A 16% Month for Gold Miners Puts Grade, Costs and By-Products Back in Charge
Key Highlights
- ➤Lundin Gold third-quarter production reached a record 153,736 ounces at Fruta del Norte
- ➤K92 Mining produced 49,776 ounces gold equivalent and reiterated 2026 guidance of 190,000 to 225,000 ounces
- ➤Torex Gold reported preliminary third-quarter production of 131,900 ounces gold equivalent
- ➤Aris Mining third-quarter production rose 16% year-to-date to 217.3 thousand ounces
- ➤RUA GOLD reported drill results including 0.6 meters at 136.2 g/t AuEq at Auld Creek
Expert Statements
Robert Eckford, Chief Executive Officer of RUA GOLD
“These exceptional exploration results are informing the mine plan and reinforcing the significant development potential of the Auld Creek Project”
Robert Eckford, Chief Executive Officer of RUA GOLD
“The deposit continues to exceed our expectations and remains open in all directions.”
Jamie Beck, President and CEO of Lundin Gold
“The third quarter marked the strongest production quarter in Fruta del Norte’s history, with 153,736 ounces of gold produced”
David Medilek, Chief Executive Officer and Director of K92 Mining
“Q3 marked another strong quarter for K92, with production of 49,776 ounces gold equivalent, our second-highest quarterly production result”
Andrew Snowden, President and CEO of Torex Gold
“Our third quarter operational results were exceptional and delivered the step-up in production we expected to support a strong second half of the year”
Neil Woodyer, Chair and CEO of Aris Mining
“During the third quarter, we continued to advance our growth plans at both Segovia and Marmato”
VANCOUVER, British Columbia, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Market Updates News Commentary - Gold stocks took another hard hit on Thursday. A widely followed gold miners ETF fell 5.80% on October 22, leaving it 16.50% below where it closed a month earlier, while a widely held gold-backed ETF fell 2.63% on the day and 7.77% over the same month, according to Stock Analysis data. The slide follows a rough September: the World Gold Council reported that gold finished the month at US$4,176 an ounce, 8.5% lower, as a surge in U.S. Treasury yields and the U.S. dollar, alongside a drop in futures positions, helped drive prices lower. In a market like this, the companies that stand apart are the ones with the grade, the cost structure or the by-product credits to keep their margins intact. Companies mentioned in today’s commentary include: RUA GOLD Inc. (OTCQX: NZAUF) (TSX: RUA) (NZX: RGI), Lundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF), K92 Mining Inc. (TSX: KNT) (OTCQX: KNTNF), Torex Gold Resources Inc. (TSX: TXG) (OTCQX: TORXF), Aris Mining Corporation (NYSE: ARIS) (TSX: ARIS).
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