Blue Lagoon Resources (CSE:BLLG, OTCQB:BLAGF,FSE:7BL) is poised to become British Columbia’s next high-grade underground gold producer. The company’s 100 percent-owned Dome Mountain Gold Mine has reached a major milestone with the receipt of a full BC mining permit—paving the way for near-term production.
With production on the horizon, early cash flow will be reinvested to grow the existing high-grade resource and advance exploration across the company’s expansive land package. This strategy positions Blue Lagoon as a low-risk, high-upside opportunity in a strengthening gold price environment.
Backed by strong insider ownership, low capital intensity, and a clear path to production, Blue Lagoon is successfully transitioning from a junior explorer to a gold producer.
The Dome Mountain Gold Project is the company’s flagship asset and sole focus—a rare, near-production opportunity in one of Canada’s top mining jurisdictions. Located just 50 minutes from the mining-friendly town of Smithers, BC, the project covers nearly 21,000 hectares in a prolific gold belt with excellent infrastructure, road access, and power.
Dome Mountain has a storied history, with over $80 million in historic investment by major players like Noranda and Timmins, as well as over $30 million invested by Blue Lagoon since 2019.
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Blue Lagoon offers a compelling low-risk, high-upside opportunity in a rising gold price environment driven by a focused transition from junior exploration to gold production, strong insider ownership and low capital intensity.
Blue Lagoon Resources (CSE:BLLG,OTCQB:BLAGF,FSE: 7BL) is emerging as British Columbia’s next high-grade underground gold producer. The company’s 100 percent owned Dome Mountain gold mine has achieved the rare milestone of securing a full BC mining permit, setting the stage for near-term production. The company will use early cash flow to expand the existing high-grade resource and unlock the significant exploration potential across the vast land package.
Over $30 million has already been invested in development and drilling at Dome Mountain since 2019, including more than 48,000 meters of drilling that led to the discovery of two new zones: Chance Structural and the Federal zone. The current NI 43-101 resource—focused solely on the Boulder Vein—includes 45,000 oz of gold (measured), 173,000 oz (indicated), and 16,000 oz (inferred), along with over 1.1 million oz (Moz) of silver. However, this represents just a fraction of the potential: Dome Mountain hosts 15 known high-grade veins on only 10 percent of the 22,000-hectare land package, 90 percent of which remains unexplored.
What sets Blue Lagoon apart is its disciplined business model—generating revenue through production to fund exploration, instead of relying on continuous dilution. By minimizing upfront capital requirements and leveraging strong partnerships—including community support from the Lake Babine Nation and financial backing from strategic investors—Blue Lagoon is positioned to scale efficiently.
Blue Lagoon is led by a seasoned team of entrepreneurs, mine builders, and technical experts with deep experience in financing, permitting, and operating gold projects.
The Dome Mountain gold project is Blue Lagoon Resources’ flagship and sole focus, representing a rare near-term production opportunity in a premier jurisdiction. Located just 50 minutes from the mining-friendly town of Smithers, BC, the project spans nearly 21,000 hectares of mineral titles in a richly endowed gold belt with excellent infrastructure, road access and power. The mine has a long history, with more than $80 million in historical investment from Noranda, Timmins and Blue Lagoon, including more than $30 million since 2019.
The Dome Mountain mine is a fully permitted, high-grade, underground gold-silver project. In February 2025, the company secured both its mine permit from the BC Ministry of Energy, Mines and Low Carbon Innovation, and an associated effluent discharge permit from the Ministry of Environment and Climate Change Strategy. These permits enable full-scale mining operations to commence—an achievement few companies have attained in British Columbia over the past decade.
Initial operations will focus on the Boulder Vein System, which hosts the current NI 43-101 resource. The resource includes 45,000 oz of measured gold at 10.32 grams per ton (g/t), 173,000 oz indicated at 8.15 g/t, and 16,000 oz Inferred at 6.02 g/t Au. These zones also contain significant silver by-products, totaling over 1.1 Moz across categories. The resource is based on a 3.5 g/t gold cutoff and only covers one of at least 15 known high-grade veins on the property.
Dome Mountain project site layout
The Boulder Vein is being developed for initial production of 15,000 oz of gold per year, processed via a toll milling agreement with Nicola Mining. Metallurgical recoveries from a previously processed 5,000-ton bulk sample returned 95 percent gold and 90 percent silver recoveries, confirming the project's strong economics. Pre-production capital costs are minimal, with the only major requirement being the completion of the on-site water treatment facility, expected by May 2025.
Despite the historical work, 90 percent of the property remains unexplored. Blue Lagoon has already completed over 48,000 meters of drilling since 2020 and made two new discoveries (Chance Structural and Federal One). Recent airborne magnetic and IP geophysical surveys have identified numerous new drill targets, and internal modeling suggests the potential to grow the resource to more than 1 Moz. All exploration is fully funded through anticipated cash flow, minimizing dilution and offering investors exposure to both near-term revenue and long-term discovery potential.
A veteran entrepreneur with over 30 years of experience in public and private markets, Rana Vig has a deep history of building and financing ventures in the mining, cannabis and technology sectors. Prior to founding Blue Lagoon, he served as CEO of Lead Ventures, where he orchestrated a $5-billion reverse takeover of Curaleaf Holdings—Canada’s largest cannabis financing to date. Under his leadership, Blue Lagoon secured its final mine permit for Dome Mountain, raised over $30 million, and positioned the company for near-term gold production. Known for his execution-focused strategy and shareholder alignment, Vig and his family are among the company’s largest shareholders, having recently increased their stake with additional personal investments.
With over 35 years of global experience, William Cronk leads the company’s exploration programs. He has worked across North and South America, Africa and Europe, and has contributed to both grassroots and advanced-stage projects. His past roles include senior positions at Dundee Precious Metals and Northern Empire (acquired by Coeur Mining). Cronk has overseen Blue Lagoon’s extensive drilling campaigns at Dome Mountain, including over 48,000 meters of drilling, and was instrumental in the discovery of the Chance Structural and Federal One zones. His understanding of structurally controlled gold systems has positioned the company to unlock the broader exploration potential of the property.
Roy Edvardsen brings more than four decades of operational mining experience and is currently overseeing the preparation and execution of the Dome Mountain restart. His background includes roles as mine superintendent and underground mine manager at some of Canada’s most recognized operations, including the Wolverine Mine (Yukon), Ekati Diamond Mine (NWT) and Eskay Creek (BC). Known for his focus on underground mine safety and operational efficiency, Edvardsen has implemented robust ground control, ventilation and emergency protocols at Dome in preparation for production.
Gurdeep Bains is a chartered professional accountant with more than two decades of financial and corporate development experience. He spent 10 years at Canaccord Genuity, where he managed internal audits, financial analysis, and played a key role in global expansion projects totaling over $850 million across Canada, the US, UK, Australia and China. His expertise in due diligence, M&A integration and financial governance supports Blue Lagoon’s capital discipline and operational transparency.
Summer 2025 production ready gold producer in British Columbia with significant exploration upside
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S eptember 9, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to provide an update on its Dome Mountain Gold Project, where the Company is nearing final commissioning of its Moving Bed Biofilm Reactor (MBBR) water treatment system - the final step required before commencing blasting.
The Company expects the MBBR to be fully activated within the next 7 to 10 days , at which point the water treatment plant will be fully commissioned and blasting can begin. In the meantime, underground preparation work is scheduled to start this week to ensure the operation is fully ready for the start of mining.
Underground Work To Commence This Week
Work beginning this week includes:
Establishing emergency egress exit points – ensuring all ladders are secure and viable.
Bolt testing – testing approximately 10% of bolting as per the Ground Control Management Plan.
Re-establishing the ventilation system – moving and wiring underground fans and ventilation ducts.
Clearing and fortifying underground magazine storage units and purchasing explosives.
Moving small waste piles to improve efficiency once blasting begins.
Cleaning the underground sump.
Drilling at the rollover to establish the first exposed ore face.
Once the MBBR system is commissioned (expected in the next 7 to 10 days), drilling and blasting will begin immediately at both the rollover and in the incline (development work).
"We are now extremely close to begin mining," said Rana Vig, President & CEO of Blue Lagoon Resources. "The MBBR commissioning at Dome Mountain is the last remaining step before blasting can commence, and our crews are already underground preparing for operations. We expect to transition quickly into production and near-term cash flow once the system is online."
To further strengthen its operational readiness, Blue Lagoon has added two experienced professionals to its team:
Michael Kendall – Underground Mine Supervisor
Mr. Kendall brings more than three decades of hands-on underground mining experience, with a proven track record of leading safe, efficient, and high-performing crews across some of Canada's most notable operations, including Eskay Creek, Rice Lake, Myra Falls, Red Chris, and Minto.
Former Underground Mine Manager at Fortis Mining and Underground Supervisor at Barminco (Red Chris).
Extensive experience in mine planning, development, and production management, including recommissioning and optimization of underground operations.
Recognized Mine Rescue Captain, with multiple provincial championships and decades of safety leadership.
Mr. Kendall's deep operational knowledge and safety-first approach will be instrumental as Dome Mountain transitions from development into steady-state production.
Dr. Francis Salifu – Environmental Manager
The Company has also appointed an Environmental Manager, a seasoned professional with over 15 years of progressive experience in mining-sector environmental management, including more than five years in senior supervisory roles.
PhD in Environmental Science.
Expertise in ML/ARD mitigation, water quality and water balance modeling, and biochemical reactor (BCR) systems.
Formerly with Conuma Resources, PwC, and the Alberta Energy Regulator, where they developed integrated environmental management programs and improved site compliance by more than 60%.
Skilled in stakeholder engagement with regulators, consultants, and Indigenous communities, with a strong focus on sustainability and continuous improvement.
This appointment underscores Blue Lagoon's commitment to the highest standards of environmental compliance and responsible mining as production begins.
"As we prepare for mining and near-term cash flow, building the right team is critical," said Rana Vig, President & CEO of Blue Lagoon Resources. "Michael's extensive underground experience and Francis's proven leadership in sustainability both strengthen our operational readiness. These hires reinforce our commitment to safety, environmental stewardship, and efficient execution at Dome Mountain
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: rana@bllg.ca
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change
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The Canadian Securities Exchange ("CSE" or "the Exchange") today announced market statistics for July 2025.
July 2025 Operating Statistics
"July was an extremely active period for the Canadian Securities Exchange, with trading activity reaching the highest level of any single month since 2022," said Richard Carleton, CEO of the CSE. "In addition, the month of July featured three of the four largest financings completed to date on the Exchange this year, as Asante Gold Corporation raised $236.8 million, Vireo Growth Inc. raised US$153 million, and Draganfly Inc. raised US$25 million. We were pleased to see such strong trading and financing activity during the traditionally slower summer season."
What's On at the CSE
The CSE is excited to be sponsoring and participating in the 2025 Canadian Security Traders Association (CSTA) conference, taking place in Ottawa on August 20-22. The annual conference brings together a diverse group of financial market experts to discuss key topics impacting capital markets. Richard Carleton will be speaking on a "Market Place Roundtable" panel on August 21 with senior executives from other Canadian exchanges. They will discuss issues shaping the future of securities trading in Canada.
The CSE team will be returning to Beaver Creak Resort in Colorado for the annual Precious Metals Summit Beaver Creak on September 9-12. The invitation-only conference features nearly 200 mining companies and a who's who of expert speakers in the sector. Several CSE-listed companies are participating in the conference, including Abitibi Metals Corp. (AMQ), Asante Gold Corporation (ASE), Blue Lagoon Resources Inc. (BLLG,OTC:BLAGF), Exploits Discovery Corp. (NFLD), Headwater Gold Inc. (HWG), Kuya Silver Corporation (KUYA), and Yukon Metals Corp. (YMC).
The CSE will be in Halifax on September 16 for its latest Going Public and Raising Capital in Canada event. These seminars provide entrepreneurs and company founders with detailed information and strategies to successfully enter Canada's capital markets. The line-up of expert speakers for this event includes Scott Pritchard, the CSE's Senior Advisor of Listings Development for Quebec and Eastern Canada, and James Black, the CSE's Vice President of Listings Development. Phillip Shum, Director of Listings Development, will also be in attendance and available to speak with attendees. The event also features a networking reception.
New Listings in July 2025
SuperQ Quantum Computing Inc. (QBTQ) – Fundamental Change
Libra Energy Materials Inc. (LIBR) – Fundamental Change
About the Canadian Securities Exchange:
The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity.
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The CSE offers global investors access to an innovative collection of growing and mature companies.
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July 11, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to announce the official opening of its wholly owned Dome Mountain Gold Mine Project, that recently received its mining permit making it one of only nine mining permits granted in British Columbia in the past decade - and one of just a few high-grade, road-accessible gold projects to reach production-ready status in recent years.
The celebration, held on July 9, 2025, brought together over 100 guests from across Canada and abroad — including attendees from Germany, South Carolina, Denver, Montana and Toronto — to mark this significant milestone for the Company and the region.
Dignitaries in attendance included the Mayor of Smithers, Gladys Atrill; MLA Sharon Hartwell (Bulkley Valley-Stikine); and MP Ellis Ross (Skeena-Bulkley Valley). Also present were various representatives from the Ministry of Mines and Critical Minerals and other provincial agencies. Minister of Mining and Critical Minerals, Jagrup Brar, was unable to attend in person due to his participation in the annual Conference of Mines Ministers of Canada, held in Prince Edward Island. However, he shared a recorded message acknowledging the importance of the project, which was played during the event. Minister Brar is scheduled to visit and tour the Dome Mountain site later this month.
In a powerful display of cultural heritage and support, 18 Hereditary Chiefs and Guardians from the Lake Babine Nation (LBN) joined Hereditary Chief and Council Member Fabian Michell for the opening ceremony, which featured a traditional drum ceremony representing songs from all four LBN clans: Bear, Beaver, Frog, and Caribou.
"We were deeply honoured to stand alongside the Lake Babine Nation, whose presence and participation made this day truly meaningful," said Rana Vig, President & CEO of Blue Lagoon Resources. "This is more than just the opening of a gold mine — it's a moment that reflects years of hard work, resilience, and respectful collaboration."
During the two-day event, guests had the opportunity to take underground tours as well as visit the recently completed, state-of-the-art water treatment plant — a key environmental safeguard for the project. The facility has the capacity to treat over six times the current needs at Dome Mountain, ensuring long-term environmental resilience as production scales.
With the mine officially open, pre-production work will begin next week, setting up Dome Mountain to begin mining and transition to near-term cash flow once the Moving Bed Biofilm Reactor (MBBR) system is commissioned - expected in about four weeks. The two-stage water-treatment facility features a functioning High-Density Sludge (HDS) circuit and the MBBR circuit, which uses microbes to remove blasting-related ammonia and nitrates. The MBBR's biological ramp-up phase typically takes approximately four weeks. Mining will commence immediately upon the completion of this phase.
"As a geologist, this is a proud moment in my career," said Bill Cronk, Chief Geologist and Project Manager at Blue Lagoon Resources. "To see a project go from exploration to production — and to be part of that transformation — is something most geologists only dream of. This team made it happen and I'm very proud of that."
The event also welcomed strategic investors and partners, including Dr. Quinton Hennigh, technical advisor to Crescat Capital, and Peter Espig, CEO of Nicola Mining, with whom Blue Lagoon has a long-term toll milling agreement.
"Dome Mountain represents what's possible when entrepreneurial determination meets responsible mining practices," said Peter Espig, CEO of Nicola Mining. "We're proud to support Blue Lagoon in bringing this project to life, and to be part of a partnership grounded in trust, transparency, and technical excellence."
Throughout the event, Blue Lagoon's highly experienced technical team was on site to answer questions and provide detailed explanations of the mining methods and techniques planned for Dome Mountain. This included Steve Cutler of Roughstock Mining, an accomplished underground mining consultant with decades of experience who has worked on a wide range of underground gold projects across North America. Also present was Peter Bojtos, a professional mining engineer with global experience who has been directly involved in the opening or reopening of 19 mines over the course of his career — making Dome Mountain his 20th. Mr. Bojtos is a current director of Avino Silver & Gold Mines Ltd (formerly Chairman) (ASM:NYSE) and a technical advisor on the Dome Mountain Gold Project.
With pre-production work beginning next week, Blue Lagoon Resources is now positioned to become one of British Columbia's next producing high-grade gold mines.
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining
jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
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June 30, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to provide a corporate update highlighting significant progress at its Dome Mountain Gold Project as it prepares to enter production in a strong gold market.
"We are fully funded, fully permitted, and now entering the final stages of mine readiness — with no short-term debt, multiple successful government inspections, and a water treatment plant that has now been completed," said Rana Vig, President and CEO. "The confidence shown by our institutional investors, along with new strategic backing and the recently signed $2 million line of credit — not secured against our property — from Nicola Mining, gives us the flexibility to fund mining and development without delay. We're ready — and we're moving quickly toward cash flow."
FULLY FUNDED WITH STRONG BACKING AND NO DEBT
Blue Lagoon recently completed a successful non-brokered financing, fully subscribed by existing long-term shareholders including Crescat Capital, Phoenix Gold Fund, and Nicola Mining, alongside a small group of new strategic investors. In addition, CEO Rana Vig and Board Member Gurdeep Bains both increased their personal stakes in the Company.
The Company currently carries no short-term debt and has in-the-money warrants valued at over $3.6 million. As further validation of the project, Blue Lagoon has secured a $2 million line of credit from Nicola Mining, which can be drawn in $500,000 tranches — without any encumbrance on the Company's mineral property. While the Company may ultimately never need to draw on this facility, having access to it provides an important financial backstop. It ensures capital is available if needed to support production ramp-up, seize opportunity, or manage any unforeseen short-term needs — all without causing further dilution to existing shareholders.
SENIOR UNDERGROUND GEOLOGIST HIRED TO
STRENGTHEN TECHNICAL TEAM
The Company is also pleased to welcome Michael McCardal as Senior Underground Geologist. Mr. McCardal brings three decades of underground gold mining experience with producers including Ascot Resources, Barkerville Gold Mines, Pure Gold Mining, and Kirkland Lake Gold.
At Ascot's Big Missouri deposit, he led underground sampling protocols, grade tracking, and stope planning. At Kirkland Lake's Macassa and Taylor Mines, he was instrumental in ore control, face mapping, and production reconciliation.
"Mike's experience will be very helpful in establishing best-in-class grade control and optimizing early stopes as we move into production this summer," said Vig.
INSPECTIONS PASSED WITH FLYING COLOURS
As part of its final mine preparation, the Company successfully passed three separate government inspections, confirming operational readiness across critical areas:
• Electrical Inspection – Verifying compliance with site-wide above and underground power systems.
• Reclamation & Geoscience Inspection – Reviewing on-going geological reporting and reclamation progress.
• Ground Control & Health and Safety Inspection – Ensuring safe above and underground conditions and mining procedures.
"These clean inspections are a testament to the strength of our team and the standard of work being done at Dome Mountain," said Yannis Tsitos, Chair of the Company's mining committee.
CONSTRUCTOIN OF WATER TREATMENT PLANT COMPLETE
Construction of Blue Lagoon's water treatment system — a critical component of the Company's environmental compliance plan — is now complete and partially commissioned, as required under the Company's Mines Act permit.
The system consists of two integrated technologies: a High-Density Sludge (HDS) circuit, which is fully installed and operational, and a Moving Bed Biofilm Reactor (MBBR) , designed to treat ammonia and nitrates from blasting residues using a microbial process. The MBBR circuit has also been fully constructed and is about to undergo microbial activation — a biological ramp-up that typically takes 2 to 4 weeks.
Designed to meet all regulatory discharge standards, the plant is engineered to treat mine water efficiently and in full alignment with the Company's permit conditions. Blue Lagoon worked closely with Soren Jensen , the Company's principal environmental consultant from SRK Consulting. Mr. Jensen holds a master's degree in chemical engineering and has developed, designed, commissioned, and operated mine water treatment systems for mining operations for over 20 years, including similar treatment plants at other underground gold mines in Northern Canada.
Just as importantly, the Company collaborated closely with regulatory agencies and the Lake Babine Nation throughout the design and construction process to ensure the system meets both technical and community expectations.
With the construction of the water treatment system complete and regulatory milestones achieved, the Company is advancing mine development activities in accordance with its permit. Environmental monitoring will continue during the MBBR activation phase to ensure ongoing compliance as the system reaches full operational capacity.
This milestone represents a major step toward production readiness and reinforces Blue Lagoon's commitment to responsible, permit-driven development. The official mine opening is scheduled for July 9, 2025.
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
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June 26, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that it has been added to the CSE25 Index the Canadian Securities Exchange's benchmark index that tracks the top 25 issuers by market capitalization.
The CSE25 Index is a sub-index of the CSE Composite Index and includes the largest companies by market capitalization on the exchange. Inclusion in the index represents a significant achievement for Blue Lagoon, reflecting its growing market capitalization, strong shareholder support, and providing increased visibility among institutional investors.
"Being added to the CSE25 is a meaningful indication of the progress that we have made," said Rana Vig, President & CEO of Blue Lagoon Resources . "With a fully permitted project, funding in place, and gold production expected to begin this summer, our inclusion in the index is a reflection of both market confidence and the strength of our strategic execution."
This announcement comes on the heels of several recent achievements:
The Company received its final mining permit earlier this year, making it one of only nine such permits granted in British Columbia in the last decade.
The Company strengthened its relationship with its toll milling partner, Nicola Mining, by executing a $2 million line of credit agreement — reinforcing the strategic partnership while providing non-dilutive financial flexibility. Notably, the facility is unsecured and does not require any collateral against the Dome Mountain project.
The Company remains fully funded to first production, backed by long-term institutional and strategic investors including Crescat Capital, Phoenix Gold Fund, and Nicola Mining. This strong financial position is further supported by a recently completed financing of over $4.8 million and more than $3.6 million in-the-money warrants, offering additional non-dilutive capital potential.
"We are entering a new phase of growth," added Vig. "As a member of the CSE25, we look forward to reaching a broader audience of investors and continuing to create value as we move toward cash flow."
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.
Some have posited that the gold price may rise as high as US$4,000 or US$5,000 per ounce, and there are those who believe that US$10,000 gold or even US$40,000 gold could become a reality.
These impressive price predictions have investors wondering, what is gold's all-time high (ATH)?
In the past year, gold has reached new all-time highs dozens of times. Find out what has driven it to these levels, plus how the gold price has moved historically and what has impacted its performance in recent years.
Before discovering what the highest gold price ever was, it’s worth looking at how the precious metal is traded. Knowing the mechanics behind gold's historical moves can help illuminate why and how its price changes.
Gold bullion is traded in dollars and cents per ounce, with activity taking place worldwide at all hours, resulting in a live price. Investors trade gold in major commodities markets such as New York, London, Tokyo and Hong Kong.
London is seen as the center of physical precious metals trading, including for silver. The COMEX division of the New York Mercantile Exchange is home to most paper trading.
There are many popular ways to invest in gold. The first is through purchasing gold bullion products such as bullion bars, bullion coins and rounds. Physical gold is sold on the spot market, meaning that buyers pay a specific price per ounce for the metal and then have it delivered or stored in a secure facility. In some parts of the world, such as India, buying gold in the form of jewelry is the largest and most traditional route to investing in gold.
Another path to gold investment is paper trading, which is done through the gold futures market. Participants enter into gold futures contracts for the delivery of gold in the future at an agreed-upon price.
In such contracts, two positions can be taken: a long position under which delivery of the metal is accepted or a short position to provide delivery of the metal. Paper trading as a means to invest in gold can provide investors with the flexibility to liquidate assets that aren’t available to those who possess physical gold bullion.
One significant long-term advantage of trading in the paper market is that investors can benefit from gold’s safe-haven status without needing to store it. Furthermore, gold futures trading can offer more financial leverage in that it requires less capital than trading in the physical market. Investors can also purchase physical gold via the futures market, but the process is complicated and lengthy and comes with a large investment and additional costs.
Aside from those options, market participants can invest in gold through exchange-traded funds (ETFs). Investing in a gold ETF is similar to trading a gold stock on an exchange, and there are numerous gold ETF options to choose from depending on your preference. For instance, some ETFs focus solely on physical gold bullion, while others focus on gold futures contracts. Other gold ETFs center on gold-mining stocks or follow the gold spot price.
It is important to understand that you will not own any physical gold when investing in an ETF — in general, even a gold ETF that tracks physical gold cannot be redeemed for tangible metal.
Gold has an interesting relationship with the stock market. The two often move in sync during “risk-on periods” when investors are bullish. On the flip side, they tend to become inversely correlated in times of volatility.
According to the World Gold Council, gold's ability to decouple from the stock market during periods of stress makes it “unique amongst most hedges in the marketplace.” It is often during these times that gold outperforms the stock market. For that reason, it is often used as a portfolio diversifier to hedge against uncertainty.
There are a variety of options for investing in gold stocks, including gold-mining stocks on the TSX and ASX, gold juniors, precious metals royalty companies and gold stocks that pay dividends.
The gold price peaked at US$3,667.06, its all-time high, during trading on September 9, 2025.
What drove it to this new ATH? Gold reached its new highest price as momentum continued from the previous week, which brought the release of unexpectedly weak US jobs data.
Following the jobs report, CME Group's (NASDAQ:CME) FedWatch tool showed that the odds for a 25 basis point rate cut at the upcoming US Federal Reserve meeting had dropped from 99 to 90.2 percent, while the odds of a 50 point drop jumped to 9.8 percent. The meeting will take place from September 16 to 17.
While gold's fresh ATH came on September 8, it set multiple news highs in the two preceding weeks amid significant uncertainty in the US and global economies and surging gold ETF purchases.
One key driver came on August 29, when a US federal appeals court ruled that US President Donald Trump's "Liberation Day" tariffs, announced in April, are illegal, stating that only Congress has the power to enact widespread tariffs. The Trump administration is expected to appeal the ruling, which will go into effect on October 14.
Bond market turmoil in the US and abroad on September 2 also provided tailwinds for the gold price.
Gold's record-setting activity extends beyond the last two weeks as well.
Increased economic and geopolitical turmoil caused by the Trump administration has been a tailwind for gold this year, as well as a weakening US dollar, sticky inflation in the country and increased safe-haven gold demand.
Since coming into office in late January, Trump has threatened or enacted tariffs on many countries, including blanket tariffs on longtime US allies Canada and Mexico and tariffs on the EU.
Trump has also implemented 25 percent tariffs on all steel and aluminum imports.
The gold price set a string of new highs in the month of April amid high market volatility as markets reacted to tariff decisions from Trump and the escalating trade war between the US and China. By April 11, Trump had raised US tariffs on Chinese imports to 145 percent and China had raised its tariffs on US products to 125 percent. Trump has reiterated that the US may need to go through a period of economic pain to enter a new "golden age" of economic prosperity.
Falling markets and a declining US dollar have supported gold too, as well as increased buying from China. Elon Musk's call to audit the gold holdings in Fort Knox has also brought attention to the yellow metal.
Despite these recent runs, gold has seen its share of both peaks and troughs over the last decade. After remaining rangebound between US$1,100 and US$1,300 from 2014 to early 2019, gold pushed above US$1,500 in the second half of 2019 on a softer US dollar, rising geopolitical issues and a slowdown in economic growth.
Gold’s first breach of the significant US$2,000 price level in mid-2020 was due in large part to economic uncertainty caused by the COVID-19 pandemic. To break through that barrier and reach what was then a record high, the yellow metal added more than US$500, or 32 percent, to its value in the first eight months of 2020.
Gold price chart, August 31, 2020, to September 1, 2025.
Chart via the Investing News Network.
The gold price surpassed that level again in early 2022 as Russia's invasion of Ukraine collided with rising inflation around the world, increasing the allure of safe-haven assets and pulling the yellow metal up to a price of US$2,074.60 on March 8. However, it fell throughout the rest of 2022, dropping below US$1,650 in October.
Although it didn't quite reach the level of volatility as the previous year, the gold price experienced drastic price changes in 2023 on the back of banking instability, high interest rates and the breakout of war in the Middle East.
After central bank buying pushed the gold price up to the US$1,950.17 mark by the end of January, the Fed's 0.25 percent rate hike on February 1 sparked a retreat as the dollar and treasury yields saw gains. The precious metal went on to fall to its lowest price level of the year at US$1,809.87 on February 23.
The banking crisis that hit the US in early March caused a domino effect through the global financial system and led to the mid-March collapse of Credit Suisse, Switzerland’s second-largest bank. The gold price had jumped to US$1,989.13 by March 15. The continued fallout in the global banking system throughout the second quarter of the year allowed gold to break above US$2,000 on April 3, and go on to flirt with a near-record high of US$2,049.92 on May 3.
Those gains were tempered by the Fed’s ongoing rate hikes and improvements in the banking sector, resulting in a downward trend in the gold price throughout the remainder of the second quarter and throughout Q3. By October 4, gold had fallen to a low of US$1,820.01 and analysts expected the precious metal to drop below US$1,800.
That was before the October 7 attacks by Hamas on Israel ignited legitimate fears of a much larger conflict erupting in the Middle East. Reacting to those fears, and to rising expectations that the Fed would begin to reverse course on interest rates, gold broke through the important psychological level of US$2,000 and closed at US$2,007.08 on October 27. As the fighting intensified, gold reached a then-new high of US$2,152.30 in intraday trading on December 3.
That robust momentum in the spot gold price continued into 2024, chasing new highs on fears of a looming US recession, the promise of Fed rate cuts on the horizon, the worsening conflict in the Middle East and the tumultuous US presidential election year. By mid-March, gold was pushing up against the US$2,200 level.
That record-setting momentum continued into the second quarter of 2024, when gold broke through US$2,400 in mid-April on strong central bank buying, sovereign debt concerns in China and investors expecting the Fed to start cutting interest rates. The precious metal went on to hit US$2,450.05 on May 20.
Throughout the summer, the hits kept on coming.
The global macro environment was highly bullish for gold leading up to the US election. Following the failed assassination attempt on Trump and a statement about coming rate cuts by Fed Chair Jerome Powell, the gold spot price hit a then new all-time high on July 16 at US$2,469.30. One week later, news that then-President Joe Biden would not seek re-election and would instead pass the baton to Vice President Kamala Harris eased some of the tension in the stock market and strengthened the US dollar. This also pushed the price of gold down to US$2,387.99 on July 22, 2024.
However, the bullish factors supporting gold remained in play, and the spot price for gold went on to breach US$2,500 on August 2 that year on a less-than-stellar US jobs report; it closed just above the US$2,440 level. A few weeks later, gold pushed past US$2,500 once again on August 16, closing above that level for the first time ever after the US Department of Commerce released data showing a fifth consecutive monthly decrease in a row for homebuilding.
The news that the Chinese government issued new gold import quotas to banks in the country following a two month pause also helped fuel the gold price rally. Central bank gold buying has been a significant tailwind for the gold price this year, and China's central bank has been one of the strongest buyers.
Market watchers expected the Fed to cut interest rates by a quarter point at its September 2024 meeting, but news on September 12 that the regulators were still deciding between the expected cut or a larger half-point cut led the gold price on a rally that carried through into the next day, bringing the metal near US$2,600.
At the September 18 Fed meeting, the committee ultimately made the decision to cut rates by half a point, news that sent gold even higher. By September 20, it had moved above US$2,600 and was holding above US$2,620.
In October 2024, gold first breached the US$2,700 level and continued to higher on a variety of factors, including further rate cuts and economic data anticipation, the escalating conflict in the Middle East between Israel and Hezbollah, and economic stimulus in China — not to mention the very close race between the US presidential candidates.
While the gold price fell following Trump's win in early November and largely held under US$2,700 through the end of the year, it began trending upward in 2025 to the new all-time high discussed earlier in the article.
What's next for the gold price is never an easy call to make. There are many factors to consider, but some of the most prevalent long-term drivers include economic expansion, market risk, opportunity cost and momentum.
Economic expansion is one of the primary gold price contributors as it facilitates demand growth in several categories, including jewelry, technology and investment. As the World Gold Council explains, “This is particularly true in developing economies where gold is often used as a luxury item and a means to preserve wealth.”
Market risk is also a prime catalyst for gold values as investors view the precious metal as the “ultimate safe haven,” and a hedge against currency depreciation, inflation and other systemic risks.
Going forward, in addition to the Fed, inflation and geopolitical events, experts will be looking for cues from factors like supply and demand. In terms of supply, the world’s five top gold producers are China, Australia, Russia, Canada and the US. The consensus in the gold market is that major miners have not spent enough on gold exploration in recent years. Gold mine production has fallen from around 3,200 to 3,300 metric tons (MT) each year between 2018 and 2020 to around 3,000 to 3,100 MT each year between 2021 and 2023.
On the demand side, China and India are the biggest buyers of physical gold, and are in a perpetual fight for the title of world’s largest gold consumer. That said, it's worth noting that the last few years have brought a big rebound in central bank gold buying, which dropped to a record low in 2020, but reached a 55 year high of 1,136 MT in 2022.
World Gold Council data shows 2024 central bank gold purchases came to 1,044.6 MT, marking the third year in a row above 1,000 MT. In H1 2025, the organization says gold purchases from central banks reached 415.1 MT.
“I expect the Fed’s rate-cutting cycle to be good for gold, but central bank buying has been and remains a major factor," Lobo Tiggre, CEO of IndependentSpeculator.com, told the Investing News Network (INN) at the start of Q4 2024.
David Barrett, CEO of the UK division of global brokerage firm EBC Financial Group, is also keeping an eye on central bank purchases of gold. “I still see the global central bank buying as the main driver — as it has been over the last 15 years,” the expert said in an email to INN. "This demand removes supply from the market. They are the ultimate buy-and-hold participants and they have been buying massive amounts."
In addition to central bank moves, analysts are also watching escalating tensions in the Middle East, a weakening US dollar, declining bond yields and further interest rate cuts as factors that could push gold higher as investors look to secure their portfolios. “When it comes to outside factors that affect the market, it’s just tailwind after tailwind after tailwind. So I don’t really see the trend changing,” said Eric Coffin of Hard Rock Analyst.
Randy Smallwood of Wheaton Precious Metals (TSX:WPM,NYSE:WPM) told INN in March 2025 that gold is seeing support from many factors, including central bank buying, nervousness around the US dollar and stronger institutional interest. Smallwood is seeing an influx of fund managers wanting to learn about precious metals.
Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, believes that market risk and uncertainty surrounding tariffs and continued demand from central banks are the main drivers of gold.
"Market risk in particular is a key strategic driver for the gold price and performance," Cavatoni told INN in a July 2025 interview. "Think strategically when you think about gold, and keep that allocation in mind."
Check out more of INN's interviews to find out what experts have said about the gold price during its 2025 bull run and where it could go next.
It’s important for investors to be aware that gold price manipulation is a hot topic in the industry.
In 2011, when gold hit what was then a record high, it dropped swiftly in just a few short years. This decline after three years of impressive gains led many in the gold sector to cry foul and point to manipulation.
Early in 2015, 10 banks were hit in a US probe on precious metals manipulation.
Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the Bank of Nova Scotia (TSX:BNS,NYSE:BNS and other firms were involved in rigging gold and silver rates in the market from 2007 to 2013. Not long after, the long-running London gold fix was replaced by the LBMA gold price in a bid to increase gold price transparency. The twice-a-day process, operated by the ICE Benchmark Administration, still involves a variety of banks collaborating to set the gold price, but the system is now electronic.
Still, manipulation has by no means been eradicated, as a 2020 fine on JPMorgan Chase & Co. (NYSE:JPM) shows. The next year, chat logs were released in a spoofing trial for two former precious metals traders from the Bank of America's (NYSE:BAC) Merrill Lynch unit. They show a trader bragging about how easy it is to manipulate the gold price.
Gold market participants have consistently spoken out about manipulation. In mid-2020, Chris Marcus, founder of Arcadia Economics and author of the book “The Big Silver Short,” said that when gold fell back below the US$2,000 mark after hitting close to US$2,070, he saw similarities to what happened with the gold price in 2011.
Marcus has been following the gold and silver markets with a focus specifically on price manipulation for nearly a decade. His advice? “Trust your gut. I believe we’re witnessing the ultimate ’emperor’s really naked’ moment. This isn’t complex financial analysis. Sometimes I think of it as the greatest hypnotic thought experiment in history.”
While we have the answer to what the highest gold price ever is as of now, it remains to be seen how high gold can climb, and if the precious metal can reach as high as US$5,000, US$10,000 or even US$40,000.
Even so, many market participants believe gold is a must have in any investment profile, and there is little doubt investors will continue to see gold price action making headlines this year and beyond.
This is an updated version of an article first published by the Investing News Network in 2020.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Central to this ongoing situation is the US trade war with China, as well as US sanctions on China and Russia. Should the BRICS nations establish a new reserve currency, it would likely significantly impact the US dollar, potentially leading to a decline in demand, or what's known as de-dollarization. In turn, this would have implications for the United States and global economies.
Another factor is former US president Donald Trump returning for a second term beginning on January 20. Trump's America-first policies are expected to drive up the value of the dollar compared to its global counterparts, as was already on display the day following his election win on November 5 as China's yuan, Russia's ruble, Brazil's real, India's rupee and South Africa's rand all fell. This could in turn push these BRICS member nations to look for new paths to move away from the US dollar.
If BRICS watchers were hoping for more fireworks at the 2025 BRICS meeting held in Brazil this July, they were sorely disappointed. Russian President Vladimir Putin and Chinese President Xi Jinping were not in attendance, and talk of a BRICS currency was much more muted. On top of this, according to Modern Diplomacy, that topic may be even less of a concern at next year's BRICS meeting to be held in India, which has sought to distance itself from a move away from the US dollar toward a BRICS common currency.
It's still too hard to predict if and when a BRICS currency will be released, but it's a good time to look at the potential for a BRICS currency and its possible implications for investors.
The BRICS nations have a slew of reasons for wanting to set up a new currency, including recent global financial challenges and aggressive US foreign policies. They want to better serve their own economic interests while reducing global dependence on the US dollar and the euro.
In recent years, the US has placed numerous sanctions on Russia and Iran. The two countries are working together to bring about a BRICS currency that would negate the economic impacts of such restrictions, according to Iranian Ambassador to Russia Kazem Jalal, speaking at a press conference during the Russia–Islamic World: KazanForum in May 2024.
Some experts believe that a BRICS currency is a flawed idea, as it would unite countries with very different economies. There are also concerns that non-Chinese members might increase their dependence on China's yuan instead. That said, when Russia demanded in October 2023 that India pay for oil in yuan as Russia is struggling to use its excess supply of rupees, India refused to use anything other than the US dollar or rupees to pay.
There's no definitive launch date as of yet, but the countries' leaders have discussed the possibility at length.
Looking back at the timeline of BRICS currency discussions, during the 14th BRICS Summit, held in mid-2022, Russian President Vladimir Putin said the BRICS countries plan to issue a "new global reserve currency," and are ready to work openly with all fair trade partners.
In April 2023, Brazilian President Luiz Inacio Lula da Silva showed support for a BRICS currency, commenting, “Why can’t an institution like the BRICS bank have a currency to finance trade relations between Brazil and China, between Brazil and all the other BRICS countries? Who decided that the dollar was the (trade) currency after the end of gold parity?”
In the lead up to the 2023 BRICS Summit, there was speculation that an announcement of such a currency could be on the table. This proved to be wishful thinking, however.
"The development of anything alternative is more a medium to long term ambition. There is no suggestion right now to creates a BRICS currency," Leslie Maasdorp, CFO of the New Development Bank, told Bloomberg at the time. The bank represents the BRICS bloc.
Government officials in Brazil, which took the rotating presidency of the BRICS group for 2025, have said there are no plans to take any significant steps toward a BRICS currency. However, measures to reduce the reliance on the US dollar are very much on the table with cross-border payment systems, including exploring blockchain technology, a major theme at the 2025 BRICS summit, reported Reuters.
As for 2026, the BRICS Summit will be held in India, which earlier this year distanced itself from the idea of a move away from the US dollar.
Speaking at an event in London in March 2025, India's External Affairs Minister S. Jaishankar stated, "I don't think there's any policy on our part to replace the dollar. The dollar as the reserve currency is the source of global economic stability, and right now what we want in the world is more economic stability, not less. I don't think there's a unified BRICS position on this. I think BRICS members, and now that we have more members, have very diverse positions on this matter."
As of 2025, there are 10 BRICS member nations: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.
The group was originally composed of the four nations Brazil, Russia, India and China and named BRIC, which it changed to BRICS when South Africa joined in 2010.
At the 2023 BRICS Summit, six countries were invited to become BRICS members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE). All but Argentina and Saudi Arabia officially joined the alliance in January 2024, and in 2025, Indonesia became the 10th full member of BRICS.
Additionally, at the 2024 BRICS Summit, 13 nations signed on as BRICS partner countries, which are not yet full-fledged members: Algeria, Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Vietnam and Uzbekistan.
The expanded group of 10 full member countries is sometimes referred to as BRICS+, although BRICS's name hasn't officially changed.
A new currency could have several benefits for the BRICS countries, including more efficient cross-border transactions and increased financial inclusion. By leveraging blockchain technology, digital currencies and smart contracts, the currency could revolutionize the global financial system. Thanks to seamless cross-border payments, it could also promote trade and economic integration among the BRICS nations and beyond.
A new BRICS currency would also:
US President Donald Trump has not been shy about upping the ante on American protectionism with his plans to slap tariffs on imported goods beginning this year. During the first US Presidential Debate between him and Vice President Kamala Harris on September 10 last year, Trump doubled down on his pledge to punish BRICS nations with strict tariffs if they seek to move away from the US dollar as the global currency.
He originally took a particularly strong stance against China, threatening to implement 60 percent to 100 percent tariffs on Chinese imports, although these hefty tariffs would be paid by American companies and consumers purchasing Chinese products, not by China itself.
In early December, Trump posted an even more direct threat to BRICS nations on the social media platform Truth Social. “We require a commitment from these countries that they will neither create a new Brics currency nor back any other currency to replace the mighty US dollar or they will face 100% tariffs and should expect to say goodbye to selling into the wonderful US economy,” he wrote.
In response to Trump demanding a "commitment" from BRICS nations not to challenge the supremacy of the US dollar, Kremlin spokesperson Dmitry Peskov sounded less than threatened.
"More and more countries are switching to the use of national currencies in their trade and foreign economic activities," Peskov said, per Reuters. "If the U.S. uses force, as they say economic force, to compel countries to use the dollar it will further strengthen the trend of switching to national currencies (in international trade)."
If US President Donald Trump were to come through on his promise to enact 100 percent tariffs on BRICS nations the outcome could prove costly for all parties involved. “The action would result in slower growth and higher inflation than otherwise in the US and most of the targeted economies,” according to analysis by the Peterson Institute for International Economics.
Of all the BRICS member nations, China would likely experience the worst slowing of its GDP growth as the United States is its largest trading partner. One silver lining for China is that its disciplined central bank will help to save it from accelerated inflation.
Trump’s 50 percent tariffs on steel and aluminum imports set on June 3, 2025, will impact Brazil and China as well as the UAE. Brazil ranks in the top three sources for US steel imports, while China and the UAE represent significant sources of US aluminum imports.
In late July, Brazil was also saddled with a 50 percent tariff on a broader range of goods, which US President Donald Trump inflicted on the nation in response to the trial of former President Jair Bolsonaro for his alleged coup attempt.
Trump’s tariffs could have a significant impact on Brazil’s economy, the largest in Latin America. However, most of the key trading sectors between the two nations are exempt from the tariff, including “civil aircraft, pig iron, precious metals, wood pulp, energy and fertilizers,” states Reuters.
India is another BRICS nation facing 50 percent tariffs. The sectors targeted span from textiles, garments and footwear to food, leather goods, gems and automobiles. Key industries such as pharmaceuticals and computer chips.
One of the major sticking points for the Trump administration is India continuing to purchase Russian oil. India and China represent the two largest buyers of Russian oil; however, the US has yet to punish China for purchasing oil from the Russian Federation.
Although China represents the United States’ biggest economic rival on the global stage, Trump hit the pause button on the escalating tariff war between the two nations until November 10, 2025. In the meantime, the US's 30 percent tariff on Chinese goods remains in place. Negotiations are underway, including on a proposed 245 percent tariff on Chinese electric vehicle imports.
In July, the Trump Administration imposed 30 percent tariffs on South Africa, the United States’ second biggest trading partner. The African nation's agriculture, mining and manufacturing sector are at significant risk from the tariffs, but there are exceptions in place for “copper, pharmaceuticals, semiconductors, some critical minerals, stainless steel scrap and energy products,” reports the BBC.
Brazil President Luiz Inacio Lula da Silva convened an online BRICS summit on September 8, 2025, to address the threat of US trade policies and tariffs to member nations.
“Tariff blackmail is being normalized as an instrument to seize markets and interfere in domestic affairs,” stated President Lula, according to a prepared statement from the Brazilian government, Bloomberg reported. “Our countries have become victims of unjustified and illegal trade practices.”
Both Lula and China President Xi Jinping called upon their BRICS peers to stand together and push back against unfair trade practices, and strengthen trade and cooperation between member nations.
However, the South China Morning Post reports that summit attendees fell short of directly criticizing US President Donald Trump in a bid not to further stoke his ire. That may also be why most BRICS members are trying to negotiate with the US rather than fight back with retaliatory tariffs.
Critics have suggested Trump’s tariffs are having the undesirable effect of driving major trading partners like Brazil, India and South Africa further into the arms of US rivals China and Russia.
While currently only 9 percent of China’s exports are to other BRICS members, according to Reuters, trade between China and Russia reached a record US$244.8 billion in 2024. In addition, China is Brazil’s largest trading partner, importing 70 percent of its soybeans from the Latin American country. In fact, 28 percent of Brazil’s total exports go to China and 24 percent of its imports are from China.
Trade relations between the BRICS nations may grow stronger as they seek to mitigate the economic impact of US tariffs.
RomanR / Shutterstock
For decades, the US dollar has enjoyed unparalleled dominance as the world's leading reserve currency. According to the US Federal Reserve, between 1999 and 2019, the dollar was used in 96 percent of international trade invoicing in the Americas, 74 percent in the Asia-Pacific region and 79 percent in the rest of the world.
According to the Atlantic Council, the US dollar is used in approximately 88 percent of currency exchanges, and 59 percent of all foreign currency reserves held by central banks. Due to its status as the most widely used currency for conversion and its use as a benchmark in the forex market, almost all central banks worldwide hold dollars. Additionally, the dollar is used for the vast majority of oil trades.
Although the dollar's reserve currency share has decreased as the euro and yen have gained popularity, the dollar is still the most widely used reserve currency, followed by the euro, the yen, the pound and the yuan.
The potential impact of a new BRICS currency on the US dollar remains uncertain, with experts debating its potential to challenge the dollar's dominance. However, if a new BRICS currency was to stabilize against the dollar, it could weaken the power of US sanctions, leading to a further decline in the dollar's value. It could also cause an economic crisis affecting American households. Aside from that, this new currency could accelerate the trend toward de-dollarization.
Nations worldwide are seeking alternatives to the US dollar, with examples being China and Russia trading in their own currencies, and countries like India, Kenya and Malaysia advocating for de-dollarization or signing agreements with other nations to trade in local currencies or alternative benchmarks.
While it is unclear whether a new BRICS currency would inspire the creation of other US dollar alternatives, the possibility of challenging the dollar's dominance as a reserve currency remains. And as countries continue to diversify their reserve holdings, the US dollar could face increasing competition from emerging currencies, potentially altering the balance of power in global markets.
However, a study by the Atlantic Council's GeoEconomics Center released in June 2024 shows that the US dollar is far from being dethroned as the world's primary reserve currency.
"The group's 'Dollar Dominance Monitor' said the dollar continued to dominate foreign reserve holdings, trade invoicing, and currency transactions globally and its role as the primary global reserve currency was secure in the near and medium term," Reuters reported.
Warwick J. McKibbin and Marcus Noland of the Peterson Institute for International Economics agree with this sentiment, writing in their analysis of the impacts of US tariffs on BRICS nations that "the BRICS pose no serious threat to the dollar’s dominance."
Ultimately, the impact of a new BRICS currency on the US dollar will depend on its adoption, its perceived stability and the extent to which it can offer a viable alternative to the dollar's longstanding hegemony.
BRICS nations do not as of yet have their own specific digital currency, but a BRICS blockchain-based payment system is in the works, according to Kremlin aide Yury Ushakov in March 2024. Known as the BRICS Bridge multisided payment platform, it would connect member states' financial systems using payment gateways for settlements in central bank digital currencies.
The planned system would serve as an alternative to the current international cross-border payment platform, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system, which is dominated by US dollars.
“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain. The main thing is to make sure it is convenient for governments, common people and businesses, as well as cost-effective and free of politics,” Ushakov said in an interview with Russian news agency TASS.
Another dollar-alternative digital currency cross-border payment system in the works is Project mBridge, under development via a collaboration between the Hong Kong Monetary Authority, the Bank of Thailand, the Digital Currency Institute of the People's Bank of China and the Central Bank of the UAE. Saudi Arabia has also recently decided to join the project. The central bank digital currencies traded on the platform would be backed by gold and local currencies minted in member nations.
In June 2024, Forbes reported that the mBridge platform had reached a significant milestone by completing its minimal viable product stage (MVP). The MVP platform can undertake real-value transactions (subject to jurisdictional preparedness) and is compatible with the Ethereum Virtual Machine (EVM), a decentralized virtual environment that executes code consistently and securely across all Ethereum nodes," stated the publication. "MVP thus is suitable as a testbed for new use cases and interoperability with other platforms."
In a recent interview with the Investing News Network, Andy Schectman, president of Miles Franklin, explained how Project mBridge relates to the BRICS Unit.
Watch the full interview with Schectman.
"(New Development Bank President Dilma Rousseff) came out and publicly said that there has been an agreement in principle to use a new settlement currency called the Unit, which will be backed 40 percent by gold and 60 percent by the local currencies in the BRICS union — the BRICS+ countries. That gold will be in the form of kilo bars and will be deliverable or redeemable for those entities," Schectman said.
"The basket of gold and the basket of currencies will be minted in the member countries ... it will be put into an escrow account, taken off the ledger so to speak — off of their balance sheet and put onto the mBridge ledger, and held in an escrow account in their own borders. It doesn't need to be sent to a central authority."
A potential shift toward a new BRICS currency could have significant implications for the North American economy and investors operating within it. Some of the most affected sectors and industries would include:
A new BRICS currency would also introduce new trading pairs, alter currency correlations and increase market volatility, requiring investors to adapt their strategies accordingly.
Adjusting a portfolio in response to emerging BRICS currency trends may be a challenge for investors. While it does not currently seem like a BRICS currency is on the immediate horizon, Trump's aggressive trade tactics have pushed allies away from the US, making diversification important.
Several strategies can be adopted to capitalize on these trends and diversify your portfolio:
Prudent investors will also weigh these strategies against their exposure to market, political and currency fluctuations.
In terms of investment vehicles, investors could consider ETFs such as the iShares MSCI BIC ETF (ARCA:BKF) or the Pacer Emerging Markets Cash COW 100 ETF (NASDAQ:ECOW). They could also invest in mutual funds such as the T. Rowe Price Emerging Markets Equity Fund, or in individual companies within the BRICS countries.
Simply put, preparing for a new BRICS currency or potential de-dollarization requires careful research and due diligence by investors. Diversifying currency exposure, and investing in commodities, equity markets or alternative investments are possible options to consider while being mindful of the associated risks.
While it is not certain whether the creation of a BRICS reserve currency will come to pass, its emergence would pose significant implications for the global economy and potentially challenge the US dollar's dominance as the primary reserve currency. This development would present unique investment opportunities, while introducing risks to existing investments as the shifting landscape alters monetary policy and exacerbates geopolitical tensions.
For those reasons, investors should closely monitor the progress of a possible BRICS currency. And, if the bloc does eventually create one, it will be important watch the currency's impact on BRICS member economies and the broader global market. Staying vigilant will help investors to capitalize on growth prospects and hedge against potential risks.
Some financial analysts point to the creation of the euro in 1999 as proof that a BRICS currency may be possible. However, this would require years of preparation, the establishment of a new central bank and an agreement between the five nations to phase out their own sovereign currencies; it would most likely also need the support of the International Monetary Fund to be successful internationally.
The impact of its war on Ukraine will continue to weaken Russia's economy and the value of the ruble, and China is intent on raising the power of the yuan internationally. There is also a wide chasm of economic disparity between China and other BRICS nations. These are no small obstacles to overcome.
While Russian President Vladimir Putin has suggested hard assets such as gold or oil, a new BRICS currency would likely be backed by a basket of the bloc's currencies. However, this basket could potentially contain gold as well, as Andy Schectman explained to INN.
Additionally, speaking at this year's New Orleans Investment Conference, well-known author Jim Rickards gave a detailed talk on how a gold-backed BRICS currency could work. He suggested that if a BRICS currency unit is worth 1 ounce of gold and the gold price goes to US$3,000 per ounce, the BRICS currency unit would be worth US$3,000, while the dollar would lose value compared to the BRICS currency as measured by the weight of gold.
Importantly though, he doesn't see this as a new gold standard, or the end of the US dollar or the euro.
“(With) a real gold standard, you can take the currency and go to any one of the central banks and get some gold,” Rickards said at the event. “With BRICS they don’t have to own any gold, they don’t have to buy any gold, they don’t have to prop up the price. They can just rise on the dollar gold market."
The combined central bank gold holdings of the original BRICS nations plus Egypt (the only nation of the five new additions to have central bank gold reserves) accounts for more than 20 percent of all the gold held in the world's central banks. Russia, India and China rank in the top 10 for central bank gold holdings.
Russia controls 2,335.85 metric tons (MT) of the yellow metal, making it the fifth largest for central bank gold reserves. China follows in the sixth spot with 2,298.53 MT of gold and India places eighth with 879.98 MT. Brazil and South Africa's central bank gold holdings are much smaller, coming in at 129.65 MT and 125.47 MT, respectively. New BRICS member Egypt's gold holdings are equally small, at 128.54 MT.
This is an updated version of an article originally published by the Investing News Network in 2023.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
