McEwen (NYSE:MUX) 2025 Conference September 10, 2025 01:15 PM ET Speaker0And gold's going up, silver's going up, copper's going up. And we're in Beaver Creek. Put a smile on your face. Alright. So, you know, the macro picture is really looking good right now.We have commodities at a fifty five year low. They're cyclical. The best bet in Goldman Sachs commodity issue right now is gold. It has the highest consistency. And gold investments around the world are at the lowest point they have been in many years.S ...

Group 1: Oracle's Strong Performance - Oracle shares surged by 40%, marking the largest one-day increase since the 1990s, driven by a robust forecast for its cloud infrastructure business [5][10][27] - The company expects cloud infrastructure revenue to grow by 77% this fiscal year, reaching $18 billion, with projections of $32 billion next year and $144 billion by fiscal year 2030 [19][27] - Analysts have raised price targets for Oracle, with estimates reaching as high as $400, reflecting confidence in the company's long-term competitive position in the AI infrastructure market [47] Group 2: Market Reactions and Economic Indicators - The Dow Jones Industrial Average saw a slight decline of about 73 points, while the S&P 500 and Nasdaq Composite reached new record highs, indicating mixed market reactions [2][3] - Wholesale inflation unexpectedly declined, reinforcing expectations that the Federal Reserve may cut interest rates in the upcoming meeting [3][27] - The technology sector, particularly driven by Oracle's performance, emerged as the best-performing group, with the XLK sector index up 2.3% [4][3] Group 3: Competitive Landscape and Future Outlook - Oracle's focus on performance and speed in cloud services is seen as a competitive advantage, allowing it to potentially undercut rivals on costs [15][16] - The company is positioning itself as a disruptor in the AI and GPU market, which could lead to a larger book of business than competitors like Google in the future [17][18] - The demand for AI infrastructure is expected to remain strong, with no signs of slowdown, indicating a robust growth trajectory for Oracle and similar companies [20][22] Group 4: Tariff Developments and Market Implications - President Trump is advocating for new tariffs on China and India, with the Supreme Court agreeing to fast-track a case regarding the legality of these tariffs [51][52] - The potential for tariff refunds has raised questions among investors, with implications for Treasury markets if significant refunds are issued [54][56] - The ongoing trade dynamics between the U.S. and China are expected to remain stable in the near term, as the U.S. administration seeks to balance its trade strategies [65][66]

And welcome back to halftime. It's time for the call of the day. We're going to start off with Pneumont upgraded to outperform at RBC.SH's up just about 3%. Joe, you own this one in the Jot ETF. There's an obvious correlation to rising gold prices.I think most of us understand that. A lot of calls on the street for gold to see 4,000 very quickly. But for this company, they really have begun to manage the business a lot better.Shedding non-core assets, focusing on free cash flow. stock is up 51% year to date ...

Core Insights - Teck Resources Limited (TECK) shares increased by 14% following the announcement of a merger with Anglo American plc (NGLOY) to form the Anglo Teck group, which aims to lead in global critical minerals and attract shareholders from both companies [1][9] Group 1: Merger Details - The new entity, Anglo Teck, will have over 70% exposure to copper and is projected to be among the top five global copper producers, featuring six world-class copper assets along with premium iron ore and zinc operations [2][3] - The merger is expected to generate approximately $800 million in annual pre-tax synergies within four years, with 80% of these synergies anticipated within the first two years through economies of scale and operational efficiencies [6] - Teck Resources will hold 37.6% of Anglo Teck, while Anglo American will retain 62.4%, with each Teck share exchanged for 1.3301 Anglo American shares, pending regulatory and court approvals [7] Group 2: Economic Impact - The merger is projected to boost Canada's economy with an investment of approximately C$4.5 billion ($3.25 million) over five years, focusing on extending the life of the Highland Valley Copper Mine and enhancing critical minerals processing capacity [4][9] - Anglo Teck plans to invest in new copper mines in Northwestern British Columbia and prioritize critical minerals exploration, innovation, skills training, research, and job creation in Canada [4] Group 3: Production Projections - The combined annual copper production is expected to rise from 1.2 million tons to 1.35 million tons by 2027, reflecting a growth rate of 10% [3] - The merger will also position the combined company as one of the largest zinc producers globally, with operations including the Red Dog mine in Alaska and the Trail Operations in British Columbia [3]

Core Points - A Delaware court is likely to deny Gold Reserve's motion to disqualify Elliott Investment Management's bid for Citgo Petroleum's parent company [1] - The court will hold a final sale hearing next week to auction shares to pay creditors for Venezuela's past expropriations and debt defaults [1] Bid Details - Elliott's affiliate Amber Energy submitted a $5.9 billion bid, which is currently the best offer in the auction [2] - Gold Reserve's affiliate Dalinar Energy made a competing bid of $7.9 billion, but it was not recommended by the court officer overseeing the auction [2] Objections and Legal Proceedings - Gold Reserve and other creditors objected to Amber's bid, citing concerns that a $2.1 billion payment to holders of a defaulted Venezuelan bond would disadvantage some creditors in Delaware [3] - The upcoming four-day hearing will allow creditors, witnesses, and experts to present arguments regarding the bids [4]

Core Insights - Agnico Eagle Mines Limited (AEM) has sold 38,002,589 common shares of Orla Mining Ltd. for C$14.75 per share, totaling proceeds of C$560,538,188, ending its 11.3% ownership stake in Orla [1][2][8] - The sale marks the conclusion of a mutually beneficial relationship as Orla Mining has transitioned from a junior exploration company to a mid-tier gold producer [3][8] - Agnico Eagle plans to focus on high-quality internal growth projects and redeploy capital into strategic positions with high geological potential [4][8] Financial Performance - AEM's stock has increased by 96% over the past year, outperforming the industry average rise of 74.5% [6] - The Zacks Rank for AEM is currently 1 (Strong Buy), indicating strong market confidence [7]

Company Strategy - Vale CEO 表示公司在铜矿竞争中落后 [1] - Vale 将加速自身矿业资产的开发，而非寻求潜在交易，以重新获得优势 [1]

The companies have proposed the deal as a “merger of equals,” even though Anglo American is worth more than double Teck, as plans include sourcing upper management and board representation roughly equally between the two.The deal would also see company headquarters of what would be known as Anglo Teck move to Vancouver, as proponents look to sell Canada on the benefits of the deal that will attract regulatory scrutiny.“We think this is a hugely compelling opportunity for Canada,” said Teck chief executive J ...

Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing a wealth of experience in journalism, particularly in finance and commodities [1][5] Background and Career Development - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, particularly in mining and small-cap sectors [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and CTV News Network [2] - A significant highlight of his career was covering the 2010 Vancouver Olympic Games, which led to the development of an online video news program for PressReader, a digital newsstand with 8,000 editions in 60 languages [3] Digital Media and Industry Engagement - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers, establishing him as a prominent voice in the cannabis industry [4] - Following this success, he created Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-cap markets [4] Professional Expertise - Jeremy has experience as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology sectors [5] - He holds a BA in Journalism from Concordia University, which has supported his diverse career trajectory [5]

We recently published 10 Stocks With Eye-Popping Gains — 1 Surges 3,000%. Teck Resources Ltd. (NYSE:TECK) is one of the top performers on Tuesday. Teck Resources extended its winning streak to a third straight day on Tuesday, jumping 11.28 percent to close at $39.07 apiece after gaining shareholder support for its planned $53 billion merger with Anglo American PLC that would create the fifth largest copper producer globally. In a statement, Teck Resources Ltd. (NYSE:TECK) said that it officially reached ...