Core Viewpoint - Kenmare Resources plc has announced the appointment of Ekaterina (Katia) Ray as an independent Non-Executive Director, alongside other changes to its Board of Directors, aimed at strengthening the company's governance and strategic direction [2][3]. Group 1: Board Changes - Katia Ray has been appointed as an independent Non-Executive Director and member of the Remuneration Committee, effective immediately [2]. - Graham Martin will retire from the Board after nine years of service, effective January 31, 2026 [8]. - Elaine Dorward-King will take on the role of Senior Independent Director, while Katia Ray will chair the Remuneration Committee and Deirdre Somers will chair the Nomination Committee [8]. Group 2: Background of Katia Ray - Katia Ray has over 25 years of senior-level experience in the mining sector, including roles at FTSE 100 companies across Europe, Africa, North America, and Asia [5]. - She has held various senior positions in sales, marketing, business development, and change management during her 15 years at Rio Tinto [5]. - Katia founded her consultancy, KPNB Limited, in 2009, providing strategic advice to multinational corporations and private equity firms [6]. Group 3: Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique [2]. - The Moma mine accounts for approximately 6% of global titanium feedstocks, supplying customers in over 15 countries [9].

Core Viewpoint - The article discusses the current sentiment in the precious metals market, particularly gold and silver, in light of recent CFTC data and macroeconomic factors, suggesting potential investment opportunities and risks based on market trends and geopolitical developments [2][23]. Group 1: Market Sentiment and Price Trends - The CFTC data is updated only until September 23 due to the U.S. government shutdown, showing a 3.2% drop in gold prices, ending a nine-week upward trend [2][23]. - Gold and silver prices are showing signs of weakness, with gold potentially forming a double top pattern [2][23]. - Gold mining stocks, including ETFs like GDX and GDXJ, have doubled in value compared to the end of last year, indicating strong performance in the sector [2][23]. Group 2: Future Price Predictions - If Trump can influence the Federal Reserve next year, gold prices may continue to rise, with the potential for significant price movements depending on U.S.-China trade discussions [2][23][24]. - A successful trade outcome could lead to further declines in gold and silver prices, possibly dropping below $4,000 [2][24]. - The article emphasizes that any market corrections in a bull market should be viewed as buying opportunities [2][24]. Group 3: CFTC Data Insights - As of September 23, net long positions in COMEX gold decreased by 1.1%, while silver saw an increase of 5.1% [2][5]. - The net long position in platinum increased by 24.8%, indicating a shift in market sentiment towards this metal [2][5]. - The article notes that the copper market has seen a shift from negative to positive net positions, reflecting changing investor sentiment [2][11]. Group 4: Economic Indicators and Predictions - The market anticipates a 96.7% chance of a 0.25% rate cut by the Federal Reserve on October 29, with expectations for further cuts in December and January [21][23]. - The article suggests that if inflation pressures rise alongside rate cuts, it could complicate the Federal Reserve's monetary policy decisions [29]. - The overall economic outlook for next year is expected to be weaker, with potential stagflation impacting commodity demand [27][29]. Group 5: Investment Strategies - The article highlights the importance of monitoring gold mining stocks as a leading indicator for gold prices, suggesting that a divergence between gold prices and mining stocks could signal caution [16][24]. - The gold-silver ratio is used as a measure of market sentiment, with the ratio currently at 84.612, indicating a slight increase in market fear [20][24]. - The article concludes that the current environment presents both risks and opportunities for investors in precious metals, particularly in light of geopolitical and economic developments [2][23][24].

Core Insights - CMOC Group reported record high results for 3Q25, with net profit attributable to shareholders growing 73% YoY to Rmb14.3 billion, driven by increased sales volume and prices of metal products [1] Financial Performance - In 1–3Q25, revenue decreased by 6% YoY to Rmb145.5 billion, while net profit attributable to shareholders increased by 73% YoY to Rmb14.3 billion [1] - For 3Q25, revenue fell 2% YoY but rose 4% QoQ to Rmb50.7 billion, with net profit attributable to shareholders growing 96% YoY and 19% QoQ to Rmb5.6 billion [1] - Copper and cobalt output rose 14% and 4% YoY, respectively, in 1–3Q25, meeting 86% and 80% of the firm's annual guidance [1] Sales and Pricing - Copper sales volume increased by 11% YoY, while cobalt sales volume fell by 36% YoY in 1–3Q25, primarily due to a cobalt export ban from the Democratic Republic of the Congo [1] - Average prices for copper, cobalt, molybdenum, tungsten, niobium, and phosphorus rose by 4%, 15%, 7%, 30%, 8%, and 20% YoY, respectively, in 1–3Q25 [1] Strategic Developments - The firm announced the Phase II KFM project, targeting an annual copper production capacity of 800,000 to 1 million tons, expected to start production in 2027 [2] - A significant equity incentive plan was proposed to issue 393 million H shares to retain core talent [3] Market Dynamics - Tightening supply and demand dynamics are expected to push up cobalt prices, with the DRC's cobalt quota for 2026/27 accounting for 44% of its 2024 output [4] - The company holds the highest local market quota for cobalt, which is projected to account for 32% of the total local quota and 29% of its 2024 sales volume [4] Financial Forecasts and Valuation - Earnings forecasts for 2025 and 2026 have been raised by 26.6% and 32.0%, respectively, to Rmb20.67 billion and Rmb27.25 billion [5] - A-share stock is trading at 17.4x 2025e and 13.2x 2026e P/E, while H-share stock is trading at 15.4x 2025e and 11.5x 2026e P/E [5] - Target prices for A-shares and H-shares have been raised by 41% to Rmb20.4 and HK$19.7, respectively, implying a 21.6% upside [5]

Core Viewpoint - CMOC's net profit for 3Q25 increased by 19% QoQ to RMB5.6 billion, significantly exceeding forecasts by 62% due to higher copper sales volume and a lower effective tax rate [1] Financial Performance - The company's copper sales volume decreased by 1% QoQ to 197.7k tonnes, but this was still 32% above forecasts due to a deviation from last year's seasonal pattern [2] - The effective profit tax rate was recorded at 27.5%, which is 9.5 percentage points lower than anticipated [2] - Cobalt sales were still recorded despite an export ban in the DRC, and trading profit surged 3.2 times QoQ, contributing to the strong earnings performance [2] Production Metrics - Copper output grew by 4% QoQ, while cobalt output fell by 12% QoQ, with the company continuing cobalt production despite the export ban [3] Future Earnings Expectations - Earnings are expected to surge by 42% QoQ in 4Q25, driven by a projected 10% increase in average LME copper prices and a rise in cobalt sales volume due to a secured export quota of 6.5k tonnes, which is 35% higher than 3Q25 sales [4] - A one-time gain of RMB1.5 billion from the disposal of a subsidiary in Xinjiang is also anticipated [4] Capital Expenditure and Growth Plans - The company plans to commence construction of Phase 2 of the KFM Mine in the DRC, with a capital expenditure of US$1.08 billion, which is 27% above previous forecasts [5] - This project is expected to add new capacity of 100k tonnes per annum of copper, with completion anticipated in the first half of 2027, at least six months ahead of prior estimates [5] Valuation Adjustments - The DCF-based target price has been raised from HK$13.91 to HK$15.56, reflecting increased earnings forecasts, equating to a 14.8x core 2025E P/E ratio [5]

Core Insights - The report highlights the challenges faced by the U.S. in securing a stable supply chain for critical minerals essential for the energy transition, particularly in sectors like electric vehicles, solar power, and AI data centers [1][2][10] - It emphasizes the need for a balanced approach between domestic production and international cooperation to overcome supply chain vulnerabilities [10][20] Supply and Demand Gap - The U.S. has limited domestic reserves for many critical minerals, leading to a reliance on imports. By 2035, only zinc and molybdenum are projected to achieve supply-demand balance domestically, while significant imports will still be necessary for copper, lithium, and other minerals [2][20] - For copper, the demand is expected to reach nearly 2.92 million tons by 2035, with domestic production only able to meet 180,000 tons, resulting in a shortfall of over 110,000 tons and an import dependency of 62% [2][20] - Lithium demand is projected to exceed 107,000 tons by 2035, with domestic supply only reaching 28,000 tons, leading to an import dependency of over 280% [2][20] Processing and Smelting Challenges - The U.S. faces significant shortcomings in the smelting and processing stages of the supply chain, with only three copper smelting facilities currently operational, which are insufficient to meet domestic processing needs [3][20] - China's expansion in midstream processing capabilities poses a "choke point" risk for the U.S. in the critical minerals supply chain [3][20] Policy Contradictions - Recent U.S. policies, including the One Big Beautiful Bill Act (OBBBA), aim to bolster domestic mining but simultaneously phase out tax credits that could enhance mining competitiveness, creating a structural dilemma [4][21] - Tariff policies have been inconsistent, leading to market volatility and raising questions about the stability of U.S. mineral policies [4][5][21] Proposed Solutions - The report suggests a comprehensive domestic strategy that integrates the entire mining ecosystem, including streamlined permitting, modern equipment, and efficient logistics networks [6][23] - A "friendshoring" approach is recommended, focusing on partnerships with allies and resource-rich developing countries to diversify supply chains and reduce reliance on any single nation [7][23] - Innovative policy mechanisms, such as guaranteed price contracts with miners, are proposed to provide investment certainty while avoiding the pitfalls of blanket tariffs [8][24] Conclusion - The U.S. must enhance its domestic capabilities while fostering international partnerships to secure a stable supply of critical minerals, balancing resource security with manufacturing competitiveness [10][25]

Core Viewpoint - Perpetua Resources Corp. has announced a public offering of 2,938,000 common shares at a price of US$24.25 per share, aiming to raise approximately $71.2 million, with potential additional proceeds from a concurrent private placement with Agnico Eagle Mines Limited [1][2]. Group 1: Offering Details - The gross proceeds from the public offering are expected to be approximately $71.2 million, and if Agnico exercises its participation right fully, total proceeds could reach approximately $78.2 million [2]. - The offering is set to close on or about October 30, 2025, subject to customary conditions [5]. - The common shares will be offered in the United States under an effective shelf registration statement, with BMO Capital Markets, National Bank of Canada Capital Markets, and RBC Capital Markets acting as joint book-running managers [4][6]. Group 2: Use of Proceeds - The net proceeds from the offering and the concurrent private placement will be utilized for the construction and development of the Stibnite Gold Project, working capital costs, ongoing exploration and development activities, restoration and reclamation work, and general corporate purposes [3]. Group 3: Project Overview - The Stibnite Gold Project is recognized as one of the highest-grade open-pit gold deposits in the United States, focusing on responsible mining practices to restore an abandoned mine site while producing gold and antimony, which is critical for U.S. defense needs [9].

November 3, 2025VANCOUVER, British Columbia, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer, Jonathan Price and members of Teck’s executive management team will be presenting on Monday, November 3, 2025 from 10:55 a.m. to 1:30 p.m. Eastern / 7:55 a.m. to 10:30 a.m. Pacific time as part of Teck’s QB Operations Site Visit. A webcast to view the event will be held as follows: Date:Monday, November 3, 2025Time:10:55 a ...

Final trade time. Tim >> Southern Copper. Copper is going higher.>> Finally, >> I tend to agree. Real >> Dan. >> Tim's PayPal.What do you say. Can't hurt you. Can't hurt you.No. >> Well, I said bye. >> Neither can Evan Brown, who we now totally.>> Uh, I think New Mining is turning again. Melms. >> All right.Thank you for watching Fast. See you back here tomorrow 5. Mad Money starts right now. ...

Welcome back to another episode of Earnings Allstars. And this week is huge. We're getting the Mag Sevens.I've already covered those last week. Go see the video on the Mag Seven charts. I think that's what it's called.Five or six Mag Seven charts, something like that. Go check that one out. But there's a lot going on other than the Mag Seven this week.And I'm bringing you two videos this week to try to cover at least 10 of those stocks. And I'll have many more on my Twitterx feed, on Stock Twits, on Blue Sk ...

Core Viewpoint - Freeport-McMoRan is a significant player in the mining industry, particularly in copper and gold production, despite facing operational challenges and competition from other major companies [1][3][5]. Group 1: Company Overview - Freeport-McMoRan operates globally with key assets such as the Grasberg mine in Indonesia [1]. - The company has a market capitalization of approximately $59.68 billion and has experienced significant stock price volatility over the past year, with a high of $49.21 and a low of $27.66 [5]. Group 2: Financial Performance - The company reported strong third-quarter results, driven by high copper and gold prices, despite production issues at the Grasberg mine impacting operations [3][6]. - Current stock price is $41.57, reflecting a slight increase of approximately 1.13% or $0.47, with a trading range between $40.50 and $41.95 [4]. Group 3: Future Outlook - Management anticipates a phased recovery, with the Grasberg Block Cave expected to resume operations in 2026, while implementing mitigation efforts to compensate for lost production [4]. - Orest Wowkodaw from Scotiabank has set a price target of $51 for FCX, indicating a potential upside of approximately 22.95% from its current trading price of $41.48 [2][6].