Gold and the Olympics

In Milan and Cortina, athletes will compete for gold, silver, and bronze medals. The medals were produced sustainably.

Advertisement/Advertising – This article is distributed on behalf of Sierra Madre Gold and Silver Ltd. and Fortuna Mining Corp., with which SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: February 16, 2026, 2:55 p.m. Zurich/Berlin

With gold and silver prices having risen so dramatically, it is worth taking a closer look at the medals. The composition of the medals is based on a long-standing formula. The gold medal consists of a silver base with a thin layer of gold. It must contain at least six grams of fine gold, and the silver must have a purity of around 92.5 percent. This means that the gold medal contains only a little over one percent of its total weight in gold. The runner-up receives pure silver, and the third-place finisher receives bronze on a copper base.

Since a troy ounce of gold costs around US$5,000, the gold content is worth a few hundred US dollars. However, the price of silver, which has risen by around 150 percent in the past twelve months, significantly increases the value of the silver and gold medals. For the Olympic Games (including the Paralympic Games), around 382 kilograms of silver (approximately 12,280 ounces) were needed for the 1,146 medals. 73 troy ounces of gold were processed. The bronze medals consumed approximately 153 kilograms of copper alloy. Everything was made from recycled materials and renewable energy.

Despite the current fluctuations in silver and gold prices, the long-term trend for precious metals is undeniably upward. US shutdown issues are a reminder of the enormous US national debt, a factor that drives the price of gold. Added to this are ongoing economic and geopolitical turmoil, inflation fears, and de-dollarization. As a result, many analysts, such as those at BMO Capital Markets, are betting on a rising gold price. They have revised their price forecasts for gold and silver upwards, which is also good news for gold companies.

Sierra Madre Gold and Silver – https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver-ltd/ – successfully started production at its Guitarra project (gold and silver) in Mexico at the beginning of the year. The focus is now on increasing production and minimizing costs. The company recently made a second silver mine acquisition in Mexico, which includes three fully approved underground mines and a flotation plant.

Fortuna Mining – https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ – is a successful gold and silver producer with mines in West Africa and Latin America. In the third quarter of 2025, more than 72,000 ounces of gold were produced. The mine in Senegal is scoring very good drilling results, with a construction decision expected in the second quarter of 2026.

Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -) and Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -).

Further information is also available in our new precious metals report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

Sources:

https://www.kitco.com/news/article/2025-09-30/gold-going-mainstream-above-4000-investors-hedge-against-rising-sovereign;

https://www.kitco.com/news/article/2026-02-13/silver-outshines-gold-2026-winter-olympics;

https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer’s stake in SRC ≥ 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly draw attention to the risks involved in securities trading. No liability can be accepted for any damage arising from the use of this blog. We would like to point out that shares and, in particular, warrant investments are generally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the accuracy of all content. Despite the utmost care, I expressly reserve the right to errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but does not claim to be accurate or complete. Due to court rulings, the content of linked external sites is also our responsibility (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 – 312 O 85/98), as long as we do not expressly distance ourselves from them. Despite careful content control, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of SRC swiss resource capital AG, which is available at https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.