Mining Stock Daily Morning Briefing: The US Government Takes a State in Trilogy Metals, Approves Ambler Access Road (Again)
Oct 7, 2025
President Trump grants permits for the Ambler Access Project, marking a significant investment in Trilogy Metals. Equinox Gold reveals record Q3 production numbers, showcasing operational successes. New drilling results highlight discoveries from Meridian Mining and Brixton Metals, including a notable intercept. Cartier Resources reports impressive high-grade gold assays, while American Eagle Gold expands its copper-equivalent deposit. Exciting developments continue at Kenorland and Auranova with their Phase 2 drilling plans.
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Monitor Macro Moves When Trading Gold
- Watch macro and political events as they can drive gold prices significantly, especially during Asian trading hours.
- Use technicals to time entries but respect the underlying bullish fundamentals pushing prices higher.
Federal Backing Spurs Massive Share Move
- The U.S. government moved to enable the Ambler Access Road and acquire a 10% equity stake in Trilogy Metals via a $35.6M investment.
- This action immediately drove Trilogy shares up over 250% in after-hours trading, signaling strong market reaction to federal backing.
Equinox Posts Record Quarterly Output
- Equinox Gold produced a record 236,470 ounces in Q3 and remains on track for annual guidance despite asset divestment.
- Improved mining rates and higher mill grades at Greenstone drove the quarter's stronger performance.