Gold Recovers Above $4,500 as London BTC Stakes Nevada Claims

Gold prices rebounded above $4,500 per ounce by mid-June amid a sustained wave of mining corporate actions. The period featured Agnico Eagle’s US$2.4 billion Hope Bay commitment, Kinross’s $3 billion Lobo Marte FID, Greatland’s $500 million Havieron financing, and Perpetua’s $2.9 billion EXIM loan for Stibnite. The latest development saw London BTC Company stake 111 mineral claims at the Huntington-Whitman project in Nevada on June 9, marking its first hard-asset gold move alongside its Bitcoin operations. Sector M&A and funding momentum continued to support equities and broader precious-metals sentiment.