Morning Briefing: Treasury Yields Surge, Collective Mining Hits a New Tungsten-Gold Zone

SPEAKER_1 (0:02)

Good morning, and welcome back to the Mining Stock Daily Morning Briefing, presented by the Clear Commodity Network, and delivering today's top news in mining and mineral exploration. From the new ClearCom studios, here's your host, Trevor Hall.

Michael McCrae (0:17)

Good morning, and welcome back to Mining Stock Daily Morning Briefing. I'm Michael McCrae filling in for Trevor Hall. It's Thursday, September 24 It's a red day for markets after Treasury yield spiked and macroeconomic data is pushing the Fed to remain hawkish. As of 9am Eastern Time, the Dow, S&P and Nasdaq futures are all in the red. Yesterday, stronger than expected S&P Global Flash PMI data showed resilient economic growth and surging input costs, which drove US Treasury yields to multi-year highs. The 10-year US Treasury yield climbed to 5.11%.

The rise in Treasury yields has come at the expense of gold, which has dropped below its near-term support level of $4,300 an ounce after recovering. Crude Oil futures at $93.70 at 1.67%, while Copper is at $6.75. Bitcoin is having a good September. The asset is up 10% for the month and is currently trading at $84.120.

We will get to the news from the miners and explorers in just a moment but first a word from about today's sponsor. Today's episode of Mining Stock Daily is brought to you by Revival Gold.

Revival Gold is one of the largest pure gold mine developer operating in the United States. The company is advancing in its Mercur Gold Project in Utah and mine permitting preparations on the ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is a site on the TSX Venture Exchange under the ticker RVG and trades in the OTCQX market under the ticker symbol RVLGF. Learn more about the company at revivalgold.com.

Here's what you need to know today. Collective Mining's APC150-D4 hit a new style of tungsten gold mineralization at its skist outside of the Apollo Brescia body, returning 8.15 meters at 14.82 grams per tonne gold equivalent from 927 meters below surface, about 680 meters beneath the shallow tungsten zone in the block model and in a unit that remains RGN tested. The four-hole release also reports 13 new high-grade veins, seven of them outside the block model, though most are narrow at roughly one meter. Headlined by 1.15 meters at 57.98 grams per tonne gold equivalent in an APC-171D, while the ramp zone mineralization was extended only about 35 meters westward after two holes stopped short in difficult ground.

OceanaGold reported 60 new holes at its project, led by 6.3 meters at 97.2 grams per tonne gold and 8.5 meters at 41.5 grams per tonne gold at an estimated true width, extending a southern high-grade zone that still sits outside reported reserves. At its Wahihi North of project, decline development has expanded, rather has advanced, about 350 meters since May. The water treatment plant began stage commissioning in September, and early tailings works are slated for the fourth quarter through the Twin Tunnel towards the ore body awaits a second jumbo in the first half of 2027 Nine Miles Metal Hole WD-26-14 at the past producing Wedge Mine in Bathurst camp cut 14.15 meters of true width, grading 5.09% copper equivalent, including 6 meters at 7.45 copper equivalent with grade strengthening towards the bottom of the intercept. Copper self-averages 2.10% across the interval and remains the largest value contributor at the company's prices, but zinc at 4.85%, gold at 0.84 grams per ton, and silver at 42.31 grams per ton supply more than half the equivalent grade. Blossom Gold's third batch of 2026 results of the Rosebud in Nevada was led by 44.8 meters at 1.22 grams per ton gold at South Zone and 106.8 meters at 0.42 grams per ton gold in the East Zone, while near surface RC drilling returned 60.1 meters at 0.33 grams per ton gold from the surface and oxidized material. Blossom Gold is building towards an updated mineral resource estimate in the first quarter of 2027 using the surface drilling and underground infill program starting in the fourth quarter to expand and upgrade the 1.28 million ounce inferred resource. Mining Stock Daily Morning Briefing is produced by the Clear Commodity Network. It is distributed throughout the world through your podcast network of choice and a clear commodity network. That's it today, everyone. Have a great day. Stay safe.

SPEAKER_3 (5:25)

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