Environmental Impact - A waste dam collapse at a Chinese state-owned copper mine in Zambia potentially released 30 times more toxic sludge than initially reported [1] Mining Industry Risk - The incident highlights potential environmental risks associated with waste dam management in the copper mining industry [1]

Core Insights - Latin Metals Inc. has acquired additional mineral rights for its Para copper project in southern Peru, expanding the project area and securing key drill targets [1][3][4] Acquisition Details - The newly acquired claim covers 300 hectares and was purchased for US$20,000 with no royalty obligations [7][9] - This acquisition consolidates a 100%-owned land position for the Para project, which now spans 2,200 hectares [12] Exploration and Data - Exploration data from Latin Metals, combined with historical data from Vale Exploration Peru, has defined multiple high-priority drill targets [3][10] - Vale had previously identified four priority drill targets and secured permits but did not conduct drilling [10] Project Development Plans - The company plans to initiate the drill permitting process shortly and is actively seeking a partner to fund and advance the project [4][7] - The Para project is located in Peru's Coastal Copper Belt, known for its favorable geology and infrastructure [12] Historical Context - Vale Exploration Peru conducted extensive groundwork on the Para project from 2013 to 2017, including geological mapping and geophysical surveys [10] - Latin Metals has validated and expanded upon Vale's work through systematic geochemical sampling [10][12]

Defines Drill TargetsVANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that its 100% owned subsidiary Zafiro Mining S.A.C. has acquired additional mineral rights contiguous to the Para copper project ("Para" or the "Project") in southern Peru. This acquisition expands the Project to the south and secures coverage over key drill targets (Figures 1 and 2). Key Takeaways: New Land Secured: Strat ...

Core Viewpoint - Andina Copper Corporation is a South America-focused copper explorer with significant projects in Argentina, Colombia, and Chile, aiming to create substantial shareholder value through its exploration activities [2][3]. Company Overview - Andina Copper Corporation, formerly known as Pampa Metals Corporation, is listed on the Canadian Stock Exchange (CSE:ANDC), Frankfurt (FSE:FIR), and OTC (OTCQB:PMMCF) [3]. - The company holds two significant discoveries along the world's premier copper-producing belt and has an undrilled copper-gold target near Marimaca Copper's Pampa Medina sulphide and Pias discoveries [2][4]. Exploration Activities - Rapid exploration and advancement of the Piuquenes porphyry Cu-Au project in San Juan, Argentina, with preparations for the 2025/26 field season underway [7]. - Drilling is set to recommence at the Cobrasco porphyry Cu-Mo project in Chocó, Colombia, with field mobilization imminent [7]. - Initial assessment of the Mantau Cu-Au target in Antofagasta, Chile, is ongoing with field reconnaissance [7]. - The company is pursuing a dual listing on the Australian Securities Exchange (ASX) and the TSX Venture Exchange (TSXV) [7].

Core Viewpoint - Amerigo Resources Ltd. has provided an operational update regarding its Minera Valle Central (MVC) operation, highlighting the resumption of operations at the El Teniente underground copper mine and the processing of fresh tailings [1][2][4]. Group 1: Operational Updates - The El Teniente underground copper mine received approval to restart operations in eight out of twelve sectors, with operations resuming on August 9, 2025 [2]. - Following the restart, MVC began processing fresh tailings from El Teniente on the night of August 10, 2025 [2]. - Prior to the restart, operations at El Teniente were suspended due to a seismic event that resulted in the death of six workers, leading to a temporary halt in the supply of fresh tailings to MVC [3]. Group 2: Production Expectations - Amerigo anticipates that daily throughput from fresh tailings will be lower than initially forecasted in MVC's 2025 production schedule until operations at El Teniente normalize [4]. - The company plans to mitigate production impacts by increasing the processing of historic tailings during this period [5]. Group 3: Company Overview - Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Codelco, the world's largest copper producer, and processes both fresh and historic tailings from the El Teniente mine [6].

Core Points - Amerigo Resources Ltd. provides an operational update on its 100% owned Minera Valle Central (MVC) located in Chile [1] - The El Teniente underground copper mine has resumed operations in eight out of twelve sectors after receiving approval from Chile's National Geology and Mining Service [2] - MVC is now processing both fresh tailings from El Teniente and historic tailings, although daily throughput from fresh tailings is expected to be lower than initially forecasted [4][5] Company Operations - Amerigo Resources processes copper and molybdenum concentrates at MVC by utilizing fresh and historic tailings from Codelco's El Teniente mine [6] - Following a seismic event that led to the suspension of operations at El Teniente, Amerigo continued processing historic tailings during the downtime [3] - The company aims to mitigate production impacts by increasing the processing of historic tailings while monitoring El Teniente's throughput [5] Future Outlook - The timing of normalized operations at El Teniente will significantly influence MVC's production guidance moving forward [9]

Core Points - Hudbay Minerals Inc. has entered into a joint venture with Mitsubishi Corporation, where Mitsubishi will acquire a 30% interest in Copper World LLC for an initial cash contribution of $600 million [1][5][9] - The partnership is aimed at advancing the Copper World project in Arizona, which is expected to produce 85,000 tonnes of copper annually for 20 years, creating significant economic value and job opportunities [4][8][16] Group 1: Joint Venture Details - Mitsubishi's investment consists of $420 million at closing and an additional $180 million within 18 months, with the transaction subject to customary closing conditions [1][5][11] - The joint venture will be structured as a new limited liability corporation, Copper World LLC, allowing Hudbay to retain its existing U.S. federal net operating losses of approximately $275 million and Arizona state losses of $210 million [9][11] - The transaction is expected to close in late 2025 or early 2026, pending regulatory approvals [11] Group 2: Strategic Importance - The partnership with Mitsubishi is seen as a significant milestone for Hudbay, enhancing its copper growth portfolio and validating the long-term value of the Copper World project [2][4][10] - Mitsubishi's involvement is strategically important for its growth strategy in the copper sector, leveraging Hudbay's operational expertise [2][6] Group 3: Economic Impact - The Copper World project is projected to contribute approximately $1.5 billion to the U.S. critical minerals supply chain and create over 1,000 jobs during construction, with 400 direct jobs and up to 3,000 indirect jobs once operational [4][8][6] - The project is expected to generate over $850 million in U.S. taxes over its initial 20-year mine life, supporting national security and energy independence [8][6] Group 4: Financial Flexibility - The joint venture significantly reduces Hudbay's estimated share of remaining capital contributions to approximately $200 million, deferring its first capital contribution until 2028 at the earliest [4][35] - The levered project internal rate of return (IRR) for Hudbay is expected to increase to approximately 90% based on pre-feasibility study estimates [4][35] Group 5: Project Development - The Copper World project is fully permitted and located on private land, with a mine life of 20 years and potential for future expansion [7][19] - A definitive feasibility study (DFS) is underway, with completion expected by mid-2026, and Hudbay plans to advance detailed engineering and other de-risking activities [7][35]

Core Viewpoint - Osisko Metals has announced promising new drill results from the Gaspé Copper Project, indicating significant resource expansion potential and the possibility of increasing the mineral resource estimate (MRE) in the upcoming update scheduled for Q1 2026 [1][2][19]. Summary by Relevant Sections Drill Results - New analytical results include 20 mineralized intercepts from 7 new drill holes, with infill intercepts aimed at upgrading inferred mineral resources and expansion intercepts potentially leading to additional resources [3][5]. - Drill hole 30-0872 returned 92.1 metres averaging 0.24% Cu and 3.05 g/t Ag, followed by a higher grade intercept of 47.2 metres averaging 1.14% Cu and 11.8 g/t Ag, extending mineralization to a vertical depth of 390 metres [9][10]. - Drill hole 30-1085 intersected 219.0 metres averaging 0.41% Cu and 2.79 g/t Ag, and a second intercept of 754.5 metres averaging 0.24% Cu, extending mineralization to a vertical depth of 1110 metres [10][12]. - Drill hole 30-1092 returned 331.5 metres averaging 0.37% Cu and 3.21 g/t Ag, located 230 metres south of the 2024 MRE model [11]. - Drill hole 30-1096 intersected 730.7 metres averaging 0.29% Cu, extending mineralization to a vertical depth of 1062 metres [13]. - Drill hole 30-1099 showed 614.7 metres averaging 0.23% Cu, extending mineralization in the porphyry core of the deposit to a vertical depth of 1000 metres [15]. Resource Expansion Plans - The current drill program aims to convert the November 2024 MRE to Measured and Indicated categories and test the expansion of the system deeper and laterally [19]. - Additional drill holes are planned in the resource expansion target area, covering a surface of 450 metres by 550 metres, which is expected to add significant new tonnage to the MRE update [2][19]. Company Background - Osisko Metals is focused on the Gaspé Copper project, which hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [29][30].

Report Summary 1. Industry Investment Rating - Not provided in the report. 2. Core Viewpoints - The downstream terminals are hesitant about the negative demand feedback in August caused by US tariffs and believe the current price has mostly priced in previous expectations. The lower support for copper prices has been raised from 77,000 yuan per ton to 78,000 yuan per ton [3]. - The impact of the mine accident at Chile's El Teniente copper mine may exceed expectations, and Coldeco needs to allocate more resources to address copper supply issues. The increase in the US dollar index on Monday evening slightly suppressed the valuation of the non - ferrous metals sector [3]. 3. Summary by Relevant Catalogs Copper Price and Volatility - The latest copper price is 79,020 yuan, with a monthly price range forecast of 73,000 - 80,000 yuan. The current volatility is 11.64%, and the historical percentile of the current volatility is 22.6% [2]. Copper Risk Management Suggestions - **Inventory Management**: For high finished - product inventory and fear of price decline, sell 75% of the Shanghai copper main futures contract at around 82,000 yuan and sell 25% of the CU2510C82000 call option when the volatility is relatively stable [2]. - **Raw Material Management**: For low raw material inventory and fear of price increase, buy 75% of the Shanghai copper main futures contract at around 77,000 yuan [2]. Factors Affecting Copper Prices - **Likely Positive Factors**: Agreement on tariff policies between the US and other countries; decline of the US dollar index due to employment data; obvious lower support [4]. - **Likely Negative Factors**: Repeated tariff policies; reduced global demand due to tariff policies; extremely high COMEX inventory caused by US copper tariff policy adjustments [4][5]. Copper Futures and Spot Data - **Futures Data**: The latest price of Shanghai copper main is 79,020 yuan/ton (0% daily change), Shanghai copper continuous one is 79,020 yuan/ton (0.68% daily increase), Shanghai copper continuous three is 79,030 yuan/ton (0% daily change), LME copper 3M is 9,726.5 US dollars/ton (- 0.42% daily change), and the Shanghai - London ratio is 8.15 (0% daily change) [4]. - **Spot Data**: The latest prices of Shanghai Non - ferrous 1 copper, Shanghai Wumaohui, Guangdong Nanchu, and Yangtze Non - ferrous are 79,150 yuan/ton (0.79% daily increase), 79,130 yuan/ton (0.8% daily increase), 78,950 yuan/ton (0.73% daily increase), and 79,190 yuan/ton (0.7% daily increase) respectively [6]. Copper Scrap Price Difference - The current含税 refined - scrap price difference is 1,074.89 yuan/ton (37.1% daily increase), and the reasonable含税 refined - scrap price difference is 1,491.6 yuan/ton (0.41% daily increase) [8]. Copper Warehouse Receipts and Inventory - **SHFE Copper Warehouse Receipts**: The total Shanghai copper warehouse receipts are 23,275 tons (9.42% daily increase), and the total international copper warehouse receipts are 1,553 tons (0% daily change) [12]. - **LME Copper Inventory**: The total LME copper inventory is 155,700 tons (- 0.1% daily change), and the registered warehouse receipts are 143,725 tons (- 0.73% daily change) [14]. - **COMEX Copper Inventory**: The total COMEX copper inventory is 265,196 tons (1.54% weekly increase), and the registered warehouse receipts are 121,933 tons (- 1.91% weekly change) [15]. Copper Import Profit and Processing - The copper import profit and loss is - 100.28 yuan/ton (- 59.08% daily change), and the copper concentrate TC is - 38 US dollars/ton (0% daily change) [16].

Financial Data and Key Metrics Changes - Barrick reported adjusted earnings per share of $0.47, more than doubling compared to the previous year and marking the highest level since 2013 [5][10] - The company finished the quarter in a net cash position, allowing for share buybacks and a total dividend of $0.15 per share, which includes a $0.05 performance top-up [6][10] - Net cash provided by operating activities was €1,330,000,000, up 35% from the previous quarter, excluding interest and income taxes [10] Business Line Data and Key Metrics Changes - Gold production improved across the portfolio, with significant contributions from Nevada Gold Mines, Pueblo Viejo, Kibali, and Lomana [7][14] - In copper, production volumes increased, and unit costs decreased, reflecting a clear year-on-year and quarter-on-quarter improvement [8][10] - The sale of the Donlin Gold Project for $1,000,000,000 was completed, further sharpening the growth pipeline [9] Market Data and Key Metrics Changes - The company continues to leverage high gold prices, with production tracking guidance and expectations for a stronger second half of the year [5][10] - The performance in Latin America and Asia Pacific was solid, with improvements noted at Pueblo Viejo and Valadero [22][23] Company Strategy and Development Direction - Barrick is focused on disciplined capital allocation and building long-term profitability through Tier one assets and new projects [11][38] - The company aims to grow production by 30% organically by 2029, emphasizing the importance of long-life assets and strong partnerships [38][39] - The strategic focus includes optimizing the life of mines to ensure long-term delivery rather than maximizing net present value [89] Management's Comments on Operating Environment and Future Outlook - Management highlighted the uncertain global environment but reinforced the value of a diversified portfolio and effective operations [4][10] - The second half of the year is expected to deliver higher volumes and lower costs, aligning with full-year guidance [37][38] - Management remains optimistic about the potential of the Fourmile asset, which is emerging as a significant discovery [15][21] Other Important Information - Health and safety remain a core priority, with a 50% decrease in lost time injuries year-to-date compared to the previous year [12] - The company is actively managing the situation in Mali and is committed to finding a constructive path forward [32] Q&A Session Summary Question: Timeline for arbitration process regarding Lulu and Kotto - Management believes a resolution can be found and has engaged in various mediation efforts, with the tribunal already constituted [40][41] Question: Fit of Hemlo, Tongon, and Zaldivar in the portfolio - Management is focused on rationalizing the portfolio to align with their disciplined approach to Tier one long-life assets [44][45] Question: Updates on Fourmile's scope and timeline - Management aims to have a scoping position for Fourmile by the end of the year, with plans for prefeasibility or feasibility studies thereafter [46][47] Question: Situation regarding the book value of Lulu Gonkoto - The asset was deconsolidated due to loss of control, leading to a write-off, but the company still expects benefits from its investment [54][55] Question: Update on Jabal Saeed project in Saudi Arabia - The project is a small high-grade copper mine with a ten-year life, and Barrick is expanding its partnership with Ma'aden for further exploration [58][60] Question: Electricity situation in Zambia for Lumwana - Management has worked with state utilities to improve power availability and is investing in technology to unlock lost power in the grid [63][64]