Gold Demand Just Broke a Record. Supply Can’t Keep Up

From Equity Insider

A Reuters poll of analysts forecasts gold will deliver another record-setting year in 2026, with 95% of surveyed central banks expecting global holdings to rise, the highest share ever recorded. U.S. gold demand doubled to 679 tonnes in 2025, a 140% year-over-year increase, while ETF inflows reached 437 tonnes, pushing holdings to a record $280 billion in assets under management.^[1] Companies positioned across the gold exploration and production spectrum include Golden Goose Resources (CSE: GGR) (OTCQB: GGRCF), Omai Gold Mines (TSXV: OMG), Banyan Gold (TSXV: BYN), i-80 Gold (TSX: IAU), and Allied Gold (TSX: AAUC).

Goldman Sachs raised its end-2026 gold price forecast to $5,400 per ounce, expecting sustained central bank purchasing of 60 to 70 tonnes monthly alongside anticipated Federal Reserve rate cuts. Meanwhile, S&P Global forecasts the all-in sustaining cost for silver will rise 3.8% to $23.44 per ounce in 2026, reflecting broader inflationary pressures reshaping the global mining cost landscape.

Golden Goose Resources (CSE: GGR) (OTCQB: GGRCF) recently announced the commencement of systematic geological mapping and channel sampling at its Gran Esperanza Project, a highly prospective gold-silver property spanning 44,400 hectares in the Los Menucos District of Río Negro Province, Argentina.

The current program represents the first phase of a comprehensive field campaign designed to better define the epithermal vein system and refine priority exploration targets across the property. Geological crews are conducting property-wide mapping, detailed structural analysis within key mineralized corridors, and systematic channel sampling across exposed quartz veins and alteration zones.

Channel samples are being collected at approximately 50-metre intervals along veins to assess grade distribution and strike continuity. Historical results from the property have returned channel samples of 2.0m at 24.0 g/t Au, 5.0m at 13.1 g/t Au, and 1.3m at 11.5 g/t Au, with rock chip samples grading up to 24.4 g/t Au.

“We are pleased to initiate this important phase of exploration at Gran Esperanza. This systematic program is designed to generate critical geological and geochemical data that will enhance our understanding of the scale and continuity of mineralization on the Property,” said Dustin Nanos, CEO of Golden Goose Resources. “Our objective is to methodically advance the Project and establish a strong technical foundation for additional programs including diamond drilling.”

Previous exploration at Gran Esperanza included 30 trenches totalling 2,937 metres, 690 channel samples, 1,674 rock samples, and over 10 kilometres of mapped epithermal veins. A December 2025 site visit returned a rock chip sample grading 14.34 g/t Au, further confirming the project’s high-grade potential.

The property is located adjacent to a gold project being drilled by Southern Copper and near the Calcatreu Project currently under development, highlighting the district’s active exploration profile. Year-round accessible and just two kilometres from a highway, Gran Esperanza offers favourable infrastructure for advancing exploration.