NEW YORK, March 18, 2026 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib” or the “Company”) (Nasdaq: NAMM) today announced a leadership transition as part of its strategic growth plan. The Company’s Board of Directors has appointed Tulani Sikwila as Chief Executive Officer, effective 18 March 2026, succeeding Ibrahima Sory Tall who is leaving Namib to pursue other opportunities. Mr. Sikwila previously served as Namib’s Chief Financial Officer. The Company has initiated a search for an Interim CFO to ensure conti ...

Economic Outlook - The Fed has increased its 2026 US GDP forecast to 2.4% from 2.3% and raised its core PCE projection to 2.7% from 2.5% [1] - The FOMC voted 11-1 to maintain the fed funds target range at 3.50% to 3.75%, indicating solid economic activity and elevated inflation [1] Inflation and Prices - US February PPI final demand rose by 0.7% month-over-month and 3.4% year-over-year, exceeding expectations of 0.3% and 3.0% respectively [1] - PPI excluding food and energy increased by 0.5% month-over-month and 3.9% year-over-year, also surpassing expectations [1] Mortgage Applications - US MBA mortgage applications fell by 10.9% for the week ending March 13, with the purchase mortgage sub-index up by 0.9% and the refinancing sub-index down by 18.5% [1] - The average 30-year fixed mortgage rate rose to 6.30% from 6.19% [1] Stock Market Performance - The S&P 500 Index closed down by 1.36%, the Dow Jones Industrial Average down by 1.63%, and the Nasdaq 100 Index down by 1.43% [4] - The Magnificent Seven technology stocks, including Amazon and Tesla, closed lower, contributing to the overall market decline [11] Oil Market Dynamics - Crude oil prices remain high due to disruptions in global supply, with the IEA reporting a cut of 8 million barrels per day this month due to the ongoing conflict in Iran [6] - Goldman Sachs warns that crude prices could exceed $150 per barrel if flows through the Strait of Hormuz remain depressed [6] International Markets - Overseas stock markets showed mixed results, with the Euro Stoxx 50 down by 0.56% and China's Shanghai Composite up by 0.32% [7] Company-Specific Movements - Rocket Lab closed down more than 11% after announcing plans to sell up to $1 billion in shares [16] - Macy's reported Q4 net sales of $7.64 billion, exceeding consensus estimates, and forecasted full-year net sales between $21.40 billion and $21.65 billion [19]

Group 1 - Alluvial Gold Research provides detailed research on undervalued miners, focusing on those with upcoming catalysts to enhance portfolio performance [1] - The research includes access to a current portfolio, real-time buy/sell alerts, and proprietary sentiment indicators for gold and silver miners [1] - Taylor Dart, leading Alluvial Gold Research, has over 16 years of trading experience, primarily in precious metals developers, producers, and royalty/streaming companies [1] Group 2 - The analyst has a beneficial long position in shares of FNV, FNV:CA, AEM, and AEM:CA through stock ownership, options, or other derivatives [2] - The article expresses the analyst's personal opinions and is not compensated for it, except from Seeking Alpha [2]

Core Viewpoint - Los Andes Copper Ltd. announces the conversion of a US$5,000,000 convertible debenture into common shares, effective April 8, 2026, at a conversion price of CAD$10.82 per share [1]. Group 1: Convertible Debenture Details - The total principal amount of the Convertible Debentures, including accrued interest, is US$5,043,333, which converts to CAD$6,909,366 at the current exchange rate of US$1.00:CAD1.37 [2]. - The maximum number of common shares that can be issued without further TSX Venture Exchange approval is 558,502 shares, corresponding to CAD$6,042,991 of the Conversion Amount [3]. - An additional CAD$866,375 of the Conversion Amount will be applied for conversion into 80,071 common shares, bringing the total shares issuable to 638,573 [3]. Group 2: Company Overview - Los Andes Copper Ltd. holds a 100% interest in the Vizcachitas Project in Chile, which is positioned in a major copper belt and is considered one of the largest undeveloped copper deposits in the Americas [5][6]. - The Vizcachitas Project is a copper-molybdenum porphyry deposit located 150 kilometers north of Santiago, benefiting from strong infrastructure [6].

Group 1 - Petrobras refineries are set to operate at 98.5% of capacity in April due to ongoing conflicts in the Middle East [1] - Three refineries are currently operating above installed capacity, prompting the company to reevaluate its scenarios for 2026 [2] - Diesel production has increased, with refineries operating at 97% capacity, up from approximately 91% last year, and maintenance stoppages have been postponed at two refineries [3] Group 2 - Approximately 25% of the diesel consumed in Brazil is imported, making the country susceptible to fluctuations in global oil prices since the onset of the Middle East conflict [2]

New Bitcoin mine online in the New Mexico deserthttps://t.co/jqtr8iEcVw ...

Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing a wealth of experience in journalism, particularly in finance and current affairs [1][5] Group 1: Career Background - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, particularly in mining and small-cap sectors [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and CTV News Network [2] - A significant highlight of his career was covering the 2010 Vancouver Olympic Games, which led to the development of an online video news program for PressReader, a digital newsstand with 8,000 editions in 60 languages [3] Group 2: Digital Media Ventures - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers and positioned him as a prominent voice in the cannabis industry [4] - Following this success, he established Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-cap markets [4] Group 3: Professional Expertise - Jeremy has served as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology sectors [5] - He holds a BA in Journalism from Concordia University, which has supported his diverse career trajectory [5]

New Bitcoin mine running in the New Mexico deserthttps://t.co/jqtr8iEcVw ...

Core Viewpoint - Carmanah Minerals Corp. has appointed Karim Rayani as Executive Chairman, CEO, and Director, following the resignation of Fraser Rieche, indicating a strategic leadership change aimed at enhancing corporate growth and operational execution [1][2]. Company Overview - Carmanah Minerals Corp. is focused on advancing its Heritage Gold-Silver Project located on the Burin Peninsula in Newfoundland, which encompasses approximately 145 km² of contiguous mineral claims [8]. - The Heritage Gold-Silver Project is situated within one of Atlantic Canada's most prospective and underexplored epithermal belts, featuring a multi-kilometre mineralized system with 21 high-priority drill targets [8]. Leadership and Strategy - Karim Rayani brings extensive experience in the natural resource and investment sectors, having held executive roles across North America, Europe, and the Middle East, and is a significant shareholder in Carmanah, aligning his interests with those of investors [2][3]. - As Executive Chairman and CEO, Rayani will focus on the strategic direction and operational execution of the company, particularly on unlocking the potential of the Heritage Gold-Silver Project [3]. Project Potential - The Heritage Gold-Silver Project is noted for its high-grade gold and silver mineralization, with ongoing work programs aimed at supporting an updated NI 43-101 resource estimate [5]. - The project remains open at depth and along strike, with historical drilling having only tested a fraction of the property, indicating substantial upside potential [6]. - Newfoundland is recognized as a premier mining jurisdiction, supported by a mining-friendly regulatory framework and a highly prospective geological setting, enhancing the likelihood of further discoveries [7]. Future Plans - The project is fully permitted, and the company anticipates announcing a drill program in the near term, emphasizing disciplined execution and capital efficiency to deliver meaningful results [8].

BHP (BHP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings picture is ...