Mining & Resources
Hudbay Closes Arizona Sonoran to Build Third-Largest North American Copper Hub
Copper futures are up approximately 8% year to date. Gold is down 7% from the same starting point, and down $1,380 from its January all-time record at $5,405. Hudbay Minerals closed its acquisition of Arizona Sonoran Copper on June 24, creating what it describes as the third-largest copper district in North America. On June 23,…
Four Junior Miners Advance as Gold Hits Eight-Month Low Then Surges
Gold hit an eight-month low mid-week and then added two percent in two sessions. The June nonfarm payrolls report, released Friday July 4, came in at 57,000 jobs against a forecast of 110,000. The worst print in four months was enough to knock rate hike bets from 67 percent probability to roughly 50, push the…
Pan African Resources Completes Emmerson Buyout, Fitzroy Hits Copper
Pan African Resources spent four months and £163 million buying out a company it already controlled 75% of, just to make the paperwork simpler. Fitzroy Minerals spent the same week drilling a hole in Chile that came back at 59 meters of 1.73% copper and decided to drill 22,000 more meters to find out what…
Newcore Gold Falls 24% on Enchi PFS as Luca and Faraday Post Results
The press release said “robust.” The stock fell 24% to its lowest level in 17 months. Newcore Gold Headlines Spot-Price Economics While the Base Case Disappoints Newcore Gold (TSX-V: NCAU / OTCQX: NCAUF) released a pre-feasibility study for its Enchi Gold Project in Ghana on June 24. The headline numbers: an after-tax net present value…
Eldorado Gold Hit First Concentrate While Washington Decides Whether Copper Gets a 30% Tariff
Eldorado Gold produced first copper concentrate at McIlvenna Bay on June 8. The Commerce Secretary has until June 30 to decide whether copper imports get hit with a tariff that could reach 30%. One of those events happened underground in Saskatchewan. The other is happening on a desk in Washington, and it will move more…
Banyan Gold 62.66 g/t Yukon Find and Formation Metals N2 Extension
Gold averaged $3,300 an ounce this month. At a 0.30 g/t cutoff, that turns marginal rock into ore. Banyan Gold just drilled 62.66 grams per tonne. That is not marginal rock. Banyan Gold Intersects 62.66 g/t Gold in a New High-Grade Zone at the Powerline Deposit, Yukon Banyan Gold Corp. (TSXV: BYN / OTCQB: BYAGF)…
Triple Flag Acquires $440 Million Ravenswood Gold Stream as Royalty Market Accelerates
There is a mine in Queensland called Ravenswood. It has been producing gold since 1987 and has pulled more than four million ounces out of the ground since then. Last Friday, someone paid $440 million for the right to buy 5.5% of its future output. That someone was Triple Flag Precious Metals. At $4,700 gold,…
Group Eleven 23% Copper in Ireland, Gold Terra and Tier One Silver Results
Gold held near $3,300 this week. Silver was volatile between $32 and $34. The drill rigs did not care. Four junior mining companies released results across Ireland, Canada, and Peru — copper, gold, silver, and the kind of antimony grades that put a European discovery on the critical minerals map. Group Eleven Resources Drills 23.60%…
Mining M&A Hit $26 Billion in Q1 2026 and Barrick Is Spinning Out Its North American Gold Assets
Gold held above $4,700 this week. Silver hit $75.48, up more than 7%. Copper traded at $13,980 per tonne, 10% higher year-to-date and within striking distance of its all-time high. The price environment across the precious and base metals complex is as constructive as it has been in years. The question the week raised is…
Guardian Metal Finds Tungsten Zone as Outcrop Silver Hits Record Grades
Tungsten had a week. Guardian Metal found a new zone at its Nevada project during what was supposed to be routine condemnation drilling. Outcrop Silver hit 2,820 g/t silver equivalent over 23 centimeters in Colombia. Norsemont drilled 20 meters of gold at the bottom of a hole in Chile, which means the system keeps going.…
