mining M&A 2026
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,…
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,…
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…
Trafigura’s $700M LME Withdrawal and What It Means for Junior Players
Gold spent the week stuck. Iran peace talks gave it brief bounces but nothing that held. The 10-year Treasury hit 4.6653% on May 19, its highest since January 2025, and rate hike odds for December firmed toward 40%. That combination kept a ceiling on bullion and pushed the junior gold miner index to its worst…
