Gold Demand Shatters Records as Producers Post Historic Results

Rhea-AI Summary

TRX Gold (TSX: TRX) reported record Q1 2026 results from Buckreef: 6,597 ounces poured, 6,492 ounces sold at an average realized price of $3,860/oz, revenue of $25.1M, gross profit $14.2M (57% margin) and EBITDA $13.2M (53% margin).

The company is advancing a plant expansion from 2,000 to >3,000 t/d and increased ROM stockpile to 22,891 ounces, supporting a PEA projection of annual production beyond 62,000 ounces.

Positive

• Q1 production 6,597 ounces poured
• Revenue of $25.1M in Q1 2026
• Gross margin 57% and EBITDA margin 53%
• ROM stockpile increased to 22,891 ounces
• Processing expansion planned to >3,000 t/d targeting >62,000 oz/year

Negative

• Paid promotion and disclosed compensation create a conflict of interest that may affect credibility

News Market Reaction – ORLA

-2.42%

9 alerts

-2.42% News Effect

-$147M Valuation Impact

$5.91B Market Cap

0.1x Rel. Volume

On the day this news was published, ORLA declined 2.42%, reflecting a moderate negative market reaction. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $147M from the company's valuation, bringing the market cap to $5.91B at that time.

Data tracked by StockTitan Argus on the day of publication.

Issued on behalf of GoldHaven Resources Corp.

VANCOUVER, BC, Feb. 17, 2026 /PRNewswire/ -- USANewsGroup.com News Commentary – Gold is trading above US$5,000 per ounce in February 2026, holding at levels that would have seemed implausible a year ago. Fibonacci analysis now projects a base case of US$6,100, with Wells Fargo raising its forecast to US$6,100 to US$6,300 and JPMorgan targeting US$6,300^[1]. The supply side of the equation is equally significant: S&P Global confirmed a 10 million metric tonne copper supply deficit by 2040, with demand projected to reach 42 million metric tonnes as AI infrastructure and defense spending accelerate faster than new mines can be permitted^[2]. Against that backdrop, GoldHaven Resources (CSE: GOH), Orla Mining (TSX: OLA), Lundin Gold (TSX: LUG), TRX Gold (TSX: TRX), and Aya Gold & Silver (TSX: AYA) are advancing gold assets across the Americas, Africa, and Morocco.

Gold's bull market has been building for over a year. Prices rose approximately 70% in 2025, the strongest annual performance since the 1970s, underpinned by central bank purchases of roughly 850 tonnes and Q4 2025 retail ETF inflows exceeding 280 tonnes^[3]. Global gold demand exceeded 5,000 tonnes for the first time in history last year, lifting the total value of consumption to US$555 billion, a 45% increase year over year^[4]. For producers, record gold prices are translating directly into expanded margins, increased dividends, and accelerated exploration budgets. For explorers, the math is straightforward: every confirmed ounce in the ground is worth significantly more today than it was twelve months ago.

GoldHaven Resources  (CSE: GOH) (OTCQB: GHVNF) has confirmed gold mineralization in bedrock at its Copeçal West Target in Brazil, with the first-ever drilling at the high-priority zone returning 39 meters at 0.11 g/t gold from 58 meters depth in unweathered rock. That interval, from hole COPE-PDH-008, included 3 meters grading 0.30 g/t gold and represents the first confirmation that the broad surface gold anomaly at Copeçal is sourced from a mineralized system in fresh bedrock beneath a thick saprolite layer that had previously masked the geology below. All four holes drilled at the Western Target intersected anomalous gold. Hole COPE-PDH-006 returned 7 meters at 0.46 g/t gold, including 1 meter at 1.21 g/t. Hole COPE-PDH-007 cut 28 meters at 0.14 g/t gold with a 1-meter intercept grading 1.04 g/t. Hole COPE-PDH-005 hit 30 meters at 0.16 g/t gold from surface, including 22 meters at 0.20 g/t. The consistency of anomalous gold across all four holes validates the company's exploration model and provides a strong foundation for follow-up drilling designed to vector toward higher-grade zones at depth and along strike.

"These latest drill results represent a major milestone for the Copeçal Project," stated Robert Birmingham, CEO of GoldHaven. "For the first time, we have confirmed gold anomalism in fresh bedrock beneath the thick saprolite profile that previously masked the system. Importantly, these are the first holes ever drilled at the Western Target, and the results provide strong confidence that the robust surface geochemical anomaly is sourced from an underlying mineralized system."

The Copeçal Gold Project sits within the Alta Floresta Mineral Province, a Paleoproterozoic belt in Brazil's Juruena Gold Province where GoldHaven Resources holds 3,681 hectares. The region is recognized for hosting multiple gold and copper occurrences, and the company previously completed its inaugural diamond drilling program at Copeçal's East Target, where nine holes totaling 1,085.7 meters discovered bornite, suggesting potential for a substantial gold-copper system.

Beyond Brazil, GoldHaven Resources has confirmed anomalous tungsten mineralization at its Magno Property in British Columbia, where the 2025 surface program returned bonanza silver grades up to 2,370 grams per tonne and tungsten values reaching 6,550 ppm across multiple skarn zones. The company also confirmed high-grade copper at its Three Guardsmen Project, with surface sampling returning up to 15.85% copper. GoldHaven now controls 133,186 hectares across proven mining jurisdictions, with all projects supported by a comprehensive 43-101 Technical Report.

CONTINUED… Read this and more news for GoldHaven Resources at:

https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/

In other industry developments and happenings in the market include:

Orla Mining  (TSX: OLA) (NYSE: ORLA) has achieved record quarterly production in Q4 2025, propelling the company above the 300,000-ounce threshold for the first time in its history. The company produced 300,620 ounces of gold for the full year, exceeding revised annual guidance. The Musselwhite mine contributed 203,856 attributable ounces, surpassing the top end of its guidance range.

"Thanks to the effort and dedication of our people across the business, we successfully exceeded our annual production guidance, delivering more than 300,000 ounces for the first time in our history," said Jason Simpson, President and Chief Executive Officer of Orla Mining.

Looking ahead, the company has issued 2026 production guidance of 340,000 to 360,000 ounces of gold at all-in sustaining costs of $1,550 to $1,750 per ounce sold. Orla Mining also announced an inaugural quarterly dividend of US$0.015 per share, reflecting growing confidence in sustained cash flow generation.

Lundin Gold  (TSX: LUG) has provided 2026 production guidance of 475,000 to 525,000 ounces of gold from its Fruta del Norte mine in Ecuador, with mill throughput increasing to 5,500 tonnes per day. Cash operating costs are projected at $900 to $960 per ounce, with all-in sustaining costs of $1,110 to $1,170 per ounce sold.

"2026 marks an important step forward for Lundin Gold as we continue to unlock the full potential of Fruta del Norte and its extensions," said Jamie Beck, President and CEO of Lundin Gold. "With increased throughput to 5,500 tonnes per day, sustained free cash flow generation, and the largest exploration program in our history, we are positioning the Company for long-term growth."

The company is launching an $85 million exploration campaign, its largest to date, with 133,000 metres of drilling planned for 2026. Lundin Gold will continue paying quarterly dividends of $0.30 per share alongside a variable dividend based on at least 50% of normalized free cash flow.

 TRX Gold  (TSX: TRX) (NYSE American: TRX) has reported record first quarter 2026 results from its Buckreef Gold Mine in Tanzania, pouring 6,597 ounces of gold and selling 6,492 ounces at an average realized price of $3,860 per ounce. The quarter generated revenue of $25.1 million, gross profit of $14.2 million representing a 57% margin, and EBITDA of $13.2 million at a 53% margin.

"In Q1, we once again delivered record results, in line with guidance shared last quarter, pouring a record 6,597 ounces of gold and selling 6,492 ounces of gold at an average realized price of $3,860 per ounce, generating revenue of $25.1 million," said Stephen Mullowney, CEO of TRX Gold.

The company is advancing a processing plant expansion from 2,000 tonnes per day to over 3,000 tonnes per day, which is expected to boost annual production beyond 62,000 ounces based on a recent PEA. The ROM stockpile grew from 15,162 ounces of contained gold in August 2025 to 22,891 ounces post-Q1 2026.

 Aya Gold & Silver  (TSX: AYA) has provided its 2026 outlook and strategic priorities, targeting production of 6.2 to 6.8 million silver-equivalent ounces across its operations in Morocco. The Zgounder mine is expected to produce 5.2 to 5.8 million ounces of silver at an average cash cost of $21.50 per ounce. Planned capital expenditures total $36 million with an additional $60 million allocated to exploration.

"2025 was a pivotal year for Aya, marked by the successful completion of key milestones across production, development, and exploration, positioning the company to deliver record financial results," said Benoit La Salle, President & CEO of Aya Gold & Silver.

The company is executing a 230,000-metre drilling program in 2026, including 200,000 metres at the Boumadine project for resource conversion. Aya Gold & Silver enters the year with a robust balance sheet and a supportive market environment for precious metals, focusing on disciplined execution to deliver strong margins and advance long-term value creation.

Article Source:  https://usanewsgroup.com/goh-profile/

CONTACT: 
USA NEWS GROUP 
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(604) 265-2873 

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SOURCES:

1. https://www.financemagnates.com/trending/why-gold-is-surging-and-why-analyst-predicts-7300-price-in-2026/
2. https://press.spglobal.com/2026-01-08-Substantial-Shortfall-in-Copper-Supply-Widens-as-the-Race-for-AI-and-Growing-Defense-Spending-Add-to-Accelerating-Demand,-New-S-P-Global-Study-Finds
3. https://www.ubp.com/en/news-insights/newsroom/gold-s-bull-market-is-set-to-continue-into-2026-investment-outlook-2026
4. https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2025

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FAQ

What were TRX Gold (TRX) Q1 2026 production and sales figures?

TRX Gold poured 6,597 ounces and sold 6,492 ounces in Q1 2026. According to TRX Gold, sales achieved an average realized price of $3,860/oz, producing $25.1M in revenue and strong margins for the quarter.

How much revenue and EBITDA did TRX Gold (TRX) report for Q1 2026?

TRX Gold reported $25.1M revenue and $13.2M EBITDA in Q1 2026. According to TRX Gold, that equates to a 57% gross margin and a 53% EBITDA margin on quarterly operations.

What production uplift does TRX Gold expect from the Buckreef plant expansion (TRX)?

TRX Gold is expanding the plant from 2,000 t/d to over 3,000 t/d, expected to push annual production beyond 62,000 ounces. According to TRX Gold, the PEA underpins the projected increase in output after expansion.

How large is TRX Gold's ROM stockpile after Q1 2026 and why does it matter?

The ROM stockpile rose to 22,891 ounces post-Q1 2026 from 15,162 ounces in Aug 2025. According to TRX Gold, the larger inventory supports near-term sales and helps smooth production during expansion work.

Does the press disclosure affect TRX Gold (TRX) investor credibility or risk?

The release discloses paid advertising and compensation that may present a conflict of interest. According to the announcement, this disclosure advises investors to verify information independently before making investment decisions.