Australian explorer Manhattan Gold Corporation Ltd. announced Tuesday the commencement of the first drilling program in over 30 years at its 423-square-kilometer Hook Lake project in Nunavut, Canada. Located within the Rankin-Ennadai greenstone belt, the project hosts both high-grade orogenic gold systems and volcanogenic massive sulfide (VMS) copper-zinc-gold-silver mineralization. This year, Manhattan plans to complete 4,000 meters of reverse circulation drilling. While primarily focused on gold targets, the program will conduct preliminary testing on polymetallic targets including Spectre, where historical drilling in 1974 encountered copper-zinc-gold-silver massive sulfide lenses. Additionally, the company will implement an expansive till sampling program and airborne magnetic geophysical surveys to systematically evaluate zinc and other polymetallic mineralization beneath shallow glacial cover across the trend.

Galantas Gold Corporation has successfully closed a $100 million private placement, issuing 181 million units at $0.55 each. Backed by strategic shareholders including Eric Sprott, Ocean Partners, and Melquart, the net proceeds are earmarked to fund exploration and development at the Indiana gold and copper project, as well as the pending Andacollo gold project in Chile. If the Andacollo acquisition is not approved, its designated funds will be reallocated. The capital injection aims to rapidly advance both assets toward production by early 2027.

The performance of the gold price in March surprised many investors, as the precious metal recorded significant price declines despite geopolitical escalations.

CMOC announced that its controlling subsidiary has acquired a 100% interest in Equinox Gold Corp.'s Aurizona Gold Mine, RDM Gold Mine, and Bahia Integrated Mining Area. As all conditions precedent under the agreement have been satisfied or waived, the acquisition was completed on January 23, 2026, Beijing time. The company believes that the aforementioned gold ore resources are substantial, with well-established infrastructure, mature ore beneficiation processes, and strong profitability. Upon completion of the acquisition, these assets are expected to contribute to production and profits, with a short anticipated investment payback period and favorable economic benefits. The projected annualized gold production for 2026 is 6–8 mt, which will play a positive role in achieving the company's gold production targets and further enhance its resource reserves.

On December 17th, 2025, Eldorado Gold Corporation announced that it acquired 14,868,200 common shares of Amex Exploration Inc. at a price of C$4.00 per share, for total consideration of approximately C$59.5 million, through a privately negotiated transaction with a third party. Following the transaction, Eldorado now beneficially owns 38,626,330 common shares and 207,000 warrants, representing approximately 27.27% of Amex’s outstanding shares on a non-diluted basis and approximately 27.37% on a partially diluted basis, assuming full exercise of the warrants. Eldorado stated that the additional share purchase was made for investment purposes in response to an unsolicited opportunity. The Company currently has no plans or intentions to pursue a takeover or other control transaction, although it may adjust its ownership position in the future subject to market conditions and applicable regulations. The transaction was completed pursuant to the private agreement exemption under NI 62-104, with the required early warning disclosure to be filed on SEDAR+.

According to Mining.com, Canadian mine developer Montage Gold Corp. (MG) announced that since the beginning of the year, the indicated and inferred resources at its Koné project in the Republic of Côte d'Ivoire have increased significantly. MG stated on the 6th that the Koné gold mine now has indicated ore resources of 269 million mt at a grade of 0.63 g/mt, containing 5.49 million ounces of gold, a 13% increase from the 2024 feasibility study results. Inferred ore resources amount to 43 million mt at a grade of 0.51 g/mt, containing 704,000 ounces of gold, a 76% increase from previous estimates. "Recent results demonstrate the prospectivity of the Koné property, adding substantial resources in just one year," said Ovais Habib, mining analyst at Scotia Capital, in an investment note. Vancouver-based Montage Gold set a target at the beginning of this year for the project to achieve measured and indicated resources exceeding 1 million ounces at a grade of at least 1 g/mt, with production starting in 2027. The resource update on the 6th indicates that "the company should be well on track to meet this target, especially if more resources are discovered," said Raj Ray, mining analyst at BMO Capital Markets, in an investment note. New Drilling MG CEO Martino De Ciccio revealed in an interview with The Northern Miner on the 6th that the company's exploration investment at Koné will increase from around $13 million last year to $18 million this year. He added that next year's exploration budget is expected to be similar to this year's. The project's drilling program for this year has been increased from the originally planned 90,000 m to 120,000 m, with 87,595 m already completed. The new drilling is primarily focused on the Gbongogo–Koroutou and Sissédougou structural zones. The latter extends over 10 km along strike and hosts the ANV deposit, emerging as a "high-potential" area, according to Montage. Montage expects the Koné project mine to have a 16-year life, producing 301,000 ounces of gold annually in the first 8 years after commissioning. The 2024 feasibility study estimated a post-tax net present value of $3.1 billion for the project at an average gold price of $3,000 per ounce. Montage stated that project construction is progressing "rapidly" on budget and is on schedule for completion. According to an investment report published on the company's website, half of the budget, $428 million, has already been spent, with many key infrastructure components completed. 52 Targets Within the 1,318 km² Koni concession area, workers have delineated 52 exploration targets across 8 mineralized zones, making it the largest concession in West Africa. To date, all 23 targets that have been drilled have confirmed mineralization. Nine deposits have been discovered within the concession. The Koni peripheral deposit is estimated to contain indicated ore resources of 24 million mt with a gold grade of 1.29 g/mt, equivalent to gold resources of 996,000 oz; and inferred ore resources of 5.5 million mt with a gold grade of 1.09 g/mt, equivalent to gold resources of 194,000 oz. In the coming months, the company will update the resource estimates for both discovered and newly identified gold deposits. "All the targets we have tested show good mineralization," said De Sio. "This confirms our hypothesis of significant exploration potential, and we believe that higher-grade peripheral deposits should be incorporated into the mine plan from the start of production." Additionally, Montage has applied for an adjacent 458 km² exploration license. This will expand the company's exploration area to 1,776 km².

According to Mining.com, Banyan Gold Corp.'s updated resource estimate for the Hyland project in southeastern Yukon, Canada, helps the company maintain its position as the third-largest project in the region by gold content. The company's announcement on Monday showed that the updated indicated ore resource is 11.3 million mt grading 0.93 g/mt gold and 7.27 g/mt silver, equivalent to 337,000 ounces of gold and 2.63 million ounces of silver. The inferred ore resource is 3.9 million mt grading 0.95 g/mt gold and 6.94 g/mt silver, equivalent to 118,000 ounces of gold and 860,000 ounces of silver. The Hyland project is located 450 km southeast of Whitehorse. "The updated resource, which is limited to open-pit mining potential, demonstrates the promise of the Hyland gold-silver project," said Tara Christie, President and CEO of Banyan, in a news release. "With additional work, it is possible to delineate more resources in the main mineralized zone and discover new resources elsewhere on the property." Third Largest in Yukon Although Hyland is smaller than Banyan's flagship AurMac project, this update increases the company's total gold resources to 8.1 million ounces. This makes Banyan the third-largest in terms of total resources in Yukon, behind Western Copper & Gold's Casino project and Snowline Gold's Valley project. The Hyland resource is hosted in a near-surface deposit, including sections such as Main, Camp, Cuz, and Montrose Ridge, with the entire gold-bearing zone extending over 11 km along strike. Banyan stated that its gold mineralization occurs in interbedded phyllite and quartzite of the Precambrian Selwyn Basin, which has already yielded several gold discoveries. 18,505 Meters Drilled This resource update is based on 18,505 meters of drilling from 86 holes, as well as 7,598 meters of trenching from 39 trenches. Hyland is accessible by floatplane or via the winter road approximately 74 km northeast of Watson Lake.

The CEO of Barrick Gold Corporation stated that the news of the US's planned tariff hike on gold bar imports had caused chaos in the industry. Currently, they are awaiting further clarification from the US authorities regarding the tariff on gold bar imports. He also expressed his belief that gold prices would receive some support as a result.

Winshear Gold Corp. has reached an agreement with UK-based Peak Nickel to potentially earn a 100% interest in the Portsoy Project, located in Aberdeenshire, Scotland, covering an area of 250 square kilometers. The agreement is subject to approval by the TSX Venture Exchange. Winshear commits to spending a total of £3 million over five years, including completing 1,000 meters of drilling and initial metallurgical testing, and to issuing 6.5 million common shares to Peak Nickel over five years. Upon earning the interest, Peak Nickel will retain a 1% Net Smelter Returns royalty (NSR) capped at £10 million. Additionally, if the project is acquired by a third party, Peak Nickel will receive 10% of the cash/share proceeds, capped at £10 million. Initial exploration will be conducted by Peak Nickel, under Winshear’s management control, with Winshear having the right to take over operations. The Rodburn target within the Portsoy Project has shown near-surface, high-grade nickel-copper-cobalt sulfide mineralization, and Winshear plans to commence the next drilling program soon to advance the project.