Core Insights - Solis Minerals has obtained drilling permits for its Cinto copper project in southern Peru, allowing the company to initiate a diamond drilling campaign focused on geochemical and geophysical targets [1][3] Group 1: Project Details - The Cinto copper project is strategically located 15 km from Southern Copper's Toquepala mine and 38 km from Anglo American's Quellaveco mine, which produces over 300,000 tonnes of copper annually [2] - The project is situated within the Cenozoic porphyry belt and along the Incapuquio fault zone, a significant geological structure linked to major copper deposits in the region [2] Group 2: Operational Plans - Mobilization of the drill rig and preparation of the drill pad are set to commence this month, indicating a proactive approach to exploration [3] - The CEO of Solis Minerals expressed enthusiasm about the drilling permits, highlighting the project's mineralized footprint and its proximity to major copper mines and infrastructure [3] Group 3: Company Strategy - Solis Minerals aims to unlock the potential of its South American copper assets and is actively working to expand its copper portfolio within Peru's coastal belt [3]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, about the upcoming lead plaintiff deadline for a securities class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Freeport-McMoRan securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by January 12, 2026 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Freeport-McMoRan made false and misleading statements regarding safety measures at the Grasberg Block Cave mine in Indonesia, which posed a heightened risk to workers [5]. - It is claimed that the lack of proper safety precautions led to undisclosed regulatory, litigation, and reputational risks, resulting in materially false statements about the company's business and operations [5].

Core Insights - Gold Royalty has agreed to acquire a royalty on the Pedra Branca mine for $70 million, enhancing its gold and copper exposure [1][2] - The acquisition includes a 25% net smelter return (NSR) royalty on gold and a 2% NSR royalty on copper and other products [2] - The Pedra Branca mine is currently operated by BHP Group, which has extended its mine life and reported increases in resources and reserves [7] Financial Aspects - The royalty expense recorded to the prior holder was approximately $7.9 million for the 12 months ended June 30, equivalent to about 2,800 gold-equivalent ounces at an average gold price of $2,811 per ounce [3] - To fund the acquisition, Gold Royalty plans to raise $70 million through a bought deal financing, selling 17.5 million common shares at $4.00 per share [5] - Gold Royalty's stock closed at $3.85, down 9.5%, with a market capitalization of $758.3 million [5] Operational Context - The Pedra Branca mine is part of the Carajás East operation, previously held by Oz Minerals, which began production in 2020 [6] - BHP took over the project through its acquisition of Oz in 2023 and has reported significant resource estimates, including 2.4 million tonnes at 1.68% copper and 0.47 g/t gold [7] - A pending acquisition of Pedra Branca by CoreX Holding BV, valued at up to $465 million, is subject to customary closing conditions [8]

Core Viewpoint - The acquisition of the Condestable mine positions Rio2 as a diversified Latin American gold miner with copper exposure, enhancing its growth potential and cash flow generation capabilities [1][3]. Acquisition Details - Rio2 has entered into a definitive agreement to acquire a 99.1% interest in the Condestable mine in Peru for a total consideration of US$217 million, which includes US$180 million upfront and US$37 million in deferred payments [2][9]. - The transaction implies an enterprise value of approximately US$241 million, factoring in the assumption of US$24 million in net debt as of September 30, 2025 [2][9]. Financial Implications - The acquisition is expected to generate average annual EBITDA of approximately US$110 million at consensus prices, supporting expansions at both the Fenix Gold and Condestable operations [4][9]. - Pro forma, Rio2 anticipates generating average annual EBITDA of approximately US$330 million following the acquisition [4]. Operational Highlights - Condestable is a well-established underground copper operation with a forecasted production of approximately 27,000 tonnes per annum (ktpa) of copper equivalent, translating to about 80,000 ounces (oz) on a gold equivalent basis [4][5]. - The mine has a reserve life of over ten years and is situated in a top-tier mining jurisdiction, complementing Rio2's existing operations in Chile [4][5]. Growth Potential - There is potential to expand underground mining capacity to 12,000 tonnes per day (tpd) and opportunities for open-pit development, which could significantly increase annual production [6][7]. - The Condestable mine is located within a highly prospective IOCG belt, with several high-quality exploration targets identified, supporting long-term resource growth [7][8]. Environmental and Social Governance (ESG) - Condestable operates using 100% renewable electricity and has a strong history of community engagement, reinforcing its social license to operate [8][9]. - The mine has received the Copper Mark certification, indicating adherence to responsible mining practices and contributions to sustainable development goals [9]. Financing Structure - Rio2 has arranged a financing package of approximately US$165 million to fund the acquisition, which includes vendor debt and equity financing [13][19]. - The equity financing involves a bought deal of C$140 million (approximately US$100 million) through the sale of subscription receipts [15][19]. Project Updates - The Fenix Gold Project is on track for first gold production in January 2026, with construction currently 80% complete [28]. - The company aims to ramp up production to 100,000 ounces of gold per annum by the end of 2026, with further expansion plans targeting a production rate of 80,000 tpd [28][29].

Core Insights - Gladiator Metals Corp. has confirmed and extended high-grade copper skarn mineralization at the Cowley prospect by over 250 meters to the east, indicating significant resource potential [3][5][6] Drilling Results - Recent drilling results from 19 holes totaling 4,772 meters have shown strong copper, gold, and molybdenum mineralization near the surface, with notable intersections including: - CPG-102D7: 119m @ 0.84% Cu, 0.11 g/t Au, 6.89 g/t Ag, and 562 ppm Mo from 48m, including 63m @ 1.06% Cu [5][14] - CPG-102D6: 76.1m @ 0.82% Cu from 39.9m, including 38m @ 1.28% Cu [5][14] - CPG-102D5: 17.5m @ 1.67% Cu from 61.5m, including 12m @ 2.34% Cu [5][14] Exploration Strategy - The ongoing Phase 2 drilling program aims to define high-grade copper resources and explore the continuity of mineralization across the Cowley area, with a focus on extensions to known high-grade copper skarn [9][11][24] - The exploration strategy includes geophysical programs to refine drill targeting and assess the economic potential of co-products associated with copper mineralization [25][27] Project Overview - The Whitehorse Copper Project is an advanced-stage exploration project located in the Yukon Territory, known for its high-grade copper, molybdenum, silver, and gold skarn occurrences [27][28] - Historical production from the area has yielded significant quantities of copper and gold, with ongoing drilling expected to lead to a maiden resource estimate in 2026 [28][35] Future Plans - Gladiator is nearing completion of a Class 3 permit, which will allow for expanded exploration activities, including infill drilling and targeting up-dip extensions of shallow mineralization [17][18] - Additional drill results from the Cowley area are anticipated in the coming weeks, further contributing to the resource definition efforts [12][16]

Core Insights - XXIX Metal Corp. is expanding its 2025 drill program at the Opemiska Project due to stronger-than-expected results from the Cooke Zone and increased confidence in the Saddle Zone [1][5] Cooke Zone: Outperforming Early Expectations - Drilling at the Cooke Zone has confirmed a more extensive mineralized horizon than previously modeled, leading to a doubling of the drill budget and meter count [2][7] - The focus will be on the near-surface crown pillar of the former Cooke Gold Mine and step-outs along a newly identified horizon, representing a significant opportunity for resource addition [2][7] Saddle Zone: Advancing Toward Resource Definition - The Saddle Zone has shown strong copper-gold intercepts in past campaigns, but drill density has not been sufficient for resource inclusion [3] - The expanded drilling program aims to connect and upgrade known high-grade areas, similar to the Cooke Zone, and offers substantial upside potential [3][7] Driving Growth Beyond the October PEA - The expanded drill program is intended to build on the recently announced Preliminary Economic Assessment (PEA), which demonstrated strong economics and rapid payback [4] - Resource additions from both Cooke and Saddle, along with other near-pit targets, could enhance project scale and improve the upcoming Pre-Feasibility Study [4] Operational Updates - The total drill program has been increased to 10,000 meters, split between the Cooke and Saddle Zones [7] - A second drill rig was mobilized at the end of November to accelerate progress across priority targets [12]

Core Viewpoint - McEwen Inc. is focusing on advancing three key areas at its Gold Bar Mine Complex in Nevada—Lookout Mountain, Windfall, and Unity Ridge—to increase resources, extend mine life, and potentially boost annual gold production. The integration of these areas is expected to transform the Gold Bar Mine Complex into a long-life asset [1][2]. Group 1: Lookout Mountain - The drilling program at Lookout Mountain aimed to convert Inferred Resources into Measured and Indicated categories and to obtain samples for metallurgical testing [3]. - The 2025 drilling program at Lookout Mountain has been completed, with plans to publish an updated resource estimate alongside year-end financials and to advance engineering work for production [4]. - Lookout Mountain's resource estimate includes 423,000 ounces of gold in the Measured and Indicated categories from 23,423,000 tonnes grading 0.56 grams per tonne [5]. Group 2: Windfall - A resource estimate for Windfall is scheduled for next year, with recent results indicating excellent continuity of near-surface oxide gold mineralization along a 1.6-kilometer section of the Windfall fault zone [8]. - New near-surface oxide results from Windfall show significant gold grades, including 4.6 grams per tonne over 26.7 meters in drillhole WF055 [9]. - The exploration program for Windfall will continue in 2026, focusing on higher-grade areas and advancing towards production [10]. Group 3: Unity Ridge - At Unity Ridge, the company is evaluating the potential to merge three existing open pits into one larger mining area to increase gold resources and extend mine life [11]. - Recent drill results from Unity Ridge have intersected oxide gold mineralization, with notable results including 3.6 grams per tonne over 48.8 meters in drillhole GB660 [12]. - The focus for Unity Ridge in 2026 will be on confirming gold grades and widths from historical drilling and estimating the amount of oxide gold mineralization that could be leached [14].

Core Viewpoint - Norsemont Mining Inc. is initiating a CAD$10 million non-brokered private placement of unsecured convertible debenture units to support its operations and project advancements [1][5][6] Financing Details - The offering consists of convertible debenture units priced at US$1,000 each, convertible into common shares at CAD$0.86 per share, along with 802 transferable common share purchase warrants priced at CAD$1.00 per share [1] - The convertible debentures will bear an interest rate of 5.25% per annum and have a maturity date of three years from the closing date [1] - The financing is expected to close on December 17, 2025, pending the standard notice period required by the Canadian Securities Exchange [2] Conversion and Acceleration Rights - If the common shares exceed CAD$3.00 for 10 consecutive trading days, the company may issue a notice for automatic conversion of the convertible debentures into common shares [3] - If the common shares close at CAD$1.75 or greater for 10 consecutive trading days, the company may accelerate the expiry of the warrants [4] Use of Proceeds - Proceeds from the offering are intended for general working capital and to advance the Choquelimpie Gold-Silver-Copper project [5] Company Overview - Norsemont Mining holds a 100% interest in the Choquelimpie project, which has an indicated mineral resource estimate of 1,731,000 gold ounces and 33,233,000 silver ounces [9] - The project is located in northern Chile and has significant existing infrastructure, including a 3,000-tonne-per-day mill [9]

Core Insights - The International Energy Agency (IEA) anticipates a significant copper deficit emerging over the next decade, with demand potentially exceeding supply by 30% unless mining is accelerated [1][2] - The copper mining sector faces challenges such as declining ore grades, rising capital costs, and lengthy project timelines, complicating the scaling of production [3] - The global refined copper market is projected to experience a deficit of 150,000 metric tonnes in 2026, a shift from a previously expected surplus of 209,000 tonnes due to slower production growth [3] Industry Overview - Copper is essential for various applications including electrical wiring, power transmission, plumbing, electronics, renewable energy technologies, and industrial machinery, valued at $9.24 billion in 2024 and expected to grow to $13.93 billion by 2035, with a CAGR of 3.8% from 2025 to 2035 [4] - China's dominance in the copper market raises concerns for other countries regarding their supply chains, with China's refined copper output projected to reach a record high in 2025 [5] - The global copper shortage began in late 2023 due to mine closures and increased smelting capacity, which reduced processing fees and profitability for smelters [6]

Core Viewpoint - Faruqi & Faruqi LLP is investigating potential claims against Freeport-McMoran Inc. related to a federal securities class action lawsuit, with a lead plaintiff deadline set for January 12, 2026 [2][4]. Group 1: Legal Proceedings - The lawsuit alleges that Freeport and its executives violated federal securities laws by making false or misleading statements and failing to disclose safety issues at the Grasberg Block Cave mine in Indonesia [4]. - The complaint highlights that inadequate safety measures posed a heightened risk of worker fatalities, which was not disclosed to investors [4]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights with the firm [2][4]. Group 2: Incident Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg Block Cave after a significant incident trapped seven workers, leading to a stock price drop of $2.77 (5.9%) to $43.89 per share [5]. - Following the tragic update on September 24, 2025, where two workers were confirmed dead, Freeport's stock fell by $7.69 (17%) to close at $37.67 per share [6]. - An article published on September 25, 2025, indicated that the halt in production could strain Freeport's relationship with the Indonesian government, resulting in a further stock decline of $2.33 (6.2%) to $35.34 [7]. Group 3: Expert Opinions and Future Actions - An expert stated that the landslide incident at Freeport was preventable and should have been anticipated, raising concerns about the company's operational safety [8]. - The firm encourages anyone with information regarding Freeport's conduct, including whistleblowers and former employees, to come forward [9].