Advertisement – On behalf of Discovery Mining Ltd. and GoldMining Inc.
SRC swiss resource capital AG has fee-based, non-performance-based IR advisory agreements with both companies. Prepared by: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: October 20, 2026, 5:30 a.m. Berlin/Zurich.
Inflation Keeps the Fed and Gold on the Move
Dear Readers,
Following the release of the September data on October 14, U.S. monetary policy once again took center stage. According to the U.S. Bureau of Labor Statistics, consumer prices rose by 3.7 percent year-over-year. Persistent inflation is increasing pressure on the Federal Reserve to carefully weigh its future interest rate policy.
In September, the seasonally adjusted Consumer Price Index rose by 0.6 percent compared with August; gasoline prices rose by 9.1 percent. The rise in gasoline prices accounted for more than half of the total monthly increase. In addition to inflation, real interest rates, the dollar’s performance, and geopolitical risks are key factors influencing gold prices. Fed Chairman Kevin Warsh also emphasized in his August 28 speech that the central bank must assess inflation trends rather than individual data points.
GoldMining Continues Development of La Mina and Crucero
GoldMining Inc. - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - develops gold and copper projects in North and South America. For its wholly-owned Crucero project in Peru, the updated resource estimate now includes antimony.
For La Mina in Colombia, GoldMining published an updated preliminary economic assessment in April: It calculates a post-tax net present value of approximately one billion U.S. dollars at a five percent discount rate. The model uses a gold price of 3,500 U.S. dollars per ounce.
Discovery Mining Reports Cordero Permits
Discovery Mining Ltd., - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - formerly Discovery Silver, produces gold at the Porcupine Complex in Ontario. The company forecasts 260,000 to 300,000 ounces of gold for 2026. In contrast, the company’s Cordero property in Mexico is still under development and is not a producing silver operation.
On October 5, Discovery announced that it had received the environmental impact permit and the land-use change permit for Cordero from SEMARNAT. According to the company, this completes the federal environmental permitting process, but does not automatically fulfill every other requirement for mine construction. Extensive exploration drilling was also planned for 2026.
Conclusion: GoldMining and Discovery Mining on the Verge of Milestones
Inflation trends keep gold in the spotlight as a diversification opportunity, though they do not guarantee short-term price gains; at the same time, higher real interest rates can weigh on the price of gold and make financing mining projects more expensive. For GoldMining, the focus is on further project studies and exploration, while for Discovery, it is on Porcupine production and the development of Cordero.
Current company information and press releases: GoldMining https://www.resource-capital.ch/de/unternehmen/goldmining-inc/ and Discovery Mining https://www.resource-capital.ch/de/unternehmen/discovery-mining-ltd/
For further information, see our Precious Metals Report: https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2026-03/
Best of luck and warm regards from Switzerland,
Marc Ollinger
Swiss Resource Capital AG
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Sources: U.S. Bureau of Labor Statistics, Oct. 14, 2026 https://www.bls.gov/news.release/archives/cpi_10142026.htm · Federal Reserve, Aug. 28, 2026 https://www.federalreserve.gov/newsevents/speech/warsh20260828a.htm · Fed FOMC, October 7, 2026 https://www.federalreserve.gov/monetarypolicy/fomc.htm · GoldMining La Mina, April 28, 2026 https://goldmining.com/index.php?content_id=715 · GoldMining Yarumalito, October 6, 2026 https://www.goldmining.com/news/index.php?content_id=730 · Discovery Q2, 2026 https://dsvmining.com/English/news-media/press-releases/press-releases-details/2026/Discovery-Reports-Record-Revenue-Strong-Year-Over-Year-Earnings-Growth-in-Q2-2026/default.aspx · Discovery Cordero, October 5, 2026 https://dsvmining.com/English/news-media/press-releases/press-releases- details/2026/Discovery-Announces-Receipt-of-Key-Environmental-and-Land-Use-Permits-for-Cordero-Project/default.aspx
Source of intro image: https://dsvmining.com/English/operations/porcupine-operations/default.aspx
Transparency and Conflicts of Interest
Prepared and Published by: SRC swiss resource capital AG, Poststrasse 1, 9100 Herisau, Switzerland. Responsible under § 18(2) MStV: Marc Ollinger, CEO, Poststrasse 1, 9100 Herisau, Switzerland. Issuers: Discovery Mining Ltd. (TSX: DSV) and GoldMining Inc. (TSX: GOLD; NYSE American: GLDG). The paid IR contracts, which are non-performance-based according to the terms of the agreement, give rise to a financial interest in positive coverage. As of October 19, 2026: Neither the author nor SRC nor any affiliated companies hold shares, options, warrants, certificates, derivatives, or other long/short positions in the aforementioned issuers. Future purchases or sales are possible. None of the issuers holds at least a five percent stake in SRC. The companies did not receive the article for review and approval prior to publication. Methodology and Risks
Date of publication: October 19, 2026. Public primary sources were cross-checked; company data was not independently verified from a technical standpoint. No independent review of drilling data, resource estimates, feasibility studies, or company valuations was conducted. Project studies and timelines are contingent upon financing, permits, technical implementation, and suitable processing conditions. Exploration, geological, metallurgical, operational, construction, environmental, jurisdictional, dilution, gold price, silver price, and currency risks may materially alter results and lead to a total loss. No routine updates are planned; statutory obligations remain unaffected.
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Paid marketing communication; not an independent financial analysis, individual investment advice, or solicitation to buy; not an offer of securities. Personal investment circumstances are not reviewed. No guarantee of accuracy, completeness, or timeliness. Liability is excluded only to the extent permitted by law; exceptions include willful misconduct, gross negligence, injury to life, limb, or health, mandatory liability, and breaches of material obligations. In the event of a breach of material contractual obligations due to slight negligence, liability is limited to foreseeable damages typical for this type of contract. The operators of external websites are responsible for their content; their own legal liability remains unaffected. AI was used for research and processing. Editorial responsibility and final human review remain with SRC. © 2026 SRC. Redistribution requires consent or legal authorization.
