Tavi Costa: Gold Price Takes a Hit — 3 Reasons Why, What's Next
Nov 2, 2026 12:55PM PST
Tavi Costa of Azuria Capital also explains why the setup for gold and silver is more appealing than that of copper.
Tavi Costa of Azuria Capital also explains why the setup for gold and silver is more appealing than that of copper.

Advancing a near-infrastructure nickel-copper-cobalt discovery in Québec

Leveraging gold abundance and critical metals exposure in the Abitibi region
Cascadia Minerals offers investors exposure to a compelling combination of near-term development potential and district-scale exploration upside, supported by strategic backing from Agnico Eagle Mines Limited.
Copper and gold are among the biggest commodities in 2026, with reports saying that they will remain supported despite rising oil prices this year and beyond.
Cascadia Minerals, a Canadian junior mining company, is focused on the exploration and development of copper and gold assets in the Yukon Territory.
The company is advancing a portfolio that combines a resource-stage development asset with multiple earlier-stage exploration projects targeting large-scale copper-gold systems.
The company’s strategy focuses on advancing its flagship 180 km2 Carmacks project toward development while pursuing new discoveries across its significant land package. Its exploration focus is on the Stikine Terrane in Yukon, a geologic extension of British Columbia’s prolific Golden Triangle, where the company is systematically identifying and testing new copper-gold targets.
Recently, Cascadia entered a multi-year strategic alliance with Agnico Eagle for the identification and advancement of gold-copper exploration properties in the Stikine Terrane.
The company is targeting an updated resource for its Carmacks project in 2027, followed by a pre-feasibility study in 2028.

The Carmacks project is Cascadia’s flagship, advanced-stage copper-gold asset located in central Yukon. The project hosts a mineral resource of approximately 650 million pounds of copper and over 300,000 ounces of gold and is supported by a positive preliminary economic assessment completed in 2023.
The 180 square kilometer project benefits from favorable infrastructure, including existing road access and close proximity to power. The project is located 40 km from the past-producing Minto Mine, which is being evaluated for a return to production by Selkirk Copper Mines.
The 2026 exploration program at Carmacks is fully funded and has expanded from 15,000 meters to 18,000 meters of diamond drilling. This is the largest diamond drill program on the property since 2007. It has returned up to 82.69 meters of 1.12 percent copper with 0.64 g/t gold so far, with drilling now underway at multiple zones.
Ongoing exploration is focused on expanding sulphide mineralization and enhancing project economics through additional resource definition. Drilling in 2026 has completed a total of 26 holes comprising 13,106 meters as of September 1st. Engineering, metallurgical and baseline environmental work is also being undertaken to support initiating a pre-feasibility study in 2028.
Agnico Eagle Strategic Exploration Alliance
Graham Downs has over 30 years of experience in mineral exploration, beginning his career with Archer, Cathro & Associates (1981) in Yukon, where he worked across prospecting and both early- and advanced-stage exploration programs. In 2007, he was appointed CEO of ATAC Resources, later becoming president in 2015 and director in 2022, where he helped guide the company’s exploration and growth strategy. Over his career, he has raised more than $100 million for mineral exploration and completed numerous transactions across the junior and major mining sectors.
A Professional Engineer registered in British Columbia and Yukon, Carne has worked continuously in the mineral exploration and development industry in Canada since 2012. He gained experience across both technical and project execution roles, previously working with ATAC Resources Ltd. and Archer Cathro & Associates (1981) Limited, a geological consulting firm. He has also served as Vice President of the Yukon Chamber of Mines since 2018.
Dr. Hawkins is an economic geologist with over 20 years of experience in copper and critical minerals exploration, specializing in integrating structural geology, geochemistry, and geophysics to develop and test robust exploration models. He has led multidisciplinary exploration teams across northern Canada and international jurisdictions, contributing to programs ranging from early-stage generative work through to resource definition drilling.
With over 20 years of experience in environmental science and management, Stuart Van Bibber has provided senior level technical expertise related to mining, reclamation and closure activities and First Nations consultation. He has worked on behalf of First Nations governments, First Nations Development Corporations, Territorial government, private sector, and industry in the Yukon. He also previously held roles at companies such as ERM Consultants Canada and is currently a sitting member of the Yukon Mineral Advisory Board.