Mining Stock Daily Morning Briefing: Investors Exit Gold ETFs, US gov't takes equity stake in graphite miner
8 snips
Mar 26, 2026 Markets slide as investors pull billions from gold and silver ETFs. U.S. government moves to convert loans into an equity stake in a major graphite miner to secure supply and attract private capital. Several juniors report fresh drill results, feasibility updates and commissioning milestones across gold and base-metal projects.
AI Snips
Chapters
Transcript
Episode notes
Record Gold And Silver ETF Outflows
- U.S. investors pulled a record $11 billion from commodity ETFs in March, with GLD losing $7 billion and silver shedding $1.4 billion.
- Michael McRae cites Bloomberg Intelligence showing this was the largest outflow since 2005, signaling strong investor rotation out of precious metals.
US Government To Take Equity In Graphite Mine
- The U.S. International Development Finance Corporation plans to convert part of its loan to Syrah Resources into equity, taking a strategic stake in the Balama graphite mine and Vidalia anode plant.
- Michael McRae notes the move gives the U.S. direct ownership in major natural graphite reserves and is expected to mobilize over five times more private capital.
High Grade Intercepts At Winant Deposit
- Omai Gold Mines reported high-grade drill results at the Winant deposit, including 7.74 g/t over 13.5 m and 6.3 g/t over 9.8 m, confirming strong continuity.
- Michael McRae says these intercepts support a large bulk-tonnage system that already hosts a multi-million ounce resource and drilling continues at nearby targets.