Advertisement/Advertising - This article is distributed on behalf of Osisko Development Corp. and Fortuna Mining Corp., with whom SRC swiss resource capital AG has paid IR advisory agreements · Publisher: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: May 04, 2026, 5:00 p.m. Zurich/Berlin ·
At 1,231 tons, global total demand for gold bars and coins was two percent higher than the previous year’s figure. Due to the price increase, demand amounted to approximately 193 billion US dollars, representing a 74 percent increase in demand value. Asians were particularly eager to buy. Demand for gold-backed ETFs was slightly lower than in the same quarter of the previous year. While demand for gold jewelry fell by 23 percent in the first quarter of 2026 compared to the first quarter of 2025, spending actually rose by 31 percent, according to the World Gold Council’s latest report. Consequently, sentiment toward gold jewelry remains positive.
Central bank gold purchases saw a 3 percent increase in the first quarter compared to the same quarter of the previous year. In the technology sector, there was a 1 percent increase thanks to the growing use of artificial intelligence. Overall, investor demand for gold has risen significantly in recent years compared to the jewelry sector. On the supply side, the first three months of 2026 saw a two percent increase, driven by slightly higher growth in mine production and, above all, a rise in recycling volumes.
Gold demand is likely to continue being driven by geopolitical factors in the future and could even intensify due to further potential escalations. Therefore, strong demand from investors and central banks, ETF inflows, and demand for coins and bars can be expected. This is because inflation fears and uncertainties are shaping the landscape. In the jewelry sector, spending has declined, but it remains robust. Gold and gold mining stocks are therefore likely to remain popular.
Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/- owns, among other assets, the flagship Cariboo Gold project (Canada, 100 percent). Production at Cariboo (approximately 190,000 ounces of gold annually over ten years) is scheduled to begin in 2027. A 70,000-meter drilling program at Cariboo, which is well-funded, is underway to investigate potential resource growth. 96 percent of the planned drilling has been completed.
Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - is a successful gold and silver producer with mines in West Africa and Latin America. In the first quarter of 2026, $20 million was returned to shareholders through share buybacks. The company is advancing the Diamba Sud gold project in Senegal. Through an agreement with Qstone, Fortuna Mining can acquire an interest in the Quartzstone gold project in Guyana.
Current company information and press releases from Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -) and Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -).
Further information is also available in our new Precious Metals Report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-04/
Sources: Osisko Development, Fortuna Mining,
https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-04/
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