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LATEST: 📉 CleanSpark and IREN shares dropped 19% and 11%, respectively, on Thursday after both miners missed quarterly earnings estimates, with CleanSpark posting a $378.7 million loss. https://t.co/Ub5uiqwUqm ...

Core Insights - Barrick Mining Corporation reported profits of $2,406 million or $1.43 per share for Q4 2025, a significant increase from $996 million or 57 cents per share in the same quarter last year. Adjusted earnings per share were $1.04, surpassing the Zacks Consensus Estimate of 85 cents [1][6] - Total sales reached $5,997 million, reflecting a 64.5% year-over-year increase, also exceeding the Zacks Consensus Estimate of $5,096.9 million [1][6] Operational Highlights - Gold production totaled 871,000 ounces in the reported quarter, down approximately 19.4% year over year. The average realized price of gold was $4,177 per ounce, up around 57.2% [2] - The cost of sales increased by about 33.3% year over year to $1,904 per ounce, while all-in-sustaining costs (AISC) rose 9% to $1,581 per ounce [2] Financial Position - At the end of the quarter, Barrick had cash and cash equivalents of $6,706 million, a 64.5% increase from the prior year. Total debt was $4,703 million, down 0.5% year over year [3] - Operating cash flow for the quarter was $2.73 billion, and free cash flow was $1.62 billion [3] Guidance - For 2026, Barrick anticipates attributable gold production in the range of 2.90-3.25 million ounces. AISC is projected at $1,760-$1,950 per ounce, with cash costs per ounce forecasted at $1,330-$1,470 [4] - The company expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, with cash costs per ounce of $2.20-$2.45 and cost of sales of $3.05-$3.35 per pound for 2026 [4] Price Performance - Barrick's shares have increased by 156.2% over the past year, outperforming the industry's rise of 128.7% [5]

Core Insights - Scandium Canada Ltd. has signed a service agreement with Norda Stelo for the completion of the pre-feasibility study for the Crater Lake project, with results expected by summer 2026 [1][2] - The PFS will integrate the Updated Mineral Resource Estimate NI 43-101 technical report from April 2025, while metallurgical processes will be handled by other firms selected by Scandium Canada [2] - The Crater Lake project includes the construction of mining infrastructure, a hydrometallurgy plant, and discussions on an access road from Schefferville to the site [3] Company Overview - Scandium Canada Ltd. aims to become a leading primary source of scandium, focusing on the development and commercialization of aluminum-scandium alloys to meet the demand for high-performance materials [5] - The company is committed to building a responsible economy through innovation and agility, leveraging its Al-Sc alloy development subsidiary [5] - Norda Stelo, the consulting-engineering firm involved in the project, specializes in complex projects related to infrastructure, natural resources, and energy, employing nearly 900 people [4]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Toronto, Ontario--(Newsfile Corp. - February 6, 2026) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) ("Moon River" or the "Company") announces that the Company has filed an independent technical report entitled the National Instrument NI 43-101 Technical Report for the Davidson Mine Preliminary Economic Assessment ("PEA") ("the Davidson Mine Technical Report") dated February 6, 2026 with an effective date of December 23, 2025.The Davidson Mine Technical Report is available under the Company's profile on ...

Core Insights - ArcelorMittal S.A. reported a fourth-quarter 2025 net income of $177 million, or 23 cents per share, a significant improvement from a loss of $390 million, or 51 cents per share, in the same quarter last year [2] - Adjusted earnings were 86 cents per share, exceeding the Zacks Consensus Estimate of 56 cents [2] - Total sales increased by approximately 2% year over year to $14,971 million, although this figure fell short of the consensus estimate of $15,760.7 million [2] Financial Performance - Total steel shipments decreased by 4% year over year to 13 million metric tons, missing the consensus estimate of 14.5 million metric tons [3] - In North America, sales rose by 16% year over year to $3,045 million, while crude steel production fell by 4.2% to 1,804 million metric tons [4] - Brazil saw a slight sales increase of 0.4% year over year to $2,901 million, with crude steel production rising by 3.1% to 3,636 million metric tons [5] - European sales declined by around 6% year over year to $6,736 million, with crude steel production down nearly 17% to 6,398 million metric tons [6] - Mining segment sales surged by 29% year over year to $908 million, with iron ore production totaling 10.1 million metric tons, up approximately 13.5% [7] Cash and Debt Position - At the end of the reported quarter, cash and cash equivalents stood at $5,476 million, down from $5,733 million in the previous quarter, with net debt around $7.9 billion [8] Future Outlook - The company anticipates global steel demand, excluding China, to improve in 2026, with apparent steel consumption projected to grow around 2% year over year [9] - ArcelorMittal plans to invest $4.5 to $5.0 billion in capital expenditures during 2026 to enhance capacity and efficiency, targeting medium- and long-term structural demand drivers [11] Stock Performance - ArcelorMittal's shares have increased by 105.6% over the past year, contrasting with a 58.7% decline in the industry [14]

Core Viewpoint - The merger discussions between Glencore and Rio Tinto, which have been pursued for over a decade, recently broke down due to valuation disagreements, despite the strategic benefits that such a merger could provide to both companies [1][4]. Group 1: Merger Discussions - Formal discussions between Glencore and Rio Tinto began in mid-December, with negotiations accelerating in January after the approach became public, triggering U.K. takeover rules [2] - On the deadline day, negotiations collapsed over valuation, with Glencore seeking approximately 40% ownership of the combined entity, reflecting its view on the long-term value of its copper assets [3] - Rio Tinto's executives deemed the ownership gap too significant to bridge, leading to an announcement that they could not reach an agreement that would deliver value to shareholders [4] Group 2: Strategic Rationale - The merger was strategically appealing as Rio Tinto is heavily reliant on iron ore, a market facing oversupply and price declines, while Glencore has seen a significant drop in copper output [5][6] - A merger would have positioned Rio Tinto as the world's leading copper producer, enhancing its exposure to copper, which is crucial for electrification, while Glencore would diversify away from coal and benefit from Rio's operational discipline [7][8] Group 3: Obstacles to Merger - Persistent issues such as valuation, governance, and cultural differences hindered the merger discussions, with Glencore showing flexibility in leadership roles but insisting on a favorable share-exchange ratio [9] - Rio's advisers linked the bid to share prices at the time of the public announcement, which Glencore viewed as an arbitrary undervaluation of its copper portfolio, leading to a stalemate [10] Group 4: Current Challenges - Following the breakdown of talks, both companies are left to confront the challenges they aimed to address through the merger, with Rio Tinto struggling with an expensive lithium diversification and Glencore remaining overexposed to coal [10][11] - Glencore also faces significant financial commitments related to a high-risk copper project in Argentina and has a concentrated shareholder structure, with Glasenberg and a Qatari sovereign wealth fund holding nearly 20% of the company [11][12]

A failed attempt to combine Rio Tinto and Glencore is a reminder that mega deals in mining are hard to achieve, writes @Paul_VLH https://t.co/gJFX87BF9y ...

Core Viewpoint - Vault Strategic Mining Corp. has announced a non-brokered private placement of up to 2,000,000 units at a price of $0.25 per unit, aiming for gross proceeds of up to $500,000 [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.35 for twelve months [2]. - The net proceeds from the private placement will be used for exploration activities and general corporate purposes, with potential finders' fees applicable [3]. - All securities issued will be subject to a hold period of four months and one day as per applicable securities legislation [3]. Group 2: Warrant Provisions - The warrants include an acceleration provision, allowing the company to notify warrant holders to exercise their warrants if the weighted average daily trading price exceeds $0.60 for five consecutive trading days [4]. - If the acceleration notice is issued, warrants not exercised within 30 days will expire [4]. Group 3: Insider Participation - Any insider participation in the private placement will be considered a related party transaction, and the company will rely on exemptions from formal valuation and minority approval requirements [5].