Business Overview and Strategy - Teck is focusing on metals essential for the energy transition, aiming to be a leading provider of responsibly-produced critical minerals[13, 15] - The company is balancing growth with cash returns to shareholders, focusing on core excellence, value-driven growth, and resilience[13, 15] - Teck's strategy revolves around four pillars: metals for the energy transition, core excellence, value-driven growth, and resilience[14, 15] Operational Performance and Outlook - Teck anticipates copper production to increase from 446kt in 2024 to between 470kt and 525kt in 2025[27] - The company projects a copper EBITDA margin expansion from 42% in 2024 to 52% in 2025[27] - The net cash unit cost for copper is expected to improve from $220 per pound in 2024 to between $190 and $205 per pound in 2025[27] - The company has revised its 2025 copper production guidance for Quebrada Blanca (QB) to between 210kt and 230kt, a decrease of 20kt to 40kt from the previous guidance[44] Capital Allocation and Shareholder Returns - Teck is committed to returning 30-100% of available cash flow to shareholders[19, 29] - Approximately $60 billion has been returned to shareholders since 2020, with ~$22 billion in authorized share buybacks completed from a $325 billion program (~70%)[29] - The company maintains a base dividend of $050 per share per year paid quarterly[20, 29] Growth Projects and Balance Sheet - The Highland Valley Mine Life Extension (HVC MLE) project is sanctioned, extending the mine life to 2046, with average copper production of 132ktpa over the life of mine[33, 34] - The project capital estimate at sanction for HVC MLE is between C$21 billion and C$24 billion[34] - Teck has a strong liquidity position of $48 billion as of July 23, 2025, and net debt of C$02 billion as of June 30, 2025[37]

Core Viewpoint - Teck Resources Limited has achieved significant growth in copper production and continues to return cash to shareholders through share buybacks, while focusing on disciplined, value-accretive growth strategies [2][5]. Financial Summary - Revenue for Q2 2025 was CAD$2,023 million, up from CAD$1,802 million in Q2 2024, representing an increase of 12.3% [4]. - Gross profit for Q2 2025 was CAD$471 million, compared to CAD$418 million in Q2 2024, reflecting a 12.7% increase [4]. - Adjusted EBITDA for Q2 2025 was CAD$722 million, slightly higher than CAD$703 million in the same period last year [5]. - Profit from continuing operations attributable to shareholders was CAD$206 million in Q2 2025, significantly up from CAD$21 million in Q2 2024 [5]. Copper Production and Business Updates - Copper production in Q2 2025 was 109,100 tonnes, with 52,700 tonnes coming from the Quebrada Blanca (QB) operation, remaining stable compared to the previous year [5]. - The Highland Valley Copper Mine Life Extension project has received Board sanction and regulatory approval, extending the mine's life from 2028 to 2046 with an average production of 132,000 tonnes of copper per year [5][10]. - The company has revised its 2025 annual copper production guidance to 470,000 to 525,000 tonnes from a previous estimate of 490,000 to 565,000 tonnes [15]. Shareholder Returns - Teck returned approximately CAD$1.0 billion to shareholders through share buybacks from January 1 to July 23, 2025, including CAD$487 million in Q2 2025 [5]. - The company has completed CAD$2.2 billion of its CAD$3.25 billion authorized share buyback program [5]. Cost and Guidance Updates - The net cash unit costs for copper have been revised to US$1.90–$2.05 per pound from US$1.65–$1.95 per pound due to lower production and increased costs [15]. - The 2025 annual growth capital expenditure guidance has been updated to CAD$1,040–$1,170 million, reflecting the impact of the Highland Valley Copper Mine Life Extension project [15]. Safety and Sustainability - Teck reported a low High-Potential Incident Frequency rate of 0.09 for the six months ended June 30, 2025, below the 2024 annual rate of 0.12 [16]. - The company was recognized as one of the Best 50 Corporate Citizens in Canada for the 19th consecutive year [16].

Industry Dynamics - Lynas, the largest magnet metals producer outside China, notes increased interest in its products due to US initiatives aimed at reducing China's dominance in the sector [1]

Financial Performance - Freeport-McMoRan reported $7.58 billion in revenue for the quarter ended June 2025, a year-over-year increase of 14.5% [1] - The EPS for the same period was $0.54, compared to $0.46 a year ago, indicating a positive growth trend [1] - The reported revenue exceeded the Zacks Consensus Estimate of $7.12 billion, resulting in a surprise of +6.47% [1] - The company delivered an EPS surprise of +17.39%, with the consensus EPS estimate being $0.46 [1] Key Metrics - Gold sales on a consolidated basis were 522.00 Koz, surpassing the average estimate of 498.98 Koz [4] - Molybdenum production in South America (Cerro Verde) was 4.00 Mlbs, below the average estimate of 6.67 Mlbs [4] - Molybdenum production as a by-product in North America was 9.00 Mlbs, exceeding the average estimate of 7.67 Mlbs [4] - Total net cash cost per pound of copper was $1.13, lower than the average estimate of $1.30 [4] Revenue Breakdown - Revenues from Indonesia reached $3.42 billion, exceeding the average estimate of $3.16 billion, with a year-over-year change of +50.7% [4] - Revenues from molybdenum were $180 million, compared to the average estimate of $254.9 million, reflecting a +30.4% year-over-year change [4] - Revenues from South America copper mines were $1.26 billion, in line with the average estimate, but represented a -16.6% year-over-year change [4] - Revenues from North America copper mines were $1.03 billion, significantly lower than the estimated $1.59 billion, marking a -33% change compared to the previous year [4] - Revenues from Rod & Refining were $1.7 billion, slightly above the average estimate of $1.63 billion, with a -0.2% year-over-year change [4] - Revenues from Atlantic Copper Smelting & Refining were $818 million, exceeding the average estimate of $786.41 million, with a -9.1% year-over-year change [4] - Corporate, other & eliminations reported revenues of $-1.51 billion, better than the estimated $-1.73 billion, with a +4.6% year-over-year change [4] Stock Performance - Freeport-McMoRan shares returned +9% over the past month, outperforming the Zacks S&P 500 composite's +5.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Project Overview - Maronan Metals Limited (ASX:MMA) is focused on the Queensland Silver Development Story [1, 13] - The company has large silver-lead and copper-gold resources [13] - A scoping study is targeted for Q1 FY26 [14] Resource Highlights - The global indicated and inferred silver-lead resource is 33.1 Mt @ 6.0% lead and 108 g/t silver, containing 114.5 Moz of silver and 2.0 Mt of lead [16, 26, 45] - The copper-gold resource is 32.0 Mt @ 0.85% copper and 0.63 g/t gold, containing 271kt of copper and 649koz of gold [16, 32, 47] - The Starter Zone Resource is 12.2 Mt @ 5.0% lead and 112 g/t silver [29, 46] Development Plans - The company lodged a Mineral Development Lease application in March 2025, seeking approval for an exploration decline, bulk samples, and underground drilling [35] - The next stages of growth include a scoping study in Q1 FY26 and MDL approval in Q2 FY26 [37] Share Capital Structure - The company has 201,252,826 shares on issue [17] - The share price as of July 18, 2025, was 23.5c, resulting in a market capitalization of $47.3 million [17]

Mining Industry Incident - DR Congo rescuers are digging with bare hands for trapped miners [1]

Core Viewpoint - Magna Mining Inc. has successfully completed the acquisition of a portfolio of exploration properties from NorthX Nickel Corp., enhancing its holdings in the Sudbury Basin to a total of 584 km² [1][2]. Company Overview - Magna Mining is a producing mining company focused on copper, nickel, and PGM projects in the Sudbury Region of Ontario, Canada, with primary assets including the McCreedy West copper mine and several past-producing mines [17]. Transaction Details - The acquisition involved Magna paying C$1.00 to NorthX and assuming liabilities related to the Broken Hammer mine closure plan, which includes a financial assurance of approximately C$481,629 [10]. - NorthX will pay Magna C$665,000 to cover costs associated with the Broken Hammer mine closure plan [10]. Property Portfolio - The acquired NorthX properties cover 304 km² and include past-producing properties such as Parkin and Wisner, as well as several exploration properties in the Sudbury Igneous Complex [2][6]. - The Parkin property has historical production of 157,000 tons grading 1.5% Ni, 1.5% Cu, and 6.2 g/t Pt + Pd + Au, with drillhole intersections showing high-grade mineralization [7]. - The Wisner property historically produced 295,000 tonnes grading 0.9% Cu and 4.1 g/t Pt + Pd + Au, with additional properties like Blezard and Creighton South showing significant measured and indicated resources [8]. Exploration Potential - Magna Mining believes the acquired properties have high potential for new discoveries, particularly in areas corresponding to the footwall of known Sudbury deposits [3]. - The exploration team will compile and interpret existing data to identify and test high-priority exploration targets [9].

Group 1 - Centerra Gold (CGAU) is a smaller-sized gold miner expected to produce between 270,000 to 310,000 ounces in 2024, but faced challenges due to no processing at the mine in Türkiye and lower grades [1] - The company had a difficult year in 2024, which impacted its production capabilities [1] Group 2 - The analyst has over 10 years of experience researching various companies across different sectors, including commodities and technology [1] - The focus has shifted to a value investing-oriented YouTube channel after three years of blogging, with a particular interest in metals and mining stocks [1]

Shares of Northern Dynasty Minerals, the owner of Alaska’s Pebble mine project, plunged as much as 55% Thursday before paring losses https://t.co/eA7fWYHRVk ...

Recent Equity Raise and Debt Restructure Closing paves the way to Major Milestones KELLOGG, Idaho and VANCOUVER, British Columbia, July 14, 2025 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. ("Bunker Hill" or the "Company") (TSX-V: BNKR |OTCQB: BHLL) is pleased to provide an update of the significant progress made during H1 2025. Over the past six months, as previously announced, the corporate team has worked closely with its strategic partners to close the transformational equity and debt restructuring deal ...