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Zambia Mining Disaster May Have Been 30-Times Worse Than Estimated
Bloomberg Television· 2025-08-15 06:20
and walk us through what more we know about the scale uh of this incident. Good morning, Jen. So, what we know is that it's far bigger than what had been anticipated or reported by the government.Initially, the government reported only 50,000 tons had been released into the river, but the report by Zara reveals that up to 30 times more was released, which puts it at 1.5% million tons. And to put this into context, this is toxic waste that can fill over 400 Olympic sized swimming pools. And it's not just any ...
Respected VMS Expert, Economic Geologist Dr. Stephen Piercey Joins Callinex’s Technical Team
Globenewswire· 2025-08-14 12:30
Core Viewpoint - Callinex Mines Inc. has appointed Dr. Stephen Piercey, an experienced geologist specializing in volcanogenic massive sulphide (VMS) deposits, to enhance its technical team and advance the Point Leamington Project in Newfoundland [2][3]. Company Overview - Callinex Mines Inc. is focused on developing a portfolio of base and precious metals deposits in established Canadian mining jurisdictions, with a significant emphasis on the Point Leamington Deposit, which is located in a rich VMS and Gold District in Canada [9]. - The company has reported a pit constrained Indicated Mineral Resource of 5.0 million tonnes grading 2.5 g/t AuEq, equating to 402,000 ounces of AuEq, and an Inferred Mineral Resource of 13.7 million tonnes grading 2.24 g/t AuEq, equating to 986,500 ounces of AuEq [9]. Appointment of Dr. Stephen Piercey - Dr. Piercey brings over 25 years of experience in VMS deposits and has worked in some of Canada's most prolific VMS districts [2][3]. - His expertise is expected to significantly enhance the exploration efforts at the Point Leamington Project, which has not been fully evaluated with modern integrated exploration approaches [3][7]. - Dr. Piercey has received multiple awards, including the Duncan R. Derry Medal, recognizing his contributions to economic geology in Canada [4][5]. Exploration and Development Focus - The company aims to utilize a modern integrated exploration approach to drive resource growth at the Point Leamington project, with Dr. Piercey providing oversight in the next stages of exploration [7]. - The Point Leamington deposit is noted for its high tonnage potential and geological similarities to other productive VMS districts globally, indicating significant exploration opportunities [3][9].
Viscount Mining's Passiflora Discovery Drill Hole Intersects Robust Copper-Gold Porphyry System Over Entire 843.9 Metre Interval
Newsfile· 2025-08-14 11:45
Viscount Mining's Passiflora Discovery Drill Hole Intersects Robust Copper-Gold Porphyry System Over Entire 843.9 Metre Interval Grades and Scale Comparable to World-Class Porphyry Deposits in Early Stages. August 14, 2025 7:45 AM EDT | Source: Viscount Mining Corp. Vancouver, British Columbia--(Newsfile Corp. - August 14, 2025) - Viscount Mining Corp. (TSXV: VML) (OTCQB: VLMGF) ("Viscount" or the "Company") is pleased to announce a pivotal early-stage discovery at its Passiflora porphyry target in Silver C ...
Hudbay Delivers Strong Second Quarter 2025 Results
Globenewswire· 2025-08-13 10:00
TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "Company") (TSX, NYSE: HBM) today released its second quarter 2025 financial results. All amounts are in U.S. dollars, unless otherwise noted. "We delivered another quarter of significant free cash flow generation driven by continued industry-leading cost margins and diversified exposure to copper and gold," said Peter Kukielski, President and Chief Executive Officer. "Our strong financial performance enabled us to further redu ...
EMX Royalty Announces Q2 2025 Results; Increased 2025 Guidance and Significant Increases in Cash Flow from Operations
Newsfile· 2025-08-11 20:42
Core Insights - EMX Royalty Corporation reported strong financial results for the first half of 2025, with significant increases in adjusted royalty revenue and adjusted EBITDA, leading to an increase in 2025 revenue guidance due to rising commodity prices [1][2][7] Financial Performance - For the six months ended June 30, 2025, EMX achieved revenue and other income of $14.7 million, adjusted royalty revenue of $19.0 million, and adjusted EBITDA of $12.1 million [1][20] - In Q2 2025, the company recognized adjusted revenue and other income of $8.7 million, a 1% decrease from Q2 2024, while adjusted royalty revenue increased by 5% to $8.2 million [17][20] - Cash flows from operating activities for the first half of 2025 were $8.2 million, compared to $0.5 million in the same period of 2024, marking a significant improvement [5][34] Updated Guidance - EMX has updated its 2025 guidance, projecting GEO sales to range from 10,500 to 12,000 and adjusted royalty revenue between $30 million and $35 million, up from the previous guidance of $26 million to $32 million [7][8] Capital Management - The company made a $10 million early repayment towards its credit facility, reducing the principal from $35 million to $25 million [9] - EMX executed a new Normal-Course Issuer Bid program, allowing for the repurchase of up to 5,440,027 common shares, with 1,202,168 shares repurchased during the quarter [9][10] Portfolio Growth - Key growth drivers include producing assets at Caserones in Chile and Timok in Serbia, with ongoing exploration programs aimed at expanding mineral resources [12][16] - The acquisition of a royalty on the Chapi Copper Mine in Peru is expected to contribute to revenue starting in 2026 [13] Operational Highlights - The company reported a 20% decrease in operating expenditures compared to 2024, primarily due to reduced generative expenditures [10] - EMX's financial position remains strong, with cash and cash equivalents of $17.2 million and working capital of $30.2 million as of June 30, 2025 [5][9]
Hudbay Minerals Set to Report Q2 Earnings: Buy, Sell or Hold the Stock?
ZACKS· 2025-08-11 17:40
Core Viewpoint - Hudbay Minerals (HBM) is expected to report improved second-quarter 2025 results, driven by higher gold and copper prices, with projected revenues of $495.3 million, reflecting a 16.4% year-over-year growth [1][5]. Financial Performance - The Zacks Consensus Estimate for HBM's second-quarter earnings has decreased by 35.3% over the past 60 days to 11 cents per share, but this still represents a significant improvement from the break-even earnings reported in the same quarter last year [2]. - HBM's earnings surprise history shows that the company has outperformed the Zacks Consensus Estimate in two of the last four quarters, with an average earnings surprise of 50% [3]. Production and Operations - In Q1 2025, HBM produced 30,958 tons of copper and 73,784 ounces of gold, with copper output down 11% and gold production down 18% year-over-year, aligning with internal expectations [8]. - The ongoing stripping phase in the Pampacancha pit has negatively impacted production in Peru, but higher gold production in Manitoba has partially offset this decline [9]. - Manitoba operations achieved gold production of 60,354 ounces, copper of 3,469 tons, and silver of 285,603 ounces, with gold, copper, and silver production increasing by 6%, 10%, and 30% respectively compared to Q1 2024 [10]. Commodity Prices - Gold prices averaged around $3,301.42 per ounce in the April-June 2025 period, marking a 41% year-over-year increase, while silver prices rose by 16% and copper prices increased by 5% [14]. - These favorable pricing trends are expected to help mitigate the impact of lower production volumes on HBM's revenue performance in the upcoming quarter [15]. Valuation and Market Performance - HBM shares have increased by 19% over the past three months, outperforming the industry growth of 17.9% [16]. - The company is currently trading at a forward price/sales ratio of 1.74, higher than the industry average of 1.15, indicating a relatively elevated valuation compared to peers [19][20]. Investment Outlook - Hudbay Minerals' diversified operations in copper and gold provide leverage to strong commodity prices, with projected copper output averaging 144,000 tons annually over the next three years [21]. - Despite expected upbeat second-quarter results driven by higher gold prices, concerns remain regarding lower production levels due to the depletion of the Pampacancha deposit [23].
X @BBC News (World)
BBC News (World)· 2025-08-06 23:06
How Europe is vying for rare earth independence from China https://t.co/xgCzsn5lKx ...
镍&不锈钢:短期震荡为主,关注镍铁支撑
Nan Hua Qi Huo· 2025-08-06 11:25
Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The short - term trend of nickel and stainless steel is mainly volatile, and the support of ferronickel should be noted. The fundamentals of Shanghai nickel have no obvious logical changes, with the Indonesian nickel ore benchmark price rising slightly and downstream product differentiation. Stainless steel is expected to have strong supply and weak demand in August, and the macro - level needs to pay attention to the trend of the US dollar index [4]. 3. Summary According to Related Catalogs Price and Volatility Forecast - Shanghai nickel price range forecast is 118,000 - 126,000 yuan/ton, with a current 20 - day rolling volatility of 15.17% and a historical percentile of 3.2% [2]. - Stainless steel price range forecast is 12,500 - 13,100 yuan/ton, with a current 20 - day rolling volatility of 9.27% and a historical percentile of 1.8% [2]. Risk Management Strategies - **Shanghai Nickel Risk Management Strategies**: For inventory management, when product sales prices fall, short Shanghai nickel futures or sell call options; for procurement management, when worried about rising raw material prices, buy Shanghai nickel forward contracts, sell put options, or buy out - of - the - money call options [2]. - **Stainless Steel Risk Management Strategies**: Similar to Shanghai nickel, for inventory management, short stainless steel futures or sell call options; for procurement management, when worried about rising raw material prices, buy stainless steel forward contracts, sell put options, or buy out - of - the - money call options [3]. Market Situation Analysis - **Nickel Market**: The Indonesian nickel ore price has stabilized with a slight increase, and the supply side of ferronickel has a strong willingness to hold prices. The new energy link has some support, and the demand of some downstream precursor factories has increased [4]. - **Stainless Steel Market**: It fluctuates repeatedly, with the expectation of strong supply and weak demand in August. The spot side is relatively firm, and some specifications still have upward trends, but overall trading is average [4]. Market Data - **Nickel Disk Data**: The latest price of Shanghai nickel main contract is 121,070 yuan/ton, with a trading volume of 87,840 lots (up 3.56% month - on - month), and a position of 86,052 lots (down 4.96% month - on - month) [6]. - **Stainless Steel Disk Data**: The latest price of stainless steel main contract is 12,935 yuan/ton, with a trading volume of 82,019 lots (up 2.75% month - on - month), and a position of 84,046 lots (down 2.21% month - on - month) [7]. Inventory Data - Domestic social nickel inventory is 39,486 tons (down 795 tons from the previous period), LME nickel inventory is 211,254 tons (up 2,172 tons from the previous period), stainless steel social inventory is 966.2 tons (down 1.2 tons from the previous period), and ferronickel inventory is 33,415 tons (up 182 tons from the previous period) [8]. Influencing Factors - **Positive Factors**: Indonesia plans to revise the HPM formula, shorten the nickel ore quota license period, the construction of the Yarlung Zangbo River Hydropower Station may increase stainless steel demand, and ferronickel trading is warming up [6]. - **Negative Factors**: Stainless steel enters the traditional off - season, de - stocking is slow, pure nickel inventory is high, nickel ore seasonal inventory rises, and Sino - US tariff disturbances still exist [6].
This Stock Has A 1.78% Yield And Sells For Less Than Book
Forbes· 2025-08-04 13:40
MT tickertech Other Top Dividends The Top 5 DividendRank'ed Metals Stocks » The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top ...
Peel Mining (PEX) 2025 Earnings Call Presentation
2025-08-04 03:55
Company Overview - Peel Mining Limited (ASX: PEX) is a copper-focused resources company [2] - The company holds strategic tenure in Tier 1 jurisdictions [25] - Key personnel include James Simpson (CEO/Managing Director) and Rob Tyson (Technical Director) [24] South Cobar Project Resource Base - The South Cobar Project has a resource base totaling 2291 million tonnes @ 220% CuEq for 500kt CuEq [28, 98] - The project contains 5 major deposits and numerous under/untested prospects [28] - The Mallee Bull deposit contains 125kt of copper at 178% Cu [35, 47] - The Wirlong deposit contains 75kt of copper at 175% Cu [35, 48] - The Wagga Tank Open Pit contains 21kt Cu, 72koz Au, 38Moz Ag, 23kt Pb, 25kt Zn [38, 44] - The Southern Nights deposit contains 252kt Zn, 96kt Pb, 13Moz Ag, 59koz Au, 14koz Cu [38] Financials and Shareholding - The company's market capitalization is approximately $349 million based on a share price of 6c [20] - The enterprise value is approximately $335 million [20] - Perth Capital Pty Ltd & Associates holds 204% of shares on issue [21] - Australian Institutions hold 125% of shares on issue [21] Exploration and Development - PFS is substantially complete for Mallee Bull and Wirlong underground mines [44] - Wagga Tank evaluation is underway for inclusion into PFS by March Quarter 2026 [40] - Regional exploration activities have identified high priority targets including Chuchi, Nombinnie, and Beanbah [61, 63]