Gold prices slipped to a one-week low as spot gold fell 0.4% to $4,271.16/oz in New York and December futures eased 0.3% to $4,306 amid a stronger US dollar and expectations of more hawkish US Federal Reserve rate moves. The dollar hit a two-month high and US 10-year Treasury yields hovered near a 20-year peak, sharply raising the opportunity cost of holding non-yielding bullion. Oil gained about 1% on stalled US–Iran talks over the war, while spot silver dropped 1.8% to $63.29/oz, platinum 0.2% to $1,746.44, and palladium rose 0.5% to $1,266.40.

OceanaGold is weighing a 50% expansion of its Waihi plant to 1.2 Mt/y after Wharekirauponga drilling returned standout intercepts including 6.3 m at 97.2 g/t Au from 481.5 m in the East Graben vein and 8.5 m at 41.5 g/t from 399 m. The move would enable concurrent feed from Martha Underground and Wharekirauponga post‑2032, building on a 2024 plan outlining 1.6 Moz over 15 years and an initial 4.1 Mt reserve at 9.2 g/t. Underground development is advancing, with the Waihi North decline now 350 m, first vent shaft under construction, staged commissioning of a new water treatment plant, and early works on a new tailings storage facility due in Q4.

Kinross Gold has cut its 2026–27 production outlook by about 8% to 1.84–1.86 million attributable gold-equivalent oz. a year and raised 2024 AISC guidance to $1,850–$1,900/oz after winter storms, copper-rich sulphide ore and poor recoveries at La Coipa in Chile, plus weaker mining rates, grades and recoveries at Round Mountain Phase S in Nevada. The company is stockpiling high-copper material, studying a new flotation circuit for deeper sulphide mineralisation that may overlie a copper porphyry system, and using a smaller shovel at Round Mountain to cut dilution. Despite the operational hit and a Q3 output cut to about 425,000 oz., Kinross has lifted its 2026 shareholder return target to 50% of free cash flow and has already returned about $800 million this year, mainly via $655 million in buybacks.