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Gold's Discovery Deficit Just Hit a Record; Here's What Comes Next

Newswire.ca - Fri May 8, 10:05AM CDT

Issued on behalf of Golden Goose Resources Corp.

USANewsGroup.com Commentary

VANCOUVER, BC, May 8, 2026 /CNW/ -- Half of every exploration dollar on Earth now goes to gold, and almost none of it is chasing new discoveries[1]. Gold budgets jumped 11% to $6.15 billion last year, yet grassroots exploration, the early stage fieldwork that actually finds the next deposit, sank to just 21% of global spending, the lowest level ever recorded[2]. Majors are spending record sums to squeeze extra life out of aging mines while the discovery pipeline quietly drains. That structural gap between where the money is going and where the next ounces will come from is creating a pivotal window for companies still doing the foundational geology: Golden Goose Resources (CSE: GGR) (OTCQB: GGRFF), Amex Exploration (TSXV: AMX) (OTCQX: AMXEF), Gold X2 Mining (TSXV: AUXX) (OTCQB: GSHRF), Precipitate Gold (TSXV: PRG) (OTCQB: PREIF), and Great Pacific Gold (TSXV: GPAC) (OTCQX: GPGCF).

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