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Antimony Market Faces a Nov. 27 Export-Control Deadline from China

Auld Creek's permitting and resource milestones remain targets, while China's separate restrictions on U.S. military users remain in effect.

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rua Gold (NZAUF) reported further gold-antimony drilling results at Auld Creek while targeting an updated resource estimate in Q4 2026. Hole ACDDH127 returned 6.6 meters at 24.9 grams per tonne gold equivalent, including 10.5 grams per tonne gold and 6.7% antimony. Four rigs are active, and drilling has confirmed the Fraternal structure over 1,400 meters northward and beyond 500 meters depth. Rua targets its Fast-Track Approvals application for October and a preliminary feasibility study for December 2026; acceptance into the process is not a permit.

China's suspension of its antimony export prohibition to the United States runs until November 27, 2026. Restrictions on dual-use items for U.S. military users remain. Separately, Agnico Eagle (AEM) reported $1,600 million in second-quarter net income, but a Canadian Malartic incident is expected to reduce that mine's production. Eldorado, Fortuna and SSR Mining also reported earnings and project updates.

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27 points · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 6 points

Hollow bars mark forward-looking points. How the balance works

Positive

  • Moderate pointAgnico Eagle's Q2 2026 net income reached $1,600 million, or $3.19 per share.
  • Moderate pointAgnico Eagle generated Q2 2026 free cash flow of $1,335 million, or $2.66 per share.
  • Moderate pointAgnico Eagle returned a record $625 million to shareholders in Q2 2026.
  • Minor pointRua's ACDDH127 intersected 6.6 meters at 24.9 g/t gold equivalent from 359 meters.
  • Minor pointRua's ACDDH130 intersected 6.3 meters at 14.4 g/t gold equivalent from 208 meters.
22 minor points
  • Minor pointRua's ACDDH121 intersected 11.7 meters at 5.0 g/t gold equivalent from 365.5 meters.
  • Minor pointRua's ACDDH123A intersected 2.2 meters at 34.6 g/t gold equivalent from 228 meters.
  • Minor pointRua's ACDDH123B intersected 5 meters at 7.4 g/t gold equivalent from 236 meters.
  • Minor pointRua's Fraternal structure is drill-confirmed over 1,400 meters northward and beyond 500 meters depth.
  • Minor pointRua reports greater than 70% conversion of inferred resources to the higher-confidence indicated category.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Rua has four rigs advancing resource drilling and plans to examine depth potential in Q4 2026.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Rua targets an updated mineral resource estimate in Q4 2026.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Rua targets its October 2026 approval application and December 2026 preliminary feasibility study.
  • Minor pointRua's geotechnical and metallurgical testing for the preliminary feasibility study is largely complete.
  • Minor pointEldorado's Q2 2026 net earnings were $172.8 million, or $0.69 per basic share.
  • Minor pointEldorado achieved Skouries first concentrate September 8, 2026 and completed grid connection September 28.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Eldorado expects Skouries commercial production in Q4 2026.
  • Minor pointFortuna approved a 30% Séguéla capacity expansion, from 1.75 to 2.3 million tonnes annually.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Fortuna expects Séguéla production above 200,000 gold ounces annually over the next decade.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Fortuna estimates Séguéla expansion payback at approximately 2.5 years.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Fortuna schedules construction for second-half 2026, Sunbird underground mining for Q2 2027 and expanded-capacity ramp-up for second-half 2028.
  • Minor pointFortuna generated Q2 2026 free cash flow from ongoing operations of $85.7 million.
  • Minor pointFortuna's Q2 2026 adjusted EBITDA was $200.8 million, with a 63% margin.
  • Minor pointFortuna returned $82.1 million through share buybacks in Q2 2026.
  • Minor pointSSR Mining's Q2 2026 attributable net income was $137.0 million, or $0.66 per diluted share.
  • Minor pointSSR Mining generated Q2 2026 $115.6 million operating cash flow and $50.3 million free cash flow.
  • Minor pointSSR Mining ended Q2 2026 with $1,783.0 million cash and no long-term debt.

Negative

  • Moderate point. Forward-looking: it has not happened yet and may not happen.Agnico Eagle expects Canadian Malartic production reductions of 60,000–80,000 ounces in second-half 2026 after the Barnat incident.
  • Moderate point. Forward-looking: it has not happened yet and may not happen.Agnico Eagle expects Canadian Malartic reductions of up to 150,000 ounces annually in 2027 and 2028.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Fortuna's Séguéla expansion requires $109 million construction capital.
  • Minor pointRua's Fast-Track acceptance is not a permit or consent; its substantive application remains targeted for October 2026.
  • Minor pointRua's highlighted drill intercepts are selective and should not be treated as typical of the whole system.
  • Minor pointRua's gold-equivalent grades depend on assumed metal prices and 85% recovery; actual prices and recoveries can differ.

Key Figures

Antimony market forecast: $5.26 billion Export-control suspension deadline: November 27, 2026 U.S. antimony import reliance: 91% of apparent consumption +4 more
Antimony market forecast
$5.26 billion
Projected global market size in 2026
Export-control suspension deadline
November 27, 2026
China's suspension of its antimony export prohibition to the United States
U.S. antimony import reliance
91% of apparent consumption
2025
Realized gold price
$4,483 per ounce
Agnico Eagle, Q2 2026
ACDDH127 drill interval
6.6 m at 24.9 g/t AuEq (10.5 g/t Au; 6.7% Sb)
Auld Creek; from 359 m
Fast-Track application target
October 2026
Auld Creek substantive application
Pre-Feasibility Study target
December 2026
Auld Creek

Key Terms

pfs, ni 43-101, fire assay, xrf
4 terms
pfs technical
"Pre-Feasibility Study ("PFS")"
Progression-free survival (PFS) is a clinical-trial measure that records how long, on average, patients live without their disease getting worse after starting a treatment. For investors, PFS acts like a stopwatch of a drug’s effectiveness: longer PFS can signal meaningful patient benefit, improve chances of regulatory approval or label strength, and raise a drug’s commercial value, while shorter or unchanged PFS can weigh on a company’s prospects.
ni 43-101 regulatory
"lodgment of the required NI 43-101 reports."
A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.
fire assay technical
"gold by 50 g fire assay with AAS finish"
Fire assay is a laboratory process used to accurately measure the amount of precious metals, like gold or silver, in a sample of ore or material. It involves heating the sample intensely to separate the metals from other substances, much like melting and purifying metal to determine its purity. This method is important to investors because it provides precise data on the metal content, helping to assess the value of mining operations or mineral deposits.
xrf technical
"antimony by lithium borate fusion with an XRF finish"
X-ray fluorescence (XRF) is a non-destructive lab technique that uses X-rays to identify and measure the elements in a material, like reading the elemental 'fingerprint' of a rock, metal part, or product. Investors care because XRF helps confirm the quality, composition and value of raw materials, ores or manufactured goods quickly and cheaply, which can affect mining grades, production costs, regulatory compliance and the valuation of companies tied to those materials.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, BC, Oct. 5, 2026 /PRNewswire/ -- Canada News Group News Commentary - The global antimony market is projected to grow from $4.94 billion in 2025 to $5.26 billion in 2026, a 6.6% compound annual growth rate, and to reach $6.65 billion by 2030 at a 6.0% compound annual growth rate, according to The Business Research Company's Antimony Global Market Report 2026. The metal goes into flame retardants, lead-acid batteries, ammunition and glass, and it now carries a policy clock: China's suspension of its antimony export ban to the United States runs until November 27, 2026. Gold producers, meanwhile, are reporting realized prices above $4,000 an ounce, and at least one gold-antimony system in New Zealand is moving through a stated permitting timeline. Active Companies from around the markets with current developments this week include:

Canada News Group Logo

Rua Gold Inc. (OTCQX: NZAUF) (TSX: RUA) (NZX: RGI)

Agnico Eagle Mines Limited (NYSE: AEM)

Eldorado Gold Corporation (NYSE: EGO)

Fortuna Mining Corp. (NYSE: FSM)

SSR Mining Inc. (NASDAQ: SSRM)

A second forecast sizes the market differently but points the same way. Grand View Research estimated the global antimony market at USD 2.17 billion in 2023 and projected a 6.1% compound annual growth rate from 2024 to 2030.

The United States leans heavily on imports. The U.S. Geological Survey's Mineral Commodity Summaries 2026 reports that net import reliance was 91% of apparent consumption in 2025, and that the leading uses of antimony were metal products, including flame retardants, at 49%, antimonial lead and ammunition at 40%, and nonmetal products, including ceramics, glass and rubber, at 11%.

The policy backdrop is the second leg. China announced on November 9, 2025 that it would suspend its prohibition on exports of gallium, germanium, antimony and superhard materials to the United States until November 27, 2026, according to Fastmarkets. The prohibition was first introduced in December 2024. The suspension did not address the separate prohibition on dual-use items going to U.S. military users, which remains in effect. The deadline falls less than eight weeks after the date of this article.

Gold prices are doing part of the work on the other side of the ledger. Agnico Eagle reported a realized gold price of $4,483 per ounce for the second quarter of 2026, and Eldorado Gold reported $4,379 per ounce. By comparison, Rua Gold's gold-equivalent calculation at its Auld Creek project assumes US$3,000 per ounce of gold and US$25,000 per tonne of antimony, so its published grades are expressed on a price deck below what producers are currently realizing.

RUA GOLD Reports Further High-Grade Drill Results and Mineral Continuity at its Auld Creek Gold-Antimony Project

  • Four drill rigs continue resource drilling across the Auld Creek system, which remains open along strike and at depth.
  • ACDDH127 returned 6.6 m at 24.9 g/t AuEq (10.5 g/t Au and 6.7% Sb) from 359 m, including 0.3 m at 43.6 g/t Au and 33.3% Sb.
  • ACDDH130 returned 6.3 m at 14.4 g/t AuEq (13.7 g/t Au and 0.3% Sb) from 208 m, including 0.3 m at 69.2 g/t Au.
  • An updated Mineral Resource Estimate is targeted for Q4 2026, and the Fast-Track Approvals application is targeted for October 2026.

Rua Gold Inc. (OTCQX: NZAUF) (TSX: RUA) (NZX: RGI) (WKN: A40QYC) ("RUA GOLD" or the "Company") said on October 5, 2026 that its resource drilling at the Auld Creek gold-antimony project in Reefton, New Zealand continues to intersect high-grade mineralization, with visible gold still being observed in drill core. Other highlighted holes in the release include ACDDH121, which returned 11.7 m at 5.0 g/t AuEq (4.1 g/t Au and 0.4% Sb) from 365.5 m; ACDDH123A, which returned 2.2 m at 34.6 g/t AuEq (10.3 g/t Au and 11.3% Sb) from 228 m; and ACDDH123B, which returned 5 m at 7.4 g/t AuEq (4.8 g/t Au and 1.2% Sb) from 236 m. Read the full release at ruagold.com.

The Company said the Fraternal structure, a major synclinal sheared fold that hosts the mineralization, has now been drill confirmed to extend northward for over 1,400 meters and has been intercepted at over 500 meters depth. Infill drilling along the structure is confirming high-grade shoots that dip shallow to moderately northward in a repeating sequence, with the Company describing repeating shoots at depth at approximately 40 meter intervals. The current ratio of conversion of inferred to indicated resources is greater than 70%, according to the Company, and is improving with each successful hole.

The active resource program also includes the geotechnical and metallurgical testing required for the Pre-Feasibility Study ("PFS"), including hydrology, rock strength, specific gravity and ore zone characterization. The Company said that work is largely complete ahead of its Fast-Track application and the lodgment of the required NI 43-101 reports. Drilling is now probing northward to extend the mineralized body, with depth potential to be examined in Q4 2026.

The permitting timeline matters to the antimony thesis. Following the Company's July 30, 2026 announcement that Auld Creek had been accepted as a listed project under New Zealand's Fast-Track Approvals regime, RUA GOLD said it remains on track to submit its substantive application in October 2026 and to publish a PFS in December 2026. In the release, CEO Robert Eckford said: "These latest results, together with continued observations of visible gold, reinforce the high-grade nature and growth potential of Auld Creek. The continuity of the high-grade shoots, together with repeating mineralization at depth, is increasing our confidence in the potential for further resource growth. With four rigs continuing to advance the resource, we are targeting an updated Mineral Resource Estimate in Q4 while remaining on track to submit our Fast-Track Approvals application in October."

Beyond Auld Creek, the Company says it controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island, with over 120,000 hectares of permits, in a district that it states historically produced over 2 Moz of gold grading from 9 to 50 g/t, citing its technical report on the Reefton Project with an effective date of February 27, 2026. It also holds the Glamorgan Project in the Hauraki District on the North Island, a region the Company describes as having produced 15 Moz of gold and 60 Moz of silver. Those historical figures are regional context and are not resources or reserves of the Company.

Core samples were sent to SGS Laboratories, Westport for sample preparation, and pulverized samples were analyzed by ALS Brisbane for gold by 50 g fire assay with AAS finish and for antimony by lithium borate fusion with an XRF finish, according to the release. Simon Henderson, CP, AusIMM, the Company's Chief Operating Officer and a director, reviewed and approved the technical disclosure and is not independent of the Company.

Risks to weigh. These are exploration results. The Company has not defined a mineral reserve at Auld Creek. Intercepts are downhole core lengths that may not represent true widths, and the highlighted intercepts are selective, so they should not be read as typical of the whole system. Gold equivalent grades depend on assumed metal prices and 85% recovery, and realized prices and recoveries can differ. Fast-Track acceptance is not a permit or consent. The October application, the Q4 resource update and the December PFS are targets, not commitments, and any of them can slip or come out differently than expected. Antimony and gold prices are volatile, and the export-control picture in China can change in either direction before or after November 27. Readers should review the Company's disclosure record on SEDAR+ and the full disclaimer below.

CONTINUED... Read this and more news for Rua Gold Inc. (OTCQX: NZAUF) (TSX: RUA) (NZX: RGI) (WKN: A40QYC) at: https://www.canadanewsgroup.com

In other industry developments and happenings in the market this week include:

Agnico Eagle Mines Limited (NYSE: AEM) reported second quarter 2026 results on July 29, 2026, with payable gold production of 855,816 ounces, a realized gold price of $4,483 per ounce, total cash costs of $1,054 per ounce and all-in sustaining costs of $1,459 per ounce, according to its results release filed with the SEC. Net income was $1,600 million, or $3.19 per share, adjusted net income was $1,541 million, or $3.07 per share, and free cash flow was $1,335 million, or $2.66 per share. The company returned a record $625 million to shareholders in the quarter and maintained its 2026 production guidance of 3.3 to 3.5 million ounces.

The same release discussed the Barnat pit incident at Canadian Malartic, which Agnico Eagle said will reduce gold production at that mine by 60,000 to 80,000 ounces in the second half of 2026, and by up to 150,000 ounces in each of 2027 and 2028. Agnico Eagle President and CEO Ammar Al-Joundi said the strength of the business and the company's balanced capital allocation approach enabled it to reinvest in future growth, complete its regional consolidation in Finland, strengthen its balance sheet and "return a record $625 million to our shareholders."

Eldorado Gold Corporation (NYSE: EGO) reported second quarter 2026 results on July 30, 2026, with production of 104,616 ounces, sales of 102,691 ounces at an average realized price of $4,379 per ounce, all-in sustaining costs of $1,926 per ounce sold, and net earnings of $172.8 million, or $0.69 per basic share. The company guided to 495,000 to 600,000 ounces of consolidated 2026 production, and to 430,000 to 490,000 ounces excluding Skouries and McIlvenna Bay.

The release said the Skouries project in Greece was 97% complete, with first production of copper-gold concentrate expected in Q3 2026 and 2026 gold production of between 60,000 and 100,000 ounces. Eldorado later announced first concentrate at Skouries on September 8, 2026 and the completion of mine energization, connecting the site to the Greek national grid, on September 28, 2026, with commercial production expected in Q4 2026, per its news releases. CEO George Burns said in the Q2 release: "Second quarter results reflect continued cash flow generation across the portfolio, supported by a favourable gold price environment."

Fortuna Mining Corp. (NYSE: FSM) approved a 30% capacity expansion of its Séguéla gold mine in Côte d'Ivoire on July 29, 2026, lifting throughput from 1.75 to 2.3 million tonnes per year. The company said Séguéla is expected to produce more than 200,000 ounces of gold per year over the next decade, with construction capital of $109 million and a payback of approximately 2.5 years. Construction is scheduled to begin in the second half of 2026, Sunbird underground mining in Q2 2027, and ramp-up to 2.3 million tonnes per year in the second half of 2028.

On August 5, 2026, Fortuna reported second quarter results with 72,217 gold equivalent ounces produced, free cash flow from ongoing operations of $85.7 million, adjusted EBITDA of $200.8 million at a 63% margin, and $82.1 million returned to shareholders through share buy-backs. President and CEO Jorge Ganoza said the quarter "demonstrated the strength of our portfolio as we funded our growth projects, maintained a strong balance sheet, and still generated sufficient excess cash to return $82.1 million to shareholders through share buy-backs." Fortuna's company materials are available at fortunamining.com.

SSR Mining Inc. (NASDAQ: SSRM) reported second quarter 2026 results on August 4, 2026, with 101,959 gold equivalent ounces produced, net income attributable to shareholders of $137.0 million, or $0.66 per diluted share, operating cash flow of $115.6 million and free cash flow of $50.3 million. The company ended the quarter with $1,783.0 million of cash and no long-term debt, and guided to 450,000 to 535,000 gold equivalent ounces for 2026.

Executive Chairman Rod Antal said: "We have now completed the strategic repositioning of our business to the Americas. Anchored by our long-lived Marigold and CC&V operations in the USA, our focus on delivering sustainable free cash flow and best-in-class capital returns is a clear differentiator amongst the peer group." Company information is available at ssrmining.com.

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Contact Information

Canada News Group

Media Contact: info@canadanewsgroup.com 

DISCLAIMER

Nothing in this publication should be considered personalized financial advice. We are not licensed under securities laws to address your particular financial situation, and no communication from us should be deemed 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 a recommendation to buy or sell any security. We hold no investment licenses and are 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.

This article is being distributed by Canada News Group, which is wholly owned and operated by Market Equities Limited ("MEL"), a company incorporated under the laws of Ireland. MEL has been paid a fee directly by Rua Gold Inc. for Rua Gold Inc. advertising and digital media services. MEL also expects to receive further compensation as part of 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, has been reviewed and approved by Rua Gold Inc. 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 not to use this publication as the basis for any investment decision.

Market Equities and its owners, operators, directors, and affiliates do not currently own any shares of Rua Gold Inc., but reserve the right to buy, sell, or hold shares of Rua Gold Inc. at any time without further notice, commencing immediately and ongoing, in the open market, through private placements, and/or through other investment vehicles. There may also be third parties who hold shares of Rua Gold Inc. and may liquidate their shares, which could have a negative effect on the price of the stock.

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 this publication is not trustworthy unless verified by their own independent research. Because events and circumstances frequently do not occur as expected, there will likely be differences between 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, and you may lose some or all of your investment.

Cautionary Note on Exploration Results. Rua Gold Inc. has not defined any mineral reserve at the Auld Creek Project. Drill intercepts are reported as downhole core lengths and may not represent true widths. The highlighted intercepts are selective and are not representative of the grade or continuity of the mineralization as a whole. Gold equivalent (AuEq) values are calculated by the company as Au g/t plus 2.15 times Sb %, using assumed prices of US$3,000 per ounce of gold and US$25,000 per tonne of antimony and 85% recovery; these are assumptions and not guarantees of realized prices or recoveries. Visible gold observed in core is not an indicator of grade. Acceptance of a project as a listed project under New Zealand's Fast-Track Approvals regime is not a permit or consent, and the timing of the substantive application, the updated Mineral Resource Estimate and the Pre-Feasibility Study are company targets that may change. There is no assurance that any application will be submitted or approved, or that any study will be completed or will be positive. Historical production figures for the Reefton and Hauraki districts are regional context only and are not resources or reserves of the company. The technical disclosure in the company's release was reviewed and approved by Simon Henderson, CP, AusIMM, a qualified person under National Instrument 43-101 and the company's Chief Operating Officer and a director, who is not independent of the company. Readers should refer to the company's disclosure record on SEDAR+ at www.sedarplus.ca and to the company's news release for full details.

References to Agnico Eagle Mines Limited, Eldorado Gold Corporation, Fortuna Mining Corp. and SSR Mining Inc. are provided solely as market and sector context. Those companies are not peers, competitors, or financial comparables of Rua Gold Inc., none of them is involved in the preparation of this article, and their results are not indicative of Rua Gold Inc.'s prospects. No partnership, affiliation, or endorsement is implied.

Third-party market-size figures and forecasts cited in this article are projections by the named research firms and government agencies, are not guarantees, and do not represent revenue addressable by Rua Gold Inc. or any company named herein. Gold and antimony prices are volatile and may change materially.

Forward-Looking Statements. This article contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding drilling results, resource estimates, studies, permitting timelines, metal prices, supply and demand, and government policy. Such statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. We undertake no obligation to update any forward-looking statement except as required by law.

Eagle Eye Disclosure. Eagle Eye is an investor signal-intelligence platform affiliated with the publisher of this article, and this reference constitutes promotion of an affiliated product. Eagle Eye is not a broker-dealer, and nothing in the platform or in this article is financial, investment, tax, or legal advice. Data provided in the platform is for informational purposes only and may be delayed. Always do your own research before making any investment decision.

This document is governed by the laws of Ireland.

 

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SOURCE Canada News Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does China's suspension of its U.S. antimony export prohibition end?

The suspension runs until November 27, 2026. China announced the suspension on November 9, 2025, covering gallium, germanium, antimony and superhard materials. The separate prohibition on dual-use items going to U.S. military users remains in effect.

What did Rua Gold's latest Auld Creek drilling show?

Hole ACDDH127 returned 6.6 meters at 24.9 grams per tonne gold equivalent from 359 meters, comprising 10.5 grams per tonne gold and 6.7% antimony. Its included 0.3-meter interval contained 43.6 grams per tonne gold and 33.3% antimony. These are exploration intercepts, not evidence of a defined mineral reserve.

What assumptions does Rua Gold use for Auld Creek gold-equivalent grades?

Rua uses US$3,000 per ounce gold, US$25,000 per tonne antimony and 85% recovery for its gold-equivalent calculation, which expresses the combined metals as an equivalent gold grade. Actual metal prices and recoveries can differ from these assumptions.

What production and cost figures did Agnico Eagle, Eldorado and SSR Mining report for Q2 2026?

Agnico Eagle reported 855,816 payable gold ounces, Eldorado produced 104,616 gold ounces, and SSR Mining produced 101,959 gold-equivalent ounces. Agnico Eagle's realized gold price was $4,483 per ounce, cash costs were $1,054 per ounce and all-in sustaining costs were $1,459 per ounce. Eldorado sold 102,691 ounces at $4,379 per ounce, with all-in sustaining costs of $1,926 per ounce sold.

What 2026 production guidance did the gold producers provide?

Agnico Eagle maintained 3.3–3.5 million gold ounces, Eldorado guided to 495,000–600,000 gold ounces, and SSR Mining guided to 450,000–535,000 gold-equivalent ounces. Eldorado's guidance excluding Skouries and McIlvenna Bay was 430,000–490,000 ounces, with Skouries expected to contribute 60,000–100,000 ounces. Fortuna reported Q2 2026 production of 72,217 gold-equivalent ounces.

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