Geomechanics.io

  • Free Tools
Sign UpLog In

    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’s worst quarter in 13 years: planning implications for mine projects

    July 1, 2026|

    Reviewed by Joe Ashwell

    Gold price’s worst quarter in 13 years: planning implications for mine projects

    First reported on MINING.com

    30 Second Briefing

    Gold is heading for its worst quarter since 2013, with spot prices just above $4,000/oz after a 15% three‑month fall and 25% drop from late February highs, wiping out all 2026 gains from January’s near‑$5,600/oz record. The US‑Iran conflict escalating into a regional war has driven energy prices and inflation expectations higher, pushing markets to price in prolonged US Federal Reserve hawkishness and possible rate hikes from September or December. Analysts at Marex and Saxo Bank see $4,100/oz as the key near‑term resistance level for any technical recovery.

    Technical Brief

    • Spot bullion briefly breached the $4,000/oz support level, its first break since early November.
    • Current quarter is the first negative one since 2024 and worst since Q2 2013.
    • January’s rally to nearly $5,600/oz was followed by the sharpest selloff since the 1980s.
    • Prices have fallen 25% from late‑February levels, coinciding with escalation of the US‑Iran conflict.
    • War‑driven energy price spikes have shifted rate expectations towards additional global monetary tightening.
    • Market consensus now includes potential US Federal Reserve hikes as early as September or by December.
    • Marex’s Edward Meir cites lack of “light at the end of the tunnel” as sustaining downside sentiment.
    • Saxo Bank’s Ole Hansen sets $4,100/oz as the technical trigger to confirm a short‑term price floor.

    Our Take

    In our database of 1200 Mining stories, only a handful of gold-price pieces show quarterly drops on the order of the current 15% move, signalling that project financiers for US assets like Pilot Mountain in Nevada will likely tighten hurdle rates or demand stronger by-product credits.

    The same period has seen copper highlighted as the LME’s best-performing industrial metal in the 2025 recap article (record $13,020/t), so multi-commodity developers with copper, zinc, or tungsten exposure alongside gold are better positioned to keep project economics viable under weaker bullion pricing.

    South32’s $5.6 billion sale of most of its aluminium business to Alcoa, alongside the steep gold pullback, underlines a rotation in capital within our coverage from pure precious exposure towards scale positions in base metals and energy-linked commodities, which could affect how US and Middle East projects are prioritised in portfolios.

    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

    Veyex nylon rollers at Gudai-Darri: reliability and load lessons for mine engineers
    Mining
    about 13 hours ago

    Veyex nylon rollers at Gudai-Darri: reliability and load lessons for mine engineers

    Veyex has trialled heavy-duty nylon conveyor rollers at Rio Tinto’s Gudai-Darri iron ore mine in Western Australia, where previous high-density polyethylene (HDPE) rollers were failing prematurely under high-tension loads. The case study covered two specific conveyor applications, with the nylon rollers subjected to extreme belt tensions and impact loading typical of large-scale iron ore handling. Results showed markedly improved roller durability and reduced maintenance interventions, signalling potential lifecycle and reliability gains for high-load overland and plant conveyors in similar hard rock operations.

    Suncor Cat AHS at Mildred Lake and Komatsu Mud Mode: integration notes for mine planners
    Mining
    1 day ago

    Suncor Cat AHS at Mildred Lake and Komatsu Mud Mode: integration notes for mine planners

    Suncor has commissioned its first Autonomous Operating Zone at Syncrude’s Mildred Lake oil sands mine, extending its autonomous haulage system deployment beyond the existing fleet of about 140 autonomous trucks already running at other Suncor sites. The new zone uses Cat AHS fleets under Suncor control (since late 2021) and is complemented by Komatsu AHS trucks at Base Plant operating with a dedicated “Mud Mode” to maintain traction and control in soft ground. For mine planners, this signals wider-scale AHS integration across multiple pits and variable ground conditions.

    Central Nevada Gold’s Mule Canyon acquisition: project and risk lens for engineers
    Mining
    3 days ago

    Central Nevada Gold’s Mule Canyon acquisition: project and risk lens for engineers

    Central Nevada Gold has completed a US$20 million acquisition of Newmont’s past‑producing Mule Canyon mine in Nevada, targeting a prefeasibility study and key permits in H2 2027 ahead of a potential 2028 construction decision. Mule Canyon previously produced about 500,000 oz gold at an average head grade of 3.8 g/t with ~94% metallurgical recovery, and comes with a database of 2,149 drill holes totalling over 335,000 metres across six mineralised zones over 2.5 km. The company plans an IPO as early as 2027 after a 20‑hole metallurgical and infill drilling programme to upgrade inferred resources and de‑risk the project.

    Related Industries & Products

    Mining

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

    Tunnelling

    Specialised solutions for tunnelling projects including grout mix design, hydrogeological analysis, and quality control.

    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