11:55 ET
The Race for Resources: $4,300 Gold Triggers Aggressive Global Drilling Frenzy
Gold trading above $4,300 per ounce has led to a global drilling boom, with companies like GoldHaven Resources, Omai Gold Mines, Fortuna Mining, Coeur Mining, and Hecla Mining expanding exploration programs. Morgan Stanley revised its 2026 gold forecast to $4,400 per ounce. GoldHaven's inaugural diamond drilling at Copeçal Gold Project in Brazil intersected potential gold and copper mineralization, suggesting a substantial mineralized system. The company is also advancing projects in British Columbia. Omai Gold Mines reported high-grade drilling results from its Omai Gold Project in Guyana.
prnewswire·