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Freeport-McMoRan Up 30% in 3 Months: Buy, Sell or Hold the Stock?
ZACKS· 2026-01-08 14:36
Core Viewpoint - Freeport-McMoRan Inc. (FCX) shares have surged 30.1% in the past three months, driven by rising copper prices due to tight global supply, trade tariff uncertainties, and strong demand [1][6]. Group 1: Stock Performance - FCX has outperformed the Zacks Mining - Non Ferrous industry's increase of 22.3% and the S&P 500's rise of 4% during the same period [2]. - The stock has been trading above the 50-day and 200-day simple moving averages since late November 2025, indicating a bullish trend following a golden crossover on July 8, 2025 [4]. Group 2: Copper Market Dynamics - Copper prices have been volatile but generally favorable, remaining above $5 per pound in the fourth quarter of 2025, supported by robust demand from China and the U.S. [15][16]. - Structural factors such as electric vehicle adoption and renewable energy projects are driving increased copper consumption, while supply concerns are heightened by potential disruptions in major mining operations [16][17]. Group 3: Company Growth Initiatives - Freeport is focused on expanding its production capacity, with significant projects underway, including a large-scale concentrator expansion at Cerro Verde in Peru, expected to add 600 million pounds of copper annually [9]. - The company is also evaluating a major expansion at El Abra in Chile, with an estimated resource of approximately 20 billion recoverable pounds of copper [9]. - PT Freeport Indonesia has completed a new greenfield smelter, with operations starting in the second quarter of 2025, and is transitioning energy sources to reduce greenhouse gas emissions [11]. Group 4: Financial Health - FCX has a strong liquidity position, generating operating cash flows of around $1.7 billion in Q3 2025, with $4.3 billion in cash and equivalents [12]. - The company maintains a net debt of $1.7 billion, below its targeted range, and has a policy of distributing 50% of available cash to shareholders [13]. - FCX offers a dividend yield of approximately 0.5%, with a payout ratio of 19%, indicating a sustainable dividend [14]. Group 5: Cost and Volume Challenges - FCX's average unit net cash cost per pound of copper increased to $1.40 in Q3 2025, a 24% rise from the previous quarter, due to declining sales volumes [19]. - The company expects unit net cash costs to rise to $2.47 per pound in Q4 2025, with projected copper sales volumes of 635 million pounds, reflecting a significant decline [20][22]. Group 6: Earnings Outlook - Freeport's earnings estimates have been revised upward over the past 30 days for 2025 and 2026 [23]. - The stock is currently trading at a forward price/earnings ratio of 28.07X, a premium to the industry average of 24.32X [24]. Group 7: Investment Considerations - FCX is well-positioned for growth due to its expansion activities and strong financial health, but a weaker sales volume outlook and higher expected costs may pose risks [27].
Surge Copper Advances Berg Toward Pre-Feasibility with Successful 2025 Drilling and Data Validation Program
Globenewswire· 2026-01-08 12:00
Vancouver, British Columbia, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to report results from its 2025 multidisciplinary drilling and field program at the 100%-owned Berg Project in central British Columbia. The program was designed to advance Berg toward completion of a Pre-Feasibility Study (“PFS”) planned for H1-2026 (see November 19, 2025 press release), and was successfully executed with a focus on resource c ...
Toronto Stock Exchange, Erdene Resource Development Corp., The View from the C-Suite
TMX Newsfile· 2026-01-07 17:21
Toronto, Ontario--(Newsfile Corp. - January 7, 2026) - Peter C. Akerley, President, Chief Executive Officer and Director, Erdene Resource Development Corp. ("Erdene" or the "Company") (TSX: ERD), shares the Company's story in an interview with TMX Group.Cannot view this video? Visit:https://www.youtube.com/watch?v=nBd7GKGxNl4The "View From The C-Suite" video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. These videos provide insig ...
Teako Announces Private Placement and Shares for Debt Transaction
TMX Newsfile· 2026-01-07 00:14
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") announces a non-brokered private placement for the issuance of up to 16,666,666 common shares of the Company (the "Common Shares") at a price of $0.06 per Common Share for aggregate gross proceeds of up to $1,000,000 (the "Offering") and the approval of the settlement of $113,000 of indebtedness (the "Debt Settlement") through the issuance of an aggregate of 1,883,333 Common Shares ...
Element 29 Receives DIA Environmental Certification Advancing New Drilling Permit Application at Elida Porphyry Cu-Mo-Ag Deposit, Perú
TMX Newsfile· 2026-01-06 13:00
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to announce that it has received environmental certification under a Declaración de Impacto Ambiental ("DIA") from the Perúvian Ministerio de Energía y Minas ("MINEM"), marking a significant milestone in the Company's application for a new Programa de Inicio de Actividades ("PIA") drilling permit at its Elida Porphyry Copper ("Cu") - Mo ...
Centerra Gold Provides Notice of Fourth Quarter 2025 Results and Conference Call
Globenewswire· 2026-01-06 12:30
Core Insights - Centerra Gold Inc. will release its fourth quarter 2025 operating and financial results, along with 2026 guidance and 2025 year-end estimates for mineral reserves and resources, after market close on February 19, 2026 [1] - A conference call and webcast to discuss the results will take place on February 20, 2026, at 9:00 a.m. Eastern Time [1] Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets [3] - The company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye [3] - Centerra also owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and operates a Molybdenum Business Unit in the United States and Canada [3] - The company's shares are traded on the Toronto Stock Exchange (TSX) under the symbol CG and on the New York Stock Exchange (NYSE) under the symbol CGAU [3]
Moon River Moly Ltd. Announces Filing of Technical Report for the Endako Mine Restart Preliminary Economic Assessment
TMX Newsfile· 2026-01-05 14:13
Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) ("Moon River" or the "Company") announces that the Company has filed an independent technical report entitled the National Instrument NI 43-101 Technical Report for the Endako Mine Restart Preliminary Economic Assessment ("PEA") (the "Endako Mine Restart Technical Report") dated January 5, 2026 with an effective date of November 21, 2025.The Endako mine complex in British Columbia (the "Endako Mine"), cur ...
DLP Resources Announces Coincident Magnetic anomaly with Copper and Molybdenum Anomalies at the Esperanza Porphyry Copper-Molybdenum Project in Southern Peru
TMX Newsfile· 2026-01-05 11:00
Core Insights - DLP Resources Inc. has completed a 280 line-km aeromagnetic drone survey over the Esperanza project in southern Peru, revealing significant magnetic anomalies associated with porphyry copper-molybdenum systems [1][3] - The survey identified a magnetic high surrounded by lows, coinciding with previously mapped alteration and geochemical anomalies for copper and molybdenum [1][2] - The company plans to permit a drill program for 2026 based on the encouraging results from the survey and prior geochemical sampling [3] Survey Details - The aeromagnetic survey was conducted on a north-south grid with 200m line spacings and infill line spacings of 100m, covering an area of 30 km² [1] - The survey confirmed coincident anomalies extending over approximately 4 x 4 km, indicating potential for a buried porphyry system [2] Project Background - The Esperanza project is an early-stage exploration project covering 8,600 hectares, located approximately 35 km southwest of the Cerro Verde Mine, one of the largest copper reserves globally [6] - Initial reconnaissance in 2022 identified copper-molybdenum mineralization, with follow-up sampling and mapping starting in early 2024 [7] Geochemical Findings - Initial rock chip samples from the project returned high levels of copper (up to 4.71%), molybdenum (28.8 ppm), zinc (3540 ppm), and cobalt (383 ppm) [8] - The sampling and mapping efforts have provided strong evidence for the presence of a porphyry copper-molybdenum system at depth [3][8] Quality Control Measures - DLP Resources has implemented a quality control and assurance program, including the use of certified reference materials and independent laboratory analysis [4][5]
Cascade Copper Highlights 2025 Work, Outlines 2026 Plans
Thenewswire· 2025-12-30 13:00
Core Insights - Cascade Copper Corp. has outlined its strategic plans for 2026, building on a productive year in 2025 with advancements in exploration and financing [2][4] 2025 Highlights: Building Momentum in Exploration and Financing - The company raised over $1 million through multiple tranches of non-brokered private placements, including $401,255 in October and an oversubscribed placement of $660,000 in December for upcoming exploration programs [3] - Cascade completed a high-resolution drone magnetic survey covering over 700 line kilometers at the Centrefire Copper-Gold Project and submitted a work program permit, with a drill permit expected within 60 days [3] - High-grade samples of copper, gold, molybdenum, and silver were collected at the Copper Plateau Porphyry Project, confirming historic soil anomalies [3] - The introduction of the Bendor Gold-Tungsten Project included an initial compilation of historical data revealing notable values and the initiation of 3D magnetic inversion modeling [3] - A collaboration with Blockware Technology was announced to utilize AI for predictive mapping, enhancing exploration efficiency [3] 2026 Plans: Advancing Key Projects while Pursuing Value-Added Opportunities - Cascade Copper aims to accelerate exploration across its flagship properties while evaluating strategic transactions to enhance shareholder value [4] - Planned activities include responsible exploration practices and the continuation of drilling programs across several projects, including Centrefire, Copper Plateau, Fire Mountain, and Bendor [9]
Cascade Copper Closes Final Tranche of Oversubscribed Private Placement
Thenewswire· 2025-12-24 03:00
Core Viewpoint - Cascade Copper Corp. has successfully closed the final tranche of its non-brokered private placement, raising a total of $659,728 (CDN) through the issuance of units [1] Group 1: Offering Details - The Offering included 8,462,500 Critical Minerals Flow-Through units at a price of $0.04 each and 8,923,002 Non-Flow-Through Units at a price of $0.036 each [2] - Each unit consists of one common share and one-half common share purchase warrant, with each full warrant exercisable at $0.05 for 36 months from the closing date [2] - The Offering is subject to regulatory approvals, including acceptance from the Canadian Securities Exchange, and all securities issued will have a four-month hold period [3][6] Group 2: Use of Proceeds - Proceeds from the sale of Flow-Through Shares will primarily fund eligible Critical Mineral Canadian Exploration Expenses and exploration programs in Ontario and British Columbia [5] - Proceeds from Non-Flow-Through shares will be allocated for the general working capital of the Company [5] Group 3: Insider Participation - The Offering included participation from insiders, which is classified as a related party transaction under Multilateral Instrument 61-101 [4] - The Company is relying on exemptions from valuation requirements and minority approval as the value of the subscribed Units does not exceed 25% of the Company's market capitalization [4] Group 4: Company Overview - Cascade Copper is an exploration stage natural resource company focused on the evaluation, acquisition, and exploration of copper-based mineral resource properties [8] - The Company is engaged in exploring copper and gold deposits in British Columbia and Ontario, utilizing modern technology for exploration [8] - Cascade has five projects, including the Copper Plateau Copper-Moly Project and the Centrefire Copper Project, with drilling planned for several projects this year [8]