Gold Eyes $3,500 as Miners Race to Unlock High-Grade Ounces Before Year-End
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2025
0mins
Source: PRnewswire
Gold Price and Market Trends: Gold prices are projected to rise, with forecasts suggesting a potential increase to $4,000 per ounce by year-end, driven by weak US jobs data. Gold mining companies, including RUA GOLD Inc., are expected to benefit significantly from this trend as they report strong profits and increased exploration activities.
RUA GOLD Inc. Developments: RUA GOLD has announced an expansion of its drilling campaign in New Zealand, targeting over 4,000 meters at Auld Creek to grow its gold-antimony resource. The company is also advancing other projects while maintaining a strong financial position with $14 million in treasury, aiming to transition from explorer to developer within the next year.
Analyst Views on NVA
About NVA
Nova Minerals Limited is an Australia-based gold, antimony and critical minerals exploration and development company. The Company is focused on advancing the Estelle Project, comprising 514 square kilometers (km2) of State of Alaska mining claims, which includes multiple mining complexes across a 35-kilometer-long mineralized corridor of over 20 advanced gold and antimony prospects, including two multi-million-ounce resources, and several drill ready antimony prospects. The 85%-owned project is located 150 kilometers northwest of Anchorage, Alaska, United States of America, in the prolific Tintina Gold Belt, a province which hosts a 220 million-ounce (Moz) documented gold endowment and some of the gold mines and discoveries, including Barrick's Donlin Creek Gold Project and Kinross Gold Corporation's Fort Knox Gold Mine. The Company has two primary gold deposits at Estelle: RPM High-Grade Gold in the South, and Korbel Bulk Tonnage Gold in the North.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
