Agnico Eagle Mines is investing C$57.2 million in Radisson Mining Resources for a 10.5%–14.9% stake to advance underground access and infrastructure at the historic O’Brien gold mine in Quebec’s Bousquet-Cadillac camp along the Larder Lake-Cadillac Break. Funding will support an access ramp, underground workings, surface facilities and water management, complementing Radisson’s fully funded 140,000-metre surface drilling and a planned 11-year underground operation with toll milling at IAMGOLD’s Doyon plant. A July 2025 PEA at US$3,300/oz gold pegs O’Brien’s after-tax NPV5 at C$871 million with a 74% IRR, underpinned by recent intercepts such as 5.1 m at 316.31 g/t from 823 m.

Otavio (Tavi) Costa, founder and CEO of Azuria Capital, argues that mining equities are currently the cheapest way to gain AI exposure, as sovereign funds and governments re-rate the sector and mid-tier producers move to secure “strategic reserves” by acquiring high-quality junior assets. He links this to a macro backdrop where global debt has returned to World War II levels but only about 3% of the US Treasury market is now backed by gold, versus roughly 50% then. With spot gold at $4,673.20/oz, Costa expects reserve depletion, weak discoveries and a “global monetary race towards gold” to drive prices substantially higher.

Gold climbed 1.2% to around $4,719/oz in New York, near a four‑month high, after reports that US Treasury Secretary Scott Bessent may tap the $935 billion Treasury General Account to fund a “Treasury Twist” bond‑buyback scheme targeting higher‑yielding long‑dated securities. The 10‑year yield slipped to about 4.69% and the 30‑year to roughly 5.215%, still close to last week’s 19‑year high above 5.27% that triggered expanded buybacks from $2 billion to at least $4 billion. Silver fell about 1% to consolidate below $70/oz resistance, while copper added 0.46% and trades just under record levels.