The Gold Rally Continues to Attract Investors
The gold price has been on a steady rise since March, and the precious metal has reached record highs, attracting investors back to the mining industry. As a result, mining stocks have also been rising, defying the turbulent markets outside the metal.
Several Miners Reporting Progress
Several mining companies, including RUA GOLD Inc., Collective Mining Ltd., Sandstorm Gold Ltd., New Found Gold Corp., and Meridian Mining UK Societas, have been reporting positive progress on their projects. These companies have seen improvements in gold grades, discoveries of new mineral deposits, and advancements in their exploration programs.
- RUA GOLD Inc. reported improving gold grades with depth on its Reefton Project’s Auld Creek gold-antimony project.
- Collective Mining Ltd. continues to hit high-grade gold at its Apollo system in Colombia.
- Sandstorm Gold Ltd. recently reported record preliminary Q1 revenue and achieved record cash operating margins.
- New Found Gold Corp. filed its first resource estimate for the Queensway Project in Newfoundland.
- Meridian Mining UK Societas drilled into a high-grade gold-bearing VMS system at Santa Helena.
Global Supply and Value of Antimony
Antimony, a critical metalloid, is highly valuable and in increasing demand due to its versatility and essential applications across renewable energy, liquid battery metals, defense, and technological sectors. Due to its limited supply, predominantly controlled by China, Russia, and Tajikistan, antimony is considered a strategic material essential for supply chain security.
“The price of antimony has reached new highs, currently trading over US$50,000 per tonne, a significant increase from US$11,350 per tonne at the start of 2024. This market shift has intensified interest in the strategic antimony potential held by RUA GOLD.”
— Robert Eckford, CEO of RUA GOLD
Exploration Potential
RUA GOLD commenced drilling at Auld Creek in December 2024, targeting a program to drill four mineralized shoots identified from historical surface exploration work. The company has an inferred resource indicating 700,000 tonnes at 3.1g/t Au and 1.1% Sb for 67,000oz of gold and 8,000 tonnes of antimony.
| Mineralized Shoots | Gold Grade | Antimony Grade |
|---|---|---|
| Fraternal | 4-5m of strong visible stibnite | Higher antimony grades than current resource estimate |
| Bonanza | 4-5m of strong visible stibnite | Higher antimony grades than current resource estimate |
Global Supply and Value of Antimony (Continued)
Due to its limited supply, antimony is considered a strategic material essential for supply chain security. The US, EU, UK, Japan, Canada, and Australia all designate antimony as a critical mineral. On January 31, 2025, New Zealand also announced their Critical Mineral List which included antimony.
- Price of Antimony
- US$50,000 per tonne (current market price)
- Historical Price
- US$11,350 per tonne (start of 2024)
Exploration Potential (Continued)
RUA GOLD’s exploration program at Auld Creek is focused on expanding the existing gold-antimony resource and identifying new mineralized shoots. The company has a strong technical team and a solid exploration program in place.
In Other Industry Developments
In addition to the gold and antimony developments, several other mining companies are making progress in their exploration programs.
- Collective Mining Ltd. filed its first resource estimate for the Queensway Project in Newfoundland.
- Meridian Mining UK Societas drilled into a high-grade gold-bearing VMS system at Santa Helena.
Contact Information
For more information, please contact USA News Group at [email protected] or call (604) 265-2873.
