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Amerigo Reports Record Q4-2025 Operational Results, Exceeds Revised 2025 Production Target and Provides 2026 Guidance
Globenewswire· 2026-01-13 12:30
Core Viewpoint - Amerigo Resources Ltd. reported strong production results for 2025 from its Minera Valle Central operation, demonstrating resilience despite operational challenges and positioning itself for continued success in a high-copper-price environment [2][4][10]. Production Results - In 2025, MVC produced 62.2 million pounds of copper, slightly down from 64.6 million pounds in 2024, but exceeding the revised guidance of 60 to 61.5 million pounds [4][10]. - Molybdenum production reached 1.5 million pounds, up from 1.3 million pounds in 2024, significantly exceeding guidance [4]. - Q4-2025 saw record copper production of 18.9 million pounds [10]. Operational Efficiency - MVC's plant availability was reported at 98.4%, with no lost-time accidents or environmental incidents during the year [5]. - Cash cost for 2025 was $1.93 per pound, slightly higher than $1.89 per pound in 2024, while normalized cash cost was $1.87 per pound, below the guidance of $1.93 per pound [6]. Financial Performance - The average annual copper price for 2025 was $4.73 per pound, an increase from $4.15 per pound in 2024, with Q4-2025 averaging $5.35 per pound [7]. - The company repaid $11.5 million in debt, becoming debt-free in October 2025, and returned $20.3 million to shareholders through dividends and share buybacks [9]. Capital Expenditures - The approved capital expenditures budget for 2025 was $13.0 million, with actual expenditures of $10.9 million [8]. - For 2026, the capital expenditures budget is set at $17.5 million, including projects carried over from 2025 [19]. Future Guidance - For 2026, Amerigo expects to produce 63.8 million pounds of copper and 1.5 million pounds of molybdenum, marking the sixth consecutive year of increased production guidance [12]. - Projected EBITDA for 2026 is expected to be $74.5 million, with each $0.20 per pound increase in copper price potentially impacting EBITDA by $4.2 million [15][21]. Capital Return Strategy - Since implementing its Capital Return Strategy in October 2021, Amerigo has returned $98.4 million to shareholders, including $67.7 million through dividends and $30.7 million through share buybacks [22][23].
Star Copper Reports Balance of Phase 1 Drill Results Extending Supergene Zone Southwest
Accessnewswire· 2026-01-13 08:01
Core Insights - Star Copper Corp. has reported promising results from its Phase 1 drilling at the Star Project, confirming and expanding the supergene footprint by 50 meters to the southwest, with ongoing anticipation for Phase 2 results [3][4][6]. Drilling Results - Hole S-053 intersected 81 meters of 0.6% CuEq, including 51 meters of 0.86% CuEq and 40 meters of 0.94% CuEq [5][6]. - Hole S-054A intersected 183 meters of 0.28% CuEq, including 108 meters of 0.36% CuEq and 45 meters of 0.47% CuEq [5][6]. - Hole S-055 intersected 311 meters of 0.42% CuEq, including 218 meters of 0.46% CuEq and 133 meters of 0.55% CuEq [5][6]. Project Development - The company is focused on expanding the oxide zone and testing the transition zone at or near the faults, with significant potential in the 1 km x 1 km Cu-Au oxide zone [4][6]. - The total drilled on the Star Project is approaching 20,000 meters, with nearly 5,000 meters completed in 2025 [6][10]. Future Plans - The company is preparing for an aggressive 2026 drilling campaign, with updated geological modeling underway to refine targets and enhance exploration efforts [16][21]. - The company aims to unlock the vast potential of the Star Project, which is located in British Columbia's Golden Triangle, a region known for its mineral richness [21].
FINAL DEADLINE REMINDER: Faruqi & Faruqi, LLP Reminds Freeport-McMoran Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 12, 2026
Businesswire· 2026-01-12 22:26
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoran Inc. related to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by January 12, 2026 [1]. Group 1: Allegations Against Freeport-McMoran - The complaint alleges that Freeport and its executives made false and misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia [3]. - It is claimed that Freeport did not adequately ensure safety, leading to a heightened risk of worker fatalities, which was not disclosed to investors [3]. - The allegations include that the company's statements about its business operations and prospects were materially false and lacked a reasonable basis [3]. Group 2: Impact of Incidents on Stock Price - On September 9, 2025, Freeport suspended mining activities after an incident trapped seven workers, resulting in a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [4]. - Following an update on September 24, 2025, revealing two fatalities among the trapped workers, Freeport's stock fell by $7.69, or 17%, to close at $37.67 per share [5]. - An article published on September 25, 2025, indicated that the halt in production could strain Freeport's relationship with the Indonesian government, causing the stock to drop by $2.33, or 6.2%, to close at $35.34 [6]. Group 3: Expert Opinions and Legal Proceedings - An article published on September 28, 2025, suggested that the landslide incident was preventable and should have been anticipated, indicating potential negligence on Freeport's part [7]. - The court-appointed lead plaintiff will represent the interests of the class, and any member can move to serve as lead plaintiff or remain an absent class member [7].
Freeport Resources Reports PNG Government in Support of Yandera Copper Project and Closes Final Tranche of $3.5 Million Private Placement
TMX Newsfile· 2026-01-12 21:46
Core Viewpoint - The Government of Papua New Guinea has expressed support for the Yandera Copper Project, which is one of the largest undeveloped copper projects globally, indicating a commitment to regional economic development through this project [1][3]. Group 1: Government Support and Economic Impact - Meetings between Freeport Resources and PNG government officials highlighted the potential regional benefits of the Yandera Copper Project, emphasizing the company's commitment to local communities and advancing the project towards a Feasibility Study and Final Investment Decision [2]. - PNG's Prime Minister, James Marape, reiterated support for the Yandera Copper Project during the PNG Investment Week, focusing on securing benefits for local communities and advancing the country's economy through strategic mineral projects [3]. - The Yandera Copper Project is expected to create jobs and support communities across five provinces, contributing to infrastructure development such as roads and power generation [4]. Group 2: Project Economics and Feasibility - The historical Pre-Feasibility Study indicates the Yandera Copper Project could produce 100,000 tonnes of copper annually over a 20-year mine life, with a post-tax NPV (10%) of approximately US$1,038 million based on specific commodity prices [5]. - With rising prices for copper, gold, and molybdenum, Freeport Resources anticipates a significant re-rate in the project's value, which could enhance revenues and cash flow [6][7]. - The company is in discussions to advance the Yandera Copper Project towards a Feasibility Study and Final Investment Decision, leveraging the improved market conditions for key commodities [6]. Group 3: Financial Developments - Freeport Resources has closed a final tranche of a non-brokered private placement, raising approximately $1,073,499.96 through the issuance of 35,783,332 units at $0.03 per unit, which will be used for the Yandera Copper Project's development and general working capital [9][10]. - The total offering raised gross proceeds of $3,511,849.89, indicating strong investor interest and support for the project [10]. - The company has granted 15,000,000 incentive stock options to directors, officers, and consultants, which are exercisable at $0.06 until January 12, 2031, aligning management incentives with shareholder interests [13].
Chile's Codelco expects to lift copper output by 10,000 tons this year
Reuters· 2026-01-12 16:27
Chilean state-run miner Codelco is expected to produce 1.344 million metric tons of copper in 2026, up about 10,000 tons from last year, Chairman Maximo Pacheco said on Monday. ...
Seismic Shifts In Commodity Markets Raise Sprott Copper Miners ETF's Investment Profile
Benzinga· 2026-01-12 13:33
Core Insights - The investment community is increasingly focused on the demand for copper, driven by the rise of artificial intelligence and machine learning technologies [1][4][5] Group 1: Copper Demand and Market Dynamics - The price of copper has seen significant growth, with a more than 4% increase at the start of 2026 and a 38% rise over the past year [2] - Global electricity demand is projected to increase by 30% by 2035, primarily due to the expansion of data centers, which will double their share of total power use from 1.5% to 3.5% [3] - The copper industry is expected to face a structural deficit, with S&P Global warning of a potential shortfall of over 10 million metric tons by 2040, leaving nearly a quarter of projected demand unmet [6] Group 2: Investment Vehicles and Opportunities - The Sprott Copper Miners ETF (COPP), launched in March 2024, provides a pure-play investment vehicle for copper, aligning with demand themes such as electrification and AI [9] - The COPP ETF offers direct exposure to physical copper, which helps reduce tracking errors relative to copper prices and mitigates risks associated with individual miners [10] - The COPP ETF has performed well, gaining over 6% since its inception, with strong price action above key moving averages and elevated trading volumes in the fourth quarter [12]
Andina Copper Strengthens Technical Team with Key Appointments
Thenewswire· 2026-01-12 12:00
Core Viewpoint - Andina Copper Corporation has appointed Joseph Salas as Vice President - Exploration and Gustavo Zulliger as Principal Consulting Geologist, enhancing the company's technical expertise and regional experience in mineral exploration [1][3][7]. Group 1: Appointments and Expertise - Joseph Salas brings over 30 years of experience in Latin America, specializing in copper-gold porphyry systems, epithermal systems, and VMS deposits [1][2]. - Salas previously served as Vice President - Exploration at Atico Mining, contributing to the growth of the El Roble VMS mine and La Plata VMS deposit [2]. - Gustavo Zulliger has more than 30 years of international mineral exploration experience and is recognized as a leading South American porphyry copper specialist [3][4]. - Zulliger's recent role was Exploration Director at McEwen Copper, and he has held senior positions at various Ivanhoe Group companies and major mining firms [4][5]. Group 2: Roles and Responsibilities - Salas will lead the technical team and exploration activities, supporting the company's disciplined business development [3][6]. - Zulliger will assist in designing and executing high-impact exploration programs and advising on the company's technical positioning for potential strategic partners [6][7]. Group 3: Company Outlook - The company is entering a catalyst-rich period with strong exploration-driven news flow across its projects, including ongoing drilling at Piuquenes and Cobrasco, with follow-up exploration at Mantau [7]. - The appointment of Salas and Zulliger is expected to be invaluable as the company aims to enhance its project portfolio and shareholder value [7]. Group 4: Stock Options - Andina Copper has granted a total of 2,000,000 stock options with varying exercise prices of $0.735, $0.92, and $1.10 [8]. Group 5: Company Overview - Andina Copper Corporation is focused on copper exploration in South America, holding significant discoveries in Argentina and Colombia, as well as an undrilled copper-gold target in Chile [9].
Olive Resource Capital Delivers Record Investment Performance in 2025; Provides Update on Investments for December 2025
TMX Newsfile· 2026-01-12 12:00
Core Viewpoint - Olive Resource Capital Inc. has reported significant growth in its investment portfolio and share price for the year 2025, driven by strong performance in the commodity market, particularly in gold and copper [2]. Investment Performance - The company's assets increased by 151% in 2025, with a share price rise of 240% during the same period [2]. - In December alone, assets rose by 11.2%, reflecting a strong finish to the year [2]. - Gold achieved a record gain of 65% for the full year, while copper saw a 41% increase; in contrast, oil experienced an 18% decline for the third consecutive year [2]. Investment Portfolio Overview - As of December 31, 2025, the total value of Olive's investment portfolio reached approximately $16.16 billion, up from $6.42 billion at the end of 2024 [3][10]. - Key investments include: - Omai Gold Mines: Increased from $456,720 in 2024 to $3,504,200 in 2025 [3]. - Sterling Metals Corp.: Decreased from $1,252,706 in 2024 to $1,074,043 in 2025 [3]. - Other public equity liquid investments rose from $1,417,143 in 2024 to $2,781,765 in 2025 [3]. Company Structure - Olive Resource Capital Inc. operates as a resource-focused merchant bank and investment company, primarily investing in natural resource companies at various stages of development [5]. - The company currently holds 1,000,000 common shares in treasury pending cancellation, with a total of 106,144,709 common shares outstanding [4].
Coppernico Defines 155 m of Continuous Copper Mineralization Averaging 0.54% at Sombrero’s Nioc Target
Globenewswire· 2026-01-12 12:00
VANCOUVER, British Columbia, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF, FSE: 9I3) (“Coppernico” or the “Company”), is pleased to announce results from recent geological mapping and channel sampling at Zone 1 within the Nioc target area, which continue to confirm the presence of a laterally extensive copper skarn system. Channel sampling has now defined a continuous surface footprint of copper mineralization measuring approximately 170 metres (“m”) east-west by approxi ...
New Strong Buy Stocks for January 12th
ZACKS· 2026-01-12 11:55
Group 1 - Ero Copper Corp. (ERO) has seen a Zacks Consensus Estimate for its current year earnings increase by 8.1% over the last 60 days [1] - Nu Holdings Ltd. (NU) has experienced a Zacks Consensus Estimate for its current year earnings rise of 7.1% over the last 60 days [1] Group 2 - Kohl's Corporation (KSS) has reported a Zacks Consensus Estimate for its current year earnings increasing by 104.4% over the last 60 days [2] - Fulgent Genetics, Inc. (FLGT) has seen a significant increase in the Zacks Consensus Estimate for its current year earnings by 775% over the last 60 days [2] - The Beachbody Company, Inc. (BODI) has experienced a Zacks Consensus Estimate for its current year earnings increase of 58.3% over the last 60 days [2]