Core Viewpoint - Hudbay Minerals Inc. has resumed operations in Snow Lake following the lifting of the mandatory evacuation order due to wildfires, with expectations to return to full production levels by early September 2025 [1][3]. Group 1: Operations and Safety - The emergency preparedness and community response efforts successfully safeguarded Hudbay's surface infrastructure and facilities during the wildfires, with no structural damage reported [2]. - A comprehensive restart plan has been implemented, focusing on employee safety and asset integrity, including infrastructure safety reviews and inspections [2]. Group 2: Production Resumption - Milling activities at the New Britannia mill resumed on August 26, 2025, and the full mining workforce at Lalor returned on August 27, 2025 [3]. - The entire Snow Lake operation is expected to reach full production levels by early September, and the company anticipates achieving its 2025 annual guidance metrics despite the wildfire impacts [3]. Group 3: Company Overview - Hudbay is a copper-focused critical minerals mining company with operations in Canada, Peru, and the United States, producing copper as its primary metal along with gold, zinc, silver, and molybdenum [6][7]. - The company has a growth pipeline that includes several projects in the United States and Peru, emphasizing sustainable practices and community relations [7][8].

Core Viewpoint - Marimaca Copper Corp. announced the results of its Definitive Feasibility Study (DFS) for the Marimaca Oxide Deposit (MOD), targeting a nominal production of 50,000 tonnes per annum (ktpa) of copper cathode over an estimated 13-year reserve life [1][2][3] Financial Metrics - The pre-production capital cost is estimated at US$587 million, with a capital intensity of US$11,700 per tonne of copper production capacity, positioning the MOD among the lowest capital cost copper projects globally [2][20][26] - The post-tax Net Present Value (NPV8) is estimated at US$709 million, with an Internal Rate of Return (IRR) of 31% based on a long-term copper price of US$4.30 per pound [2][39][45] - At the current 3-month rolling average COMEX price of US$5.05 per pound, the post-tax NPV8 increases to US$1.07 billion, with a 39% IRR [2][39] Production and Operating Costs - The DFS outlines a steady-state production of approximately 49 ktpa of Grade A LME copper cathode during years 2-10, with average C1 cash costs of US$1.68 per pound and All-In Sustaining Costs (AISC) of US$2.09 per pound during this period [2][19][34] - The life-of-mine (LOM) C1 cash costs are projected at US$1.84 per pound, with AISC at US$2.29 per pound [2][34][37] Mining and Recovery - The mining operation will utilize a simple open-pit method with a life-of-mine strip ratio of 0.8:1, including pre-stripped material [2][12] - The LOM heap leach copper recoveries are estimated at 72%, with the first five years projected at 78% [2][16] Growth Opportunities - The DFS is viewed as a starting point for the company's organic growth strategy, with potential for future expansions and additional production capacity from nearby deposits such as Pampa Medina and Madrugador [2][7][9] - The company is also exploring sulphide exploration potential at both Marimaca and Pampa Medina, supported by recent drilling successes [2][7] Project Development and Financing - The project permitting process is well underway, with environmental approvals anticipated by the end of 2025, allowing construction to commence in 2026 [2][8] - Debt financing discussions are ongoing, with the objective of identifying preferred financing partners by year-end 2025 [2][48][49] Technical and Operational Details - The DFS incorporates a dynamic geo-metallurgical model based on extensive metallurgical testing, ensuring robust forecast economics [2][16] - Initial designs include oversized key equipment and infrastructure to facilitate potential future scale expansions [2][6]

Core Viewpoint - XXIX Metal Corp. announces fully funded exploration programs for its Opemiska and Thierry Copper Projects, highlighting significant drilling plans and upcoming economic assessments [1][9]. Drilling Programs - A drill program of up to 15,000 metres is planned at the K1 deposit of the Thierry Copper Project, aimed at expanding the current resource based on a newly developed geological model [2][4]. - The K1 deposit currently has an inferred resource of 53.6 million tonnes with grades of 0.38% copper, 0.10% nickel, and other metals [2][3]. - A 5,000-metre drill program is set for the Cooke Gold Zone at the Opemiska Project, which has not been adequately tested since the mine's closure, with historical production of 1.97 million tonnes at 5.04 g/t gold and 0.66% copper [5][9]. Economic Assessment - A Preliminary Economic Assessment (PEA) for the Opemiska Project is anticipated to be completed in October 2025, marking the first economic evaluation since 1991 [6][8]. - The PEA will focus on maximizing project value by prioritizing high-grade tonnes early in the proposed mine plan [6]. Project Overview - The Opemiska Project spans 21,333 hectares and is noted as one of Canada's highest-grade open-pitable copper deposits, with a reported resource of 62.7 million tonnes at 1.04% CuEq (Indicated) and 78.4 million tonnes at 0.41% CuEq (Inferred) as of June 2025 [9]. - The Thierry Project features significant infrastructure and is accessible via an all-season road, with past production from two open pits [9].

Core Points - Ivanhoe Mines is set to commence Stage Two dewatering of the Kakula Mine imminently, following the completion of Stage One on June 2, 2025 [3][22] - The company expects to reinstate its 2026/2027 production guidance in September 2025, with an updated long-term integrated mine plan targeted for Q1 2026 [1][22] - Copper grades from the Kakula Mine are anticipated to improve towards the end of the year as underground water levels decrease, allowing access to higher-grade areas [1][14] Dewatering Activities - Stage Two dewatering will involve the installation of four high-capacity submersible pumps, each with a capacity of 650 litres per second, to dewater the eastern side of the Kakula Mine [3][4] - The installation of the pumps began on August 15, 2025, with two pumps expected to be operational by the end of August and the remaining two by mid-September [9][32] - The submersible pumps will be fully submerged until the end of November 2025, when the majority of dewatering is expected to be complete [6][32] Rehabilitation and Mining Plans - Rehabilitation of accessible areas underground at Kakula is complete, and selective mining in the eastern workings is expected to start in Q1 2026 [15][22] - Dewatering of the western side of the Kakula Mine is projected to be completed within eight weeks, allowing for quick access to high-grade areas [14][32] - Stage Three dewatering activities will commence in late 2025, focusing on rehabilitating and recommissioning major existing pump stations on the eastern side of the mine [16][32] Production Guidance - Kamoa-Kakula's engineering team is expected to provide copper production guidance for 2026 and 2027 in mid-late September 2025 [22][32] - An updated life of mine plan is anticipated to be released in late Q1 2026 [22][32] Inga II Hydroelectric Facility - The refurbishment of Turbine 5 at the Inga II hydroelectric facility is nearing completion, with mechanical installation complete and commissioning activities underway [23][32]

Group 1 - Codelco, the world's largest copper producer, has lowered its copper production target for the year to 1.34-1.37 million tons from the previous target of 1.37-1.40 million tons announced in March [1] - The company's copper production in the first half of the year increased by 9.3% year-on-year to 634,000 tons [1] - The company's pre-tax profit for the first half of the year decreased by 34% year-on-year to $429 million [1] Group 2 - In 2023, Codelco's copper output is expected to reach its lowest level in 25 years due to factors such as aging mines and delays in major expansion projects [1] - Operations at the El Teniente copper mine were suspended following an accident on July 31 [1]

Summary of Copper Industry Conference Call Industry Overview - The conference call focused on the copper mining industry, discussing production, inventory dynamics, and market outlook. Key Points Production Insights - Major copper miners reaffirmed their full-year production guidance for FY 2025, although some, including Freeport-McMoRan (FCX) and Teck Resources (TECK), have trimmed their forecasts. Others like Anglo American (AAL) and Glencore (GLEN) need to significantly increase production to meet their guidance [1] - In Q2 2025, copper production across major producers increased by approximately 6% quarter-over-quarter and 4% year-over-year, with a 2.5% year-over-year increase for the first half of the year [1] - Supply growth is expected to be constrained at around 2% in 2025, with notable production increases from Escondida (up 20% in 1H) but a moderation expected in 2026 [1] Inventory Dynamics - U.S. imports of refined copper surged by approximately 560,000 tons (190%) year-to-date compared to the previous year, and up 500,000 tons (150%) against the five-year average [2] - Despite increased imports, the Comex inventory build only rose by 150,000 tons year-to-date, indicating that much of the increased imports may have been accumulated as unreported inventory [2] - LME inventories fell by about 180,000 tons (65%) from January to June but have started to recover, increasing by 65,000 tons since the end of June [2] Tariff Impacts - President Trump's announcement on July 31 regarding tariffs on copper semis led to a significant drop in the COMEX premium, which could result in re-exporting built-up copper inventories if the COMEX trades at a discount to LME [3] - A material decline in U.S. imports is anticipated, which may increase supply to China and Europe, potentially raising LME and SHFE inventories in the near term [3] Disruptions and Mine Updates - El Teniente, a major underground copper mine, faced a fatal tunnel collapse on July 31, leading to a temporary suspension of operations. This incident is expected to reduce copper concentrate supply by approximately 30,000 tons per month [4] - Although operations are set to resume, production rates are expected to be lower for the remainder of 2025 and potentially into 2026 [4] Market Outlook - The medium-term outlook for copper remains bullish, but near-term caution is advised due to risks associated with U.S. tariff unwinding [5] - Recent downgrades were made for FCX, Southern Copper Corporation (SCCO), and Lundin Mining Corporation (LUN) to Neutral, while KGHM was downgraded to Sell. Conversely, ANTO, AAL, and Zijin are still considered good buys [5] Additional Insights - The report highlights that visible copper inventories are currently around 0.5 million tons, which is below the average levels of 0.75 million tons from 2010 to 2020, indicating a tight supply situation [32] - The seasonal nature of copper inventories in China was noted, with typical increases in Q1 and draws through Q2 to Q4 [34] Conclusion - The copper industry is experiencing a complex interplay of production challenges, inventory dynamics, and tariff impacts, which are shaping the market outlook. Investors should remain vigilant regarding these factors when considering investment opportunities in the sector.

Core Viewpoint - Marimaca Copper Corp. has signed a binding asset purchase option agreement to acquire a used sulfuric acid plant in Chile, which is expected to significantly reduce the company's exposure to volatile sulfuric acid prices, a key input for the Marimaca Oxide Deposit [1][5]. Company Analysis - The acquisition of the sulfuric acid plant is valued at US$2.5 million, with an upfront payment of US$1 million and a second payment of US$1.5 million after a three-month due diligence period [5][12]. - The plant has a capacity of up to 150,000 tonnes per annum (ktpa) of concentrated sulfuric acid, which could cover approximately 30% to 40% of the total acid consumption at the Marimaca Oxide Deposit depending on the development phase [5][6]. - The company anticipates a potential 30% reduction in acid production costs compared to current long-term forecasts, with the ability to produce sulfuric acid at approximately US$70 per tonne [4][5]. Industry Context - According to projections from Comision Chilena del Cobre (Cochilco), acid prices in Chile are expected to normalize around US$95 per tonne from 2028 onwards, while the company-owned plant could produce sulfuric acid at a lower cost [4][18]. - The sulfuric acid market in Chile is currently influenced by high shipping costs and strong demand from the global fertilizer industry, but improvements in shipping rates are expected from 2026 onwards due to new fleet construction [14][18]. - The historical price correlation between elemental sulfur and sulfuric acid suggests that purchasing elemental sulfur may reduce overall exposure to price volatility [19][20].

Kodiak Drills 0.46% CuEq Over 111 m from Surface at the South Zone; Confirms Continuity over 950 m of Strike Length August 21, 2025 6:00 AM EDT | Source: Kodiak Copper Corp. Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") reports the first drill results from the 2025 drill program at its 100% owned MPD copper-gold porphyry project in southern British Columbia. The program focused on near-surface infill a ...

Company Announcement - Lion Copper and Gold Corp. will present live at the Clean Energy Metals Virtual Investor Conference on August 28, 2025, at 2:00 pm ET [1] - The presentation will be interactive, allowing investors to ask questions in real-time, with an archived webcast available post-event for those unable to attend live [1] Recent Developments - The company has announced the results of a pre-feasibility study for its brownfield Yerington Copper Project, along with the maiden mineral reserve [3] Company Background - Lion Copper and Gold Corp. is advancing its flagship copper project in Yerington, Nevada, through an Option to Earn-in Agreement with Nuton LLC, a venture of Rio Tinto [4] Event Information - Investors are encouraged to pre-register and conduct an online system check to facilitate participation and receive updates about the event [2]

Core Insights - Midnight Sun Mining Corp. has initiated the use of a second diamond drill at the Dumbwa Target within the Solwezi Project in Zambia to accelerate exploration efforts [1][2] - The exploration program aims to correlate previous drilling data with new induced polarization (IP) data and a significant 20-kilometre soil anomaly indicative of copper mineralization [2] Company Overview - Midnight Sun is focused on the Solwezi Project, located in the Zambia-Congo Copperbelt, which is the second largest copper-producing region globally [6] - The project is adjacent to major copper mines, including First Quantum's Kansanshi Mine, enhancing its potential for discovery [6] Exploration Details - The Dumbwa Target is characterized as a near-surface, low-strip, bulk-tonnage exploration site, with geological features similar to Barrick's Lumwana Mine, located approximately 60 kilometres to the west [3] - A high-grade copper-in-soil anomaly extends about 20 kilometres along strike and over 1 kilometre wide, with peak copper values reaching 0.73% [3] - Recent IP surveys have revealed the structural framework of the Dumbwa target, indicating a correlation between mineralized intervals from previous drilling and the interpreted target horizon [4]