Morning Briefing: Treasury Yields Surge, Collective Mining Hits a New Tungsten-Gold Zone

Rising Treasury yields (10-year at 5.11%) pressure gold even as junior miners report multiple high-grade drill hits outside current resources.

• Yields hit gold: The 10-year U.S. Treasury yield climbed to 5.11% after strong S&P Global Flash PMI data, pressuring gold, which is still up 10% for the month at $4,120.
• Collective Mining's new zone: Hole APC150-D4 returned 8.15 metres at 14.82 g/t AuEq in a tungsten-gold schist zone ~680 metres below the shallow tungsten zone, largely untested; hole APC-171D hit 1.15 metres at 57.98 g/t AuEq.

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