Gregory C. Shearer (44-20) 7134-8161 gregory.c.shearer@jpmorgan.com J.P. Morgan Securities plc Ali A. Ibrahim (44-20) 3493-6438 ali.ibrahim@jpmorgan.com J.P. Morgan Securities plc Ananyashree Gupta (91-22) 6157 3627 ananyashree.gupta@jpmchase.com J.P. Morgan India Private Limited See page 13 for analyst certification and important disclosures. J P M O R G A N Global Commodities Research 18 July 2025 Metals Weekly The Known Unknowns of US Copper Tariffs Global Commodities Research {[{xTcfaSlj-ZSQMv-ljRpIM7mZ ...

18 July 2025 Global Metals & Mining Global Metals & Mining: What does and does not predict the price of gold and why $3,700/oz is the right forecast Bob Brackett, Ph.D. +1 917 344 8422 bob.brackett@bernsteinsg.com Andrianto Guntoro +44 207 676 6825 andrianto.guntoro@bernsteinsg.com We have been bullish gold since early 2024, and price has risen by 60% since. If this were an industrial commodity, we would probably think that the cycle peak is near. In this note, we explore 15 common methods to forecast gold ...

In its upcoming report, Newmont Corporation (NEM) is predicted by Wall Street analysts to post quarterly earnings of $1.04 per share, reflecting an increase of 44.4% compared to the same period last year. Revenues are forecasted to be $4.62 billion, representing a year-over-year increase of 4.9%.The current level reflects a downward revision of 5.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their i ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce an upsize to its previously announced "best efforts" private placement. Under the amended terms, the Company will issue up to 27,858,000 units of the Company (each a "Unit") at a price of $0.70 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to $19,500,600 (the "Offering").Eric Sprott, through 2176423 Ontario Ltd ...

Regis Resources Limited (OTCPK:RGRNF) Q4 2025 Earnings Conference Call July 20, 2025 9:00 PM ET Company Participants Anthony Rechichi - Chief Financial Officer Jim Beyer - CEO, MD & Director Michael Harvy Lou Holmes - Chief Operating Officer Conference Call Participants Alexander Barkley - RBC Capital Markets, Research Division Alistair Harvey - JPMorgan Chase & Co, Research Division Andrew Bowler - Macquarie Research Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division Hugo Nicolaci - Goldman ...

Core Viewpoint - Freeport-McMoRan Inc. (FCX) is expected to report strong second-quarter 2025 results, driven by favorable copper prices, lower unit costs, and increased sales volumes [1][6][10] Group 1: Earnings Performance - FCX has a trailing four-quarter earnings surprise of approximately 10.5%, having beaten the Zacks Consensus Estimate for earnings in two of the last four quarters [1] - The Zacks Consensus Estimate for FCX's second-quarter earnings is currently set at 46 cents, with an Earnings ESP of +1.62% indicating a potential earnings beat [5][6] Group 2: Revenue and Sales Volumes - The Zacks Consensus Estimate for FCX's second-quarter consolidated revenues is projected at $7,121 million, reflecting a year-over-year increase of about 7.5% [7] - Copper sales volumes for the second quarter are estimated at 1.005 billion pounds, representing an 8% year-over-year increase and a 15% sequential rise from the first quarter [6][9] Group 3: Cost Structure - FCX's projected consolidated average unit net cash costs per pound of copper for the second quarter are expected to decline to $1.50 from $2.07 in the prior quarter [10] - The reduction in unit costs is anticipated to be driven by higher copper and gold volumes from operations in Indonesia [10] Group 4: Market Conditions - Copper prices experienced volatility in the second quarter, fluctuating between approximately $4.1 and $5 per pound, ultimately closing above $5 per pound at the end of June [8] - The overall copper price trend in the first half of 2025 showed a gain of roughly 25% [8]

Go Metals Announces KM98 Bulk Sample Program and Partnership with INRS and UQACJuly 21, 2025 9:07 AM EDT | Source: Go Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - Go Metals Corp. (CSE: GOCO) ("Go Metals" or the "Company") is pleased to announce that it plans to undertake a bulk sampling program at KM98 Vanadium Titanomagnetite Project to support a maiden metallurgical study."We are excited to return to Havre-Saint-Pierre to advance the KM98 Project through a crit ...