Gold Miners Index Up 17.4 Percent for the Quarter - Banyan and Fury Approach Mil

Advertisement – This article is a paid marketing and communications release on behalf of Fury Gold Mines Limited and Banyan Gold Corp. ^.  SRC swiss resource capital AG has paid investor relations consulting agreements with both companies ^.  Creator and Publisher: SRC swiss resource capital AG ^.  Author: Ingrid Heinritzi. First published: October 6, 2026, 5:30 a.m. Berlin/Zurich ^.

Dear Readers,

September 2026 saw a setback in the price of gold. According to U.S. Funds, gold fell by 6.3 percent over the course of the month, while the U.S. Dollar Index rose by more than 2 percent. On September 16, the Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75 to 4.00 percent. The picture for the third quarter as a whole is more favorable: According to U.S. Funds, the NYSE Arca Gold Miners Index posted a total return of 17.4 percent, outperforming all S&P 500 sectors.

The demand base also remained supportive. The World Gold Council reported global net central bank purchases of 23 metric tons for July, including 20 metric tons in China and 8 metric tons in Poland. The figures are based on reports available through July 31, 2026.

Banyan Gold: Financing and Nitra Drilling

Banyan Gold Corp. - https://www.commodity-tv.com/ondemand/companies/profil/banyan-gold-corp/ - announced on September 29, 2026, the completion of a financing round with gross proceeds of approximately 54.3 million CAD. According to the company, the funds will be used to finance the AurMac and Nitra projects in the Yukon, as well as working capital.

According to the company, the AurMac and Nitra land package covers approximately 830 km². The 2026 Nitra program is focused on eleven regional targets. For the Seattle Creek Zone, Banyan reported, among other things, 4.04 g/t gold over 1.4 m, including 5.70 g/t gold and 544 g/t silver over 0.5 m. At the time of the announcement, however, only the top 95 m of a 600-meter-long drill hole had been analyzed.

For AurMac, Banyan has scheduled a Preliminary Economic Assessment (PEA) for the fourth quarter of 2026, according to its own plans.

You can also meet Banyan Gold in person

The company will be exhibiting at the Munich Commodities Fair (-  https://www.rohstoffmesse-muenchen.de/ -), which will take place on November 6 and 7, 2026, at MotorWorld Munich.

Take advantage of this opportunity for direct interaction to ask questions about the plans for the Yukon projects AurMac and Nitra, ranging from the “PEA” scheduled for the fourth quarter of 2026 to the regional exploration program at Nitra.

Admission is free with prior online registration.

Fury Gold: Eau Claire Ahead of the PFS Phase

Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - has a Québec portfolio of approximately 157,000 hectares, according to its quarterly report. The former Dolly Varden holding was exchanged for Contango shares as part of the merger completed on March 26, 2026. Fury currently holds 1,815,754 Contango shares, representing approximately 5.8 percent.

On August 25, Fury reported, among other results from the Eau-Claire program, 14.41 g/t gold over 3.92 m in drill hole 26EC-125. According to the company, Phase 2 drilling will cover 15,000 to 25,000 m, and management is working toward a pre-feasibility study (PFS) in 2027. The company’s presentation as of September 8, 2026, also lists CAD 6.3 million in cash and cash equivalents and CAD 53.9 million in marketable securities.

Conclusion: Gold Stocks Face New Proofs of Concept

The quarterly data show relative strength in mining stocks. For Banyan, the verifiable catalysts lie in financing, the Nitra drill program, and the planned AurMac PEA. For Fury, the focus is on further Eau-Claire results and the planned PFS phase.

Good luck and warm regards from Switzerland,

Yours,

Marc Ollinger

Swiss Resource Capital AG

Note: The following market assessments are expressions of opinion. Statements regarding third parties are based - where indicated - on publicly available sources; where no source is cited, they represent subjective assessments rather than verified factual claims.

Swiss Resource Capital AG at a glance:

• Our website: https://www.resource-capital.ch/de/
• Interesting and exclusive videos and interviews: https://www.rohstoff-tv.com/, https://www.commodity-tv.com/, and https://www.youtube.com/@SwissResourceCapitalAG  
• All free commodities reports: https://www.rohstoff-reports.com/
• Registration for our roadshows: https://www.european-roadshows.com/de/  

Sources and Editorial Basis

• U.S. Global Investors / U.S. Funds: Gold Stumbled in September, but Gold Miners Beat Every Sector in the S&P 500 (October 2, 2026) – Original source

• Federal Reserve: FOMC Statement (September 16, 2026) – Original source

• World Gold Council: Central Bank Gold Statistics (September 3, 2026) – Original source

• Banyan Gold: Closes $54.3 Million Financing (September 29, 2026) – Original Source

• Banyan Gold: Seattle Creek Gold-Silver Discovery (August 25, 2026) – Original source

• Banyan Gold: AurMac PEA (July 7, 2026) – Original Source

• Fury Gold Mines: Eau Claire Infill Drill Results (August 25, 2026) – Original Source

• Fury Gold Mines: Projects Overview (updated September 23, 2026) – Original source

• Fury Gold Mines: Investor Presentation (September 25, 2026) – Original source

• Fury Gold Mines: MD&A Q1 2026, SEC filing (as of March 31, 2026) – Original source

Source of Intro Image: https://furygoldmines.com/projects/eau-claire/#photo-gallery

Date of publication: October 5, 2026. This presentation is based on the cited public company announcements, project websites, technical and geological publications, and external market sources. SRC swiss resource capital AG has not conducted its own resource estimate, drill data review, metallurgical study, PEA, PFS, feasibility study, or independent company valuation. Technical data is reproduced as provided by the respective source and has not been independently verified by SRC. 

Disclaimer, Nature, and Liability

This article is not an independent financial analysis, investment advice, individual investment recommendation, or a solicitation to buy, hold, or sell securities. No assessment is made of readers’ personal circumstances, investment objectives, knowledge, experience, or risk tolerance.

The author and publisher is SRC swiss resource capital AG, Poststrasse 1, 9100 Herisau, Switzerland. The person responsible within the meaning of Section 18(2) of the Media Services Act (MStV) is Marc Ollinger, Managing Director of SRC swiss resource capital AG.

Compensation and Conflicts of Interest

SRC swiss resource capital AG has paid investor relations (IR) advisory agreements with Fury Gold Mines Limited and Banyan Gold Corp. According to the information provided, the compensation is performance-independent; no price- or transaction-based compensation is disclosed.

Positions as of the date of publication, October 5, 2026: According to the information provided, the author holds no shares, certificates, options, warrants, or other derivatives of the issuers discussed. SRC’s net position in the issuers discussed is, according to the information provided, less than 0.5%. No stake of at least 5% in SRC held by any of the issuers discussed has been disclosed. No other market-making, liquidity-providing, or investment banking relationships are disclosed for this article.

Technical Information, Forward-Looking Statements, and Risks

Drilling results, visible gold, mineral resources, study values, and corporate targets are based on the sources cited in each case. Mineral resources are not mineral reserves; a drill interval does not constitute a resource estimate. A PEA or PFS is not a feasibility study and does not constitute a production decision. Studies, plans, and forecasts are based on assumptions; actual results may differ materially.

Significant risks include, in particular, exploration and geology, metallurgy, permits, environmental and social requirements, financing and dilution, project implementation, commodity prices, exchange rates, political and legal conditions, partner and contractual risks, as well as the liquidity and volatility of exploration securities. The loss of invested capital, up to and including total loss, is possible.

Regulatory Transparency and Liability

SRC swiss resource capital AG is a company domiciled in Switzerland. To the extent that this article is legally classified as an investment recommendation or investment strategy recommendation, the disclosure—where applicable—is based on Article 20 of the Market Abuse Regulation (MAR), Delegated Regulation (EU) 2016/958, and Sections 85 and 86 of the German Securities Trading Act (WpHG). For investor relations-related communications in British Columbia, please note the requirements for clear and conspicuous disclosure under Section 52(2) of the Securities Act and BC Notice 51-703. 

All information has been compiled to the best of our knowledge and with journalistic diligence. No warranty is provided as to the accuracy, completeness, or timeliness of any information. Liability is excluded to the extent permitted by law. This does not apply to damages resulting from intentional or grossly negligent conduct, to damages arising from injury to life, limb, or health, to mandatory statutory liability provisions, or to damages arising from the breach of material obligations. In the event of a breach of material obligations due to slight negligence, liability is limited to foreseeable damages typical for this type of contract. The respective operators are responsible for the content of external websites; linked pages are not subject to ongoing review.

There is no ongoing obligation to update the content after publication. Statutory obligations to correct or disclose information remain unaffected; subsequent changes in the company’s, project’s, market’s, or legal situation may render individual statements obsolete. The current legal notice from SRC at https://www.resource-capital.ch/de/disclaimer/ and the legal notice at https://www.resource-capital.ch/de/impressum/ apply.

AI Disclaimer and Copyright

AI-supported systems may be used as editorial tools for research, analysis, structuring, and linguistic editing. Editorial responsibility for the published article lies with SRC swiss resource capital AG. AI systems do not replace the verification of underlying sources or an independent professional, technical, legal, or financial review.

The content is protected by copyright. Commercial use or distribution is permitted only with the prior written consent of SRC swiss resource capital AG.