{"success":true,"data":{"pressRelease":{"id":"152072","rtpr_id":"nGNXbn1B0p-20260924","ticker":"KGC","exchange":"NYSE","all_tickers":["KGC","ESAU","GGD","K","LUG","TLG"],"title":"Gold Mining Entering a Potentially Explosive New Phase as Gold Hovers Above $4,300/oz","author":"Globe Newswire","published_at":"2026-09-24T12:30:00.585Z","article_body":"NEW YORK, Sept. 24, 2026 (GLOBE NEWSWIRE) -- FN Media News Commentary - Gold\nmining is operating in a dramatically different environment than it was just a\nfew years ago. Gold remains above $4,300 an ounce, despite recent volatility,\nwhile the World Gold Council says\n(https://www.globenewswire.com/Tracker?data=v2puMu4Ar-j0zrO1Y7QH7cLAfUhdOiXgi9JZLN2uqO0VX3EIVn36hM0LACVQNjnYy_XGnLM8STYiO5RJeRCrDOqHbls578_Nbk5Ws7qyZiVVY7PGbrrqEm5pjIByOpapdDAf0XVjJEZjUL3o8OJcl_R7Du-hixxdNJ27dTTJpDs=)\ninvestment demand is expected to remain the primary driver of gold demand\nthrough the remainder of 2026. Central banks are also expected to remain\nsignificant buyers. At the same time, mine production is expected to increase\nonly modestly because new projects take years to permit, finance and develop.\nThat combination—high prices, sustained investment demand and constrained\nsupply—is putting the economics of established producers and quality\ndevelopment projects firmly back in the spotlight. Active Miners in the news\nacross the market today include: ESGold Corp. (OTCQB: ESAUF) (CSE: ESAU),\nGoGold Resources Inc. (OTCQX: GLGDF) (TSX: GGD), Lundin Gold Inc. (OTCQX:\nLUGDF) (TSX: LUG), Troilus Mining Corp. (OTCQX: CHXMF) (TSX: TLG), Kinross\nGold Corporation (NYSE: KGC).\n\nThe size of the opportunity is substantial. Fortune Business Insights\nestimates\n(https://www.globenewswire.com/Tracker?data=ZCyF_TbE4EV5oeKy4D_xw5kb5_zjxKQr51a3H6SM4Opj9bEofSaF5cSWgzAaNQvX6Avsl5ef9YDk_5xO-x0opaug3SEVH4knsrjDyX3QksB-kxO0pUqZSZUjpjeMC_SizWwskqv9wVE5cnA2RkZX-A==)\nthe global gold-mining market at approximately $327.8 billion in 2026, with\nthe market projected to reach approximately $765.9 billion by 2034,\nrepresenting an estimated 11.19% CAGR. Grand View Research offers another\naggressive outlook, estimating the gold-mining market at $432.7 billion in\n2026 and projecting it could reach approximately $710.1 billion by 2033. The\nestimates vary because research firms use different market definitions and\nmethodologies, but the direction is clear: billions of dollars are flowing\nthrough an industry benefiting from an unusually strong gold-price\nenvironment.\n\nFor investors watching the mining sector, the biggest story may be operating\nleverage. A gold producer does not need to double production to potentially\ngenerate substantially more revenue when the price of its primary product\nrises. Every additional dollar received per ounce can have an outsized effect\non cash generation when production costs are relatively stable. That creates\nan increasingly interesting environment for companies with established\nreserves, expanding production, attractive development projects and\nsignificant exploration potential. With the World Gold Council expecting only\na measured supply response to elevated prices, the market could remain focused\non companies capable of finding, developing and producing economically viable\nounces.\n\nKey market takeaways:\n* $327.8 billion: Estimated global gold-mining market value for 2026.\n* $765.9 billion: Fortune Business Insights' projected global gold-mining\nmarket value for 2034.\n* Gold above $4,300/oz: Gold remains at historically elevated levels despite\nSeptember volatility.\n* Strong investment demand: The World Gold Council expects investment to\nremain the primary source of gold-demand growth through the second half of\n2026.\nESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) INTERSECTS MULTIPLE SULPHIDE-BEARING\nINTERVALS AS MONTAUBAN DRILLING SURPASSES 2,000 METRES - ESGold Corp. (FSE:\nZ7D) (the “Company” or “ESGold”) is pleased to provide an update on\nits 2026 diamond drilling program at the Montauban Project, located\napproximately 80 kilometres west of Québec City, Québec.\n\nAs of September 15, 2026, ESGold had advanced 19 drill holes for a cumulative\ntotal of approximately 2,030 metres, marking an important milestone in the\nCompany’s 2026 exploration program. Importantly, drilling continues to\nintersect alteration, quartz-carbonate veining and locally sulphide-bearing\nintervals within the geological environment associated with the historic\nMontauban mineralized system.\n\nObserved sulphides to date include pyrite, pyrrhotite and galena, locally\noccurring within or adjacent to quartz-carbonate veins, altered gneissic units\nand structurally affected intervals. Approximately 400 core samples have now\nbeen submitted to SGS Laboratories in Val-d’Or for analysis, with assay\nresults pending.\n\n“Passing 2,000 metres is an important milestone in our 5,000-metre program,\nbut what is particularly encouraging for us is what we continue to see in the\ncore,” said Gordon Robb, CEO and Director of ESGold. “We are repeatedly\nencountering alteration, quartz-carbonate veining and sulphide-bearing\nintervals within the geological environment associated with the historic\nMontauban mineralized system.\n\n“With approximately 400 samples now at SGS Laboratories in Val-d’Or, the\nnext step is determining the significance of what we are seeing. At the same\ntime, drilling continues as we test how this system may extend beyond the\nhistoric workings and at depth. Every hole is giving us more information to\nintegrate with the historic mine data, ANT geophysics and our 3D geological\nmodel.”\n\nHighlights\n* ESGold has completed approximately 2,030 metres across 19 drill holes as\npart of its planned 5,000-metre 2026 diamond drilling program.\n* Drilling has repeatedly encountered alteration, quartz-carbonate veining and\nlocally sulphide-bearing intervals within the geological environment\nsurrounding the historic Montauban mineralized system.\n* Observed sulphides include pyrite, pyrrhotite and galena, locally associated\nwith quartz-carbonate veining, alteration and structurally affected intervals.\n* Approximately 400 core samples have been submitted to SGS Laboratories in\nVal-d’Or for assay.\n* Nine drill holes have intersected historic underground workings or voids,\nproviding valuable geological control for reconciling modern drilling with the\ngeometry of the former mine.\n* Drilling remains ongoing as ESGold evaluates the potential continuation of\nthe Montauban system outside and below the historic mine workings.\nSulphide-Bearing Intervals Observed in Drill Core - Core logging completed to\ndate has identified repeated sequences of amphibolite and quartz-feldspar-,\nbiotite- and muscovite-bearing gneisses together with zones of silicification,\nchlorite-sericite alteration, deformation and quartz-carbonate veining.\n\nSulphides have been observed within or adjacent to quartz-carbonate veins,\naltered gneissic units and structurally affected intervals in holes including\nMM-26-03, MM-26-04 and MM-26-11.\n\nThese observations are significant from a geological targeting perspective\nbecause they provide direct information on the alteration, structural features\nand lithological contacts associated with the historic Montauban mineralized\nenvironment. Visual observations are not necessarily indicative of economic\nmineralization and laboratory assays are required to determine metal grades.\n\nTesting Beyond the Historic Mine - The 2026 drill program is designed first to\nconfirm the presence and continuity of mineralization along the main\nmineralized structure, and then to extend beyond the historical underground\nworkings to test additional targets and potential extensions of the system.\nThe drilling program is testing the geological interpretation developed from\nhistorical mine information, ESGold’s drillhole compilation, ANT surveys by\nCAUR Technologies, and 3D geological modelling by Geomatic World.\n\nEach new drill hole provides direct geological information that can be\nincorporated into the evolving 3D model and compared with features interpreted\nthrough the ANT surveys. Continued… Read this full release and additional\nnews for ESGold Corp by visiting: bit.ly/4cWmTQq\n(https://www.globenewswire.com/Tracker?data=L2Mj7Sy2DLZEt9m0PjqEFP0mc8KxMSvpi5R1cUnWSfUf3fiziuw6m3GPXJkII6C-UuXvutoLKXu2PhhNCiCf3Q==)\n\nAdditional news and recent developments from other mining companies making\nheadlines:\n\nGoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) recently provided\n(https://www.globenewswire.com/Tracker?data=REn00W7eDge-Lf9hR7nBy5CIGDYhjH-pXxVc256zgwlq1IvMdze-NYqyKWtaJtbLU4r_jCguSHucO_Wq-brlRcVAyOpkzKFGp6Y0QP744gbbuA0TljDy-UG6Mxdj-tiM8un4BSIvOYAtsYQVNLBuig==)\nan update on construction at its Los Ricos South project in Jalisco, Mexico,\nfollowing the commencement announced on August 25, 2026. The project is\nprogressing on schedule, and the Company reiterates first silver pour in the\nsecond quarter of 2028.\n\n“Construction at Los Ricos South is moving ahead at full steam. Site\nclearing is well advanced, with more than 150 contractors on site, and all\nlong-lead equipment orders have been placed,” said Brad Langille, President\nand CEO. “With US$284 million in cash in addition to cash flow from Parral,\nthe project is fully funded with no debt or additional equity required. Based\non our internal estimates using $60/oz silver and $4,200/oz gold, we see our\nmaximum cash outlay in Q3 2027 and maintain cash reserves at a minimum of\nUS$130 million throughout the build. We are progressing on schedule and remain\nfocused on delivering first silver pour in Q2 2028.”\n\nLundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF) recently reported\n(https://www.globenewswire.com/Tracker?data=H-g2e0gBX5ThLqQc5Iyv7iGgMTBDwUqknwrDH052YfvhbTxVJuvWBPBOZzJ1QkvErNDaHWmjh3GdYUYSrm2LId8jkKKXeL3FFxb9V0Q58FkjTy0XIOv8oE2F2Shck-9_pZZ8JLBSAKwy8G8X5Xgpz2lV4-kUXfm5ZcaY9LAh1c8=)\nthat it has received a notice of assessment from Ecuador's tax authority, the\nServicio de Rentas Internas (\"SRI\"), in respect of sovereign adjustment for\nthe 2023 fiscal year. The assessment for the 2023 fiscal year indicates a\nproposed amount payable of $73 million plus potential fines and penalties of\n$81 million for a total amount of $154 million, excluding interest.\n\nLundin Gold believes the assessment is not consistent with the sovereign\nadjustment calculation as set out in the Exploitation Agreement with the\nGovernment of Ecuador, which in combination with the Investment Protection\nAgreement, establish the applicable fiscal, legal, tax, and dispute resolution\nframework for the Fruta del Norte (\"FDN\") operation.\n\nTroilus Mining Corp. (TSX: TLG) (OTCQX: CHXMF), recently announced\n(https://www.globenewswire.com/Tracker?data=br9xFFS7sFPnKzkgC6uXRJ-ohWivDbPSqrEBIVDXwRWx0GDcdVCXUhP_u1N5FVsnHKED94AuDGsPh68ZTxMupl_Opi6j2bI6ZW2pmEzGv9ENpVw6zQCg-ouioUabtu8RlfM5el5c4gYK5RgMJ72yF0MzgQ1pIeOSEMEOdGOTejaXP3qbnEOazMROrvMlW07oboCZNnEND6OpbUnfsgS5RvsoboH-LblPnndEgTcksCNBf8IvYiZWAc9gzh6O4Dnqsyv4J3tPYZU25GTuP5bVjQ==)\nthe fourth batch of results from the Z87 optimization drill program at its\nTroilus Gold-Copper Project located in north-central Quebec, Canada. The\nresults reported include nine drill holes totaling 4,728 metres, and form part\nof the 2026 exploration program outlined in the Company’s March 31, 2026\npress release\n(https://www.globenewswire.com/Tracker?data=IjW1CVdpZKXIT01B14izXHU-BUGRH2gkhHa85mJAEwpdwXYUDyZs4kmaUmLtyzrJFRd6_qxmnJ4q4BpgEUr1XqB_2nmk6lk6-Jx8czIzMEwBrKeJ2vmRkuVBIXURYYZxcZJRYom7Gx9481cN810NieSSmRhWMn9F23kfRIehxzroqkV8Y1lMZtePnTJLu27D4iG6GA8kYlD6b8kCHO5ptprxIU7YgNdDZzWjZKLdTOjbDmCXhhLeq2JmaxkMzVDJL3MkUrnWSY6HycIXSn7IgQ==).\n\nThe ongoing Z87 optimization program is is targeting Inferred material and\nhistorically unsampled intervals within and around the current Z87 Reserve\npit, with the objective of identifying opportunities to improve the mine plan\npresented in the Company’s Technical Report on September 9th, 2026\n(https://www.globenewswire.com/Tracker?data=3VXUy8G0ih5GU9XwW_1kyjUTdHbxgLfpEJLpTIeArE7DV7qk6_6d35WDPOatjVrGBwFEvpoHsf9VDQh5K63smclh812euORLEvKumhemGUkzacS5Ve1aqfJd5iqhuNqX-cTV8wh8UUjjXGRQ4Oen3-wqto3QqaF3ZeKnwfM7I0eOXEdC-opbmpLXBvIly8vh0cLHMJSeyewTrhnKtTp3SQjamgtsz00XNo57e2kR8hzPNF0E_qihsT8oPSNhpcF_KR4mqR9tEKLYaDJ2hI_gnWKmZrm-fJfhOo-UNu-e9ebei8PwjS6sajk5-BKDF8FcTQt_51XRVP0K5kuV4CxpTQ0xMKxN2V4BqHwHZ9CXLpMwlbmfsORgTMfIBf4uFphJ7UBhTcWf2q8gywdHrH6syLTPIibRSEZ_Pvds44RLNItQ0zJnI7E3f9Sv-qW2BQl8).\n\nImportantly, the current Mineral Resource and Mineral Reserve estimates have\nan effective date of December 31, 2025, and therefore exclude all drilling\ncompleted in 2026. The results reported today continue to demonstrate\nmineralization in areas currently classified as Inferred or, in some cases,\ntreated as waste in the existing block model, creating potential opportunities\nfor resource conversion, pit and mining sequence optimization, strip ratio\nimprovements and enhanced early-year mill feed.\n\nKinross Gold Corporation (NYSE: KGC) recently provided\n(https://www.globenewswire.com/Tracker?data=REn00W7eDge-Lf9hR7nByw5Iv8h1OGrlP0Vwk61hTWFB9Xk6Vp5VdJZXuHGQOupDUcOVcA2GYh09o78R3phPuspuYf-mT-SnzAEsqeVSK3-baEfl2mi_ynDF6nu6nIdeSJOtVj65xj19yxErNlEPpodii02alJvMk9yXuod9Mxt-mCUlPfyBjJwzFATPVCBB213QJBqrUgCZmrOQQaZHyrvVq23eOJ41Q67AhqeI4pfZsS_At9aZ0BRc6sG817aF)\na high-level update of the 2021 feasibility study (“FS”) economics for its\nLobo-Marte project in Chile to account for inflationary impacts and\nadvancement of the execution strategy since 2021.\n\nJ. Paul Rollinson, CEO, made the following comments in relation to the\nproject’s announcement: “Lobo-Marte is an exciting, high-quality\ndevelopment opportunity in our portfolio. The initial mine plan is expected to\ncontribute 4.6 million ounces of production over a 15-year operating life,\nwith a substantial resource inventory beyond that. The project’s combination\nof scale and low operating and capital costs generates attractive returns and\nunderscores its potential to become a cornerstone asset for Kinross.\nLobo-Marte is expected to be a meaningful contributor to our long-term\nproduction profile while extending our presence in Chile well into the 2040s.\n\n“Our team has made significant progress across permitting, engineering and\nexecution planning to support the long-term development of the project. We\nwere pleased to recently welcome the President of Chile, José Antonio Kast,\nto our Copiapó office to discuss Kinross’ long-term commitment to Chile and\nour development pipeline in the Atacama Region. Chile is a world-class mining\njurisdiction and we appreciate the government’s focus on providing a stable\nframework that supports responsible investment, sustainable development, and\nlong-term economic growth. We believe Lobo-Marte will create long-term value\nfor shareholders while delivering meaningful economic and employment benefits\nfor local Indigenous communities and businesses in Chile.”\n\nDISCLAIMER: FN Media (FNM) is a third party publisher and news dissemination\nservice provider, which disseminates electronic information through multiple\nonline media channels. FNM is NOT affiliated in any manner with any company\nmentioned herein. FNM and its affiliated companies are a news dissemination\nsolutions provider and are NOT a registered broker/dealer/analyst/adviser,\nholds no investment licenses and may NOT sell, offer to sell or offer to buy\nany security. FNM’S market updates, news alerts and corporate profiles are\nNOT a solicitation or recommendation to buy, sell or hold securities. The\nmaterial in this release is intended to be strictly informational and is NEVER\nto be construed or interpreted as research material. All readers are strongly\nurged to perform research and due diligence on their own and consult a\nlicensed financial professional before considering any level of investing in\nstocks. All material included herein is republished content and details which\nwere previously disseminated by the companies mentioned in this release. FNM\nis not liable for any investment decisions by its readers or subscribers.\nInvestors are cautioned that they may lose all or a portion of their\ninvestment when investing in stocks. For current services performed FNM was\ncompensated forty six hundred dollars for news coverage of the current press\nreleases issued by ESGold Corp. by the company. FNM HOLDS NO SHARES OF ANY\nCOMPANY NAMED IN THIS RELEASE.\n\nThis release contains \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E the\nSecurities Exchange Act of 1934, as amended and such forward-looking\nstatements are made pursuant to the safe harbor provisions of the Private\nSecurities Litigation Reform Act of 1995. \"Forward-looking statements\"\ndescribe future expectations, plans, results, or strategies and are generally\npreceded by words such as \"may\", \"future\", \"plan\" or \"planned\", \"will\" or\n\"should\", \"expected,\" \"anticipates\", \"draft\", \"eventually\" or \"projected\". You\nare cautioned that such statements are subject to a multitude of risks and\nuncertainties that could cause future circumstances, events, or results to\ndiffer materially from those projected in the forward-looking statements,\nincluding the risks that actual results may differ materially from those\nprojected in the forward-looking statements as a result of various factors,\nand other risks identified in a company's annual report on Form 10-K or 10-KSB\nand other filings made by such company with the Securities and Exchange\nCommission. You should consider these factors in evaluating the\nforward-looking statements included herein, and not place undue reliance on\nsuch statements. The forward-looking statements in this release are made as of\nthe date hereof and FNM undertakes no obligation to update such statements.\n\nContact Information:\n\nMedia Contact email: editor@fnmediagroup.com - +1(561)486-1799\n\nSOURCE: FN Media\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/263b59e5-a91c-4f74-840e-5b937b4692ce)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbn1B0p-20260924","title":"Gold Mining Entering a Potentially Explosive New Phase as Gold Hovers Above $4,300/oz","author":"Globe Newswire","ticker":"KGC","created":"2026-09-24T12:30:00.585Z","tickers":["KGC","ESAU","GGD","K","LUG","TLG"],"exchange":"NYSE","article_body":"NEW YORK, Sept. 24, 2026 (GLOBE NEWSWIRE) -- FN Media News Commentary - Gold\nmining is operating in a dramatically different environment than it was just a\nfew years ago. Gold remains above $4,300 an ounce, despite recent volatility,\nwhile the World Gold Council says\n(https://www.globenewswire.com/Tracker?data=v2puMu4Ar-j0zrO1Y7QH7cLAfUhdOiXgi9JZLN2uqO0VX3EIVn36hM0LACVQNjnYy_XGnLM8STYiO5RJeRCrDOqHbls578_Nbk5Ws7qyZiVVY7PGbrrqEm5pjIByOpapdDAf0XVjJEZjUL3o8OJcl_R7Du-hixxdNJ27dTTJpDs=)\ninvestment demand is expected to remain the primary driver of gold demand\nthrough the remainder of 2026. Central banks are also expected to remain\nsignificant buyers. At the same time, mine production is expected to increase\nonly modestly because new projects take years to permit, finance and develop.\nThat combination—high prices, sustained investment demand and constrained\nsupply—is putting the economics of established producers and quality\ndevelopment projects firmly back in the spotlight. Active Miners in the news\nacross the market today include: ESGold Corp. (OTCQB: ESAUF) (CSE: ESAU),\nGoGold Resources Inc. (OTCQX: GLGDF) (TSX: GGD), Lundin Gold Inc. (OTCQX:\nLUGDF) (TSX: LUG), Troilus Mining Corp. (OTCQX: CHXMF) (TSX: TLG), Kinross\nGold Corporation (NYSE: KGC).\n\nThe size of the opportunity is substantial. Fortune Business Insights\nestimates\n(https://www.globenewswire.com/Tracker?data=ZCyF_TbE4EV5oeKy4D_xw5kb5_zjxKQr51a3H6SM4Opj9bEofSaF5cSWgzAaNQvX6Avsl5ef9YDk_5xO-x0opaug3SEVH4knsrjDyX3QksB-kxO0pUqZSZUjpjeMC_SizWwskqv9wVE5cnA2RkZX-A==)\nthe global gold-mining market at approximately $327.8 billion in 2026, with\nthe market projected to reach approximately $765.9 billion by 2034,\nrepresenting an estimated 11.19% CAGR. Grand View Research offers another\naggressive outlook, estimating the gold-mining market at $432.7 billion in\n2026 and projecting it could reach approximately $710.1 billion by 2033. The\nestimates vary because research firms use different market definitions and\nmethodologies, but the direction is clear: billions of dollars are flowing\nthrough an industry benefiting from an unusually strong gold-price\nenvironment.\n\nFor investors watching the mining sector, the biggest story may be operating\nleverage. A gold producer does not need to double production to potentially\ngenerate substantially more revenue when the price of its primary product\nrises. Every additional dollar received per ounce can have an outsized effect\non cash generation when production costs are relatively stable. That creates\nan increasingly interesting environment for companies with established\nreserves, expanding production, attractive development projects and\nsignificant exploration potential. With the World Gold Council expecting only\na measured supply response to elevated prices, the market could remain focused\non companies capable of finding, developing and producing economically viable\nounces.\n\nKey market takeaways:\n* $327.8 billion: Estimated global gold-mining market value for 2026.\n* $765.9 billion: Fortune Business Insights' projected global gold-mining\nmarket value for 2034.\n* Gold above $4,300/oz: Gold remains at historically elevated levels despite\nSeptember volatility.\n* Strong investment demand: The World Gold Council expects investment to\nremain the primary source of gold-demand growth through the second half of\n2026.\nESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) INTERSECTS MULTIPLE SULPHIDE-BEARING\nINTERVALS AS MONTAUBAN DRILLING SURPASSES 2,000 METRES - ESGold Corp. (FSE:\nZ7D) (the “Company” or “ESGold”) is pleased to provide an update on\nits 2026 diamond drilling program at the Montauban Project, located\napproximately 80 kilometres west of Québec City, Québec.\n\nAs of September 15, 2026, ESGold had advanced 19 drill holes for a cumulative\ntotal of approximately 2,030 metres, marking an important milestone in the\nCompany’s 2026 exploration program. Importantly, drilling continues to\nintersect alteration, quartz-carbonate veining and locally sulphide-bearing\nintervals within the geological environment associated with the historic\nMontauban mineralized system.\n\nObserved sulphides to date include pyrite, pyrrhotite and galena, locally\noccurring within or adjacent to quartz-carbonate veins, altered gneissic units\nand structurally affected intervals. Approximately 400 core samples have now\nbeen submitted to SGS Laboratories in Val-d’Or for analysis, with assay\nresults pending.\n\n“Passing 2,000 metres is an important milestone in our 5,000-metre program,\nbut what is particularly encouraging for us is what we continue to see in the\ncore,” said Gordon Robb, CEO and Director of ESGold. “We are repeatedly\nencountering alteration, quartz-carbonate veining and sulphide-bearing\nintervals within the geological environment associated with the historic\nMontauban mineralized system.\n\n“With approximately 400 samples now at SGS Laboratories in Val-d’Or, the\nnext step is determining the significance of what we are seeing. At the same\ntime, drilling continues as we test how this system may extend beyond the\nhistoric workings and at depth. Every hole is giving us more information to\nintegrate with the historic mine data, ANT geophysics and our 3D geological\nmodel.”\n\nHighlights\n* ESGold has completed approximately 2,030 metres across 19 drill holes as\npart of its planned 5,000-metre 2026 diamond drilling program.\n* Drilling has repeatedly encountered alteration, quartz-carbonate veining and\nlocally sulphide-bearing intervals within the geological environment\nsurrounding the historic Montauban mineralized system.\n* Observed sulphides include pyrite, pyrrhotite and galena, locally associated\nwith quartz-carbonate veining, alteration and structurally affected intervals.\n* Approximately 400 core samples have been submitted to SGS Laboratories in\nVal-d’Or for assay.\n* Nine drill holes have intersected historic underground workings or voids,\nproviding valuable geological control for reconciling modern drilling with the\ngeometry of the former mine.\n* Drilling remains ongoing as ESGold evaluates the potential continuation of\nthe Montauban system outside and below the historic mine workings.\nSulphide-Bearing Intervals Observed in Drill Core - Core logging completed to\ndate has identified repeated sequences of amphibolite and quartz-feldspar-,\nbiotite- and muscovite-bearing gneisses together with zones of silicification,\nchlorite-sericite alteration, deformation and quartz-carbonate veining.\n\nSulphides have been observed within or adjacent to quartz-carbonate veins,\naltered gneissic units and structurally affected intervals in holes including\nMM-26-03, MM-26-04 and MM-26-11.\n\nThese observations are significant from a geological targeting perspective\nbecause they provide direct information on the alteration, structural features\nand lithological contacts associated with the historic Montauban mineralized\nenvironment. Visual observations are not necessarily indicative of economic\nmineralization and laboratory assays are required to determine metal grades.\n\nTesting Beyond the Historic Mine - The 2026 drill program is designed first to\nconfirm the presence and continuity of mineralization along the main\nmineralized structure, and then to extend beyond the historical underground\nworkings to test additional targets and potential extensions of the system.\nThe drilling program is testing the geological interpretation developed from\nhistorical mine information, ESGold’s drillhole compilation, ANT surveys by\nCAUR Technologies, and 3D geological modelling by Geomatic World.\n\nEach new drill hole provides direct geological information that can be\nincorporated into the evolving 3D model and compared with features interpreted\nthrough the ANT surveys. Continued… Read this full release and additional\nnews for ESGold Corp by visiting: bit.ly/4cWmTQq\n(https://www.globenewswire.com/Tracker?data=L2Mj7Sy2DLZEt9m0PjqEFP0mc8KxMSvpi5R1cUnWSfUf3fiziuw6m3GPXJkII6C-UuXvutoLKXu2PhhNCiCf3Q==)\n\nAdditional news and recent developments from other mining companies making\nheadlines:\n\nGoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) recently provided\n(https://www.globenewswire.com/Tracker?data=REn00W7eDge-Lf9hR7nBy5CIGDYhjH-pXxVc256zgwlq1IvMdze-NYqyKWtaJtbLU4r_jCguSHucO_Wq-brlRcVAyOpkzKFGp6Y0QP744gbbuA0TljDy-UG6Mxdj-tiM8un4BSIvOYAtsYQVNLBuig==)\nan update on construction at its Los Ricos South project in Jalisco, Mexico,\nfollowing the commencement announced on August 25, 2026. The project is\nprogressing on schedule, and the Company reiterates first silver pour in the\nsecond quarter of 2028.\n\n“Construction at Los Ricos South is moving ahead at full steam. Site\nclearing is well advanced, with more than 150 contractors on site, and all\nlong-lead equipment orders have been placed,” said Brad Langille, President\nand CEO. “With US$284 million in cash in addition to cash flow from Parral,\nthe project is fully funded with no debt or additional equity required. Based\non our internal estimates using $60/oz silver and $4,200/oz gold, we see our\nmaximum cash outlay in Q3 2027 and maintain cash reserves at a minimum of\nUS$130 million throughout the build. We are progressing on schedule and remain\nfocused on delivering first silver pour in Q2 2028.”\n\nLundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF) recently reported\n(https://www.globenewswire.com/Tracker?data=H-g2e0gBX5ThLqQc5Iyv7iGgMTBDwUqknwrDH052YfvhbTxVJuvWBPBOZzJ1QkvErNDaHWmjh3GdYUYSrm2LId8jkKKXeL3FFxb9V0Q58FkjTy0XIOv8oE2F2Shck-9_pZZ8JLBSAKwy8G8X5Xgpz2lV4-kUXfm5ZcaY9LAh1c8=)\nthat it has received a notice of assessment from Ecuador's tax authority, the\nServicio de Rentas Internas (\"SRI\"), in respect of sovereign adjustment for\nthe 2023 fiscal year. The assessment for the 2023 fiscal year indicates a\nproposed amount payable of $73 million plus potential fines and penalties of\n$81 million for a total amount of $154 million, excluding interest.\n\nLundin Gold believes the assessment is not consistent with the sovereign\nadjustment calculation as set out in the Exploitation Agreement with the\nGovernment of Ecuador, which in combination with the Investment Protection\nAgreement, establish the applicable fiscal, legal, tax, and dispute resolution\nframework for the Fruta del Norte (\"FDN\") operation.\n\nTroilus Mining Corp. (TSX: TLG) (OTCQX: CHXMF), recently announced\n(https://www.globenewswire.com/Tracker?data=br9xFFS7sFPnKzkgC6uXRJ-ohWivDbPSqrEBIVDXwRWx0GDcdVCXUhP_u1N5FVsnHKED94AuDGsPh68ZTxMupl_Opi6j2bI6ZW2pmEzGv9ENpVw6zQCg-ouioUabtu8RlfM5el5c4gYK5RgMJ72yF0MzgQ1pIeOSEMEOdGOTejaXP3qbnEOazMROrvMlW07oboCZNnEND6OpbUnfsgS5RvsoboH-LblPnndEgTcksCNBf8IvYiZWAc9gzh6O4Dnqsyv4J3tPYZU25GTuP5bVjQ==)\nthe fourth batch of results from the Z87 optimization drill program at its\nTroilus Gold-Copper Project located in north-central Quebec, Canada. The\nresults reported include nine drill holes totaling 4,728 metres, and form part\nof the 2026 exploration program outlined in the Company’s March 31, 2026\npress release\n(https://www.globenewswire.com/Tracker?data=IjW1CVdpZKXIT01B14izXHU-BUGRH2gkhHa85mJAEwpdwXYUDyZs4kmaUmLtyzrJFRd6_qxmnJ4q4BpgEUr1XqB_2nmk6lk6-Jx8czIzMEwBrKeJ2vmRkuVBIXURYYZxcZJRYom7Gx9481cN810NieSSmRhWMn9F23kfRIehxzroqkV8Y1lMZtePnTJLu27D4iG6GA8kYlD6b8kCHO5ptprxIU7YgNdDZzWjZKLdTOjbDmCXhhLeq2JmaxkMzVDJL3MkUrnWSY6HycIXSn7IgQ==).\n\nThe ongoing Z87 optimization program is is targeting Inferred material and\nhistorically unsampled intervals within and around the current Z87 Reserve\npit, with the objective of identifying opportunities to improve the mine plan\npresented in the Company’s Technical Report on September 9th, 2026\n(https://www.globenewswire.com/Tracker?data=3VXUy8G0ih5GU9XwW_1kyjUTdHbxgLfpEJLpTIeArE7DV7qk6_6d35WDPOatjVrGBwFEvpoHsf9VDQh5K63smclh812euORLEvKumhemGUkzacS5Ve1aqfJd5iqhuNqX-cTV8wh8UUjjXGRQ4Oen3-wqto3QqaF3ZeKnwfM7I0eOXEdC-opbmpLXBvIly8vh0cLHMJSeyewTrhnKtTp3SQjamgtsz00XNo57e2kR8hzPNF0E_qihsT8oPSNhpcF_KR4mqR9tEKLYaDJ2hI_gnWKmZrm-fJfhOo-UNu-e9ebei8PwjS6sajk5-BKDF8FcTQt_51XRVP0K5kuV4CxpTQ0xMKxN2V4BqHwHZ9CXLpMwlbmfsORgTMfIBf4uFphJ7UBhTcWf2q8gywdHrH6syLTPIibRSEZ_Pvds44RLNItQ0zJnI7E3f9Sv-qW2BQl8).\n\nImportantly, the current Mineral Resource and Mineral Reserve estimates have\nan effective date of December 31, 2025, and therefore exclude all drilling\ncompleted in 2026. The results reported today continue to demonstrate\nmineralization in areas currently classified as Inferred or, in some cases,\ntreated as waste in the existing block model, creating potential opportunities\nfor resource conversion, pit and mining sequence optimization, strip ratio\nimprovements and enhanced early-year mill feed.\n\nKinross Gold Corporation (NYSE: KGC) recently provided\n(https://www.globenewswire.com/Tracker?data=REn00W7eDge-Lf9hR7nByw5Iv8h1OGrlP0Vwk61hTWFB9Xk6Vp5VdJZXuHGQOupDUcOVcA2GYh09o78R3phPuspuYf-mT-SnzAEsqeVSK3-baEfl2mi_ynDF6nu6nIdeSJOtVj65xj19yxErNlEPpodii02alJvMk9yXuod9Mxt-mCUlPfyBjJwzFATPVCBB213QJBqrUgCZmrOQQaZHyrvVq23eOJ41Q67AhqeI4pfZsS_At9aZ0BRc6sG817aF)\na high-level update of the 2021 feasibility study (“FS”) economics for its\nLobo-Marte project in Chile to account for inflationary impacts and\nadvancement of the execution strategy since 2021.\n\nJ. Paul Rollinson, CEO, made the following comments in relation to the\nproject’s announcement: “Lobo-Marte is an exciting, high-quality\ndevelopment opportunity in our portfolio. The initial mine plan is expected to\ncontribute 4.6 million ounces of production over a 15-year operating life,\nwith a substantial resource inventory beyond that. The project’s combination\nof scale and low operating and capital costs generates attractive returns and\nunderscores its potential to become a cornerstone asset for Kinross.\nLobo-Marte is expected to be a meaningful contributor to our long-term\nproduction profile while extending our presence in Chile well into the 2040s.\n\n“Our team has made significant progress across permitting, engineering and\nexecution planning to support the long-term development of the project. We\nwere pleased to recently welcome the President of Chile, José Antonio Kast,\nto our Copiapó office to discuss Kinross’ long-term commitment to Chile and\nour development pipeline in the Atacama Region. Chile is a world-class mining\njurisdiction and we appreciate the government’s focus on providing a stable\nframework that supports responsible investment, sustainable development, and\nlong-term economic growth. We believe Lobo-Marte will create long-term value\nfor shareholders while delivering meaningful economic and employment benefits\nfor local Indigenous communities and businesses in Chile.”\n\nDISCLAIMER: FN Media (FNM) is a third party publisher and news dissemination\nservice provider, which disseminates electronic information through multiple\nonline media channels. FNM is NOT affiliated in any manner with any company\nmentioned herein. FNM and its affiliated companies are a news dissemination\nsolutions provider and are NOT a registered broker/dealer/analyst/adviser,\nholds no investment licenses and may NOT sell, offer to sell or offer to buy\nany security. FNM’S market updates, news alerts and corporate profiles are\nNOT a solicitation or recommendation to buy, sell or hold securities. The\nmaterial in this release is intended to be strictly informational and is NEVER\nto be construed or interpreted as research material. All readers are strongly\nurged to perform research and due diligence on their own and consult a\nlicensed financial professional before considering any level of investing in\nstocks. All material included herein is republished content and details which\nwere previously disseminated by the companies mentioned in this release. FNM\nis not liable for any investment decisions by its readers or subscribers.\nInvestors are cautioned that they may lose all or a portion of their\ninvestment when investing in stocks. For current services performed FNM was\ncompensated forty six hundred dollars for news coverage of the current press\nreleases issued by ESGold Corp. by the company. FNM HOLDS NO SHARES OF ANY\nCOMPANY NAMED IN THIS RELEASE.\n\nThis release contains \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E the\nSecurities Exchange Act of 1934, as amended and such forward-looking\nstatements are made pursuant to the safe harbor provisions of the Private\nSecurities Litigation Reform Act of 1995. \"Forward-looking statements\"\ndescribe future expectations, plans, results, or strategies and are generally\npreceded by words such as \"may\", \"future\", \"plan\" or \"planned\", \"will\" or\n\"should\", \"expected,\" \"anticipates\", \"draft\", \"eventually\" or \"projected\". You\nare cautioned that such statements are subject to a multitude of risks and\nuncertainties that could cause future circumstances, events, or results to\ndiffer materially from those projected in the forward-looking statements,\nincluding the risks that actual results may differ materially from those\nprojected in the forward-looking statements as a result of various factors,\nand other risks identified in a company's annual report on Form 10-K or 10-KSB\nand other filings made by such company with the Securities and Exchange\nCommission. You should consider these factors in evaluating the\nforward-looking statements included herein, and not place undue reliance on\nsuch statements. The forward-looking statements in this release are made as of\nthe date hereof and FNM undertakes no obligation to update such statements.\n\nContact Information:\n\nMedia Contact email: editor@fnmediagroup.com - +1(561)486-1799\n\nSOURCE: FN Media\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/263b59e5-a91c-4f74-840e-5b937b4692ce)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-24T12:30:00.671190585Z","server_sent_at_ms":1790253000671},"received_at":"2026-09-24T12:30:00.722Z","source_url":null},"analysis":{"id":"140881","press_release_id":"152072","analysis_json":{"industry":{"label":"Gold","sector":"Materials"},"redFlags":["Third-party paid promotional commentary (FN Media compensated for news coverage), not an issuer-authored disclosure","KGC-specific content is re-disseminated and lacks new quantitative feasibility figures"],"eventType":"other","narrative":"This is a paid FN Media market commentary on the gold-mining sector, with gold holding above $4,300/oz and investment demand expected to drive gold demand through the rest of 2026.\n\nThe KGC-specific content is a re-disseminated high-level update on the Lobo-Marte project in Chile, with an initial mine plan expected to contribute 4.6 million ounces of production over a 15-year operating life.\n\nCEO J. Paul Rollinson called Lobo-Marte a potential cornerstone asset for Kinross, noting progress on permitting, engineering and execution planning and government engagement in Chile.\n\nThe release is promotional in nature — FN Media was compensated for coverage of ESGold, and Kinross is one of five companies named in a roundup.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Sector promo roundup — Lobo-Marte framing as a cornerstone asset is mildly positive color, but no new disclosure warrants posting."},"keyFigures":{"customDimensions":{"gold_price_per_oz":"$4,300","lobo_marte_production_oz":"4.6 million ounces","lobo_marte_mine_life_years":15}},"quotedText":"Lobo-Marte is an exciting, high-quality development opportunity in our portfolio. The initial mine plan is expected to contribute 4.6 million ounces of production over a 15-year operating life","namedEntities":{"people":[{"name":"J. Paul Rollinson","role":"CEO of Kinross Gold"},{"name":"José Antonio Kast","role":"President of Chile"},{"name":"Gordon Robb","role":"CEO of ESGold"},{"name":"Brad Langille","role":"President and CEO of GoGold Resources"}],"products":["Lobo-Marte project","Fruta del Norte","Los Ricos South","Montauban Project","Troilus Gold-Copper Project"],"companies":[{"name":"Kinross Gold Corporation","ticker":"KGC","relationship":"filer/subject of Lobo-Marte project update"},{"name":"ESGold Corp.","ticker":"ESAUF","relationship":"mentioned"},{"name":"GoGold Resources Inc.","ticker":"GLGDF","relationship":"mentioned"},{"name":"Lundin Gold Inc.","ticker":"LUGDF","relationship":"mentioned"},{"name":"Troilus Mining Corp.","ticker":"CHXMF","relationship":"mentioned"},{"name":"FN Media","relationship":"third-party publisher, compensated news dissemination"}],"dollarAmounts":[{"amount":"$4,300","context":"gold price per ounce"},{"amount":"$327.8 billion","context":"estimated global gold-mining market value for 2026"},{"amount":"$765.9 billion","context":"projected global gold-mining market value for 2034"},{"amount":"4.6 million ounces","context":"expected Lobo-Marte production over 15-year mine life"}]},"materialImpact":{"score":2,"reasoning":"This is a third-party FN Media sponsored market commentary in which Kinross is only one of five named companies. The KGC-specific content is a re-disseminated high-level update to the 2021 Lobo-Marte feasibility economics, with no new financial results or guidance."},"tickerRelevance":{"others":[{"ticker":"ESAUF","relevance":"mentioned"},{"ticker":"GLGDF","relevance":"mentioned"},{"ticker":"LUGDF","relevance":"mentioned"},{"ticker":"CHXMF","relevance":"mentioned"}],"primary":"KGC"},"globalImportance":10,"audienceRelevance":20,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"large-cap gold producer","eventGravity":"paid promotional commentary with re-disseminated project update","issuerAuthored":false,"retailFavoriteBoost":"gold sector has retail interest"}},"event_type":"other","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":2,"narrative":"This is a paid FN Media market commentary on the gold-mining sector, with gold holding above $4,300/oz and investment demand expected to drive gold demand through the rest of 2026.\n\nThe KGC-specific content is a re-disseminated high-level update on the Lobo-Marte project in Chile, with an initial mine plan expected to contribute 4.6 million ounces of production over a 15-year operating life.\n\nCEO J. Paul Rollinson called Lobo-Marte a potential cornerstone asset for Kinross, noting progress on permitting, engineering and execution planning and government engagement in Chile.\n\nThe release is promotional in nature — FN Media was compensated for coverage of ESGold, and Kinross is one of five companies named in a roundup.","key_figures":{"customDimensions":{"gold_price_per_oz":"$4,300","lobo_marte_production_oz":"4.6 million ounces","lobo_marte_mine_life_years":15}},"named_entities":{"people":[{"name":"J. 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