While the Bears Hibernate, the Yukon Bulls Accumulate
Why the Yukon’s frozen winter could be the hottest buying window in gold for 2026
Gold is trading north of $4,200 an ounce, central banks are hoarding the metal at record speed, and the Yukon Territory is quietly positioning itself for what could be the most profitable exploration cycle in a generation. The catch? The drills won’t spin again until the snow melts in May. For patient investors, that five-month pause isn’t a problem, it’s the opportunity.
As of early December 2025, spot gold has rocketed more than 55% year-to-date. Goldman Sachs, the World Gold Council, and a chorus of bullion banks are calling for averages between $4,300 and $4,700 through 2026, with upside scenarios touching $5,000 if the Federal Reserve delivers the two additional rate cuts currently baked into the curve. Every new ounce discovered in the ground is suddenly worth dramatically more than it was twelve months ago.
The Yukon is delivering those ounces in bulk. Banyan Gold Corp. (TSX-V: BYN | OTCQB: BYAGF) wrapped up a 42,700-metre campaign this fall and now controls 7.7 million ounces in all categories at its road-accessible AurMac project, just 40 minutes from the village of Mayo. White Gold Corp. (TSX-V: WGO | OTCQX: WHGOF) boosted indicated resources at its flagship White Gold project by 44% to 1.73 million ounces in an October update, with Kinross Gold still holding a strategic stake. Snowline Gold Corp. (TSX-V: SGD | OTCQB: SNWGF) continues to report eye-popping high-grade intercepts at its Rogue project, prompting comparisons to a potential new reduced-intrusion gold district.

