Gold has been grabbing headlines with a powerful rally, but Frank Holmes, CEO of U.S. Global Investors (NASDAQ:GROW), argues the bigger story may be unfolding beneath the surface.
Gold miners have dramatically outpaced the metal itself, posting one of their strongest weekly gains in decades. Holmes says the move comes despite traditionally unfavorable conditions for gold, including elevated real interest rates, while investor positioning remains surprisingly restrained. At the same time, miners are generating significantly more cash flow, expanding margins and taking a more disciplined approach to capital allocation.
Montero Mining and Exploration Ltd (TSX-V:MON, OTC:MXTRF) is moving to raise up to C$2.2 million through a private placement, proceeds it says will go toward drilling at its Elvira Gold Project and advancing its broader portfolio of Chilean mineral assets.
The non-brokered offering will consist of up to 4 million units priced at C$0.55 each. Each unit includes one common share and one half of one common share purchase warrant, with each whole warrant exercisable at C$0.70 for twelve months from issuance.
Snail Inc (NASDAQ:SNAL) has confirmed its Gamescom 2026 lineup, headlined by the unveiling of its second internally developed AAA title set within the 9 Yin Sutra universe. The new title takes place in a parallel timeline and alternate universe to 9 Yin Sutra: Immortal, which debuted at ChinaJoy on July 30.
Noble analysts view the concentration of two of Snail's three AAA projects within a single IP family as a potential efficiency driver. In their assessment, this approach should improve development and marketing efficiency while making outcomes across those titles more correlated.
EnWave Corp (TSX-V:ENW, OTC:NWVCF, FRA:E4U) delivered stronger quarterly results, with a large-scale equipment sale and rising royalties driving revenue growth and a sharply narrower loss.
The Vancouver-based dehydration technology company reported third-quarter revenue of $3.3 million, up $569,000 from the same period last year, driven by the sale of a fully fabricated large-scale machine that had been held in inventory, along with higher royalties.
Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF), the critical and precious metals developer, has finalised a first-phase mine plan for the Barbrook gold project in South Africa, targeting first gold concentrate within six months.
The company said the phased restart would use the processing plant and infrastructure already in place at the site in Mpumalanga province.