Perpetua Resources Q2 EPS $(0.78) Misses $(0.27) Estimate

First Three Holes of a 20,000-Meter Program Just Pushed a U.S. Antimony-Gold Resource Beyond Its Own Boundaries

NevGold Corp. reported encouraging early results from its 2026 drilling program at the Limousine Butte project in Nevada, with the first three holes intercepting antimony-gold mineralization more than 100 meters outside the current resource boundary. The grades reportedly run higher than the existing mineral resource estimate, with 25 of 53 planned holes still pending assays. The results support NevGold's strategy to expand a domestic antimony resource, a critical mineral for U.S. defense and industry.

Shares of precious-metals-related companies are trading higher alongside gains in gold and silver prices as Treasury yields and the U.S. dollar decline following the Treasury Department’s announcement that it would double the size of liquidity-support buyback operations for longer-dated bonds.

HC Wainwright & Co. Reiterates Buy on Perpetua Resources, Maintains $43.5 Price Target

HC Wainwright & Co. analyst Heiko F. Ihle reiterates Perpetua Resources (NASDAQ:PPTA) with a Buy and maintains $43.5 price target.

This Hedge Fund Portfolio Shrinks 17% as Billionaire Bets Big on Gold

Paulson's hedge fund reduced its equity book to $2.58B in Q2, exiting two positions and opening a stake in Alphabet.