📌 Maritime Resources pours first gold at Hammerdown in Newfoundland, targets 50,000 oz per year
Canada’s Maritime Resources (TSXV: MAE) has produced first gold at its Hammerdown project in northwestern Newfoundland. This is the first gold production from the area since 2004. The gold was poured from ore stockpiled at Hammerdown and processed at the nearby Pine Cove mill.
The company plans to start commercial production early next year and is targeting annual output of about 50,000 ounces. This milestone comes after New Found Gold announced a roughly C$292 million deal to acquire Maritime Resources.
📌 U.S. debt worries come into focus as gold holds around $4,200 per ounce
The U.S. government shutdown is over, but investors are now focused on America’s growing debt burden. Concerns over record-level debt are drawing renewed interest to gold as a safe-haven asset. Spot gold is currently trading at around $4,200 per ounce. Analysts say that as long as debt risks remain elevated, upward pressure on gold prices could continue.
📌 Gold and silver see short-term correction after sharp rally
Gold and silver prices have entered a pullback phase after a strong recent rally. Short-term futures traders are taking routine profits, leading to some downward pressure. Silver futures had just hit an all-time high the previous night before retreating. Many analysts view this move as a “healthy correction” within a broader uptrend.
📌 Silver forms double top near $54 as volatility stays extreme
Silver prices are facing heavy resistance above $54 per ounce. A double-top pattern has formed around a major technical resistance zone, triggering selling pressure. As a result, the silver market has turned into a roller-coaster, with sharp swings up and down. Analysts recommend a cautious trading approach in this high-volatility environment.
📌 Sitka Gold confirms new high-grade gold zone at RC project in Yukon
Sitka Gold (TSXV: SIG) has identified a new high-grade gold zone at its RC project in Yukon, Canada. One drill hole intersected 119 meters grading 1.01 g/t gold starting at a depth of 15 meters. Within that interval, a 10.7-meter section from 24 meters downhole returned 4.1 g/t gold.
So far, drilling has outlined a mineralized footprint of roughly 900 m × 650 m.
The company is still waiting on additional assay results. Management says the data support the potential for a large, high-grade gold system.
📈 Gold Analysis
![[Today’s Gold News] Silver’s 5th Straight Supply Deficit](https://goldkimp.com/wp-content/uploads/2025/11/제목을-입력해주세요.-17.jpg)
![[Today’s Gold News] Gold Catching Its Breath Above $4,000](https://goldkimp.com/wp-content/uploads/2025/11/제목을-입력해주세요.-14-1.jpg)
