Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - Elliott Investment Management has taken a position in Barrick Mining and is advocating for the separation of North American assets from its higher-risk operations in Asia and Africa, which the Barrick board is now exploring [3][9][10]. Company Overview - Barrick Mining, formerly Barrick Gold Corporation, is a global mining company primarily focused on gold and copper production, with operations in various countries including Argentina, Canada, and the Democratic Republic of Congo [1][4]. - The company operates 14 gold mines and three copper mines, with significant assets in North America, particularly the Nevada Gold Mines joint venture with Newmont [4]. Recent Performance - Barrick's stock has more than doubled in the past six months, yet it trades at a price to net asset value ratio of 0.9, which is below its North American peers [5]. - The price of gold has increased by over 70%, contributing to Barrick's stock appreciation of more than 100% [10]. Management Changes - The abrupt departure of Barrick's CEO in September led to the appointment of Mark Hill as interim CEO, creating opportunities for activist investors like Elliott to influence the selection of a new CEO [6][7]. - The interim CEO status allows for the exploration of strategic alternatives, including the potential breakup of the company [8]. Strategic Considerations - Separating North American operations from higher-risk regions could help close the valuation gap between Barrick and its peers, such as Agnico Eagle, which trades at approximately 1.5 times its net asset value [9][10]. - Management has indicated that applying a peer-like multiple to Barrick's North American assets could unlock up to 49% of unrealized value [10]. Activist Investor Dynamics - Elliott Investment Management is known for its thorough due diligence and has likely held a position in Barrick for several months, benefiting from the recent stock appreciation [2][12]. - The presence of Elliott is expected to influence the board's decisions regarding the new CEO and the potential breakup of the company [11].

Core Viewpoint - Copper Quest Exploration Inc. has successfully completed a non-brokered private placement, issuing 10,142,104 flow-through shares at a price of $0.19 per share, raising gross proceeds of $1,927,000 for exploration activities in British Columbia [1][2][3] Group 1: Private Placement Details - The private placement consists of flow-through shares, which will be utilized for Canadian exploration expenses and critical mineral mining expenditures [2] - The company paid cash finder's fees totaling $130,199.98 and issued 685,261 finder's warrants, allowing the holder to acquire one non-flow-through common share at an exercise price of C$0.19, expiring on December 5, 2027 [3] - The company may issue an additional 255,264 flow-through shares under the same terms by December 15, 2025, subject to a statutory hold period [5] Group 2: Company Strategy and Projects - The CEO of Copper Quest emphasized the company's focus on advancing its seven quality projects, including recent acquisitions, to enhance shareholder value through ground work and drilling in 2026 [3] - Copper Quest holds a 100% interest in several projects, including the Stars Property and the Nekash Copper-Gold Project, which are strategically located in key mining jurisdictions [10][11][12] - The company is committed to sustainable and responsible business practices, aiming to build shareholder value through project acquisition and development [14] Group 3: Industry Context - The copper market is facing persistent deficits due to rising global demand and challenges in new supply, highlighting the strategic importance of copper in the energy transition and modern infrastructure [9] - Recent U.S. policy changes, including import tariffs, underscore the need for resilient and localized resource exploration and development in the copper sector [9]

Core Insights - Ero Copper Corp. is a mining company focused on copper production in Brazil, known for its efficient operations and competitive positioning in the market [1] - The company has received mixed ratings from analysts, with some upgrades and downgrades affecting its stock performance [4] Stock Performance - Ero Copper recently reached a new 52-week high, with shares trading as high as C$34.50 and closing at C$34.36, a significant increase from the previous close of C$33.97 [3] - The stock is currently trading on the NYSE at $25.31, reflecting a 0.72% increase, with a trading volume of 515,930 shares [5][6] - Over the past year, Ero Copper has fluctuated between a high of $26.77 and a low of $9.30 [5] Analyst Ratings and Price Targets - CIBC adjusted its rating for Ero Copper to Neutral and raised the price target from C$37 to C$42, indicating a positive outlook for the company's future performance [2][6] - Scotiabank upgraded Ero Copper from a "hold" to an "outperform" rating, raising their price target from C$33.00 to C$36.00 [3] - National Bankshares increased their price objective from C$27.00 to C$35.00, while Desjardins lowered their target price from C$25.00 to C$23.00 [4]

Core Viewpoint - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. alleging securities fraud affecting investors between February 15, 2022, and September 24, 2025 [1][2] Group 1: Allegations - The lawsuit claims that Freeport-McMoRan did not ensure adequate safety at the Grasberg Block Cave mine in Indonesia [2] - It is alleged that the lack of proper safety measures posed a heightened risk that could foreseeably lead to worker fatalities [2] - The complaint states that these safety issues resulted in undisclosed regulatory, litigation, and reputational risks, making previous statements about the company's business and operations materially false and misleading [2] Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until January 12, 2026, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]

Peru’s Congress approved a one-year extension for a controversial permit used by informal gold and copper miners to operate with looser requirements than the formal industry https://t.co/r0ZkjZgdZ6 ...

Core Insights - India's investment in Peru's copper sector is being driven by conglomerate Adani and miner Hindalco Industries, focusing on acquiring stakes in existing mines or forming joint ventures [1] - Peru, as the third-largest copper producer, is actively seeking new investments while negotiating a free trade agreement with India [2] Group 1: Investment Opportunities - Adani and Hindalco are in the initial stages of exploring investment opportunities in Peru's copper sector, with Adani having sent a delegation earlier this year [3] - The Indian government is encouraging domestic mining companies to invest abroad to secure copper supply chains, as outlined in a policy document released in July [3] Group 2: Copper Demand and Supply - India's copper imports increased by 4% to 1.2 million tonnes in the fiscal year ending March 2025, with demand projected to reach 3–3.3 million tonnes by 2030 and 8.9–9.8 million tonnes by 2047 [5] - According to the Ministry of Mines' Copper Vision Document 2025, India may need to source 91–97% of its copper concentrate requirements from overseas by 2047 [4] Group 3: Foreign Investment in Peru - In 2024, Peru produced approximately 2.7 million tonnes of copper and attracted $4.96 billion in foreign investment in the sector [2] - Ongoing discussions between India and Peru include a detailed chapter on copper in free trade negotiations to secure a fixed volume of copper concentrate [5]

Core Insights - Koryx Copper Inc. has provided updates on exploration results and progress on its two large-scale exploration licenses in Zambia, specifically the Luanshya West project and Mpongwe project [2][4] Group 1: Project Overview - Koryx holds the option to acquire up to 80% of the Projects in Zambia's Copperbelt, which is part of the Central African Copperbelt, the world's largest sedimentary rock-hosted stratiform copper province [3] - The Luanshya West Project is located in the Chambishi sub-basin, with mineralization along strike to known deposits at Chibuluma and Chifupu [5] - The Mpongwe Project has faced access challenges due to weather conditions but has begun reconnaissance mapping and regional soil sampling [23][25] Group 2: Exploration Progress - The 2025 field programs at Luanshya West have identified further copper and cobalt soil geochemistry anomalies and improved the ranking of these anomalies based on mapping and geophysical data [7][9] - A successful drone-mounted airborne magnetic survey has been completed, enhancing lithological and structural interpretations [8] - Initial regional surface sampling at the Mpongwe Project has been completed, with approximately 5,000 soil samples collected [25] Group 3: Target Identification - Multiple targets have been identified for drill testing at Luanshya West, with a drill program planned for early 2026 [9][22] - Specific targets such as LWT1, LWT3, and LWT6 have shown promising geochemical anomalies, with LWT1 being a priority due to high manganese, copper, and cobalt values [12][13][15] - The company plans to conduct approximately 3,000 meters of drilling, focusing on both direct target testing and deeper exploratory drilling [22] Group 4: License Ownership and Future Plans - The process to transfer the licenses into the company's wholly-owned subsidiary in Zambia is ongoing, with the company currently owning 51% and an option to earn up to 80% [27] - The company has retained legal counsel in Zambia to assist with the official documentation process [27]

Core Insights - Aftermath Silver Ltd. announced a new Mineral Resource Estimate (MRE) for the Berenguela silver-copper-manganese project, showing a 21% increase in contained silver in Measured and Indicated resources to 122.5 million ounces (Moz) [2][7] - The MRE was completed by BBA International and is based on extensive drilling data, enhancing the understanding of the deposit [2][3] Resource Estimates - The combined Measured and Indicated (M&I) resources increased by 11.37 million tonnes or 28.3% to 51.55 million tonnes [4] - The conversion of Inferred resources to M&I resulted in a decrease of 7.96 million tonnes in the Inferred resources inventory [5] - The MRE is based on data from 439 drill holes, including 82 diamond drill holes drilled by Aftermath in 2024/25 [5] Metal Content - The contained metal in M&I resources increased as follows: - Silver: increased by 21.3 Moz (21%) to 122.5 Moz with 22.0 Moz in Inferred resources [7] - Manganese: increased to 2.93 million tonnes (Mt) M&I with 0.47 Mt Inferred resources [7] - Copper: increased to 717.1 million pounds (Mlb) M&I with 118.4 Mlb Inferred resources [7] - Zinc: increased to 372.4 Mlb M&I with 80 Mlb Inferred resources [7] Geological Insights - Mineralization at Berenguela is primarily hosted in mid-Cretaceous age limestones and is interpreted as a carbonate replacement deposit [25] - The mineralization extends approximately 1,500 meters in length and 200 to 400 meters in width, with drilling identifying mineralization up to 80 meters below the surface [26] Future Plans - The company plans to expedite development and engineering work at Berenguela and conduct additional drilling towards the eastern margins of the mineralization [6][8]

Core Insights - Harmony Mining has selected Metso to supply equipment for the Eva Copper Mine project in Queensland, Australia, with an order valued at approximately €55 million [1] - The Eva Copper Project is expected to become Queensland's largest new mine and the fourth-largest copper mine in Australia, following a positive final investment decision [2][3] Project Details - The mine is forecasted to produce around 60,000 tonnes of copper and 14,000 ounces of gold annually over an estimated 15-year mine life [3] - The project will utilize a mechanized, open-pit mining approach and a conventional copper concentrator process to reduce operational risk [3] Equipment Specifications - Metso's equipment delivery includes a gearless Premier SAG mill with 24MW of installed power, a Premier twin pinion ball mill with 18MW of power, and associated mill linings and spares [4] - For pebble crushing, Harmony has selected two MP800 cone crushers, recognized for their performance and reliability [4] - The flotation circuit will feature 15 Metso TankCell flotation cells and a Vertimill VTM3000 [4] Additional Technologies - A Metso Courier 6X SL slurry analyser will provide real-time assaying of copper and other elements in the slurry [5] - The project will also utilize a Metso PSI 500i Particle Size Analyser and Metso MillSense for quick online analysis of grinding operations [5] - For concentrate and tailings management, Harmony has chosen 20m concentrate and 65m tailings thickeners, equipped with Metso's Reactorwell to enhance water recovery [5][6] Partnership and Collaboration - Metso Minerals Asia-Pacific vice-president expressed pride in being chosen by Harmony and highlighted the collaborative efforts in optimizing equipment selection [7]