EVs, AI servers, power lines, wind turbines — they all start from the same thing: copper. But copper doesn't come out of the ground as a bar. It hides in rock that's only about 0.5–0.6% copper, and that number keeps “thinning” every year while the world wants more and more of it. This is the story of the “upstream” of the copper chain — the work of moving a whole mountain for a handful of metal, and the quietest chokepoint of the energy-transition era.
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Lundin Mining Fair Value Rises to CA$42.54 as Analysts Split on Targets
Lundin Mining's fair value estimate has been raised to CA$42.54 from CA$41.45, with fresh analyst price targets clustering in the low to mid CA$40s. Scotiabank lifted its target to C$44 from C$42 while keeping an Outperform rating, and Barclays moved to C$43 from C$42 with an Equal Weight rating. Morgan Stanley adjusted its target to C$39.90 from C$38.20, maintaining Equal Weight, while TD Securities set a C$42 target, trimmed from C$43, but reiterated a Buy rating. On the bearish side, JPMorgan carries an Underweight rating with a SEK 209 target, revised from SEK 215, and a C$32 target, while Canaccord shifted to Hold from Buy with a C$39 target, adjusted from C$40. The updated fair value model uses revenue growth of 80.08% versus the earlier 70.86%, a net profit margin of 24.63% versus 24.32%, a future P/E of 26.92x versus 27.29x, and a discount rate of 7.93% versus 7.84%.
Critical Materials & Supply Chain › Copper Capital
0RQ9.LSE · Capital · Positive Analysts raised Lundin Mining's fair value estimate to CA$42.54 and clustered price targets in the low-to-mid CA$40s, with several upward revisions.
Aris Mining Completes Soto Norte ESIA, Begins Colombia Community Engagement
Aris Mining has completed the Environmental and Social Impact Assessment for its Soto Norte gold-copper project in Santander, Colombia, and in 2026 began formal community engagement across three municipalities ahead of submitting the ESIA and environmental license application. The company said Soto Norte lies outside the Santurbán Páramo and its buffer zone, and it aligned the ESIA and consultation process with Colombia's regulatory framework and the Escazú Agreement. The milestone follows the ANM's July 29, 2026 approval of the modified technical mine plan for Soto Norte, which confirmed regulators have reviewed the project's geology, reserves and mine design but does not replace the need for an environmental license before construction or mining can begin. Aris Mining's narrative projects $2.2 billion revenue and $688.8 million earnings by 2029, requiring 19.9% yearly revenue growth and a $404.1 million earnings increase from $284.7 million today, with a CA$41.53 fair value implying 66% upside. Some of the lowest estimate analysts had assumed about US$2.0 billion of revenue and US$797.7 million of earnings by 2029 while still citing Soto Norte's lengthy permitting and heavy ESG commitments as reasons for caution.
ARIS · Regulation · Positive Aris Mining completed the Soto Norte ESIA and began formal community engagement, advancing the project toward the required environmental license under Colombia's regulatory framework.
Rio2 Launches 33,870-Metre Condestable Drilling, Suspends Fenix Gold Work
Rio2 Limited launched a two-phase surface drilling and district-scale exploration program at its Condestable Copper Mine in Peru while suspending drilling at the Fenix Gold Mine in Chile, according to a September 2026 company-wide exploration update. The Condestable campaign covers 33,870 metres across two phases and is designed to better understand and potentially convert both breccia-hosted and vein-hosted copper-gold-silver mineralization based on a refined geological model. The program sits on top of the August 2026 approval of the MEIA modification for Condestable, which supports expansion to 10,000 tonnes per day and dry stack tailings. Rio2 said the Fenix suspension stemmed from adverse weather, safety concerns and contractor standby costs, leaving extreme weather as the key near-term operational risk. The company's narrative projects $691.3 million in revenue and $250.6 million in earnings by 2029, requiring 59.3% yearly revenue growth and roughly a $192 million earnings increase from $58.2 million today.
BHP Unit Wins El Seguro Copper Exploration Contract in Argentina
Impulsa Mendoza has awarded Public Tender No. 2/2026 to Cerro Quebrado S.A., a BHP Group company, granting it an exploration contract with a purchase option for the El Seguro copper project in Argentina's Malargüe Western Mining District. The award gives BHP a second route into the district alongside its alliance with Kobrea Exploration, deepening its copper exploration exposure in a single emerging Andean jurisdiction. The contract sits alongside BHP's recent production and guidance updates, in which copper output in FY2026 fell 3% year on year to 1,952.8 kt and 2027 copper guidance was set below 2026 levels. BHP's narrative projects $56.1 billion in revenue and $13.3 billion in earnings by 2029, with a fair value of A$61.02, while some of the lowest ranked analysts assumed revenue would fall to about US$52.5 billion by 2029 even as earnings rose to roughly US$11.7 billion.
BHP.LSE · Supply · Positive BHP's Cerro Quebrado unit won the El Seguro copper exploration contract with a purchase option, expanding its copper resource base in Argentina
Cerro Quebrado S.A. · Supply · Positive Cerro Quebrado S.A., a BHP company, was awarded the El Seguro copper exploration contract with a purchase option
COPPER · Supply · Positive BHP's new copper exploration contract in Argentina signals potential future copper supply growth
Purecore Metals Announces Up to C$2.5 Million Non-Brokered Private Placement
Purecore Metals Inc. intends to complete a non-brokered private placement for aggregate gross proceeds of up to C$2,500,000, the company announced on October 2, 2026. The offering will combine hard dollar units priced at C$1.35 each and flow-through units priced at C$1.50 each, with each unit consisting of one common share and one warrant. Each warrant entitles the holder to acquire one warrant share at C$2.00 for 36 months from the applicable closing date, subject to acceleration if the closing price on the Canadian Securities Exchange equals or exceeds C$2.50 for ten consecutive trading days. Net proceeds from the hard dollar units are expected to fund mineral exploration, property expenditures and acquisitions, and general corporate and working capital purposes, while gross proceeds allocated to the flow-through shares will be used to incur eligible Canadian exploration expenses that the company intends to renounce to subscribers with an effective date no later than December 31, 2026. Completion remains subject to customary closing conditions and regulatory approvals, and all securities issued will be subject to a four-month hold period.
Orvana Extends $25 Million Trafigura Prepayment Facility Maturity to June 2027
Orvana Minerals Corp. announced that its Bolivian subsidiary, Empresa Minera Paitití, S.A., has amended its US$25 million secured prepayment facility with Trafigura Pte. Ltd. The principal change extends the facility's final maturity date by six months, from December 2026 to June 2027, a move the company said better aligns the repayment schedule with the production ramp-up profile of the Don Mario Oxides Stockpile Project. The facility was first announced on November 6, 2025. Orvana is a multi-mine gold-copper-silver company whose assets include the producing El Valle and Carlés mines in northern Spain, the Don Mario property in Bolivia, which is ramping up production of copper cathodes and gold-silver doré from its oxides stockpile, and the Taguas property in Argentina.
Critical Materials & Supply Chain › Copper Capital
Critical Materials & Supply Chain › Precious Metals Capital
Critical Materials & Supply Chain › Gold Capital
Empresa Minera Paitití S.A. · Capital · Positive Empresa Minera Paitití's $25M Trafigura prepayment facility maturity is extended to June 2027, better aligning repayment with the Don Mario Oxides Stockpile Project ramp-up.
Trafigura Group Pte. Ltd. · Capital · Positive Trafigura's $25M secured prepayment facility to Orvana's Bolivian unit gets its maturity extended six months to June 2027, easing repayment terms for the lender's exposure.
Freeport Reports Q3 2026 Copper Production of 830 Million Pounds, In Line With Expectations
Freeport reported third-quarter 2026 consolidated copper production of approximately 830 million pounds, in line with expectations, with slightly better international results offsetting slightly lower U.S. output. Consolidated gold production of approximately 230 thousand ounces also approximated expectations, but timing changes at PT Freeport Indonesia deferred roughly 60 thousand ounces of refined gold from the third quarter into the fourth quarter. As a result, Freeport expects third-quarter consolidated copper sales to approximate its July 2026 estimate of 750 million pounds, while gold sales are expected to approximate 100 thousand ounces, below the July estimate. Consolidated unit net cash costs are now expected to come in about 5% above the July 2026 estimate of $2.00 per pound of copper, mainly on lower by-product credits from the deferred gold sales, and the company estimates its third-quarter consolidated average realized price will exceed $6.50 per pound of copper. At the Grasberg minerals district, mill throughput averaged approximately 140,000 metric tons of ore per day, about 67% of normalized rates prior to the September 2025 incident, and PTFI's smelter in Eastern Java re-commenced operations in late August 2026, with Freeport still targeting 80% of capacity in mid-2027 and near full capacity by year-end 2027.
FCX · Supply · Negative Q3 copper/gold output in line but gold sales deferred and unit cash costs ~5% above July estimate on lower by-product credits, with Grasberg throughput only ~67% of normalized rates.
GOLD · Supply · Negative Timing changes at PT Freeport Indonesia deferred roughly 60 thousand ounces of refined gold from Q3 into Q4, cutting Q3 gold sales to ~100 thousand ounces.
COPPER · Supply · Neutral Freeport's Q3 copper production of 830 million pounds was in line with expectations, with slightly better international results offsetting lower U.S. output.
BofA Raises Copper Forecast 20% to $12,000, Names Top Mining Picks
BofA Securities raised its long-term copper price forecast by 20% to $12,000 per ton for 2026 and updated its mining sector rankings, upgrading BHP to Buy with a price objective of A$68 and naming the world's largest copper producer its top pick among large-cap mining stocks. Glencore was rated Buy with a price objective of GBp650, with BofA highlighting its copper growth options and monitoring a potential Australian listing for the diversified miner. Norsk Hydro received a Buy rating with a price objective of NOK98, which BofA described as offering interesting risk-reward characteristics for the pure-play aluminum company. Antofagasta maintained its Buy rating with a price objective of GBp4700, with the bank noting roughly 30% volume growth potential. BofA also trimmed its 2027 aluminum forecast by 5% to $3,625 per ton, and cautioned that investors should be prepared for potential drawdowns of 10% to 20%, noting that during China's super cycle from 2002 to 2008 markets experienced multiple corrections despite overall upward trends.
BHP.LSE · Capital · Positive BofA upgraded BHP to Buy with an A$68 price objective and named it top pick among large-cap miners.
0Q11.LSE · Capital · Positive BofA initiated a Buy rating on Norsk Hydro with a NOK98 price objective, citing attractive risk-reward for the pure-play aluminum company.
ANTO.LSE · Capital · Positive BofA maintained its Buy rating on Antofagasta with a GBp4700 price objective, noting roughly 30% volume growth potential.
GLEN.LSE · Capital · Positive BofA rated Glencore Buy with a GBp650 price objective, highlighting its copper growth options.
Southern Copper Carries Positive Earnings ESP Ahead of Next Report
Southern Copper is positioned for another earnings beat when it reports next, according to Zacks Investment Research. The miner has topped estimates in each of its last two quarters, with an average surprise of 5.25%. In the most recent quarter it posted earnings of $2.01 per share against a Zacks Consensus Estimate of $1.97, a surprise of 2.03%, after delivering $1.92 per share versus an expected $1.77 in the prior quarter, a surprise of 8.47%. Southern Copper currently has an Earnings ESP of +8.00% and a Zacks Rank #3 (Hold), a combination that Zacks research shows produces a positive surprise nearly 70% of the time.
SCCO · Capital · Positive Zacks flags Southern Copper with a positive Earnings ESP of +8.00% ahead of its next report, pointing to another earnings beat.
Zacks Investment Research, Inc. · Capital · Neutral Zacks is the research firm issuing the positive Earnings ESP and Rank #3 (Hold) call on Southern Copper, but the article is about the miner, not Zacks itself.
Newmont's Positive Earnings ESP Points to Another Beat on October 22, 2026
Newmont Corporation, the gold and copper miner in the Zacks Mining - Gold industry, holds a positive Earnings ESP of +6.16% ahead of its next quarterly report, scheduled for release on October 22, 2026. The company has topped estimates by 21.27% on average over the last two quarters, including a 2.44% surprise in the last reported quarter with earnings of $2.1 per share versus the Zacks Consensus Estimate of $2.05 per share, and a 40.10% surprise in the prior quarter with earnings of $2.9 per share against an expected $2.07 per share. The positive Earnings ESP, combined with a Zacks Rank #3 (Hold), suggests another beat is possibly around the corner, as Zacks research shows stocks with this combination produce a positive surprise nearly 70% of the time. Investors should note that a negative Earnings ESP reading is not indicative of an earnings miss, but it does reduce the predictive power of the metric.
Rokmaster Begins First-Ever Drill Program at Mystery Property
Rokmaster Resources Corp. has commenced the first-ever drill program on its Mystery Property in west-central British Columbia, with the maiden drillhole being collared today. The Mystery Property is one of four properties making up the Company's Nechako Project, which totals 28,238 hectares (282 km2); the Mystery Property itself covers 16,291 hectares (162.9 km2). Previous operators including Kennco, Canamax, Noranda, Quartz Mountain Resources, and Copper Mountain Mining had advanced the Property with geochemical and geophysical work since 1969, while Kootenay Resources and Rokmaster have developed porphyry drill targets annually since 2022. In June 2026, SJ Geophysics completed an Induced Polarization Survey over several of the most prospective porphyry Cu-(Mo±Au) targets, identifying a strong high chargeability anomaly cored by a high resistivity anomaly below and southeast of the B2 Zone, plus a west-dipping coincident anomaly on Line 3000 near outcropping molybdenite mineralization. Planned drillhole P26-A will test the central high resistivity anomaly to a depth of approximately 500 m, while P26-B will test the Line 3000 anomaly where Re-Os age dating confirmed late Cretaceous Bulkley Intrusive Suite mineralization related to regional porphyry systems such as Huckleberry, Ox, Seel, and Poplar. President and CEO John Mirko called the drill's arrival on the Mystery Property for the first time ever an exciting moment, adding that further updates will be released in due course.
Rokmaster Resources Corp. · Technology · Positive Rokmaster commenced the first-ever drill program on its Mystery Property, testing newly identified porphyry Cu-(Mo±Au) targets
SJ Geophysics Ltd. · Demand · Positive SJ Geophysics completed the Induced Polarization Survey that identified the porphyry drill targets now being tested by Rokmaster
First Quantum Falls 16% After Panama Panel Backs Orderly Closure of Cobre Panama Mine
First Quantum Minerals plunged 16% to its lowest in nearly two months on Wednesday after a Panamanian government commission recommended the orderly closure of the company's flagship Cobre Panama copper mine. The commission's report recommended that Panama evaluate a new agreement with First Quantum that would end pending international arbitration claims and allow the project to operate under conditions designed to finance closing the mine over time. The report did not describe the scope, timing, or legal structure for any restart, but said closing such a large site would take decades and require ongoing environmental management and monitoring; Reuters reported earlier that the commission would propose a state tie-up with First Quantum for the mine, one of the world's largest open-pit copper deposits. J.P. Morgan analysts said the official document implied a multi-decade operating framework followed by monitoring and closure, though they cautioned that the scale, timing, and economics of any restart remain undefined. First Quantum stopped operations at the mine in 2023 after Panama's Supreme Court ruled that a 20-year contract allowing for its operation was unconstitutional, following widespread protests by environmentalists concerned about its impact in a delicate jungle ecosystem. Franco-Nevada, which does not own an equity stake in Cobre Panama but holds a 100% precious metals stream covering the entire production of the mine, fell 4% on Wednesday.
First Quantum Minerals Ltd. · Regulation · Negative A Panamanian government commission recommended the orderly closure of First Quantum's flagship Cobre Panama mine, threatening the project's future.
FNV · Supply · Negative Franco-Nevada holds a 100% precious metals stream on Cobre Panama, so the recommended orderly closure of the mine threatens its stream production.
COPPER · Supply · Negative The recommended closure of Cobre Panama, one of the world's largest open-pit copper deposits, removes a major source of copper supply.
COMEX copper closes up 0.27% after Chilean output slumps and Escondida strike looms
Copper futures in New York closed higher on Wednesday, September 30, amid concerns over tight supply. The December COMEX copper contract rose 1.80 cents, or 0.27%, to settle at $6.6215 per pound. The market drew support after Chile's national statistics agency reported that Chilean copper output in August fell 12.8% year on year to 369,500 metric tons, the lowest monthly output level since February 2011, following a 9.4% decline the previous month. The drop was attributed to unusually cold winter weather and disruptions to port logistics. Meanwhile, a union of 1,020 supervisory workers at the Escondida mine, operated by BHP in Chile and the world's largest copper mine, voted overwhelmingly, by 95%, to reject the company's final collective labor contract offer, paving the way for a possible strike. Under Chilean labor law, both sides must enter a mandatory government-mediated conciliation process lasting five working days, which can be extended by another five days before the union can legally strike. However, copper's gains were partly capped after a Panamanian government commission recommended opening negotiations with First Quantum Minerals to set the terms for restarting the Cobre Panama mine, in order to generate cash flow to support the budget for a gradual, orderly long-term closure of the mine.
COPPER · Supply · Positive Chilean copper output fell 12.8% y/y to its lowest since 2011 and an Escondida strike looms, tightening supply and lifting COMEX copper.
BHP.LSE · Supply · Negative Union at BHP-operated Escondida, the world's largest copper mine, voted 95% to reject the final contract offer, paving the way for a possible strike that would disrupt BHP's output.
First Quantum Minerals Ltd. · Supply · Negative A Panamanian commission recommended negotiating terms to restart Cobre Panama, which would add supply and partly cap copper's gains.
Ivanhoe Electric Updates Santa Cruz Copper Study With 24-Year Mine Life and 18.7% IRR
Ivanhoe Electric has released an updated Preliminary Feasibility Study and Technical Report Summary for its Santa Cruz Copper Project, prepared under SEC S-K 1300 rules and replacing the June 2025 report. The new study outlines a 24-year mine life with average life-of-mine cash costs of US$1.47 per pound and an after-tax internal rate of return of 18.7%, underlining the project's potential to generate positive cash flow. The company also recently appointed a new Chief Operating Officer and a dedicated Senior Vice President of Operations and Santa Cruz General Manager, both effective September 1, 2026. The updated study reinforces the project's positive cash flow profile but does not meaningfully change the near-term picture, where the key catalyst remains steady progress toward 2029 first production and the biggest risk is further cost inflation or delays that might force additional funding needs. Ivanhoe Electric's narrative projects $3.1 million revenue and $514.7 thousand earnings by 2029, requiring 1.1% yearly revenue growth and an earnings increase of about $34.9 million from -$34.4 million today.
Lundin Mining Boosts Buyback by US$100 Million as Share Count Rises
Lundin Mining Corporation reported that its issued and outstanding common shares with voting rights rose by 22,173 to 851,359,558 as of September 30, 2026, an increase from August 31, 2026 resulting from the exercise of employee stock options and the vesting of employee share units. The company said it did not purchase any shares for cancellation under its Normal Course Issuer Bid program during that period. Under its shareholder distribution policy, Lundin Mining is committed to allocating up to US$150 million in annual share buybacks through the NCIB program, and its Board of Directors has approved an increase of up to US$100 million to the share repurchase program for the remainder of 2026. So far during 2026, the company has acquired 6,098,494 common shares at an average cost of approximately C$35.70 per share. Lundin Mining is a Canadian mining company headquartered in Vancouver with three operating mines in Brazil and Chile, and its shares trade on the Toronto Stock Exchange under LUN and on Nasdaq Stockholm under LUMI.
Emerita Resources Delays Iberian Belt West PFS Release for Expanded Review
Emerita Resources Corp. says its Preliminary Feasibility Study for the Iberian Belt West Project is well advanced and currently in final review, but the release will come later than previously indicated. Following a review by the company's recently updated Board of Directors, which also established a Technical Committee of independent Directors, Emerita has expanded the final review process to include additional technical and quality assurance oversight. The company said this expanded review is more comprehensive than previously planned and is the primary reason for the change from its previously indicated timing for release of the PFS. The objective is to provide an additional level of technical scrutiny and confidence in the results ultimately published for shareholders and other stakeholders. Based on the current work plan, Emerita expects to complete the review and release the PFS in the coming weeks.
Ameriwest Plans $500,000 Private Placement and $100,000 Sale of Xeno Rare Earth Property
Ameriwest Critical Metals Inc. announced a non-brokered private placement of up to $500,000 and a separate agreement to sell its Xeno Rare Earth Property in British Columbia for $100,000 in cash. The private placement consists of approximately 1,923,077 common shares at $0.26 per share, with no warrants or finders' fees attached, and remains subject to Canadian Securities Exchange approval and a four-month-plus-one-day statutory hold period. The Xeno sale, struck with an arm's-length individual, covers the company's 100% interest in the property, which comprises two mineral claim units totaling roughly 784.31 hectares about 140 kilometres east of Dease Lake, and is subject to regulatory approval with no finder's fee payable. Ameriwest said proceeds from both transactions will fund exploration and permitting at its Bornite Project in Oregon, a high-grade underground copper, gold and silver deposit, as well as general working capital. Chief Executive Officer David Watkinson said the transactions strengthen the company's treasury as it advances Bornite, and closing of both is expected in the coming days.
Critical Materials & Supply Chain › Copper Capital
Ameriwest Critical Metals Inc. · Capital · Positive Announced a $500,000 private placement and $100,000 sale of the Xeno property to strengthen its treasury for Bornite exploration.
Kobrea Approves US$4 Million BHP-Funded 2026/2027 Exploration Program in Argentina
Kobrea Exploration Corp. announced that the Management Committee under its exploration alliance with BHP Metals Exploration Pty Ltd. has approved a US$4 million Work Program and Budget for the 2026/2027 exploration season at its Western Malargüe Copper Projects in Mendoza Province, Argentina. BHP Metals Exploration will fund the US$4 million program under the alliance agreement, and it will be conducted during the Project Generation Phase. The program is designed to advance known porphyry copper targets and systematically evaluate the broader 733 km² land package for additional prospects. Activities include property-wide geochemical sampling, geological mapping and ground geophysical surveys, as well as diamond drilling at the El Destino copper-gold-molybdenum porphyry prospect, induced polarization at the El Destino and KBX-17 prospects, and property-wide hyperspectral analysis and stream sediment sampling. CEO James Hedalen said the approval allows the company to move into a comprehensive summer field season, combining district-scale exploration with diamond drilling at El Destino, one of the priority targets identified by its technical teams.
Kobrea Exploration Corp. · Capital · Positive Kobrea's management committee approved a US$4 million BHP-funded exploration program including diamond drilling at the El Destino porphyry target
BHP Metals Exploration Pty Ltd · Capital · Positive BHP Metals Exploration will fund the approved US$4 million 2026/2027 exploration program at Kobrea's Western Malargüe copper projects
BHP.LSE · Capital · Positive BHP funds a US$4 million exploration program under its alliance with Kobrea, advancing its copper exploration interests in Argentina
Edge Copper Appoints Sarah Terrell to Board and Brent Arsenault as CFO
Edge Copper Corporation has appointed Sarah Terrell as a director and Brent Arsenault as Chief Financial Officer, both effective October 1, 2026, with Arsenault succeeding retiring CFO Patricia Fong. Terrell brings more than 25 years of international experience in commodities, trading and supply chains, and currently serves as Senior Vice President, Trading and Global Head of Sulfuric Acid at Trammo, Inc., where she has been a director since 2021. Arsenault has more than 18 years of finance and accounting experience, including senior roles at Brio Gold Inc. and Yamana Inc., and has served as a Senior Finance Consultant to Edge Copper since 2025, supporting the CFO transition. Chair and CEO Gil Clausen said Terrell's expertise in international supply chains, commercial development and corporate governance will strengthen the Board as the company advances its 100%-owned Zonia Copper Project in Arizona. President Letitia Wong thanked Fong for her ten years at Edge Copper and said Arsenault's appointment provides continuity as the company continues to progress and grow.
Edge Copper Corporation · Capital · Positive Appoints new CFO Brent Arsenault and director Sarah Terrell, strengthening leadership for the Zonia Copper Project
Brutus Mining Appoints Gordon Robb and Luke van der Meer as Advisors
Brutus Mining Inc. has appointed Gordon Robb and Luke van der Meer as advisors to the company. Robb is Chief Executive Officer and a director of ESGold Corp. and has more than a decade of experience in institutional fixed income and mining capital markets, with prior roles at ICAP, BGC Partners and TMX Group. Van der Meer is a Vancouver-based geological consultant who serves as the company's Qualified Person under National Instrument 43-101 and reviewed the September 17, 2026 news release on the engagement of Palliser Exploration Ltd. for a geochemical soil sampling survey of approximately 1,500 samples at the CW Property, expected to be completed by mid-October 2026. In connection with the appointments, Brutus granted a total of 225,000 stock options under its Equity Incentive Plan, comprising 125,000 options to Robb and 100,000 to van der Meer, each exercisable at $0.80 per common share for two years from the date of grant and subject to a four month hold period. Brutus Mining is a Vancouver-based mineral exploration company whose sole mineral property interest is an option to acquire a 100% interest in the CW Property, five contiguous mineral claims totalling 2,894.56 hectares in the Kamloops Mining Division of British Columbia.
Namib Minerals unit secures $6.5M BancABC term loan for Redwing Mine
Namib Minerals announced that its wholly owned subsidiary, Bulawayo Mining Company (Private) Limited, has secured a non-dilutive $6.5M new term loan facility from African Banking Corporation of Zimbabwe Limited, or BancABC. The new debt facility is in addition to the company's existing term loan and overdraft lines with BancABC, with all credit facilities now consolidated into a single unified structure to optimize working capital and liquidity. Net proceeds from the $6.5M facility will fund Step 3 of the Redwing Mine development, following the early completion of Step 1 dewatering and the fully funded Step 2 Definitive Feasibility Study, which aims to upgrade and extend the asset's resource base. The remaining balance for Step 3 is expected to be funded through the company's broader sequenced financing strategy, with further market updates anticipated in due course.
NAMM · Capital · Positive Namib Minerals' subsidiary secured a $6.5M non-dilutive term loan from BancABC to fund Step 3 of the Redwing Mine development.
Bulawayo Mining Company Limited · Capital · Positive Bulawayo Mining Company, the wholly owned subsidiary, obtained the $6.5M term loan facility to fund Redwing Mine Step 3 development.
African Banking Corporation of Zimbabwe Limited · Capital · Positive BancABC extended a new $6.5M term loan facility and consolidated all credit facilities into a unified structure for the borrower.
Three Points Copper Appoints Nick Tintor to Board of Directors
Three Points Copper Inc. has appointed Nick Tintor as a director of the company, effective September 11, 2026. Tintor is a geologist with more than forty years in the mining industry and holds a B.Sc. in Geology from the University of Toronto. He is a Director of Hercules Metals Corp., where he helped acquire the Leviathan project in Idaho, a copper-molybdenum porphyry discovery in which Barrick Gold made a $24 million strategic investment. He is also a Director of Benz Mining Corp. and Big Ridge Gold Corp., and was co-founder of Blossom Gold Inc., which is developing the Rosebud gold project in Nevada. Earlier in his career, Tintor co-founded Anaconda Mining Inc. and acquired the Pine Cove gold project in Newfoundland, which was brought to production and operated until 2022. President and CEO Nicholas Konkin said Tintor's experience is what the company wants alongside Scott Jobin-Bevans as it restarts and drills its Santa Monica Copper Project in Chile.
Three Points Copper Inc. · Capital · Positive Appoints veteran geologist Nick Tintor to its board as it restarts and drills the Santa Monica Copper Project.
Southern Copper in Talks to Advance $10.2 Billion Mexico Investment
Southern Copper Corporation is in discussions with the administration to advance its $10.2 billion in investments in Mexico, a pipeline the company expects to drive organic growth in the coming years. The company's Mexican copper circuit, which includes the Angangueo and Chalchihuites mines along with the Empalme Smelter, is expected to position it as a fully integrated copper producer. Southern Copper expects construction to begin in the first quarter of 2027 at its new El Pilar copper project in Sonora, with production slated to start in the second half of 2029; El Pilar's copper oxide mineralization holds estimated proven and probable reserves of 317 million tons of ore, an expected 18-year mine life, and projected output of 36,000 tons of copper cathode in 2029. The El Arco mine in Baja California, described as a world-class copper deposit with more than 1,230 million tons in sulfide ore reserves and 141 million tons of leach material, is expected to produce 190,000 ounces of copper in 2030. Southern Copper expects total production to reach 1.056 million tons in 2029 and targets 1.6 million tons by 2035, with Tía María, Los Chancas and Michiquillay in Peru, along with El Pilar, El Arco and other Mexican projects, aiding output in the coming years.
SCCO · Capital · Positive Southern Copper is in talks to advance its $10.2 billion Mexico investment pipeline, driving organic growth.
COPPER · Supply · Positive Southern Copper's planned Mexican copper projects add future copper supply, but the article is about a specific miner's expansion.
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