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Taseko Announces Start of Wellfield Operations at Florence Copper and Third Quarter Gibraltar Operational Results
Globenewswire· 2025-10-15 11:00
Core Viewpoint - Taseko Mines Limited has made significant progress at its Florence Copper project, with the commencement of wellfield operations marking the start of commercial production, while also reporting strong operational results from its Gibraltar Mine in the third quarter of 2025 [1][2][4]. Florence Copper Project - Final regulatory approvals have been received, and wellfield operations are now starting, indicating the beginning of the commercial production facility [2]. - The SX/EW plant area has achieved substantial completion, with commissioning scheduled to run alongside wellfield operations, and first copper cathode production expected in approximately three months [3]. Gibraltar Mine Operations - In the third quarter, Gibraltar Mine produced 27.6 million pounds of copper, including 900 thousand pounds of copper cathode, and 560 thousand pounds of molybdenum, reflecting increases of 39% and 211% respectively compared to the previous quarter [4]. - Mill throughput reached the design capacity of 85,300 tons per day, with copper recoveries averaging 77% for the third quarter and 83% for September [4]. - Copper head grades were reported at 0.22%, showing improvement over the previous two quarters, although still behind plan [4]. Future Outlook - Mining at Gibraltar is advancing deeper into the Connector pit, with expectations of further production increases in the fourth quarter, although the production shortfall from recent months will not be fully recovered [5]. - Annual copper production for 2025 is projected to be between 100 to 105 million pounds [5]. - With rising copper prices and a focus on critical mineral supply security, the timing is favorable for Taseko to introduce a new source of refined copper in the U.S. [5].
Camino to Commence Drilling at its Los Chapitos Copper Project in Peru; Peru's Ministry of Energy and Mines Names Los Chapitos Among Top 15 Priority Exploration Projects
Accessnewswire· 2025-10-15 10:00
Core Insights - Camino Minerals Corporation is set to commence a drilling campaign at its Los Chapitos copper project in Peru, which has been identified as one of the top 15 priority exploration projects by Peru's Ministry of Energy and Mines [1][12]. Company Update - The drilling campaign will focus on discovering new copper-silver deposits in undrilled targets such as Mirador, Piloto, Maqui, and Sombrero Blanco, as well as extending known mineralization in previously drilled zones like Adriana, Lourdes, and Katty (Enjambre) [1][4]. - The project is a collaboration with Nittetsu Mining Co., Ltd., which is earning a 35% interest through a total investment of CDN$10 million [3]. - Recent trenching results have shown significant copper and silver values across various targets, with notable intersections such as 129m at 0.98% Cu and 20.59 ppm Ag at Mirador [4]. Drilling Campaign Details - The drilling program is scheduled to begin in the first week of November 2025, starting with approximately 9 drill holes totaling 1,200 meters, with plans to expand to over 3,000 meters following a subsequent investment tranche from Nittetsu [7][10]. - The drilling targets are located along the Diva and La Estancia trends, where previous exploration has indicated high-grade copper potential [8][9]. Strategic Importance - Los Chapitos has been recognized by the Peruvian government as part of the national "Perú Explora" initiative aimed at advancing strategic mineral exploration [5][12]. - The project benefits from strategic location advantages, including road access and proximity to the Pacific coast, which are crucial for future development [10]. Future Plans - Camino is also advancing its construction-ready Puquios copper project in Chile, indicating a broader strategy to develop multiple copper assets [3][14].
Capstone Copper strikes deal to sell 25% stake in Chilean projects for $360m
Yahoo Finance· 2025-10-15 09:45
Core Viewpoint - Capstone Copper has entered into an agreement with Orion Resource Partners for a 25% ownership stake in the Santo Domingo and Sierra Norte projects in Chile, with a total cash consideration of approximately $360 million [1][2]. Group 1: Financial Details - Orion will pay $225 million upon a positive final investment decision (FID) at Santo Domingo, with an additional $75 million to follow within six months [1]. - Contingent payments of up to $60 million will be linked to specific project milestones [2]. - Orion will also invest $10 million in new Capstone shares at a 5% premium over the recent volume-weighted average price, providing immediate financial backing for exploration activities [2]. Group 2: Project Significance - The Santo Domingo project is viewed as a key element for Capstone's transformational growth in the Atacama region of Chile [3]. - The project is characterized by industry-competitive capital intensity and first quartile cash costs, essential for maintaining growth in the critical minerals sector [4]. - The agreement reduces Capstone's equity investment in Santo Domingo to approximately $400 million (C$561.7 million) based on proportional contributions and project financing [5]. Group 3: Strategic Relationships - Orion has been a substantial equity holder in Capstone and has shown strong support for the management team, indicating a long-standing relationship [5]. - Capstone retains a buy-back option to regain full ownership of Santo Domingo after achieving commercial production, ensuring Orion receives a specified return [6]. - Orion's chief investment officer expressed confidence in Capstone's ability to build and operate Santo Domingo as a high-quality copper operation, crucial for the clean energy transition [7].
Japan’s Sapporo Nears $2.7 Billion Real Estate Sale to KKR-PAG Group Amidst Australian Critical Minerals Surge
Stock Market News· 2025-10-14 23:08
Group 1: Sapporo Holdings - Sapporo Holdings is nearing a definitive agreement to sell its real estate business, including the Yebisu Garden Place complex, to a consortium led by KKR and PAG for approximately ¥400 billion ($2.7 billion) [2][3][9] - This strategic divestment is driven by investor pressure for enhanced capital efficiency and a focus on the core beverage business [3][9] Group 2: Australian Critical Minerals - Australian critical minerals stocks are experiencing a significant surge, particularly in copper production, due to strong global demand and supply constraints [4][9] - Recent supply disruptions, such as incidents at the Grasberg mine in Indonesia and El Teniente mine in Chile, have tightened global copper supply, benefiting Australian producers [5][9] Group 3: Rio Tinto - Rio Tinto reported a 54% year-on-year increase in copper output from its Oyu Tolgoi mine in Mongolia during the first half of 2025, contributing to a 69% rise in group copper earnings to $3.1 billion [6][9] - The overall copper production for Rio Tinto increased by 16% to 438,000 tonnes during the same period [6][9] Group 4: ASX Market Dynamics - The gains in the mining sector have contributed to a 0.3% increase in the broader ASX 200 index [7][9] - The ASX is preparing for increased competition in the market, particularly from players like Cboe [7][9]
Global Financial Markets Abuzz: Russian Assets, Copper Surge, and U.S. Political Gridlock
Stock Market News· 2025-10-14 22:38
Geopolitical and Financial Developments - G7 nations, including the UK and Canada, are advancing plans to utilize nearly $300 billion in frozen Russian central-bank assets to provide significant financial support to Ukraine, with discussions focused on a €140 billion loan [2][3] U.S. Health Department Controversy - The U.S. Department of Health and Human Services (HHS) mistakenly fired 778 employees during a reduction-in-force initiative, which was part of a broader effort to cut the federal workforce [4][5] Critical Minerals Market - Critical minerals stocks, particularly copper producers like Rio Tinto, are experiencing a surge due to tightening global supply and robust demand, with Rio Tinto reporting a 15% year-on-year increase in Q2 copper production to 229,000 tonnes [6][7] - Rio Tinto's Oyu Tolgoi mine in Mongolia has seen a 54% year-on-year increase in copper output in the first half of 2025, contributing to overall production growth [6][7][8] Legislative Developments - The Senate GOP is attempting to advance a three-bill "minibus" package to fund government operations during an ongoing government shutdown, which includes key appropriations bills [9][10]
Paradigm Gold Extends Closing of Non-Brokered Private Placement
Newsfile· 2025-10-14 22:07
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - Paradigm Gold Corporation (TSXV: PDQ) ("Paradigm" or the "Company") has extended the closing of its previously announced non-brokered private placement for a period of 30 days. The Company plans to issue up to 9,000,000 units for total gross proceeds of $1,050,000.The Company will issue up to 6,000,000 flow-through units ("FT Units") at a price of $0.125 per FT Unit to raise $750,000, and issue up to 3,000,000 non-flow-through units ("NFT U ...
Royal Gold (RGLD) Secures Shareholder Approval for Sandstorm and Horizon Acquisitions
Yahoo Finance· 2025-10-14 17:06
Core Insights - Royal Gold, Inc. has received shareholder approval for its acquisitions of Sandstorm Gold Ltd. and Horizon Copper Corp. [1][3] - The acquisitions are expected to close on October 20, pending the satisfaction or waiver of all closing conditions [3]. Group 1: Company Overview - Royal Gold, Inc. is recognized as a leading precious metals streaming and royalty company with a diversified portfolio in attractive mines [4]. - Sandstorm Gold Ltd. is focused on precious metals royalties, while Horizon Copper Corp. holds a strong portfolio of copper assets [3]. Group 2: Acquisition Details - The special meeting of Royal Gold's stockholders resulted in the approval for the issuance of common stock to facilitate the acquisition of Sandstorm Gold Ltd. [1][3]. - Security holders of both Sandstorm Gold and Horizon Copper have agreed to their respective acquisitions by Royal Gold [2].
Freedom Capital Raises Barrick Mining (B) PT, Keeps Buy Rating
Yahoo Finance· 2025-10-14 17:06
Core Viewpoint - Barrick Mining Corporation is transitioning from a pure gold producer to a leader in precious metals and copper, supported by a significant growth pipeline and strategic projects [1][3]. Group 1: Price Target and Ratings - Freedom Capital Markets raised the price target for Barrick Mining Corporation from $20.50 to $42.00 while maintaining a Buy rating [1]. - The firm highlighted a $12 billion growth pipeline that could enable a 30% increase in production by 2030 [1]. Group 2: Upcoming Developments - Important upcoming developments include the Fourmile project approval expected in Q1 2026, which will initiate underground construction [2]. - The Reko Diq and Lumwana expansion projects are planned to start production in 2028, creating a synchronized growth inflection that will enhance production levels and cash flow [3]. Group 3: Company Overview - Barrick Mining Corporation is recognized as a leading mining, exploration, and development company with a strong portfolio of gold and copper assets [3].
Global copper output to grow modestly in 2025, amid supply challenges in Australia and Indonesia
Yahoo Finance· 2025-10-14 12:55
Global Copper Mine Output - Global copper mine output is projected to grow by 2.1% in 2025 to 23.4 million tonnes, up from 22.9 million tonnes in 2024, primarily due to output declines in Australia and Indonesia [1] Regional Contributions to Growth - Zambia is expected to deliver the largest contribution to growth in 2025, with output projected to rise by 19.2% to 937.5 kilotonnes, driven by the turnaround of ZCCM Investment Holdings' Mopani mine [2] - In Mongolia, the ramp-up of the Oyu Tolgoi underground mine will underpin growth and provide significant medium-term contributions [3] - Peru's output is expected to increase to 360-400 kilotonnes in 2025, up from 322.9 kilotonnes in 2024, due to higher output from China Minmetals' Las Bambas complex and the commissioning of the Chalcobamba pit [3] - The DRC's output will rise with capacity expansions at CMOC's Tenke Fungurume and Kisanfu projects, along with progress in the Heshima Hydropower Project [4] - Chile, holding a 23% share of global copper output in 2024, will see a modest 2% increase in output in 2025 as key operations recover [4] Production Challenges - Canada will benefit from improved grades at Teck Resources' Highland Valley Copper mine, but growth will be partially offset by planned lower production in Indonesia and Australia, where combined output is expected to fall from 1.8 million tonnes in 2024 to 1.5 million tonnes in 2025 [5] - In Indonesia, output at PT Freeport Indonesia's Grasberg Block Cave mine is set to decline due to lower ore grades and reduced operating rates, with production disrupted in September 2025 [6]
Copper Quest Amends RIP Cu-Mo Option Agreement and Provides Project Update
Globenewswire· 2025-10-14 12:00
Core Insights - Copper Quest Exploration Inc. has signed an Amended Option Agreement with ArcWest Exploration Inc. for the RIP Copper Project in British Columbia, extending the drilling requirement to December 31, 2026 [1][15] - The 2024 Phase One drilling program has confirmed the presence of a Cu-Mo mineralized porphyry system at the RIP Project, with significant mineralized intersections reported [3][4] Project Overview - The RIP Project is located approximately 33 km northeast of Imperial Metals' Huckleberry mine and is part of the Bulkley Porphyry Belt [1] - The project area has been expanded from 2,308.81 hectares to 4,770.65 hectares through the acquisition of five additional claims [4] Drilling Results - The Phase One drill program revealed extensive Cu-Mo mineralization, with highlights including: - 0.102% CuEq over 126.6 m in drill hole RP24-001 [4][7] - 0.113% CuEq over 114.3 m in drill hole RP24-002 [4][7] - The northern target has been defined as a 600m wide mineralized zone, while the southern target remains untested [3][4] Technical Details - The project is characterized by multiple phases of porphyritic intrusions and associated vein stockwork, indicating a significant porphyry system [5][10] - An airborne magnetic survey in 2024 identified two separate porphyry centers within the project area, enhancing the exploration potential [6] Future Plans - The company plans a minimum 2,000-meter Phase 2 drill program to fulfill the terms of the Option Agreement and secure an initial 60% ownership in the RIP project [15] - The exploration strategy aims to further define the mineralization and assess the potential of the untested southern target [3][4] Industry Context - Global copper demand is increasing due to electrification, electric vehicles, and renewable energy, while supply remains constrained, highlighting the importance of new porphyry discoveries [18]