In a time where the world seems to get increasingly used to the Russia and Israel conflicts, China antics on trade and Taiwan, and a Federal Reserve preparing for rate cuts beginning in June, the gold price has broken out pretty violently, and printed a new high over US$2,400/oz, and maintains these lofty levels so far.

As the Israel-Hamas conflict quickly escalating with Iran’s involvement at the moment, and Russia chipping away diligently at Ukraine’s defences due to outnumbering men and weapons, precious metals are doing very well at the moment. Silver North Resources (SNAG.V), focused on silver, profits from this as the share price doubled from the recent bottom levels, and managed to raise another C$650k to pay the bills and prepare for drill programs at their fully owned flagship Haldane silver project.

The Prospectors & Developers Association of Canada (PDAC) was well attended this year, with 26,926 attendees coming to Toronto from all over the world, for the best business, investment and networking opportunities in the mineral exploration and mining industry. This was a significant improvement over last year, when 23,819 participants visited the largest mining conference on the planet.

As the stockmarkets in the US are printing all-time highs again, not really urging the Federal Reserve to lower rates anytime soon it seems as inflation remains well above target, Kenorland Minerals (KLD.V)(3WQO.FSE) announced the final drill results for Regnault, part of their flagship Frotet Project in Quebec.

With the Federal Reserve indicating doubts about retreating inflation levels, postponing a potential first rate cut to at least May, the US stock markets hesitated just a moment, the S&P500 printing new all-time highs shortly after, and with gold remaining well over US$2,000/oz, Goldshore Resources (TSXV:GSHR)(OTCQB:GSHRF)(FWB:8X00) stayed the course as promised, and announced their updated resource estimate for their Moss Gold Project in Ontario.

With the Federal Reserve indicating doubts about retreating inflation levels, postponing a potential first rate cut to at least May, the US stock markets drifted lower initially, but found strength again soon that same day, and gold didn’t even faze and marched up to US$2083/oz anyway, the highest level of this year.

Since I am again a proud Media Partner of the upcoming Prospectors & Developers Association of Canada (PDAC), I am happy to send you information about the largest, and at least in my view, best mining conference on the planet. Every aspect of the mining industry is showcased here, from miners to explorers to prospectors on one side showcasing their investment thesis to investors, to geophysical consultants, data engineers, engineering firms, service providers, etcetc all showcasing their services and products to the mining industry, complimented by lots of mining-related delegations from jurisdictions.

Ice drilling at Regnault target, Frotet project, Quebec

At a time where markets are weighing Federal Reserve comments about being hawkish towards rate cuts as inflation remains persistent, two major conflicts deepen (Russia-Ukraine) or seem to spread out (Israel-Hamas), the BRICS expand with new members, and recession fears are looming large in the background, gold remains trading above US$2,000/oz.

Platinex Inc (PTX:CSE)(9PX:FRA) had to manoeuvre carefully on their fully permitted flagship W2 copper-nickel-PGE project, a district scale land area in Northern Ontario, but finally managed to acquire the two missing pieces of the puzzle in the centre of their claim package.

With the world around us being in a flux regarding conflicts, inflation, BRICS expansions and the revival of Trump with impending US elections, planned for November of this year, Silver North Resources (SNAG.V) actually experienced more of a standstill since their name change, a 5 to 1 roll back, renewed focus on their fully owned silver projects and leaving the prospector generator model back in August of last year.