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Ero Copper to Release Third Quarter 2025 Operating and Financial Results on November 4, 2025
Globenewswire· 2025-10-07 21:05
Core Points - Ero Copper Corp. will release its third quarter 2025 operating and financial results on November 4, 2025, after market close [1] - A conference call to discuss the results is scheduled for November 5, 2025, at 11:30 am Eastern Time [2] - The company is a high-margin, high-growth copper and gold producer with operations primarily in Brazil [4] Company Overview - Ero Copper holds a 99.6% interest in Mineração Caraíba S.A., which operates the Caraíba Operations in Bahia State, Brazil, and the Tucumã Operation in Pará State, Brazil [4] - The company also owns 97.6% of NX Gold S.A., which operates the Xavantina Operations in Mato Grosso State, Brazil [4] - In July 2024, Ero Copper signed an earn-in agreement with Vale Base Metals to acquire a 60% interest in the Furnas Copper-Gold Project in Pará State, Brazil [4]
Canada One Acquires 4,836 ha Copper-Gold Property Adjacent to Copper Mountain Mine
Newsfile· 2025-10-07 13:17
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2025) - Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) ("Canada One" or the "Company") announces it has agreed to acquire a 4,836-hectare copper-gold property contiguous to the northwest of Hudbay Minerals' Copper Mountain Mine, to be known as "Copper Dome North" (the "Property").Under the property purchase agreement, dated October 6, 2025, (the "Agreement"), the Company will acquire a 100% interest in the Property, from an arm's ...
NorthWest Announces First Drill Results from 2025 Program and Highlights 44 Metres of 2.81 G/T Gold and 0.66% Copper
Globenewswire· 2025-10-06 11:45
Core Insights - NorthWest Copper has announced positive assay results from the first hole of its 2025 Kwanika diamond drilling program, indicating higher-grade mineralization over significant widths, aligning with the company's target model [1][2][4] Group 1: Drilling Program Highlights - The 2025 Kwanika drill program includes a planned total of 5,135 meters across 17 drill holes [2] - The first drill hole, K-25-269, intersected a combined true width of 32.1 meters within the Central Zone, confirming the quality of the mineralization [2][10] - Significant grades reported include 44.0 meters of 0.66% Cu and 2.81 g/t Au from 198.0 meters downhole, with additional notable intervals [5][11] Group 2: Economic Implications - The results from the drilling program are expected to enhance the Kwanika project economics compared to those presented in the 2023 Preliminary Economic Assessment (PEA) [2] - The company is optimistic about the potential for economic extraction using a more selective bulk underground mining method [2][4] Group 3: Geological Insights - The Kwanika Deposit is divided into three zones: Central, Western, and Pit Zones, each characterized by distinct geological features and mineralization patterns [5][6] - The Central Zone is noted for its two north-south trending zones, while the Western Zone is deeper and characterized by in-situ quartz stockwork [6][10] Group 4: Future Exploration Plans - The current drilling program aims to test nearby targets to explore for new discoveries, enhancing the understanding of higher-grade zones [8][13] - Historical drilling has posed challenges in accurately modeling the location and widths of mineralized structures, which the current program aims to address [8][10]
WESTERN COPPER AND GOLD ANNOUNCES SUBMISSION OF ESE STATEMENT
Prnewswire· 2025-10-06 11:30
Core Viewpoint - Western Copper and Gold Corporation has submitted its Environmental and Socio-economic Effects Statement for the Casino Project, marking a significant step in the permitting process and demonstrating the project's potential for responsible development and economic benefits for the Yukon region [1][2][4]. Project Overview - The Casino Project aims to assess potential environmental and socio-economic effects, with comprehensive management measures in place to mitigate any significant impacts [3][6]. - The project is expected to contribute over C$44 billion to Canada's GDP over its 27-year mine life, with C$37 billion specifically for the Yukon [8]. Economic Impact - The Casino Project is projected to create approximately 700 direct jobs and an additional 2,000 jobs in related sectors, generating over C$12 billion in wages and salaries [8]. - It is anticipated to generate C$175 million annually in tax revenue for the Government of Yukon and C$231 million for the Government of Canada [8]. Critical Minerals Production - Casino is positioned to become one of North America's largest producers of copper and molybdenum, significantly increasing domestic production by 15% for copper and 500% for molybdenum [9]. - The project will rank as Canada's second-largest copper producer and the largest molybdenum producer [9]. Next Steps in Assessment - Following a review period, the Yukon Environmental and Socio-economic Assessment Board (YESAB) will publish the ESE Statement and conduct a sufficiency check to ensure compliance with guidelines [7]. - A comprehensive assessment of the project will be conducted by a panel established by YESAB [7].
What Freeport's Mud Rush Disaster Means For Its Stock
Yahoo Finance· 2025-09-25 17:44
Core Viewpoint - Freeport-McMoRan Inc. is experiencing significant financial challenges due to a fatal mud rush at its Grasberg Block Cave mine in Indonesia, leading to production deferrals and a downgrade in stock performance expectations [1][2]. Group 1: Incident Impact - The mud rush incident on September 8 resulted in two fatalities and five missing workers, causing extensive damage to equipment and infrastructure at the Grasberg Block Cave, which is crucial for the company's copper and gold output [1][2]. - Analysts predict negligible production from the affected mine in Q4 2025, with 2026 output expected to be approximately 35% below previous guidance [3]. Group 2: Financial Forecasts - Scotiabank has downgraded Freeport-McMoRan's earnings forecasts, projecting adjusted EPS of $1.29 in 2025 (down from $1.68) and $1.16 in 2026 (down from $1.65), with a recovery to $1.49 in 2027 [4]. - Revenue projections are set at $24.98 billion in 2025, $26.02 billion in 2026, and $29.01 billion in 2027, indicating an overall increase despite the incident [4]. Group 3: Valuation Adjustments - The bank revised its valuation to reflect a blend of 9.0 times projected 2026-27 EV/EBITDA and 2.0 times the updated 8% NAVPS estimate, resulting in a lowered net asset value estimate of $19.15 per share [2][5]. - EBITDA estimates for 2025-26 have been cut by an average of 27% to $8.4 billion and $9.0 billion, respectively, with expectations of weaker free cash flow over the same period [5].
NGEx Minerals (OTCPK:NGXX.F) 2025 Earnings Call Presentation
2025-09-25 13:00
Lunahuasi Project Overview - Lunahuasi is a new major high-grade discovery in the Vicuña District, strategically positioned near other major deposits like Los Helados and Filo del Sol[19] - The project exhibits four distinct styles of mineralization, including high-sulphidation Cu-Au, intermediate-sulphidation Au, and porphyry Cu-Au, all unusually high-grade[40, 47] - Key drill results include Hole 2 with 60m at 752% CuEq, Hole 28 with 511m at 1384% CuEq, and Hole 32 with 274m at 2519% CuEq, demonstrating significant grade and scale[69] Exploration and Drilling - As of September 2025, NGEx Minerals has drilled 43250m in 50 holes at Lunahuasi, with all holes in the deposit area showing significant drill intersections[82] - The company is planning a Phase 4 drill program involving 25000m of drilling using 8 rigs, focusing on resource definition, step-out drilling, and exploration[81, 161] - Predictive discovery based on a well-understood geological model has been successful, leading to the discovery of multiple high-grade zones and bonanza-grade gold[109] Royalty Spin-Out - NGEx Minerals is creating a royalty spin-out, LunR Royalties Corp, which will hold a 1% NSR royalty on Lunahuasi and a 2% NSR royalty on Los Helados[182, 183] - NGEx will retain a 199% interest in LunR Royalties Corp, providing long-term exposure to Lunahuasi and Los Helados, as well as potential future financing for development[188, 189, 190] Long Term Vision - The long-term vision includes developing a comprehensive plan to explore, finance, and eventually build a new high-grade copper-gold-silver mine at Lunahuasi[204]
Freeport Mcmoran shares nosedive 15% after fatal incident at Indonesian mine
Invezz· 2025-09-24 17:11
Core Viewpoint - Freeport-McMoRan's shares experienced a significant decline following the announcement of production setbacks due to a fatal accident at its Grasberg operations in Indonesia [1] Group 1: Company Impact - The company disclosed that the production issues are directly linked to the recent fatal accident, which has raised concerns about operational safety and efficiency [1] - The sharp decline in share price reflects investor reaction to the potential long-term impacts on production and profitability stemming from these setbacks [1] Group 2: Industry Context - The incident at Grasberg highlights ongoing challenges in the mining industry, particularly regarding safety protocols and operational risks in high-stakes environments [1] - The copper and gold mining sectors may face increased scrutiny and regulatory pressures as a result of such accidents, potentially affecting overall industry performance [1]
Freeport-McMoRan Confronts Hard Questions After Fatal Mud Rush In Indonesia
Yahoo Finance· 2025-09-24 15:14
Core Viewpoint - Freeport-McMoRan Inc. is facing significant operational disruptions due to a mud rush incident at its Grasberg Block Cave mine in Indonesia, which has resulted in fatalities and missing workers, leading to a reassessment of production outlook and financial implications [1][3][4]. Incident Overview - A mud rush on September 8 at the Grasberg mine resulted in the death of two workers, with five still unaccounted for. Search and recovery efforts are ongoing under the supervision of Indonesian authorities [1][2]. - Approximately 800,000 metric tons of wet material caused damage to the mine's infrastructure, halting development work and suspending operations in the Grasberg district [3]. Production Outlook - The mine is crucial for Freeport's copper and gold production, with third-quarter sales expected to decline by about 4% for copper and 6% for gold compared to previous guidance [4]. - Preliminary assessments indicate that 2026 production could be 35% lower than earlier estimates, with a phased restart anticipated in mid-2025 and full output not expected until 2027 [4]. Financial Implications - Freeport has declared force majeure with customers and is pursuing claims under property and business interruption insurance policies, which could cover up to $1 billion, with a cap of $700 million for underground incidents after a $500 million deductible [5]. Market Reaction - Following the incident update, Freeport's shares fell by 9.70%, reflecting investor concerns over lost output and the extended timeline for recovery [6][7].
US stocks slip again as Wall Street’s rally loses steam
Yahoo Finance· 2025-09-24 03:36
Company Performance - Micron Technology's stock fell 2.8% despite reporting better-than-expected profit and revenue, indicating high market expectations as the stock had already gained 97.7% year-to-date [3] - Freeport-McMoRan's stock dropped 17% after the company revised its copper sales forecast down by 4% and gold sales by approximately 6% for the third quarter [4] - Lithium Americas' stock surged 95.8% following reports of potential U.S. government ownership stake in the company, which is developing a lithium project in Nevada with General Motors [4][5] Industry Trends - U.S. stock indexes experienced a slight decline after a significant rally, raising concerns about stock prices becoming too high if the Federal Reserve does not meet rate cut expectations [2] - Homebuilders saw gains as U.S. new home sales in August exceeded economists' forecasts, with Lennar rising 2% and PulteGroup and D.R. Horton both increasing by 0.7% [6]
Canada One Provides Review of Exploration at Haul Road Zone, Copper Dome Project
Newsfile· 2025-09-23 09:00
Core Insights - Canada One Mining Corp. is advancing exploration at the Haul Road Zone of its Copper Dome Project, focusing on high-confidence areas to enhance the geological model while ensuring disciplined capital allocation [3][4][22] Haul Road Zone Highlights - The Haul Road Zone is strategically located near the Copper Mountain Mine, along a productive intrusive-volcanic contact, with five historical mineral occurrences identified [4][5] - Recent sampling at the Reco Prospect confirmed significant mineralization, with rock samples showing high-grade gold and consistent copper values, indicating strong potential for copper-gold systems [6][7][11] Mineral Occurrences - **Reco Prospect**: Features a sulphidic calcite vein with significant copper and gold assays, including a chip sample of 0.89% Cu and 4.8 g/t Au [8][9] - **St. Louis Prospect**: Hosts a pyrite-pyrrhotite zone extending 600 m east from the Reco Prospect, with mineralization showing >1% sulphides [12][13] - **Johnston Showing**: Recent rock samples returned assays of 2.7% Cu and 0.33 g/t Au, indicating strong mineralization [14][17] - **Enterprise Showing**: Contains mineralization within a volcanic embayment, with a 10-m chip sample analyzing 0.11% Cu [16] - **Elk No.1 Showing**: Features discontinuous K-feldspar veinlets with mineralization of malachite and bornite [18] Project Overview - The Copper Dome Project is located in a prolific mining district, adjacent to Hudbay Minerals' Copper Mountain Mine, which has Proven and Probable Reserves of 702 million tonnes grading 0.24% Cu, 0.09 g/t Au, and 0.72 g/t Ag [21] - The project benefits from excellent infrastructure, allowing for cost-efficient exploration and year-round access [22][23]