Currency Trading - Long euro versus US dollar, currently at 117, expected to reach 1223 quarters (approximately 12275) [1] Commodity Investments - Copper miners are suggested as a potential investment, mirroring the rally of gold miners with the gold move [1] Energy Sector - XLE (Energy Select Sector SPDR Fund) is identified as a breakout candidate [1] - XOM (Exxon Mobil Corporation) is also mentioned, staying within the X theme [1]

Group 1: Freeport-McMoran Inc. (NYSE:FCX) - A class action lawsuit has been initiated on behalf of stockholders of Freeport-McMoran Inc. alleging that the company made false and misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia [7] - The lawsuit claims that Freeport did not adequately ensure safety, leading to a heightened risk of worker fatalities and undisclosed regulatory, litigation, and reputational risks [7] - Investors are encouraged to petition the court to serve as lead plaintiff by the deadline of January 12, 2026 [7] Group 2: Primo Brands Corporation (NYSE:PRMB) - A class action lawsuit has been filed for stockholders of Primo Brands Corporation following a merger announcement with Blue Triton Brands, which was described as a transformative all-stock transaction [7] - The complaint alleges that the merger integration faced significant challenges, including technology and service issues, contradicting earlier positive statements from the company [7] - Following the announcement of a new CEO and a reduction in financial guidance, the stock price dropped by $8.20 per share, over 36%, resulting in a loss of $2.0 billion in market capitalization [7]

Deal Overview - Barrick Mining Corporation plans to evaluate an Initial Public Offering (IPO) of its North American assets, forming a subsidiary (NewCo) to house its highest-quality gold assets [2][4] - NewCo will include Barrick's 61.5% interest in the Nevada Gold Mines joint venture, a 60.0% stake in the Pueblo Viejo mine, and the 100%-owned Fourmile project in Nevada [2][4] Strategic Rationale - The move aims to address the valuation gap between Barrick and its North American peers, as Barrick currently trades at an EV/EBITDA multiple of 7-8x compared to 10-11x for pure-play North American producers [7] - By separating its North American operations, Barrick seeks to eliminate the conglomerate discount associated with its higher-risk assets in Africa and Asia, thereby attracting investors focused on stable, high-margin gold production [6][7] Asset Quality - NewCo will benefit from the high-quality asset base, including the Nevada Gold Mines complex, which is the largest gold-producing complex globally, and the Fourmile project, which has high ore grades (12-16 g/t) and significant production potential [8] - Fourmile is projected to produce 600,000–750,000 ounces annually over a 25+ year mine life, with all-in sustaining costs estimated at $650–$750 per ounce, making it a key contributor to Barrick's overall production [8] Market Conditions - The favorable backdrop of rising gold prices, driven by macroeconomic uncertainty and strong central bank demand, enhances the attractiveness of Barrick's proposed IPO [9] - Elevated gold prices are expected to drive margin expansion and increase the valuation premium for operations in low-risk jurisdictions, making this an opportune time for monetization [9] Parent Company Focus - Following the IPO, Barrick will continue to operate its diversified global portfolio, focusing on copper growth projects such as Reko Diq in Pakistan and Lumwana in Zambia, while leveraging cash flow from its gold mines [5][10] - This bifurcation clarifies the investment proposition for both entities, with NewCo offering stability and dividends, while RemainCo targets growth in copper and energy transition metals [10] Financial Implications - The IPO is expected to serve as an efficient capital-raising mechanism, with North American assets generating over $2.8 billion in EBITDA during 9MFY25 [11] - Proceeds from the offering could strengthen Barrick's balance sheet, enabling funding for capital-intensive projects or returning capital to shareholders without diluting equity [11] Company Overview - Barrick Mining Corporation is a leading global mining company focused on gold and copper production, with a strategic vision centered on owning Tier One assets [12][26] - The company operates in 18 countries and is the largest gold producer in the United States, with a diverse portfolio that includes twelve producing gold mines and three producing copper mines [13][26]

Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: GPGCF) (FSE: V3H) ("Great Pacific Gold," "GPAC," or the "Company") announces results from its expanded Phase 1 diamond drill program at its flagship Wild Dog Project ("Wild Dog" or the "Project"), located on the island of New Britain, East New Britain Province, Papua New Guinea ("PNG"). The Phase 1 program is focused on the Sinivit target, a portion of the 15 km Wild Dog epithermal structural c ...

The proposed Anglo Teck copper merger has been approved by the shareholders of Anglo American and Teck Resources. More than 99.17% of votes cast by the shareholders of the London-listed miner backed the deal. Teck's shareholders also surpassed the required two-thirds approval threshold. The combined entity, Anglo Teck, will be headquartered in Vancouver, Canada. The merger, first announced in September, will now move forward to obtain regulatory approvals in several jurisdictions including Canada. The ...

Core Viewpoint - Latin Metals Inc. has announced a spin-out transaction involving its Para and Auquis Copper Projects in Peru, aimed at creating parallel value-creation opportunities for shareholders through the establishment of a new subsidiary, Latin Explore Inc. [1][2][3] Arrangement Details - The spin-out will be executed via a statutory plan of arrangement under the British Columbia Business Corporations Act, distributing approximately 10,944,000 common shares of Latin Explore to Latin Metals' shareholders [4] - Upon completion, shareholders of Latin Metals will hold approximately 28.3% of Latin Explore, while the company will retain about 7.1% and shareholders of Finco will hold approximately 64.6% [4] Financing and Share Exchange - Latin Explore will complete a share exchange with Finco, which has raised $2,500,000 through a private placement of 25,000,000 subscription receipts at $0.10 each [5] - Each subscription receipt will convert into a unit of Finco, consisting of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.20 for 24 months [5][6] Special Committee and Recommendations - A special committee of independent directors reviewed the arrangement and recommended approval to the board, which has determined the arrangement is in the best interests of the company [10] - Evans & Evans, Inc. provided a verbal opinion that the arrangement is fair from a financial perspective for shareholders [10] Conditions and Approvals - The arrangement is subject to customary conditions, including approvals from the TSX Venture Exchange and a two-thirds majority vote from shareholders at the upcoming special meeting [11] - The listing of Latin Explore shares on the TSXV will depend on meeting the exchange's listing requirements [11] Project Overview - The Para Copper Project was acquired by Latin Metals in 2023 and expanded in 2025, with historical exploration data from Vale Exploration Peru S.A.C. confirming multiple porphyry-style targets [13][14] - The Auquis Copper Project has potential for various deposit types, with surface exploration revealing significant magnetic anomalies and mineralization [16] Company Background - Latin Metals Inc. operates under a prospect generator model, focusing on copper, gold, and silver exploration in Peru and Argentina, with 18 projects secured through option agreements with major mining companies [18]

Core Insights - Solis Minerals has obtained drilling permits for its Cinto copper project in southern Peru, allowing the company to initiate a diamond drilling campaign focused on geochemical and geophysical targets [1][3] Group 1: Project Details - The Cinto copper project is strategically located 15 km from Southern Copper's Toquepala mine and 38 km from Anglo American's Quellaveco mine, which produces over 300,000 tonnes of copper annually [2] - The project is situated within the Cenozoic porphyry belt and along the Incapuquio fault zone, a significant geological structure linked to major copper deposits in the region [2] Group 2: Operational Plans - Mobilization of the drill rig and preparation of the drill pad are set to commence this month, indicating a proactive approach to exploration [3] - The CEO of Solis Minerals expressed enthusiasm about the drilling permits, highlighting the project's mineralized footprint and its proximity to major copper mines and infrastructure [3] Group 3: Company Strategy - Solis Minerals aims to unlock the potential of its South American copper assets and is actively working to expand its copper portfolio within Peru's coastal belt [3]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, about the upcoming lead plaintiff deadline for a securities class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Freeport-McMoRan securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by January 12, 2026 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Freeport-McMoRan made false and misleading statements regarding safety measures at the Grasberg Block Cave mine in Indonesia, which posed a heightened risk to workers [5]. - It is claimed that the lack of proper safety precautions led to undisclosed regulatory, litigation, and reputational risks, resulting in materially false statements about the company's business and operations [5].

Core Insights - Gold Royalty has agreed to acquire a royalty on the Pedra Branca mine for $70 million, enhancing its gold and copper exposure [1][2] - The acquisition includes a 25% net smelter return (NSR) royalty on gold and a 2% NSR royalty on copper and other products [2] - The Pedra Branca mine is currently operated by BHP Group, which has extended its mine life and reported increases in resources and reserves [7] Financial Aspects - The royalty expense recorded to the prior holder was approximately $7.9 million for the 12 months ended June 30, equivalent to about 2,800 gold-equivalent ounces at an average gold price of $2,811 per ounce [3] - To fund the acquisition, Gold Royalty plans to raise $70 million through a bought deal financing, selling 17.5 million common shares at $4.00 per share [5] - Gold Royalty's stock closed at $3.85, down 9.5%, with a market capitalization of $758.3 million [5] Operational Context - The Pedra Branca mine is part of the Carajás East operation, previously held by Oz Minerals, which began production in 2020 [6] - BHP took over the project through its acquisition of Oz in 2023 and has reported significant resource estimates, including 2.4 million tonnes at 1.68% copper and 0.47 g/t gold [7] - A pending acquisition of Pedra Branca by CoreX Holding BV, valued at up to $465 million, is subject to customary closing conditions [8]

Core Viewpoint - The acquisition of the Condestable mine positions Rio2 as a diversified Latin American gold miner with copper exposure, enhancing its growth potential and cash flow generation capabilities [1][3]. Acquisition Details - Rio2 has entered into a definitive agreement to acquire a 99.1% interest in the Condestable mine in Peru for a total consideration of US$217 million, which includes US$180 million upfront and US$37 million in deferred payments [2][9]. - The transaction implies an enterprise value of approximately US$241 million, factoring in the assumption of US$24 million in net debt as of September 30, 2025 [2][9]. Financial Implications - The acquisition is expected to generate average annual EBITDA of approximately US$110 million at consensus prices, supporting expansions at both the Fenix Gold and Condestable operations [4][9]. - Pro forma, Rio2 anticipates generating average annual EBITDA of approximately US$330 million following the acquisition [4]. Operational Highlights - Condestable is a well-established underground copper operation with a forecasted production of approximately 27,000 tonnes per annum (ktpa) of copper equivalent, translating to about 80,000 ounces (oz) on a gold equivalent basis [4][5]. - The mine has a reserve life of over ten years and is situated in a top-tier mining jurisdiction, complementing Rio2's existing operations in Chile [4][5]. Growth Potential - There is potential to expand underground mining capacity to 12,000 tonnes per day (tpd) and opportunities for open-pit development, which could significantly increase annual production [6][7]. - The Condestable mine is located within a highly prospective IOCG belt, with several high-quality exploration targets identified, supporting long-term resource growth [7][8]. Environmental and Social Governance (ESG) - Condestable operates using 100% renewable electricity and has a strong history of community engagement, reinforcing its social license to operate [8][9]. - The mine has received the Copper Mark certification, indicating adherence to responsible mining practices and contributions to sustainable development goals [9]. Financing Structure - Rio2 has arranged a financing package of approximately US$165 million to fund the acquisition, which includes vendor debt and equity financing [13][19]. - The equity financing involves a bought deal of C$140 million (approximately US$100 million) through the sale of subscription receipts [15][19]. Project Updates - The Fenix Gold Project is on track for first gold production in January 2026, with construction currently 80% complete [28]. - The company aims to ramp up production to 100,000 ounces of gold per annum by the end of 2026, with further expansion plans targeting a production rate of 80,000 tpd [28][29].