Gold Correction Seen as Healthy Consolidation Says Analyst Kiran Patankar

Maple Gold Mines (TSXV: MGM; OTCQB: MGMLF) President and CEO Kiran Patankar joins Kitco Mining’s Ernest Hoffman at Xplor 2025 in Montreal to discuss the company’s strong financing momentum, updated resource plans, and the shifting gold investment cycle. “The correction that we saw last week, I think, is probably healthy, given the fact that we saw such a steep runup,” Patankar said. “Most of the shareholders that we've talked to continue to be constructive on where the gold price is going.” Disciplined, quality-focused companies will outperform as generalist investors rotate back into the gold sector, according to Patankar, while specialist funds move down the value chain to growth-stage juniors and developers. He highlights Maple’s transformation over the past year, including $18 million raised from Agnico Eagle, Michael Gentile, and a leading U.S. fund, with a dual-track strategy to expand resources and advance development. With a 30,000-meter drill program underway and a potential PEA by mid-2026, Patankar believes Maple is positioned for the next leg of the gold cycle.

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