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Barrick Mining (B) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2026-02-05 15:31
Core Insights - Barrick Mining reported $6 billion in revenue for Q4 2025, a 64.5% year-over-year increase, with an EPS of $1.04 compared to $0.46 a year ago, exceeding revenue estimates by 17.66% and EPS estimates by 22.93% [1] Financial Performance - The revenue surprise of 17.66% over the Zacks Consensus Estimate of $5.1 billion indicates strong performance [1] - The EPS surprise of 22.93% over the consensus estimate of $0.85 reflects better-than-expected earnings [1] Key Metrics - Total cash costs per ounce of gold were reported at $1,205.00, higher than the estimated $1,185.27 [4] - Gold production was 871.00 Koz, slightly below the estimated 876.50 Koz [4] - All-in sustaining costs (AISC) for gold were $1,581.00, exceeding the average estimate of $1,554.55 [4] - Copper's all-in sustaining costs were reported at $3.61, above the estimated $2.87, while C1 cash costs for copper were $2.45, higher than the estimated $1.92 [4] Stock Performance - Barrick Mining shares returned +0.2% over the past month, compared to a +0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
ArcelorMittal Signs Long-Term Liberia Pact, Commits $3.5B Investment
ZACKS· 2026-02-05 15:25
Core Insights - ArcelorMittal S.A. has formalized a long-term amendment to its Mineral Development Agreement with the Government of Liberia, extending its iron ore mining rights through 2050 with an option for an additional 25 years [1][7] Investment and Expansion Plans - The revised agreement, approved by Liberia's legislature, supports ArcelorMittal's $1.8 billion expansion plan, which will increase its total investment in Liberia to approximately $3.5 billion [2] - The expansion aims to boost iron ore shipments from about 5 million tons per annum (mtpa) to 20 mtpa by 2026, with potential growth up to 30 mtpa depending on further infrastructure upgrades [2] Infrastructure and Logistics Enhancements - The deal includes significant logistics improvements, such as upgrades to the Tokadeh–Buchanan rail corridor and port facilities to accommodate higher export volumes, while ensuring reserved rail access for ore transportation [3] Financial Implications - ArcelorMittal will make a $200 million payment to the Liberian government for the extension of mining rights and reserved railroad access, which is expected to enhance government revenues through increased royalties and taxes [4] Market Performance - Shares of ArcelorMittal have increased by 97.6% over the past year, outperforming the industry growth of 54.3% [6]
Glencore and Rio abandon merger talks
Reuters· 2026-02-05 15:23
Rio Tinto said on Thursday that it was no longer in talks with Glencore about a takeover that would have created the world's largest mining company, saying it could not reach an agreement that would d... ...
NextSource Materials signs LOI with Japanese battery materials producer for EV anodes
Proactiveinvestors NA· 2026-02-05 14:22
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 news journalists who produce independent content across various financial markets [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 by the team includes insights into 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 published content is edited and authored by humans [5]
Gunnison Copper announces planned distribution of Greenstone-owned shares
Proactiveinvestors NA· 2026-02-05 14:09
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, ...
Luca Mining Gains Visibility With Its Ramp-Up Projects Amid Bullish Precious Metals
Seeking Alpha· 2026-02-05 14:01
Shares of Luca Mining Corp., traded on the US OTCQX, are benefiting from market optimism, which is driving share price gains. This is correct posture in our opinion. We believe this willAlberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whe ...
Angkor Resources Celebrates Indigenous Community Land Titles and Advances Social Programs, Cambodia
Thenewswire· 2026-02-05 14:00
Core Viewpoint - Angkor Resources Corp. has successfully facilitated the formal granting of nine Indigenous community land titles in Ratanakiri Province, Cambodia, marking a significant milestone in recognizing Indigenous rights and reinforcing the company's commitment to collaborative engagement with local communities [1][2][4]. Indigenous Land Titles - The recognition of the nine community land titles follows a three-year process and is crucial for the Indigenous peoples of Ratanakiri, where approximately 45% of Cambodia's Indigenous population resides [1][2]. - Angkor's Andong Meas mineral exploration license is located within the traditional lands of these Indigenous communities, emphasizing the company's commitment to working collaboratively with them [2][4]. Social Programs and Community Engagement - Angkor is advancing various social programs aimed at improving safety, health, and education outcomes for families in Cambodia, in addition to supporting Indigenous land rights [6][11]. - Current social initiatives include: - English language training for children to enhance future education and employment opportunities [9]. - Installation of water filtration systems and latrines to improve access to clean water and sanitation [9]. - Moto vehicle safety training to reduce motorcycle-related injuries and fatalities [9]. - Financial fraud awareness training to educate community members on identifying and avoiding scams [9][10]. Company Overview - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia [11]. - The company holds two mineral exploration licenses with prospects in copper and gold, currently in their first two-year renewal term [12]. - Angkor's energy subsidiary, EnerCam Resources, has been granted an onshore oil and gas license covering 4,095 square kilometers in Block VIII, with plans to advance oil and gas exploration activities [13].
Rio Silver Highlights Underexplored Silver-Gold Potential at Maria Norte Within a Proven Peruvian Mining District
Globenewswire· 2026-02-05 12:30
Core Viewpoint - Rio Silver Inc. is providing geological and operational context for its Maria Norte Project, highlighting its location within a mineralized corridor adjacent to the Tangana Mining Unit operated by Silver X Mining Corp [1][2]. District Context and Structural Setting - The Maria Norte Project contains multiple mapped mineralized structures, including the Castor, Maria, Pamela, and Jess Veins, along with approximately 500 meters of the Las Animas vein set, which is also present in SilverX's West Tangana area [3]. - Mineralized exposures at Maria Norte extend up to approximately 1,000 meters, showing elevated silver and gold values, with lesser lead and zinc, indicating a silver-dominant vein system [4]. Historical Context - The Tangana area historically operated as a lead-zinc mining camp from 1960 to 1975, extracting approximately 234,098 tonnes from four principal vein sets over a horizontal extent of about 2.5 kilometers and a vertical range of approximately 960 meters [4]. - Evidence of a historic tunnel or adit of approximately 400 meters at Maria Norte is supported by a reclaimed waste dump, with a sample returning 12.7 ounces per tonne silver and 2.194 g/t gold [5]. Economic Study Disclosure - Rio Silver controls a portion of the Tangana West vein system but has not completed any economic study on this portion. Silver X Mining Corp. has completed a NI 43-101-compliant Preliminary Economic Assessment for its Tangana Mining Unit, referenced for geological context [6][10]. Exploration and Development Opportunity - Maria Norte has been held for approximately 18 years with limited exploration activity, primarily surface mapping and selective sampling. The Company plans to advance systematic surface mapping and sampling during the Q3 2026 dry season [9]. - The project offers exposure to a silver-dominant mineralized system within an established mining district, with potential for meaningful upside as Rio Silver advances exploration and development [12]. Management Commentary - The CEO of Rio Silver emphasized the compelling geological framework of Maria Norte and the potential for high-impact development targets, noting that previously overlooked material may warrant a different assessment in the current price environment [11]. Moving Ahead - The Company's near-term focus includes finalizing community access agreements, completing access and portal preparation, securing necessary permits, initiating adit development, and advancing metallurgical and technical studies [16].
X @Bloomberg
Bloomberg· 2026-02-05 12:28
Brazil’s only producing rare earth miner has given the US an option to acquire a stake in the company as part of a financing deal https://t.co/3mj7XcUUAL ...
X @Bloomberg
Bloomberg· 2026-02-05 12:00
China's industrial ecosystem to mine and process rare earths has secured the country's dominance in the market. Is there any prospect of the US entering the arena in a way that's actually competitive?@heidirediker tells @thestalwart and @tracyalloway yes. She joins the Odd Lots podcast to discuss the resources we have right now, and the technologies and policies that could help the US catch up https://t.co/qoGXjc1GMM ...