Good morning GoldBuzzers, and Happy Tuesday!

Thanks to everyone who shared feedback on Sunday’s edition - it’s hugely appreciated. One question that came up was whether the Tuesday and Thursday updates will be as in-depth as Sunday’s.

My take: midweek editions should be quicker to digest, since weekends give most of us more time. But I’d love to hear your thoughts.

Today also marks the launch of Company Corner - your new weekly spotlight on who’s striking gold at today’s prices and we’re kicking it off with a Canadian story you won’t want to miss.

Let’s dive in.

Silver Breaks $40 and Takes the Lead to Start September

US and Canadian markets were closed on Monday for Labor/Labour Day but Gold doesn’t rest and kept on trading, though gold futures had a scheduled early close at 2:30 PM ET.

Gold closed Monday in sight of $3,500 and within striking distance of new all-time highs, with Silver up a staggering 10% in the past month and finally eclipsing the $40 milestone.

The Fed's September rate cut is looking more certain, and that's rocket fuel for gold. Sticky inflation numbers and weakening consumer confidence are giving Powell & Co. little choice but to ease up.

Meanwhile, the dollar keeps bleeding, making our shiny metal cheaper for international buyers who are happy to take it off our hands.

Bottom line: All the classic gold catalysts are firing at once: dovish Fed, persistent inflation, dollar weakness, and safe-haven demand.

This is exactly the setup we've been waiting for. 🚀

Welcome to Company Corner, our new feature where each week we dig into one mining company that's caught our attention.

Yesterday afternoon, I sat down with a cup of tea and buried myself in Dundee Precious Metals' (DPM) fresh-off-the-press Q2 2025 quarterly report - a beast at 60 pages, but packed with pure gold that I want to share with you!

DPM is a Canadian powerhouse ($4.25B market cap), with eco-conscious digs in Bulgaria, Serbia, and Ecuador.

Despite a dip in output, soaring gold prices turned what could have been a ho-hum quarter into a glittering success story, proving once again why DPM is a favorite among many savvy investors.

Looking at their operations: Gold production slipped 10% to 61,212 ounces year-over-year, thanks mainly to lower grades at Bulgaria's Ada Tepe mine, though the Chelopech operation flexed with some solid gains. Copper took a 18% hit too, but hey, DPM's on track for its full-year target of 225,000–265,000 ounces of the yellow stuff. It's all part of the strategic sequencing, folks, setting up for a stronger back half of the year.

Financially? It’s looking very good indeed. Revenue skyrocketed 19% to a record $186.5 million, powered by average gold prices hitting $3,280 per ounce during Q2 - a whopping 40% leap! Net earnings climbed 16% to $82.4 million, while free cash flow surged 15% to $94.5 million.

And talk about shareholder love: DPM was able to dish out $40.6 million in dividends and buybacks, all while boasting a pristine, debt-free balance sheet with $796.6 million in cash reserves. No wonder they're ready to pounce on opportunities.

Yes, the real excitement is the growth moves that definitely appear "future-proof." DPM's eyeing a $1.3 billion acquisition of Adriatic Metals, snagging a shiny silver-lead-zinc-gold mine in Bosnia to supercharge their portfolio. Meanwhile, Serbia's Čoka Rakita project is barreling toward 2028 production, and Ecuador's Loma Larga just scored a key environmental nod, greenlighting fresh drilling.

In the report, CEO David Rae aptly says, "Our robust results position us for exciting expansions while delivering value to stakeholders."

Looking ahead to 2027, DPM's outlook promises steady production and smart capital deployment, all wrapped in their commitment to sustainable mining. In the GoldBuzz view, it’s worth keeping a close eye on DPM. You can take a look for yourself at dundeeprecious.com.

A quick roundup of stories you might have missed:

The Fed looks set to cut rates in September, with markets putting the odds at 89.4%. Bessent calls it a 'substantial probability' and history says that could light a fire under precious metals. Fox Business

Gold miners are on a tear and the NYSE Arca Gold Miners Index is up more than 50% this year, double gold’s 25% gain. Yet Wall Street is still using cautious price models, hinting at more upside ahead. Sprott

There’s $1M in gold hidden somewhere in Canada. The ‘Great Canadian Treasure Hunt’ has adventurers scrambling to decode clues - think geocaching meets Forrest Fenn. CTV News

China just gave its insurers the green light to put at least 1% of assets into physical gold. That shift alone could soak up 15–20% of annual mine supply! Needless to say that’s a potential game-changer for global markets. AInvest

Gold ETFs hit $43.6B in inflows in 2025, driven by geopolitical tensions and central bank purchases – institutional money is flooding into the space like we haven't seen in years. World Gold Council & AInvest

Kazakhstan's central bank will sell gold it purchases from domestic producers on international markets for dollars in a bid to shore up the national currency after it hit a record low this week. The Astana Times.

The Burkina Faso government “requested” West African Resources to acquire another 35% of its Kiaka gold project, forcing the company to navigate rising resource nationalism. Mining.com

That’s a wrap for Tuesday - I told you it’d be a little shorter! See you all on Thursday.

Before you go, please take a moment to rate today's newsletter and tell us how we did.

Rick Adams
Founder, GoldBuzz
rick@goldbuzz.com