Geomechanics.io

  • Free Tools
Sign UpLog In

Geomechanics.io

Geomechanics, Simplified.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

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

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    AllGeotechnicalMiningInfrastructureMaterialsHazardsEnvironmentalSoftwarePolicy
    Projects

    Record gold near $4,500 and silver at $70: price cycle notes for mine planners

    December 23, 2025|

    Reviewed by Tom Sullivan

    Record gold near $4,500 and silver at $70: price cycle notes for mine planners

    First reported on MINING.com

    30 Second Briefing

    Gold surged to a record just below $4,500/oz and silver traded above $70/oz for the first time, driven by safe-haven flows amid US oil tanker blockades off Venezuela and expectations of further US Federal Reserve rate cuts. Gold is up over 70% year-to-date, its strongest run since 1979, supported by central-bank buying and ETF inflows, with Goldman Sachs projecting $4,900/oz in 2026. Silver has climbed about 140% this year, amplified by October’s historic short squeeze, lingering supply dislocations between London and New York vaults, and a pending US Commerce Department critical-minerals probe.

    Technical Brief

    • Spot gold intraday move was 1.2%, setting a fresh all-time nominal price high.
    • Silver’s session gain reached 1.8%, pushing it through the $70/oz trading mark.
    • October’s gold peak hit $4,381/oz before a pullback and subsequent rapid recovery into year-end.
    • Central-bank purchases and ETF inflows are explicitly cited as the structural demand base for bullion.
    • Pepperstone strategist Ahmad Assiri links incremental safe-haven demand directly to US oil tanker seizures off Venezuela.
    • US President Trump’s trade policy shifts and Fed independence threats are identified as earlier catalysts for gold’s 2025 bull leg.
    • Silver market structure remains distorted, with “much” of available inventory concentrated in New York rather than London.
    • A US Commerce Department national-security probe into critical minerals imports is a key overhang for silver trade flows and potential tariffs.

    Our Take

    With gold up about 70% year‑to‑date and silver up roughly 140%, many marginal North American and Latin American precious‑metal projects in our database that were sub‑economic at earlier price decks are likely to move back into scoping or restart studies by 2026.

    The fact that these record prices are being framed through US macro actors such as the Federal Reserve and Commerce Department signals that dollar and rate expectations, rather than mine‑supply shocks, are currently the dominant driver for gold and silver, which can complicate long‑term price assumptions in project feasibility work.

    Across the 438 Mining stories in our coverage, only a handful involve such extreme annual moves in both gold and silver, suggesting that operators with by‑product silver credits in base‑metal or critical‑mineral projects may see unusually strong near‑term cash flow support if these levels persist into 2026.

    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

    Mining
    about 16 hours ago

    Tapojärvi at Sotkamo Silver mine: continuity and risk notes for production engineers

    Tapojärvi has restarted as main mining contractor at Sotkamo Silver’s underground silver mine in Finland, resuming a role it previously held from 2018 to 2023 under a new agreement signed in June 2025. The contract covers full-scale production mining services, including drilling, blasting, loading and haulage in a familiar orebody and infrastructure, allowing rapid ramp-up using existing site knowledge and established operating procedures. For geotechnical and production engineers, continuity in contractor, ground control methods and equipment fleet should reduce interface risk and support stable output planning.

    STRACON’s Los Bronces tailings dam contract: lifecycle model insights for engineers
    Mining
    about 23 hours ago

    STRACON’s Los Bronces tailings dam contract: lifecycle model insights for engineers

    STRACON has secured an integrated engineering, construction, financing and long-term operations and maintenance contract for the Pérez Caldera Tailings Dam at Anglo American Sur’s Los Bronces copper operation in Chile’s Lo Barnechea district. The scope combines dam design and build with funding and multi-year O&M, signalling a bundled delivery model for critical tailings infrastructure rather than separate EPC and operator contracts. For geotechnical and tailings engineers, this points to growing demand for contractors capable of lifecycle stewardship under Chile’s stringent post-Brumadinho regulatory environment.

    Metso’s third orders for Almalyk copper smelter: design and ramp-up notes for engineers
    Mining
    2 days ago

    Metso’s third orders for Almalyk copper smelter: design and ramp-up notes for engineers

    Metso has booked the third tranche of orders for JSC Almalyk Mining and Metallurgical Complex’s copper smelter project in Uzbekistan, following equipment and project services contracts announced on 9 August 2024. The first two tranches, totalling €146 million, were booked in Q4 2024, with the latest booking covering additional core process equipment and associated services for the greenfield smelter complex. The staged order intake signals a multi-phase build-out where process design, commissioning support and long-lead items will be critical for throughput, energy performance and sulphur capture compliance.

    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.