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CIBC Raises its Price Target on Franco-Nevada Corporation (FNV) to C$480 and Reiterates an Outperformer Rating
Yahoo Finance· 2026-02-11 23:19
Core Viewpoint - Franco-Nevada Corporation (NYSE:FNV) is recognized as one of the best mining stocks to buy according to Wall Street, with multiple firms raising their price targets based on favorable market conditions for precious metals [1][6]. Price Target Adjustments - CIBC raised its price target on Franco-Nevada Corporation to C$480 from C$460, maintaining an Outperformer rating, driven by an increased gold price forecast to $6,000 per ounce in 2026 and $6,500 in 2027, alongside higher copper assumptions [2]. - UBS increased its price target for Franco-Nevada Corporation to $310 from $270 while keeping a Buy rating, reflecting a positive outlook on gold and silver prices amid economic and geopolitical uncertainties [3]. - Scotiabank also raised its price target to $283 from $225, maintaining a Sector Perform rating, citing similar factors of higher gold and silver price forecasts supported by ongoing central bank buying [3]. Company Overview - Franco-Nevada Corporation operates a global royalty and streaming portfolio primarily focused on precious metals, including gold and silver, with additional exposure to other mining assets and energy-related interests across various regions including the Americas, Australia, and Europe [4].
永泰能源集团股份有限公司 关于所属金泰源煤矿煤下铝项目采矿权获取进展公告
1.进一步夯实煤下铝资源基础。本次金泰源煤矿与此前森达源煤矿《采矿权深部铝土矿详查报告》均 顺利通过山西省自然资源厅评审备案,标志着公司煤下铝资源获取取得关键性进展,为后续申请办理采 矿许可证奠定良好基础。同时,积累的成功经验将进一步推进公司其他煤矿煤下铝资源的获取。 一、煤下铝项目进展情况 根据《山西省自然资源厅关于进一步完善矿产资源勘查开采管理若干事项的通知》(晋自然资规 〔2024〕2号)相关规定,永泰能源集团股份有限公司(以下简称"公司")正有序推进所属森达源、金 泰源等8座煤矿煤下铝采矿权获取工作,其中:森达源煤矿铝土及伴生资源已完成储量评审备案,查明 拥有丰富的铝土矿和战略性稀有金属镓等矿产资源。近日,公司所属金泰源煤矿亦取得了山西省自然资 源厅下发的《关于〈山西省灵石县山西灵石华瀛金泰源煤业有限公司采矿权深部(曲村区)铝土矿详查 报告〉评审备案的复函》(晋自然资储备字〔2026〕15号),予以通过金泰源煤矿矿产资源储量评审备 案。有关金泰源煤矿本次铝土矿等资源详查情况如下: 本次勘查范围占矿井总面积的11.84%,详查区内估算铝土矿累计查明资源量512.95万吨,均为保有资源 量,其中:控制资源 ...
Moon River Moly Ltd. Announces $9 Million LIFE Offering
Globenewswire· 2026-02-11 22:18
Core Viewpoint - Moon River Moly Ltd. has announced a private placement offering to raise up to approximately $9,000,000 through the sale of units priced at $0.85 each, with a minimum gross proceeds requirement of $2,800,000 [1][5]. Group 1: Offering Details - The offering consists of up to 10,588,235 units, each unit comprising one common share and one half of a common share purchase warrant [1][2]. - Each warrant allows the holder to acquire one common share at a price of $1.15 for a period of 24 months from the closing date, with a 60-day exercise restriction post-closing [2]. - The offering is subject to regulatory approvals and is expected to close around February 26, 2026 [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for baseline environmental studies and further engineering studies to advance the Davidson molybdenum-copper-tungsten project, as well as for studies related to the Endako Mine [6]. Group 3: Agent Compensation - The company will pay the agents a cash commission of 7.0% of the gross proceeds and issue broker warrants equal to 7.0% of the units issued [7]. Group 4: Company Overview - Moon River is a Canadian resource company focused on the acquisition, exploration, and development of mineral projects, particularly the Davidson Property and the Endako Mine Complex [9].
Exclusive: Texas unveils official bullion program and gold bills
KITCO· 2026-02-11 21:44
Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing extensive experience in journalism with a focus on finance and commodities [1][5] Group 1: Career Background - Jeremy began his journalism career in 2006 at CTV, initially covering 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] Group 2: Notable Achievements - A significant milestone in Jeremy's career was his coverage of the 2010 Vancouver Olympic Games, where he highlighted the Olympic community and hosted segments from various Country Houses [3] - He developed an online video news program for PressReader, which is a digital newsstand featuring 8,000 newspaper and magazine editions in 60 languages from over 120 countries [3] Group 3: Entrepreneurial Ventures - In 2012, Jeremy launched The Green Scene Podcast, quickly amassing over 400,000 subscribers and establishing himself as a prominent voice in the cannabis industry [4] - Following this success, he created Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-caps [4] Group 4: 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]
Stifel Raises Barrick Mining (B) PT to C$95 with Buy Rating
Yahoo Finance· 2026-02-11 18:46
Core Viewpoint - Barrick Mining Corporation is considered one of the most undervalued gold stocks, with analysts recommending it as a buy following a significant increase in revenue and production levels [1][2]. Financial Performance - Barrick Mining reported a 45% sequential revenue increase, totaling $6 billion, driven by higher production levels and a 21% rise in realized gold prices, which also reflects a 64.53% year-over-year improvement [2]. - Gold production for the full year reached 3.26 million ounces, while copper production experienced a 13% quarterly increase [2]. Strategic Initiatives - The company is planning a partial IPO of its North American assets by Q4 2026 to address perceived undervaluation [3]. - Barrick ended the year with a strong financial position, holding $2 billion in net cash and stable reserves of 85 million ounces of gold and 18 million tons of copper [3]. Company Overview - Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties, focusing on gold, copper, silver, and energy materials [5].
Elektros Strengthens ESG Commitment, Advancing Responsible Lithium Development for the Global Energy Transition
Accessnewswire· 2026-02-11 18:30
SUNNY ISLES BEACH, FLORIDA / ACCESS Newswire / February 11, 2026 / Elektros Inc. (OTC PINK:ELEK), a hard-rock lithium mining developer with operations in Sierra Leone, announced the formal adoption of its Environmental, Social, and Governance (ESG) Policy, a strategic milestone in its mission to power the global energy transition. As a forward-thinking provider of critical minerals, Elektros is dedicated to developing the resources essential for the economies of the future in a safe, clean, and ethical mann ...
Surging Earnings Estimates Signal Upside for Freeport-McMoRan (FCX) Stock
ZACKS· 2026-02-11 18:21
Core Viewpoint - Freeport-McMoRan (FCX) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Estimate Revisions - Analysts show growing optimism regarding Freeport-McMoRan's earnings prospects, as reflected in the upward trend of estimate revisions, which correlates strongly with stock price movements [2]. - The Zacks Rank system indicates that Freeport-McMoRan has received strong agreement among analysts for upward revisions, resulting in significant improvements in consensus estimates for both the next quarter and the full year [3]. Current-Quarter Estimates - For the current quarter, Freeport-McMoRan is expected to earn $0.49 per share, representing a year-over-year increase of +104.2% [6]. - Over the past 30 days, the Zacks Consensus Estimate for the company has risen by 7.26%, with four estimates moving higher and no negative revisions [6]. Current-Year Estimates - The expected earnings for the full year are $2.40 per share, indicating a change of +35.6% from the previous year [7]. - The consensus estimate has increased by 6.18% due to five upward revisions compared to one negative revision over the past month [8]. Zacks Rank - Freeport-McMoRan currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions that may lead to effective investment decisions [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9]. Bottom Line - Strong estimate revisions have led to a 6.6% increase in Freeport-McMoRan's stock over the past four weeks, suggesting potential for further upside [10].
Standard Uranium launches maiden drill program at Corvo Project
Yahoo Finance· 2026-02-11 18:02
Standard Uranium CEO Jon Bey and Vice President of Exploration Sean Hillacre joined Steve Darling from Proactive on site at the company’s Corvo Project, where its maiden drill campaign is now underway—marking a significant exploration milestone for the company. The Corvo Uranium Project is subject to a three-year earn-in option agreement with Aventis Energy, under which Aventis may earn up to a 75% interest in the project by funding C$6 million in exploration expenditures over the earn-in period. The partn ...
Rio Tinto Surges 36.7% in 3 Months: Should You Buy the Stock Now?
ZACKS· 2026-02-11 16:16
Core Viewpoint - Rio Tinto Group (RIO) has demonstrated strong stock performance, with shares increasing by 36.7% over the past three months, significantly outperforming both the industry and the S&P 500 [1][9]. Stock Performance - RIO shares closed at $97.24, nearing its 52-week high of $98.60 and well above its 52-week low of $51.67, indicating solid upward momentum [3]. - The stock is trading above both its 50-day and 200-day moving averages, reflecting confidence in the company's long-term prospects [3]. Production and Growth - The company has boosted copper output by 11% in 2025, achieving a total production of 883 kilotonne (kt), which is an increase of 11% year-over-year [9][12]. - RIO's first copper production at the Johnson Camp mine in Arizona, utilizing proprietary Nuton technology, marks a significant milestone for cleaner and more efficient copper recovery [11]. - The Johnson Camp project aims for approximately 30,000 tons of refined copper over a four-year demonstration period, with a focus on low carbon emissions [12]. - Iron ore shipments from the Pilbara facility rose by 7% year-over-year, while aluminum production increased by 2% in the same period [13]. Strategic Partnerships and Projects - In January 2026, RIO and Aluminum Corporation of China Limited (Chalco) formed a joint venture to acquire a controlling stake in Brazilian aluminum company CBA, enhancing RIO's green aluminum footprint [14]. - The Rhodes Ridge joint venture has approved a $191 million feasibility study to develop a major undeveloped iron ore deposit in Western Australia, targeting an initial production of 40-50 million tons annually [15]. Challenges and Market Position - Despite solid performance, RIO faced challenges such as weather-related disruptions affecting iron ore volumes and planned maintenance reducing copper output [16]. - The company operates in a competitive market with major players like BHP Group and TMC [16]. Financial Outlook - The Zacks Consensus Estimate for RIO's bottom line for 2026 has increased by 6.4% in the past 60 days, indicating positive market sentiment [19]. - RIO is trading at a forward price-to-earnings ratio of 12.84X, below the industry average of 16.31X, suggesting potential undervaluation [21]. Conclusion - Steady progress in growth projects, higher copper output, and advancements in iron ore and aluminum operations position RIO for sustained growth, making it an attractive opportunity for investors [22].
Resourcing Tomorrow 2025: emerging technologies, artisanal mining, ESG and more
Yahoo Finance· 2026-02-11 15:35
Core Insights - The mining industry is experiencing a transformation through automation and new technologies, enhancing operations and boosting domestic production globally [1][4][6]. Group 1: Technological Advancements - Self-driving vehicles are revolutionizing mining operations, showcasing how automation is enhancing efficiency [1]. - Australia is utilizing advanced electromagnetic surveys to create mineral potential maps, covering around 70% of the country [2]. - Satellite technology is being integrated into mining operations, allowing for remote data transmission and monitoring of worker safety [7][10]. Group 2: Critical Minerals and Market Dynamics - Australia is positioning itself as a key player in the critical minerals market, which is essential for energy transition technologies [3][4]. - China currently dominates the production of over 15 critical minerals, leading to a global race among nations to reduce this dependency [4]. Group 3: Artisanal Mining Sector - The artisanal mining sector has grown significantly, contributing approximately 20% of the world's gold supply today, up from 4% in the 1990s [11]. - There are pressing regulatory challenges within the artisanal mining sector, particularly concerning social and environmental risks [12][14]. Group 4: ESG and Industry Challenges - The relevance of ESG frameworks in mining is being questioned, with some experts suggesting it is evolving rather than dying [15][17]. - The industry faces challenges in balancing compliance with varying regulations across different markets [18][19]. - Circular economy principles are being explored, with mining companies encouraged to adopt practices that support sustainability [20][21].