Geomechanics.io

  • Free Tools
Sign UpLog In
Built byBoxcut Studio

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects

    Gold price tests $4,000 floor: project economics lens for mine planners

    July 29, 2026|

    Reviewed by Tom Sullivan

    Gold price tests $4,000 floor: project economics lens for mine planners

    First reported on MINING.com

    30 Second Briefing

    Gold slid to within $20 of the $4,000/oz mark on Tuesday, with Comex August futures at $4,021.20/oz and spot at $4,015.17/oz, as traders weighed a Federal Reserve decision with a roughly one‑in‑three chance of a 25 bp hike and a fading Iran war premium. Silver fell 2.7% on Comex to $57.14/oz, close to its 2026 low of $55.50, while gold‑focused equities extended heavy year‑to‑date losses, with Equinox Gold down 35%, Gold Fields and Alamos each 26%. Newmont, banking on a 5‑million‑ounce lift from Lihir, is still 8% lower in 2026, as the top 50 miners collectively erased $228 billion in Q2 market value.

    Technical Brief

    • Comex August gold futures traded intraday down to $4,011.10/oz before partial recovery.
    • Interest-rate swaps assign roughly a one‑in‑three probability to a 25 bp Fed hike.
    • West Texas Intermediate slid below $78/bbl, more than 7% down over the past week.
    • Bullion-backed ETFs recorded five consecutive days of net inflows, the longest streak since May.
    • Bullion has fallen nearly 25% since the US–Iran conflict began five months ago.
    • Newmont, Agnico, Barrick, Wheaton and Kinross dropped 1.7–2.6% in New York trading on Tuesday.
    • Silver‑levered equities Hecla, Buenaventura, Equinox and Coeur declined 3.7–4.7% on the day.
    • CME’s new 24/7 one‑ounce gold futures saw nearly 15,000 contracts, about $60 million notional, traded opening weekend.

    Our Take

    The pressure on gold and silver prices here echoes the 3% intraday drop to about $5,015/oz in the 9 March 2026 piece in our database, underscoring that rate expectations and dollar strength have repeatedly overridden safe-haven flows for bullion in 2026.

    Newmont’s reliance on a 5-million-ounce uplift from Lihir, highlighted both in this article and the 24 July 2026 project update, means prolonged weakness in the gold price could push the company to prioritise high-margin ounces from Lihir over marginal assets elsewhere in its portfolio.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    McEwen’s $55M Ontario asset sale: production growth lens for mine planners
    Mining
    1 day ago

    McEwen’s $55M Ontario asset sale: production growth lens for mine planners

    McEwen has agreed to sell its Fuller and Paymaster gold properties in Ontario’s Timmins district to Discovery Mining for $55 million in cash and stock, freeing capital to push a production target of 250,000–300,000 gold-equivalent ounces per year by 2030. The deal covers 210 hectares at Fuller, a 60% stake in the 179-hectare Paymaster property, and associated surface rights, consolidating Paymaster under Discovery’s Dome Mine subsidiary. Proceeds will be reinvested into the Fox Complex (Froome, Stock, Grey Fox), Nevada’s Gold Bar Complex, and Mexico’s El Gallo build, with Stock Mine slated for first ore in Q4 2026 and commercial output in Q1 2027.

    Lithium Triangle extraction hurdles: hydrogeological insights for project teams
    Mining
    1 day ago

    Lithium Triangle extraction hurdles: hydrogeological insights for project teams

    South America’s Lithium Triangle holds about 64 million tonnes of identified lithium resources (43% of the global 150 million tonnes), yet geologist José Cabello’s review of 43 salt flats across Argentina, Bolivia and Chile shows that variable brine chemistry, impurities and groundwater behaviour make recovery and costs highly site-specific. Salar de Atacama benefits from ultra‑dry climate, relatively clean brines and strong logistics, while other basins such as Altoandinos, Pedernales, Hombre Muerto Oeste, Rincón, Sal de los Ángeles and Sal de Vida face tighter water and hydrogeological constraints. Direct lithium extraction (DLE) could unlock lower‑grade or impurity‑rich brines, but Cabello stresses that trade‑offs between brine withdrawal and freshwater consumption mean technology selection must be tailored to each basin’s hydrology and ecosystem.

    KGHM’s $2.4bn copper projects fast-tracked: CRMA implications for mine planners
    Mining
    1 day ago

    KGHM’s $2.4bn copper projects fast-tracked: CRMA implications for mine planners

    EU regulators have granted strategic status under the Critical Raw Materials Act to KGHM’s 9.5‑billion‑zloty ($2.44bn) Retków‑Grodziszcze mine and Legnica smelter conversion, unlocking faster permitting, streamlined administration and access to preferential financing. Retków‑Grodziszcze is planned to deliver over 100 million tonnes of ore by 2055, yielding about 1.5 million tonnes of copper and 5,000 tonnes of silver, while Legnica’s recycling line targets 135,000 tonnes of electrolytic copper and 250 tonnes of nickel per year. The move materially boosts EU copper and nickel recycling capacity, central to the CRMA’s 25% recycling target.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental