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]

Core Viewpoint - Hudbay Minerals Inc. has successfully closed a strategic investment with Mitsubishi Corporation, acquiring a 30% joint venture interest in Copper World LLC, which owns the Copper World project in Arizona, marking a significant growth milestone for the company [1][2]. Group 1: Joint Venture Details - Mitsubishi Corporation has contributed approximately $420 million in cash to Copper World LLC and will provide an additional $180 million within 18 months to complete its initial investment [1][3]. - The joint venture will allow Mitsubishi to fund its pro-rata 30% share of future equity capital contributions required for the construction of Copper World [1][3]. Group 2: Project Impact and Financials - The partnership is expected to increase Hudbay's consolidated copper production by over 50%, enhancing the project's internal rate of return (IRR) to approximately 90% based on pre-feasibility study estimates [2][3]. - The $420 million from Mitsubishi will be allocated to fund the remaining definitive feasibility study (DFS) costs, pre-sanction costs, and initial project development costs for Copper World [3]. Group 3: Strategic Partnership and Future Plans - Mitsubishi is recognized as a premier strategic partner with a strong global mining presence, validating the long-term value of the Copper World project [3]. - The closing of the joint venture aligns with Hudbay's financial strategy, having achieved over $600 million in cash and cash equivalents and reduced its net debt to adjusted EBITDA ratio to 0.5x as of September 30, 2025 [3]. Group 4: Project Development Status - Feasibility activities for Copper World are progressing, with the DFS expected to be completed by mid-2026, and a project sanction decision anticipated in 2026 [3].

Core Viewpoint - K92 Mining Inc. reported strong production results for Q4 2025 from its Kainantu Gold Mine, achieving record annual production and sales, and successfully completing the commissioning of the Stage 3 Expansion Process Plant, positioning the company for further growth in 2026 [1][7][9]. Q4 2025 Production Results - Quarterly production totaled 47,178 ounces of gold equivalent (AuEq), including 44,129 ounces of gold, 1,940,781 pounds of copper, and 47,427 ounces of silver [4]. - Quarterly sales reached 41,344 ounces of gold, 1,726,051 pounds of copper, and 44,317 ounces of silver [4]. - Annual production was 174,134 ounces AuEq, with 164,484 ounces of gold, 5,942,203 pounds of copper, and 159,309 ounces of silver, marking a 16% increase from 2024 [4][10]. Stage 3 Expansion - The commissioning of the new 1.2 million tonnes-per-annum Stage 3 Expansion Process Plant was completed in December 2025, achieving strong performance with recoveries exceeding design parameters [8][9]. - Daily throughput records of 3,822 tonnes and 3,794 tonnes were achieved in December [4]. Mining and Development - Record quarterly ore processed was 186,198 tonnes, a 93% increase from Q4 2024, with a head grade of 8.0 grams per tonne AuEq [4]. - Total material mined reached 404,205 tonnes, with significant advancements in mine development, including a record of 2,787 metres [4]. Infrastructure and Operational Improvements - Significant progress was made on key infrastructure projects, including the underground Pastefill Plant and Surface Tailings Filtration Plant, with commissioning scheduled for mid-Q1 2026 [4][9]. - Ventilation upgrades were completed, increasing primary mine airflow by 30% and enhancing productivity [4]. Financial Position and Future Outlook - The company reported a record net-cash position and is well-positioned for further growth in 2026, with multiple projects nearing completion expected to unlock additional productivity [9].

Summary of Global Commodities Outlook for 2026 Industry Overview - The report focuses on the global commodities market, particularly gold, copper, oil, and natural gas, providing insights into pricing trends and supply dynamics for 2026 [1][3][26]. Key Insights and Arguments Gold - **Price Forecast**: Gold prices are expected to rise to $4,900 by December 2026, driven by competition among central banks and investors for limited bullion [3][36]. - **Investment Rationale**: Central banks are anticipated to diversify further into gold to hedge against geopolitical and financial risks, with potential upside risks to the forecast due to increased diversification into private investors [36]. Copper - **Pricing Dynamics**: The copper market is currently experiencing a significant overshoot in pricing relative to fundamentals, with a projected price increase due to mine supply constraints and rising demand from electrification [8][36]. - **Price Ratio**: The copper-aluminum price ratio is expected to reach new highs, influenced by China's push for security of supply, which boosts aluminum production [36]. Oil - **Price Trends**: Oil prices are trending down due to strong supply driving stock builds, with a limited decline of 0.7 million barrels per day in sanctioned production expected by the end of 2027 [14][17]. - **Market Surplus**: A significant supply wave is anticipated in 2025-2026, likely keeping the market in surplus and reducing Brent/WTI prices to averages of $56 and $52, respectively [36]. - **Geopolitical Risks**: Despite the supply wave, geopolitical risks remain a critical factor influencing oil prices [23][36]. Natural Gas - **Market Conditions**: The global LNG market is expected to be oversupplied, which will sharply reduce European and Asian prices relative to US gas prices, with TTF prices projected to decrease by nearly 35% by mid-2027 [29][36]. Additional Important Points - **Supply Concentration**: The increasing concentration of commodity supply is being used as leverage in market dynamics, impacting pricing and investment strategies [6][36]. - **Investment Recommendations**: The report includes specific trade recommendations, such as long positions in gold and copper, and short positions in aluminum and European natural gas, reflecting the anticipated market conditions [36]. This summary encapsulates the critical insights and forecasts from the Global Commodities Outlook for 2026, highlighting the expected trends and investment opportunities within the commodities market.

Core Insights - Aftermath Silver Ltd has successfully completed the acquisition of the Berenguela project in southern Peru, now fully owned by the company [1][4] - The project is a significant silver-copper-manganese deposit, currently in its third phase of drilling, targeting exploration zones and future infrastructure [2][5] Acquisition Details - The acquisition process began in 2020, involving approximately $21 million Canadian in cash and shares, with complex legal work required for ownership transfer [4] - As of the end of December, Aftermath Silver holds 100% ownership of the Berenguela project, allowing for full control over the asset [4][8] Project Overview - The Berenguela project is a large deposit with potential for silver, copper, and manganese, all of which are currently experiencing high prices in the commodities market [5] - The company is focusing on drilling specific targets, including a copper zone on the eastern side and a copper-gold target in the southwest [6] Funding and Future Plans - Aftermath Silver raised about $20 million in December, providing full funding to advance engineering studies over the next 12 months [7] - The company aims to enhance the project's valuation in the market, leveraging its 100% ownership for strategic decisions regarding landholdings and associated costs [8]

Core Viewpoint - The copper market has experienced significant growth recently, driven by expectations of increased infrastructure spending and demand related to energy transition [1] Industry Summary - Producers and miners in the copper sector have reported double-digit gains, indicating a strong market response to anticipated investments [1]

Horizon Copper Corp. (CVE:HCU – Get Free Report)’s stock price was up 0.5% during mid-day trading on Friday . The company traded as high as C$2.00 and last traded at C$2.00. Approximately 2,900 shares were traded during trading, a decline of 97% from the average daily volume of 90,708 shares. The stock had previously closed at C$1.99.Horizon Copper Trading Up 0.5%The firm has a market capitalization of C$180.73 million, a PE ratio of -2.15 and a beta of 0.95. The firm’s fifty day moving average price is C$2 ...

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. for allegedly making false and misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which may have led to investor losses [3][6]. Allegation Details - The lawsuit claims that Freeport did not adequately ensure safety at the Grasberg Block Cave mine, creating a heightened risk of worker fatalities [3]. - It is alleged that the lack of proper safety precautions constituted an undisclosed risk of regulatory, litigation, and reputational issues [3]. - The defendants' statements about Freeport-McMoRan's business and operations were materially false and misleading, lacking a reasonable basis during the relevant times [3]. Next Steps - Investors who purchased Freeport shares between February 15, 2022, and September 24, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their rights [4][6]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is January 12, 2026 [6].

Core Viewpoint - Greenstone Resources L.P. and its affiliates have increased their stake in Marimaca Copper Corp. to 22.28% following the acquisition of 838,360 shares through the exercise of options and conversion of restricted share units [1][2]. Group 1: Acquisition Details - On January 7, 2026, the Greenstone Group acquired a total of 838,360 shares of Marimaca, which includes 560,000 options exercised and 532,896 restricted share units converted into shares [1]. - The January Share Issuances represent 0.71% of Marimaca's total issued and outstanding shares [1]. - After the acquisition, the Greenstone Group holds 26,505,174 shares of Marimaca [1]. Group 2: Previous Holdings - Prior to the recent acquisition, the Greenstone Group owned 25,565,823 shares, 170,000 RSUs, and 1,105,000 options [2]. - If the Greenstone Group had exercised all RSUs and options, it would have held approximately 26.24% of Marimaca's total shares [2]. Group 3: Changes in Holdings - The Greenstone Group's holding percentage has decreased by almost 4% due to dilution from share issuances by Marimaca [3]. - During the period since the last early warning report, the Greenstone Group was granted 362,896 RSUs, while 545,000 options expired [3]. - The group converted 532,896 RSUs into shares and exercised 560,000 options into 305,455 shares [3]. Group 4: Future Intentions - The Greenstone Group may acquire or dispose of securities of Marimaca depending on market conditions and other factors [4].

Core Viewpoint - MetalQuest Mining Inc. has successfully completed a non-brokered private placement financing, raising a total of $1,966,780.20 across two tranches, with strong investor demand noted but no increase in financing to avoid dilution [2][3]. Financing Details - The second tranche involved the issuance of 1,963,760 non-flow-through units at a price of $0.17 per unit, generating gross proceeds of $333,839.20 [1][2]. - The NFT Units consist of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.40 for two years [2]. Regulatory Compliance - The Offering is subject to approval from the TSX Venture Exchange, and all securities issued are subject to a minimum hold period until May 10, 2026, in accordance with Canadian Securities laws [3]. Insider Participation - An existing insider purchased 87,875 NFT Units, classified as a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [4]. - Following the Offering, the insider, Harry Barr, controls approximately 38.46% of the company's outstanding common shares on a post-offering basis [7]. Project Development - MetalQuest Mining owns 100% of the Lac Otelnuk Iron Project, one of the largest iron projects in North America, with approximately $120 million already invested in the project [10][11]. - The company is collaborating with the Naskapi First Nation and has engaged AtkinsRéalis for a comprehensive analysis of the historic feasibility study to align it with current market conditions and standards [11]. Future Plans - Initial work at the Superior Iron Project is planned for Winter/Spring 2026, focusing on geological surveys and environmental studies to refine exploration targets [12]. Additional Holdings - The company also holds approximately 1.8 million shares and 2.5 million warrants of Canadian Copper Inc., along with two NSR royalties in the Murray Brook deposit [13][14].