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At $5,000 an Ounce, the Next Wave of Gold Mines Is Already in the Ground
VANCOUVER, British Columbia, March 06, 2026 (GLOBE NEWSWIRE) -- USANewsGroup.com — Glo...
About this update from Nevgold Corp
[{"type":"text","content":"At $5,000 an Ounce, the Next Wave of Gold Mines Is Already in the GroundIssued on behalf of Lake Victoria Gold Ltd.\nVANCOUVER, British Columbia, March 06, 2026 (GLOBE NEWSWIRE) -- USANewsGroup.com — Global gold exchange-traded funds absorbed $19 billion in new capital during January 2026, the strongest monthly inflow on record, as investors reacted to persistent currency volatility and elevated geopolitical risk[1]. Spot gold closed at $5,161 per ounce earlier this month, holding well above the psychologically important $5,000 threshold following the metal’s all-time high of $5,589 set on January 28[2]. Against this backdrop, five companies are advancing gold projects across Tanzania, Colombia, Guyana, Canada, and Nevada: Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF), Collective Mining (TSX: CNL) (NYSE-A: CNL), Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF), Radisson Mining (TSXV: RDS) (OTCQB: RMRDF), and NevGold (TSXV: NAU) (OTCQX: NAUFF). ANZ Research raised its gold price forecast to $5,800 per ounce for Q2 2026, citing sustained safe-haven demand and constrained supply from the world’s largest gold mines[3]. JPMorgan set a year-end 2026 target of $6,300, pointing to central bank buying trends that show no sign of reversing[4]. For development-stage gold companies with fully permitted projects and visible paths to production, this environment represents a rare window to secure project financing and advance construction timelines. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has completed drilling and received all analytical results from its recent program at the Imwelo Gold Project in Tanzania, confirming mineralization extends well beyond the current pit design at Area C. The results strengthen confidence in the geological model and represent a step toward final pit optimization and development planning as the company advances toward construction readiness. Twenty-one holes were completed, with highlights including 11.88 g/t gold over 1.33 meters from 169.75 meters depth, 9.31 g/t over 2.45 meters from 130 meters, and 6.96 g/t over 2.56 meters from 132.80 meters. The drilling accomplished several objectives at once: it confirmed mineralization continues down-dip beneath the planned pit, it identified new zones to the east and west of the current design, and it delivered geotechnical data needed to fin...