Gold is still pushing aggressively higher. Last trading at $3,411, Goldman Sachs also believes gold could rally to $3,700 by the end of 2025, and to $4,000 by the middle of 2026. Even UBS analysts say gold could rally to $3,500 by December. That’s all great news for companies such as U.S. Gold Corp. (NASDAQ: USAU), Freeport-McMoRan (NYSE: FCX), Centerra Gold (NYSE: CGAU) (TSX: GG), Barrick Gold (NYSE: B) (TSX: ABX) and Newmont Corp. (NYSE: NEM) (TSX: NGT). All thanks to stronger-than-expected central bank demand for gold, which isn’t expected to slow any time soon, geopolitical risks, trade tensions, and economic uncertainty.
In addition, according to Investing.com, “China on Monday rejected Trump’s accusations that it had violated a recently signed trade deal, and warned that it will act to protect its national interests. This came as Trump over the weekend accused China of violating a recent trade deal signed in Geneva, Switzerland, although his administration did not specify what was violated. Trump’s administration had last week admitted that trade talks with China had stalled after the Geneva deal. This came as China kept up its criticism of U.S. controls on its chip industry, which it claimed undermined the Geneva agreement.”
Until global tension cools, gold could easily rally to $4,000 – perhaps sooner than what Goldman Sachs is predicting for 2026.
U.S. Gold Corp. (NASDAQ: USAU) set to join Russell 3000 and Russell 2000 Indexes
U.S. Gold Corp. just announced that it met the criteria for inclusion in the broad-market Russell 3000 Index and the small-cap Russell 2000 Index at the conclusion of the Russell indexes annual reconstitution, effective after the U.S. market opens on June 30, 2025, according to a preliminary list of additions posted Friday, May 23, 2025.
The reconstituted indexes are expected to take effect after U.S. market close on June 27, 2025, as part of the 2025 Russell Indexes reconstitution. Inclusion in the Russell 2000, which is maintained for one year, is based on inclusion in the broader Russell 3000. The Company’s stock will also be automatically added to the appropriate growth and value indexes.
The Russell 3000 includes the largest 3,000 U.S. public companies by market capitalization. The Russell 2000 is a subset of the Russell 3000 that is limited to small-cap companies. The indexes are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025, this year. Index membership results in automatic inclusion in the relevant growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
“We believe our preliminary inclusion in the Russell 3000 represents a significant validation of the momentum we’re building at U.S. Gold,” said Luke Norman, Chairman of U.S. Gold. “We’re proud of our team’s on-going commitment to developing the CK Gold Project in Cheyenne, WY and continuing to deliver value to our shareholders.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell U.S. indexes, which belong to FTSE Russell, a prominent global index provider.
Other related developments from around the markets include:
Freeport-McMoRan reported first-quarter 2025 net income attributable to common stock of $352 million, $0.24 per share, and adjusted net income attributable to common stock of $358 million, $0.24 per share. Kathleen Quirk, President and Chief Executive Officer, said, “Our team remains focused on providing metals essential for the economy and everyday life. Our work to produce our products and grow safely, efficiently and responsibly has never been more important. We remain vigilant in our efforts to reduce costs, improve efficiencies and carefully manage operating, administrative and capital spending in this uncertain macroeconomic environment. Freeport is well positioned for the future with large-scale production of copper, gold and molybdenum, a highly qualified and experienced team with a proven track record, a portfolio of attractive organic growth opportunities and a strong balance sheet and financial position.”
Centerra Gold reported its first quarter 2025 operating and financial results. President and CEO, Paul Tomory, commented, “In the first quarter, we generated positive free cash flow at both operations. Our 2025 production guidance is unchanged, and we expect strong production in the second half of 2025 driven by increasing grades. The restart of Thompson Creek is advancing, with approximately 14% of the total capital investment complete. We maintained a strong cash position of $608 million, ensuring financial flexibility to advance ongoing and prospective project activities. With a focus on returning capital to shareholders, we increased our share repurchases to $14.9 million in the first quarter, and the Board of Directors has approved the repurchase of up to $75 million of Centerra’s common shares in 2025.”
Barrick Gold is now trading under the single-letter ticker symbol ‘B’ on the New York Stock Exchange, reinforcing the Company’s position as a global gold and copper mining leader. “Barrick’s vision is to be the world’s most valued gold and copper exploration, development and mining company. Along with our world-class portfolio of six Tier One gold mines, we are building a substantial copper business which will be a meaningful contributor to organically growing our production volumes in the coming years and beyond,” says Bristow. “Our new stock symbol ‘B’ better reflects Barrick’s current business and our mission to achieve sustainable and profitable gold and copper growth. Together, gold and copper give Barrick the stability of a precious metal and the growth potential of a strategic one — anchoring our portfolio in resilience and aligning us with rising global electrification and infrastructure demand. Gold is core to our business and we continue to explore for and develop new gold mines, including the expansion of Pueblo Viejo, the exciting Fourmile gold project in Nevada and the Reko Diq project, with its world-class mix of both copper and gold.”
Newmont Corp. announced first quarter 2025 results and declared a dividend of $0.251 per share. “Following on from a robust fourth quarter performance, Newmont has delivered 1.5 million attributable gold ounces and generated a record first quarter free cash flow of $1.2 billion, demonstrating the strength of our unrivaled Tier 1 Portfolio,” said Tom Palmer, Newmont’s President and Chief Executive Officer. “We also successfully completed our non-core divestiture program, generating up to $4.3 billion in total gross proceeds including over $2.5 billion of after-tax cash proceeds in the first half of 2025. With these significant achievements and a solid start to the year, we remain firmly on track to meet our 2025 guidance, continuing on our journey towards creating the world’s leading gold and copper portfolio for the benefit of our shareholders.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for U.S. Gold Corp. by U.S. Gold Corp. We own ZERO shares of U.S. Gold Corp. Please click here for disclaimer.
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