Mining Companies Print Record Profits As Gold Hits $4,000 Milestone

Equity Insider News Commentary

Issued on behalf of RUA GOLD Inc.

VANCOUVER, BC, Oct. 10, 2025 /CNW/ -- Equity InsiderNews Commentary – While gold's breach of $4,000 per ounce grabbed headlines this week^[1], the real story is unfolding in mining company balance sheets. Production costs have barely budged even as gold surged over 50% in 2025, creating what industry insiders call "windfall margins" where nearly every price increase drops straight to the bottom line^[2]. Federal Reserve rate cuts and relentless central bank buying have removed the ceiling on gold's upside^[3], putting companies like RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF), Thesis Gold Inc. (TSXV: TAU) (OTCQX: THSGF), Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF), and Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF).

With central banks snapping up 900 tonnes annually and Wall Street forecasting $4,900 gold by late 2026^[4], the structural drivers supporting this rally show no signs of reversing. The math is simple: stable all-in sustaining costs plus soaring gold prices equals profit margins expanding at nearly twice the rate of gold's price appreciation, creating a rare window where established producers and early-stage developers alike can generate exceptional returns for shareholders positioned ahead of the next leg higher.

RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) recently delivered exceptional high-grade results back in September from its expanding Auld Creek project, including standout intercepts of 17m at 9.8g/t AuEq and 8m at 8.9g/t AuEq. These latest results demonstrate significant strike extension of the current resource, positioning the company for substantial resource growth by year-end. The company has also made promising regional discoveries, with rock chip samples grading 14g/t gold found over 30km south of Reefton.

"These drill results from Auld Creek have significantly expanded the scale and potential of the project and put us well on the way to growing the resource base as we announced last month," said Robert Eckford, CEO of RUA GOLD. "Importantly, the mineralized system has been extended both vertically and along strike and remains open in all directions."

The company recently announced a major expansion to its Reefton drill campaign, mobilizing a third rig and targeting over 4,000 metres of new drilling at Auld Creek to grow the gold-antimony resource above 300,000 ounces by year-end. RUA GOLD also has a third rig drilling at targets across the remainder of the district, focusing on highly ranking prospects highlighted by its VRIFY AI targeting process.

With momentum building and results accelerating, RUA GOLDjust announced an ambitious Q4 conference schedule that will showcase the company's high-grade gold-antimony story to institutional investors across three continents. The executive team will present at six major mining investment events spanning Munich, New York, Sydney, New Zealand, and Zurich throughout October and November.

"We're excited to showcase RUA GOLD on this global stage and connect with some of the top minds in mining investment," said Eckford. "With antimony supply tightening and gold reaching further record highs, RUA GOLD is positioned to be the next explorer transitioning to developer in New Zealand."

The conference circuit kicked off at Munich Mining Conference on October 3-4, where CFO Zeenat Lokhandwala presented to over 1,000 German retail investors. The schedule continues with the Metals & Mining Virtual Investor Conference (October 7-9), Hidden Gems Conference in New York (October 20-21), and the International Mining and Resources Conference in Sydney (October 21-23), where COO Simon Henderson will represent RUA GOLD within the New Zealand pavilion. The tour concludes with the West Coast Minerals Forum in New Zealand (October 30) and the prestigious Swiss Mining Institute Conference in Zurich (November 20-21).

The Reefton Goldfield is a historically prolific district that produced more than 2 million ounces at grades up to 50 g/t. RUA GOLD now controls 120,000 hectares (roughly 95%) in the area and has confirmed multiple stacked mineralized shoots at Auld Creek, including previous standout intercepts of 2.1 m at 64 g/t AuEq (5.5 g/t gold and 13.1% antimony).

Antimony continues to be a major tailwind for the company's positioning, with prices surging past US$50,000 per tonne in 2025 following China's export restrictions. New Zealand has formally designated it as a critical mineral, adding further significance to RUA GOLD's dual-commodity profile. Surface samples have returned over 40% Sb, and several drill holes exceed 8%, grades rarely seen this early in a project's development cycle.

On the North Island, drill access applications have been submitted for RUA's Glamorgan project in the Hauraki Goldfield, home to the 10 Moz Martha mine. Glamorgan's 4 km gold-arsenic anomaly has been refined using VRIFY'sDORA AI engine, with drilling expected to begin in Q4.

With $14 million in cash and a leadership team behind US$11 billion in prior exits, RUA GOLD is well-positioned to deliver meaningful discovery growth across both islands.

CONTINUED… Read this and more news for RUA GOLD at:   https://equity-insider.com/2025/04/24/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

In other industry developments and happenings in the market include:

Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) has announced a maiden mineral resource estimate at its 100%-owned Manhattan District in Nevada, comprising 18,343,000 tonnes grading 1.26 g/t gold for 740,000 oz contained gold in the inferred category. The company also disclosed a historical mineral resource estimate covering satellite deposits at Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo totaling 1,652,325 tonnes grading 5.89 g/t gold for 303,949 oz contained gold.

"The Maiden MRE represents the starting point for the newly consolidated 100%-owned Manhattan District, and does not yet incorporate any 2025 drilling by the Company," said Zayn Kalyan, CEO of Scorpio Gold. "The estimates also highlight the high-grade nature of the gold mineralization, with grade being the key factor that distinguishes Manhattan from other open-pit assets in Nevada. Scorpio Gold's objective is to build a multi-million-ounce resource at a grade that sets it apart from peers – an objective we are well positioned to pursue with the team and capital in place."

The maiden resource incorporates over 92,000 metres of historical drilling across more than 1,300 drillholes and does not yet include the company's 2025 drilling program, which remains underway. An NI 43-101 technical report detailing the mineral resource estimate will be filed on SEDAR+ and the company's website within 45 days.

Thesis Gold Inc. (TSXV: TAU) (OTCQX: THSGF) has reported drilling results extending mineralization at the Bingo Zone of its Lawyers-Ranch Project in British Columbia, with drillhole 25BNGDD002 intersecting 89.30 m of 1.10 g/t Au from surface, including 12.00 m of 2.31 g/t Au, 3.47 g/t Ag, and 0.24% Cu beginning at 71.00 m downhole. The mineralization in this hole extends 30 m beyond currently modeled mineral resource domains and was abandoned ending in mineralization due to ground conditions, further emphasizing expansion potential.

"Our work at Ranch this year continues to underscore the project's potential beyond what is captured in the 2024 PEA," said Ewan Webster, President and CEO of Thesis Gold. "Drilling at Bingo emphasizes that there is still room for growth in the Ranch portion of the resource. In addition, the IP survey has opened up an entirely new perspective on the central portion of Ranch."

The company has completed an 86 line-kilometer induced polarization geophysical survey that has identified several compelling new targets beyond the resource zones. These exploration efforts build on the strong economics outlined in the 2024 Preliminary Economic Assessment, which demonstrated an after-tax NPV (5%) of C$1.28 billion, an IRR of 35.2%, and a 2.0-year payback period at US$1,930 gold and US$24 silver, with updated project economics expected in Q4 2025 through a Prefeasibility Study.

Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) has entered into a definitive agreement to acquire all issued and outstanding common shares of Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF), with each Kesselrun shareholder receiving $0.02 in cash and 0.2152 of a Gold X2 share per Kesselrun share held. The transaction will result in Gold X2 acquiring a 100% interest in Kesselrun's high-grade Huronian Gold Project, a past-producing mine strategically located adjacent to Gold X2's Moss Gold Project in Northern Ontario, with existing Kesselrun shareholders owning approximately 4.13% of the combined entity.

"The acquisition of Kesselrun Resources will mark a pivotal step forward for Gold X2 as we continue to consolidate a very prospective gold belt in Ontario," said Michael Henrichsen, President and CEO of Gold X2. "By bringing the Huronian project under our umbrella, we are positioning Gold X2 with multiple opportunities for potential resource growth and development synergies alongside our flagship Moss Gold Project. We look forward to unlocking the full potential of this regional land package and creating long-term value for all of our shareholders."

The transaction is expected to close on or about November 27, 2025, subject to Kesselrun shareholder approval (requiring at least 66⅔% of votes cast), court approval, and applicable regulatory approvals including TSXV approval. Gold X2 has also agreed to pay $2,000,000 in outstanding Kesselrun debt to certain creditors and provide a $500,000 interest-free bridge loan to fund transaction costs, with the boards of both companies having unanimously approved the deal and directors and officers of Kesselrun holding approximately 9.75% of outstanding shares entering into voting support agreements.

CONTACT:

Equity Insider
[email protected]
[phone]

DISCLAIMER:  Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee by a third-party, Sidis Holdings Limited ("Sidis") for an advertising contract between Sidis and RUA Gold Inc.. MIQ has not been paid a fee for RUA Gold Inc. advertising or digital media, but the owner/operators of MIQ also co-owns Baystreet.ca Media Corp. ("BAY") There may also be 3rd parties who may have shares of RUA Gold Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not own any shares of RUA Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of RUA Gold Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of Sidis has been approved by RUA Gold Inc. Technical information relating to RUA GOLD Inc. has been reviewed and approved by Simon Henderson, CP, AUSIMM, a Qualified Person as defined by National Instrument 43-101. Mr. Henderson is Chief Operational Officer of RUA GOLD Inc., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of RUA Gold Inc. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

SOURCES CITED:

1. https://www.cnn.com/2025/10/07/investing/gold-4-000-an-ounce
2. https://markets.financialcontent.com/stocks/article/marketminute-2025-10-9-gold-rush-20-mining-stocks-poised-for-windfall-as-bullion-blasts-past-4000 
3. https://www.cbsnews.com/news/why-is-the-price-of-gold-rising-4000-ounce-economy/ 
4. https://www.investing.com/news/commodities-news/goldman-sachs-raises-its-gold-price-target-to-4900-by-end2026-4274295 

Logo: https://mma.prnewswire.com/media/2644233/5556051/Equity_Insider_Logo.jpg