Core Viewpoint - The pre-market trading of gold stocks in the US saw a collective rise, driven by expectations of further interest rate cuts and ongoing trade tensions, leading to a significant increase in gold prices, which surpassed $4,210, marking a new historical high and a year-to-date increase of over 60% [1]. Group 1: Market Performance - Gold stocks such as Harmony Gold and Kinross Gold rose over 4%, while companies like Coeur Mining, DRDGOLD, and AngloGold Ashanti saw increases exceeding 3% [1]. - The pre-market performance of various gold stocks included notable gains: Harmony Gold at 4.97%, Kinross Gold at 2.20%, and AngloGold Ashanti at 3.20% [2]. Group 2: Gold Price Movement - Spot gold prices broke the $4,210 mark, achieving a new all-time high [1]. - Year-to-date, spot gold has increased by more than 60%, reflecting strong market demand and investor sentiment [1].

Market Performance - The U.S. stock market indices continued to rise, with the Dow Jones up 1.07%, Nasdaq up 1.92%, and S&P 500 up 1.37% [1] - Rare earth stocks surged, with USA Rare Earth increasing over 25% and Critical Metals rising over 30% [1] - Gold stocks also saw gains, with Hecla Mining and Harmony Gold both up over 5% [1] Gold Market - Gold prices have reached a historic high, with COMEX gold futures surpassing $4100 per ounce [2] - The increase in gold prices is attributed to heightened demand from investors amid trade tensions, economic uncertainty, and rising expectations for Federal Reserve rate cuts [2] Company News - OpenAI and Broadcom announced a strategic partnership to deploy a 10GW custom AI accelerator, with OpenAI responsible for the design and Broadcom involved in development and deployment [3] - NVIDIA's CEO Jensen Huang has been selling shares, with recent filings showing he sold 225,000 shares at an average price of $190.2, totaling approximately $42.8 million [4] - Apple is shifting its focus from lightweight headsets to smart glasses, which may utilize the Vision Pro operating system, ensuring previous software development efforts are not wasted [5] - Tesla is facing an investigation by the NHTSA regarding 2.88 million vehicles equipped with the Full-Self Driving system due to reports of traffic safety violations and accidents [6]

Core Viewpoint - Gold stocks in the US market experienced an upward trend, with significant gains observed in companies such as Hecla Mining (HL.US), Harmony Gold (HMY.US), and others, following a rise in spot gold prices to a new historical high of $4,090 per ounce [1] Group 1: Market Performance - Hecla Mining (HL.US) rose over 7% [1] - Harmony Gold (HMY.US) increased by more than 6% [1] - Eldorado Gold (EGO.US) saw a rise of over 4% [1] - Gold Fields (GFI.US) and Newmont Corporation (NEM.US) both gained over 3% [1] Group 2: Gold Price Movement - Spot gold prices increased by 2% during the day, reaching $4,090 per ounce, marking a new historical high [1] - The price surge occurred despite traditional valuation drivers such as the US dollar and real interest rates being seemingly detached from gold's current valuation [1] Group 3: Analyst Insights - Zhao Yaoting, a strategist at Invesco Asia Pacific, indicated that despite gold reaching historical highs and appearing overvalued, the upward price momentum may continue [1]

Core Viewpoint - Harmony Gold Mining Company Limited has been upgraded by HSBC to a "Buy" rating, indicating strong upward momentum and potential investment opportunities in the gold mining sector [2][6]. Company Overview - Harmony Gold is a significant player in the gold mining industry, engaged in exploration, extraction, and processing of gold primarily in South Africa and Papua New Guinea [1]. - The company competes with major players such as Barrick Gold and Newmont Corporation [1]. Stock Performance - The stock was priced at $18.81 at the time of the upgrade and has experienced a substantial gain of approximately 126% [2][6]. - The stock's price increased by 2.62%, reaching a high of $19.03 during the trading day, indicating a positive outlook [3][6]. - The market capitalization of Harmony Gold stands at approximately $12.02 billion, reflecting its significant presence in the market [4][6]. - The stock has a 52-week range with a low of $7.97 and a high of $19.03, showcasing considerable growth potential [4]. Technical Indicators - Harmony Gold's stock is forming a cup base pattern, a technical chart pattern that often signals a bullish trend [3][6]. - The stock's recent performance and technical indicators suggest it could be a promising investment opportunity in the gold mining sector [5][6].

ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (NYSE:MTAL, ASX:MAC) ("MAC†or the "Company†) is pleased to announce that the Royal Court of Jersey (the "Court†) has today made orders sanctioning the proposed acquisition of 100% of the issued share capital in MAC by Harmony Gold (Australia) Pty Ltd (a wholly owned subsidiary of Harmony Gold Mining Company Limited (JSE:HAR, NYSE:HMY)) ("Harmony†) by way of a Jersey law scheme of ar. ...

随着投资者在美国政府资金僵局后寻求防范潜在市场冲击的手段，金价上涨的紧迫性进一步显现。同 时，美联储开启的货币宽松周期也为本身不产生利息的黄金提供了支持。投资者纷纷涌入黄金相关的交 易所交易基金(ETF)，其中由实物黄金支持的ETF在9月份录得三年多以来的最大单月资金流入。 智通财经APP获悉，周三，黄金板块股票上涨。截至发稿，GoldMining(GLDG.US)大涨超11%，科尔黛 伦矿业(CDE.US)涨超3%，金田(GFI.US)涨近3%，哈莫尼黄金(HMY.US)涨超2.8%。昨日现货金价首次 突破每盎司4000美元。在全球贸易前景、美联储独立性以及美国财政稳定性受到质疑的情况下，今年以 来金价已跃升逾50%。同时，地缘政治紧张局势提振了避险需求，而各国央行也持续以更快的速度增持 黄金。 ...

Core Viewpoint - Spot gold has surged past $3950, approaching the $4000 mark, indicating strong demand and market interest in gold as a safe-haven asset [1] Company Performance - Newmont Corporation (NEM.US) shares increased by over 2% [1] - Harmony Gold Mining (HMY.US) shares rose by more than 3% [1] - Barrick Gold Corporation (B.US) shares gained over 1.7% [1] - Gold Fields Limited (GFI.US) shares were up by 0.89% [1]

ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (NYSE:MTAL, ASX:MAC) ("MAC†or the "Company†) is pleased to provide the following update on the proposed acquisition of 100% of the issued share capital in MAC by Harmony Gold (Australia) Pty Ltd (a wholly owned subsidiary of Harmony Gold Mining Company Limited (JSE:HAR, NYSE:HMY)) ("Harmony†) by way of a Jersey law scheme of arrangement pursuant to Article 125 of the Companies (Jers. ...

Core Viewpoint - Gold mining stocks experienced a significant increase, driven by a rise in spot gold prices, which reached a historical high and has seen a 42% increase this year [1] Group 1: Company Performance - Paramount Gold Nevada (PZG.US) rose over 6% [1] - Barrick Gold (B.US) increased by more than 5% [1] - Harmony Gold (HMY.US) saw an increase of over 4% [1] Group 2: Market Trends - Spot gold prices rose nearly 1%, continuing to set historical highs [1] - Year-to-date, gold prices have increased by 42% [1]

Valuation and Performance - Harmony Gold Mining Company Limited (HMY) is currently trading at a forward price/earnings ratio of 6.09X, which represents a discount of approximately 60.9% compared to the Zacks Mining – Gold industry's average of 15.59X [1][5] - HMY's shares have increased by 82.8% this year, although this is lower than the industry's rise of 101.6% and the S&P 500's increase of 12.7% [2] Growth Projects - HMY is focused on key projects such as Wafi-Golpu and Eva Copper, which are expected to enhance its gold and copper production capabilities [5][11] - The Wafi-Golpu project has an estimated gold reserve of 13 million ounces and is currently in negotiations for a Mining Development Contract [13] - The Eva Copper project is expected to produce 55,000-60,000 tons of copper annually, with first production anticipated in 2028 [14] Gold Price Dynamics - Gold prices have surged by 39% this year, driven by factors such as aggressive trade policies, central bank purchases, and geopolitical tensions [15][16] - For fiscal 2025, HMY recorded a 31% increase in average gold prices received, reaching $2,620 per ounce, which is expected to enhance profitability [17] Financial Health - HMY has a strong balance sheet, with net cash increasing by approximately 295% to $628 million in fiscal 2025 [18] - The company ended the fiscal year with liquidity of $1,179 million and offers a dividend yield of 1.3% [18] Cost Challenges - HMY experienced a 20% increase in all-in-sustaining costs (AISC) to $1,806 per ounce in fiscal 2025, driven by higher labor and electricity costs [19][20] - The company anticipates continued cost pressures, particularly from electricity and labor, which are significant components of its cost structure [20] Production Issues - HMY's gold production for fiscal 2025 fell by 5% to around 1.48 million ounces, impacted by adverse weather and safety-related stoppages [22] - Production guidance for fiscal 2026 indicates continued challenges, with expected output of 1.4-1.5 million ounces [22][23] Earnings Outlook - Earnings estimates for HMY for fiscal 2026 have been revised downward over the past 60 days, indicating potential challenges ahead [23]