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Kolem vývoje cen zlata existuje řada teorií, někdy s poněkud protichůdnou logikou a závěry. Před několika měsíci spatřila světlo světa studie, která se věnuje docela důležitému rozporu – vztahu zlata k inflaci na straně jedné a sazbám na straně druhé. Podívejme se na ní. V současném nastavení může mít hodně co říci.

Jak se o zlatu dá uvažovat nyní? Tedy pokud dáme stranou veškeré přemítání o prodejích a nákupech zeměmi Blízkého východu se zablokovanými ropnými příjmy, nákupy ze strany centrálních bank, dedolarizaci a podobně. Tedy pokud zůstaneme u starých dobrých tezí o zlatu, inflaci a sazbách? Tato úvaha ukazuje na určitý paradox, kdy proti sobě mohou jít efekty inflace a sazeb. Vyšší inflaci si totiž spojujeme  s vyššími sazbami, jejich vliv na zlato je ale v tradičním vnímání opačný.

Dejme konkrétně tomu, že by inflační tlaky vytvářené pokračující sérií přechodných faktorů nepřecházely, nebo dokonce sílily. V tradiční logice by to mělo znamenat vyšší, či pokračující vysokou atraktivitu žlutého kovu. Ale dejme také tomu, že tato situace bude vytvářet i tlak na vyšší nominální i reálné sazby. Kvůli nepřecházející vyšší inflaci i vyšší inflační nejistotě (vyšší časové prémie). Ale třeba i kvůli tomu, jak se vyvíjí vládní finance a jak se posunulo vnímání dluhové trajektorie u veřejnosti a politiků (vyšší rizikové prémie). Pak tu máme dva klíčové faktory, které historicky významně ovlivňovaly cenu zlata, a které by nyní šly proti sobě. Vyšší sazby by měly táhnout zlato dolů, ale inflace nahoru. Co k tomu říká zmíněná studie?

V „Is gold a hedge or safe-haven for inflation? Time-varying correlation in a multi-frequency framework“ její autoři Xingying Xu, Chenyue Zhou a Yinglun Zhu mimo jiné píšou: „Ve velmi dlouhých horizontech přesahujících 128 měsíců jsou korelace mezi zlatem a inflací obecně pozitivní. Pozitivní jsou od roku 1968 do roku 2020, ale po roce 2020 se stávají zápornými… Ve střednědobém a dlouhém horizontu 32–128 měsíců jsou korelace vysoce volatilní a silně ovlivněné  režimy úrokových sazeb.“

K tomu pak autoři studie dodávají: „Vysoké reálné úrokové sazby tlumí nebo dokonce obracejí vztah mezi zlatem a inflací prostřednictvím zvýšených nákladů na držbu zlata.“ Mimochodem studie také tvrdí, že „směnný kurz EUR/USD vykazuje silnější potenciál pro zajištění proti inflaci než zlato v horizontech kratších než 128 měsíců. A futures na sóju v posledním desetiletí do značné míry ztratily svůj význam z hlediska takového zajištění.

Minimálně bychom tedy mohli říct, že sledoval jen inflaci ani zdaleka nestačí, reálné sazby hrají významnou, nebo dokonce rozhodující roli. Takže zbývá jen podívat se na aktuální vývoj reálných sazeb – v následujícím grafu od FREDu jsou odhady těch desetiletých od Fedu provedené na základě inflace a inflačních očekávání:

A vlastně zbývá ještě jedno – připomenout právě to, kolik teorií a skutečně působících faktorů se nyní kolem zlata zřejmě točí (viz výše). Efekt inflace a/nebo sazeb sám o sobě nemusí v takovém prostředí dominovat.

, /PRNewswire/ -- Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to report on its summer exploration program progress and mine geology advancement to further its operational readiness program.

2026 Summer Geology Program Highlights:

Figure 1: North Block

Figure 2: South Block

Figure 3: Map of Condemnation Drilling Program Advanced South Block targets toward drill-ready status Mapped more than 95% of known outcrops and collected 127 grab samples Completed 23 condemnation holes totalling 6,184 metres, confirming the site General Arrangement Advanced the integrated 3D geological and multi-element geochemical model Adree DeLazzer, P.Geo, Vice President, Exploration, commented, "this season's work has strengthened our geological understanding of the North and South blocks and advanced priority targets on the South Block toward planned drilling in early 2027. Integrating our mapping, sampling and structural interpretation will help us refine these targets and focus the next phase of exploration. In parallel, we are developing an integrated geological and geochemical model at Fenn-Gib to better understand the deposit and guide exploration across the broader property. We are encouraged by the South Block's potential and look forward to testing the targets developed through this work.

2026 Exploration Program

The 2026 exploration program focused on advancing the geological understanding of the North and South blocks (see figures 1 and 2 below) through systematic geological mapping, prospecting, sampling, and compilation of historical data. Over 95% of known outcrops across both blocks were reviewed, mapped and selectively sampled, providing extensive coverage of the property and adding significantly to the geological dataset available for ongoing interpretation and targeting.

A total of 127 grab samples were collected across the North and South blocks, including selected samples for gold assay and multi-element geochemical analysis. Geological and structural observations recorded during fieldwork focused on documenting structural features, lithology, alteration, and mineralization. The results of this work are being integrated with existing historical datasets to build a more complete understanding of the property.

A structural targeting program is also underway and has identified a number of areas for further evaluation. These targets are being integrated with the results of the summer mapping and sampling program to help refine areas for potential follow-up geological, geochemical, and geophysical work.

The Company is currently finalizing plans for its fall and winter exploration programs.

Infrastructure Condemnation Drilling Program

Mayfair has completed its 2026 condemnation drilling program, comprising 23 drill holes totalling 6,184 metres, including two redrills. The program was designed to test the proposed locations of key project infrastructure identified in the 2026 Pre-Feasibility Study Technical Report. The drilling results confirm that the tested locations remain suitable for the planned infrastructure, and no changes to the current site layout are required.

Condemnation Program Assay Highlights

Hole-ID

From
(Meters)

To
(Meters)

Length*
(Meters)

Au g/t

Lithology

FGN26-031

51.00

67.75

16.75

0.52

AMV

and

260.00

261.25

1.25

1.28

MV

FGN26-033

178.30

181.00

2.70

2.84

AMV

including

179.70

181.00

1.30

5.41

MV

FGN26-035

87.00

90.00

3.00

0.66

SED

and

296.50

298.00

1.50

0.51

SED

FGN26-036

49.00

50.50

1.50

3.27

SED

FGN26-037

180.90

184.00

3.10

0.64

ASED

including

183.00

184.00

1.00

1.05

ASED

and

271.00

275.00

4.00

0.62

ASED

FGN26-038

198.30

202.50

4.20

1.58

SED

including

201.00

202.50

1.50

3.50

SED

FGN26-039

91.50

92.60

1.10

0.73

SED

FGN26-040

82.50

84.00

1.50

4.45

SED

FGN26-041a

238.50

240.00

1.50

3.64

SED

and

263.00

264.50

1.50

1.11

SED

FGN26-043

224.00

225.50

1.50

0.60

SED

FGN26-048

163.00

164.50

1.50

0.50

SED

and

167.50

169.00

1.50

0.67

SED

FGN26-050

278.00

279.50

1.50

1.14

SED

and

296.00

297.50

1.50

0.52

SED

* True Thickness for condemnation drilling is unknown.

Lithology codes: "MV" mafic volcanics; "SED" sediments; denominator "A" denotes altered nature

Condemnation Drilling - Collar Information

Hole ID

Easting

Northing

Elevation

 Length
(Meter)

Azimuth

Dip

FGN26-030

557334

5375791

326

300

5

-50

FGN26-031

557865

5376070

316

300

340

-50

FGN26-032

558548

5376155

314

300

25

-50

FGN26-033

559084

5375595

312

300

25

-50

FGN26-034

559125

5374660

314

53

0

-50

FGN26-034a

559122

5374662

312

300

0

-50

FGN26-035

558729

5374163

312

300

0

-50

FGN26-036

558739

5374641

313

300

25

-50

FGN26-037

558291

5374722

314

300

0

-50

FGN26-038

557811

5374182

312

301

0

-50

FGN26-039

557799

5374738

315

300

0

-50

FGN26-040

558273

5374186

312

300

0

-50

FGN26-041

557393

5375141

317

72

335

-50

FGN26-041a

557393

5375141

317

300

335

-50

FGN26-042

557397

5374623

316

300

335

-50

FGN26-043

557170

5373775

310

300

335

-50

FGN26-044

559121

5374225

312

187

0

-50

FGN26-045

556964

5374878

317

300

335

-50

FGN26-046

556820

5374402

316

300

335

-50

FGN26-047

556717

5373786

310

300

335

-50

FGN26-048

556284

5374488

316

171

335

-50

FGN26-049

556744

5375186

323

300

335

-50

FGN26-050

556283

5375246

317

300

335

-50

*Coordinates reported in NAD83 Zn 17N

Mine Geology and Geochemical Modelling

Efforts are underway to build a comprehensive 3D model integrating geology and a multi-element database. To date, over 900 inductively coupled plasma mass spectrometry assays (ICP-MS) have been taken in and around the main Fenn-Gib deposit. Mayfair is continuing to expand the database and model key elements to strengthen the geo-metallurgy model. The final product will also serve in vectoring pathfinder elements to support exploration efforts on the property scale.

Acid-based accounting assays (ABA) are also being included to further support and strengthen the various environmental baseline studies.

Finally, the previously reported grade control program yielded favorable results (see news release dated June 18, 2026). Mayfair is currently considering options to capitalise on those results and potentially do targeted infill drilling to pursue that program.

Quality Assurance and Quality Control

Mayfair Gold maintains a Quality Assurance/Quality Control (QA/QC) program aligned with NI 43-101 requirements and industry best practices. NQ size surface drilling was carried out by Black Diamond Drilling of Matheson, Ontario, and by Wiijiiwaagan Drilling Limited Partnerships of Haileybury, Ontario, under the supervision of Mayfair Gold's exploration team. The drill program includes detailed geological logging and systematic sampling of drill core at Mayfair's secure facility in Matheson, Ontario.

Drill core selected for analysis was cut longitudinally using a diamond‑blade saw. One half of the core was retained in the core box for reference, and the other half was bagged, sealed, and prepared for shipment. Analytical work was completed by Swastika Laboratories Ltd. in Swastika, Ontario. Swastika Laboratories is independent of Mayfair Gold and accredited by the Canadian Association for Laboratory Accreditation Inc. (CALA) and meets the ISO/IEC 17025 standards for gold analysis by fire assay with gravimetric finish and fire assay with flame atomic absorption spectroscopy (FAAS) finish.

Samples were delivered directly to Swastika Laboratories by Mayfair personnel. Samples are crushed to minimum 80% passing 1,700 μm. Samples are then split to obtain a 300–500 g sample using a rotary divider. 300–500 g samples are pulverized to minimum 85% passing 74 μm. Gold assays were completed using a 30‑gram fire assay with FAAS finish. Samples returning gold grades greater than 10 g/t were re‑assayed using a 30‑gram fire assay with gravimetric finish. As part of Mayfair's QA/QC protocol, one certified reference material (CRM), one coarse blank, and one coarse duplicate sample were inserted into the sequence of every 25 samples. Routine third‑party check assays are also performed.

True thickness for condemnation drilling is unknown.

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. Fenn-Gib hosts a 4.3 million ounce indicated mineral resource of gold (181.3Mt at an average grade of 0.74 g/t) and the expected strategy outlined in the 2026 Pre-Feasibility Study (the "PFS")1 is to develop the project under the provincial permitting process, targeting the higher-grade 1 million ounce probable mineral reserve (25.1Mt at an average grade of 1.29g/t) sitting near-surface, highlighting the optionality and scalability provided by the deposit. The PFS also outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow2 of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. The company also remains focused on exploration around the broader land package with the goal of enhancing mineral resource scale and growth opportunities.

The geological information contained in this news release has been reviewed and approved by Adree DeLazzer, P.Geo., Vice President, Exploration of Mayfair, and the remaining technical information has been reviewed and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair. Ms. DeLazzer and Mr. Anwyll are Qualified Persons as defined by National Instrument 43-101.

_________________________

1 Please refer to the technical report entitled "Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study" dated effective December 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details.

2 Free cash flow does not have a standardized meaning and may not be comparable to similar measures presented by other issuers, referred to as non-GAAP financial measures. As the Corporation is not in production, the Corporation does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures may not be reconciled to the nearest comparable measures under IFRS.

Cautionary Note Regarding Forward-Looking Information

This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, "forward-looking information"). The use of the words "will" and "expected" and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, the expected strategy to develop the project under the provincial permitting process, de-risking of early years' high-grade feed and cash flow profile, the potential to bring forward higher-grade production, targeting the higher-grade mineral reserve, building and operating the Fenn-Gib Project and all disclosure related to the PFS, including commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws. 

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Mayfair Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - September 8, 2026) - Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (WKN: A40QYC) ("RUA GOLD" or the "Company") is pleased to provide an update on its Auld Creek gold-antimony project (the "Auld Creek Project") in Reefton, New Zealand.

RUA GOLD's exploration team has completed 19,600m of drilling, primarily focused on improving the confidence of Mineral Resource and provide detailed data for the geotechnical, hydrological and metallurgical studies supporting the pre-feasibility study ("PFS") required for the Company's Fast-Track Approvals Mining Application. Following the July 2026 announcement1 that the Auld Creek Project had been accepted as a listed project under New Zealand's Fast-Track Approvals regime, the Company remains on track to execute on its strategy and submit its substantive application in October 2026 and publish the PFS in December 2026.

Highlights:

Four drill rigs continue testing the growing resource, which remains open in all directions.

RUA GOLD’s exploration team has completed 19,600m of resource drilling, exceeding its 19,000m target. 

Highlighted assay results from drilling at Auld Creek include:

ACDDH086: 2.7m @ 23.2 g/t AuEq2 (15.4 g/t Au & 3.6% Sb) from 249m

ACDDH103: 7.0m @ 9.9 g/t AuEq2 (5.7 g/t Au & 2.0% Sb) from 133m

ACDDH104: 32.0m @ 2.4 g/t AuEq2 (2.1 g/t Au & 0.1% Sb) from 332m

ACDDH106: 11.3m @ 5.7 g/t Au (incl 0.8m @ 17.65g/t Au) from 159m 

ACDDH107: 1.9m @ 22.7 g/t AuEq2 (10.1 g/t Au & 5.8% Sb) from 249.55m

ACDDH108: 11.3m @ 6.11 g/t Au from 256m

ACDDH111: 4.5m @ 12.6 g/t AuEq2 (5.8 g/t Au & 3.1% Sb) from 138m

ACDDH112: 2.9m @ 38.8 g/t AuEq2 (9.3 g/t Au & 13.7% Sb) from 226m 

ACDDH119: 0.6m @ 136.2 g/t AuEq2 (82.9 g/t Au & 24.8% Sb) from 237.6m

Ultra-detailed geological and structural studies have significantly improved the Company’s understanding of the orientation of high-grade mineralized shoots, contributing to a high drill-targeting success rate and improved intercept grades.

Localised mineralized zones exceeding 20m in width support the potential scale and continuity of the resource. Drilling has also returned exceptionally high individual grades and the first observations of visible gold at the Auld Creek Project.

Assay results from a further 18 drill holes are pending and will contribute to the updated Mineral Resource estimate anticipated in Q4 2026. 

The Company remains on track to submit its substantive application under New Zealand’s Fast-Track Approvals regime in October 2026.

Robert Eckford, Chief Executive Officer of RUA GOLD, commented: "These exceptional exploration results are informing the mine plan and reinforcing the significant development potential of the Auld Creek Project. The deposit continues to exceed our expectations and remains open in all directions. Our improved understanding of the orientation of the high-grade mineralized shoots will be crucial as we advance the next phase of drilling. The occurrence of visible gold is particularly encouraging and suggests that grades may improve with depth."

Figure 1: Highlights from recent Auld Creek drilling

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/313276_2acb39f604e68ba4_012full.jpg

Table 1: Significant intercepts from recent Auld Creek drilling.

Hole IDFromToIntervalAu (g/t)SbIncludingACDDH086249.2251.952.7515.43.60%
ACDDH10313314075.661.96%0.85m @ 15g/t AuACDDH104332.1364.1322.11
1.1m @ 1.8% Sb and 1m @ 1.08% Sb (20m apart)ACDDH106158.6169.911.35.67
0.8m @ 17.65g/t AuACDDH107249.55250.71.910.15.88%
ACDDH108256267.311.36.11
1m @ 21.8g/t AuACDDH111138142.54.55.843.14%2m @ 9.87g/t Au and 2.5m @ 5.45% SbACDDH112226228.852.859.2913.71%0.5m @ 40.5g/t AuACDDH119237.6238.150.682.924.80%
AULD CREEK EXPLORATION UPDATE

Recent drilling continues to demonstrate the potential to expand the Auld Creek gold-antimony resource, which extends over 1,000m in length and to a depth of more than over 500m. Following completion of the planned 19,600m drill program, and encouraged by the exceptional results received to date, the Company will continue drilling with four rigs during the fourth quarter of 2026 to test the deposit along strike and at depth.

Drill targeting was guided by detailed structural mapping used to interpret the orientation and plunge of the prospective high-grade mineralized shoots. Stereonet plotting of the dips and strikes within the main Fraternal Fault zone indicates an overall orientation of 186°/84°W. The analysis also indicates that the shears and breccias intersecting the Fraternal Fault are orientated at 354° with a moderate plunge.

Drilling based on these structural guides have demonstrated strong continuity of mineralization along the interpreted orientations and a high success rate in testing planned targets.

Figure 2: Shoot orientations on Fraternal, Auld Creek

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/313276_2acb39f604e68ba4_018full.jpg

Two features of the recent drilling program are particularly notable:

Certain mineralized shoots demonstrate increasing gold and antimony grades, including intervals where visible gold has been observed (Zone 1 - Figure 2).

Mineralized widths increase in certain areas, with discrete hanging wall and footwall zones of higher antimony mineralization enveloping a broad zone grading of approximately 2-3 g/t Au (Zone 2 - Figure 2).

Figure 3: High grade Au and Sb from Zone 1, Figure 2.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/313276_2acb39f604e68ba4_019full.jpg

The resource drilling program also incorporates the geotechnical, hydrological and metallurgical studies required for the PFS, including rock strength testing, specific gravity and ore zone characterization. This work is substantially complete and will support the Company's forthcoming Fast-Track Approvals application and the filing of the required NI 43-101 technical reports.

Figure 4: Location of active Rua Gold exploration projects

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/313276_2acb39f604e68ba4_030full.jpg

MANAGEMENT UPDATE

RUA GOLD is also pleased to announce the appointment of Darren Prins as Interim Chief Financial Officer and Corporate Secretary during the planned maternity leave of Zeenat Lokhandwala.

Mr. Prins brings extensive experience in corporate reporting, governance and mergers and acquisitions. Throughout his career, he has held senior financial leadership positions with several publicly listed mining companies, including Timmins Gold, Mayfair Gold and First Mining Gold.

ABOUT RUA GOLD

RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully turned major discoveries into producing world-class mines in multiple continents. The team is now focused on maximizing the asset potential of RUA GOLD's two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of permits, in a district that historically produced over 2Moz of gold grading from 9-50g/t3.

The Company's Glamorgan Project solidifies RUA GOLD's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki District, a region that has produced an impressive 15Moz of gold and 60Moz of silver4.

For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.

TECHNICAL INFORMATION

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and Chief Operating Officer and a director of RUA GOLD, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has participated in the geochemical sampling, and mapping programs to verify that they have been conducted in accordance with standard operating procedures. Mr. Henderson has verified the data disclosed by running checks on the location, analytical, and test data underlying the information in the technical disclosure herein.

QA/QC Drill Core

Core samples were sent to SGS Laboratories, Westport for sample preparation. SGS is independent of the Company. Samples were crushed and pulverized to 85% passing 75 µm. The pulverized rock-chips were split into two samples: ~50 g for laboratory analysis, and the reject returned to Rua for pXRF analysis and storage.

Pulverized rock-chip samples were sent to ALS Brisbane to be analyzed for gold (Au) by 50-g fire assay with AAS finish (ALS Code Au-AA26); and for antimony (Sb) with lithium borate fusion sample preparation followed by an X-ray Fluorescence (XRF) instrument finish (ALS Codes: Sb-XRF15b for 0.005-20.0% Sb and Sb-XRF15c for 0.01-80.0% Sb).

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to drill program at the Auld Creek target and the timing and results thereof, the timing or results of PFS, the timing or result of an application for a mine permit, and the expected contributions of Mr. Prins. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Table 2: Location of Auld Creek reported drill holes from RUA program

Hole IDEastingNorthingrLTotal DepthSite _IDDipAzimuth (true)YearACDDH0791507082.25333093.18583.32316.8Pad 08-601202026ACDDH0801507191.045333295.02514.48253.3Pad 04-761402026ACDDH0811507072.375332958.36605.52432.2Pad 18 -73852026ACDDH0821507082.565333095.59582.4343.9Pad 08-66.5842026ACDDH0851507072.655332958.23605.5397Pad 18 -71.51042026ACDDH0861507119.665333160.15539.6279.9Pad 09-69822026ACDDH0881507082.875333092.69583.13273.8Pad 08-53.51232026ACDDH0891507071.175332957.77605.63439.3Pad 18-741192026ACDDH090A1507119.25333160.24539.51375.7Pad 09-75822026ACDDH0911507082.865333094.38582.98296.6Pad 08-61.5105.72026ACDDH0931507071.655332958.1605.68516.4Pad 18-78.3100.42026ACDDH0941507192.485333294.7514.76271.3Pad 04-74.5117.42026ACDDH0951507082.475333092.53583.36296Pad 08-581272026ACDDH0961507192.55333294.7514.77184.5Pad 04-71.31152026ACDDH0971507083.425333093.45582.96263Pad 08-55.2109.52026ACDDH0981507072.715332958.15605.56278Pad 18-60902026ACDDH09915071935333296.48514.38133.9Pad 04-69.51012026ACDDH1001507289.575333151.2537.64178.7Pad 24-61.62472026ACDDH1011507191.975333295.33514.58212.5Pad 04-62.537.62026ACDDH1021507072.55332957.9605.57348.8Pad 18-66.386.72026ACDDH1031507191.915333294.49514.76183.7Pad 04-63.543.52026ACDDH1041507082.425333092.9583.24381.8Pad 08-67.7124.32026ACDDH1051507289.645333152.93537.48241Pad 24-632952026ACDDH10615071925333293.02514.93216.8Pad 04-72.455.82026ACDDH1071507074.25332955.3606258.8Pad 18-55.9992026ACDDH1081507290.35333152.93537.57283.8Pad 24-73.3302.42026ACDDH1101507192.465333293.29514.74164.9Pad 04-67.663.62026ACDDH1111507192.155333295.22514.49177.5Pad 04-69.457.52026ACDDH1121507072.675332957.8605.52260.8Pad 18-56.2105.72026ACDDH1131507082.665333093.28583.23343.2Pad 08-64.3109.82026ACDDH1141507191.125333295.03514.35148.3Pad 04-68127.22026ACDDH1151507290.725333152.76537.73312.6Pad 24-71315.52026ACDDH1161507072.695332957.25605.64271.5Pad 18-58.382.32026ACDDH1171507191.715333292.6515.12179.5Pad 04-52161.62026ACDDH1191507074.25332955.6605.10248.1Pad 18-55.795.72026Table 3: Significant drilling intercepts at Auld Creek, full mineralized zone composites

Hole_IDFromToIntervalAu (g/t)Sb (%)ACDDH082316.6316.90.35.450.01ACDDH08535535612.040.01ACDDH08535635710.810.01ACDDH08535735810.440.01ACDDH085358358.50.50.84-0.01ACDDH085358.5358.80.30.620.01ACDDH085358.8359.30.50.64-0.01ACDDH085359.3359.80.54.220.01ACDDH085359.8360.30.58.040.02ACDDH085360.3360.850.5515.60.10ACDDH085360.85361.40.553.160.01ACDDH086249.2249.60.410.30.02ACDDH086249.62500.423.20.02ACDDH086250250.70.7232.41ACDDH086250.7251.30.68.238.39ACDDH086251.3251.950.6512.24.90ACDDH086265.8266.60.81.920.01ACDDH086266.6267.30.72.010.01ACDDH086267.3267.90.63.330.01ACDDH095278.3279.10.80.31.08ACDDH095279.1279.80.70.671.84ACDDH095279.8280.50.71.30.18ACDDH095280.5281.30.80.050.09ACDDH095281.3282.351.054.741.41ACDDH097254.9255.350.451.580.02ACDDH097255.35255.80.451.030.01ACDDH097255.8256.10.32.450.06ACDDH097256.1256.40.33.70.97ACDDH097256.4256.80.40.470.38ACDDH097256.8257.20.40.760.67ACDDH098259.8260.350.555.922.43ACDDH099112112.50.51.460.01ACDDH099112.51130.51.150.06ACDDH099113113.40.45.514.36ACDDH099113.4113.850.453.484.42ACDDH099113.85114.150.30.570.33ACDDH099114.15114.550.40.410.05ACDDH102296296.550.553.221.77ACDDH102301.53020.52.750.19ACDDH102302302.50.54.890.50ACDDH102302.53030.53.510.25ACDDH102303303.60.64.110.03ACDDH102303.63040.40.050.01ACDDH102304304.50.50.02-0.01ACDDH102304.53050.50.270.01ACDDH102305305.50.50.28-0.01ACDDH102305.5305.80.31.241.31ACDDH102305.8306.10.30.68-0.01ACDDH102306.1306.50.40.51-0.01ACDDH102306.53070.50.43-0.01ACDDH102307307.50.50.52-0.01ACDDH102307.53080.51.14-0.01ACDDH103133133.50.510.02ACDDH103133.51340.54.623.50ACDDH103134134.70.74.599.52ACDDH103134.7135.30.61.980.01ACDDH103135.31360.75.760.07ACDDH103136136.40.44.170.04ACDDH103136.4136.750.355.98-0.01ACDDH103136.75137.10.354.750.32ACDDH103137.1137.750.656.420.83ACDDH103137.75138.30.554.950.09ACDDH103138.3138.750.4565.08ACDDH103138.75139.10.3511.256.27ACDDH103139.1139.60.517.80.16ACDDH103139.61400.41.390.02ACDDH103150150.50.51.990.009ACDDH103150.51510.50.810.007ACDDH103151151.50.51.05-0.005ACDDH103151.51520.51.520.009ACDDH103152152.50.50.46-0.005ACDDH103152.51530.51.84-0.005ACDDH103153153.50.52.29-0.005ACDDH103153.51540.53.44-0.005ACDDH104331.1332.110.610.03ACDDH104332.1333.21.12.171.82ACDDH104333.2333.90.75.790.09ACDDH104333.9334.80.92.930.02ACDDH104334.8335.70.91.92-0.01ACDDH104335.7336.50.81.560.01ACDDH104336.5337.513.360.01ACDDH104337.5338.512.21-0.01ACDDH104338.53390.53.78-0.01ACDDH10433934012.740.01ACDDH10434034112.97-0.01ACDDH10434134211.60.01ACDDH104342342.50.50.87-0.01ACDDH104342.5343.20.74.50.06ACDDH104343.23440.81.730.01ACDDH104344344.80.80.610.01ACDDH104344.8345.50.72.25-0.01ACDDH104345.5346.30.80.480.01ACDDH104346.3347.10.80.990.01ACDDH104347.1347.90.80.940.01ACDDH104347.9348.60.73.40.02ACDDH104348.6349.611.880.01ACDDH104349.6350.610.93-0.01ACDDH104350.6351.71.10.730.01ACDDH104351.7352.30.62.160.01ACDDH104352.3353.41.10.960.01ACDDH104353.4354.411.891.08ACDDH104354.4355.413.910.28ACDDH104355.4356.412.940.06ACDDH104356.4357.20.81.450.15ACDDH104357.2358.212.440.02ACDDH104358.2359.10.92.030.02ACDDH104359.1360.31.21.610.01ACDDH104360.3361.311.050.01ACDDH104361.3362.311.80.01ACDDH104362.3363.312.40.01ACDDH104363.3364.10.82.590.01ACDDH104364.13650.90.3-0.01ACDDH10436536610.510.01ACDDH104366367.11.10.68-0.01ACDDH104367.1368.21.10.17-0.01ACDDH104368.2369.51.30.41-0.01ACDDH104369.5370.81.30.01-0.01ACDDH104370.83721.21.20.01ACDDH104372373.21.20.36-0.01ACDDH104373.23740.80.260.01ACDDH104374374.80.80.480.01ACDDH104374.83761.210.01ACDDH10437637710.450.01ACDDH105202.8203.60.82-0.01ACDDH105203.6204.40.83.01-0.01ACDDH105204.4205.30.94.8-0.01ACDDH106158.6159.616.67-0.01ACDDH106159.6160.610.47-0.01ACDDH106160.6161.40.81.12-0.01ACDDH106161.41620.68.16-0.01ACDDH10616216314.2-0.01ACDDH10616316418.870.01ACDDH10616416513.92-0.01ACDDH106165165.80.84.27-0.01ACDDH106165.8166.60.82.58-0.01ACDDH106166.6167.40.817.650.01ACDDH106167.4168.10.77.52-0.01ACDDH106168.1169.117.920.01ACDDH106169.1169.90.81.710.01ACDDH107249.55249.850.35.65.93ACDDH107249.85250.350.54.242.16ACDDH107250.35250.70.3511.9513.95ACDDH107250.72510.319.68.22ACDDH107251251.450.4511.852.15ACDDH108256257121.80.01ACDDH10825725816.82-0.01ACDDH108258259112.350.01ACDDH108259259.80.80.95-0.01ACDDH108259.8260.70.95.320.01ACDDH108260.7261.60.97.51-0.01ACDDH108261.6262.50.99.94-0.01ACDDH108262.5263.30.80.28-0.01ACDDH108263.3264.10.80.15-0.01ACDDH108264.1264.90.80.61-0.01ACDDH108264.9265.70.84.750.01ACDDH108265.7266.50.80.830.01ACDDH108266.5267.30.81.920.01ACDDH110115.75116.40.651.082.47ACDDH110116.41170.63.782.61ACDDH111138138.50.52.140.03ACDDH111138.51390.53.080.76ACDDH111139139.50.50.455.49ACDDH111139.51400.53.653.59ACDDH111140140.50.55.490.19ACDDH111140.5140.850.3514.055.64ACDDH111140.85141.20.358.7517.85ACDDH111141.2141.50.318.52.64ACDDH111141.51420.56.930.06ACDDH111142142.50.53.80.12ACDDH112226226.30.31.853.61ACDDH112226.3226.60.33.5217.20ACDDH112226.6226.950.352.7517.00ACDDH112226.95227.450.540.58.34ACDDH112227.452280.551.238.98ACDDH112228228.50.54.8423.10ACDDH112228.5228.850.351.617.80ACDDH112239.452400.552.771.36ACDDH112240240.550.554.852.15ACDDH112243.6244.20.69.084.02ACDDH113323.95324.450.55.430.06ACDDH113324.45324.90.457.80.03ACDDH114108.3108.80.511.65.26ACDDH114108.8109.91.16.634.96ACDDH11525625710.47-0.01ACDDH11525725813-0.01ACDDH11525825910.48-0.01ACDDH11525926012.04-0.01ACDDH11526026110.79-0.01ACDDH11526126210.66-0.01ACDDH115262263110.01ACDDH11526326414.050.01ACDDH11526426510.63-0.01ACDDH11526526610.84-0.01ACDDH11526626710.73-0.01ACDDH11526726810.05-0.01ACDDH11526826911.27-0.01ACDDH116254.05254.650.61.211.09ACDDH116254.65255.350.70.20.03ACDDH116255.35255.650.32.3522.00ACDDH117148.35148.950.61.74-0.01ACDDH117148.95149.550.61.21-0.01ACDDH117149.55150.150.61.39-0.01ACDDH117150.151510.852.6-0.01ACDDH117151151.50.54.32-0.01ACDDH117151.51520.51.97-0.01ACDDH117157.41580.61.140.07ACDDH117158158.60.60.590.03ACDDH117158.6159.20.61.860.01ACDDH117159.8160.40.61.660.02ACDDH117160.4161.20.80.650.02ACDDH117161.2161.850.652.480.12ACDDH117161.85162.40.559.710.15ACDDH117162.4162.60.22.520.06ACDDH117162.6163.150.5510.01ACDDH119237.6238.150.5582.924.801 See Rua Gold news release "RUA GOLD's Auld Creek Project Qualifies for New Zealand's 6-Month Fast-Track Approvals Process" dated July 30, 2026, available on the Company's website at www.ruagold.com and on SEDAR+ at www.sedarplus.ca
2 Based on the recent Reefton Technical Report, the gold equivalent formula is based on AuEq = Au g/t + 2.15 x Sb% using a Au price of US$3,000/oz, Sb price of US$25,000 per tonne and 85% recovery.
3 Technical Report on the Reefton Project, New Zealand, with an effective date of February 27, 2026 available under the Company's SEDAR+ profile at www.sedarplus.ca.
4 Christie, A., Simpson, M., Barker, R., and Braithwaite, R. 2019. Exploration for epithermal Au-Ag deposits in New Zealand: history and strategy. New Zealand Journal of Geology and Geophysics, 62:1, 414-441. NI 43-101 Technical Report, Waihi District Pre-feasibility Study, New Zealand. OceanaGold Corporation, Report Date: December 11, 2024.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313276

Source: Rua Gold Inc.

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Gold.com, Inc. (Gold) Q4 2026 Earnings Call September 2, 2026 4:30 PM EDT

Company Participants

Gregory Roberts - CEO & Director
Cary Dickson - Executive VP & CFO
Thor Gjerdrum - President

Conference Call Participants

Michael Baker - D.A. Davidson & Co., Research Division
Thomas Forte - Maxim Group LLC, Research Division
Andrew Scutt - ROTH Capital Partners, LLC, Research Division
Brian McNamara - Canaccord Genuity Corp., Research Division
Gregory Gibas - Northland Capital Markets, Research Division

Presentation

Operator

Good afternoon, and welcome to Gold.com's conference call for the fiscal fourth quarter ended June 30, 2026. My name is Matthew, and I'll be your operator this afternoon. Before this call, Gold.com issued its results for the fiscal fourth quarter and full year 2026 in a press release, which is available in the Investor Relations section of the company's website at www.gold.com. You can find the link in the Investor Relations section at the top of the homepage.

Joining us for today's call are Gold.com's CEO, Greg Roberts; President, Thor Gjerdrum; and CFO, Cary Dickson. Following their remarks, we'll open the call for your questions. Then before we conclude the call, I'll provide the necessary cautions regarding the forward-looking statements made by management during this call. I'd like to remind everyone that this call is being recorded and will be available for replay via a link available in the Investor Relations section of Gold.com's website.

Now I'd like to turn the call over to Gold.com's CEO, Mr. Greg Roberts. Sir, please proceed.

Gregory Roberts
CEO & Director

Thank you, Matthew, and good afternoon to everyone. Thank you for joining our call today. Our fourth quarter results reflect our strategic execution and further demonstrate our strong value proposition as we continue leveraging the breadth of our capabilities across our fully integrated platform. Our results are reflective of the economic and geopolitical

FY 2026 Diluted Earnings Per Share of $3.02

$82.3 Million in Net Income and $179.8 Million in non-GAAP EBITDA in FY 2026

Company Declares Special Dividend of $1.00 per share

COSTA MESA, Calif., Sept. 02, 2026 (GLOBE NEWSWIRE) -- Gold.com, Inc. (NYSE: GOLD), (“Gold.com” or the “Company”), a fully integrated alternative assets platform that offers an extensive range of precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients worldwide, reported results for the fiscal fourth quarter and full year ended June 30, 2026.

Management Commentary

“Fiscal 2026 was a transformational year highlighted by continued growth through both organic expansion and strategic acquisitions, our rebranding to Gold.com, and outstanding financial results that underscored the strength of our vertically integrated model,” said Gold.com CEO Greg Roberts. “Fourth quarter performance was solid as we delivered net income of $12.2 million and earnings per diluted share of $0.41, even as market conditions softened. 

“We saw continued growth in our storage and secured lending businesses during the year.  Both businesses carry attractive economics and deepen relationships with customers who may transact across the rest of our platform.  We also continued to grow our business with major retailers and institutional customers, as a result of strategic investments in our trading and logistics platforms.

“Completing the acquisition of Sunshine Minting (“SMI”) in April was a major milestone that significantly expands our total production capacity and creates a clear pathway to capturing additional value and market share globally.  With its state-of-the art facilities and strong capabilities and capacity, SMI is well positioned to serve the growing demand from the United States Mint and other sovereign mints around the world, along with capitalizing on the opportunities across our portfolio of brands.

“Underlying trends across our business remain strong and we are well positioned for broad-based growth and delivering long-term value to our shareholders.”

   Three Months Ended June 30,     2026   2025     (in thousands, except Earnings per Share)             Selected Key Financial Statement Metrics:         Revenues $5,005,014   $2,512,048   Gross profit $110,297   $81,689   Depreciation and amortization expense $(10,115)  $(8,576)  Net income attributable to the Company $12,157   $10,324             Earnings per Share:         Basic $0.42   $0.42   Diluted $0.41   $0.41             Non-GAAP Measures (1):         Adjusted net income before provision for income taxes $24,741   $19,163   EBITDA $28,188   $29,153             (1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 23-25              A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended June 30, 2026 and 2025 follows (in thousands):                Three Months Ended June 30,     2026   2025             Net income before provision for income taxes $12,303   $13,020   Adjustments:         Remeasurement gain on pre-existing equity interests  (4,136)   (1,900)  Contingent consideration fair value adjustment  6,327    (10)  Acquisition costs  132    (523)  Amortization of acquired intangibles  7,004    6,658   Depreciation expense  3,111    1,918   Adjusted net income before provision for income taxes (non-GAAP) $24,741   $19,163                Three Months Ended     June 30, 2026   March 31, 2026     (in thousands, except Earnings per Share)             Selected Key Financial Statement Metrics:         Revenues $5,005,014   $10,350,729   Gross profit $110,297   $176,580   Depreciation and amortization expense $(10,115)  $(9,416)  Net income attributable to the Company $12,157   $59,487             Earnings per Share:         Basic $0.42   $2.17   Diluted $0.41   $2.09             Non-GAAP Measures (1):         Adjusted net income before provision for income taxes $24,741   $87,111   EBITDA $28,188   $103,382             (1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 23-25                        A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended June 30, 2026 and March 31, 2026 follows (in thousands):                Three Months Ended   June 30, 2026   March 31, 2026             Net income before provision for income taxes $12,303   $81,753   Adjustments:         Remeasurement gain on pre-existing equity interests  (4,136)   —   Contingent consideration fair value adjustment  6,327    (4,436)  Acquisition costs  132    378   Amortization of acquired intangibles  7,004    6,975   Depreciation expense  3,111    2,441   Adjusted net income before provision for income taxes (non-GAAP) $24,741   $87,111             Fiscal Fourth Quarter 2026 Financial Highlights

Revenues for the three months ended June 30, 2026 increased 99% to $5.005 billion from $2.512 billion for the three months ended June 30, 2025, and decreased 52% from $10.351 billion for the three months ended March 31, 2026Gross profit for the three months ended June 30, 2026 increased 35% to $110.3 million from $81.7 million for the three months ended June 30, 2025, and decreased 38% from $176.6 million for the three months ended March 31, 2026Gross profit margin for the three months ended June 30, 2026 decreased to 2.20% of revenue, from 3.25% of revenue for the three months ended June 30, 2025, and increased from 1.71% of revenue for the three months ended March 31, 2026Net income attributable to the Company for the three months ended June 30, 2026 increased 18% to $12.2 million from $10.3 million for the three months ended June 30, 2025, and decreased 80% from $59.5 million for the three months ended March 31, 2026Diluted earnings per share totaled $0.41 for the three months ended June 30, 2026, which was unchanged compared to $0.41 for the three months ended June 30, 2025, and decreased 80% from $2.09 for the three months ended March 31, 2026Adjusted net income before provision for income taxes, depreciation, amortization, acquisition costs, remeasurement gains or losses, and contingent consideration fair value adjustments (“Adjusted net income before provision for income taxes” or “Adjusted net income”), a non-GAAP financial performance measure, for the three months ended June 30, 2026 increased 29% to $24.7 million from $19.2 million for the three months ended June 30, 2025, and decreased 72% from $87.1 million for the three months ended March 31, 2026Earnings before interest, taxes, depreciation and amortization (“EBITDA”), a non-GAAP liquidity measure, for the three months ended June 30, 2026 decreased 3% to $28.2 million from $29.2 million for the three months ended June 30, 2025, and decreased 73% from $103.4 million for the three months ended March 31, 2026    Year Ended June 30,     2026   2025     (in thousands, except Earnings per Share)             Selected Key Financial Statement Metrics:         Revenues $25,513,409   $10,978,614   Gross profit $453,144   $210,916   Depreciation and amortization expense $(34,752)  $(22,920)  Net income attributable to the Company $82,341   $17,320             Earnings per Share:         Basic $3.11   $0.73   Diluted $3.02   $0.71             Non-GAAP Measures (1):         Adjusted net income before provision for income taxes $139,940   $53,059   EBITDA $179,750   $64,445             (1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 23-25                  A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the years ended June 30, 2026 and 2025 follows (in thousands):                Year Ended June 30,     2026   2025             Net income before provision for income taxes $109,522   $21,270   Adjustments:         Remeasurement (gain) loss on pre-existing equity interests  (4,136)   5,143   Contingent consideration fair value adjustment  (890)   (1,140)  Acquisition costs  692    4,866   Amortization of acquired intangibles  24,362    18,316   Depreciation expense  10,390    4,604   Adjusted net income before provision for income taxes (non-GAAP) $139,940   $53,059             Fiscal Full Year 2026 Financial Highlights

Revenues for the fiscal year ended June 30, 2026 increased 132% to $25.513 billion from $10.979 billion for the fiscal year ended June 30, 2025Gross profit for the fiscal year ended June 30, 2026 increased 115% to $453.1 million from $210.9 million for the fiscal year ended June 30, 2025Gross profit margin for the fiscal year ended June 30, 2026 decreased to 1.78% of revenue from 1.92% of revenue for the fiscal year ended June 30, 2025Net income attributable to the Company for the fiscal year ended June 30, 2026 increased 375% to $82.3 million from $17.3 million for the fiscal year ended June 30, 2025Diluted earnings per share totaled $3.02 for the fiscal year ended June 30, 2026, a 325% increase compared to $0.71 for the fiscal year ended June 30, 2025Adjusted net income for the fiscal year ended June 30, 2026 increased 164% to $139.9 million from $53.1 million for the fiscal year ended June 30, 2025EBITDA for the fiscal year ended June 30, 2026 increased 179% to $179.8 million from $64.4 million for the fiscal year ended June 30, 2025    Three Months Ended June 30,     2026   2025  Selected Operating and Financial Metrics:
         Gold ounces sold (1)  521,000    346,000   Silver ounces sold (2)  15,317,500    15,664,000   Number of secured loans at period end (3)  367    445   Secured loans receivable at period end $115,128,000   $94,037,000   Direct-to-Consumer ("DTC") number of new customers (4)  67,900    108,900   Direct-to-Consumer number of active customers (5)  160,700    170,600   Direct-to-Consumer number of total customers (6)  4,722,300    4,196,000   Direct-to-Consumer average order value ("AOV") (7) $3,556   $2,443   JM Bullion ("JMB") average order value (8) $2,716   $2,415   CyberMetals number of new customers (9)  1,300    1,800   CyberMetals number of active customers (10)  1,600    1,700   CyberMetals number of total customers (11)  42,600    37,000   CyberMetals customer assets under management at period end (12) $16,600,000   $10,700,000                       (1) Gold ounces sold represents the ounces of gold product sold and delivered to the customer during the period, excluding ounces of gold recorded on forward contracts. Metrics from Spectrum Group International, LLC (“SGI”) and Pinehurst Coin Exchange, Inc. (“Pinehurst”) are included from February 28, 2025, metrics from AMS Holding, LLC (“AMS”) are included from April 1, 2025, metrics from Monex Deposit Company (“Monex”) are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (2) Silver ounces sold represents the ounces of silver product sold and delivered to the customer during the period, excluding ounces of silver recorded on forward contracts. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (3) Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period. (4) DTC number of new customers represents the number of customers that have registered or set up a new account or made a purchase for the first time during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (5) DTC number of active customers represents the number of customers that have made a purchase during any month during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (6) DTC number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (7) DTC AOV represents the average dollar value of product orders (excluding accumulation program orders) delivered to the customer during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (8) JMB AOV represents the average dollar value of product orders delivered to JMB's customers during the period. (9) CyberMetals number of new customers represents the number of customers that have registered or set up a new account or have made a purchase for the first time during the period on the CyberMetals platform. (10) CyberMetals number of active customers represents the number of customers that have made a purchase during any month during the period from the CyberMetals platform. (11) CyberMetals number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past from the CyberMetals platform. (12) CyberMetals customer assets under management represents the total value of assets managed by the Company on behalf of CyberMetals customers.    Three Months Ended     June 30, 2026   March 31, 2026  Selected Operating and Financial Metrics:
         Gold ounces sold (1)  521,000    527,000   Silver ounces sold (2)  15,317,500    29,220,000   Number of secured loans at period end (3)  367    337   Secured loans receivable at period end $115,128,000   $126,034,000   Direct-to-Consumer ("DTC") number of new customers (4)  67,900    292,900   Direct-to-Consumer number of active customers (5)  160,700    246,000   Direct-to-Consumer number of total customers (6)  4,722,300    4,654,400   Direct-to-Consumer average order value ("AOV") (7) $3,556   $5,618   JM Bullion ("JMB") average order value (8) $2,716   $3,056   CyberMetals number of new customers (9)  1,300    1,300   CyberMetals number of active customers (10)  1,600    2,200   CyberMetals number of total customers (11)  42,600    41,300   CyberMetals customer assets under management at period end (12) $16,600,000   $20,100,000                       (1) Gold ounces sold represents the ounces of gold product sold and delivered to the customer during the period, excluding ounces of gold recorded on forward contracts. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (2) Silver ounces sold represents the ounces of silver product sold and delivered to the customer during the period, excluding ounces of silver recorded on forward contracts. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (3) Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period. (4) DTC number of new customers represents the number of customers that have registered or set up a new account or made a purchase for the first time during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (5) DTC number of active customers represents the number of customers that have made a purchase during any month during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (6) DTC number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (7) DTC AOV represents the average dollar value of product orders (excluding accumulation program orders) delivered to the customer during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (8) JMB AOV represents the average dollar value of product orders delivered to JMB's customers during the period. (9) CyberMetals number of new customers represents the number of customers that have registered or set up a new account or have made a purchase for the first time during the period on the CyberMetals platform. (10) CyberMetals number of active customers represents the number of customers that have made a purchase during any month during the period from the CyberMetals platform. (11) CyberMetals number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past from the CyberMetals platform. (12) CyberMetals customer assets under management represents the total value of assets managed by the Company on behalf of CyberMetals customers. Fiscal Fourth Quarter 2026 Operational Highlights

Gold ounces sold in the three months ended June 30, 2026 increased 51% to 521,000 ounces from 346,000 ounces for the three months ended June 30, 2025, and decreased 1% from 527,000 ounces for the three months ended March 31, 2026Silver ounces sold in the three months ended June 30, 2026 decreased 2% to 15.3 million ounces from 15.7 million ounces for the three months ended June 30, 2025, and decreased 48% from 29.2 million ounces for the three months ended March 31, 2026As of June 30, 2026, the number of secured loans decreased 18% to 367 from 445 as of June 30, 2025, and increased 9% from 337 as of March 31, 2026Direct-to-Consumer new customers for the three months ended June 30, 2026 decreased 38% to 67,900 from 108,900 for the three months ended June 30, 2025, and decreased 77% from 292,900 for the three months ended March 31, 2026.  For the three months ended March 31, 2026, approximately 58% of the new customers were attributable to the acquisition of Monex.  For the three months ended June 30, 2025, approximately 30% percent of the new customers were attributable to the acquisition of AMSDirect-to-Consumer active customers for the three months ended June 30, 2026 decreased 6% to 160,700 from 170,600 for the three months ended June 30, 2025, and decreased 35% from 246,000 for the three months ended March 31, 2026Direct-to-Consumer average order value for the three months ended June 30, 2026 increased $1,113, or 46% to $3,556 from $2,443 for the three months ended June 30, 2025, and decreased $2,062, or 37%, from $5,618 for the three months ended March 31, 2026JM Bullion’s average order value for the three months ended June 30, 2026 increased $301, or 12% to $2,716 from $2,415 for the three months ended June 30, 2025, and decreased $340, or 11%, from $3,056 for the three months ended March 31, 2026     Year Ended June 30,     2026   2025  Selected Operating and Financial Metrics:
         Gold ounces sold (1)  2,032,000    1,642,000   Silver ounces sold (2)  73,563,500    73,643,000   Number of secured loans at period end (3)  367    445   Secured loans receivable at period end $115,128,000   $94,037,000   Direct-to-Consumer ("DTC") number of new customers (4)  526,300    1,129,200   Direct-to-Consumer number of active customers (5)  783,100    581,300   Direct-to-Consumer number of total customers (6)  4,722,300    4,196,000   Direct-to-Consumer average order value ("AOV") (7) $4,642   $2,866   JM Bullion ("JMB") average order value (8) $2,794   $2,156   CyberMetals number of new customers (9)  5,700    7,400   CyberMetals number of active customers (10)  7,500    6,800   CyberMetals number of total customers (11)  42,600    37,000   CyberMetals customer assets under management at period end (12) $16,600,000   $10,700,000                       (1) Gold ounces sold represents the ounces of gold product sold and delivered to the customer during the period, excluding ounces of gold recorded on forward contracts. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (2) Silver ounces sold represents the ounces of silver product sold and delivered to the customer during the period, excluding ounces of silver recorded on forward contracts. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (3) Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period. (4) DTC number of new customers represents the number of customers that have registered or set up a new account or made a purchase for the first time during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (5) DTC number of active customers represents the number of customers that have made a purchase during any month during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (6) DTC number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (7) DTC AOV represents the average dollar value of product orders (excluding accumulation program orders) delivered to the customer during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (8) JMB AOV represents the average dollar value of product orders delivered to JMB's customers during the period. (9) CyberMetals number of new customers represents the number of customers that have registered or set up a new account or have made a purchase for the first time during the period on the CyberMetals platform. (10) CyberMetals number of active customers represents the number of customers that have made a purchase during any month during the period from the CyberMetals platform. (11) CyberMetals number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past from the CyberMetals platform. (12) CyberMetals customer assets under management represents the total value of assets managed by the Company on behalf of CyberMetals customers. Fiscal Full Year 2026 Operational Highlights

Gold ounces sold in the fiscal year ended June 30, 2026 increased 24% to 2,032,000 ounces compared to 1,642,000 ounces in the fiscal year ended June 30, 2025Silver ounces sold in the fiscal year ended June 30, 2026 remained relatively unchanged at 73.6 million ounces compared to 73.6 million ounces in the fiscal year ended June 30, 2025Direct-to-Consumer new customers for the fiscal year ended June 30, 2026 decreased 53% to 526,300 from 1,129,200 for the fiscal year ended June 30, 2025.  Approximately 33% of the new customers for the fiscal year ended June 30, 2026 were attributable to the acquisition of Monex.  Approximately 79% of the new customers for the fiscal year ended June 30, 2025 were attributable to the acquisitions of SGI, Pinehurst and AMSDirect-to-Consumer active customers for the fiscal year ended June 30, 2026 increased 35% to 783,100 from 581,300 for the fiscal year ended June 30, 2025Direct-to-Consumer average order value for the fiscal year ended June 30, 2026 increased $1,776, or 62% to $4,642 from $2,866 for the fiscal year ended June 30, 2025JM Bullion’s average order value for the fiscal year ended June 30, 2026 increased $638, or 30% to $2,794 from $2,156 for the fiscal year ended June 30, 2025  Fiscal Fourth Quarter 2026 Financial Summary

Revenues increased 99% to $5.005 billion from $2.512 billion in the same year-ago quarter. Excluding an increase of $0.9 billion of forward sales, our revenues increased $1.596 billion, or 94%, which was due to higher average selling prices of gold and silver as well as an increase in gold ounces sold, partially offset by a decrease in silver ounces sold. Revenues also increased due to the acquisitions of Monex in January 2026 and SMI in April 2026. 

Gross profit increased 35% to $110.3 million (2.20% of revenue) from $81.7 million (3.25% of revenue) in the same year-ago quarter. The overall gross profit increase was due to an increase in gross profits earned by both the Wholesale Sales & Ancillary Services segment and the Direct-to-Consumer segment, including the acquisitions of Monex and SMI, which were not included in the same year-ago period. The Direct-to-Consumer segment contributed 66% and 63% of the consolidated gross profit in the fiscal fourth quarters of 2026 and 2025, respectively.

Selling, general and administrative expenses increased 46% to $77.9 million from $53.4 million in the same year-ago quarter. The change was primarily due to an increase in compensation expense (including performance-based accruals) of $17.1 million, higher advertising costs of $2.2 million, an increase in insurance costs of $2.7 million, consulting and professional fees of $1.4 million, an increase in facilities expense of $0.5 million, and an increase in bank service and credit card fees of $0.2 million.  Selling, general and administrative expenses for the three months ended June 30, 2026 included $8.2 million of expenses incurred by Monex and SMI, which were not included in the same year-ago period. Excluding the increase from newly acquired subsidiaries, our selling, general and administrative expenses increased $16.3 million from the prior year period.

Depreciation and amortization expense increased 18% to $10.1 million from $8.6 million in the same year-ago quarter. The change was primarily due to an increase in depreciation expense of $1.2 million due to an increase in capital expenditures, an increase in amortization expense of $1.9 million relating to an increase in intangible asset amortization from intangible assets acquired through our acquisitions of Monex and SMI, partially offset by a decrease of $1.6 million in SGI, AMS and SGB intangible asset amortization.

Interest income increased 40% to $7.5 million from $5.3 million in the same year-ago quarter. The aggregate increase in interest income was due to an increase in interest income earned by our Secured Lending segment of $0.8 million, a $0.7 million increase in interest income earned by our DTC segment, and a $0.6 million increase in interest earned by our Wholesale Sales & Ancillary Services segment.  

Interest expense increased 3% to $13.2 million from $12.9 million in the same year-ago quarter. The increase in interest expense was primarily due to an increase of $5.3 million related to precious metals leases driven by higher overall borrowings, partially offset by a decrease in interest rates, higher interest and fees of $0.8 million related to product financing arrangements due to higher interest rates and fees, and an increase of $0.7 million of other related interest charges, partially offset by a decrease of $6.4 million associated with our Trading Credit Facility due to reduced borrowings.

Earnings (losses) from equity method investments increased 364% to earnings of $2.0 million from a loss of $0.8 million in the same year-ago quarter. 

Net income attributable to the Company totaled $12.2 million or $0.41 per diluted share, compared to net income of $10.3 million or $0.41 per diluted share in the same year-ago quarter.

Adjusted net income before provision for income taxes for the three months ended June 30, 2026 totaled $24.7 million, an increase of $5.6 million or 29% compared to $19.2 million in the same year-ago quarter.

EBITDA for the three months ended June 30, 2026 totaled $28.2 million, a decrease of $1.0 million or 3% compared to $29.2 million in the same year-ago quarter.

Fiscal Full Year 2026 Financial Summary

Revenues increased 132% to $25.513 billion from $10.979 billion in the prior fiscal year. Excluding an increase of $8.323 billion of forward sales, our revenues increased $6.205 billion, or 95%, which was due to higher average selling prices of gold and silver as well as an increase in gold ounces sold, partially offset by a decrease in silver ounces sold. Revenues also increased due to the acquisitions of SGI and Pinehurst in February 2025, AMS in April 2025, Monex in January 2026, and SMI in April 2026. 

Gross profit increased 115% to $453.1 million (1.78% of revenue) in fiscal year 2026 from $210.9 million (1.92% of revenue) in the prior year. The overall gross profit increase was due to an increase in gross profits earned by both the Wholesale Sales & Ancillary Services segment and the Direct-to-Consumer segment, including the acquisitions of Monex and SMI, which were not included in the same year-ago period, and SGI, Pinehurst, and AMS, which were only partially included in the same year-ago period. The Direct-to-Consumer segment contributed 69% and 59% of the consolidated gross profit in fiscal year 2026 and 2025, respectively.

Selling, general and administrative expenses increased 98% to $275.6 million from $139.2 million in the prior fiscal year. The increase was primarily due to an increase in compensation expense of $85.8 million, higher advertising costs of $20.4 million, an increase in insurance costs of $8.7 million, an increase in consulting and professional fees of $7.4 million, an increase in bank service and credit card fees of $4.7 million, and an increase in facilities expense of $4.3 million. Selling, general and administrative expenses for the year ended June 30, 2026 included $104.3 million of expenses incurred by Monex and SMI, which were not included in the same year-ago period, and SGI, Pinehurst, and AMS, which were only partially included in the same year-ago period. Excluding the increase from newly acquired subsidiaries, our selling, general and administrative expenses increased $32.1 million from the prior year period.

Depreciation and amortization expense increased 52% to $34.8 million from $22.9 million in fiscal year 2025. The increase was primarily due to an increase in amortization expense of $11.6 million relating to an increase in intangible asset amortization from intangible assets acquired through our acquisitions of SGI, Pinehurst, AMS, Monex, and SMI, and an increase in depreciation expense of $5.8 million due to an increase in capital expenditures, partially offset by a decrease of $5.6 million in JMB and SGB intangible asset amortization.

Interest income decreased 1% to $25.6 million from $25.9 million in the prior fiscal year. The aggregate decrease in interest income was due to a $2.4 million decrease in interest earned by our Wholesale Sales & Ancillary Services segment, partially offset by an increase in interest earned by our Secured Lending segment of $1.0 million and an increase in interest earned by our DTC segment of $1.1 million.

Interest expense increased 32% to $61.1 million from $46.2 million in fiscal year 2025.  The increase in interest expense was primarily due to an increase of $11.0 million related to precious metals leases driven by higher overall borrowings, partially offset by a decrease in interest rates, an increase of $8.0 million related to product financing arrangements due to higher interest rates and fees, partially offset by a decrease of $5.4 million associated with our Trading Credit Facility due to reduced borrowings.

Earnings (losses) from equity method investments increased 255% to earnings of $4.4 million from a loss of $2.8 million in the prior fiscal year.

Net income attributable to the Company totaled $82.3 million or $3.02 per diluted share, compared to net income attributable to the Company of $17.3 million or $0.71 per diluted share in the prior fiscal year.

Adjusted net income before provision for income taxes for the fiscal year ended June 30, 2026 totaled $139.9 million, an increase of $86.9 million or 164% compared to $53.1 million in the prior fiscal year.

EBITDA for fiscal year 2026 totaled $179.8 million, an increase of $115.3 million or 179% compared to $64.4 million in the prior fiscal year.

Special Dividend

Gold.com’s Board of Directors has declared a special cash dividend of $1.00 per share that is payable on September 28, 2026 to stockholders of record as of September 16, 2026. 

Quarterly Cash Dividend

Gold.com’s Board of Directors has declared a quarterly cash dividend of $0.20 per share, maintaining the company's current dividend program. The dividend is payable on September 28, 2026 to stockholders of record as of September 16, 2026 . 

Conference Call

Gold.com will hold a conference call today (September 2, 2026) to discuss these financial results. Gold.com management will host the call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) followed by a question-and-answer period.

To participate, please call the conference telephone number 10 minutes before the start time and ask for the Gold.com conference call.

Webcast: https://www.webcaster5.com/Webcast/Page/2867/54373
U.S. dial-in number: 1-888-506-0062
International number: 1-973-528-0011
Participant Access Code: 327594

The call will also be broadcast live and available for replay on the Investor Relations section of Gold.com’s website at ir.gold.com. If you have any difficulty connecting with the conference call or webcast, please contact Gold.com’s investor relations team at 1-646-277-1260.

A replay of the call will be available after 7:30 p.m. Eastern time through September 2, 2027.

Toll-free replay number: 1-877-481-4010
International replay number: 1-919-882-2331
Participant Access Code: 54373

About Gold.com, Inc.

Gold.com builds on gold’s storied history and heritage to define the future of alternative asset management. Founded in 1965, Gold.com offers comprehensive solutions for all aspects of the precious metals (gold, silver, platinum, and palladium) and collectibles (including rare coins and currency) value chains. Its vertically integrated platform combines market expertise with state-of-the-art logistics, financing, and minting capabilities to serve customers, collectors, and institutional clients globally.

Gold.com’s direct-to-consumer marketplace, anchored by flagship brands JMBullion.com, Stack’s Bowers Galleries, GovMint.com, Monex Precious Metals, and Goldline, has served millions of customers. The Company’s trading and wholesale sales platform, which operates as A-Mark Precious Metals, maintains distribution and finance focused relationships with a network of sovereign and private mints and has been an “authorized purchaser” of the United States Mint since 1986. This platform is supported by the Company’s minting and refining operations which include Sunshine Minting and Silver Towne Mint, whose facilities can collectively produce in excess of three million ounces of finished precious metals products per week. Gold.com’s Collateral Finance Corporation secured lending subsidiary, CFCGoldLoans.com, extends bullion, numismatic, and graded sports card loans, while A-Mark Global Logistics supports the Company’s operations with airport-adjacent distribution centers and IRA-approved storage depositories.

Gold.com is headquartered in Costa Mesa, California, and operates across the United States, Canada, the United Kingdom, Europe, Hong Kong, and Singapore. Learn more at www.gold.com.

Gold.com periodically provides information for investors on its corporate website, www.gold.com and its investor relations website, ir.gold.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and investor presentations.

Important Cautions Regarding Forward-Looking Statements

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These include statements regarding expectations with respect to growth, increasing market share and the delivery of long-term value. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results or circumstances to differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ include the following: The failure to execute the Company’s growth strategy, including the inability to identify suitable or available acquisition or investment opportunities; greater than anticipated costs incurred to execute this strategy; our inability to execute on our cost containment and expense reduction programs; government regulations that might impede growth, particularly in Asia, including with respect to tariff policy; the inability to successfully integrate our recently acquired businesses; changes in the current international political climate, which historically has favorably contributed to demand and volatility in the precious metals markets but also has posed certain risks and uncertainties for the Company; increased competition for the Company’s higher margin services, which could depress pricing; the failure of the Company’s business model to respond to changes in the market environment as anticipated; changes in consumer demand and preferences for precious metal products generally; potential negative effects that inflationary pressure may have on our business; the failure of our investee companies to maintain, or address the preferences of, their customer bases; general risks of doing business in the commodity markets; and the strategic, business, economic, financial, political and governmental risks and other Risk Factors described in in the Company’s public filings with the Securities and Exchange Commission.

The Company undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

Use and Reconciliation of Non-GAAP Measures

In addition to presenting the Company’s financial results determined in accordance with U.S. GAAP, management believes the following non-GAAP measures are useful in evaluating the Company’s operating performance: “adjusted net income before provision for income taxes” and “earnings before interest, taxes, depreciation and amortization” (“EBITDA”). Management believes the “adjusted net income before provision for income taxes” non-GAAP financial performance measure assists investors and analysts by facilitating comparison of period-to-period operational performance on a consistent basis by excluding items that management does not believe are indicative of the Company’s core operating performance. The items excluded from this financial measure may have a material impact on the Company’s financial results. Certain of those items are non-recurring, while others are non-cash in nature. Management believes the EBITDA non-GAAP liquidity measure assists investors and analysts by facilitating comparison of our business operations before investing activities, interest, and income taxes with other publicly traded companies. Non-GAAP measures do not have standardized definitions and should be considered in addition to, and not as a substitute for or superior to, the comparable measures prepared in accordance with U.S. GAAP, and should be read in conjunction with the financial statements included in the Company’s Annual Report on Form 10-K to be filed with the SEC. Management encourages investors and others to review the Company’s financial information in its entirety and not to rely on any single financial or liquidity measure.

In the Company’s reconciliation from its reported U.S. GAAP “net income before provision for income taxes” to its non-GAAP “adjusted net income before provision for income taxes”, the Company eliminates the impact of the following five amounts: acquisition costs; amortization expenses related to intangible assets acquired; depreciation expense; remeasurement gains or losses related to pre-existing equity interests; and contingent consideration fair value adjustments. The Company’s reconciliations from its reported U.S. GAAP “net income before provision for income taxes” to its non-GAAP “adjusted net income before provision for income taxes”, and “net income” and “net cash provided by (used in) operating activities” to its non-GAAP “EBITDA” are provided below and are also included in the Company’s Annual Report on Form 10-K to be filed with the SEC for the fiscal year ended June 30, 2026.

Company Contact:
Steve Reiner, Executive Vice President, Capital Markets & Investor Relations
Gold.com, Inc.
1-310-587-1410
[email protected]

Investor Relations Contact:
Reed Anderson, ICR
646-277-1260
[email protected]
[email protected]

GOLD.COM, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except for share data)   June 30, 2026
 June 30, 2025
  (unaudited)    ASSETS      Current assets      Cash $577,976  $77,741 Receivables, net  196,037   137,723 Derivative assets  317,976   134,515 Secured loans receivable  115,128   94,037 Inventories:      Inventories  1,561,851   794,812 Restricted inventories  798,485   484,733      2,360,336   1,279,545 Income tax receivable  2,148   4,575 Prepaid expenses and other assets  34,750   15,359 Total current assets  3,604,351   1,743,495 Operating lease right of use assets  31,659   22,843 Property, plant, and equipment, net  71,064   45,509 Goodwill  250,803   228,650 Intangibles, net  146,318   137,314 Long-term investments  26,986   33,015 Other long-term assets  5,738   4,605 Total assets $4,136,919  $2,215,431 LIABILITIES AND STOCKHOLDERS’ EQUITY      Current liabilities      Liabilities on borrowed metals $776,061  $46,051 Product financing arrangements  89,249   484,733 Accounts payable and other payables  38,778   22,248 Deferred revenue and other advances  2,139,974   426,904 Derivative liabilities  39,918   96,177 Accrued liabilities  58,789   34,021 Notes payable  4,000   3,994 Total current liabilities  3,146,769   1,114,128 Lines of credit  —   345,000 Notes payable  206   3,349 Deferred tax liabilities  14,615   18,335 Other liabilities  36,963   31,948 Total liabilities  3,198,553   1,512,760 Commitments and contingencies      Stockholders’ equity      Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of June 30, 2026 or June 30, 2025  —   — Common stock, par value $0.01; 40,000,000 shares authorized; 29,121,293 and 24,639,386 shares issued and outstanding as of June 30, 2026 and June 30, 2025, respectively  292   247 Additional paid-in capital  351,545   184,998 Accumulated other comprehensive income  140   212 Retained earnings  523,736   464,059 Total Gold.com, Inc. stockholders’ equity  875,713   649,516 Noncontrolling interests  62,653   53,155 Total stockholders’ equity  938,366   702,671 Total liabilities and stockholders’ equity $4,136,919  $2,215,431  GOLD.COM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except for share and per share data; unaudited)      Year Ended June 30,   2026  2025  2024 Revenues $25,513,409  $10,978,614  $9,699,039 Cost of sales  25,060,265   10,767,698   9,525,784 Gross profit  453,144   210,916   173,255 Selling, general, and administrative expenses  (275,582)  (139,193)  (89,800)Depreciation and amortization expense  (34,752)  (22,920)  (11,397)Interest income  25,634   25,948   27,168 Interest expense  (61,110)  (46,203)  (39,531)Earnings (losses) from equity method investments  4,391   (2,825)  4,044 Other (expense) income, net  (1,927)  2,031   2,071 Remeasurement gain (loss) on pre-existing equity interests  4,136   (5,143)  16,669 Gains (losses) on foreign exchange  (4,412)  (1,341)  299 Net income before provision for income taxes  109,522   21,270   82,778 Income tax expense  (20,907)  (5,426)  (13,745)Net income  88,615   15,844   69,033 Net (loss) income attributable to noncontrolling interests  6,274   (1,476)  487 Net income attributable to the Company $82,341  $17,320  $68,546 Basic and diluted net income per share attributable to Gold.com, Inc.:         Basic $3.11  $0.73  $2.97 Diluted $3.02  $0.71  $2.84           Weighted-average shares outstanding:         Basic  26,435,700   23,625,900   23,091,700 Diluted  27,262,600   24,441,500   24,120,800  GOLD.COM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands; unaudited)
      Year Ended June 30,   2026  2025  2024 Cash flows from operating activities:         Net income $88,615  $15,844  $69,033 Adjustments to reconcile net income to net cash flows from operating activities:         Depreciation and amortization  34,752   22,920   11,397 Amortization of loan cost  4,267   4,092   2,447 Share-based compensation  2,407   1,594   1,923 Remeasurement (gain) loss on pre-existing equity interests  (4,136)  5,143   (16,669)Losses (earnings) from equity method investments  (4,391)  2,825   (4,044)Other  181   (3,960)  (2,214)Changes in assets and liabilities:         Receivables, net  (32,126)  (57,604)  16,754 Secured loans made to affiliates  —   16   56 Derivative assets  (181,458)  (18,992)  (36,243)Income tax receivable  2,427   (606)  — Precious metals held under financing arrangements  —   —   3,464 Inventories  (158,855)  (22,072)  (52,758)Prepaid expenses and other assets  (923)  (3,386)  (1,168)Accounts payable and other payables  5,661   (17,354)  (16,285)Deferred revenue and other advances (including amounts from related parties of $1,453,942, $0, and $0 during the years ended June 30, 2026 2025, and 2024, respectively)  1,583,854   150,156   65,180 Derivative liabilities  (56,259)  69,109   18,265 Liabilities on borrowed metals  (71,011)  14,058   9,878 Accrued liabilities  9,779   (9,436)  (7,097)Income tax payable  —   —   (985)Net cash provided by operating activities  1,222,784   152,347   60,934 Cash flows from investing activities:         Capital expenditures for property, plant, and equipment  (12,708)  (10,678)  (7,256)Acquisition of businesses, net of cash acquired  (35,074)  (114,609)  (31,871)Purchase of long-term investments  (6,400)  —   (2,113)Purchase of stablecoin  (20,000)  —   — Purchase of intangible assets  (1,720)  —   (8,515)Secured loans receivable, net  (21,081)  19,035   (12,489)Purchase of marketable securities  —   (2,549)  — Proceeds from sale of marketable securities  —   4,213   — Other  6,905   (77)  (1,353)Net cash used in investing activities  (90,078)  (104,665)  (63,597)Cash flows from financing activities:         Product financing arrangements, net  (395,484)  (85,031)  157,541 Dividends paid  (22,504)  (18,804)  (41,845)Borrowings under lines of credit  3,472,500   1,960,000   1,893,000 Repayments under lines of credit  (3,817,500)  (1,860,000)  (1,883,000)Repayment of notes  —   (197)  (95,000)Proceeds from notes payable to related party  —   —   3,448 Repayments on notes payable to related party  —   (8,367)  — Net proceeds from the issuance of common stock  140,038   —   — Repurchases of common stock  —   (901)  (22,307)Repurchases of common stock from a related party  —   (4,219)  — Debt funding issuance costs  (2,641)  (4,186)  (3,323)Proceeds from the exercise of share-based awards  3,712   3,305   1,962 Payments for tax withholding related to net settlement of share-based awards  (785)  (177)  (546)Other  (9,807)  —   2,051 Net cash (used in) provided by financing activities  (632,471)  (18,577)  11,981 Net increase in cash  500,235   29,105   9,318 Cash, beginning of period  77,741   48,636   39,318 Cash, end of period $577,976  $77,741  $48,636 
Overview of Results of Operations for the Three Months Ended June 30, 2026 and 2025

Consolidated Results of Operations

The operating results for the three months ended June 30, 2026 and 2025 were as follows (in thousands, except per share data):

          Three Months Ended June 30, 2026  2025  Change   $  % of revenue  $  % of revenue  $  % Revenues $5,005,014  100.000% $2,512,048  100.000% $2,492,966  99.2%Gross profit  110,297  2.204%  81,689  3.252% $28,608  35.0%Selling, general, and administrative expenses  (77,941) (1.557%)  (53,418) (2.126%) $24,523  45.9%Depreciation and amortization expense  (10,115) (0.202%)  (8,576) (0.341%) $1,539  17.9%Interest income  7,457  0.149%  5,345  0.213% $2,112  39.5%Interest expense  (13,227) (0.264%)  (12,902) (0.514%) $325  2.5%Earnings (losses) from equity method investments  2,037  0.041%  (771) (0.031%) $2,808  364.2%Other (expense) income, net  (9,033) (0.180%)  199  0.008% $(9,232) (4,639.2%)Remeasurement gain on pre-existing equity interests  4,136  0.083%  1,900  0.076% $2,236  117.7%Losses on foreign exchange  (1,308) (0.026%)  (446) (0.018%) $862  193.3%Net income before provision for income taxes  12,303  0.246%  13,020  0.518% $(717) (5.5%)Income tax expense  (282) (0.006%)  (2,860) (0.114%) $(2,578) (90.1%)Net income  12,021  0.240%  10,160  0.404% $1,861  18.3%Net loss attributable to noncontrolling interests  (136) (0.003%)  (164) (0.007%) $(28) (17.1%)Net income attributable to the Company $12,157  0.243% $10,324  0.411% $1,833  17.8%                   Basic and diluted net income per share attributable
 to Gold.com, Inc.:                                   Per Share Data:                  Basic $0.42     $0.42     $—  —%Diluted $0.41     $0.41     $—  —% Overview of Results of Operations for the Three Months Ended June 30, 2026 and March 31, 2026

Consolidated Results of Operations

The operating results for the three months ended June 30, 2026 and March 31, 2026 were as follows (in thousands, except per share data):

                   Three Months Ended June 30, 2026  March 31, 2026  Change   $  % of
revenue  $  % of
revenue  $  % Revenues $5,005,014  100.000% $10,350,729  100.000% $(5,345,715) (51.6%)Gross profit  110,297  2.204%  176,580  1.706% $(66,283) (37.5%)Selling, general, and administrative expenses  (77,941) (1.557%)  (78,035) (0.754%) $(94) (0.1%)Depreciation and amortization expense  (10,115) (0.202%)  (9,416) (0.091%) $699  7.4%Interest income  7,457  0.149%  6,817  0.066% $640  9.4%Interest expense  (13,227) (0.264%)  (19,030) (0.184%) $(5,803) (30.5%)Earnings from equity method investments  2,037  0.041%  2,253  0.022% $(216) (9.6%)Other (expense) income, net  (9,033) (0.180%)  4,623  0.045% $(13,656) (295.4%)Remeasurement gain on pre-existing equity interests  4,136  0.083%  —  —% $4,136  —%Losses on foreign exchange  (1,308) (0.026%)  (2,039) (0.020%) $(731) (35.9%)Net income before provision for income taxes  12,303  0.246%  81,753  0.790% $(69,450) (85.0%)Income tax expense  (282) (0.006%)  (17,716) (0.171%) $(17,434) (98.4%)Net income  12,021  0.240%  64,037  0.619% $(52,016) (81.2%)Net (loss) income attributable to noncontrolling interests  (136) (0.003%)  4,550  0.044% $(4,686) (103.0%)Net income attributable to the Company $12,157  0.243% $59,487  0.575% $(47,330) (79.6%)                   Basic and diluted net income per share attributable to Gold.com, Inc.:                                     Per Share Data:                  Basic $0.42     $2.17     $(1.75) (80.6%)Diluted $0.41     $2.09     $(1.68) (80.4%) Overview of Results of Operations for the Years Ended June 30, 2026 and 2025

Consolidated Results of Operations

The operating results for the years ended June 30, 2026 and 2025 were as follows (in thousands, except per share data):

Year Ended June 30, 2026  2025  Change   $  % of revenue  $  % of revenue  $  % Revenues $25,513,409  100.000% $10,978,614  100.000% $14,534,795  132.4%Gross profit  453,144  1.776%  210,916  1.921% $242,228  114.8%Selling, general, and administrative expenses  (275,582) (1.080%)  (139,193) (1.268%) $136,389  98.0%Depreciation and amortization expense  (34,752) (0.136%)  (22,920) (0.209%) $11,832  51.6%Interest income  25,634  0.100%  25,948  0.236% $(314) (1.2%)Interest expense  (61,110) (0.240%)  (46,203) (0.421%) $14,907  32.3%Earnings (losses) from equity method investments  4,391  0.017%  (2,825) (0.026%) $7,216  255.4%Other (expense) income, net  (1,927) (0.008%)  2,031  0.018% $(3,958) (194.9%)Remeasurement gain (loss) on pre-existing equity interests  4,136  0.016%  (5,143) (0.047%) $9,279  180.4%Losses on foreign exchange  (4,412) (0.017%)  (1,341) (0.012%) $3,071  229.0%Net income before provision for income taxes  109,522  0.429%  21,270  0.194% $88,252  414.9%Income tax expense  (20,907) (0.082%)  (5,426) (0.049%) $15,481  285.3%Net income  88,615  0.347%  15,844  0.144% $72,771  459.3%Net income (loss) attributable to noncontrolling interests  6,274  0.025%  (1,476) (0.013%) $7,750  525.1%Net income attributable to the Company $82,341  0.323% $17,320  0.158% $65,021  375.4%                   Basic and diluted net income per share attributable to Gold.com, Inc.:                                   Per Share Data:                  Basic $3.11     $0.73     $2.38  326.0%Diluted $3.02     $0.71     $2.31  325.4% Reconciliation of U.S. GAAP to Non-GAAP Measures for the Three Months Ended June 30, 2026 and 2025

A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended June 30, 2026 and 2025 follows (in thousands):

Three Months Ended June 30, 2026  2025  Change   $  $  $  % Net income before provision for income taxes $12,303  $13,020  $(717)  (5.5%)Adjustments:            Remeasurement gain on pre-existing equity interests  (4,136)  (1,900) $2,236   117.7%Contingent consideration fair value adjustment  6,327   (10) $6,337   63,370.0%Acquisition costs  132   (523) $655   125.2%Amortization of acquired intangibles  7,004   6,658  $346   5.2%Depreciation expense  3,111   1,918  $1,193   62.2%Adjusted net income before provision for income taxes (non-GAAP) $24,741  $19,163  $5,578   29.1%
A reconciliation of net income to EBITDA, and operating cash flows to EBITDA for the three months ended June 30, 2026 and 2025 follows (in thousands):

Three Months Ended June 30, 2026  2025  Change Reconciliation of Net Income to EBITDA: $  $  $  % Net income $12,021  $10,160  $1,861   18.3%Adjustments:            Interest income  (7,457)  (5,345) $2,112   39.5%Interest expense  13,227   12,902  $325   2.5%Amortization of acquired intangibles  7,004   6,658  $346   5.2%Depreciation expense  3,111   1,918  $1,193   62.2%Income tax expense  282   2,860  $(2,578)  (90.1%)   16,167   18,993  $(2,826)  (14.9%)             Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $28,188  $29,153  $(965)  (3.3%)             Reconciliation of Operating Cash Flows to EBITDA:            Net cash provided by operating activities $1,069,754  $66,966  $1,002,788   1,497.5%Changes in operating working capital  (1,050,328)  (49,665) $1,000,663   2,014.8%Interest expense  13,227   12,902  $325   2.5%Interest income  (7,457)  (5,345) $2,112   39.5%Income tax expense  282   2,860  $(2,578)  (90.1%)Earnings (losses) from equity method investments  2,037   (771) $2,808   364.2%Remeasurement gain on pre-existing equity interests  4,136   1,900  $2,236   117.7%Share-based compensation  (1,064)  (618) $446   72.2%Amortization of loan cost  (376)  (1,246) $(870)  (69.8%)Other  (2,023)  2,170  $(4,193)  (193.2%)Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $28,188  $29,153  $(965)  (3.3%) Reconciliation of U.S. GAAP to Non-GAAP Measures for the Three Months Ended June 30, 2026 and March 31, 2026

A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended June 30, 2026 and March 31, 2026 follows (in thousands):

Three Months Ended June 30,
2026  March 31,
2026  Change   $  $  $  % Net income before provision for income taxes $12,303   81,753  $(69,450)  (85.0%)Adjustments:            Remeasurement gain on pre-existing equity interests  (4,136)  —  $(4,136)  —%Contingent consideration fair value adjustment  6,327   (4,436) $10,763   242.6%Acquisition costs  132   378  $(246)  (65.1%)Amortization of acquired intangibles  7,004   6,975  $29   0.4%Depreciation expense  3,111   2,441  $670   27.4%Adjusted net income before provision for income taxes (non-GAAP) $24,741  $87,111  $(62,370)  (71.6%)
A reconciliation of net income to EBITDA, and operating cash flows to EBITDA for the three months ended June 30, 2026 and March 31, 2026 follows (in thousands):

Three Months Ended June 30,
2026  March 31,
2026  Change Reconciliation of Net Income to EBITDA: $  $  $  % Net income $12,021  $64,037  $(52,016)  (81.2%)Adjustments:            Interest income  (7,457)  (6,817) $640   9.4%Interest expense  13,227   19,030  $(5,803)  (30.5%)Amortization of acquired intangibles  7,004   6,975  $29   0.4%Depreciation expense  3,111   2,441  $670   27.4%Income tax expense  282   17,716  $(17,434)  (98.4%)   16,167   39,345  $(23,178)  (58.9%)              Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $28,188  $103,382  $(75,194)  (72.7%)             Reconciliation of Operating Cash Flows to EBITDA:            Net cash provided by operating activities $1,069,754  $235  $1,069,519   455,114.5%Changes in operating working capital  (1,050,328)  70,603  $(1,120,931)  (1,587.7%)Interest expense  13,227   19,030  $(5,803)  (30.5%)Interest income  (7,457)  (6,817) $640   9.4%Income tax expense  282   17,716  $(17,434)  (98.4%)Earnings from equity method investments  2,037   2,253  $(216)  (9.6%)Remeasurement gain on pre-existing equity interests  4,136   —  $4,136   —%Share-based compensation  (1,064)  (505) $559   110.7%Amortization of loan cost  (376)  (1,128) $(752)  (66.7%)Other  (2,023)  1,995  $(4,018)  (201.4%)Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $28,188  $103,382  $(75,194)  (72.7%) Reconciliation of U.S. GAAP to Non-GAAP Measures for the Full Year Ended June 30, 2026 and 2025

A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the years ended June 30, 2026 and 2025 follows (in thousands):

Year Ended June 30, 2026  2025  Change   $  $  $  % Net income before provision for income taxes $109,522  $21,270  $88,252   414.9%Adjustments:            Remeasurement (gain) loss on pre-existing equity interests  (4,136)  5,143  $(9,279)  (180.4%)Contingent consideration fair value adjustment  (890)  (1,140) $(250)  (21.9%)Acquisition costs  692   4,866  $(4,174)  (85.8%)Amortization of acquired intangibles  24,362   18,316  $6,046   33.0%Depreciation expense  10,390   4,604  $5,786   125.7%Adjusted net income before provision for income taxes (non-GAAP) $139,940  $53,059  $86,881   163.7%
A reconciliation of net income to EBITDA, and operating cash flows to EBITDA for the years ended June 30, 2026, 2025, and 2024 follows (in thousands):

Year Ended June 30, 2026  2025  Change Reconciliation of Net Income to EBITDA: $  $  $  % Net income $88,615  $15,844  $72,771   459.3%Adjustments:            Interest income  (25,634)  (25,948) $(314)  (1.2%)Interest expense  61,110   46,203  $14,907   32.3%Amortization of acquired intangibles  24,362   18,316  $6,046   33.0%Depreciation expense  10,390   4,604  $5,786   125.7%Income tax expense  20,907   5,426  $15,481   285.3%   91,135   48,601  $42,534   87.5%             Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $179,750  $64,445  $115,305   178.9%             Reconciliation of Operating Cash Flows to EBITDA:            Net cash provided by operating activities $1,222,784  $152,347  $1,070,437   702.6%Changes in operating working capital  (1,101,089)  (103,889) $997,200   959.9%Interest expense  61,110   46,203  $14,907   32.3%Interest income  (25,634)  (25,948) $(314)  (1.2%)Income tax expense  20,907   5,426  $15,481   285.3%Earnings (losses) from equity method investments  4,391   (2,825) $7,216   255.4%Remeasurement gain (loss) on pre-existing equity interests  4,136   (5,143) $9,279   180.4%Share-based compensation  (2,407)  (1,594) $813   51.0%Amortization of loan cost  (4,267)  (4,092) $175   4.3%Other  (181)  3,960  $(4,141)  (104.6%)Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $179,750  $64,445  $115,305   178.9%

Gold.com (GOLD - Free Report) ended the recent trading session at $46.85, demonstrating a +2.29% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.32% for the day. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 0.66%.

Shares of the precious metals trading company have appreciated by 11.41% over the course of the past month, outperforming the Finance sector's gain of 1.81%, and the S&P 500's gain of 3.34%.

The investment community will be closely monitoring the performance of Gold.com in its forthcoming earnings report. The company is scheduled to release its earnings on September 2, 2026. The company is forecasted to report an EPS of $0.96, showcasing a 26.32% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $7.76 billion, indicating a 209.04% growth compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $5.31 per share and revenue of $28.27 billion, which would represent changes of +144.7% and +157.52%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Goldcom. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Gold.com is currently sporting a Zacks Rank of #3 (Hold).

From a valuation perspective, Gold.com is currently exchanging hands at a Forward P/E ratio of 12.62. This represents a premium compared to its industry average Forward P/E of 11.85.

The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 101, putting it in the top 42% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?

Let's take a look at what these Wall Street heavyweights have to say about Gold.com (GOLD - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

Gold.com currently has an average brokerage recommendation (ABR) of 1.33, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 1.33 approximates between Strong Buy and Buy.

Of the six recommendations that derive the current ABR, five are Strong Buy, representing 83.3% of all recommendations.

Brokerage Recommendation Trends for GOLD

Check price target & stock forecast for Gold.com here>>>

While the ABR calls for buying Gold.com, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Is GOLD Worth Investing In?Looking at the earnings estimate revisions for Gold.com, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $5.31.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Gold.com. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Goldcom.

19.8.2026 17:34

Index Dow Jones +0,37 % na 53539,31 b. S&P 500 +0,5 % na 7730,3 b. Nasdaq Composite +0,4 % na 26394 b.

Ve středeční seanci americké indexy korigují předchozí úterní pokles, kdy během běžné seance klesl benchmark S&P 500 o 0,7 %, blue-chip Dow Jones Industrial Average ztratil 0,2 % a technologicky zaměřený Nasdaq Composite klesl o 1,3 %, což je jeho nejprudší pokles od 29. července. Investory  také trápí rostoucí výnosy amerických státních dluhopisů zvýšily diskontní sazbu uplatňovanou na budoucí zisky, což obzvláště silně zatížilo akcie rychle rostoucích technologických společností. Trh s dluhopisy zůstal klíčovým tématem, protože investoři se obávali inflace, fiskálních deficitů a vysokých vládních zadlužení. Výnos 30letých amerických státních dluhopisů ve středu mírně klesl poté, co v úterý vystoupal na nejvyšší úroveň od června 2007. Desetiletý výnos skončil na přibližně 4,71 %. Dnes bude také investory zajímat zápis z červencového zasedání Federálního rezervního systému, které má být zveřejněno dnes. Zápis bude určitě pod drobnohledem trhu a investorů, tj.  aby všichni získali vodítka k výhledu měnové  politiky poté, co tři regionální členové (  prezidenti  ) Fedu nesouhlasili s rozhodnutím ponechat úrokové sazby beze změny.  Dolar na páru s eurem dnes silněji ztrácí -0,67% tj. 1,1654 USD/EUR.

 V centru zájmu investorů je také ropa a podle dnešního reportu od EIA zásoby surové ropy ke dni 14.8. vzrostly o 4,405 mil. barelů, když analytici předpokládali menší nárůst o 0,2 mil. barelů. Lehká ropa s oslabujícím dolarem tak přidává 0,5% a dostává se k úrovni 84,5 USD/barel. Podle analytiků vyšší ceny ropy zvyšují obavy z inflace. Situace je také nejistá ve vývoji konfliktu mezi USA a Íránem a též kolem Hormuzského průlivu. Tato situace zatím vyhovuje akciím v těžebním sektoru černého zlata a tak akcie těžebního velikána Exxon Mobil ( XOM ) přidávají o více než 1,1% a také akcie konkurenta britské skupiny BP ( BP ) posilují na tržní ceně o  1,5%. Velmi dobře si dnes vedou také akcie těžaře  APA ( APA ), které přidávají více než 5,1% a také velmi dobře si vedou akcie brazilského Petrobrasu ( PBR ), jež posilují o solidních 3%.  Za zmínku stojí také akcie francouzského výrobce a dodavatele těžního zařízení Schlumbergeru ( SLB ), které obchodují se ziskem cca 1% a také akcie jeho amerického konkurenta Halliburtonu ( HAL ) přidávají na tržní ceně necelých 1,5%.

Za pozornost investoru dnes určitě stojí akcie světového výrobce kosmetiky Estee Lauder Cos. ( EL ), kde společnost reportovala výsledky za 4Q. Firma překonala odhady trhu v tržbách i v očištěném zisku na akcii a ukončila sérii tří po sobě jdoucích poklesů ročních tržeb. Zároveň potvrdila výhled organických tržeb na fiskální rok 2027 a navýšila projekci očištěné provozní marže. Na základě výsledků jsou akcie ve zvýšeném zájmu investorů a posilují o solidních 17%.

Na růstové vlně se dnes také vezou akcie společnosti Target ( TGT ), která zvýšila svůj roční cíl tržeb již druhé čtvrtletí po sobě, což je potenciálním signálem pokroku v širokém plánu restrukturalizace pod vedením nového generálního ředitele Michaela Fiddelkeho. Porovnatelné tržby i očištěný zisk na akcii předčily očekávání a společnost navíc těžila z vratek cel. Firma rovněž zvýšila celoroční výhled. Akcie Target ( TGT ) dnes přidávají na tržní ceně více než 5,6%.

V centru zájmu investorů dnes nelze opominout také žlutý kov, který za přispění silně oslabujícího dolaru roste o více než 2,8% a zlato se tak dostává k úrovni 4 548 USD/Troy. unci. Tato situace nahrává do karet akciím v těžebním sektoru zlata a tak akcie amerického těžaře Newmontu ( NEM ) posilují na tržní ceně 8,5% a hned v závěsu se pohybují akcie největšího kanadského těžaře zlata Barrick Mining ( B ) se ziskem 7,1%. Za zmínku stojí také akcie známého těžaře Eldorado Gold ( EGO ), které jsou na tom podobně se ziskem cca 8,5%.

Index S&P 500 +0,5 % na 7730,3 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Zdravotní péče +3,1 % Průmysl -0,3 % Základní materiály +2,4 % Informační technologie -0,3 % Zbytná spotřeba +1,9 % Utility -0,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Moderna (MRNA) +125 % Dell Technologies (DELL) -6,3 % Estee Lauder Cos (EL) +17 % Crowdstrike Holdings (CRWD) -6,0 % Merck (MRK) +11 % Seagate Technology Holdings (STX) -6,0 % Coinbase Global (COIN) +11 % Keysight Technologies (KEYS) -5,7 % Newmont Corp (NEM) +8,5 % Lam Research Corp (LRCX) -5,2 %
Luboš Bedrník
Fio banka, a.s.
Prohlášení

Gold.com (GOLD - Free Report) closed at $41.84 in the latest trading session, marking a -7.82% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.69% for the day. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq lost 1.33%.

Prior to today's trading, shares of the precious metals trading company had gained 20.81% outpaced the Finance sector's gain of 2.32% and the S&P 500's gain of 3.96%.

Analysts and investors alike will be keeping a close eye on the performance of Gold.com in its upcoming earnings disclosure. On that day, Gold.com is projected to report earnings of $0.96 per share, which would represent year-over-year growth of 26.32%. Alongside, our most recent consensus estimate is anticipating revenue of $7.76 billion, indicating a 209.04% upward movement from the same quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.31 per share and a revenue of $28.27 billion, indicating changes of +144.7% and +157.52%, respectively, from the former year.

It is also important to note the recent changes to analyst estimates for Goldcom. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Gold.com presently features a Zacks Rank of #3 (Hold).

Looking at its valuation, Gold.com is holding a Forward P/E ratio of 12.5. For comparison, its industry has an average Forward P/E of 11.81, which means Gold.com is trading at a premium to the group.

The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 41% of over 250 industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

, /PRNewswire/ -- Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to report its operating and financial results for the quarter ended June 30, 2026. The full version of the financial statements and accompanying management's discussion and analysis can be viewed on the Company's website at www.mayfairgold.ca or under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. For a detailed update on project work completed during the quarter, refer to the news release issued July 23, 2026 "Mayfair Gold Provides Q2 Update on Fenn-Gib Project Advancement and Derisking Activities".

About Mayfair Gold

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. Fenn-Gib hosts a 4.3 million ounce indicated mineral resource of gold (181.3Mt at an average grade of 0.74 g/t) and the expected strategy outlined in the 2026 Pre-Feasibility Study (the "PFS")1 is to develop the project under the provincial permitting process, targeting the higher-grade 1 million ounce probable mineral reserve (25.1Mt at an average grade of 1.29g/t) sitting near-surface, highlighting the optionality and scalability provided by the deposit.  The PFS also outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow2 of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. The company also remains focused on exploration around the broader land package with the goal of enhancing mineral resource scale and growth opportunities.

The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101.

___________________________

1 Please refer to the technical report entitled "Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study" dated effective December 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details.

2 Free cash flow does not have a standardized meaning and may not be comparable to similar measures presented by other issuers, referred to as non-GAAP financial measures. As the Corporation is not in production, the Corporation does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures may not be reconciled to the nearest comparable measures under IFRS.

Cautionary Note Regarding Forward-Looking Information

This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, "forward-looking information"). The use of the words "will" and "expected" and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, the expected strategy to develop the project under the provincial permitting process, targeting the higher-grade 1-million-ounce mineral reserve, building and operating the Fenn-Gib Project, and all disclosure related to the PFS, including expected commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws. 

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Mayfair Gold Corp.

TSXV: ITR; NYSE American: ITRG

www.integraresources.com

, /PRNewswire/ -- Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce financial and operating results for the three months ended June 30, 2026 (the "second quarter" or "Q2 2026"). The Company will host a conference call to discuss second quarter 2026 results on Wednesday, August 12, 2026 at 10:00 AM Eastern Time / 7:00 AM Pacific Time. 

(All amounts expressed in United States ("U.S.") dollars unless otherwise stated)

Second Quarter 2026 Highlights:

Mined 4.4 million tonnes of ore and 3.6 million tonnes of waste at a strip ratio of 0.81 at the Florida Canyon Mine (the "Florida Canyon Mine" or "Florida Canyon" or the "Mine") for Q2 2026. As a result, ore mining rates were 48,538 tonnes per day ("tpd") and total tonnes mined were 87,867 tpd, a record for the Mine. Gold production increased 30% quarter-over-quarter to 16,379 ounces, driven by record total material movement, supporting a stronger production profile that is expected to continue through the remainder of the year. In Q2 2026, Florida Canyon sold 15,794 gold ounces at an average realized price of $4,426 per gold ounce. Quarterly revenue of $70.8 million in Q2 2026, compared to revenue of  $61.1 million in Q2 2025. Mine operating earnings of $23.4 million in Q2 2026 were comparable to $25.2 million in Q2 2025. Q2 2026 adjusted earnings(1) of $13.1 million, or $0.06 per share, was comparable to the $11.8 million, or $0.07 per share recorded in Q2 2025. Q2 2026 net earnings of $12.0 million, or $0.06 earnings per share was comparable to $10.6 million, or $0.06 in earnings per share recorded in Q2 2025. Cash costs(1) averaged $2,495 per gold ounce and mine-site all in sustaining costs(1) ("Mine-site AISC") averaged $3,371 per gold ounce in Q2 2026, both impacted by an increase in tonnes mined, stacked and processed to support production, lower gold ounces sold during the first quarter, increased royalties and excise taxes resulting from stronger-than-anticipated gold prices, and higher diesel fuel and explosive costs. Operating cash flow of $22.8 million increased from $16.3 million in Q2 2025, primarily driven by a $9.0 million decrease in cash used for working capital, largely driven by a build-up of payables, and partially offset by higher tax payments. Free cash flow(1) was $9.3 million, or $0.05 per share, for Q2 2026, a significant improvement from $2.1 million, or $0.01 per share in Q2 2025. Cash and cash equivalents of $111.1 million at June 30, 2026, an increase from $63.1 million at December 31, 2025 and benefitting from the $57.5 million bought deal public offering completed in the first quarter of 2026. The Company filed its updated Feasibility Study Technical Report (the "Technical Report") and Life of Mine Plan for Florida Canyon dated July 28, 2026, with an effective date of May 31, 2026. The Technical Report outlined a larger scale, longer-life mine with an 8-year mine life, a 74% increase in Proven and Probable Mineral Reserves, a 17% increase in average annual gold production, approximately $0.8 billion in after-tax free cash flow over the life-of-mine, and $601 million after-tax net present value (5%)("NPV")(1),(2),(3) The largest drill program in Company history is underway at Florida Canyon focused on expanding resources and reserves, extending mine life and testing high-priority near-mine and regional targets to support the operation's long-term resource growth. DeLamar entered the federal permitting process under the National Environmental Policy Act ("NEPA") in May 2026 and commenced state-of-good-repair programs on site, including test mining, crush optimization analysis, truck shop refurbishment and general site readiness to shorten the development timeline and reduce execution risk at DeLamar. The Company advanced the implementation of its partnership with the Shoshone-Paiute Tribes of the Duck Valley Reservation, including the grant of 517,103 common shares with an aggregate value of $1.5 million in recognition of the parties' collaborative efforts to advance the DeLamar Project. Continued engagement underway with additional stakeholders across Nevada, Idaho and Oregon, including local communities, civic and non-profit organizations and government officials. (1)

This is a non-GAAP financial measure, please refer to the "Non-GAAP Financial Measures" disclosure at the end of this news release and associated MD&A for a description and calculation of this measure.

(2)

Please see notes for Mineral Reserve Estimate on the Company's website at www.integraresources.com.

(3)

NPV discounted to January 1, 2026, and includes cash flows from January 1, 2026 to May 31, 2026. Base case gold prices: 2026 ($4,344/oz), 2027 ($4,414/oz), 2028 ($4,169/oz), 2029 ($3,824), 2030 to 2035 ($3,600/oz).

George Salamis, President, CEO and Director of Integra commented:

"Q2 2026 marked a significant improvement in gold production at Florida Canyon, with a 30% increase over the first quarter. The Company achieved record mining rates for a second consecutive quarter as new mining equipment was integrated into the existing fleet, allowing for increased material movement across the Mine. Approximately 4.2 million tonnes of ore were placed on the heap leach pads during the quarter, a 45% increase over the first quarter, creating a large inventory of recoverable gold ounces that is expected to support stronger gold production through the balance of the year. With ore stacking on the heap leach pad exceeding expectations, the Company is maintaining its full year production guidance of 70,000 to 75,000 ounces of gold."

"In July, the Company filed the updated Technical Report for Florida Canyon which demonstrates the significant transformation expected at the Mine moving forward. Through strategic investments to expand the mineral reserve base, modernize the mining fleet and integrate future heap leach expansions into the mine plan, we have developed a more stable, longer-life operation with higher annual production and lower long-term operating costs. This executable mine plan will provide a solid foundation for the Company, generating strong cash flow that can be used to advance DeLamar through permitting and development while progressing Nevada North through increasingly advanced economic studies. The operation continues to advance in accordance with the plan we established and the potential we envisaged when we acquired Florida Canyon in late 2024."

Financial and Operating Highlights

Unit abbreviations in tables: kt = thousand tonnes, g/t = grams per tonne, Au = gold, oz = troy ounce, $000s = thousands of U.S. dollars, $/sh = U.S. dollars per share, $/oz = U.S. dollars per gold ounce, $/oz sold = U.S. dollars per gold ounce sold.

Three months ended

June 30,

Six months ended

June 30,

Operating Highlights

Unit

2026

2025

2026

2025

Ore mined

kt

4,417

3,074

7,425

6,096

Waste mined

kt

3,579

2,966

7,480

4,765

Total Mined

kt

7,996

6,040

14,905

10,861

Crushed ore to pad

kt

1,824

1,882

3,609

3,646

Run of mine ore to pad                      

kt

2,332

1,275

3,406

2,474

Total placed

kt

4,156

3,157

7,015

6,120

Strip ratio

waste/ore

0.81

0.96

1.01

0.78

Ore mined/day

tpd

48,538

33,785

41,021

33,494

Total mined/day

tpd

87,867

66,382

82,350

60,004

Gold

Average grade

g/t

0.23

0.21

0.22

0.22

Recovery

%

57.8 %

60.5 %

58.5 %

60.4 %

Produced

oz

16,379

18,087

29,014

37,410

Sold

oz

15,794

18,194

28,312

37,734

Three months ended

June 30,

Six months ended

June 30,

Financial Highlights

Unit

2026

2025

2026

2025

Revenue

$ millions

70.8

61.1

132.5

$     118.1

Cost of sales

$ millions

(47.4)

(35.9)

(84.3)

$     (77.4)

Mine operating earnings

$ millions

23.4

25.2

48.2

$      40.7

Earnings for the period

$ millions

12.0

10.6

24.6

$      11.6

Earnings per share (basic)

$/share

0.06

0.06

0.12

$      0.07

Adjusted earnings for the period(1)

$ millions

13.1

11.8

26.0

$      16.2

Adjusted earnings per share (basic)(1)

$/share

0.06

0.07

0.13

$      0.10

Operating cash flow

$ millions

22.8

16.3

36.6

$      32.0

Operating cash flow per share (basic)

$/share

0.11

0.10

0.18

$      0.19

Free cash flow(1)

$ millions

9.3

2.1

12.3

$      11.8

Free cash flow per share (basic)

$/share

0.05

0.01

0.06

$      0.07

Cash costs(1)

$/oz sold

2,495

1,849

2,463

$    1,936

Mine-site AISC(1)

$/oz sold

3,371

2,641

3,344

$    2,486

(1)

Non-GAAP financial measure. Refer to the "Non-GAAP Financial Measures" section of this news release.

Financial Position

June 30, 2026

December 31, 2025

Cash and cash equivalents                      

$ millions

$                  111.1

$                    63.1

Working capital(1)

$ millions

$                  146.5

$                    92.9

(1)

Non-GAAP financial measure. Refer to the "Non-GAAP Financial Measures" section of this news release.

Florida Canyon Mine

Mining

In Q2 2026, the Company mined 4.4 million tonnes of ore, up 44% from 3.1 million in Q2 2025, and 3.6 million tonnes of waste, up 21% from 3.0 millon in Q2 2025 at a strip ratio of 0.81, 16% lower than 0.96 in Q2 2025. As a result, mining rates averaged 87,867 tpd compared to 66,382 tpd in Q2 2025, representing a record rate of total material movement at the Mine. This mining rate was achieved this quarter due to the new mining equipment integrated into the fleet over the previous two quarters and shorter haul distances.

Production

In Q2 2026, the Company produced 16,379 ounces of gold, compared to 18,087 ounces in Q2 2025. The blending strategy developed in the first quarter of 2026 for N2 ore continues to leach as expected.  The Company ramped up mining and heap leach stacking rates through the second quarter of this year and expects to meet its annual gold production guidance of 70,000 to 75,000 ounces.

Average gold process recoveries were 57.8% in Q2 2026 slightly less than the 60.5% recovery achieved in Q2 2025.

Sustaining and Non-sustaining Capital

The second quarter of 2026 continued to mark a capital-intensive period across the Company's portfolio of assets with several key activities during the quarter. These investments reflect a deliberate focus on de-risking the portfolio and positioning the Company for sustainable production growth.

During Q2 2026, the Company invested $13.5 million in sustaining capital, compared to $14.2 million in Q2 2025.  Spending in the second quarter of 2026 reflects the Company's continued reinvestment strategy including new equipment leases, capital stripping, and mobile equipment refurbishments. The Company expects investments in sustaining capital expenditures to continue into the third quarter.

The Company also invested $0.8 million in Q2 2026, in non-sustaining growth capital, comparable to $0.8 million invested in the second quarter of 2025. This spending was primarily directed toward equipment leases for the expanded fleet, engineering and permitting work on Phase IIIC heap leach pad facility and growth-focused drilling programs at the Florida Canyon Mine discussed further in the Exploration section below.

These expenditures are in line with the Company's 2026 Revised Guidance.

Cash Costs and Mine-site AISC

Cash costs averaged $2,495 per ounce in Q2 2026 and Mine-site AISC averaged $3,371 per ounce in Q2 2026.  These metrics were impacted by increased mined, stacked and processed tonnes to support production, lower gold ounces sold during the first quarter, increased royalties and excise taxes resulting from stronger-than-anticipated gold prices, and higher diesel fuel and explosive costs. See Guidance Section below for further details on the 2026 revised guidance.

Royalties and excise taxes, which constitute a material component of cash costs and Mine-site AISC, are directly impacted by fluctuations in the gold price. The Company's revised guidance assumed an average gold price of $4,200 per ounce, and a $100 per ounce change in the gold price results in an estimated $7 change to both cash costs and Mine-site AISC.

Florida Canyon Exploration

In Q2 2026, the Company completed 8,501 meters of drilling, totaling 17,055 meters year to date, of its 42,500 meter 2026 growth focused drilling program at Florida Canyon.  The 2026 program continues on the success of the 2025 program focusing on four key areas: (1) Resource development at the Florida Canyon Mine Property; (2) underexplored extensions of Florida Canyon Gold mineralization exploration (3) Standard Mine area targets; and (4) green-field exploration targets. The program is specifically designed to support resource and reserve growth and extend mine life at Florida Canyon.

Program expenditures, included in sustaining and non-sustaining capital, totaled $2.3 million in Q2 2026 and $3.8 million in H1 2026.

Florida Canyon Technical Report

The Company released the highlights of an updated Technical Report on June 25, 2026. The Florida Canyon Technical Report highlighted a materially enhanced operation with an 8-year mine life, a 74% increase in Proven and Probable Mineral Reserve, a 17% increase in annual gold production, a $0.8 billion in after-tax free cash flow and a $601 million after-tax NPV. The results of the Florida Canyon 43-101 technical report were released in a press release "Florida Canyon Feasibility Study Delivers Substantial Increase in Mineral Reserve, Gold Production Over an 8-Year Mine Life and US$0.8 Billion in After-Tax Free Cash Flow" released June 25, 2026. The Technical Report was filed on July 30, 2026.

Development Projects

DeLamar capital and project expenses

In Q2 2026, the Company incurred $5.7 million in exploration and project expenses, largely for engineering and permitting work, and 712 meters of development drilling at the DeLamar Project. In addition, the Company invested $4.6 million in mineral property, plant, and equipment at DeLamar, including $2.2 million for permitting and engineering activities, and $2.0 million in de-risking activities, of which $1.7 million was for securing equipment.

DeLamar permitting

Integra's 2025 DeLamar Project Mine Plan of Operations ("MPO") Version 4.3 was submitted to the BLM on May 1, 2026. The MPO Version 4.3 is the project proposed action and will serve as the basis for BLM's environmental review of the DeLamar Project under NEPA. The BLM's NEPA process initiated with the publishing of the Notice of Intent on May 29, 2026, initiating a 30-day public scoping process to identify environmental concerns (issues) associated with project implementation. Environmental effects analysis of the DeLamar Project and a no action alternative will be issued in an Environmental Impact Statement ("EIS") and accompanying record of decision, anticipated in H2 2027. In the EIS, the BLM will identify a preferred alternative and any required mitigation measures required for the DeLamar Project implementation.  Following the NEPA process, a final revised MPO will be prepared that incorporates the preferred alternative and any identified mitigation measures. Once all applicable federal, state and local permits are obtained, the DeLamar Project will commence construction.

The DeLamar Project was selected for inclusion in the U.S. Federal Permitting Improvement Steering Council FAST-41 transparency projects program January 13, 2026.  The FAST-41 transparency project program is a federal permitting framework designed to streamline environmental reviews, improve interagency coordination, and increase transparency.  Agencies must develop and maintain a coordinated, project-specific timetable for all required environmental review and permitting actions. Integra will be designated a dedicated project advisor from the Permitting Council, who will monitor the advancement of the project and support active engagement and coordination across multiple regulatory agencies.  The Permitting Council provides high-level oversight to ensure that federal agencies adhere to established timetables. The DeLamar Project's permitting timeline posted to the FAST-41 project dashboard highlights an accelerated 15 month NEPA schedule from start to finish.

The Company completed its feasibility study for the DeLamar Project with an effective date December 8, 2025. The feasibility study for DeLamar confirmed robust economics for a low-cost, large-scale, conventional open pit oxide heap leach operation, with competitive operating costs and a high rate of return. The feasibility study outlines total production of 1.1 million ounces of gold equivalent ("AuEq") over a 10-year operating mine life (plus two years of residual leaching), resulting in an average annual production profile of 106,000 ounces AuEq per annum at a co-product Mine-site AISC of $1,480 per ounce ("/oz") AuEq. Initial capital cost are $389 million, including $38 million of owners' cost, and sustaining capital of $305 million over the mine life. The DeLamar Project generates an after-tax NPV of approximately $774 million with an after-tax internal rate of return ("IRR") of 46% at base case gold and silver prices of $3,000/oz and $35/oz, respectively. After-tax NPV improves to approximately $1.9 billion and after-tax IRR to 97% using recent gold and silver prices of $4,500/oz and $65/oz, respectively.

2026 Revised Guidance and Outlook

The Company revised its 2026 Mine-site AISC guidance at Florida Canyon on June 25, 2026. The adjustment to Mine-site AISC is primarily attributed to an increase in the tonnes, mined, stacked and processed to support production, lower gold ounces sold during H1 2026, increased royalties and excise taxes resulting from stronger-than-anticipated gold prices, and higher diesel fuel and explosive costs.

The Company is also revising its 2026 total cash costs per ounce guidance to reflect the cost drivers impacting Mine-site AISC, and its 2026 non-sustaining capital expenditures guidance to reflect improvements included in the Technical Report including advancing heap leach pad construction which was originally planned for future years.

The Company has revised 2026 guidance as follows:

Unit (1)

Original
Guidance Range

Change

Revised
Guidance Range

Florida Canyon Mine

2026 Total Cash Cost(2)

$/oz sold

$1,900 - $2,100

$400

$2,300 - $2,500

2026 Mine-Site All-In Sustaining Costs ("AISC")(2)

$/oz sold

$2,750 - $2,950

$550

$3,300 - $3,500

2026 Non-Sustaining (Growth) Capital Expenditures

$m

$7.5 - $9.5

$9

$16.5 - $18.5

(1)

 Unit abbreviations: oz = troy ounce, $/oz sold = U.S. dollars per gold ounce sold, $m = million of U.S. dollars

(2)

This is a non-GAAP financial measure, please refer to the "Non-GAAP Financial Measures" disclosure at the end of this news release and associated MD&A for a description and calculation of this measure.  Calculation revised using an assumed average gold price of $4,200 per ounce; a $100 per ounce change in the gold price is estimated to result in an approximately $7 change in each metric.

Selected Q2 Financial Results

Revenue

In Q2 2026 the Company sold 15,794 ounces of gold at average realized prices of $4,426 per ounce of gold generating revenue of $70.8 million, compared to 18,194 ounces at average realized prices of $3,332 per ounce in Q2 2025, resulting in revenues of $61.1 million.

Net Earnings

During the three months ended June 30, 2026, net earnings were $12.0 million comparable to net earnings of $10.6 million for the same period in 2025. The net earnings in Q2 2026 largely resulted from strong mine operating earnings supported by strong average realized gold prices.

Q2 2026 adjusted earnings of $13.1 million, or $0.06 per share, was comparable to adjusted earnings of $11.8 million or $0.07 per share in Q2 2025.

Cash Flow

Cash flows provided by operations in Q2 2026 totaled $22.8 million, an increase of $6.5 million compared to the $16.3 million generated in Q2 2025. The primary driver of this increase is related to a $9.0 million increase in cash generated from working capital, largely driven by a build-up of payables, partially offset by $4.7 million in increased income taxes paid during the quarter.

During the second quarter, the Company made payments of $18.9 million for mineral properties, plant and equipment, and leases. This increased from payments of $15.2 million for mineral property, plant and equipment, and leases made in Q2 2025, which were related to sustaining capital expenditures at Florida Canyon.

Q2 2026 free cash flow generated of $9.3 million, or $0.05 per share, a significant improvement from the $2.1 million, or $0.01 per share, generated in Q2 2025.

Financial Position

As at June 30, 2026, the Company had a cash and cash equivalent balance of $111.1 million, an increase of $48.0 million from $63.1 million at December 31, 2025.

The Company's working capital was $146.5 million on June 30, 2026, reflecting a $53.6 million increase from December 31, 2025. This improvement was largely attributable to a $48.0 million increase in cash, benefiting from the $57.5 million bought deal public offering.

Health, Safety and Environment

Integra experienced zero fatalities and one lost time injury in Q2 2026. Three MSHA-reportable injuries occurred at Florida Canyon in Q2 2026. The 2026, year-to-date total reportable incident frequency rate ("TRIFR") at Florida Canyon was 1.6 compared to 2.3 for H1 2025.

Integra experienced one quarterly reportable spill (one year-to-date), zero immediately reportable spills (zero year-to-date) and one minor reportable permit noncompliances for the quarter (three year-to-date), all at Florida Canyon.

Financial Statements

Integra's consolidated financial statements and management's discussion and analysis as at and for the three and six months ended June 30, 2026, are available on the Company's website at www.integraresources.com, and under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Hard copies of the financial statements are available free of charge upon written request to [email protected].

Q2 2026 Conference Call and Webcast Details

The Company will host a conference call and webcast on Wednesday, August 12, 2026 at 10:00 AM Eastern Time / 7:00 AM Pacific Time to review its financial and operating results for the second quarter of 2026. Details for the conference call and webcast are included below.

Dial-In Numbers / Webcast:

Conference ID: 4645464
Toll Free: (800) 715-9871
Toll: +1 (646) 307-1963
Webcast: https://events.q4inc.com/attendee/102640394  

About Integra Resources Corp.

Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.

ON BEHALF OF THE BOARD OF DIRECTORS

George Salamis
President, CEO and Director

CONTACT INFORMATION
Corporate Inquiries: [email protected]
Company website: www.integraresources.com
Office phone: +1 (604) 416-0576

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by James Frost, P.Eng., Director, Technical Services of Integra, who is a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101")

Non-GAAP Financial Measures

Management believes that the following non-GAAP financial measures will enable certain investors to better evaluate the Company's performance, liquidity, and ability to generate cash flow. These measures do not have any standardized definition under IFRS, and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently.

Average realized gold price

Average realized gold price per ounce is calculated by dividing the Company's gross revenue from gold sales for the relevant period by the gold ounces sold, respectively. The Company believes the measure is useful in understanding the gold prices realized by the Company throughout the period. The following table reconciles revenue and gold sold during the period with average realized prices:

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Gold revenue

$       69,898

$       60,620

$      130,655

$      117,050

Gold ounces sold during the period

15,794

18,194

28,312

37,734

Average realized gold price (per oz sold)                 

$         4,426

$        3,332

$          4,615

$          3,102

Capital expenditures

Capital expenditures are classified into sustaining capital expenditures or non-sustaining capital expenditures depending on the nature of the expenditure. Sustaining capital expenditures are those required to support current production levels. Non-sustaining capital expenditures represent the capital spending at new projects and major, discrete projects at existing operations intended to increase production or extend mine life. Management believes this to be a useful indicator of the purpose of capital expenditures and this distinction is an input into the calculation of AISC.

The following table reconciles payments for mineral properties, plant and equipment, and equipment leases to sustaining and non-sustaining capital expenditures:

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Payments for mineral properties, plant and equipment

$       10,880

$       13,004

$       19,856

$       16,789

Payments for equipment leases

3,399

2,007

6,991

4,241

Total capital expenditures

14,279

15,011

26,847

21,030

Less: Non-sustaining capital expenditures

(811)

(817)

(2,599)

(817)

Sustaining capital expenditures

$       13,468

$       14,194

$       24,248

$       20,213

Free cash flow

Free cash flow, a non-GAAP financial metric, subtracts sustaining capital expenditures from net cash provided by operating activities, serving as a valuable indicator of our capacity to generate cash from operations post-sustaining capital investments. The following table reconciles this non-GAAP financial measure to the most directly comparable IFRS Accounting Standard measure:

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Operating cash flow

$       22,798

$       16,305

$       36,596

$       32,037

Less: sustaining capital expenditures

(13,468)

(14,194)

(24,248)

(20,213)

Free cash flow

$         9,330

$         2,111

$       12,348

$       11,824

Free cash flow per share (basic)

$           0.05

$           0.01

$           0.06

$           0.07

Weighted average shares outstanding (basic)

202,481

168,930

198,169

168,820

Working capital

Working capital is calculated as current assets less current liabilities. The Company uses this measure to assess its operational efficiency and short-term financial position.

Operating margin

Operating margin is calculated as mine operating earnings divided by revenue. The Company uses Operating Margin as a measure of the Company's profitability. The following table reconciles this non-GAAP financial measure to the most directly comparable IFRS Accounting Standard measure:

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Revenue

$     70,797

$     61,072

$   132,521

$    118,097

Mine operating earnings

23,367

25,210

48,218

40,694

Operating margin

33 %

41 %

36 %

34 %

Operating cash flow before change in working capital

The Company uses operating cash flow before change in working capital to determine the Company's ability to generate cash flow from operations, and it is calculated by adding back the change in working capital to operating cash flow as reported in the consolidated statements of cash flows.

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Operating cash flow

$       22,798

$       16,305

$       36,596

$       32,037

Change in working capital

(5,296)

3,682

3,331

250

Operating cash flow before change in working capital

$       17,502

$       19,987

$       39,927

$       32,287

Operating cash flow per share (basic)

$           0.11

$           0.10

$           0.18

$           0.19

Operating cash flow before change in working capital per share (basic)

$           0.09

$           0.12

$           0.20

$           0.19

Weighted average shares outstanding (basic)

202,481

168,930

198,169

168,820

Cash costs

Cash costs are a non-GAAP financial metric which includes production costs, and government royalties.  Management uses this measure to monitor the performance of its mining operation and ability to generate positive cash flow on a site basis.

AISC

All-in sustaining costs, a non-GAAP financial measure, starts with cash costs and includes general and administrative costs, reclamation accretion expense and sustaining capital expenditures. Management uses this measure to monitor the performance of its mining operation and ability to generate positive cash flow on an overall company basis.

Cash costs and AISC are calculated as follows:

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Production costs

$       35,751

$       28,299

$       63,045

$       62,781

Royalties and excise taxes

4,492

4,185

8,391

7,917

Fair value adjustment to production costs on sale of acquired inventories (1)

67

1,615

161

3,385

Less: Silver revenue

(899)

(452)

(1,866)

(1,047)

Total cash costs

39,411

33,647

69,731

73,036

Reclamation accretion expense

358

210

691

567

Sustaining capital expenditures

13,468

14,194

24,248

20,213

Mine-site AISC

$       53,237

$       48,051

$       94,670

$       93,816

General and administrative expenses

1,485

1,862

4,449

3,536

Share-based compensation

956

610

1,325

961

Total AISC

$       55,678

$       50,523

$     100,444

$       98,313

Gold ounces sold (oz)

15,794

18,194

28,312

37,734

Cash costs (per Au sold)

$        2,495

$        1,849

$        2,463

$        1,936

Mine-site AISC (per Au sold)

$        3,371

$        2,641

$        3,344

$        2,486

AISC (per Au sold)

$        3,525

$        2,777

$        3,548

$        2,605

(1)

This non-cash adjustment to production costs for the three and six months ended June 30, 2026, results from the fair value adjustment to inventories recognized upon the acquisition of the Florida Canyon Mine.

Adjusted earnings

Adjusted earnings and adjusted basic earnings per share (collectively, "Adjusted Earnings") are presented to remove items that are unrelated to ongoing operations. These metrics do not have a standardized definition under IFRS Accounting Standards and should not be considered as a substitute for results prepared in accordance with IFRS Accounting Standards. Other companies may calculate Adjusted Earnings differently. Adjusted Earnings excludes the tax-effected impact of transaction and integration costs, unrealized gains and losses on foreign currency derivative contracts, gains or losses from the disposal of mineral properties, plant and equipment, and deferred taxes.

Three months ended
June 30,

Six months ended
June 30,

2026

2025

2026

2025

Net earnings

$       12,002

$       10,642

$       24,551

$       11,625

Increase (decrease) due to:

Transaction and integration costs

—

36

—

2,131

Fair value adjustment to production costs on sale of acquired inventories (1)

(67)

(1,615)

(161)

(3,385)

Unrealized (gains) losses on derivatives

(1)

1,888

(476)

4,971

(Gain) loss on disposal of mineral properties, plant and equipment

(780)

15

(469)

51

Current tax effect from adjusting items

(211)

—

(127)

—

Deferred tax expense

2,122

806

2,638

813

Adjusted earnings

$       13,065

$       11,772

$       25,956

16,206

Weighted average shares outstanding (in 000's) Basic

202,481

168,930

198,169

168,820

Adjusted basic earnings per share

$           0.06

$           0.07

$           0.13

$          0.10

(1)

This non-cash adjustment to production costs for the three and six months ended June 30, 2026 and June 30, 2025, results from the fair value adjustment to inventories recognized upon the acquisition of the Florida Canyon Mine.

Forward-looking Statements

Certain information set forth in this news release contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. Forward-looking statements are included to provide information about management's current expectations and plans that allows investors and others to get a better understanding of the Company's operating environment, business operations and financial performance and condition. Forward-looking statements relate, but are not limited, to: the planned exploration, development and mining activities and expenditures of the Company, including estimated production, cash costs, all-in sustaining costs and capital expenditures; the estimation, realization and growth of mineral resource and reserve estimates; the development, operational and economic results of economic studies on the Company's projects; magnitude or quality of mineral deposits; anticipated advancement, timing and results of permitting for the Company's projects; benefits of non-GAAP measures; anticipated advancement of the Company's projects and future exploration prospects; the future price of metals; government regulation of mining operations; environmental risks; relationships with local communities; and future growth potential of the Company's projects. Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", 'believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions.

Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's abilities to complete its planned exploration and development programs; the absence of adverse conditions at the Company's projects; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's projects economic, as applicable; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. This list in not exhaustive of the factors that may affect any of the Company's forward-looking statements. Although the Company believes its expectations are based on reasonable assumptions and have attempted to identify important factors that could cause actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in the Company's Annual Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and on the EDGAR issuer profile for the Company at www.sec.gov.

Investors are cautioned not to put undue reliance on forward-looking statements. The forward looking-statements contained herein are made as of the date of this MD&A and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves

NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Integra Resources Corp.

FG: TSX-V

, /PRNewswire/ -- Falcon Gold Corp. (TSXV: FG) (FSE: 3FA) (OTC Pink: FGLDF) ("Falcon" or the "Company") announces that, further to its news release dated July 30, 2026, and in accordance with the pricing requirements of TSX Venture Exchange Policy 4.1, the Company is restating its previously announced non-brokered private placement.
The Company intends to issue up to 11,666,667 units (the "Units") at a price of C$0.03 per Unit for gross proceeds of up to C$350,000.

Each Unit will consist of one common share of the Company and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of C$0.05 per share for a period of three years from the date of issuance.

R7 Investments Ltd., a company controlled by Karim Rayani, the Company's Chief Executive Officer and a director, intends to subscribe for 1,000,000 Units, representing an investment of C$30,000. The participation of R7 Investments Ltd. will constitute a "related party transaction" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company expects to rely on the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities expected to be issued to R7 Investments Ltd. nor the consideration expected to be paid by R7 Investments Ltd. will exceed 25% of the Company's market capitalization.

The net proceeds of the private placement will be used to advance the Company's Northwestern Ontario property portfolio and for general working capital. The Company may pay finder's fees in connection with the private placement in accordance with the policies of the TSX Venture Exchange.

All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the closing date in accordance with applicable securities laws.

Completion of the private placement remains subject to the approval of the TSX Venture Exchange and the satisfaction of customary closing conditions.

ON BEHALF OF THE BOARD OF DIRECTORS
FALCON GOLD CORP.
"Karim Rayani" 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and advancement of precious and battery metals opportunities across the Americas, with a portfolio spanning established mining camps and emerging exploration districts. Its flagship asset, the Central Canada Gold Project, is located approximately 20 kilometres southeast of Agnico Eagle's Hammond Reef Gold Deposit in northwestern Ontario. The project lies within the highly prospective Quetico Fault Zone, a major regional structural corridor interpreted as a key control on gold mineralization in the district. The Hammond Reef deposit is associated with a northeast-trending structural system linked to this broader regional framework, highlighting the significance of the geological setting. The Central Canada property has a documented exploration and development history spanning more than a century. Early work between 1901 and 1907 included shallow shaft development and small-scale production from high-grade material processed through stamp milling. Between 1930 and 1935, Central Canada Mines Ltd. further advanced the project with deeper underground development, crosscutting, and the installation of a small-scale gold mill. Subsequent exploration programs have included diamond drilling campaigns that returned multiple high-grade gold intercepts, supporting the presence of significant mineralization within the system. Beyond its flagship project, Falcon Gold maintains a diversified portfolio of Canadian exploration assets. This includes a 49% interest in the Burton Gold Property in partnership with IAMGOLD near Sudbury, Ontario, exploration-stage gold targets in British Columbia through the Spitfire and Sunny Boy claims, and the Great Burnt Copper-Gold Project in central Newfoundland.

Cautionary Language and Forward-Looking Statements

This news release may contain "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities laws, including but not limited to statements relating to the timing and content of future work programs, including planned drilling programs, geological interpretations, receipt of property titles, and other corporate and technical matters. Forward-looking statements are based on assumptions, expectations, estimates, and projections as of the date of this news release and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied herein. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "intend," "expect," "plan," "anticipate," "believe," "estimate," "project," "potential," or "continue," or the negative of these terms, or other comparable terminology. Forward-looking statements in this news release may include, but are not limited to, statements regarding planned drilling activities on the Central Canada Gold Project, which is currently permitted for up to 20 drill holes, and the interpretation and potential extension of mineralization along structural trends within the project area. There can be no assurance that the Company's exploration programs will proceed as currently contemplated or that they will achieve their intended objectives. Forward-looking statements are inherently subject to significant business, economic, competitive, and geological uncertainties and contingencies. Actual results may differ materially from those currently anticipated. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that plans, assumptions, or expectations will prove to be accurate.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Falcon Gold Corp.

Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) shares fell 8% on Monday after the company reported second quarter results that showed strong year-over-year growth but came in below Wall Street estimates.

The company reported adjusted earnings of $0.82 per share for the quarter, below the $0.84 consensus estimate.

Revenue rose 44% year over year to $5.29 billion, although that was below forecasts of about $5.67 billion.

Barrick’s second-quarter gold production increased 11% from the first quarter to 796,000 ounces, exceeding its guidance range of 730,000 to 770,000 ounces. The company attributed the increase to an ahead-of-schedule ramp-up at Loulo-Gounkoto, a faster-than-expected recovery at Pueblo Viejo following planned maintenance and record underground tonnes at Cortez as Goldrush continued to ramp up.

Gold cost of sales was $1,993 per ounce, compared with $1,654 a year earlier, while all-in sustaining costs rose 11% year over year to $1,866 per ounce. Barrick attributed the higher costs in part to lower grades processed at several operations, higher fuel prices and increased royalties associated with higher realized gold prices.

Copper production fell 5% year over year to 56,000 tonnes. Copper cost of sales, C1 cash costs and all-in sustaining costs all increased from the prior-year period, with Barrick citing higher royalties and fuel prices.

For 2026, Barrick said it remains on track to meet its existing production and cost guidance. The company continues to expect gold production of 2.90 million to 3.25 million ounces for the year.

Gold cost of sales is forecast at $1,870 to $2,070 per ounce, while total cash costs are expected to range from $1,330 to $1,470 per ounce. All-in sustaining costs are projected at $1,760 to $1,950 per ounce. The guidance is based on an assumed gold price of $4,500 per ounce.

Barrick maintained its copper production guidance of 190,000 to 220,000 tonnes for the year. Copper cost of sales is expected at $3.05 to $3.35 per pound, with C1 cash costs of $2.20 to $2.45 per pound and all-in sustaining costs of $3.45 to $3.75 per pound. The copper guidance assumes a price of $5.50 per pound.

Barrick also reduced its 2026 total attributable capital expenditure guidance to $3.8 billion to $4.2 billion, from its previous range of $4 billion to $4.45 billion. The company said the reduction primarily reflects lower expected spending at the Reko Diq project.

“We delivered our third quarter in a row with excellent operational and financial performance,” Barrick CEO Mark Hill said in a statement. “We beat the top end of our gold production guidance and generated much higher earnings and cash flow than a year ago. We also advanced our growth pipeline, with good progress at Lumwana and Fourmile.”

Newmont deal The company also announced an agreement with Newmont that expands the Nevada Gold Mines joint venture and resolves outstanding disputes between the two companies. Under the agreement, Barrick will contribute Fourmile while Newmont will contribute the Mike and Fiberline properties, creating a Nevada complex with nearly 100 million ounces of gold, according to Barrick. Newmont will also make a $1.95 billion cash payment to Barrick.

The agreement includes Newmont's consent to Barrick's planned initial public offering of its North American gold assets. Barrick said the IPO remains on track for completion by the end of the year, with Hill set to lead the new company as CEO following the separation.

“We achieved an historic agreement with Newmont. Newmont has consented to the IPO and the parties have agreed to expand NGM with the early vend-in of our excluded properties, as well as settling all disputes,” Hill said.

“Through this agreement with our joint venture partner, we have substantially extended the asset base, and provided greater flexibility and value.”

Posted by Defense World Staff on Aug 6th, 2026

Capstone Therapeutics (NASDAQ:CAPS – Get Free Report) and Gold.com (NYSE:GOLD – Get Free Report) are both small-cap industrials companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, valuation, earnings, analyst recommendations, dividends, institutional ownership and risk.

Earnings and Valuation This table compares Capstone Therapeutics and Gold.com”s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Capstone Therapeutics $48.11 million 0.08 -$21.23 million ($3.37) -0.08 Gold.com $10.98 billion 0.11 $17.32 million $2.92 14.90 Gold.com has higher revenue and earnings than Capstone Therapeutics. Capstone Therapeutics is trading at a lower price-to-earnings ratio than Gold.com, indicating that it is currently the more affordable of the two stocks.

Volatility & Risk Capstone Therapeutics has a beta of -1.52, indicating that its share price is 252% less volatile than the S&P 500. Comparatively, Gold.com has a beta of 0.54, indicating that its share price is 46% less volatile than the S&P 500.

Profitability This table compares Capstone Therapeutics and Gold.com’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Capstone Therapeutics -41.26% -114.15% -39.74% Gold.com 0.35% 17.82% 4.21% Analyst Ratings This is a summary of recent ratings for Capstone Therapeutics and Gold.com, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Capstone Therapeutics 1 0 0 0 1.00 Gold.com 0 2 4 0 2.67 Gold.com has a consensus price target of $59.75, suggesting a potential upside of 37.37%. Given Gold.com’s stronger consensus rating and higher possible upside, analysts clearly believe Gold.com is more favorable than Capstone Therapeutics.

Institutional & Insider Ownership 2.5% of Capstone Therapeutics shares are owned by institutional investors. Comparatively, 62.9% of Gold.com shares are owned by institutional investors. 39.3% of Capstone Therapeutics shares are owned by insiders. Comparatively, 0.6% of Gold.com shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Summary Gold.com beats Capstone Therapeutics on 13 of the 14 factors compared between the two stocks.

About Capstone Therapeutics (Get Free Report)

Capstone Therapeutics Corp., a biotechnology company, develops novel peptides and other molecules for helping patients with under-served medical conditions in the United States. It develops Apo E mimetic peptide molecule AEM-28 and its analogs that have completed Phase Ia and Phase Ib/IIa clinical trials for lipoprotein metabolism. The company was formerly known as OrthoLogic Corp. and changed its name to Capstone Therapeutics Corp. in May 2010. Capstone Therapeutics Corp. was founded in 1987 and is headquartered in Tempe, Arizona.

About Gold.com (Get Free Report)

A-Mark Precious Metals, Inc., together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products. The Direct-to-Consumer segment provides access to an array of gold, silver, copper, platinum, and palladium products through its websites and marketplaces. It operates five company-owned websites targeting specific niches within the precious metals retail market. This segment also operates as a direct retailer of precious metals to the investor community and markets its precious metal products on television, radio, and the internet, as well as through customer service outreach. The Secured Lending segment originates and acquires commercial loans secured by bullion and numismatic coins; and serves coin and precious metal dealers, investors, and collectors. The company serves customers, including financial institutions, bullion retailers, industrial manufacturers and fabricators, sovereign mints, refiners, coin and metal dealers, investors, collectors, and e-commerce and other retail customers. It has operations in the United States, rest of North America, Europe, the Asia Pacific, Africa, and Australia. A-Mark Precious Metals, Inc. was founded in 1965 and is headquartered in El Segundo, California.

Receive News & Ratings for Capstone Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.

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Gold.com (GOLD - Free Report) closed at $42.90 in the latest trading session, marking a +1.83% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 1.79%. Meanwhile, the Dow gained 1.71%, and the Nasdaq, a tech-heavy index, added 2.59%.

Coming into today, shares of the precious metals trading company had lost 4.36% in the past month. In that same time, the Finance sector gained 2.19%, while the S&P 500 gained 1.72%.

Market participants will be closely following the financial results of Gold.com in its upcoming release. In that report, analysts expect Gold.com to post earnings of $0.96 per share. This would mark year-over-year growth of 26.32%. Alongside, our most recent consensus estimate is anticipating revenue of $7.76 billion, indicating a 209.04% upward movement from the same quarter last year.

GOLD's full-year Zacks Consensus Estimates are calling for earnings of $5.31 per share and revenue of $28.27 billion. These results would represent year-over-year changes of +144.7% and +157.52%, respectively.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Goldcom. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Gold.com is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note Gold.com's current valuation metrics, including its Forward P/E ratio of 11.61. This represents a premium compared to its industry average Forward P/E of 11.4.

The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 157, finds itself in the bottom 37% echelons of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

FG: TSX-V

, /PRNewswire/ -- Falcon Gold Corp. (TSXV: FG) (FSE: 3FA) (OTC-Pink: FGLDF) ("Falcon" or the "Company") announces a non-brokered private placement of up to 11,666,667 units (the "Units") at a price of C$0.03 per Unit for gross proceeds of up to C$350,000.

Each Unit will consist of one common share of the Company and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of C$0.05 for a period of three (3) years from the date of issuance.

The net proceeds of the private placement will be used to advance the Company's Northwestern Ontario property portfolio and for general working capital.

Management may participate in the private placement. Any such participation will constitute a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company expects to rely on the exemptions from the formal valuation and minority shareholder approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities issued to, nor the consideration paid by, such related parties is expected to exceed 25% of the Company's market capitalization.

All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the closing date, in accordance with applicable securities laws.

The Company may pay finder's fees in connection with the private placement, in accordance with the policies of the TSX Venture Exchange.

Completion of the private placement is subject to the approval of the TSX Venture Exchange and the satisfaction of customary closing conditions.

ON BEHALF OF THE BOARD OF DIRECTORS
FALCON GOLD CORP.

About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and advancement of precious and battery metals opportunities across the Americas, with a portfolio spanning established mining camps and emerging exploration districts. Its flagship asset, the Central Canada Gold Project, is located approximately 20 kilometres southeast of Agnico Eagle's Hammond Reef Gold Deposit in northwestern Ontario. The project lies within the highly prospective Quetico Fault Zone, a major regional structural corridor interpreted as a key control on gold mineralization in the district. The Hammond Reef deposit is associated with a northeast-trending structural system linked to this broader regional framework, highlighting the significance of the geological setting. The Central Canada property has a documented exploration and development history spanning more than a century. Early work between 1901 and 1907 included shallow shaft development and small-scale production from high-grade material processed through stamp milling. Between 1930 and 1935, Central Canada Mines Ltd. further advanced the project with deeper underground development, crosscutting, and the installation of a small-scale gold mill. Subsequent exploration programs have included diamond drilling campaigns that returned multiple high-grade gold intercepts, supporting the presence of significant mineralization within the system. Beyond its flagship project, Falcon Gold maintains a diversified portfolio of Canadian exploration assets. This includes a 49% interest in the Burton Gold Property in partnership with IAMGOLD near Sudbury, Ontario, exploration-stage gold targets in British Columbia through the Spitfire and Sunny Boy claims, and the Great Burnt Copper-Gold Project in central Newfoundland.

Cautionary Language and Forward-Looking Statements

This news release may contain "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities laws, including but not limited to statements relating to the timing and content of future work programs, including planned drilling programs, geological interpretations, receipt of property titles, and other corporate and technical matters. Forward-looking statements are based on assumptions, expectations, estimates, and projections as of the date of this news release and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied herein. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "intend," "expect," "plan," "anticipate," "believe," "estimate," "project," "potential," or "continue," or the negative of these terms, or other comparable terminology. Forward-looking statements in this news release may include, but are not limited to, statements regarding planned drilling activities on the Central Canada Gold Project, which is currently permitted for up to 20 drill holes, and the interpretation and potential extension of mineralization along structural trends within the project area. There can be no assurance that the Company's exploration programs will proceed as currently contemplated or that they will achieve their intended objectives. Forward-looking statements are inherently subject to significant business, economic, competitive, and geological uncertainties and contingencies. Actual results may differ materially from those currently anticipated. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that plans, assumptions, or expectations will prove to be accurate.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Falcon Gold Corp.

In the latest trading session, Gold.com (GOLD - Free Report) closed at $40.15, marking a -1.59% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 1.52% for the day. At the same time, the Dow lost 2.19%, and the tech-heavy Nasdaq lost 1.74%.

The stock of precious metals trading company has fallen by 1.95% in the past month, lagging the Finance sector's gain of 3.88% and the S&P 500's gain of 1.92%.

Analysts and investors alike will be keeping a close eye on the performance of Gold.com in its upcoming earnings disclosure. The company is expected to report EPS of $0.96, up 26.32% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $7.76 billion, indicating a 209.04% increase compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates project earnings of $5.31 per share and a revenue of $28.27 billion, demonstrating changes of +144.7% and +157.52%, respectively, from the preceding year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Goldcom. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Gold.com possesses a Zacks Rank of #3 (Hold).

From a valuation perspective, Gold.com is currently exchanging hands at a Forward P/E ratio of 11.24. This signifies a discount in comparison to the average Forward P/E of 11.26 for its industry.

The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 181, finds itself in the bottom 27% echelons of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Gold.com (GOLD - Free Report) ended the recent trading session at $39.53, demonstrating a -1.69% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.

Coming into today, shares of the precious metals trading company had lost 2.69% in the past month. In that same time, the Finance sector gained 2.12%, while the S&P 500 gained 0.42%.

The upcoming earnings release of Gold.com will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.96, reflecting a 26.32% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $7.76 billion, up 209.04% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates project earnings of $5.31 per share and a revenue of $28.27 billion, demonstrating changes of +144.7% and +157.52%, respectively, from the preceding year.

Investors should also pay attention to any latest changes in analyst estimates for Goldcom. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Gold.com boasts a Zacks Rank of #3 (Hold).

In the context of valuation, Gold.com is at present trading with a Forward P/E ratio of 11.08. This signifies a premium in comparison to the average Forward P/E of 10.75 for its industry.

The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 186, which puts it in the bottom 25% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

TORONTO, July 23, 2026 /PRNewswire/ -- Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to provide a progress update on activities completed during Q2 2026 and ongoing key work streams to advance and de-risk the Company's 100% controlled Fenn-Gib Gold Project ("Fenn-Gib" or the "Project") in Northern Ontario. Key Highlights: Engineering & Design: Advancing front-end engineering design with Ausenco leading plant engineering, and site layout work for the planned 4,800 tonne-per-day process plant Grade Control Drilling: Concluded the grade control drilling program, which confirmed Resource model confidence and identified upside in higher-grade material Environmental Work and Advancing Permitting: Progressing environmental baseline studies and preparing the Ontario-led One Project, One Process environmental approval submission Infrastructure: Advanced powerline planning and engagement with HONI and IESO, while progressing site access options; advanced condemnation drilling review and geotechnical investigations for key infrastructure and plant site locations Exploration: Advancing compilation, mapping and prospecting across the expanded regional land package Capital Markets: Initiated early engagement with potential project financing parties Planned Activities for Q3: Plans to complete process plant FEED and tender detailed engineering, advance the 1P1P submissions and project financing discussions, and further de-risk earthworks, tailings storage facility and water management designs Drew Anwyll, P.Eng.

DESIGNATED NEWS RELEASE

, /PRNewswire/ -- GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) (the "Company" or "GoldMining") is pleased to announce that it has filed a technical report (the "Technical Report") which includes the previously announced preliminary economic assessment (the "PEA"), in respect of its São Jorge Project (the "Project"), located in Pará State, Brazil. 

The Technical Report, titled "NI 43-101 Technical Report and Preliminary Economic Assessment for the São Jorge Gold Project, Pará State, Brazil" with an effective date of June 9, 2026, is available under the Company's respective profiles at www.sedarplus.ca and www.sec.gov. All currency amounts herein are in US dollars unless otherwise indicated.

The PEA is preliminary in nature, and there is no certainty that the reported results will be realized. The PEA includes inferred mineral resources, which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that this PEA, including the conceptual economics set out therein, will be realized.

São Jorge PEA Highlights

Strong Economics & Upside Leverage: Modelled an after-tax net present value at a 5% discount rate ("NPV5%") of $532 million and an after-tax internal rate of return ("IRR") of 42.4% utilizing base case gold price of $3,500 per ounce ("oz"). At a gold price of $4,400/oz, the modelled after-tax NPV5% increases to $836.8 million, yielding an IRR of 58.6% and an initial payback of just 2.4 years. High Capital Efficiency & Infrastructure Advantage: Initial capital is estimated at a highly manageable $202 million (including a 25% contingency), representing an attractive 2.6x base case NPV5% to initial capital ratio. This relatively low capital hurdle is directly supported by the Project's ideal location, situated adjacent to existing power lines, paved highways, and an available skilled workforce. Steady Production & Cash Flow: The PEA envisages a robust internal free cash flow, supported by a stable gold production profile averaging an estimated 51,250 oz annually over a 10.6-year life of mine ("LOM"), with peak gold production of 57,200 oz per year in years 2 through 4. Conventional, Resilient Operation: The PEA contemplates a conventional open-pit truck-and-shovel operation and a processing rate of 5,500 tonnes per day. A proven processing flowsheet utilizing standard gravity and leach circuits achieves high metallurgical recoveries of 90% Au, supporting resilient margins and an estimated LOM All-In Sustaining Cost ("AISC") of $1,464/oz. Advancing Pre-Feasibility Studies: The Company is working to commence pre-feasibility studies as the Project is further de-risked and moves forward with permitting towards a construction decision. Alastair Still, CEO of GoldMining commented, "Filing the São Jorge Technical Report marks the next step in the advancement of our portfolio. We are excited by the Project's compelling proposition, which pairs a manageable initial capital requirement with steady gold production and a robust base case NPV set out in the PEA. In addition to offering significant exploration potential, the study highlights the asset's potential resilient margins and rapid payback profile. In parallel to advancing and de-risking the property as we commence prefeasibility studies, we remain focused on drilling nearby exploration targets within our prospective regional-scale property as we continue to unlock value across our broader multi-million ounce Americas portfolio"

For further information regarding the Project, including the PEA, please refer to the Technical Report.

Qualified Persons

Imola Götz, M.Sc. P.Eng., F.E.C., Vice President, Project Development of the Company and a Qualified Person, as such term is defined in NI 43-101, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein.

About GoldMining Inc.

GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the U.S.A., Brazil, Colombia, and Peru.

Notice to Readers

Disclosure regarding the Project, including the PEA, included herein, has been prepared by the Company in accordance with Canadian National Instrument 43-101 ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by issuer of scientific and technical information concerning mineral projects. NI 43-101 differs significantly from the disclosure requirements of the United States Securities and Exchange Commission ("SEC") generally applicable to U.S. companies subject to the SEC's disclosure requirements. Accordingly, information contained herein or in the Company's descriptions of its projects may not be comparable to similar information made public by U.S. companies reporting pursuant to SEC disclosure requirements.

Forward-Looking Statements

Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"), which involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to the results of the PEA, the Company's plans and expectations regarding future opportunities and proposed work and future studies at the Project and the Company's other plans and expectations regarding the Project. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, fluctuating metal prices, unanticipated costs and expenses, risks related to government and environmental regulation, social, permitting and licensing matters, and uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs Annual Information Form for the year ended November 30, 2025, and other filings with Canadian securities regulators and the SEC, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that forward-looking statements, or the material factors or assumptions used to develop such forward-looking statements, will prove to be accurate. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities law.

SOURCE GoldMining Inc.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Let's take a look at what these Wall Street heavyweights have to say about Gold.com (GOLD - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

Gold.com currently has an average brokerage recommendation (ABR) of 1.33, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 1.33 approximates between Strong Buy and Buy.

Of the six recommendations that derive the current ABR, five are Strong Buy, representing 83.3% of all recommendations.

Brokerage Recommendation Trends for GOLD

Check price target & stock forecast for Gold.com here>>>

While the ABR calls for buying Gold.com, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is GOLD a Good Investment?Looking at the earnings estimate revisions for Gold.com, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $5.31.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Gold.com. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Goldcom.

FG: TSX-V

, /PRNewswire/ - Falcon Gold Corp. (TSXV: FG) (FSE: 3FA) (OTC Pink: FGLDF) ("Falcon" or the "Company") is pleased to announce that it has commenced the drill tender process for its fully permitted Central Canada Gold Project located near Atikokan, Ontario.

"Central Canada continues to emerge as one of the most exciting exploration opportunities in Falcon's portfolio," said Karim Rayani, Chief Executive Officer of Falcon Gold Corp. "With a fully permitted drill program, encouraging results from our previous drilling campaigns and more than a century of historic exploration to build upon, we believe we are well positioned to advance this project toward its next significant discovery."

The Company recently received approval for a diamond drilling program consisting of up to 20 drill holes totaling approximately 2,500 metres. Falcon has invited a number of experienced Canadian diamond drilling contractors to submit tenders for the upcoming exploration program, with contractor selection expected to be completed in the coming weeks.

The planned drill program is designed to follow up on Falcon's previously identified high-grade gold mineralization while testing additional priority targets generated through the integration of historical exploration, diamond drilling, geological mapping, geophysics and structural interpretation.

Exploration and development at the Central Canada Gold Project dates back to the early 1900s, when the property was the site of shaft sinking, underground development and limited historic gold production. During the 1930s, Central Canada Mines Ltd. further advanced the property through underground development and exploration, establishing the project as one of the historic gold occurrences within the Atikokan Gold Camp.

To date, Falcon has successfully completed two phases of diamond drilling at the Central Canada Gold Project. These programs confirmed the presence of high-grade, structurally controlled gold mineralization, including highlights of 10.17 g/t Au over 3.0 metres, including 18.6 g/t Au over 1.0 metre with visible gold, and 2.8 g/t Au over 7.5 metres. These results have significantly enhanced the Company's geological understanding of the project and refined several priority drill targets.

The upcoming drill program will focus on expanding and testing the historic Central Canada Mine Trend (J.J. Walshe Mine Trend) together with several additional prospective gold-bearing structures identified across the property, including the Sugar Shear, Monte Zone, No. 2 Vein, Honey Zone and Hoist Zone. Collectively, these targets represent a broad, district-scale mineralized system that remains only partially evaluated by modern exploration despite more than a century of intermittent exploration.

In addition to advancing the Central Canada Gold Project, Falcon continues to strengthen its strategic position within the Atikokan-Hammond Reef Gold District through the recent acquisition of the West Hammond Contact Property, providing shareholders with exposure to a growing portfolio of highly prospective gold projects in one of Ontario's premier exploration districts.

Following completion of the tender process, the Company expects to award a drilling contract and announce the commencement of the program. Mobilization will be subject to financing, contractor availability and customary operational scheduling.

The Company will continue to provide updates as exploration activities progress.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Mike Kilbourne, P.Geo., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Kilbourne is an independent consulting geologist and is at arms length to the Company. 

ON BEHALF OF THE BOARD OF DIRECTORS
Karim Rayani
Chief Executive Officer
Falcon Gold Corp.
[email protected]
+1 604 716 0551

About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and advancement of precious and battery metals opportunities across the Americas, with a portfolio spanning established mining camps and emerging exploration districts. Its flagship asset, the Central Canada Gold Project, is located approximately 20 kilometres southeast of Agnico Eagle's Hammond Reef Gold Deposit in northwestern Ontario. The project lies within the highly prospective Quetico Fault Zone, a major regional structural corridor interpreted as a key control on gold mineralization in the district. The Hammond Reef deposit is associated with a northeast-trending structural system linked to this broader regional framework, highlighting the significance of the geological setting. The Central Canada property has a documented exploration and development history spanning more than a century. Early work between 1901 and 1907 included shallow shaft development and small-scale production from high-grade material processed through stamp milling. Between 1930 and 1935, Central Canada Mines Ltd. further advanced the project with deeper underground development, crosscutting, and the installation of a small-scale gold mill. Subsequent exploration programs have included diamond drilling campaigns that returned multiple high-grade gold intercepts, supporting the presence of significant mineralization within the system. Beyond its flagship project, Falcon Gold maintains a diversified portfolio of Canadian exploration assets. This includes a 49% interest in the Burton Gold Property in partnership with IAMGOLD near Sudbury, Ontario, exploration-stage gold targets in British Columbia through the Spitfire and Sunny Boy claims, and the Great Burnt Copper-Gold Project in central Newfoundland.

Cautionary Language and Forward-Looking Statements

This news release may contain "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities laws, including but not limited to statements relating to the timing and content of future work programs, including planned drilling programs, geological interpretations, receipt of property titles, and other corporate and technical matters. Forward-looking statements are based on assumptions, expectations, estimates, and projections as of the date of this news release and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied herein. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "intend," "expect," "plan," "anticipate," "believe," "estimate," "project," "potential," or "continue," or the negative of these terms, or other comparable terminology. Forward-looking statements in this news release may include, but are not limited to, statements regarding planned drilling activities on the Central Canada Gold Project, which is currently permitted for up to 20 drill holes, and the interpretation and potential extension of mineralization along structural trends within the project area. There can be no assurance that the Company's exploration programs will proceed as currently contemplated or that they will achieve their intended objectives. Forward-looking statements are inherently subject to significant business, economic, competitive, and geological uncertainties and contingencies. Actual results may differ materially from those currently anticipated. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that plans, assumptions, or expectations will prove to be accurate.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Falcon Gold Corp.

, /PRNewswire/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") provided an update today on the initial drill results from its 2026 surface in-fill diamond drilling program on the Las Brisas Target at its Zancudo Project in Colombia. The results announced today have been received from the final assays for the first four drill holes totaling approximately 660 meters carried out from the first purpose-built surface drill platform.

Highlights

Attachment 1 – Map showing the location of the drill holes for the Las Brisas 2026 drilling campaign (CNW Group/Denarius Metals Corp.)

Attachment 2 – 3-D Structural sketch of the Las Brisas Target (CNW Group/Denarius Metals Corp.)

Attachment 3 – Long-section showing the ore-shoots on the Manto Antiguo structure (CNW Group/Denarius Metals Corp.)

Attachment 4 – Long-section showing the ore-shoots on the Santa Catalina structure (CNW Group/Denarius Metals Corp.) Multiple high gold and silver grade intercepts were intersected in the first in-fill drill holes completed on the Las Brisas Target, providing further confirmation of the high-grade nature of the mineralization previously modelled on the Manto Antiguo and Santa Catalina structures.
7.43 g/t Au and 15 g/t Ag over 1.20 m from 93.8-95.0 m, hole ZM-195, Santa Catalina, including 28.70 g/t Au and 38 g/t Ag over 0.30 m from 94.3-94.6 m.
8.36 g/t Au and 1,670 g/t Ag over 1.0 m from 160.3-161.3 m, hole ZM-197, Manto Antiguo, including 27.83 g/t Au and 5,564 g/t Ag over 0.30 m from 160.60-160.90 m. Serafino Iacono, Executive Chairman of Denarius Metals, commented, "This early progress at the Las Brisas Target reinforces our confidence in the continuity and quality of the known ore deposits at Zancudo. The 2026 in-fill drilling program has been designed taking into account the successful results achieved in our 2024 in-fill drilling campaign and underscores the potential and prospectivity of delineating new zones and expanding existing ones near planned mining infrastructures. We look forward to providing further updates through the course of this year's drilling campaign".

Las Brisas Target – Details of the Drilling Results

The Las Brisas Target represents an unexploited block within the Manto Antiguo structure preserved by past mining. The in-fill drilling program for the Las Brisas Target has been designed at 50x50 meters drill centers from eight platforms (IF-5 to IF-12) aimed at better delineating and confirming the consistency of mineralization on the two ore-shoots outlined by previous drilling on the Manto Antiguo and Santa Catalina structures, of which the Manto Antiguo ore shoot is controlled by the intersection of the Manto Antiguo and Santa Catalina structures and which usually shows wider and higher-grade intercepts. The drilling program on the Las Brisas Target commenced in late April 2026 with one drill rig operating from purpose-built surface drill platforms and comprises a total of approximately 6,000 meters of drilling to be carried out in 29 diamond drill holes. The results announced herein have been received from the final assays for the first four drill holes totaling approximately 660 meters carried out from the first purpose-built surface drill platform (IF-7). The initial drilling was successful in confirming the high-grade gold and silver mineralization in the ore-shoots outlined by previous drilling on the Manto Antiguo structure. All the drill holes completed to date on Manto Antiguo, totaling approximately 560 meters, have intercepted the structure at the estimated depth with maximum intersection grades of 27.83 g/t Au and 5,564 g/t Ag over 0.30 m from 160.60-160.90 m (ZM-197). Initial drilling was also successful in confirming the high-grade gold and silver mineralization in the ore-shoot outlined by previous drilling on the Santa Catalina structure. All the drill holes completed to date on Santa Catalina, totaling approximately 660 meters, have intercepted the structure at the estimated depth with maximum intersection grades of 28.70 g/t Au and 38 g/t Ag over 0.30 m from 94.30-94.60 m (ZM-195). The following table lists the key sub-intervals from the ongoing Las Brisas in-fill drilling program with grades greater than 4 g/t AuEq cut-off ("Cut-off") associated with main intervals that, in some cases, might not meet the Cut-off:

Year

Target

Hole ID

Structure

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

AuEq (g/t)

2026

Las Brisas

ZM-195

Santa Catalina

93.8

95.0

1.2

7.43

15

7.58

Including

94.3

94.6

0.3

28.70

38

29.18

Manto Antiguo

148.3

149.1

0.8

3.57

98

4.80

Including

148.7

149.1

0.5

5.33

98

6.56

ZM-197

Manto Antiguo

160.3

161.3

1.0

8.36

1,670

29.24

Including

160.6

160.9

0.3

27.83

5,564

97.38

Unknown

167.4

168.2

0.8

2.93

10

3.10

Including

167.9

168.2

0.3

7.81

26

8.10

ZM-199

Santa Catalina

136.0

137.0

1.0

3.08

9

3.20

Including

136.6

137.0

0.4

6.32

24

6.32

Manto Antiguo

161.1

162.1

1.0

1.86

2

1.86

Including

161.4

161.8

0.4

4.61

5

4.61

Notes:

(1)

The intervals are core lengths. The true widths are estimated to be 80% to 90% of the lengths.

(2)

Equivalent gold grades (AuEq g/t) were calculated using prices of US$3,200/oz gold and US$40.00/oz silver. Gold equivalent formula: AuEq = Au + (Ag / (Au Price/Ag Price)).

(3)

"Unknown": new structure that doesn't correlate with any of the known structures/veins.

(4)

Drillhole MT-196 did not have any results above Cut-off for inclusion in the table.

(5)

Drillhole MT-198 was aborted at shallow surface due to excessive deviation.

Please refer also to the attached illustrative images 1 to 4 showing the location of the drill holes reported herein from the 2026 drilling campaign along with a sketch of the main structures for the Las Brisas Target and long sections showing intercept locations for the Manto Antiguo and Santa Catalina veins.

Manto Antiguo and Santa Catalina Structures

The Manto Antiguo structure, which was the main structure mined historically, is interpreted as a WNW-ESE trending brecciated manto structure that merges into the footwall of the Santa Catalina structure. The northerly-trending Santa Catalina structure, which dips steeply to the east near surface and gently at depth, is interpreted as a mineralized master fault structure and feeder of the mineralization for the entire vein system. The Manto Antiguo structure, which is usually narrow, shows a typical breccia texture with incipient quartz-sulphide banding and milled wall rock clasts. The mineralization consists of pyrite, arsenopyrite, sphalerite and galena. Fragments of argillic-altered schist are observed, which host pyrite veinlets.

2026 Drilling Program

The 2026 drill program comprises a planned total of 15,000 meters on several target areas within the Zancudo Project, including Las Brisas, El Castano, Independencia Mine and brownfield. The 2026 drill program has been designed to deliver important data for further resource modelling, mine planning and optimization of production stope design to guide our mine development programs as Denarius Metals ramps up mining activities at Zancudo in 2026 and 2027 to feed the Project's new 1,000 tonnes per day flotation processing plant that is currently under construction and expected to be operating later this year.

Qualified Person

The resource evaluation work was completed by Mr. Scott E. Wilson, CPG, President of Resource Development Associates ("RDA"). Mr. Wilson is an independent consulting geologist specializing in Mineral Reserve and Resource calculation reporting, mining project analysis and due diligence evaluations.  Mr. Wilson conducted a personal inspection of the Zancudo Project on June 2-3, 2026. Mr. Wilson has over 36 years of experience in the mining industry and is a Registered Member (#4025107RM) of Society for Mining, Metallurgy and Exploration, Inc.  Mr. Wilson and RDA are independent of the Company under NI 43-101.

Mr. Wilson has reviewed, verified and approved the technical information summarized in this news release, including the sampling, preparation, security and analytical procedures underlying such information, and is not aware of any significant risks and uncertainties that could be expected to affect the reliability or confidence in the information discussed herein.

Quality Assurance and Quality Control

All the core samples were prepared and assayed for Au by Actlabs Laboratories Ltd (ISO 9001:2015) at their laboratory in Zona Franca Rionegro, Antioquia, Colombia, by 50 g fire assay with atomic absorption spectrophotometer ("AAS") finish. Subsequently, the pulps were shipped to their laboratory in Ancaster, Ontario, Canada (ISO/IEC 17025) for multi-element analysis by Agua Regia-ICP-OES. Samples above the upper detection limit of 5.0 g/t gold were re-assayed by 30 g fire assay with gravimetric finish, while silver and base metals were analyzed in a multi element analysis by partial digestion and ICP-OES finish. Blank, standard and duplicate samples were routinely inserted and monitored for quality assurance and quality control.

About Denarius Metals

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF".

In Colombia, Denarius Metals is producing gold and silver in an "early production" phase at its 100%-owned Zancudo Project while it completes construction of a 1,000 tonnes per day processing plant that is expected to start producing high-grade gold-silver concentrates by the third quarter of 2026. The Zancudo Project is a high-grade gold-silver deposit, which includes the historic producing Independencia mine, and is located in the Cauca Belt, about 30 km southwest of Medellin.

In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21.8% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain.

Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including exploration programs, expected exploration results and mineral resource estimates. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2026 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE Denarius Metals Corp.

MATACHEWAN, ONTARIO ELDORADO GOLD (QUÉBEC) INC. OPTION NEW HIGH-GRADE GOLD ZONE DISCOVERY MULTIPLE GOLD INTERCEPTS REPORTED ON PROPERTY Val-D'Or, Québec--(Newsfile Corp. - June 29, 2026) - Val-D'Or Mining Corporation (TSXV: VZZ) (OTCQB: VDOMF) ("the Company") is pleased to announce results from the 2025 diamond drilling program conducted over the Baden Prospect.

VANCOUVER, BC, June 25, 2026 /PRNewswire/ - GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) (the "Company" or "GoldMining") is pleased to provide the following message from the President and CEO of GoldMining to update shareholders on the Company's recent progress in advancing and unlocking value from its portfolio of assets, while enhancing its balance sheet that includes cash and publicly traded securities. Key First-Half 2026 Highlights: Balance Sheet Strength: The Company has no debt and holds approximately US$185 million1 in cash and publicly traded securities, the balance of which almost equates to the entire market capitalization of GoldMining.