Did you know: Identified and delineated mineable reserves totaled 2.1 billion ounces in 2025, equivalent to 25 years of production at current mining rates of 84.1 million ounces per year. Reserves are 57% greater than they were in 2005. There are 41 mining properties under development or expansion slated to come onstream over the next few years beyond 2026. Combined annual production capacity at these properties is 12.9 million ounces. AngloGold Ashanti’s has outlined a maiden 4.9 million ounces of reserves at its Arthur gold project in Nevada. It plans to produce 500,000 ounces per year of gold over its first nine years of operation. Its all-in sustaining cost is projected at US$954 per ounce, slightly more than half the current average AISC.

Did you know: Central banks added 9.5 million ounces of gold in 2024 and 10.2 million ounces in 2025 to their monetary reserves. The World Gold Council’s numbers of 35.1 million ounces and 27.8 million ounces claim to include ‘secret, unreported’ gold purchases the central banks deny. Banks, brokers, and promoters use the WGC figures because they are free.

Did you know: Private investors bought more gold in 2025 than ever before in any given year. The buyers ranged from individuals around the world to the largest institutional investors and sovereign wealth funds.

Jeffrey Christian: $200 Oil 'Is Possible', Debts, Deficits and The New Role of Gold @CPMGroupLLC #GoldBullMarket #SilverMarket #PlatinumGroupMetals #OilGasSupplyChain #DebasementDollar #Energy #Oil #NatGas #GlobalEconomyRecession #CommodityInvestment #MiningStocks #GeopoliticalRisk #EconomicAnalysis

AI is likely to have both deflationary and inflationary effects across the global economy. From a metals perspective, the net impact is expected to be price supportive, particularly for gold and silver during periods of disruption and policy adjustment.

AI isn’t just a tech story. It’s a macro shock. And it may be an important bullish drivers for precious metals. cpmgroup.com/ais-impact-on-p…