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, /PRNewswire/ -- GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) (the "Company" or "GoldMining") is pleased to announce the publication of its fourth annual Sustainability Report for fiscal year 2025 (the "2025 Sustainability Report"). The 2025 Sustainability Report presents the Company's approach and performance on sustainability initiatives and outlines its sustainability strategy and goals for the future.

The 2025 Sustainability Report reflects the Company's ongoing commitment to responsible exploration and development and is guided by a materiality assessment that identifies the sustainability topics most relevant to its business and stakeholders. The Company's sustainability goals are informed by the United Nations' Sustainable Development Goals and are focused on responsible practices that seek to minimize environmental impacts while creating shared value for the local communities in which GoldMining operates.

2025 Sustainability Report Highlights

Zero lost-time incidents among employees in fiscal 2025, underscoring GoldMining's safety culture and focus on workplace safety.
1,887 hours of health, safety and emergency-response training, reflecting GoldMining's continued focus on protecting employees and contractors.
Zero reportable environmental incidents and no known material regulatory non-compliance in fiscal 2025, consistent with GoldMining's commitment to environmental stewardship and responsible operations.
Scope 1 and Scope 2 Greenhouse Gas (GHG) emissions analyzed against the fiscal 2024 baseline, strengthening GoldMining's understanding of exploration-related emissions and supporting future emissions-management strategies.
100% of drill sites reclaimed in fiscal 2025, consistent with GoldMining's efforts to minimize its environmental footprint and maintain safe, responsible operations.
Human rights and sustainability screening completed for 50 suppliers to identify potential risks, including poor working conditions, informal employment and human trafficking, and to support alignment with the Company's policies.
100% of staff, contractors and temporary workers hired in-country, supporting GoldMining's strategy to create local employment opportunities.

Alastair Still, Chief Executive Officer, commented, "As GoldMining continues to grow its exploration portfolio, our focus is clear: advancing our core exploration projects responsibly while creating long-term value. Sustainability is integral to this strategy. Our 2025 Sustainability Report demonstrates this commitment in action, as highlighted by the São Jorge Project in Brazil, which achieved zero lost-time incidents and had no environmental incidents during the fiscal year. I want to thank our team, partners and local communities for their continued support. Looking ahead, we will continue to execute with discipline, advance our core assets and build a strong, safe and sustainable foundation for GoldMining's future."

The full 2025 Sustainability Report is available on the Company's website at www.goldmining.com.

About GoldMining Inc.

GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold and gold-copper 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.

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, statements regarding the Company's sustainability strategy and goals, future emissions-management strategies, plans to advance its core exploration projects, and the Company's other plans and expectations regarding responsible exploration and development. 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, evolving ESG and sustainability reporting standards and frameworks, climate change and related regulatory developments, community and stakeholder relations, supply chain risks, 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 GoldMining's 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.

In the latest close session, Gold.com (GOLD - Free Report) was down 3% at $38.17. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Meanwhile, the Dow lost 0.07%, and the Nasdaq, a tech-heavy index, added 1.11%.

Coming into today, shares of the precious metals trading company had lost 13.44% in the past month. In that same time, the Finance sector lost 1.68%, while the S&P 500 gained 1.46%.

The upcoming earnings release of Gold.com will be of great interest to investors. It is anticipated that the company will report an EPS of $0.88, marking a 340% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $5.37 billion, indicating a 45.93% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $3.73 per share and revenue of $22.37 billion, which would represent changes of -27.29% and -12.31%, respectively, from the prior 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. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Gold.com possesses a Zacks Rank of #2 (Buy).

In terms of valuation, Gold.com is presently being traded at a Forward P/E ratio of 10.55. Its industry sports an average Forward P/E of 10.82, so one might conclude that Gold.com is trading at a discount comparatively.

The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 35% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

In the latest trading session, Gold.com (GOLD - Free Report) closed at $39.73, marking a -2.36% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq decreased by 0.44%.

Heading into today, shares of the precious metals trading company had lost 15.62% over the past month, lagging the Finance sector's loss of 2.69% and the S&P 500's gain of 2.36%.

The investment community will be closely monitoring the performance of Gold.com in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.88, marking a 340% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.37 billion, up 45.93% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.73 per share and a revenue of $22.37 billion, indicating changes of -27.29% and -12.31%, respectively, from the former year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Goldcom. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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, there's been no change in the Zacks Consensus EPS estimate. Gold.com is holding a Zacks Rank of #3 (Hold) right now.

From a valuation perspective, Gold.com is currently exchanging hands at a Forward P/E ratio of 10.91. This expresses a discount compared to the average Forward P/E of 10.93 of its industry.

The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 166, positioning it in the bottom 33% 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.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

 | Source: ATG Capital Management LP

Glass Lewis Concludes ATG Capital Has Offered Investors “a Compelling Opportunity to Incrementally Reshape an Underperforming, Regressive and Disconcertingly Disengaged Boardroom”

Glass Lewis Recommends Stockholders Vote FOR ATG Capital Nominees James C. Elbaor, Gabriel D. Gliksberg and Aaron T. Morris and WITHHOLD on Ryan Lane, Ian Read and Orn Olason and Egan-Jones Recommends Stockholders Vote FOR All Four ATG Capital Nominees

Egan-Jones Concludes “Shareholders Have Little Reason to Give This Board an Unchanged Mandate”

MIAMI, Oct. 08, 2026 (GLOBE NEWSWIRE) -- ATG Capital Management LP (“ATG Capital”), together with certain of its affiliates, is the beneficial owner of 4,500,000 shares, or approximately 16%, of Empery Digital Inc. (Nasdaq: EMPD) (“Empery Digital” or the “Company”) and its largest non-affiliated stockholder, today announced that leading independent proxy advisory firm, Glass, Lewis & Co. (“Glass Lewis”), has recommended that stockholders vote on ATG Capital’s GOLD universal proxy card FOR the election of James C. Elbaor, Gabriel D. Gliksberg and Aaron T. Morris to Empery Digital’s Board of Directors (the “Board”) at the Company’s upcoming Annual Meeting of Stockholders on October 14, 2026 (the “Annual Meeting”). In addition, independent proxy advisory firm Egan-Jones Proxy Services (“Egan-Jones”) has recommended that stockholders vote on the GOLD card FOR all four ATG Capital nominees – James C. Elbaor, Gabriel D. Gliksberg, Meredith S. Kirshenbaum and Aaron T. Morris. Egan-Jones also recommended that stockholders vote AGAINST the approval of Empery Digital’s 2025 Stock Plan.

Glass Lewis and Egan-Jones join Institutional Shareholder Services Inc. (“ISS”) – marking a unanimous decision by all three leading proxy advisory firms – in recommending that Empery Digital stockholders vote on ATG Capital’s GOLD universal proxy card. With these recommendations, all leading independent proxy advisory firms have now concluded that change is warranted in the Empery Digital boardroom.

In its report, Glass Lewis affirmed ATG Capital’s case for boardroom change, stating:1

On the Board’s Breach of Fiduciary Duties and Entrenchment Tactics

“Faced with mounting investor pressure in the midst of a spiraling DAT strategy, the board, led by Mr. Lane, employed numerous regressive governance tactics, up to and including a nomination rejection which was ultimately determined to be inequitable and a breach of the board’s fiduciary duties.”“There is a credible argument that board change is warranted on this basis alone.” (referring to the Delaware Chancery Court’s determination that the Board breached its fiduciary duties)“These excerpts reinforce the notion that some meaningful portion of high-level board and management deliberation was centered on range-finding conditions sufficiently onerous to deter further action by ATG, rather than campaigning on the merits.”“Amid this turbulent arc, it appears the incumbent board determined to erect a particularly burdensome bulwark punctuated by a ‘kitchen sink’ rejection letter… currently available materials tilt much more heavily against the incumbent directors.” On Board Oversight, Related Party Dealings and Credibility

“Testimony further suggests investors have considerable cause to doubt the fundamental efficacy of the board’s core oversight functions.”“The board has since advanced an array of narrative threads (e.g. limited engagement, rebuffed settlements, conflicts of interest) that are either insufficiently substantiated or clash heavily with the board’s own moribund track record.”“Despite these dynamics, its antagonistic approach to multiple large investors and a nearly unchecked pattern of shareholder losses in the wake of Empery's June 2025 PIPE, the board maintains that it is ‘qualified’ as currently composed, and that its most recent strategic rewrite ‘will set [Empery] up for a future of sustained success.’ Available materials suggest investors should greet this position with considerable skepticism.”
Why Glass Lewis Supports Replacing Lane, Read and Olason

On Ryan Lane: “Mr. Lane serves as board chair, co-CEO and the apparent architect of Empery’s to-date value-destructive strategic pivots and, just as presently, the Company’s entrenchment-first approach to shareholder dissent.”On Ian Read: “[I]t is not evident Mr. Read is substantively engaged as an Empery board member or firmly committed to sound governance.”On Orn Olason: “Removal of Mr. Olason does not appear to represent a material risk to institutional knowledge or board continuity.”“Replacement of the foregoing incumbent nominees would represent a relatively low-risk, minority-basis transition while also affording alternate nominees a clear mandate to address noted gaps in oversight.”A “Compelling Opportunity” for Change “[W]ith reference to a persuasive case for change, ATG has offered Empery investors a compelling opportunity to incrementally reshape an underperforming, regressive and disconcertingly disengaged boardroom in favor of enhanced strategic, financial and governance oversight.”
In its report, Egan-Jones affirmed ATG Capital’s case for boardroom change, stating:

“Since the Company announced its bitcoin strategy in July 2025, the shares have returned −67% against +26% for the broad market and are down about 70% from the placement price.”“Shareholders have little reason to give this Board an unchanged mandate to execute its data center strategy.”“Missing its own timeline in the final weeks of a proxy contest, when the Company has every incentive to show progress, gives shareholders little reason to believe the new strategy is being executed well.” (referring to the Company's missed third-quarter target for closing its previously announced Midwest data center investment)“Shareholders have a choice at this meeting only because ATG litigated for it, and the directors who approved the rejection are standing for election again.”“A director who does not know he leads the committee responsible for Board composition and governance represents an extreme failure of governance.” (referring to Ian Read)“We believe four independent directors would add the scrutiny of capital allocation, related party dealings and disclosure that this record shows is missing.” Gabi Gliksberg, Founder and Managing Member of ATG Capital, issued the following statement:

“Glass Lewis and Egan-Jones have now joined ISS in concluding that change is warranted at Empery Digital. Glass Lewis noted in its report that this Board, led by Mr. Lane, was found by the Delaware Chancery Court to have breached its fiduciary duties in an effort to keep our nominees off the ballot, has presided over steep declines in stockholder value and has offered stockholders narratives that clash with its own track record. We are gratified by Glass Lewis’s support for three of our nominees and its recommendation to withhold on Messrs. Lane, Read and Olason.

We are pleased that Egan-Jones went further, recommending that stockholders support all four of our nominees and withhold on Messrs. Lane, Read, Olason and Chauhan. Egan-Jones echoes our call for independent oversight in the boardroom, finding that Empery Digital stockholders have lost two-thirds of their investment since the bitcoin pivot, and concluding that four independent directors would bring the scrutiny of capital allocation, related party dealings and disclosure that is currently missing.

We urge stockholders to vote FOR James Elbaor, Gabi Gliksberg, Meredith Kirshenbaum and Aaron Morris today.”

Vote FOR ATG Capital’s Four Nominees

Vote FOR James C. Elbaor, Gabriel D. Gliksberg, Meredith S. Kirshenbaum and Aaron T. Morris to support a refreshed Board focused on maximizing value of ALL Empery stockholders.

Do NOT vote for Rohan Chauhan, Ryan Lane, Orn Olason or Ian Read.

All three leading independent proxy advisory firms – ISS, Glass Lewis and Egan-Jones – recommend that stockholders vote on ATG Capital’s GOLD universal proxy card. Because the GOLD card includes all ATG Capital nominees and all of the Company’s nominees, there is no need to use any other proxy card, regardless of how you intend to vote. Please vote the GOLD proxy card or GOLD voting instruction form today by internet, telephone or mail, following the instructions provided.

If you have already voted on the Company’s white proxy card or voting instruction form, you can still support change. Under the universal proxy rules, ATG Capital’s nominees also appear on the Company’s white card, and votes FOR them count on either card.

But the best way to support all four ATG Capital nominees is to vote a later-dated GOLD proxy card, which will automatically revoke your earlier vote. If you vote on the white card instead, vote FOR James C. Elbaor, Gabriel D. Gliksberg, Meredith S. Kirshenbaum and Aaron T. Morris and WITHHOLD on Rohan Chauhan, Ryan Lane, Orn Olason and Ian Read. On either card, do not vote FOR more than nine nominees, or your votes on the election of directors will not be counted.

If you have already voted the GOLD card, please do NOT return a white card. Only your latest-dated proxy counts, so returning the Company’s white card – even one marked “withhold” as a protest – will revoke the proxy you previously submitted to us.

Questions about how to vote? Contact Saratoga Proxy Consulting LLC at (212) 257-1311, (888) 368-0379 or [email protected].

About ATG Capital Management LP

ATG Capital Management LP is a privately-held investment firm that manages investment vehicles for select accredited investors. ATG Capital invests primarily in public equity markets, utilizing alternative strategies including direct and constructive engagement, in pursuit of providing superior investment returns.

Media & Investor Contact

Saratoga Proxy Consulting LLC

John Ferguson, (212) 257-1311

[email protected]

1Permission to quote Glass Lewis or Egan-Jones was neither sought nor received. Emphasis added to quotes. Glass Lewis report dated October 1, 2026. Egan-Jones report dated October 6, 2026.

, /PRNewswire/ -- GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to report initial assay results from the 2026 diamond core drilling program at its 100% owned Yarumalito Project ("Yarumalito" or the "Project") in the Mid Cauca gold-copper porphyry belt, Antioquia, Colombia. The initial drill results confirm wide intervals of gold-copper porphyry-style mineralization starting from surface, refining the structural and geometric boundaries of the core 'P-1' host unit.

Yarumalito Highlights:

Figure 1 Mid Cauca Au-Cu Belt, Antioquia, and location of the Yarumalito Project.

Figure 2 Yarumalito Project 2026 drilling program. A & B: drill rig set up at Yarumalito Project. C: YAR-45 drill core from interval 189.0 to 190.5 m depth, grading 1.59 g/t Au, 0.19% Cu & 3.6 g/t Ag. D: YAR-45 drill core from interval 184.9 to 185.6 m depth, grading 1.07 g/t Au, 0.20% Cu & 8.8 g/t Ag.

Figure 3 Yarumalito drilling cross section: YAR-45. Wide Porphyry Mineralization from Surface: Drill hole YAR-45 intercepted continuous mineralization from surface to the end of the hole, returning 399.9 metres (m) at 0.45 grams per tonne (g/t) gold equivalent (AuEq) (0.34 g/t Au, 0.09% Cu, 1.21 g/t Ag) from surface to 399.9 m depth, including:

33.2 m at 0.81 g/t AuEq (0.68 g/t Au, 0.11% Cu, 1.64 g/t Ag) from 10.3 m; 74.7 m at 0.61 g/t AuEq (0.46 g/t Au, 0.13% Cu, 1.41 g/t Ag) from 136.5 m, including 47.0 m at 0.70 g/t AuEq from 154.0 m; and 36.0 m at 0.65 g/t AuEq (0.50 g/t Au, 0.14% Cu, 1.07 g/t Ag) from 330.0 m. P-1 Porphyry Model Confirmed: Drilling has validated the 3D geological model, demonstrating that the P-1 porphyry intrusive suite hosts disseminated and vein stockwork mineralization that remains open along strike and at depth. Program Execution & Near-Term Catalysts: A total of four diamond drill holes comprising 1,218 m were safely completed on schedule and within budget. Assays for the remaining holes (YAR-46 to YAR-48) are pending. Results from the 2026 drilling program are expected to be integrated into an updated geological model and mineral resource model. Established infrastructure: Yarumalito benefits from direct road access, nearby grid power and regional core-logging facilities in Valparaiso. The Project is located approximately 10 km north of Aris Mining's Marmato Mine and Collective Mining's Guayabales project. Alastair Still, Chief Executive Officer of GoldMining, commented: "Initial results from our 2026 drilling program at Yarumalito confirm the scale and continuity of this robust gold-copper porphyry system. Intersecting nearly 400 m of continuous mineralization from surface validates the predictive strength of our updated 3D geological model and confirms that the P-1 intrusive phase represents an expansive mineralized host. Located in the Mid Cauca belt in proximity to existing operations and supported by highway and power infrastructure, Yarumalito offers significant exploration upside. We look forward to receiving the remaining assay results from an additional three holes as we continue systematic derisking across our Americas portfolio."

Project Overview

The Project is located in the Mid Cauca belt of central Colombia, approximately 65 km south of Medellín and 40 km south of the Company's La Mina project. Gold-copper mineralization is related to Miocene-aged intermediate stocks and intrusive breccias crosscut by late-stage intermediate sulphidation epithermal veins. The Project sits within a major mineralized trend that hosts several significant deposits, including AngloGold Ashanti's Quebradona project, Aris Mining's Marmato Mine and Collective Mining's Guayabales project.

2026 Exploration and Drilling Summary

Re-logging campaigns executed over 2024 and 2025 classified the intrusive complex into three distinct phases: P-0, P-1 and P-2. The P-1 intrusive suite – a fine- to medium-grained quartz diorite characterized by pervasive potassic alteration and well-developed quartz+pyrite±chalcopyrite stockwork veins – has been identified as the principal host of the porphyry-style gold-copper mineralization. Late-stage epithermal veining overprints the system, introducing local high-grade gold-silver veins.

Drill Hole YAR-45 was drilled at an inclination of -57° toward azimuth 195° to test the vertical and lateral continuity of the P-1 intrusive phase. The hole intersected predominantly P-1 porphyry or P-1 breccia, a complex transitional contact zone with the earlier weakly mineralized P-0 intrusive phase, throughout the drill hole and remained in continuous alteration and mineralization of variable intensity from surface to a final depth of 399.9 m, ending in weak alteration and mineralization. Zones of elevated copper-gold grades (see Table 1) are associated with higher vein density, potassic alteration and disseminated and vein hosted chalcopyrite, pyrite and rare bornite.

Table 1  2026 diamond core drilling results at Yarumalito Project (as of October 6, 2026). 

Drill Hole ID

Interval
From (m)

Interval
To (m)

Interval
Length (m)

Au
Grade
(g/t)

Ag
Grade
(g/t)

Cu
Grade
(%)

AuEq
Grade
(g/t)

YAR-45

0.0

399.9*

399.9

0.34

1.21

0.09

0.45

including

10.3

43.5

33.2

0.68

1.64

0.11

0.81

and

136.5

211.2

74.7

0.46

1.41

0.13

0.61

including

154.0

201.0

47.0

0.54

1.72

0.14

0.70

and

330.0

366.0

36.0

0.50

1.07

0.14

0.65

*End of Hole. 

Notes:

Reported intervals are downhole core lengths. True width is estimated to be approximately 50% of downhole interval length based on current geological interpretation of sub-vertical P-1 intrusive phase contact orientations. Gold Equivalent (AuEq) is calculated using the formula: AuEq (g/t) = Au (g/t) + [Cu (%) x {Cu Price/Au Price} x 22.0462 x 31.1035] + [Ag (g/t) x {Ag Price/Au Price}]. Assumed metal prices: US$3,550/oz Au, US$5.00/lb Cu and US$50/oz Ag. Metallurgical recoveries are assumed at 100% for the purpose of conceptual equivalence pending definitive metallurgical test work; actual recoveries may be lower. Cut-off grade applied for the entire drill hole composite interval (from surface to 399.9 m EOH) is 0.10 g/t AuEq with a maximum internal dilution of 5.0 consecutive metres. The additional composite intercepts are reported above a cut-off grade of 0.30 g/t AuEq with a maximum internal dilution of 3.0 consecutive metres. Table 2  Yarumalito drill hole collar location coordinates and status (as of October 6, 2026).

Hole ID

Easting
(m)1

Northing
(m) 1

Elevation
(m)

Dip

(°)

Azimuth
(°)

Total Depth
(m)

Status

YAR-45

1,160,646

1,108,831

1,939

-57

195

399.9

Reported

YAR-46

1,160,647

1,108,832

1,939

-65

276

251.2

Assays Pending

YAR-47

1,160,486

1,108,728

1,949

-49

135

263.25

Assays Pending

YAR-48

1,160,241

1,108,751

1,933

-51

215

304.1

Assays Pending

1: Bogotá 1975 / Colombia West Zone (EPSG:21892)

Data Verification

For drill core sampling, samples were taken from the HQ core by sawing the drill core in half, with one-half sent to ALS Labs Colombia for sample preparation and to ALS Peru (collectively "ALS") for assaying and the other half of the core retained at the site for future reference. Samples were taken systematically at 1.5 m intervals. ALS is a commercial laboratory certified to ISO 9001:2015 by IQNet and accredited to ISO/IEC 17025 by the Standards Council of Canada. The sample preparation facilities are located in Medellín, Colombia, while analytical services are provided in Lima, Peru. ALS is independent of GoldMining. GoldMining has implemented a quality assurance and quality control program for the sampling and analysis of drill core samples, including pulp duplicates, mineralized standards and blank samples for every 20 samples; coarse duplicates for every 100 samples and field duplicates for every 50 samples. The gold analyses are completed by the FA Au-AA24 method (fire-assay with an atomic absorption finish on 50 grams of material). Silver and copper assays are completed by the ME-ICP61 method (four-acid digestion with an ICP-AES finish).

Technical Information

The Project contains an initial Inferred mineral resource estimate based on 50 historical drill holes (drilled between 2005 and 2013) containing approximately 18,000 m of core. The resource estimate comprises 66.3 million tonnes at 0.58 g/t Au and 0.09% Cu for 1.23 million ounces Au and 129 million pounds Cu, reported at a cut-off grade of 0.50 g/t AuEq. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources have a high degree of uncertainty as to their existence and as to whether they can be economically or legally mined, and it cannot be assumed that all or any part of an Inferred mineral resource will be upgraded to a higher category. See the technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") titled "Technical Report Yarumalito Gold-Copper Property, Departments of Antioquia and Caldas, Republic of Colombia", with an effective date of April 1, 2020, which can be found on the Company's website or SEDAR+ at www.sedarplus.ca, for further details regarding key assumptions, parameters and methods.

Technical disclosure regarding Yarumalito has been prepared by the Company in accordance with NI 43-101. 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.  These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and the scientific and technical 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.

Qualified Person

Tim Smith, P. Geo., VP Exploration of GoldMining, has supervised the preparation of, verified and approved all scientific and technical information herein this news release. Mr. Smith is also a qualified person as defined in NI 43-101.

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.

Cautionary Statement on 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, statements respecting the Company's strategy and business plans, the timing and receipt of pending assay results for drill holes YAR-46 to YAR-48, the integration of drilling results into an updated geological model and mineral resource model, the continuity of mineralization and the exploration potential of 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, including assumptions regarding the timely receipt of assay results, the accuracy of the Company's geological interpretations, metal prices and the availability of financing. 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, the risk that pending assay results may not be consistent with results reported herein, 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.

, /PRNewswire/ -- Mayfair Gold Corp. ("Mayfair" or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to announce the appointment of Daniel Janusauskas, P.Eng., as Vice President, Technical Services, effective November 1, 2026. Mr. Janusauskas will lead the Company's technical services function as it advances and de-risks the 100%-owned Fenn-Gib Gold Project ("Fenn-Gib" or the "Project") toward a construction decision.

Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair Gold, stated: "I have worked closely with Daniel previously and know him to be an exceptional engineer with broad experience spanning mining operations, technical studies, and project development. His technical judgement, practical approach, and strength of character make him ideally suited to help lead Fenn-Gib through its next stage of development and toward becoming an operating gold mine. We are very happy to welcome him to Mayfair."

Daniel Janusauskas, P.Eng., is a mining engineer with more than 15 years of experience in technical services, mine planning, project development, and operations. Most recently, he served as Technical Services Manager at Generation Mining, where he helped advance the Marathon Copper-Palladium Project through feasibility updates, lender due diligence and independent engineer reviews, project financing, and the transition into construction.

Previously, Mr. Janusauskas held technical and leadership roles with Baffinland Iron Mines, Detour Gold, and BBA, with experience in operational ramp-up and optimization, life-of-mine planning, NI 43-101 studies, and project evaluation. He holds a Bachelor of Mining Engineering from McGill University and is a recipient of the CIM-Bedford Canadian Young Mining Leaders Award.

Mr. Janusauskas, P.Eng., incoming Vice President, Technical Services, added: "I am excited to join Mayfair Gold at an important stage in Fenn-Gib's development. Mayfair has assembled an experienced and agile team, and I look forward to bringing my project development and operational experience to help advance Fenn-Gib toward production and build Mayfair into an operating and growing gold company."

About Mayfair Gold

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100%-owned 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 0.74g/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.

___________________________

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, any anticipated permitting timelines, 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.

, /PRNewswire/ -- Mayfair Gold Corp. ("Mayfair" or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to announce that it has entered into a subscription agreement in connection with a strategic equity investment of C$10 million and an engagement letter and non-binding term sheet with Macquarie Bank Limited ("Macquarie") for a proposed C$300 million project finance facility (the "Facility"), for a total proposed financing package of up to C$310 million. The financing would support development of Mayfair's 100%-owned Fenn-Gib Gold Project ("Fenn-Gib" or the "Project") in the Timmins region of Northern Ontario.

Highlights

Equity investment – Macquarie has entered into a subscription agreement for C$10 million of Mayfair common shares, priced at $C4.26, representing a 10% premium to the 5-day VWAP, aligning a leading global resources bank with Mayfair's shareholders. Project finance facility - non-binding engagement letter to arrange a C$300 million project finance facility (inclusive of up to C$20 million capitalized interest) which, if completed on the terms contemplated, would fund the majority of the C$450 million initial development capital estimated in the 2026 Pre-Feasibility Study. Early draw feature – the proposed Facility includes a C$25 million early drawdown tranche expected to be available on closing, which would provide financial flexibility to fund early works, long-lead equipment purchases and detailed engineering ahead of full construction drawdowns. Interest rate – Adjusted Term Canadian Overnight Repo Rate Average "CORRA" plus 4.75% per annum, stepping down to Adjusted Term CORRA plus 4.25% per annum following project completion, with up to C$20 million of interest capitalizable during construction. Repayment terms aligned with the mine plan – quarterly repayments would commence six months after the start of commercial production, with full repayment no later than 72 months after initial drawdown of the Facility following the early drawdown tranche. Gold offtake – the financing package includes an offtake right in favour of Macquarie over the first 50,000 ounces of gold produced each year, to a maximum of 300,000 ounces, priced at a published reference price less US$50 per ounce, with 50% of such gold offtake vesting concurrently with signing of the engagement letter and closing of Macquarie's equity investment and the remaining 50% of such gold offtake vesting on closing of the Facility. Under the non-binding term sheet, Macquarie would act as Mandated Lead Arranger, Agent and Sole Underwriter of the Facility, which would be structured as a project finance facility. The proceeds would be used to partially fund the development, construction, commissioning and start-up of Fenn-Gib, together with associated working capital and project costs. The Facility would be secured by first-ranking security over the Project. Macquarie may, in consultation with Mayfair, arrange participation by additional lenders or risk participants in respect of a minimum of 30% of the Facility amount.

Kevin Annett, Mayfair's Chief Financial Officer, stated: "Entering into this engagement letter and financing term sheet represents an important milestone for Mayfair as we advance Fenn-Gib toward development. We are pleased to partner with Macquarie, a highly respected global financial institution with deep mining sector experience. The proposed financing provides a strong foundation for our broader project funding strategy while allowing us to maintain a disciplined approach to capital allocation and project execution. We believe Macquarie will be an excellent long-term partner as we advance Fenn-Gib and continue to grow the Company."

Mike Burns, Head of Mining Finance – Americas in Macquarie's Commodities and Global Markets business, added: "Fenn-Gib stands out as a Canadian gold project with the potential to become a significant new producer. Mayfair has taken a disciplined approach to advancing and de-risking the project, and we are pleased to bring Macquarie's global mining and project finance experience to support the next stage of its development. As a shareholder and through our engagement on the senior debt financing, we look forward to working with the Mayfair team as it advances Fenn-Gib towards construction and production."

The term sheet is non-binding. The proposed Facility and related transactions remain subject to completion of due diligence, including review by an independent engineer, negotiation and execution of definitive documentation, and satisfaction of conditions precedent customary for a financing of this nature.

The C$10 million strategic equity investment will be priced at C$4.26, representing a 10 percent (10%) premium to the 5-day volume-weighted average trading price of the Company's common shares on the TSX Venture Exchange on and including September 30, 2026, subject to Exchange approvals.

About Mayfair Gold

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100%-owned 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.

__________________________

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, any anticipated permitting timelines, the completion of the proposed financing with Macquarie on the terms described in this news release or at all, the availability, size, structure, pricing, drawdown and repayment of the project finance facility and the early draw tranche, the completion of the proposed equity investment and gold offtake, the sufficiency of the financing package relative to estimated development capital, 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.

Gold.com (GOLD - Free Report) ended the recent trading session at $42.85, demonstrating a -2.5% change from the preceding day's closing price. This change lagged the S&P 500's 0.77% loss on the day. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.

The precious metals trading company's shares have seen a decrease of 3.51% over the last month, not keeping up with the Finance sector's loss of 3.48% and the S&P 500's gain of 0.96%.

Analysts and investors alike will be keeping a close eye on the performance of Gold.com in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.88, marking a 340% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $5.37 billion, indicating a 45.93% growth compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates project earnings of $3.73 per share and a revenue of $22.37 billion, demonstrating changes of -27.29% and -12.31%, respectively, from the preceding year.

Investors should also pay attention to any latest changes in analyst estimates for Goldcom. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, there's been a 2.75% rise in the Zacks Consensus EPS estimate. At present, Gold.com boasts a Zacks Rank of #3 (Hold).

In terms of valuation, Gold.com is currently trading at a Forward P/E ratio of 11.78. This represents a premium compared to its industry average Forward P/E of 11.25.

The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 105, putting it in the top 43% 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.

To follow GOLD in the coming trading sessions, be sure to utilize Zacks.com.

 | Source: ATG Capital Management LP

ISS Concludes That ATG Capital Has Made a Compelling Case for Change at Empery Digital

ISS Finds the Board's Rejection of ATG Capital's Nominees Was an “Unjustified Substitution of the Board's Judgment for That of Shareholders” and That the Board's Functioning Has Been “Less Than Robust”

ISS Recommends That Stockholders WITHHOLD Support From Incumbent Directors Ian Read and Orn Olason, and Vote AGAINST the Company's Equity Incentive Plan

ATG Capital Urges Stockholders to Vote to Elect All Four of its Independent, Qualified Nominees Today and to WITHHOLD on Incumbent Directors Lane, Chauhan, Olason & Read

MIAMI, Sept. 25, 2026 (GLOBE NEWSWIRE) -- ATG Capital Management LP (“ATG Capital”), together with certain of its affiliates, is the beneficial owner of 4,500,000 shares, or more than 16%, of Empery Digital Inc. (Nasdaq: EMPD) (“Empery Digital” or the “Company”) and its largest non-affiliated stockholder, today announced that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. (“ISS”), has recommended that stockholders vote on ATG Capital’s GOLD universal proxy card FOR the election of Gabriel D. Gliksberg and Aaron T. Morris to Empery Digital’s Board of Directors (the “Board”) at the Company’s upcoming Annual Meeting of Stockholders on October 14, 2026 (the “Annual Meeting”).

ISS also recommended stockholders WITHHOLD support from incumbent director Orn Olason, as well as Nominating and Corporate Governance Committee Chair Ian Read, and vote AGAINST the approval of Empery Digital’s equity incentive plan.

In its report, ISS affirmed ATG Capital’s case for boardroom change, stating:1

“The board's rejection of the dissident nominations appears to be an unjustified substitution of the board's judgment for that of shareholders. In addition, the board's functioning, details of which have come to light in trial, has been less than robust. Against this backdrop, the dissident has made a case for change.”“The board's March 26 rejection of the dissident's nominations includes four categories, 27 subcategories, and a total of 19 alleged deficiencies with the dissident's nominee questionnaires. To use the board's own words, it took a ‘kitchen sink’ approach in rejecting the dissident's nominations.”“The board's most salient action in this proxy contest was to invalidate the dissident's nomination of director candidates. The Delaware Chancery Court has found that the board did so improperly… This invalidation, and the company's self-described ‘kitchen sink’ approach to denying the nominations, evidences a board that is willing to unjustifiably substitute its judgment for that of its shareholders.”“In addition, the infirm functioning of the company's board and committees present legitimate reasons for shareholders to be concerned, at the very moment when the company is transitioning again to a new business model, and strong board and committee oversight is necessary.”“[M]uch shareholder value was destroyed in the company's foray into the DAT market, and should the company's pivot into passive investments in data centers not pay off, it is unclear how long shareholders' patience with the company's strategy, which changed twice in less than a year, will continue.”“This proxy contest has highlighted various situations where the company's shareholder communications could have been more complete. Such situations are described below: … On March 23, 2026, the company announced a registered direct offering, the proceeds of which, the company explained, would be used to reduce its debt. Confusingly, one week earlier, it had stated that the company had adequate cash to maintain appropriate leverage ratios, and that it would use ‘existing cash balances … to fund future share repurchases and potentially repay additional portions of outstanding borrowings.’ … The contradictions among these component statements are evident … On Sept. 8, 2026, the company stated that at the outset of its dispute with the dissident, it had offered to appoint one dissident nominee to the board, and that such offer was still valid. Curiously, the original offer, which in conversation with ISS the board related that it occurred in April 2026, was not included in the board's Background of the Solicitation section of its proxy statement…The disclosure of related party transactions in the company's annual proxy materials and amendments to its 10-K report list such transactions, but … the board’s statements characterizing this disclosure have not always been correct.”
_______________
1 Permission to quote ISS was neither sought nor received. Emphasis added. ISS report dated September 24, 2026.

Gabi Gliksberg, Founder and Managing Member of ATG Capital, issued the following statement:

“ISS has now independently reviewed the full record in this contest and reached the same conclusion stockholders have been reaching for months: change is warranted at Empery Digital. It found that this Board substituted its own judgment for that of its stockholders, that the Board and its committees have not functioned as they should, and that stockholders should not vote the Company's card.

Empery has spent more than $20 million of stockholders’ money fighting to keep our nominees off the ballot. It lost in the Delaware Court of Chancery. It has now lost the argument with ISS as well.

We are gratified by ISS's support for two of our nominees, and we continue to believe that the case for all four is stronger still. The Board’s own conduct — a rejected nomination notice, a 30-minute meeting to decide a matter of this weight, a governance committee chair who testified he did not know he held the role — is precisely why a meaningful independent presence in this boardroom matters. We urge stockholders to vote FOR James Elbaor, Gabi Gliksberg, Meredith Kirshenbaum and Aaron Morris.”

Vote FOR ATG Capital’s Four Nominees

Vote FOR James C. Elbaor, Gabriel D. Gliksberg, Meredith S. Kirshenbaum and Aaron T. Morris to support a refreshed Board focused on maximizing value for ALL Empery stockholders.

Do NOT vote for Rohan Chauhan, Ryan Lane, Orn Olason or Ian Read.

As ATG Capital is using a universal proxy card that includes both the ATG Nominees and the Company's nominees, there is no need to use any other proxy card regardless of how you intend to vote. However, we strongly urge you NOT to sign or return any proxy card or voting instruction form you receive from the Company. Even returning the Company’s white card marked “withhold” as a protest will revoke any proxy you previously submitted to us.

Questions about how to vote? Contact Saratoga Proxy Consulting LLC at (212) 257-1311, (888) 368-0379 or [email protected].

About ATG Capital Management LP

ATG Capital Management LP is a privately-held investment firm that manages investment vehicles for select accredited investors. ATG Capital invests primarily in public equity markets, utilizing alternative strategies including direct and constructive engagement, in pursuit of providing superior investment returns.

Media & Investor Contact

Saratoga Proxy Consulting LLC
John Ferguson, (212) 257-1311
[email protected]

Gold.com Inc. (NYSE:GOLD – Get Free Report) Director Jeffrey Benjamin sold 13,952 shares of Gold.com stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $44.26, for a total value of $617,515.52. Following the completion of the sale, the director directly owned 279,594 shares in the company, valued at $12,374,830.44. This represents a 4.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gold.com Trading Up 2.1% Shares of GOLD stock opened at $44.71 on Wednesday. The stock has a 50 day simple moving average of $43.71 and a 200-day simple moving average of $43.53. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 15.31 and a beta of 0.56. Gold.com Inc. has a 12-month low of $23.00 and a 12-month high of $66.70.

Gold.com (NYSE:GOLD – Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The business had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter last year, the firm earned $0.41 earnings per share. On average, equities analysts forecast that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend The business also recently announced a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. Gold.com’s payout ratio is presently 27.40%. Key Gold.com News Here are the key news stories impacting Gold.com this week:

Positive Sentiment: Gold.com appointed Jill Van as chief financial officer, a leadership development that could support financial planning and investor confidence, although the announcement provided limited operational detail. Gold.com Names Jill Van as CFO Neutral Sentiment: A market comparison involving Herc Holdings and Gold.com offered no specific new information about Gold.com’s earnings, operations, or valuation, limiting its likely impact on the stock. Analyzing Herc and Gold.com Negative Sentiment: Director Jeffrey Benjamin sold 39,067 Gold.com shares over September 18–22 for approximately $1.74 million in total proceeds. His ownership declined to 261,546 shares, or roughly 13% below his pre-sale position. The sales may signal profit-taking rather than a fundamental change, but repeated insider selling can weigh on sentiment. SEC insider transaction filing Negative Sentiment: Gold.com recently settled at $43.80 after declining 3.65% despite broader market gains, indicating company-specific selling pressure. The weakness followed the company’s latest earnings report, which showed EPS and revenue below consensus estimates. Gold.com Stock Drops Despite Market Gains Institutional Inflows and Outflows A number of hedge funds have recently made changes to their positions in GOLD. Jacobs Asset Management LLC acquired a new position in shares of Gold.com during the 4th quarter worth $10,215,000. Empowered Funds LLC boosted its position in shares of Gold.com by 42.5% in the 1st quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock worth $11,103,000 after buying an additional 82,637 shares in the last quarter. CenterBook Partners LP acquired a new stake in Gold.com in the 4th quarter valued at about $9,171,000. Pacer Advisors Inc. acquired a new stake in Gold.com in the 4th quarter valued at about $6,185,000. Finally, Bank of New York Mellon Corp purchased a new position in Gold.com during the 2nd quarter valued at about $7,143,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities analysts have recently issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a report on Thursday, September 3rd. Canaccord Genuity Group decreased their price objective on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Wall Street Zen cut shares of Gold.com from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Finally, Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Read Our Latest Analysis on Gold.com

Gold.com Company Profile (Get Free Report)

Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through 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 complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.

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Gold.com Inc. (NYSE:GOLD – Get Free Report) Director Jeffrey Benjamin sold 7,067 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $45.24, for a total transaction of $319,711.08. Following the completion of the sale, the director owned 293,546 shares in the company, valued at approximately $13,280,021.04. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Gold.com Price Performance GOLD stock opened at $44.71 on Wednesday. The company has a 50 day simple moving average of $43.71 and a 200 day simple moving average of $43.53. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 15.31 and a beta of 0.56. Gold.com Inc. has a 1 year low of $23.00 and a 1 year high of $66.70.

Gold.com (NYSE:GOLD – Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same quarter in the prior year, the business earned $0.41 EPS. On average, equities research analysts anticipate that Gold.com Inc. will post 3.73 EPS for the current fiscal year.

Gold.com Announces Dividend The company also recently disclosed a special dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. Gold.com’s payout ratio is currently 27.40%. Institutional Trading of Gold.com Institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new stake in Gold.com during the 4th quarter worth about $41,000. SkyView Investment Advisors LLC acquired a new position in shares of Gold.com in the 2nd quarter valued at about $125,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gold.com during the 4th quarter valued at about $129,000. Integrated Wealth Concepts LLC bought a new stake in Gold.com in the second quarter worth approximately $225,000. Finally, Arizona State Retirement System lifted its stake in Gold.com by 7.1% in the second quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock valued at $226,000 after buying an additional 359 shares during the period. 62.85% of the stock is currently owned by institutional investors.

Gold.com News Roundup Here are the key news stories impacting Gold.com this week:

Positive Sentiment: Gold.com appointed Jill Van as chief financial officer, a leadership development that could support financial planning and investor confidence, although the announcement provided limited operational detail. Gold.com Names Jill Van as CFO Neutral Sentiment: A market comparison involving Herc Holdings and Gold.com offered no specific new information about Gold.com’s earnings, operations, or valuation, limiting its likely impact on the stock. Analyzing Herc and Gold.com Negative Sentiment: Director Jeffrey Benjamin sold 39,067 Gold.com shares over September 18–22 for approximately $1.74 million in total proceeds. His ownership declined to 261,546 shares, or roughly 13% below his pre-sale position. The sales may signal profit-taking rather than a fundamental change, but repeated insider selling can weigh on sentiment. SEC insider transaction filing Negative Sentiment: Gold.com recently settled at $43.80 after declining 3.65% despite broader market gains, indicating company-specific selling pressure. The weakness followed the company’s latest earnings report, which showed EPS and revenue below consensus estimates. Gold.com Stock Drops Despite Market Gains Analyst Ratings Changes A number of analysts have recently commented on the company. Wall Street Zen lowered Gold.com from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. Northland Securities set a $55.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Finally, Canaccord Genuity Group dropped their price target on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Read Our Latest Stock Report on Gold.com

About Gold.com (Get Free Report)

Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through 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 complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.

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TWO HOLES IDENTIFY SHALLOW, HIGH-GRADE ANTIMONY-GOLD MINERALIZATION 170 METRES NORTH OF PAST PRODUCING MERRIMAC MINE  TONOPAH, Nev., Sept. 22, 2026 /PRNewswire/ -- A2Gold Corp. ("A2Gold" or the "Company") (TSX-V: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to report that the first four holes from its initial reverse circulation ("RC") drill program at the Taylor Silver-Gold Project ("Taylor" or the "Project") have intersected shallow, high-grade antimony-gold mineralization and broad, high-grade silver mineralization.

HIGHEST-GRADE GOLD ASSAY REPORTED TO DATE AT EASTSIDE; RESULTS SUPPORT EMERGING STRUCTURAL MODEL FOR HIGHER-GRADE GOLD MINERALIZATION

, /PRNewswire/ -- A2Gold Corp. ("A2Gold" or the "Company") (TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to report assay results from diamond core drilling completed at the Castle Target, part of the Company's 100% owned, district-scale Eastside Gold-Silver Project in Esmeralda County, Nevada.

The program was designed to improve the Company's understanding of the geological and structural controls on gold mineralization at Castle and to test the potential for higher-grade mineralization within and beyond the current Castle mineral resource.

Figure 1: Plan view map that shows core holes completed during this program and significant intercepts

Figure 2: Northeast-looking cross-section A-A’ showing CAC-006, CAC-007, historical drill holes and gold intercepts in relation to the interpreted northwest-southeast structural corridor (parallel to this section) and favorable stratigraphic contacts.

Figure 3: Plan map that shows the current Castle mineral resource, interpreted northeast- and northwest-striking structural corridors, and areas for potential resource expansion and follow-up drilling.

Table 1: Gold Assay Results from the 2026 Core Drill Program at the Castle Target

Table 2: Silver Assay Results from the 2026 Core Drill Program at the Castle Target

The results represent an important advancement in A2Gold's geological interpretation of Castle. In addition to the broad mineralized envelope that hosts the existing Castle resource, core drilling has identified discrete zones of higher-grade gold associated with interpreted structural corridors and favorable lithological contacts. These results provide the Company with a more focused geological framework for targeting higher-grade mineralization within and beyond the existing Castle resource, shifting the exploration emphasis toward structurally controlled higher-grade zones rather than simply targeting extensions of broad, lower-grade mineralization.

Highlights

CAC-007 intersected 141.10 g/t gold over 0.9 metres from 75.9 metres downhole, at approximately 53 metres vertical depth (Figure 1). This represents the highest-grade gold assay reported to date from the Eastside Project. The intercept occurs within the current Castle resource and is associated with an interpreted northeast-striking structural zone. The CAC-007 high-grade intercept occurs along the same broader northeast structural trend associated with previously reported high-grade surface channel samples at Black Rock, which include 10.50 g/t Au over 0.26 metres and 5.63 g/t Au over 0.28 metres. The approximately 400-metre corridor between Black Rock and the CAC-007 high-grade intercept remains incompletely tested and represents a priority target for follow-up drilling.  CAC-006 intersected multiple high-grade gold intervals, including 9.72 g/t Au over 0.6 metres within a broader interval of 0.77 g/t Au over 23.7 metres, and 5.66 g/t Au over 0.2 metres within a broader interval of 0.68 g/t Au over 16.5 metres. These intervals occur near favorable lithological contacts within an interpreted northwest-trending structural corridor and provide additional evidence that higher-grade mineralization at Castle may be more extensive than previously recognized. The drilling supports an emerging geological model in which higher-grade gold mineralization may be controlled by northeast- and northwest-striking structures and favorable lithological/stratigraphic contacts, particularly where these features intersect. The 2026 core program also identified broad zones of silver mineralization that were not systematically characterized by historical drilling, including 13.3 g/t Ag over 19.5 metres inCAC-006 and 10.3 g/t Ag over 41.6 metres inCAC-003. These results indicate that silver may represent a more significant component of the Castle mineralized system than previously recognized.  Figure 1: Plan view map that shows core holes completed during this program and significant intercepts

Peter Gianulis, CEO of A2Gold, commented:
"These results are important because they begin to change the way we think about Castle. Castle has historically been viewed primarily as a large, near-surface, lower-grade mineralized system. Our current exploration strategy is increasingly focused on identifying the structural controls that may host materially higher-grade gold within that broader system. 

The 141.10 g/t gold intercept in CAC-007 is the highest-grade assay reported to date at Eastside and occurs only approximately 53 metres vertically below surface. Importantly, we do not view the CAC-007 result in isolation. Together with the high-grade surface mineralization previously identified at Black Rock along the same broader structural trend, it provides us with a specific corridor to systematically test for continuity of higher-grade mineralization.

 Our next objective is straightforward: follow these structures, test the intersections between structural corridors and favorable stratigraphy, and determine whether these high-grade occurrences form part of continuous vein or feeder systems. That will be an important focus of the next phase of drilling at Castle."

Castle Core Drilling Results
The current drill program was designed to improve understanding of the structural and stratigraphic controls on gold mineralization. The program targeted key structural orientations and stratigraphic contacts identified through historical drilling and recent geological interpretation, with the resulting core enabling detailed characterization of lithological contacts, structural features, alteration and veining and their relationship to gold mineralization.

CAC-007 – Shallow High-Grade Gold
Hole CAC-007 intersected 141.10 g/t gold over 0.9 metres beginning at 75.9 metres downhole, approximately 53 metres vertically below surface.

The high-grade interval occurs within a broader zone of lower-grade gold mineralization including 0.16 g/t gold over 16.9 metres and is associated with a fault interpreted to strike northeast-southwest and dip to the northwest. This structure juxtaposes Tertiary volcanic rocks against Paleozoic sedimentary basement rocks.

Results from CAC-007 support the Company's interpretation that higher-grade mineralization may be structurally controlled and associated with the interpreted northeast-trending corridor at Castle. This structural orientation can now be systematically tested along strike and down dip to assess the continuity and scale of the higher-grade mineralization.

CAC-006 – Structural and Stratigraphic Controls
Hole CAC-006 intersected 9.72 g/t gold over 0.6 metres beginning at 71.0 metres downhole within a broader interval of 0.77 g/t gold over 23.7 metres, and 5.66 g/t gold over 0.2 metres beginning at 110.2 metres downhole within a broader interval of 0.68 g/t gold over 16.5 metres.

The higher-grade intervals encountered in CAC-006 (Figure 2) occur within broader zones of gold mineralization near favorable lithological contacts within the volcanic sequence and in proximity to an interpreted northwest-striking, steeply dipping structural corridor.

Figure 2: Northeast-looking cross-section A-A' showing CAC-006, CAC-007, historical drill holes and gold intercepts in relation to the interpreted northwest-southeast structural corridor (parallel to this section) and favorable stratigraphic contacts.

Geological Significance and Exploration Potential
The 2026 core program has refined the Company's geological interpretation of the Castle mineralized system and identified three potential controls on higher-grade gold mineralization (Figures 2 & 3).

The first potential control is an interpreted northeast-striking, moderately northwest-dipping structural zone that juxtaposes Tertiary volcanic rocks and Paleozoic sedimentary basement rocks. CAC-007 tested this feature and returned the highest-grade gold assay reported to date at Eastside. High-grade vein samples previously collected and assayed from the Black Rock surface outcrop are also associated with this broader structural trend (Press Release dated June 3, 2026). The Company considers the corridor between Black Rock and CAC-007 and the projected extension of this structure to be a priority target for additional drilling.

The second potential control is an interpreted northwest-striking, steeply dipping structural corridor that transects the central Castle resource area. Offsets in lithology and mineralization observed in historical drilling, together with the distribution of the new higher-grade intervals, provide evidence that this corridor may influence the distribution of gold mineralization. Additional drilling will be required to establish its geometry and continuity.

The third potential control is favorable stratigraphy and lithological contacts within the overlying volcanic sequence and the contact with underlying Paleozoic basement. These contacts may have provided favorable pathways for hydrothermal fluids and sites for gold and silver deposition.

The Company's current interpretation is that higher-grade mineralization may preferentially occur where structural and stratigraphic controls intersect. The interpreted corridors extend through and beyond portions of the current Castle mineral resource, providing targets for additional drilling and potential resource expansion.

Figure 3: Plan map that shows the current Castle mineral resource, interpreted northeast- and northwest-striking structural corridors, and areas for potential resource expansion and follow-up drilling.

The 2026 core program has also identified broad zones of silver mineralization that were not systematically characterized by historical drilling, which predominantly reported only gold assays. Results include 13.3 g/t Ag over 19.5 metres in CAC-006 and 10.3 g/t Ag over 41.6 metres in CAC-003, indicating that silver may represent a more significant component of the Castle mineralized system than previously recognized. Systematic silver assaying in future drilling will improve understanding of silver distribution and its relationship to gold mineralization and provide additional data for consideration in future resource estimates.

Future drilling will build on these results and focus on infilling and extending the interpreted higher-grade trends within the current Castle resource, testing their projected extensions beyond the resource boundary, and evaluating their relationship to favorable stratigraphic contacts. Reinterpretation of historical drilling together with the new core data is underway to refine the structural interpretation and identify additional drill targets.

John Marma, Vice President, Exploration, commented:
"The objective is no longer simply to demonstrate that Castle contains a broad gold-mineralized system. The objective now is to understand where that system concentrates gold into significantly higher-grade zones. CAC-006 and CAC-007 support the interpretation that higher-grade gold is associated with specific structural orientations and favorable lithological contacts, with the strongest result occurring where these features converge. This provides a more focused framework for step-out and infill drilling along the interpreted structural corridors, including areas beyond the current Castle resource. The new silver results are also important, as they indicate that silver may represent a more significant component of the Castle mineralized system than previously recognized."

Mineral Resource Context
Castle hosts an existing NI 43-101 Inferred Mineral Resource. The current resource estimate comprises 19.986 million tonnes grading 0.49 g/t gold, containing approximately 314,000 ounces of gold at a 0.15 g/t Au cut-off grade. The resource estimate has an effective date of July 30, 2021. 

The Company cautions that the results reported in this release have not been incorporated into the existing mineral resource estimate, and there is no assurance that the results reported herein or additional drilling will result in an increase to the mineral resource.

Table 1: Gold Assay Results from the 2026 Core Drill Program at the Castle Target

Table 2: Silver Assay Results from the 2026 Core Drill Program at the Castle Target

Gold Table Notes: Reported gold drill intercepts were calculated using a series of increasing cutoffs: 0.15 g/t gold cut-off grade with a nominal maximum of 4.0 metres of consecutive internal dilution; a 1 g/t gold cut-off grade with a nominal maximum of 3.0 metres of consecutive internal dilution; and a 5 g/t gold cut-off grade with a nominal maximum of 3.0 metres of consecutive internal dilution. No limit was applied to the total amount of non-consecutive internal dilution included within a composite. All reported intercepts begin and end with assays above the applicable cut-off grade. Composite intervals were calculated using uncapped raw assay values. 

Silver Table Notes: Reported silver drill intercepts were calculated using a nominal cutoff of 5 g/t silver with a nominal maximum of 4.0 metres of consecutive internal dilution. No limit was applied to the total amount of non-consecutive internal dilution included within a composite. All reported intercepts begin and end with assays above the applicable cut-off grade. Composite intervals were calculated using uncapped raw assay values.

Reported intervals represent downhole drilled lengths; true widths have not yet been determined.

Core recovery was variable. Where applicable, reported intercepts containing incomplete core recovery were calculated using a length-weighted average grade of recovered core applied over the total interval. Consequently, some reported intercepts may contain intervals of core loss.

Quality Assurance / Quality Control
The core drilling program included the routine insertion of certified reference materials, blanks, and duplicates as part of the Company's quality assurance and quality control ("QA/QC") procedures. Drill samples were submitted to American Assay Laboratories in Sparks, Nevada, an ISO/IEC 17025 accredited analytical laboratory.

Gold analyses were completed using a 30-gram fire assay with an ICP-OES (optical emission spectrometry) finish. Samples exceeding the laboratory's upper detection limit are reanalyzed using gravimetric methods. Silver analyses were completed using a 5-acid digestion and an ICP-OES finish.

Qualified Person
John Marma, CPG, a Certified Professional Geologist with the American Institute of Professional Geologists and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this news release.

About A2Gold Corp

A2Gold Corp. has built a multi-asset gold-silver exploration platform in Nevada, one of the world's premier mining jurisdictions. The Company controls approximately 230 km² of prospective mineral tenure across its Eastside and Taylor projects, both district-scale assets with large precious metals resources with significant exploration and resource growth potential. 

Eastside hosts an inferred mineral resource of 1.4 million ounces of gold and 8.8 million ounces of silver*, while Taylor adds a highly prospective exploration district with gold, silver, antimony and porphyry-skarn upside. Backed by a fully funded exploration program and a strong pipeline of catalysts, A2Gold is focused on unlocking value through resource expansion, new discoveries and systematic district-scale exploration. 

A2Gold is also supported by a strong shareholder base, including Kinross Gold Corporation, which owns approximately 9.9% of the Company's issued and outstanding shares.

* Updated Resource Estimate and NI 43-101 Technical Report, Eastside and Castle Gold-Silver Project Technical Report, Esmeralda County, Nevada," prepared by Mine Development Associates of Reno, Nevada, with an effective date of July 30, 2021. Pit-constrained Inferred Resources, using a cut-off grade of 0.15 g/t Au, total 61,730,000 tonnes grading 0.55 g/t Au and 4.4 g/t Ag at the Original Pit Zone, representing 1,090,000 ounces of gold and 8,700,000 ounces of silver, and 19,986,000 tonnes grading 0.49 g/t Au at the Castle Area, representing 314,000 ounces of gold, using a gold price of US$1,725/ounce. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.

On Behalf of the Board
Peter Gianulis, CEO

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

Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which are referred to collectively as "forward-looking statements." The United States Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements.

Forward-looking statements in this news release include, but are not limited to, statements regarding A2Gold's exploration plans for the Castle Target and Eastside Project; the interpretation of structural and stratigraphic controls on higher-grade mineralization; the potential continuity, scale and extension of higher-grade gold and silver mineralization; the potential for interpreted structural corridors to host continuous vein or feeder systems; planned follow-up, infill and step-out drilling within and beyond the current Castle mineral resource; potential resource expansion; the systematic evaluation of silver mineralization; the reinterpretation of historical drilling; and A2Gold's future exploration and development plans.

Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "seek," "expect," "anticipate," "budget," "plan," "estimate," "continue," "forecast," "intend," "believe," "predict," "potential," "target," "may," "could," "would," "might," "will" and similar words or phrases, including negative variations, suggesting future outcomes or statements regarding an outlook.

Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release.

Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements are described in the sections entitled "Risk Factors" in A2Gold's Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR+ under A2Gold's profile. Actual results and future events could differ materially from those anticipated in such statements. A2Gold undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

SOURCE A2 Gold Corp

On September 18, 2026, Gold.com Inc GOLD shares fell 3.0% to $45.46, reflecting a notable decline in the stock's price amid a 52-week range of $23.00 to $66.70. This performance comes after a year of substantial gains, with the stock up 74.6% over the past 12 months.

GF Value™ verdict: Currently priced at $45.46, GOLD is estimated to be 19.6% undervalued compared to its GF Value™ of $56.54.GF Score™: GOLD has a GF Score™ of 75/100, indicating an above-average assessment based on a range of financial metrics.Most notable signal: Insider activity shows a net selling of $19.6M over the past year, with insiders buying $35.8M and selling $55.4M in shares.Is GOLD Overvalued or Undervalued?The current market price of Gold.com Inc GOLD at $45.46 suggests a potential opportunity for investors, as it trades significantly below the GF Value™ estimate of $56.54. This indicates a margin of safety of approximately 19.6%, suggesting that the stock is undervalued at its current price. The GF Value™ represents GuruFocus' proprietary intrinsic value estimate, which is based on historical trading multiples, past business growth, and future performance projections. GOLD's designation as "modestly undervalued" suggests that there may be room for appreciation, although investors should remain cautious of market volatility.

While the stock's recent performance has trended positively over the past year, the risk remains that market conditions could lead to further declines. Investors should weigh these factors carefully when considering the potential upside of the current valuation.

How Does GOLD's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)15.6x6.7xForward P/E14.6xN/AGold.com Inc's current P/E ratio of 15.6x is significantly above its 5-year median P/E of 6.7x, indicating that the stock is trading at a premium compared to its historical valuation. This divergence suggests that while the GF Value™ indicates the stock is undervalued, the P/E analysis raises questions regarding whether the market has fully priced in the potential for future growth.

What Does GOLD's GF Score™ Tell Us?The GF Score™ is a comprehensive measure that evaluates a company's financial health and growth potential based on various factors. With a score of 75/100, Gold.com Inc demonstrates a solid standing within the market. Its strongest sub-rank is the Valuation Rank at 10/10, indicating an attractive valuation based on its current price. However, the Growth Rank is notably weaker at 3/10, suggesting challenges in sustaining growth moving forward.

MetricRatingGF Score™75Financial Strength8/10Profitability7/10Growth3/10Valuation10/10Momentum6/10Overall, the combination of these scores reflects a company with strong financial strength and profitability, yet it faces challenges in growth. The high valuation rank reinforces the notion that GOLD may present a buying opportunity, despite the lower growth expectations.

What Are Gurus and Insiders Doing with GOLD?Currently, no gurus hold Gold.com Inc, with 0 adding and 4 trimming their positions in recent quarters. This lack of guru interest could signal caution among institutional investors, which may warrant attention from potential investors. In contrast, insider trading data shows that over the past 12 months, insiders bought $35.8M worth of shares but also sold $55.4M, resulting in a net selling of $19.6M. This trend indicates that while there is some confidence from insiders, the selling activity may reflect personal financial decisions rather than a strong belief in the company's near-term prospects.

What This Means for InvestorsIn conclusion, Gold.com Inc GOLD is currently undervalued according to its GF Value™ at $56.54, presenting a potential opportunity with a margin of safety of 19.6%. However, the elevated P/E ratio compared to its historical average and the lack of support from guru investors suggest that caution is warranted. A comprehensive review of the company's fundamentals and market conditions is essential for making informed investment decisions. For more details, visit the Gold.com Inc (GOLD) stock page for complete analysis.

Frequently Asked QuestionsWhat is GOLD's GF Score™?

GOLD has a GF Score™ of 75/100, indicating above-average performance across various financial metrics.

Is GOLD overvalued or undervalued?

According to GF Value™, GOLD is currently undervalued with a margin of 19.6% compared to its estimated fair value.

What is GOLD's P/E ratio?

The current P/E ratio for GOLD is 15.6x, which is significantly higher than its 5-year median P/E of 6.7x.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

-- Proxy advisor recommends voting “FOR” two of PVG’s director nominees and “AGAINST” two incumbent director nominees including the board’s current chair on the GOLD Universal Proxy Card –

-- PVG encourages stockholders to vote to elect all six of its director nominees by voting the GOLD Universal Proxy Card to help the Company realize the full potential of its valuable assets --

CENTENNIAL, Colo., Sept. 17, 2026 (GLOBE NEWSWIRE) -- PVG Asset Management Corp. (“PVG”), a stockholder of 337,663 shares of Anavex Life Sciences Corp. (NASDAQ: AVXL) (“Anavex” or the “Company”), announced that leading independent proxy advisory firm Glass Lewis & Co. (“Glass Lewis”) recommended that AVXL stockholders vote the GOLD Universal Proxy Card at the Company’s September 24, 2026 annual meeting.

In addition, Glass Lewis recommended that stockholders vote “FOR” the election of PVG director nominees Curtis Hogue and Jason Kolbert to the Company’s board of directors and “AGAINST” incumbent director and Chairperson Jiong Ma and incumbent director Claus van der Velden on the GOLD Universal Proxy Card.

Glass Lewis, in its recent Anavex report(1): also:

Stated, “the balance of available factors fundamentally suggests the incumbent board's oversight has been measurably ineffective, and that further accountability is warranted at this time.”Added, “PVG credibly establishes that functionally inert stewardship by long-serving board members directly contributed to strategic turbulence, executive tumult, regulatory lapses, structural weaknesses and persistent and material downside performance.”Found that “the current board remains uniquely and heavily insulated from its own errant stewardship…. Recent losses thus arguably seem to have had a de minimis impact on the current Anavex slate, notably including culpable, long-serving directors who hold sway over substantially all critical oversight functions.”Observed, that for incumbent director nominees Ma and van der Velden, “neither candidate appears to have substantive life sciences credentials … both appear to have tech-weighted backgrounds that do not clearly align with the Company's current strategic needs or clinical priorities.”Suggested removing “Ma and van der Velden in favor of novel candidates with more relevant expertise, fresh perspectives and, critically, no evident responsibility for the circumstances giving rise to Anavex's strategic missteps, regulatory headwinds, dubious governance architecture and substantial trading declines.”Stated, “the board formed an open-ended committee with a lopsided mandate, terminated the former CEO, elevated an interim executive with operational familiarity but questionably robust expertise, hit a cascade of recently resolved regulatory stumbling blocks and impinged on the Company's capital raising alternatives at a critical juncture.”Reasoned that “alternate candidates with more direct industry and capital markets expertise would represent a positive shift relative to the status quo.”Noted that the current board’s critique of PVG director nominees “lands awkwardly next to the observed expertise of several targeted Anavex incumbents, ultimately striking an off-key ‘rules for thee, not for me’ chord,” adding, several alternate nominees do appear to offer prospectively valuable biotechnology and capital markets expertise.”
(1) Permission to use quotations from Glass Lewis was neither sought nor obtained. Emphasis added by PVG.

“We believe Glass Lewis surgically dismantled Anavex directors’ defense of our case for change, reinforcing our view that time is of the essence for refreshment of the entire board by electing all six of PVG’s director nominees,” said Patrick S. Adams, President of PVG Asset Management Corporation. “In recommending that stockholders vote against incumbents Ma and van der Velden, who have already served five and eight years as independent Anavex directors, we are persuaded that Glass Lewis recognized the current board’s recent half-measures have been too little, too late.

“Glass Lewis also highlighted the reality that one current director owns AVXL stock totaling just 5,000 shares, the balance of the current board’s beneficial ownership position is in the form of underwater options, and three of the company’s director nominees have no economic exposure to Anavex at all,” Adams added. “Stockholders should insist that this board finally have skin in the game and elect all six PVG nominees, who are committed to requiring meaningful stock ownership for all directors and officers as part of our plan to restore and maximize shareholder value.”

PVG believes Anavex requires a new Board to provide appropriate oversight, as well as an experienced biotechnology CEO capable of restoring credibility with investors, securing the capital necessary to advance key clinical programs, and creating long-term value for all stockholders.

PVG encourages all stockholders to carefully review its proxy materials and vote the GOLD Universal Proxy Card to elect PVG’s six nominees at the 2026 Annual Meeting.

For additional information regarding PVG’s campaign for change at Anavex, please visit: www.AnavexVotePVG.com.

If you have any questions, require assistance in voting your GOLD universal proxy card, or need additional copies of PVG Group’s proxy materials, please contact:

1055 Washington Boulevard, Suite 520
Stamford, CT 06901Stockholders may call toll-free: (877) 972-0090
Banks and brokers call collect: (203) 972-9300
E-mail: [email protected]

Participants in the Solicitation

The participants in PVG’s solicitation of proxies are PVG Asset Management Corporation, Patrick S. Adams, Jason Kolbert, Ralf von Ziegesar, Rene Mora, John Boris and Curtis Hogue (collectively, the “Participants”). Information concerning the identity of the Participants and a description of their direct or indirect interests, by security holdings or otherwise, is included in PVG’s Definitive Proxy Statement and related SEC filings.

Forward-Looking Statements

This release and any related communications contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are not historical facts, including statements regarding PVG’s plans, objectives, beliefs, strategies and expectations relating to the 2026 Annual Meeting, the proxy solicitation, the Company, the Company Board of Directors, the PVG nominees, stockholder value and the potential outcome of PVG’s solicitation.

These statements may be identified by words such as “believes,” “expects,” “anticipates,” “plans,” “intends,” “estimates,” “may,” “will,” “would,” “could,” “should” and similar expressions, or the negative thereof. Actual results may differ materially from those projected or contemplated by these forward-looking statements due to various risks and uncertainties, including those described in applicable filings made by the Company and PVG with the SEC.

Stockholders are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. PVG and the Participants do not undertake any obligation to update or revise any forward-looking statements, except as required by applicable law.

Important Additional Information and Where to Find It

PVG, together with the other Participants, has filed a definitive proxy statement on Schedule 14A and accompanying GOLD Universal Proxy Card with the SEC in connection with the solicitation of proxies from stockholders of the Company relating to the 2026 Annual Meeting.

STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING GOLD UNIVERSAL PROXY CARD, ANY AMENDMENTS OR SUPPLEMENTS THERETO, AND ANY OTHER DOCUMENTS FILED BY PVG WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BEFORE MAKING ANY VOTING DECISION BECAUSE THEY CONTAIN IMPORTANT INFORMATION.

The Definitive Proxy Statement, GOLD Universal Proxy Card and other relevant materials filed by PVG with the SEC are available at no charge at the SEC’s website at https://www.sec.gov/.

Contact:
Patrick S. Adams
PVG Asset Management Corporation
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33d49f79-50c6-40bf-b759-4542d16fbac0

Gold.com (GOLD - Free Report) ended the recent trading session at $47.32, demonstrating a -1.87% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.48%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.56%.

Shares of the precious metals trading company witnessed a gain of 9.59% over the previous month, beating the performance of the Finance sector with its loss of 0.73%, and the S&P 500's loss of 0.82%.

Market participants will be closely following the financial results of Gold.com in its upcoming release. The company's upcoming EPS is projected at $0.88, signifying a 340.00% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.37 billion, indicating a 45.93% increase compared to the same quarter of the previous year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.73 per share and a revenue of $22.37 billion, signifying shifts of -27.29% and -12.31%, respectively, from the last year.

Any recent changes to analyst estimates for Gold.com should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 2.75% rise in the Zacks Consensus EPS estimate. At present, Gold.com boasts a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Gold.com has a Forward P/E ratio of 12.93 right now. This denotes a premium relative to the industry average Forward P/E of 11.74.

The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 36% 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.

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

, /PRNewswire/ -- Falcon Gold Corp. (TSXV: FG) (FSE: 3FA) (OTC-Pink: FGLDF) ("Falcon" or the "Company") is pleased to announce that it has commenced field exploration at its West Hammond Contact Property in northwestern Ontario, advancing the Company's strategy of assembling and evaluating prospective gold exploration opportunities within the Atikokan–Hammond Reef Gold District.

Image 1. West Hammond Contact Property in relation to Agnico Eagles’s Hammond Reef The West Hammond program represents the next step in Falcon's effort to build a district-scale exploration portfolio around its Central Canada Gold Project. The Company is focused on identifying prospective satellite targets and additional gold-bearing systems within the broader regional geological setting.

"Falcon is strategically positioned in an emerging gold district anchored by the Hammond Reef deposit, one of Canada's significant undeveloped gold deposits," said Karim Rayani, Chief Executive Officer of Falcon Gold. "Our strategy is to acquire prospective ground in established gold-bearing districts, evaluate historical occurrences and structural targets, and systematically advance opportunities that may have been overlooked. West Hammond is an important part of that strategy, and we are pleased to begin evaluating the property on the ground."

A District with a Long Mining History

The Atikokan–Hammond Reef district has a history of gold exploration and development extending back more than a century. Gold was discovered at Hammond Reef in 1895, followed by early underground development and subsequent exploration by several major and junior mining companies. The project was later advanced through extensive drilling and technical studies by Brett Resources and Osisko before becoming part of Agnico Eagle's portfolio. According to Agnico Eagle's public disclosure, Hammond Reef hosts approximately 3.3 million ounces of probable gold reserves and an additional 2.3 million ounces of measured and indicated gold resources as of December 31, 2025.1 The project has received federal and provincial environmental approvals, although additional permits and a development decision would be required before construction.

Falcon believes the scale and history of Hammond Reef demonstrate the significance of the broader district and support continued exploration for additional gold-bearing systems. Mineralization at Hammond Reef is not necessarily indicative of mineralization on Falcon's properties.

West Hammond Exploration

The West Hammond Contact Property comprises 156 mining claims covering approximately 3,068 hectares. The property is situated within the prospective Finlayson Greenstone Belt and associated regional structural corridors, including interpreted extensions of the Marmion Shear Zone.

Historical exploration has identified gold occurrences, geochemical anomalies and favourable geological contacts across the property. Falcon's initial field program will focus on prospecting and geological evaluation of priority areas, with the objective of refining targets for follow-up exploration.

"Rather than relying on a single project, we are building a portfolio of prospective exploration opportunities within a district that has already demonstrated its ability to host significant gold mineralization," added Rayani. "Our approach is to acquire strategically located ground, apply disciplined exploration and advance the most compelling targets as the geological picture develops."

The Company looks forward to providing an update in the coming weeks following completion of the sampling program and the definition of priority targets for follow-up exploration.

Qualified Person

The Technical content of this news release has been reviewed and approved by Mike Kilbourne, P. Geo., a Qualified Person as defined by the National Instrument 43-101- Standards of Disclosure for Mineral Projects, who is independent of and at arm's length to Falcon Gold Corp.

References

Agnico Eagle Mines Limited, "Hammond Reef," Operations & Projects.
https://www.agnicoeagle.com/English/operations-and-projects/exploration-projects/hammond-reef/default.aspx Information concerning the Hammond Reef Project has been obtained from publicly available information and has not been independently verified by Falcon Gold Corp. Mineralization on adjacent or nearby properties is not necessarily indicative of mineralization on Falcon Gold Corp.'s properties.

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.

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

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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

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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.

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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

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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 %
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