How is an Olympic gold medal made, and what is it worth?

Despite the name, Olympic gold medals are not made of solid gold. Under International Olympic Committee rules, they are primarily composed of silver and plated with a thin layer of gold.

Still, with gold prices now hovering at historic highs, even the thin coating carries more value than it once did.

Using the official size and weight specifications for the Milan Cortina 2026 medals, precious metals firm Dillon Gage calculated what a gold medal would be worth if it were cast entirely in solid gold.

Each Milan Cortina medal measures 80 millimeters in diameter and 10 millimeters thick. Based on those dimensions, Dillon Gage estimates a medal of that size would have a volume of approximately 47.6 cubic centimeters and would contain about 919 grams of gold if produced entirely from the metal.

At the current spot gold price of US$5,061.45 per troy ounce, that equates to roughly US$149,600 in intrinsic metal value alone, all before factoring in craftsmanship or symbolism.

But this is a hypothetical scenario. The actual gold medal that will hang around an athlete’s neck in Italy will contain 500 grams of .999 fine silver and just 6 grams of .9999 gold plating.

Using current spot prices of gold at US$5,061.45 per troy ounce and silver at US$87.00 per troy ounce, the combined intrinsic metal value of a 2026 Olympic gold medal comes to approximately US$2,375.

A silver medal, made of 500 grams of .999 silver, carries a metal value of about US$1,402 at today’s prices.

A bronze medal, composed of 420 grams of copper priced at roughly US$5.90 per pound, has a melt value of about US$5.46.

“The value of gold medals is a curious inquiry we receive, especially around the time of the Olympics,” said Terry Hanlon, president of Dillon Gage Metals. “It’s one of the most recognizable medals in the world, so it’s natural for people to wonder what it’s made of and what it’s actually worth. While Olympic gold medals are not solid gold, the silver content alone carries far more value today than it did just a few years ago, reflecting how much precious-metal markets have changed.”

The medals themselves were designed by a multidisciplinary team led by Raffaella Paniè and produced by the Italian State Mint and Polygraphic Institute (IPZS). Their split-surface design symbolizes the union of Milan and Cortina, as well as the shared effort behind every Olympic achievement.

Precious metals on the rise

Still, as eye-catching as the design may be, the math behind the medals offers a telling snapshot of today’s precious metals market.

When the Paris 2024 Olympic medals were unveiled two years ago, gold was trading around US$2,400 per troy ounce. At that time, the intrinsic metal value of a gold medal was under US$1,000.

Today, gold prices have more than doubled. The theoretical value of a solid-gold Milan Cortina medal now approaches US$150,000, and even the thin six-gram plating layer carries over US$975 in gold value alone.

The surge reflects broader trends in global markets where gold has rallied amid inflation concerns, geopolitical tensions, and rising investor demand for safe-haven assets.

Silver has also strengthened, contributing significantly to the base value of Olympic medals that are largely silver by weight.

But what is it really worth?

Yet despite the fun computation experiment, their actual worth undeniably lies elsewhere: the years of training, the sacrifices, the split-second finishes, and the history attached to standing atop a podium as the world watches.

By the time the flame is lit in Milan and Cortina, more than 5,000 athletes will compete for a place in Olympic history.

While its actual value will technically be worth a few thousand dollars in weight, for the world-class athletes showcasing their prowess, each medal is priceless in their own right.

No matter how high gold prices climb, the opportunity to win on the Olympic stage remains beyond calculation.

Investor Insight

Tartisan Nickel offers investors exposure to a high-grade, advanced-stage nickel sulfide project with existing infrastructure and clear near-term catalysts, alongside a past-producing silver asset providing significant upside and growth potential.

Overview

Tartisan Nickel (CSE:TN,OTCQX:TTSRF,FSE:8TA) is a Canadian exploration and development company focused on advancing high-quality critical mineral assets in Ontario. The company’s primary asset, the Kenbridge nickel project in Northwestern Ontario, is an advanced-stage nickel sulfide deposit hosting nickel, copper and cobalt. Management’s strategy for Kenbridge is straightforward and execution-focused: increase the size and confidence of the Kenbridge resource through drilling, extend mine life, and continue de-risking the project.

The Kenbridge project has undergone extensive historical work, including more than 100,000 meters of drilling.

At the same time, Tartisan controls the Sill Lake silver project, a past-producing silver-lead property near Sault Ste. Marie, Ontario. With strong commodity fundamentals across nickel, copper and silver, management views Tartisan as a company with “more than one leg under the table,” offering investors exposure to multiple value drivers within a single platform.

Company Highlights

• Clear focus on drilling-driven value creation, with active programs designed to upgrade inferred resources, expand the deposit at depth, and extend mine life into the mid-teens
• Low-capex development profile relative to many peer nickel projects, supported by a historic shaft, road access, and established infrastructure
• Sill Lake Silver Project provides additional, underappreciated value, offering exposure to silver through a brownfields, past-producing asset with a defined historic resource
• Experienced leadership team with deep capital markets and mine development experience, focused on disciplined capital allocation and unlocking value from opportunity-acquired assets

Key Projects

Kenbridge Nickel-Copper-Cobalt Project

The Kenbridge project is Tartisan’s flagship asset and the company’s primary focus. It is a high-grade, Class 1 nickel sulfide deposit located in a mining-friendly jurisdiction with established infrastructure and access. Kenbridge benefits from extensive historical work, including more than 100,000 metres of drilling and a three-compartment shaft extending to a depth of approximately 622 metres, placing the project closer to development than many earlier-stage peers.

A preliminary economic assessment (PEA) completed in 2022 outlined a potentially economic underground mining operation, supported by relatively modest initial capital requirements compared to large, low-grade nickel projects.

Current drilling is aimed at upgrading inferred resources to measured and indicated categories, and expanding the deposit both along strike and at depth, where historical data indicate improving grades.

The company’s near-term objective is to meaningfully extend the mine life beyond the nine years outlined in the PEA, with the longer-term goal of positioning Kenbridge as a strategic asset in a tightening nickel market. With existing road access, proximity to power, and ongoing engagement with Treaty #3 First Nations, Kenbridge is viewed as an advanced project with clear pathways to further value creation.

Tartisan Nickel has been engaging with Treaty # 3 First Nations since May 2007.

Sill Lake Silver-Lead Project

The Sill Lake project is a 100-percent-owned, past-producing silver-lead asset located approximately 30 kilometres north of Sault Ste. Marie, Ontario. The property hosts an NI 43-101-compliant historic mineral resource and benefits from existing underground development, including ramp access and historic workings.

Tartisan considers Sill Lake a brownfields opportunity with relatively low capital intensity, particularly in the context of stronger silver prices. Planned work includes validation of historic data, evaluation of multiple mineralized trends, and the potential for future drilling and bulk sampling. Importantly, management believes Sill Lake’s value is largely unrecognized by the market, providing investors with additional upside that is not currently built into Tartisan’s valuation.

Management Team

Mark Appleby – President, CEO and Director

Mark Appleby has more than 38 years of experience in investment banking, corporate finance and capital markets. He has led numerous public resource companies through exploration, development and financing cycles, and brings a strong focus on disciplined capital allocation and asset-driven value creation.

Yves Clément – Director

Yves Clément is a professional geologist with more than 35 years of experience in mineral exploration and development across Canada, South America and West Africa, contributing deep technical oversight at the board level.

Carl J. McGill – Director

Carl McGill has over 30 years of experience in capital markets and financial management, with a background spanning banking, corporate finance and public company leadership.

Dean MacEachern – Geological Advisor

Dean MacEachern has more than 35 years of global exploration experience and has worked on the Kenbridge project under previous ownership, providing valuable continuity and geological insight as a Qualified Person under NI 43-101.

Greg Edwards – Project Manager

Greg Edwards brings over 25 years of Canadian exploration and project development experience and plays a key role in advancing Kenbridge while supporting community and First Nations engagement.

Investor Insight

TomaGold is advancing a portfolio centered on Québec’s Chibougamau Mining Camp, combining owned assets with near-term, catalyst-driven exploration at its optioned Berrigan Mine project. Recent deep drilling and downhole geophysics at Berrigan have identified sulphide mineralization and EM conductors that the company is using to prioritize follow-up targets, while it continues to advance the owned Obalski project and a broader pipeline of Chibougamau-area options.

Overview

TomaGold (TSXV:LOT,OTC:TOGOF) is a Canadian exploration company focused on precious and base metal opportunities, with a primary emphasis on gold and copper in Québec and Ontario. The company’s core assets are located in Québec’s Chibougamau Mining Camp, where it owns the Obalski and Chicot projects and holds options to earn up to 100 percent interests in multiple additional properties, including the Berrigan Mine, David, Radar and Dufault projects. TomaGold also holds a 24.5 percent joint venture interest in the Baird gold project near Ontario’s Red Lake camp, and maintains early-stage lithium and rare earth element (REE) exposure in Québec’s James Bay region.

In January 2026, TomaGold reported deep drilling results from Berrigan Mine, including a broad interval of semi-massive to massive sulphide mineralization in hole TOM-25-015 and described the “Berrigan Deep” zone as open at depth. In February 2026, the company reported results from a borehole electromagnetic (BHEM) survey, stating that modeled conductive plates correlate with mineralization intersected in multiple holes and identifying a priority plate (BER-14C) for follow-up drilling and additional geophysical work.

Company Highlights

• Portfolio anchored in Québec’s Chibougamau Mining Camp, combining owned assets (including Obalski and Chicot) with multiple optioned projects that provide pipeline depth.
• Near-term exploration catalysts focused on Berrigan, supported by recent deep drilling and BHEM interpretation used to prioritize conductors for follow-up.
• Berrigan Mine: January 2026 drilling highlighted a broad sulphide interval in hole TOM-25-015 and introduced the “Berrigan Deep” zone; February 2026 BHEM interpretation identified a priority conductor (BER-14C) described as open at depth and to the northeast.
• Obalski is a 100 percent owned project with extensive historical work and multiple zones, providing a second core asset within the company’s Chibougamau footprint.
• Management describes a disciplined, data-driven reinterpretation of existing datasets, targeted drilling and geophysics to generate technical newsflow and refine targets over time, with the objective of advancing projects toward updated NI 43-101-compliant technical disclosure.

Key Projects

Berrigan Mine Project (Option to Acquire 100 percent)

The Berrigan Mine project comprises 16 claims totaling 483 hectares and is located approximately 4 km NNW of Chibougamau in the Chibougamau Mining Camp. TomaGold holds an option to acquire a 100 percent interest in the property from Chibougamau Independent Mines. The project has a significant historical database and has been the focus of the company’s recent exploration drilling and geophysics. Any historical resource estimates referenced for the project are historical in nature, are not current NI 43-101 compliant, and should not be relied upon.

In January 2026, TomaGold reported drilling results including hole TOM-25-015, which intersected 98.5 metres of semi-massive to massive sulphide mineralization and was presented as a new “Berrigan Deep” zone that remains open at depth. The company also reported additional intervals from drilling designed to test extensions of mineralization at depth. In February 2026, TomaGold reported interpretation from a borehole electromagnetic (BHEM) survey, stating that conductive plates modeled from downhole data correlate with mineralization intersected in holes TOM-25-009 through TOM-25-015. The company highlighted a priority target plate (BER-14C), described as approximately 160 x 300 metres and open at depth and to the northeast, and outlined follow-up steps including additional drilling and EM work.

TomaGold has stated it reverted to reporting elemental assays rather than metal-equivalent grades due to uncertainty around metallurgical recovery assumptions at the current stage of evaluation.

Obalski Project (100 percent owned)

The Obalski project is 100 percent owned and consists of 75 claims totaling 2,724 hectares located roughly 2 km south of Chibougamau. The project hosts multiple mineralized zones and has seen extensive historical exploration and drilling. TomaGold highlights Obalski as a core owned asset within its Chibougamau platform, supported by a large database and multiple target zones that remain open along strike and at depth.

David Project (Option to Earn 100 percent)

The David project consists of 49 claims totaling approximately 20.09 sq km and is located within the Chibougamau camp. The project hosts multiple mineral occurrences and is positioned by the company as part of its broader Chibougamau consolidation strategy.

Radar Project (Option to Earn 100 percent)

The Radar project consists of 14 claims totaling approximately 7.75 sq km and is located north of Chibougamau. The company highlights multiple showings and historical work that support ongoing target development within the district.

Dufault Project (Option to Earn 100 percent)

The Dufault project consists of 14 claims totaling approximately 5.22 sq km and is located north of Chibougamau. The company highlights the project as prospective within the camp and references historical drilling that supports continued evaluation.

Other Assets and Optional Exposure

TomaGold’s portfolio also includes the Chicot project (owned) and additional Chibougamau-area properties (optioned) that provide pipeline optionality. Outside of Chibougamau, the company holds a 24.5 percent joint venture interest in the Baird gold project near Ontario’s Red Lake camp, and early-stage lithium and REE exposure in Québec’s James Bay region through the Star Lake (REE) and Brisk Extension (lithium/REE) projects.

Management Team

David Grondin — President and CEO

David Grondin is a seasoned mining financial entrepreneur and developer with over 25 years of experience in acquiring, financing, and advancing mining assets across the Americas and Europe.

Martin Nicoletti — CFO

Martin Nicoletti is the founder of SKTM Financial and a certified accountant with more than 32 years of corporate experience.

Jean Lafleur — VP Exploration

Jean Lent is a highly skilled professional geologist with 45 years of global experience in mineral exploration, resource evaluation, and project assessment and development.

Michel E. Labrousse — Senior Advisor

For the past twenty years, Michel Labrousse has developed various businesses in investment banking and financial markets in Europe and Asia.

Board of Directors

The board includes David Brousse, Jean-Sébastien Jacquetin and Caitlin Jeffs.

TomaGold (TSXV:LOT;OTC:TOGOF) is a Canadian exploration company targeting precious and base metals, with a strong focus on gold and copper projects in Québec and Ontario. Its flagship assets are in Québec’s Chibougamau Mining Camp, where it owns the Obalski and Chicot projects and holds options to earn up to 100 percent interests in several additional properties, including Berrigan Mine, David, Radar and Dufault. The company also holds a 24.5 percent joint venture stake in the Baird gold project near Ontario’s Red Lake camp, along with early-stage lithium and rare earth element (REE) exposure in Québec’s James Bay region.

In January 2026, TomaGold reported deep drilling results from the Berrigan Mine, highlighted by a broad interval of semi-massive to massive sulphide mineralization in hole TOM-25-015. The company also noted that the “Berrigan Deep” zone remains open at depth, underscoring further exploration potential.

In February 2026, TomaGold released results from a borehole electromagnetic (BHEM) survey, stating that modeled conductive plates correlate with mineralization intersected in multiple holes. The survey also identified a priority plate, BER-14C, as a target for follow-up drilling and additional geophysical work.

This TomaGold profile is part of a paid investor education campaign.*

Click here to connect with TomaGold (TSXV:LOT) to receive an Investor Presentation

Tartisan Nickel (CSE:TN,OTCQX:TTSRF,FSE: 8TA) is a Canadian exploration and development company focused on advancing high-quality critical mineral assets in Ontario. Its flagship asset, the Kenbridge nickel project in Northwestern Ontario, is an advanced-stage nickel sulphide deposit containing nickel, copper and cobalt.

Management’s strategy for Kenbridge is clear and execution-driven: expand and upgrade the resource through drilling, extend potential mine life, and continue systematically de-risking the project.

At the same time, Tartisan holds the Sill Lake silver project, a past-producing silver-lead property near Sault Ste. Marie, Ontario. Supported by strong fundamentals for nickel, copper and silver, management positions Tartisan as a multi-asset story—providing investors with exposure to several value drivers within a single platform.

Company Highlights

• Clear focus on drilling-driven value creation, with active programs designed to upgrade inferred resources, expand the deposit at depth, and extend mine life into the mid-teens
• Low-capex development profile relative to many peer nickel projects, supported by a historic shaft, road access, and established infrastructure
• Sill Lake Silver Project provides additional, underappreciated value, offering exposure to silver through a brownfields, past-producing asset with a defined historic resource
• Experienced leadership team with deep capital markets and mine development experience, focused on disciplined capital allocation and unlocking value from opportunity-acquired assets

This Tartisan Nickel profile is part of a paid investor education campaign.*

Click here to connect with Tartisan Nickel (CSE:TN,OTCQX:TTSRF,FSE: 8TA) to receive an Investor Presentation

Bitcoin (BTC) was priced at US$67,551.42, down 18 percent over the last 24 hours.

Bitcoin price performance, February 11, 2026.

Chart via TradingView.

“Bitcoin appears to be entering a stabilization phase before its next directional move. In the near term, prices are likely to consolidate around the US$70,000 level as the market digests recent volatility and continued profit-taking, but the broader setup points to a gradual recovery toward the US$85,000 to US$95,000 range by mid-2026.

“The key driver is institutional behavior: ETF outflows are slowing rather than accelerating, suggesting that forced selling pressure is easing and longer-term allocators are becoming more selective instead of exiting outright. At the same time, regulatory progress — particularly around stablecoin frameworks and clearer market structure — continues to strengthen Bitcoin’s position as a maturing asset within global portfolios, especially as investors look for inflation hedges amid ongoing macro uncertainty.

“While short-term price action may remain uneven, innovation across DeFi and tokenized assets is reinforcing the underlying crypto ecosystem, creating conditions that have historically supported post-correction recoveries and attracted long-term capital back into Bitcoin.”

Ether (ETH) was priced at US$1,955.33, down by 2.8 percent over the last 24 hours.

Altcoin price update

• XRP (XRP) was priced at US$1.38, down by 1.2 percent over 24 hours.

• Solana (SOL) was trading at US$79.64, down by 3.5 percent over 24 hours.

Today’s crypto news to know

Robinhood shares Q4 earnings

Robinhood Markets (NASDAQ:HOOD) released its latest quarterly report on Wednesday, revealing net income totaling US$605 million for Q4 2025 and US$1.9 billion for the year.

The company reported a record US$1.28 billion in quarterly revenue, a 27 percent increase year-on-year, but shy of estimates of about US$1.36 billion. Its full‑year 2025 revenue reached US$4.5 billion, up 52 percent.

However, crypto revenue fell 38 percent to US$221 million in Q4.

Despite a fundamentally solid quarter, with record earnings per share of US$0.66 in Q4 and US$2.05 for 2025, shares dropped between 7 and 12 percent after the print and closed 9 percent lower on the day.

In other news, Robinhood launched a public testnet for Robinhood Chain, an Ethereum Layer 2 built on Arbitrum technology and designed to support tokenized real‑world and digital assets.

Developers can begin building and testing apps on it ahead of a future mainnet launch. The testnet offers network access, developer docs and compatibility with standard Ethereum tools, plus early support from infrastructure providers such as Alchemy, Chainlink and LayerZero. Robinhood also said it is committing US$1 million to the 2026 Arbitrum Open House program to encourage developer activity on the testnet and eventual mainnet.

Banks dig in on stablecoin yield as CLARITY Act stalls

US banks are hardening their position on stablecoin rules, escalating a policy clash that has left the long-awaited CLARITY Act stuck in Congress. During a White House-hosted meeting led by the administration’s crypto council, banking groups circulated a proposal calling for an outright ban on paying interest or other incentives to stablecoin holders.

The draft language states: “No person may provide any form of financial or non-financial consideration to a stablecoin holder” in connection with holding or using a payment stablecoin.

Banking groups warned that allowing yield on stablecoins could “drive deposit flight that would undercut Main Street lending,” while crypto advocates argued innovation should not be stifled. The dispute centers on whether stablecoin rewards resemble bank deposits, potentially siphoning funds from traditional lenders.

‘As we noted during the meeting, that framework can and must embrace financial innovation without undermining safety and soundness, and without putting the bank deposits that fuel local lending and drive economic activity at risk. We look forward to ongoing discussions to move market structure legislation forward,’ the American Bankers Association said in a statement following the meeting.

The standoff has become the main obstacle preventing the CLARITY Act from advancing, despite earlier passage of the GENIUS Act, which created a federal framework for dollar-backed stablecoins.

Goldman Sachs maintains US$1 billion Bitcoin ETF exposure

Goldman Sachs (NYSE:GS) disclosed in its latest US Securities and Exchange Commission filing that it holds just over US$1 billion in exposure to Bitcoin through exchange-traded funds (ETFs).

The exposure is split across products, including BlackRock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) and Fidelity’s Wise Origin Bitcoin ETF (NEO:FBTC). Bitcoin has dropped roughly 47 percent from its high and is trading near US$67,000, part of a broader US$2 trillion drawdown across the crypto market. ETF flows have been volatile, with more than US$6 billion exiting spot Bitcoin funds since November, according to industry data.

Despite the slump, Goldman has also expanded into Ether, XRP and Solana ETFs.

Monad launches Nitro accelerator

Blockchain company Monad announced Tuesday (February 10) launch of a new three month accelerator program, Nitro, supported by notable firms including Paradigm, Electric Capital, Dragonfly and Castle Island Ventures.

According to commentary provided in a media briefing accompanying the announcement, “The program is designed to address a common issue in crypto venture funding: teams often raise capital quickly but struggle to ship production-ready products or reach product-market fit. Nitro is structured around execution, shipping cadence, and validation, rather than short-term growth metrics or token-driven incentives.”

The press release notes that the Monad ecosystem has already seen US$108 million raised by projects.

The three month program includes an in-person first month in New York City, and will be followed by two months of focused execution, concluding with a Demo Day for crypto and tech investors.

Interactive Brokers adds Coinbase nano contracts

Interactive Brokers said it is adding “nano contracts’ from Coinbase Global’s (NASDAQ:COIN) derivatives arm to its trading platform. These contracts control fractions of a Bitcoin or Ether coin and require less upfront investment.

Clients can trade these futures, some with set expiry dates and others that track the current price over time, 24/7 within Interactive Brokers’ standard brokerage environment, alongside stocks and options.

The move is meant to make it easier and cheaper for people to get exposure to crypto prices and manage risk, while still using a regulated broker and exchange.