- Memorandum of Understanding signed to acquire the Golden Arrow Project in Nevada’s Walker Lane Belt for US$5 million
- Acquisition adds 420,000 ounces of historic gold resources, expanding Fairchild’s Nevada landholding by 170%
- Executive Chairman Nikolas Perrault highlights disciplined growth strategy as analysts project gold surpassing $5,000 per ounce
The Golden Era of Gold Revisited
Gold has entered a defining moment. With prices hovering near record highs near $4,200 an ounce and some forecasts now calling for $5,000 gold within a year, the macro backdrop for precious metals has rarely looked stronger. Central banks continue to diversify out of fiat currencies, inflation remains stubbornly above target, and geopolitical risks are rewriting the global investment playbook.
Wheaton Precious Metals CEO Randy Smallwood told Bloomberg earlier this month that gold could “easily reach $10,000 an ounce before the end of the decade.” It’s not just investor demand driving the move; structural supply constraints and underinvestment in new discoveries are now colliding with a…
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