Distributed on behalf of K2 Gold Corporation
Gold last traded at $4,825 and could easily test $5,000 – which is fueling upside in gold names such as K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF), Newmont Corporation (NYSE: NEM) (TSX: NGT), Barrick Mining (NYSE: B) (TSX: ABX), Franco-Nevada (NYSE: FNV), and Kinross Gold (NYSE: KGC) (TSX: K). That’s thanks to the Federal Reserve’s pivot toward more interest rate cuts, mounting geopolitical tensions, and a wave of central bank buying.
While a substantial number of analysts have been calling for $5,000 gold for some time, we’re now seeing calls for $7,000 gold. According to SAMCO Securities, gold could test $7,000, driven by further geopolitical uncertainties, sky-high deficits, central bank demand, and the real interest rate environment, as noted by Business Standard. In addition, analysts at Jefferies expect for gold prices to test $6,600 over the next few months.
One of the Beneficiaries is K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF)
K2 Gold Corporation announced that drilling is now underway at its 100%-owned Si2 Gold Project, located approximately 59 kilometers west of Tonopah, Nevada, in the prolific Walker Lane Trend. This drill program represents the culmination of significant technical studies and reinterpretation at Si2. The project is now understood to be an intact low-sulphidation epithermal gold system, with prior drilling having tested only the shallow upper expression. For the first time, K2 is drilling high-priority targets at depth, where stronger gold mineralization is commonly developed in epithermal systems.
“The commencement of this drill program is a direct result of our technical team’s strength,” said Anthony Margarit, President & CEO of K2 Gold. “Their work has fundamentally upgraded the Si2 geological model. We are now drilling the most compelling targets identified to date— testing both previously undrilled structures and the depths where our studies indicate the most productive levels of the Si2 epithermal system should lie. Si2 gives K2 a second, high-conviction discovery opportunity in one of the most proven gold districts in the U.S.A.”
Key Drivers Behind the Si2 Drill Program
· Diligent scientific and technical studies reveal untapped potential.
· First-ever testing of newly defined, deeper structural targets property-wide.
· Si2 exhibits many similar characteristics to AngloGold Ashanti’s Arthur Project (previously named Silicon)
· The right address: located in the prolific Walker Lane of Nevada – host to several world-class epithermal systems.
· Establishes Si2 as a near-term discovery catalyst, alongside the Company’s flagship Mojave Project.
Other related developments from around the markets include:
Newmont announced third quarter 2025 results. "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 Moody’s Investors Service has upgraded the senior unsecured rating of Kinross to Baa2 from Baa3. The outlook has been changed to stable from positive. In its announcement, Moody’s noted Kinross’ scale and production profile, low financial leverage and conservative financial policies as key factors driving the upgrade. Further, on December 4, 2025, the Company repaid the entirety of its outstanding 4.50% Senior Notes, which have an aggregate principal amount of $500 million, ahead of their July 15, 2027, due date. Including the early redemption of the 2027 Notes, Kinross has repaid approximately $700 million of its debt in 2025, in line with its commitment to balance sheet strength. Over fiscal years 2024 and 2025, Kinross has repaid $1.5 billion in debt including this early redemption. After the Notes redemption, Kinross has $750 million aggregate principal amount of Senior Notes outstanding, with the next Senior Notes maturity date on July 15, 2033, for $500 million in aggregate principal amount. “Kinross’ excellent financial position is driven by its consistent operating track record and disciplined cost management strategy,” said Andrea Freeborough, Chief Financial Officer. “The Moody’s upgrade underscores the strength of our investment-grade balance sheet, which stands at a net cash1 position of approximately $500 million as of September 30, 2025. Over the past two years, we have repaid $1.5 billion of debt, including $700 million in 2025, reflecting our disciplined approach to managing our business.”
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 K2 Gold Corporation by K2 Gold Corporation. We own ZERO shares of K2 Gold Corporation. Please click here for disclaimer.
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Winning Media
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