Thesis Gold & Silver Inc. completed a private placement raising C$44M, with AngloGold Ashanti acquiring 13.9M shares (5% stake) for C$38.7M and Centerra Gold exercising participation rights to acquire 2.1M shares (9.9% ownership) for C$5.7M at C$2.79 per share. The funds will support working capital and technical studies for the Lawyers-Ranch gold-silver project in British Columbia.

Thesis Gold Inc. announced a strategic investment from AngloGold Ashanti, which will acquire 5% of the company's shares for C$38.7 million at $2.79 per share. Centerra Gold will also participate, acquiring an additional 2.06 million shares to maintain its 9.9% ownership stake for C$5.7 million. The combined funding of approximately C$44.4 million will support working capital and technical studies for the Lawyers-Ranch gold-silver project in British Columbia.

Gold and silver prices collapsed on Friday, with silver down 27% and gold down 9.5% — their worst single-day declines since 1980. The selloff was triggered by President Trump's nomination of Kevin Warsh as Federal Reserve chair, perceived as a hawk who prioritizes inflation control over monetary stimulus. This unwound the 'debasement trade' that had driven precious metals higher in January, causing mining stocks to suffer double-digit losses.

Seven stocks in the Russell 1000 ETF have surged over 200% since Trump's return to office on January 20, 2025, driven by themes including space infrastructure, defense spending, AI supply constraints, and precious metals. Top performers include AST SpaceMobile (450%), Rocket Lab (290%), Anglo Ashanti (280%), and Lumentum (277%), reflecting investor appetite for national security, AI infrastructure, and critical minerals.

While Alphabet (Google) led the Magnificent Seven with a 66% year-to-date gain, eight country-focused ETFs delivered even stronger returns, driven by commodity booms in emerging markets and a banking sector revival in Southern Europe. South Korea's iShares MSCI South Korea ETF topped the list with an 87% gain, fueled by AI-driven chipmaker demand, while South Africa, Peru, and Colombia benefited from surging precious metals prices.

Fredonia Mining Inc. plans to amend the exercise prices of three series of outstanding warrants and implement an early warrant exercise incentive program to encourage warrant exercise and support corporate development activities.

Aura Minerals has completed the acquisition of the Mineração Serra Grande gold mine in Goiás, Brazil from AngloGold Ashanti for $72.8 million upfront, with additional deferred payments based on net smelter returns.

Several large-cap stocks showed significant gains last week, with companies like On Holding, Albemarle, and Tower Semiconductor reporting strong earnings and receiving positive analyst attention.

AngloGold Ashanti reported strong Q3 2025 financial results, with a 136% year-over-year EPS increase and a quarterly record free cash flow of $920 million. Scotiabank raised its price target, signaling positive market sentiment.

AngloGold Ashanti reported strong Q3 2025 results with 17% gold production increase, revenue of $2.37 billion, and adjusted EPS of $1.32. Gold prices rose 40% year-over-year, driving a 94% increase in cash from operations.

Augusta Gold has been acquired by AngloGold Ashanti for C$1.70 per share in a merger completed on October 23, 2025. The acquisition was approved by Augusta Gold stockholders on October 20, 2025, and Augusta Gold will now become a wholly-owned subsidiary of AngloGold Ashanti.

Augusta Gold stockholders voted to approve a merger with AngloGold Ashanti, with approximately 69.44% of outstanding shares supporting the transaction. The merger is expected to close around October 23, 2025, after which Augusta Gold will be delisted from the Toronto Stock Exchange.