Group 1 - Gold stocks showed strong performance with Gold Fields (GFI.US) rising nearly 6%, AngloGold Ashanti (AU.US) up over 5%, Kinross Gold (KGC.US) and Eagle Mining (AEM.US) increasing over 4%, and Newmont Mining (NEM.US) gaining over 2% [1] - Silver stocks also experienced gains, with Silvercorp Metals (SVM.US) up over 5%, Pan American Silver (PAAS.US) rising over 4%, and First Majestic Silver (AG.US) increasing over 2% [1] - Spot gold rose by 1.2%, currently priced at $4,723.65, while spot silver saw an increase of over 1%, currently priced at $93.42 [1] Group 2 - Ray Dalio, founder of Bridgewater Associates, warned that President Trump's policies could lead to a "capital war," as countries and investors may reduce their investments in U.S. assets [1] - The escalation of trade tensions and increasing fiscal deficits may undermine confidence in U.S. debt, potentially prompting investors to turn to hard assets like gold [1] - Dalio suggested that gold should be considered an important hedging tool in the current economic climate [1]

Core Viewpoint - Mithril Silver and Gold Limited has commenced its 2026 drilling program at Target 3 in the Copalquin District, Mexico, following promising channel sampling results, indicating significant gold and silver mineralization potential. Group 1: Drilling Program Details - The maiden drill program at Target 3 will involve approximately 3,300 meters of drilling as part of a larger 25,000-meter drilling plan for the Copalquin District in the first half of 2026 [2][4]. - Recent channel sampling at the El Jabali historic workings in Target 3 returned high-grade results of up to 0.65 meters at 16 grams per tonne (g/t) gold and 1,275 g/t silver [2][7]. - The drilling at Target 3 aims to test the continuity and scale of mineralization, which is crucial for unlocking the broader potential of the Copalquin epithermal system [3][7]. Group 2: Progress on Other Targets - Drilling at Target 1 is expected to be completed in Q1 2026, which will precede an update to the maiden mineral resource estimate (MRE) for that target [4]. - A drone magnetic survey over the Copalquin and La Dura mining concession areas is set to begin this month, with further assay results from 2025 anticipated in the coming weeks [4][5]. Group 3: Project Background - The Copalquin mining district spans 70 square kilometers in Durango State, Mexico, featuring numerous historic gold and silver mines, with ten having notable production [16]. - The district is recognized as a major epithermal center for gold and silver, supported by multiple mineralization events and extensive historic mine workings [17]. - Within 15 months of drilling, Mithril delivered a maiden JORC mineral resource estimate at Target 1, showcasing the high-grade resource potential of the district [18].

 US$6.5 million competition seeks novel drone designs that can carry payloads heavier than their weight.Vancouver, BC, Canada, January 15, 2026 – TheNewswire - First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) reports that its majority-owned subsidiary PyroDelta Energy Inc. has entered the U.S. Department of Defense (DOD) DARPA Lift Challenge, a US$6.5 million competition seeking novel drone designs that can that can solve one of vertical heavy lift aviation's toughest problems: the payload-to-weight ratio. DA ...

Core Viewpoint - Au Gold Corp has entered into an agreement to acquire a 100% interest in the Havelock Gold-Antimony Project, which is located in the Victorian gold fields of Australia, highlighting the potential for high-grade gold deposits in the region [1][4]. Acquisition Details - The company will pay C$75,000 and issue 5 million shares for the acquisition, along with future per ounce payments for resource definition [4][17]. - The acquisition is subject to acceptance by the TSX Venture Exchange [4]. Project Highlights - The Havelock Project spans 11,663 hectares and is situated between Bendigo and Ballarat, with good access for year-round exploration [4][5]. - Historical mining in the area has shown high-grade gold-bearing quartz reefs, with significant antimony presence, indicating potential for modern exploration [2][3]. Historical Context - The first discovery in the Maryborough goldfield occurred in 1853, leading to small-scale hard rock mining, with historical workings showing gold grades between 1 to 10 ounces per ton [5][7]. - The Shaw-McFarlane Trend has approximately 9 km of historic workings with minimal modern exploration [5][12]. Exploration Potential - Recent discoveries in nearby projects have underscored the potential of Victoria's epizonal gold-antimony deposits, with plans for exploration at Havelock focusing on high-priority targets [2][3]. - The company aims to commence exploration quickly post-acquisition, with a National Instrument 43-101 Technical Report being prepared [20][21]. Technical Information - Previous drilling by Leviathan in 2021 returned significant gold results, justifying further exploration efforts [11]. - The project area has a history of coarse alluvial gold and excellent access for exploration activities [7][12].

Core Insights - Gold Fields Limited (GFI) has experienced a significant stock price increase of 224.2% over the past year, outperforming the Zacks Mining-Gold industry's growth of 151.6% and the S&P 500's rise of 19.8% [1] - The company has shown strong operational performance, with a 22% year-over-year increase in gold-equivalent production, reaching 621,000 ounces in Q3 [7][8] - GFI has successfully reduced its All-in Sustaining Costs (AISC) by 10% quarter-on-quarter to $1,557 per ounce, while generating $166 million in free cash flow and increasing its interim dividend [11][9] Financial Performance - GFI's Q3 gold-equivalent production was driven by a successful ramp-up at the Salares Norte mine, contributing 112,200 ounces, a 53% increase quarter-on-quarter [8] - The company reported a disciplined capital allocation strategy, with a total capital expenditure (Capex) guidance of approximately $1.5 billion for 2025 [12] - Cash and equivalents exceeded $1 billion, indicating operational flexibility, while the net debt-to-EBITDA ratio stood at 0.17x, reflecting manageable leverage [13] Asset Expansion and Strategic Initiatives - GFI's growth strategy includes organic project delivery and acquisitions, notably the Salares Norte project in Chile and the full ownership of the Windfall project in Quebec [14][15] - The acquisition of Gold Road Resources has secured full ownership of the Gruyere gold mine, which produces approximately 350,000 ounces of gold annually [16] - Ongoing optimization initiatives at South Deep in South Africa have maintained production levels at around 78,000 ounces in Q3 [17] Market Position and Valuation - The Zacks Consensus Estimate for GFI's 2026 earnings is projected at $4.73, indicating a year-over-year growth of 258.33% [20] - GFI is currently trading at a forward 12-month price-to-sales multiple of 3.96X, which is below the industry average of 4.08X [21] - The company has a Value Score of C, while peers Agnico Eagle and Allied Gold have scores of D and B, respectively [24]

Core Viewpoint - The precious metals market is experiencing a liquidity shock triggered by the rebalancing of the Bloomberg Commodity Index, leading to significant declines in gold and silver prices and related mining stocks [1] Group 1: Market Performance - Gold and silver stocks opened lower, with Hecla Mining (HL.US) down over 5%, First Majestic Silver (AG.US) and Endeavour Silver (EXK.US) down over 4%, and Coeur Mining (CDE.US), Pan American Silver (PAAS.US), and Gold Fields (GFI.US) down over 2% [1] - Spot silver fell over 4% to $74.48, while spot gold decreased by 0.5% to $4,433.37 [1] Group 2: Index Rebalancing Impact - The current adjustment in the precious metals market is directly linked to the annual weight rebalancing of the Bloomberg Commodity Index, which started on January 8 and will continue until January 14 [1] - Gold's weight in the index was reduced from 20.4% to 14.9%, and silver's weight was significantly cut from 9.6% to 3.94%, forcing passive funds tracking the index to make mechanical position adjustments [1] Group 3: Analyst Insights - Deutsche Bank analyst Michael Hsueh noted that the rebalancing is unfavorable for precious metals but beneficial for crude oil [1] - Silver is expected to face the largest selling pressure from the rebalancing, followed by aluminum and gold [1] - Hsueh estimates that a sale of 2.4 million ounces of gold could lead to a price drop of 2.5%-3.0%, depending on the sensitivity model and time window used for ETFs [1]

Core Viewpoint - The precious metals market is experiencing a liquidity shock triggered by the rebalancing of the Bloomberg Commodity Index, leading to significant declines in gold and silver prices and related mining stocks [1] Group 1: Market Performance - Gold and silver stocks opened lower, with Hecla Mining (HL.US) down over 5%, First Majestic Silver (AG.US) and Endeavour Silver (EXK.US) down over 4%, and other companies like Coeur Mining (CDE.US), Pan American Silver (PAAS.US), and Gold Fields (GFI.US) down over 2% [1] - Spot silver fell over 4% to $74.48, while spot gold decreased by 0.5% to $4,433.37 [1] Group 2: Index Rebalancing Impact - The current adjustment in the precious metals market is directly linked to the annual weight rebalancing of the Bloomberg Commodity Index, which started on January 8 and will continue until January 14 [1] - The weight of gold in the index has been reduced from 20.4% to 14.9%, while silver's weight has been significantly cut from 9.6% to 3.94%, forcing passive funds tracking the index to make mechanical position adjustments [1] Group 3: Analyst Insights - Deutsche Bank analyst Michael Hsueh noted that the rebalancing is unfavorable for precious metals but beneficial for oil [1] - Silver is expected to face the largest selling pressure from the rebalancing, followed by aluminum and gold [1] - Hsueh estimates that a sale of 2.4 million ounces of gold could lead to a price drop of 2.5%-3.0%, depending on the sensitivity model of the ETFs used and the time window considered [1]

科技股多数下跌，西部数据跌超5%，AMD跌逾2%。 中概股涨跌不一，再鼎医药涨超5%，世纪互联涨逾4%，禾赛科技、网易跌逾2%。 编辑 ｜ 钉钉 1月7日，美股三大指数开盘涨跌不一，截至发稿，道琼斯指数涨0.27%，标普500指数涨0.01%，纳指跌 0.11%。 | 美股指数 亡 | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 49593.63 | 23521.50 | 6945.23 | | +131.55 +0.27% | -25.67 -0.11% | +0.41 +0.01% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7794.07 | 25777.50 | 6986.50 | | -42.36 -0.54% | -44.50 -0.17% | -1.25 -0.02% | 黄金、白银股重挫，赫克拉矿业、First Majestic Silver跌超5%，泛美白银、金田跌超4%， 巴里克黄金 跌逾2% 。 截至发稿，现货黄金跌1%，现货白银跌近5%。 ...

Core Viewpoint - Gold and silver stocks experienced a decline, with notable drops in companies such as Hecla Mining (HL.US) and First Majestic Silver (AG.US), indicating a bearish trend in the precious metals market [1] Group 1: Market Performance - Hecla Mining (HL.US) and First Majestic Silver (AG.US) fell over 7%, while Pan American Silver (PAAS.US) dropped over 6%, and Gold Fields (GFI.US) decreased over 5% [1] - Spot gold decreased by more than 1%, currently priced at $4,442.55, while spot silver plummeted nearly 5%, now at $77.23 [1] Group 2: Economic Outlook - Citigroup noted that geopolitical risks and rising expectations for U.S. interest rate cuts may support high gold prices in the short term [1] - However, if the U.S. economy accelerates recovery in the second half of the year, concerns about economic recession may diminish, potentially reducing investment demand for gold as a safe haven [1] - Despite these factors, the value of gold as a hedging tool remains significant due to the complexity of the global situation [1]

Key Takeaways Gold Fields lifted Q3 gold equivalent output about 22% year over year to roughly 621,000 ounces. GFI cut all-in sustaining costs about 10% quarter over quarter to nearly $1,557 per ounce. AEM generated over $1.1B in Q3 free cash flow on production of about 867,000 ounces and cost control. Gold Fields Limited (GFI)  and Agnico Eagle Mines Limited (AEM)  are two leading names in the global gold mining industry, each benefiting from elevated bullion prices and shifting investor demand for defensi ...