Morning Briefing: Royal Gold signs a $1B Gold Stream Deal

Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.

It's Tuesday, August 5th

Gold was on move higher again yesterday, meeting technical trend resistance once again, closing the day at $3,426/oz on the December contract. That was a gain of more than $26 on the day. Despite Canada being on holiday yesterday, the US markets did the lifting in the gold miners. The GDX gained 4 and three quarters percent yesterday while the GDXJ was up almost 4%. Again, the metals are hinged to the movement of the dollar, which is seeing some gains early this morning after a waterfall moment on Friday after non-farm payrolls and its revisions showed problems in the labor sector. 

We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor. 

This episode of Mining Stock Daily is brought to you by…Vizsla Silver

Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 375,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at ⁠https://vizslasilvercorp.com/⁠

And here’s what you need to know this morning….. 

Integra Resources announced initial results from the 2025 resource growth drilling program at the Company's primary operating asset, the Florida Canyon Mine  located in Nevada. The drill program marks the first phase of a multi-year growth strategy designed to expand mineral reserves and resources, extend mine life, and enhance the value of Florida Canyon. Initial results from the North Mine Dump confirmed broad, near-surface intervals of oxide gold mineralization with consistent gold grades and excellent heap leach potential. Top intercepts included .28 g/t oxide gold over 68.6m, .36 g/t oxide Au over 71.6m and .37 g/t over 47.2m. Approximately 70% of drill intercepts exceed the current mine cut-off grade of 0.11 g/t Au. Drilling from the Inter-pit areas of Florida Canyon also returned positive results, with .47 g/t Au over 39.6m at North Pit and .27 g/t over 114.3m at the Central/Radio Tower Saddle. (TSXV: ITR) (NYSE American: ITRG) News Release

Orosur Mining provided results of 3 holes from their recently announced infill drill program on the Anzá Gold Project in Colombia. The Company has taken the formal decision to commence infill drilling at its Pepas gold prospect, with the target of moving Pepas to a NI43-101 compliant Mineral Resource Estimate (MRE) by the end of the year. Results reported today include 104m of 6.61 g/t Au, 32.3m of 3.65 g/t and 94.2m of 3.74 g/t Au. While drilling continues, in the near term, the Company will soon begin to undertake additional studies on such issues as metallurgy, mining planning and logistics, so that Pepas can be advanced as quickly as possible post its maiden MRE. (TSXV:OMI) News Release

Sitka Gold have confirmed discovery of a third reduced intrusion-related gold deposit at the RC Gold Project in Yukon. Results included 152.1 m of 1.00 g/t Au from surface, including 9.0 m of 4.23 g/t Au and 10.0 m of 2.75 g/t Au in hole 3 and 114.8 m of 1.11 g/t Au from surface, including 8.6 m of 3.50 g/t Au from 41.0 m in hole 5. Two drills currently turning at Rhosgobel with 18 drill holes completed to date and visible gold identified in 14 of the 18 completed holes; results are currently pending for 14 holes. Drilling has also recently commenced at the Pukelman intrusion, located approximately 2.5 km southeast of the Blackjack deposit.  (TSXV: SIG) (OTCQB: SITKF)

Royal Gold has acquired a stream agreement  for gold deliveries referenced to copper production from the Kansanshi copper-gold mine in the North Western Province of Zambia, operated and 80% owned by a subsidiary of First Quantum Minerals. Royal Gold has agreed to make an advance payment of $1.0 billion (“Advance”) in return for a gold stream referenced to copper production, with deliveries of 75 ounces of gold per million pounds of recovered copper produced until the delivery of 425,000 ounces; 55 ounces of gold per million pounds of recovered copper produced between the delivery of 425,001 ounces and 650,000 ounces; and 45 ounces of gold per million pounds of recovered copper produced thereafter. Royal Gold will initially pay 20% of the spot gold price for each ounce delivered. Additionally, and depending on the achievement of certain objectives as described below, Royal Gold will increase the percentage of spot gold price paid for each ounce delivered to 35% and has also granted options to First Quantum to accelerate stream deliveries.  (NASDAQ: RGLD) News Release

The Mining Stock Daily morning briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice, and by our friends at the Junior Mining Network. 

That’s it for today everyone. Have a great day. Stay safe. 

The information presented should not be considered investment advice. Mining stock daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.