Mining Discovery - The First Choice for Mining News and Insights

PRE-OPEN Canadian futures fell alongside Nasdaq futures after Amazon signaled continued heavy AI investment and Intel warned of ongoing cash burn, raising questions over AI-driven returns. Global markets are lower as renewed concerns over AI spending pressured technology stocks.

Precious metals surged on Wednesday after Democrats swept both chambers of Congress. Gold gained roughly 3% to about $4,050 an ounce, reclaiming the $4,000 level, while silver jumped close to 5% to near $52. Platinum rose as much as 4.4% to around $1,470, and palladium led the group with a gain of about 6.5% to roughly $995. The common thread was the US Dollar Index, which slid to a five-week low near 101.2 as Treasury yields fell. Markets read the result as gridlock that could stall the administration's tax cut, tariff and deregulation agenda and remove some of the fiscal fuel that has supported the dollar this year. Gold futures finished the session near $4,073, up about 4.5% on the week.

Precious metals surged on Wednesday after Democrats swept both chambers of Congress. Gold gained roughly 3% to about $4,050 an ounce, reclaiming the $4,000 level, while silver jumped close to 5% to near $52. Platinum rose as much as 4.4% to around $1,470, and palladium led the group with a gain of about 6.5% to roughly $995. The common thread was the US Dollar Index, which slid to a five-week low near 101.2 as Treasury yields fell. Markets read the result as gridlock that could stall the administration's tax cut, tariff and deregulation agenda and remove some of the fiscal fuel that has supported the dollar this year. Gold futures finished the session near $4,073, up about 4.5% on the week.

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2026) - Dryden Gold Corp. (TSXV: DRY) (OTCQX: DRYGF) (FSE: X7W) ("Dryden Gold" or the "Company") is pleased to announce that it has signed an Early Exploration Agreement (the "Agreement") with Eagle Lake First Nation ("ELFN"), establishing a framework for ongoing engagement, collaboration, and mutual respect as the Company advances exploration activities within Eagle Lake First Nation's traditional territory.

SYDNEY – Appian Capital Advisory, a London-based private equity firm, is in talks with the European Bank for Reconstruction and Development (EBRD) and others for funds to invest in critical minerals projects, an executive at the firm told Reuters.

Idaho is a Mining State

Independent valuation opinion with listed comparables, precedent transactions and sum-of-the-parts analysis