Collective Mining has extended the Apollo system at its Guayabales project in Colombia by about 100 metres north after drill hole APC172-D2 cut 141.4 metres grading 4.75 g/t gold, 5 g/t silver, 0.02% copper and 0.04% zinc from ~924 metres depth, including 38 metres at 15.25 g/t gold and 8 g/t silver. The new breccia body, intersected roughly 1,000 metres below surface and about 170 metres below previous northern drilling, lies close to a planned underground access tunnel, supporting potential bulk-mining scenarios. Thirteen rigs are active at Guayabales in a programme of up to 90,000 metres this year, with Apollo’s initial resource estimate due this month.

Gold fell for a third straight session on Tuesday, with Comex December futures down as much as 2.4% to $4,374.10/oz and spot at $4,362.57/oz, as Fed hike odds for this month climbed to nearly 70% and 10-year US Treasury yields held near 4.77% alongside UK gilts at 5.22%. Silver dropped up to 3.2% to $64.83/oz, tightening the gold–silver ratio to about 67 from 70 at end-July. Despite bullion now only 0.7% higher in 2026, the NYSE Arca Gold Miners Index surged 33% in August, with Eldorado up 44% and Equinox 40%, signalling continued equity leverage to metal price swings.

ACG Metals has produced its first copper concentrate from the Gediktepe mine in Turkey, completing the site’s shift from a single-stream gold-silver-zinc operation towards copper-focused output. The company is targeting 40,000 tonnes of copper per year at steady state and expects to reach full production by the end of 2026, with the ramp-up centred on higher throughput, improved recoveries and consistent concentrate quality. Management links the move to copper to growing demand from AI, electrification and other technology-led applications.