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Canada, U.S. stock markets rebound on Friday
Investment Executive· 2026-02-06 22:05
The S&P/TSX composite index was up 476.38 points at 32,470.98.Many of the gains in the Canadian stock market came from the basic materials sector. He said that the price of precious metals has seen a lot of movement recently, but has still been strong so far this year.“That’s given a boost to the Canadian mining stocks, so we’re seeing a positive tilt today,” said Ludwick.Prices in the metals market also calmed a bit following their own wild swings. Gold rose 1.8%, while silver added 0.2%. The April gold co ...
X @Decrypt
Decrypt· 2026-02-06 21:55
Publicly traded Bitcoin miner Bitfarms is planning a move to the United States and a name change as it transitions from crypto to AI compute. https://t.co/iwJn3ub7IN ...
What the Options Market Tells Us About Barrick Mining - Barrick Mining (NYSE:B)
Benzinga· 2026-02-06 20:00
Group 1 - Investors are showing a bullish stance on Barrick Mining, with significant options trades indicating potential insider knowledge of upcoming events [1] - The sentiment among large traders is 53% bullish and 30% bearish, with a total of $1,016,750 in call options and $58,535 in put options [2] - Major market movers are focusing on a price range between $20.0 and $65.0 for Barrick Mining over the last three months [3] Group 2 - Volume and open interest metrics are crucial for understanding liquidity and investor interest in Barrick Mining's options, particularly within the $20.0 to $65.0 strike price range over the past 30 days [4] - An expert from Scotiabank has set a price target of $63.0 for Barrick Mining, maintaining a Sector Outperform rating [6] - Barrick Mining's stock price is currently at $45.1, reflecting a 2.99% increase, with a trading volume of 9,741,740 [7]
Barrick Mining: Meet The New Boss, Not The Same As The Old Boss
Seeking Alpha· 2026-02-06 19:47
Core Viewpoint - The article discusses the investment potential of Barrick Mining Corporation, highlighting a previous rating of "Buy" and the author's long-term investment strategy focused on intrinsic value [1]. Group 1: Company Overview - Barrick Mining Corporation was rated as the least favored among its peers nearly 10 months ago [1]. - The author has a beneficial long position in Barrick Mining shares, indicating confidence in the company's future performance [2]. Group 2: Investment Strategy - The investment approach emphasizes holding positions for the long term unless compelling reasons arise to sell [1]. - The focus is on maximizing total return over time by purchasing when prices are low relative to intrinsic value, regardless of asset class, market cap, sector, or yield [1].
X @Documenting ₿itcoin 📄
This time lapse video by the company MARA shows how quickly a bitcoin mine is built in the Nebraska desert wilderness. It’s a powerful example of how Bitcoin mining is unique by using the wasted energy no other technology has ever been able to profit from.https://t.co/rsU4sxeBsd ...
X @CoinMarketCap
CoinMarketCap· 2026-02-06 16:55
LATEST: 📉 CleanSpark and IREN shares dropped 19% and 11%, respectively, on Thursday after both miners missed quarterly earnings estimates, with CleanSpark posting a $378.7 million loss. https://t.co/Ub5uiqwUqm ...
Barrick Mining's Q4 Earnings and Sales Beat on Higher Gold Prices
ZACKS· 2026-02-06 16:35
Core Insights - Barrick Mining Corporation reported profits of $2,406 million or $1.43 per share for Q4 2025, a significant increase from $996 million or 57 cents per share in the same quarter last year. Adjusted earnings per share were $1.04, surpassing the Zacks Consensus Estimate of 85 cents [1][6] - Total sales reached $5,997 million, reflecting a 64.5% year-over-year increase, also exceeding the Zacks Consensus Estimate of $5,096.9 million [1][6] Operational Highlights - Gold production totaled 871,000 ounces in the reported quarter, down approximately 19.4% year over year. The average realized price of gold was $4,177 per ounce, up around 57.2% [2] - The cost of sales increased by about 33.3% year over year to $1,904 per ounce, while all-in-sustaining costs (AISC) rose 9% to $1,581 per ounce [2] Financial Position - At the end of the quarter, Barrick had cash and cash equivalents of $6,706 million, a 64.5% increase from the prior year. Total debt was $4,703 million, down 0.5% year over year [3] - Operating cash flow for the quarter was $2.73 billion, and free cash flow was $1.62 billion [3] Guidance - For 2026, Barrick anticipates attributable gold production in the range of 2.90-3.25 million ounces. AISC is projected at $1,760-$1,950 per ounce, with cash costs per ounce forecasted at $1,330-$1,470 [4] - The company expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, with cash costs per ounce of $2.20-$2.45 and cost of sales of $3.05-$3.35 per pound for 2026 [4] Price Performance - Barrick's shares have increased by 156.2% over the past year, outperforming the industry's rise of 128.7% [5]
Scandium Canada Mandates Engineering Firm Norda Stelo to Lead the Pre-Feasibility Study for the Crater Lake Project
Thenewswire· 2026-02-06 14:30
Core Insights - Scandium Canada Ltd. has signed a service agreement with Norda Stelo for the completion of the pre-feasibility study for the Crater Lake project, with results expected by summer 2026 [1][2] - The PFS will integrate the Updated Mineral Resource Estimate NI 43-101 technical report from April 2025, while metallurgical processes will be handled by other firms selected by Scandium Canada [2] - The Crater Lake project includes the construction of mining infrastructure, a hydrometallurgy plant, and discussions on an access road from Schefferville to the site [3] Company Overview - Scandium Canada Ltd. aims to become a leading primary source of scandium, focusing on the development and commercialization of aluminum-scandium alloys to meet the demand for high-performance materials [5] - The company is committed to building a responsible economy through innovation and agility, leveraging its Al-Sc alloy development subsidiary [5] - Norda Stelo, the consulting-engineering firm involved in the project, specializes in complex projects related to infrastructure, natural resources, and energy, employing nearly 900 people [4]
Roblox surges on strong bookings, user growth
Proactiveinvestors NA· 2026-02-06 14:24
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Moon River Moly Ltd. Announces Filing of Technical Report for the Davidson Mine Preliminary Economic Assessment
TMX Newsfile· 2026-02-06 14:23
Toronto, Ontario--(Newsfile Corp. - February 6, 2026) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) ("Moon River" or the "Company") announces that the Company has filed an independent technical report entitled the National Instrument NI 43-101 Technical Report for the Davidson Mine Preliminary Economic Assessment ("PEA") ("the Davidson Mine Technical Report") dated February 6, 2026 with an effective date of December 23, 2025.The Davidson Mine Technical Report is available under the Company's profile on ...