Airline Industry Performance - Delta Air Lines Inc. experienced a 12% surge in stock price after reporting second-quarter results that exceeded both earnings and revenue expectations, indicating a strong demand outlook [1] - American Airlines Group Inc. shares increased by 12.5%, while United Airlines Holdings Inc. saw a 13.5% rise, contributing to a broad rally across the airline sector [2] - The U.S. Global Jets ETF, which tracks airline stocks, rose by 7.2%, marking its best performance since the 90-day tariff pause in April [2] Economic Indicators - The U.S. labor market showed resilience with initial jobless claims dropping to 237,000, surpassing forecasts, although continuing claims rose to 1.965 million, the highest since 2021 [6] Commodity Market Reactions - Copper futures increased by 2.2% to approximately $5.60 per pound, with silver and palladium also seeing gains of 1.6% and 3.6% respectively, driven by expectations of tightening supply [5] - Crude oil prices fell over 2% amid reports that OPEC+ is considering halting planned production increases starting in October, raising concerns about potential oversupply [5] Stock Market Overview - Major indices showed mixed performance, with the Russell 2000 up 0.7%, Dow Jones up 0.6%, and S&P 500 up 0.2%, while Nasdaq 100 slipped by 0.3% [7] - The Vanguard S&P 500 ETF inched up 0.2%, while the SPDR Dow Jones Industrial Average rose by 0.6% [9] Company-Specific Movements - Norwegian Cruise Line Holdings Ltd. rose over 4% after NorthCoast Research raised its price target, reiterating a 'Buy' rating [10] - Freeport-McMoRan Inc. climbed 3.3% as copper prices continued to rise amid supply concerns [10] - Nu Holdings Ltd. dropped 5.1% following the announcement of a 50% tariff on Brazilian imports, leading to a selloff in Brazil-linked assets [10]

Core Insights - Fortuna Mining Corp. (FSM) produced 71,229 gold equivalent ounces (GEO) in Q2 2025, a 0.2% decrease year-over-year but a 1.2% increase from Q1 2025. Gold production was 61,736 ounces, reflecting a 10.2% year-over-year increase [1][8] Group 1: Mine Performance - FSM completed the sale of its San Jose and Yaramoko mines in April and May 2025, respectively, and currently operates three mines [2] - The Séguéla mine in Côte d'Ivoire produced 38,186 ounces of gold in Q2 2025, down 1% from the previous quarter, with an expected annual production range of 134,000-147,000 ounces for 2025 [2] - The Lindero mine in Argentina saw a gold production of 23,550 ounces in Q2, up 16% sequentially, with an annual guidance of 93,000-105,000 ounces for 2025 [3] - The Caylloma mine in Peru produced 240,621 ounces of silver in Q2, slightly lower than the previous quarter's 242,993 ounces, with GEO output of 9,493 ounces, down from 11,566 ounces in Q1 2024 [3] Group 2: Production Guidance and Costs - Following the sale of the Yaramoko mine, FSM updated its 2025 production guidance to 309,000-339,000 ounces of gold equivalent, down from the previous range of 380,000-422,000 ounces, indicating an 18% year-over-year dip at the midpoint [5][8] - The all-in sustaining cost for 2025 is now expected to be between $1,670 and $1,765 per GEO, an increase from the prior estimate of $1,550 to $1,680, primarily due to the exclusion of the Yaramoko mine's contribution [6] Group 3: Stock Performance - FSM shares have increased by 21.3% over the past year, contrasting with a 0.1% decline in the industry [7]

Core Insights - SSR Mining Inc. (SSRM) reported a 2% year-over-year increase in gold equivalent production for Q1 2025, totaling 103,805 ounces, driven by contributions from the newly acquired Cripple Creek & Victor (CC&V) mine [1][10] - The CC&V mine contributed 11,282 ounces of gold in its first month of integration, with 2025 production guidance set between 90,000 and 110,000 ounces [2] - SSRM's overall production guidance for 2025 is projected between 320,000 and 380,000 ounces of gold, with total gold equivalent production forecast at 410,000-480,000 ounces, reflecting a 10% increase over 2024 levels [6] Production Highlights - At the Marigold mine, gold production increased by 11% year-over-year to 38,586 ounces, with full-year guidance set at 160,000-190,000 ounces [3] - Seabee produced 26,001 ounces of gold in Q1, up 9% year-over-year, with full-year guidance maintained at 70,000-80,000 ounces despite a temporary suspension due to power disruptions [4] - The Puna mine produced 2.5 million ounces of silver, marking a 31% increase year-over-year, with 2025 production guidance set at 8.00-8.75 million ounces [5] Market Performance - SSRM shares have gained 77.9% year-to-date, significantly outperforming the industry growth of 12.2% and the Basic Materials sector's rise of 11.9% [9] - SSR Mining is currently trading at a forward 12-month price-to-earnings multiple of 7.46X, compared to the industry average of 14.27X [11] Earnings Estimates - The consensus estimate for 2025 earnings is $1.22 per share, indicating a year-over-year surge of 335.7%, with an estimate for 2026 of $2.02, reflecting a 66% increase [12] - The Zacks Consensus Estimate for SSR Mining's earnings for 2025 has increased by 48.8% over the past 60 days [12]

Core Points - Royalties Inc. has received approval to trade on the OTCID Market in the US, enhancing its visibility and disclosure capabilities to US investors, brokers, and regulators [1] - The company's trading symbol 'ROYIF' has positively impacted trading activity in the US, coinciding with a legal victory against Capstone Copper Corp. regarding a 2% net smelter royalty (NSR) on the 'Portree claims' [1][5] - The lawsuit victory supports Royalties Inc.'s claim to royalties established in 2002, which are linked to the Cozamin Mine's production since at least 2019 [1][5] Company Overview - Royalties Inc. owns a 100% interest in the Bilbao silver-zinc-lead project in Zacatecas, Mexico, subject to a 1.5% NSR [5] - The company holds an 88% stake in Minera Portree de Zacatecas, S.A. de C.V. (MPZ), which has a court-approved claim to a 2% NSR on five mining concessions known as the 'Portree claims' [5] - MPZ's legal actions against Capstone Copper Corp. began in 2021 to invalidate a contract that improperly transferred ownership of the royalty, which has now been supported by the court [5] Financial Performance - Royalties Inc. has a 2.9% stake in Music Royalties Inc. (MRI), which has acquired 31 cash-flowing catalogs and paid out over $11 million in dividends since 2019, generating a 7.2% annual yield [5]

Financial Transactions - The Defense Department invested $400 million in MP Materials' preferred stock [1]

Industry Trend - U.S. becomes largest shareholder in MP Materials, a rare earth miner [1] - The move aims to counter China's dominance in the rare earth industry [1]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

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 news journalists who produce independent content across various financial markets [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 includes insights into 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]

Core Viewpoint - Baselode Energy Corp. and Forum Energy Metals Corp. have commenced drilling at the Aberdeen Project, focusing on the Loki Grid as a promising target for potential new uranium discoveries [1][2][3]. Group 1: Drilling Program Details - The drilling program at the Aberdeen Project plans to conduct 18-25 drill holes, totaling up to 7,000 meters, depending on results [4][5]. - The 2025 program aims to identify additional high-grade uranium discoveries to enhance the overall discovery potential in the district [4]. - Ground magnetic surveys are being conducted on 6 to 10 target areas to refine the main fault zones within the drilling areas [4]. Group 2: Target Areas and Characteristics - The first targets to be tested are Loki and Bjorn, with Loki showing strong clay alteration and elevated uranium levels (up to 30 ppm, which is 30 times the background) in the Thelon sandstone [5][6]. - The exploration includes both sandstone-covered targets and basement-only targets, with Loki and Bjorn prioritized for initial drilling [6]. - Historical drilling at Loki revealed uranium values significantly above background levels, indicating a high potential for discovery [6]. Group 3: Company Background and Assets - Baselode controls approximately 231,378 hectares for exploration in the Athabasca Basin, free of option agreements or underlying royalties [9]. - Forum Energy Metals holds a significant land position of 153,838 hectares in Saskatchewan and 95,519 hectares in Nunavut, focusing on high-grade uranium deposits [13]. - The Aberdeen Project hosts notable uranium discoveries, including the Tatiggaq and Qavvik prospects, which require further drilling to assess their full extent [14][15].

Toronto, Ontario--(Newsfile Corp. - July 10, 2025) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today that, further to its press release dated June 12, 2024, Appia has earned a further 5.89% legal and beneficial ownership interest in Appia Brasil Rare Earths Mineracao Ltda (the "Appia Brasil") the Brazilian company that holds the PCH Project (the "Property") located in the Tocantins Structural Province of the Brasília ...