Galway Metals Gold Exploration Stock Important Update
The Gold Bull Jul 18, 2026
Summary
Galway Metals' Clarence Stream resource now holds 2.7 million ounces of gold at 1.5 g/t (grams per tonne), almost all open-pittable (mineable from surface).
The stock fell about 20% on the update's release into a falling gold price, then recovered most of the loss.
Peer White Gold holds 3 million ounces at a similar grade yet carries a $346 million market cap versus Galway's $65 million.
That gap is why the speaker argues Galway looks undervalued, with upcoming drill results and a preliminary economic assessment (a first-pass economics study) as catalysts.
A joint venture lets Dowa, a Japanese smelter operator, earn 45% of the Estrades zinc project by spending $25 million.
Key points on White Gold
- The speaker calls White Gold Galway's closest peer: 3 million ounces of gold at 1.38 g/t versus Galway's open-pittable Clarence Stream portion of 2.38 million ounces at 1.42 g/t, which he describes as a very similar resource.
- White Gold's market cap of $346 million versus Galway's $65 million (as of the video) is the basis for the speaker's argument that Galway is undervalued.