Distributed on behalf of Trident Resources Corp.
Gold prices could test $5,000 within days. For one, there’s new uncertainty as investors react to President Trump’s threat to impose tariffs on eight European countries opposed to the proposed U.S. takeover of Greenland. In fact, according to the BBC, “Trump announced a 10% tariff on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland would come into force on 1 February, but could later rise to 25% - and would last until a deal on Greenland was reached.” Not only is that serving as a key catalyst for gold, but also for gold-related stocks, such as Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), Newmont Corporation (NYSE: NEM) (TSX: NGT), Barrick Mining (NYSE: B) (TSX: ABX), Franco-Nevada (NYSE: FNV), and Kinross Gold (NYSE: KGC) (TSX: K).
Other factors for gold’s rise include expectations of more interest rate cuts, central banks adding hundreds of tonnes of gold to their reserves and strong inflows into exchange-traded funds (ETFs).
For example, according to the World Gold Council, as gold prices shattered records about 53 times in 2025, annual inflows into physically backed gold ETFs rocketed to $89 billion, “the largest on record as the gold price delivered its strongest performance since 1979. In turn, global gold ETFs’ assets under management (AUM) doubled to an all-time high of US$559 billion, with holdings reaching a historic peak of 4,025t, up from 3,224t in 2024.”
One of the Beneficiaries is Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF)
Trident Resources Corp. announce the results of the remaining six (6) diamond drill holes from the 19-hole 2025 drill program at the Contact Lake Project.
These are the final holes to be reported from the 2025 fall program and were designed to test for the down- dip extension of gold mineralization below the historically defined Main Zone of the Bakos Shear Zone, the main host to gold mineralization. Based on the very successful results of the 2025 drill program (6,838m drilled in 19 holes), a fully-funded 10,000m winter 2026 drill program at Contact Lake is underway.
Trident’s Regional Project Location Map:
https://www.tridentresourcescorp.com/projects/contact-lake-gold-project/#&gid=1&pid=1
Highlights:
· The final six holes from Trident’s inaugural drill program at Contact Lake all intersected substantial gold mineralization within, above and below the Bakos Shear zone – the main host of gold at Contact Lake. These holes targeted gold mineralization in areas below the historical mining infrastructure, which highlights the tremendous depth-potential of the orogenic gold system present at Contact Lake.
· Hole CL25017 returned 5.73 g/t gold (Au) over 15.0m from 472.0m including 9.35 g/t Au over 7.0m from 480.0m and 15.05 g/t Au over 2.0m from 481.0m.
· Hole CL25016 returned 2.62 g/t Au over 37.44m from 465.6m including 5.70 g/t gold over 9.0m from 469.8m and 11.53 g/t Au over 2.3m from 476.5m.
· A 2026 winter phase of drilling consisting of approximately 10,000 metres in up to 40 drill holes with two drill rigs has commenced.
Jon Wiesblatt, CEO of Trident Resources, commented: “These results are very important for Trident as they clearly demonstrate the potential to significantly expand gold mineralization at depth, well below the historical mine workings developed by Cameco in the 1990’s. These first few deeper holes illustrate the discovery potential beneath the old infrastructure and reinforce our belief that Contact Lake is a large, robust orogenic gold system with the capacity to evolve into a world-class, high-grade deposit, similar to those at other major greenstone gold camps in Canada. Advancing exploration at depth will remain a key priority for the Company, and these results provide strong validation for the follow-up drilling planned in our ongoing programs at the project.”
Summary of Drilling:
The final six holes were mainly focused on discovering gold mineralization below the existing underground infrastructure in order to prove the depth potential of the orogenic shear-hosted mineralization present at Contact Lake.
These types of gold systems commonly persist to great depths, such as SSR’s Seabee Gold Operation, located 85km northeast of Contact Lake, where underground mining operations occurred up to 1.3km below surface. Contact Lake was shut down in 1998 when the gold price was close to USD $300/oz and the limit of mining reached 340 metres vertical depth. Trident believes the Contact Lake gold system has excellent potential to extend well below the limits of the historical mining where there has been effectively no drill testing.
Other related developments from around the markets include:
Newmont announced third quarter 2025 results and declared a dividend of $0.25 per share. "Newmont delivered a robust third quarter performance, producing approximately 1.4 million attributable gold ounces and generating a third-quarter record of $1.6 billion in free cash flow, marking the fourth consecutive quarter with over $1 billion in free cash flow," said Tom Palmer, Newmont's Chief Executive Officer. "We are making significant progress on the cost savings initiatives announced at the beginning of the year, enabling us to meaningfully improve our 2025 guidance for several cost metrics, while maintaining our outlook for production and unit costs in a rising gold price environment. As I prepare to retire at year-end, I am confident that Newmont is well positioned to continue delivering strong performance under Natascha Viljoen's leadership, as she assumes the role of Chief Executive Officer at the beginning of 2026."
Barrick reported third quarter operating and financial results for the period ending September 30, 2025. Barrick produced 829,000 ounces of gold and 55,000 tonnes of copper in the quarter and the Company generated $4.1 billion in revenue, as well as a record $2.4 billion in operating cash flow and $1.5 billion in free cash flow.1 Net earnings per share of $0.76 and adjusted net earnings per share1 of $0.58 increased 62% and 23%, respectively, from Q2. “Higher gold production combined with lower costs and strong commodity prices drove record cash flow for Barrick in Q3,” said Mark Hill, Group Chief Operating Officer and Interim President and Chief Executive Officer. “This allowed us to significantly increase share repurchases while also making progress on our key growth projects, maintaining our industry-leading balance sheet. Given the confidence in ongoing cash flow generation and shareholder focus, the Board has approved a 25% increase in the base quarterly dividend. Our portfolio of world-class assets continues to grow, as demonstrated by the generational gold discovery at Fourmile in Nevada.”
Franco-Nevada record quarterly results benefited from a combination of higher gold prices, strong operations, new acquisitions and the sale of Cobre Panama copper concentrate stockpiles. Our acquisition of six meaningful new gold interests over the last 18 months has positioned us for strong growth over the long-term and boosted our gold price exposure, with 85% of our revenue being from precious metals in the quarter. Following these results, we have narrowed our 2025 Total GEO sales guidance range, toward the higher end of our original guidance. After drawing on our corporate revolver to fund the Arthur Gold royalty acquisition in July, the Company is once again debt-free. We are encouraged by the recent constructive comments by the President of Panama toward resolution of the Cobre Panama mine closure. “Looking forward, our deep portfolio of producing, development and exploration stage royalties on primary gold assets is well positioned to grow organically in this strong gold price environment,” stated Paul Brink, CEO.
Kinross Gold announced that the Company’s Board of Directors has approved a 17% increase to its longstanding dividend, which will amount to $0.14 per share on an annualized basis. The Board of Directors has also approved the Company’s quarterly dividend for the third quarter of 2025. The quarterly dividend of $0.035 per common share is payable on December 10, 2025, to shareholders of record as of the close of business on November 26, 2025. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes while dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Trident Resources Corp. by Trident Resources Corp. We own ZERO shares of Trident Resources Corp. Please click here for disclaimer.
Contact:
Ty Hoffer Winning Media281.804.7972Ty@winning.media
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