Third-party recommendation (Art. 8 DelVO 2016/958): Unmodified reproduction of a promotional article created by a third party · Original author: SRC swiss resource capital AG · First publication (original): September 29, 2026, 12:10 p.m. Berlin/Zurich · Link to the original publication ·
Advertisement - This article is distributed on behalf of Osisko Gold Group Inc. and Fury Gold Mines Ltd., with which SRC swiss resource capital AG has paid IR consulting agreements. · Publisher: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: September 29, 2026, 12:10 a.m. Zurich/Berlin ·
Dear Readers,
Goldman Sachs Research forecasts a gold price of $4,900 per ounce by the end of 2026. Goldman’s model estimated central bank purchases in July at 44 metric tons; on a seasonally adjusted basis, the three-month trend stood at 91 metric tons per month. According to the World Gold Council, $18 billion flowed into gold ETFs in August, causing their holdings to rise by 121 metric tons to a record 4,189 metric tons.
Although the technology sector is a minor consumer of gold, it accounted for 323 metric tons of gold in 2025—nearly unchanged from the previous year. AI-related applications are supporting demand, but so far without significant growth in the sector as a whole. According to a WGC estimate by , mine production reached a record 3,672 metric tons in 2025. Investor and central bank purchases are supporting demand.
Osisko Gold Group (formerly Osisko Development) - https://www.commodity-tv.com/ondemand/companies/profil/osisko-gold-group-inc/ - is developing the Cariboo project in British Columbia, which it owns 100 percent. According to the company, the key permits have been obtained; approvals for the power line and other routine clearances are still pending. Initial construction work is underway. The company plans its first gold pour for Q1 2029 and the start of commercial production for H2 2029. Preliminary internal model comparisons for two Lowhee sub-areas indicate more ounces of gold but do not constitute an updated resource estimate. The goal is to establish a mid-sized gold producer.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - holds a portfolio of more than 157,000 hectares in Québec comprising gold and critical minerals projects. According to the company, it has secured funding for its 2026 exploration programs. At Eau Claire, Fury reported 14.41 g/t gold over 3.92 m from an infill drill hole; the results are expected to support the pre-feasibility study. The 11.3 million Dolly Varden shares previously held were exchanged for shares of Contango Silver & Gold as a result of the merger.
Current company information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/de/unternehmen/fury-gold-mines-ltd/ -) and Osisko Gold Group (- https://www.resource-capital.ch/de/unternehmen/osisko-gold-group-inc/ -).
You can also find more information in our new Precious Metals Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2026-03/.
Best of luck and warm regards from Switzerland
Marc Ollinger
Swiss Resource Capital AG
Note: The following market assessments are expressions of opinion. Statements regarding third parties are based—where indicated—on publicly available sources; where no source is cited, these are subjective assessments, not verified factual claims.
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Sources: Fury Gold Mines, Osisko Gold Group, Intro-Image: Osisko Gold Group,
https://furygoldmines.com/fury-reports-infill-drill-results-returns-high-grade-at-eau-claire-including-14-41-g-t-over-3-92-metres; https://www.kitco.com/news/article/2026-09-23/gold-price-will-hit-4900oz-2026-strong-sovereign-demand-china-buys-75-more; https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2025; https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2026/09; https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2026-03/.
Date of Publication, Source Verification, and Technical Specifications
Date of publication: September 28, 2026. Market data from the World Gold Council and company data are attributed to their respective sources. SRC has not independently verified the geological, technical, metallurgical, economic, and legal project data and has not prepared any resource estimates or project evaluations. The company press releases name Scott Smith, P.Geo. (Osisko), and Valérie Doyon, P.Geo. (Fury), as Qualified Persons who have reviewed and approved the respective technical data. These reviews do not constitute a review or approval of this SRC article.
Compensation and Conflicts of Interest
The paid IR consulting agreements with both of the aforementioned companies have been disclosed; the amount of compensation is not specified here. The author declares that, as of the editorial deadline, she holds no positions in the issuers discussed. SRC has no net positions of its own in the companies discussed. According to SRC, neither of the two issuers holds at least 5 percent of SRC.
Information and Risks
This article is for general informational purposes only. It does not constitute individual investment, legal, or tax advice, nor is it an offer to buy or sell financial instruments; personal investment objectives and financial circumstances are not taken into account. Shares of exploration and mining companies are speculative; a total loss is possible. Drilling results do not, in and of themselves, prove the existence of economically recoverable reserves or the economic viability of mining operations. Project timelines, costs, permits, and financing are based on assumptions and are subject to significant change; in particular, some of the financing sources mentioned by Osisko are still subject to conditions. Commodity prices, exchange rates, geology, metallurgy, environmental regulations, and construction execution may alter results or delay or prevent projects.
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