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Silver at $78 Meets a 9,510 g/t Drill Hit: How One Junior Is Pricing Into a Sixth Straight Deficit Year
Silver at $78 Meets a 9,510 g/t Drill Hit: How One Junior Is Pricing Into a Sixth Straight Defici...
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[{"type":"text","content":"Silver at $78 Meets a 9,510 g/t Drill Hit: How One Junior Is Pricing Into a Sixth Straight Deficit Year\n\n\nSilver at $78 Meets a 9,510 g/t Drill Hit: How One Junior Is Pricing Into a Sixth Straight Deficit Year\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPR Newswire\n\n\nIssued on behalf of Nord Precious Metals Mining Inc.With silver up roughly 148% in 2025 and the structural deficit deepening, the question is no longer whether prices stay elevated — it's which projects can actually deliver ounces. A new Cobalt-Gowganda intercept reframes the answer.NEW YORK, May 4, 2026 /PRNewswire/ -- USA News Group News Commentary — The silver price chart has stopped being a curiosity and started being a thesis. After a roughly 148% gain through 2025 and continued strength into 2026, silver is trading near $78 per ounce against a backdrop the Silver Institute has now described as a sixth consecutive annual supply deficit, with the 2026 shortfall pegged at 46.3 million ounces. Industrial pull from solar, EVs, 5G, and semiconductors is widening the gap that mine output has not closed — and exploration budgets in the silver sector have not meaningfully expanded despite the price move, implying a structural supply constraint that higher prices alone will not quickly fix.\n\n\n\n\n\n\n\nAgainst that setup, Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) reported assay results from hole CS-26-129W2 at its Castle East project in Ontario's historic Cobalt-Gowganda district: 2,343.70 g/t silver (68.4 oz/ton) over 1.85 metres, including a 0.30-metre interval grading 9,510 g/t silver (277.6 oz/ton) with 3,460 ppm cobalt. The hole sits inside a broader mineralized envelope carrying elevated cobalt, nickel, copper, and zinc — the five-element vein assemblage characteristic of the Cobalt-Gowganda district and a feature that, in a market increasingly preoccupied with critical minerals, is more than a footnote.The Company also reported a new mineralized intercept in hole CS-21-73W1, a wedge drilled from a 2021 parent hole. At 501.90 metres down...