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Gold Forecast to Reach $4,900 an Ounce as Central Bank Buying Holds

IAGBTGAGI
  • Gold prices crossed US$5,000 per ounce for the first time in January 2026, reached an intraday high above US$5,500, then retreated below US$4,000 by late June before rallying again.
  • Goldman Sachs forecasts gold will reach US$4,900 per troy ounce by the end of 2026, driven by central banks diversifying reserves away from foreign currencies rather than speculative positioning.
  • Morgan Stanley Research indicates a capital-investment super-cycle among gold producers is unlikely due to permitting \& regulatory hurdles constraining new capacity.
  • Lake Victoria Gold Ltd. completed initial spot repairs on the 14 km access road to its Imwelo Gold Project in Tanzania ahead of the wet season.
  • Construction at the Imwelo site includes a substantially complete camp with installed utilities, advancing clearing \& earthworks across the pit \& tailings facilities, \& commencement of run of mine pad levelling.
  • Lake Victoria Gold is using a "build-once" camp strategy where construction infrastructure will remain in service during permanent operations to avoid duplicated expenditure.
  • Barrick holds an equity position in Lake Victoria Gold, while Tanzania's Taifa Group is contracted for civil works \& contract mining at the project.
  • The Imwelo project relies on JORC-compliant PEA \& PFS studies rather than a current NI 43-101 feasibility study, creating uncertainty regarding economic viability \& production.
  • IAMGold reported Q2 2026 production of 188,100 ounces, maintained full-year guidance of 720,000-820,000 ounces, \& returned nearly US$150 million to shareholders.
  • B2Gold reported Q2 consolidated production of 203,648 ounces, with performance offset by a fire at the Goose mine \& pending permits for the Menankoto project in Mali.
  • Alamos Gold raised Q2 revenue by 36% but cut full-year production guidance by 12% after a seismic event limited access at the Young-Davidson underground mine.
  • This article is a paid advertisement distributed by American News Group for Lake Victoria Gold, disclosing conflicts of interest \& noting that information is not independently verified.