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Lab Report | Aug 19 Daily Market Overview & Deep Dive on Strikepoint, Kirkland Lake, and Onyx Gold

CEO.CA Aug 19, 2026 49:38

Summary

Treasury joining the Fed in QE (bond-buying to suppress yields) signals debt-market stress, and the host argues gold is the main beneficiary.

StrikePoint Gold is buying Newmont's Northumberland deposit — 4.5 million combined ounces in Nevada — funded by a C$140 million bought-deal financing.

Kirkland Lake Discoveries hit 4.4 metres of 20.29 g/t (grams per tonne) gold at Morado, and shallow high-grade points to underground potential.

Onyx Gold's 73.4 g/t visible-gold intercept at shallow depth (341 metres) suggests an orogenic system worth chasing deeper, in the host's view.

Orogenic gold (fault-channelled) systems are structurally controlled with deep roots; the host prefers chasing high-grade veins over low-margin bulk open-pit ounces.

Key points on Newmont

  • Agreed to sell the past-producing Northumberland gold project in Nevada's Walker Lane to Strikepoint for US $70 million upfront plus two contingent US $25 million payments tied to a feasibility study and commercial production milestones.
  • The speaker reads the milestone-payment structure as a sign Newmont expects Northumberland to clear a feasibility study and reach production.
  • The guest argues a roughly 4.5-million-ounce deposit means little to what he calls the world's largest gold producer, which is why Northumberland sat on Newmont's shelf for a long time.

Stefan Skelpowitsch's takeaways

  • Top takeaway The Kirkland Lake Discoveries CEO says drilling continues to intersect broad, bulk-tonnage-style mineralization carrying significant structurally controlled high-grade intercepts at Mirado.
  • He reports the Mirado resource footprint keeps expanding and that the company is strongly encouraged by visuals from its first 10 regional step-outs across KL south.

Allan Barry Laboucan's takeaways

  • Top takeaway Maintains his start-of-2026 call for gold at $5,500-6,000; with gold up 2.7% to $4,540 on the day, he sees the correction over after a triple bottom and a forming cup-and-handle.
  • Argues the Treasury joining the Fed in QE is a band-aid destined to fail against what he calls a death spiral of debt, and that all roads lead to gold.
  • Believes official inflation understates the real rate by roughly half, so he would not lend to the US government below about 7-8% and sees no case for owning bonds.
  • Pushes both Kirkland Lake Discoveries and Onyx Gold to concentrate on high-grade orogenic shoots rather than open-pit bulk tonnage, arguing that is where the value and re-rating lie.
  • Sees Strikepoint's Northumberland acquisition as company-making for a firm valued at only C$10.29 million and expects the stock to ramp once trading resumes.