By Vallari Srivastava (Reuters) -Newmont on Monday named Natascha Viljoen as its first female CEO, succeeding Tom Palmer, at a time when the gold mining sector tries to cope with a slew of challenges, even as the precious metal hits a series of new highs. Viljoen's appointment coincides with the abrupt resignation of Mark Bristow as CEO of rival Barrick Mining earlier in the day. Shareholders are pressing for stronger returns to match successive all-time highs in the gold price, even as companies grappl ...

Barrick Mining (NYSE:B) -0.5% pre-market Monday after saying its board appointed Mark Hill as Group COO and Interim President and CEO, effective immediately, following the departure of Mark Bristow. Hill is currently responsible for Barrick's (NYSE:B) Latin America and Asia ...

Core Viewpoint - Freeport-McMoRan (FCX) is facing significant operational challenges due to a mud rush incident at its Grasberg mine in Indonesia, leading to a force majeure declaration and a sharp decline in its stock price [2][6] Group 1: Operational Impact - The Grasberg mine is critical, contributing over 1.5 billion pounds of copper and approximately 1.5 million ounces of gold annually [2] - The incident has led Goldman Sachs to revise its global copper supply forecast from a surplus to a deficit for 2025, indicating a serious disruption in the market [3] - Freeport's Grasberg mine accounted for nearly one-third of its total copper sales in 2024, creating a significant gap in its short-term production outlook [3] Group 2: Financial Outlook - Freeport anticipates third-quarter 2025 copper sales to be approximately 4% lower and gold sales to decrease by 6% compared to earlier estimates, resulting in substantial lost revenue [4] - In 2024, copper sales contributed 3.5 billion pounds, generating billions in revenue at an average price of $4.18 per pound, with current prices exceeding $4.50 per pound [4] - FCX shares dropped over 13% on September 24, falling below $38 from earlier peaks of $45.74, erasing billions in market capitalization [6] Group 3: Long-term Prospects - Despite current challenges, the long-term outlook for copper remains strong, with demand expected to increase by 30% over the next decade due to the energy transition [5] - Freeport is well-positioned to capitalize on this growth once operations at Grasberg are restored [5]

Perpetua Resources has entered discussions with mining companies Glencore, Trafigura, Clarios, Nyrstar and Sunshine Silver, among others, regarding a partnership to process antimony in the US. The company aims to establish processing arrangements that will benefit shareholders and ensure a steady supply of antimony for US consumers. This initiative seeks to boost the availability of the critical mineral in Western markets, where exports have been restricted by China, reported Reuters. Perpetua plans to ...

Mark Hill Appointed Group COO and Interim President & CEO Search Underway to Identify Successor President & CEO All amounts expressed in U.S. dollars TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced that the Company’s Board of Directors (the “Board”) has appointed Mark Hill as Group COO and Interim President and Chief Executive Officer, effective immediately, following the departure of Mark Bristow. Mark Hill, who is curren ...

Core Viewpoint - Barrick Mining Corporation has appointed Mark Hill as Group COO and Interim President and CEO following the departure of Mark Bristow, with a search underway for a permanent successor [2][3][4]. Group 1: Leadership Changes - Mark Hill, with 30 years of mining experience and a history with Barrick since 2006, will lead the company during this transitional period [3]. - Mark Bristow has stepped down after nearly seven years, during which he successfully integrated Barrick and Randgold, returning $6.7 billion to shareholders and reducing net debt by $4 billion [4][5]. Group 2: Company Performance - Barrick has maintained solid operational performance, strong cash flows, and an enhanced quarterly dividend, positioning itself well for future growth [4][6]. - The company continues to align with its full-year expectations as outlined in the Q2 results [6]. Group 3: Company Overview - Barrick is a leading global mining company with a significant portfolio of gold and copper assets, operating in 18 countries across five continents [7]. - The company is recognized as the largest gold producer in the United States and focuses on creating long-term value through responsible mining practices [7].

Company Overview - MP Materials is an American rare-earth materials firm based in Las Vegas, Nevada, and has seen an increase of nearly 8% in stock price recently due to plans by the Trump Administration to acquire a 10% equity stake in Lithium Americas [2] - The company operates the Mountain Pass mine, the only operational rare earth mine and processing facility in the United States, focusing on producing Neodymium-Praseodymium (NdPr) essential for high-strength permanent magnets used in various applications [3] Stock Performance - The stock has increased approximately 370% year-to-date, trading at over 45 times forward revenue, which is notably high for a mining company [3][7] - The U.S. Department of Defense became MP's largest stakeholder after a $400 million stock acquisition in July, aimed at enhancing the magnets business and securing the domestic supply chain [5] Market Dynamics - Geopolitical tensions, particularly U.S. tariffs on Chinese goods, have significantly impacted the rare earth materials market, with China's rare earth magnet exports dropping 74% year-over-year and shipments to the U.S. falling by 93% [4] - The need for a secure domestic supply chain positions MP as a crucial player in reducing U.S. dependence on China, which currently supplies 90% of the world's most powerful rare-earth magnets [4] Financial Performance - In Q2 2025, MP exceeded expectations with NdPr oxide production rising 119% year-over-year, sales volumes tripling to 443 metric tons, and revenue increasing 84% to $57.4 million [6] - The company aims to scale production of permanent magnets to 10,000 metric tons annually by 2028, with sales for this segment reaching $20 million [7] Future Outlook - Management anticipates a further sequential increase in NdPr oxide production of 10% to 20% in Q3 2025, indicating strong growth potential [6] - The company has nearly $2 billion in cash reserves, providing a solid financial foundation for future expansion [7]

Papua New Guinea’s National Court dismissed a multi-billion-dollar class-action lawsuit against Rio Tinto and a former unit over damage allegedly caused by the historic Panguna copper mine https://t.co/kmYwFdsDHc ...

Core Insights - Orosur Mining Inc. has announced its audited results for the fiscal year ending May 31, 2025, indicating a significant financial performance review [1] Financial Performance - The company reported all dollar figures in thousands of US dollars, providing a clear financial overview for stakeholders [1]

铜周报 矿端扰动不断，铜价突破上行 核心观点及策略 ⚫ 上周铜价突破向上，主因美国8月核心通胀表现符合预期， 进一步助推年内降息预期回升，上周多位美国经济领域的 前任领袖阻止解雇库克，称此举将会严重损害美联储政策 独立性以市场对美国货币政策的公信力，解雇风波暂缓提 振美元指数低位反弹；此外，我国8月工业企业利润同比 大幅反弹，反内卷政策效果显著提振市场信心。基本面来 看，印尼Grasberg和秘鲁安塔米纳均大幅下调近期产量预 期，精矿供应愈发趋近，国内精铜产量预期下滑，社会库 存偏低运行，近月盘面回归平水结构。 投资咨询业务资格 沪证监许可【2015】84 号 李婷 021-68555105 li.t@jyqh.com.cn 从业资格号：F0297587 投资咨询号：Z0011509 黄蕾 huang.lei@jyqh.com.cn 从业资格号：F0307990 投资咨询号：Z0011692 高慧 gao.h@jyqh.com.cn 从业资格号：F03099478 投资咨询号：Z0017785 王工建 wang.gj@jyqh.com.cn 从业资格号：F03084165 投资咨询号：Z0016301 赵凯熙 ...