or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period ...

Core Insights - Rio Tinto reported an 8% increase in CuEq production, driven by the ramp-up of the Oyu Tolgoi underground copper mine and record iron ore production from Pilbara operations [1][2] - Underlying EBITDA rose by 9% to $25.4 billion, with operating cash flow at $16.8 billion, reflecting strong operational performance and cost discipline [1][2] - The company aims for a 3% CAGR in CuEq production through 2030, supported by a high-quality pipeline and structural cost improvements [1] Financial Performance - Net cash generated from operating activities increased by 8% to $16.8 billion in 2025 compared to $15.6 billion in 2024 [1] - Free cash flow decreased by 28% to $4.0 billion from $5.6 billion in 2024 [1] - Consolidated sales revenue grew by 7% to $57.6 billion, while underlying earnings remained stable at $10.9 billion [1] Operational Highlights - The company achieved a 5% reduction in operating unit costs in 2025, with significant productivity benefits expected to yield $650 million in annualized savings by Q1 2026 [1][2] - Key project milestones included the completion of the Oyu Tolgoi underground development and the opening of the Western Range iron ore replacement mine on time and on budget [1][2] Strategic Focus - Rio Tinto's strategy emphasizes operational excellence, project execution, and capital discipline, with a diversified portfolio of world-class assets [1][2] - The company is targeting to release $5-10 billion in cash proceeds from its asset base, alongside ongoing market testing of borates and TiO2 [2] Sustainability Initiatives - CO2 emissions were reported at 31.5 million tonnes in 2025, marking a 14% reduction from the 2018 baseline, with a goal of a 50% reduction by 2030 [2] - The company signed modernized agreements with local communities to strengthen partnerships and ensure long-term benefits [2]

Core Viewpoint - Freeport-McMoRan Inc. (FCX) has entered into a Memorandum of Understanding (MOU) with the Indonesian government to extend the operating rights for PT Freeport Indonesia (PTFI) in the Grasberg minerals district for the life of the resource, ensuring continued governance and operational structures [1] Group 1: Agreement Details - The MOU stipulates that the existing governance and operating structure will remain in effect throughout the life of the resource [1] - FCX will transfer a 12% share interest in PTFI to the Indonesian government in 2041 at no cost, with reimbursement for pro-rata costs incurred [1] - FCX will maintain a 48.76% ownership interest in PTFI until 2041, reducing to approximately 37% starting in 2042 [1] Group 2: Operational and Community Commitments - PTFI will prioritize domestic downstreaming through local sales of refined copper, precious metals, and sulfuric acid, and will be positioned to market refined copper to the U.S. if needed [1] - PTFI plans to increase exploration spending and advance studies to identify long-term resources and expansion opportunities [1] - The company will enhance support for communities in Papua, including financial contributions for a new hospital and two medical educational facilities [1] Group 3: Future Outlook - The extension of operating rights and other terms are contingent upon the issuance of an amended special mining business license (IUPK) by the Indonesian government [1] - PTFI intends to expedite the extension application reflecting the agreed terms [1]

Core Viewpoint - Alcoa of Australia has reached an agreement with the Australian Federal Government to modernize the approvals framework for its mining activities, enhancing environmental assessments and operational clarity through a Strategic Assessment process [1] Group 1: Strategic Assessment and Environmental Commitments - The Strategic Assessment will evaluate current and future mining areas until 2045, focusing on the impacts on significant flora and fauna [1] - Alcoa will limit land clearing to 800 hectares per year and aims to increase rehabilitation efforts to 1,000 hectares annually by 2027 [1] - The company has committed to investing over A$15 million by 2029 to enhance knowledge of the Northern Jarrah Forest and to implement measures for protecting public drinking water [1] Group 2: Financial Implications and Operational Impact - Alcoa will incur a charge of $19 million related to environmental reserves due to historical clearing, with cash outlays expected in 2026 [1] - In 2024, Alcoa's Australian operations invested A$2.7 billion with over 1,700 local suppliers, retaining more than 70% of revenue generated in Australia within the country [1] - The company provides direct and indirect employment for approximately 5,500 people and supports additional jobs in local communities [1] Group 3: Future Mining Operations - The Strategic Assessment does not affect ongoing environmental assessments for the Myara North and Holyoake mine regions, with mining in these areas anticipated to start no earlier than 2029 [1] - Alcoa expects bauxite quality to remain consistent with recent grades until new mining operations commence [1]

Company Overview - Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations including the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, and the Wharf gold mine in South Dakota [1][1][1] - The company also wholly-owns the Silvertip polymetallic critical minerals exploration project in British Columbia [1] Upcoming Events - The Chairman, President, and CEO of Coeur, Mitchell J. Krebs, will present at the BMO Capital Markets Global Metals, Mining & Critical Minerals Conference on February 24, 2026, at 7:00 a.m. Central Time [1][1] - Presentation materials will be available on the company's website, and a webcast of the presentation will be accessible through a provided link [1][1] - Additionally, Krebs will present at TD Cowen's 17th Annual Global Mining Conference on January 29, 2026, at 2:20 p.m. Eastern Time [1][1] Financial Reporting - Coeur Mining will report its fourth quarter and full-year 2025 operational and financial results after the New York Stock Exchange closes on February 18, 2026 [1][1] - A conference call to discuss these results will be hosted on February 19, 2026, at 11:00 a.m. Eastern Time [1][1] Exploration Update - Coeur provided an update on its 2025 exploration program at the Palmarejo gold-silver complex, marking its largest exploration campaign since 2012 with approximately 68,000 meters of diamond drilling across a 300 km² land package, of which only 3% has been explored to date [1][1]

Executive Team Change - Isabelle Deschamps, Chief Legal, Governance & Corporate Affairs Officer, will leave Rio Tinto in 2026 after five years in her role to pursue new opportunities [1] - Deschamps will remain in her position until at least mid-2026 to ensure continuity during the succession process [1] - CEO Simon Trott acknowledged Deschamps' contributions in strengthening governance and supporting business development [1] No Intention to Bid Statement - Rio Tinto has confirmed it is no longer considering a merger or business combination with Glencore plc, as it could not reach an agreement that would deliver value to shareholders [1] Joint Acquisition for Low-Carbon Aluminium - Rio Tinto and Aluminum Corporation of China Limited (Chalco) have entered into a joint venture to acquire Votorantim's 68.596% controlling shareholding in Companhia Brasileira de Alumínio (CBA) [1] - The transaction will be structured with Rio Tinto owning 33% and Chalco 67% of the joint venture [1] - The acquisition price is set at R$10.50 per share in CBA, representing a premium [1] Fourth Quarter 2025 Production Results - Rio Tinto reported exceptional production performance in the fourth quarter of 2025, achieving record quarterly iron ore production in the Pilbara [1] - The company noted a strong recovery from extreme weather interruptions earlier in the year [1]

Core Viewpoint - Triple Flag Precious Metals Corp. has entered into an agreement with Evolution Mining Limited to fund the development of the E44 Gold Deposit at Northparkes, which is expected to enhance gold and silver production through guaranteed deliveries from 2030 to 2037 [1][2]. Group 1: Financial Commitments and Deliveries - Triple Flag will invest US$84.3 million in the fourth quarter of 2026 for the E44 Gold Deposit development [1][2]. - Evolution Mining has committed to guaranteed minimum deliveries of 45,052 ounces of gold and 446,200 ounces of silver from the E44 Gold Deposit over the 2030 to 2037 period [1][2]. - The E44 Stream allows Triple Flag to purchase 20% of payable gold and 30% of payable silver from the E44 Gold Deposit at an ongoing payment of 10% of the spot prices for each ounce delivered [1][2]. Group 2: Project Development and Potential - The E44 Gold Deposit is a high-grade, gold-dominant deposit located approximately 21 kilometers from existing mill infrastructure, with a current resource of 8.7 million tonnes grading 1.34 g/t Au, containing 0.38 million ounces in the measured and indicated category [1][2]. - Evolution Mining is also advancing the E22 deposit to production as a block cave, which is expected to support a potential mill expansion to 10 million tonnes per annum from the current 7.5 Mtpa [2][4]. - The development of the E44 Gold Deposit is anticipated to create infrastructure for further exploration in a highly prospective area for gold and copper mineralization [1][2]. Group 3: Historical Context and Asset Background - Northparkes has been operational since 1993 and has a history of reserve replacement, previously operated by Rio Tinto and later acquired by China Molybdenum, with Evolution acquiring CMOC's stake in December 2023 [2][4]. - The Northparkes asset covers over 1,000 square kilometers, indicating significant exploration potential beyond the E44 Gold Deposit [1][2].

Core Viewpoint - Alcoa Corporation will participate in the BMO Global Metals, Mining & Critical Minerals Conference on February 24, 2026, to discuss its business outlook and financial results for the current quarter [1] Company Participation - Alcoa will engage in a live webcast session at the conference, featuring a question-and-answer segment with an executive [1] - A slide presentation related to the conference will be available on Alcoa's website on February 23, 2026, at approximately 7:00 a.m. EST [1] Financial Performance - Alcoa reported fourth quarter and full year 2025 results, highlighting strong aluminum pricing and operational performance [2] - For 4Q25, Alcoa's revenue was $3,449 million, compared to $2,995 million in 3Q25, and full year revenue for FY25 was $12,831 million, up from $11,895 million in FY24 [2] Company Overview - Alcoa is a global leader in bauxite, alumina, and aluminum products, with a commitment to sustainability and operational excellence [1] - The company aims to turn raw potential into real progress through innovative practices and community engagement [1]

Executive Compensation Update - International Battery Metals Ltd. (IBAT) announced the grant of 9,044,470 restricted share units (RSUs) to CEO Joseph A. Mills, with specific vesting conditions tied to market capitalization and EBITDA targets [1] - The vesting schedule includes: - 2,087,683 RSUs vesting on the first anniversary of the grant - 50% of 2,152,262 RSUs vesting upon achieving a market cap of US $750 million, and the remaining 50% upon reaching US $1.5 billion - 50% of 4,304,525 RSUs vesting upon achieving aggregate EBITDA of US $25 million, and the remaining 50% upon reaching US $50 million - 500,000 RSUs vesting 60 days after a successful listing on major stock exchanges [1] - Additionally, 3,313,167 RSUs were granted to Michael Rutledge, with similar vesting conditions based on market capitalization and EBITDA targets [1] Company Overview - IBAT specializes in modular direct lithium extraction (DLE) systems, utilizing proprietary technology for efficient lithium chloride extraction from groundwater and produced water deposits [1] - The company's technology is designed to minimize environmental impact while ensuring effective lithium delivery [1]

Core Viewpoint - Capstone Copper Corp. has resumed operations at the Mantoverde mine in Chile after a disruption caused by issues with the desalination plant, while a strike by Union 2 continues, affecting approximately 22% of the workforce [1][3]. Group 1: Operations Update - Operations at the Mantoverde mine have resumed, with production expected to be between 50% to 75% of normal levels during the ongoing strike [1]. - The strike by Union 2 began on January 2, 2026, and represents about 22% of the total workforce at Mantoverde [3]. - Capstone Copper is open to discussions with Union 2 to resolve the labor dispute and is committed to legal procedures and employee rights [1][3]. Group 2: Production Performance - Capstone Copper achieved record annual copper production of 224,764 tonnes in 2025, marking a 22% increase compared to 2024 [3]. - The company met its annual copper production guidance for 2025, demonstrating operational resilience despite the labor disruptions [3]. Group 3: Company Overview - Capstone Copper Corp. is focused on copper mining in the Americas, with a portfolio that includes several mines in the USA and Mexico, as well as the Mantoverde mine in Chile [1]. - The company's strategy emphasizes transformational copper production growth, cost improvements, and responsible production practices [1].