Base Metals Archives - Page 5 of 97

How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.

Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.

What if you'd invested in Teck Resources Ltd (TECK) ten years ago? It may not have been easy to hold on to TECK for all that time, but if you did, how much would your investment be worth today?

Teck Resources Ltd's Business In-Depth

With that in mind, let's take a look at Teck Resources Ltd's main business drivers.

Vancouver, Canada-based Teck Resources is committed to mining and mineral development with business units focused on copper and zinc. Teck is also a leading producer of lead and a significant producer of specialty metals such as germanium, indium and cadmium. It also produces gold dore and silver. Teck also produces industrial products and fertilizers, which are recovered from its zinc and lead smelting operations in Trail, B.C.

Teck Resources divested its Steelmaking Coal business or Elk Valley Resources (“EVR”) in July 2024. The company categorized it as discontinued operations and restated the revenue and EPS (in CAD) for all quarters of 2023 and for 2024.

Teck Resources is a significant copper producer in the Americas, with four operating mines in Canada, Chile and Peru, and development projects in North and South America. Its main projects are Highland Valley Copper in Canada and Antamina, Quebrada Blanca and Carmen de Andacollo in South America.

Teck Resources is one of the world's largest producers of mined zinc, with three operating mines in the United States and Peru, and it owns one of the world's largest fully integrated zinc and lead smelting and refining facilities located in Canada. Teck produces zinc concentrate from Red Dog Operations in Alaska. In addition to marketing its zinc concentrate around the world, the company’s concentrate team also purchases concentrate from other mines for processing at the Trail operations complex in British Columbia.Teck Resources recently announced a structure in two regional business units – The North America business and The Latin America (LATAM) business.

The North America business unit, includes Highland Valley Copper, Red Dog and Trail operations, and the Galore Creek, Schaft Creek, and New Range copper projects. The LATAM unit, includes Carmen de Andacollo and Quebrada Blanca operations, Teck’s interest in Antamina, and the Zafranal, San Nicolas, and NuevaUnión copper growth projects.In September 2025, Teck Resources entered the merger agreement with Anglo American to form the Anglo Teck group. The new company will boast an industry-leading portfolio, consisting of six world-class copper assets, and premium iron ore and zinc operations.

Bottom Line

Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Teck Resources Ltd a decade ago, you're probably feeling pretty good about your investment today.

According to our calculations, a $1000 investment made in January 2016 would be worth $17,335.55, or a gain of 1,633.55%, as of January 15, 2026, and this return excludes dividends but includes price increases.

Compare this to the S&P 500's rally of 260.42% and gold's return of 313.45% over the same time frame.

Going forward, analysts are expecting more upside for TECK.

Teck Resources reported third-quarter 2025 copper output of around 104,100 tons, a 9.5% decline year over year due to lower-than-expected results at QB and HVC. Ongoing TMF development work is expected to impact production at QB. The company lowered the 2025 copper production guidance to 415,000-465,000 tons, suggesting a 1% dip at the midpoint. Also, due to the outage of the shiploader at QB's port facility, net cash unit costs at QB are expected to be higher than before. Copper prices have gained lately on supply concerns amid solid demand. The long-term prospects for copper remain positive, supported by the clean energy transition trend. Teck Resources entered into a merger agreement with Anglo American plc to form the Anglo Teck group, with a combined annual copper production of 1.2 million tons.

The stock has jumped 17.92% over the past four weeks. Additionally, no earnings estimate has gone lower in the past two months, compared to 6 higher, for fiscal 2025; the consensus estimate has moved up as well.

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Teck Resources Ltd (TECK) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – January 15, 2026) – Corcel Exploration Inc. (CSE: CRCL) (OTCQB: CRLEF) (the "Company" or "Corcel") today announced that Grant Tanaka has been appointed Chief Financial Officer of the Company to replace Kyle Nazareth. Corcel thanks Mr. Nazareth for his contributions and dedication to the Company and wishes him continued success in his future endeavors.

Mr. Tanaka brings over 15 years of financial leadership experience in the mining industry. Grant is the Chief Financial Officer of Vizsla Royalties Corp. and Vizsla Copper Corp. and was a Director, Finance Operations, of Ma'aden Gold & Base Metals Co. Prior to this, he held senior financial positions at Teck Resources Limited, New Gold Inc., Copper Mountain Mining Corporation, and Bisha Mining Share Company, an operating subsidiary of Nevsun Resources Ltd. He has experience at both the corporate and operational levels, having worked throughout North America, Africa and the Middle East in gold, base metals and coal operations.

"We are excited to welcome Grant as our new Chief Financial Officer," commented Corcel CEO, Jon Ward. "Grant brings strong financial leadership and public company experience that will be instrumental as we continue to advance our exploration strategy and position the Company for future growth."

Stock Option Grant

Corcel has granted a total of 2,220,000 stock options ("Options") to directors, officers, employees and consultants of the Company, with each Option exercisable at a price of $0.265 to acquire one common share of the Company until January 15, 2031 and having vested immediately.

About Corcel Exploration Inc.

Corcel is a mineral resource company engaged in the acquisition and exploration of precious and base metals properties throughout North America. The Company has entered a long-term lease agreement to acquire the Yuma King Copper-Gold project in Arizona, which spans a district-scale land position of 3,200 hectares comprising 515 unpatented federal mining claims in the Ellsworth Mining District, including the past-producing Yuma Mine which saw underground production of copper, lead, gold and silver between 1940 and 1963. The Company also holds an option to acquire a 100% undivided right, title, and interest in and to the Peak gold exploration project and holds a 100% interest in the Willow copper project. For more information, please visit our website at https://corcelexploration.com/.

For further information contact:

Jon Ward, CEOEmail: info@corcelexploration.comTel: (604) 355-0303

Caution Regarding Forward-Looking Information

This news release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends. Assumptions may prove to be incorrect and actual results and future events may differ materially from those anticipated. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward‐looking statements".

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280478

FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.

What if you'd invested in Southern Copper (SCCO) ten years ago? It may not have been easy to hold on to SCCO for all that time, but if you did, how much would your investment be worth today?

Southern Copper's Business In-Depth

With that in mind, let's take a look at Southern Copper's main business drivers.

Phoenix, AZ-based Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals. The company conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.

Southern Copper has the largest copper reserves in the industry and operates high-quality, world-class assets in investment grade countries, such as Mexico and Peru.

Southern Copper reports results under three reportable segments. Each consist of a groups of mines with similar economic characteristics, type of products, processes and support facilities, regulatory environments as well as employee bargaining contracts.Peruvian operations (around 36% of the company's revenues) includes the Toquepala and Cuajone mine complexes and the smelting and refining plants, industrial railroad and port facilities that service both mines. The Peruvian operations produce copper, with significant by-product production of molybdenum, silver and other materials.Mexican Open-Pit (58% of revenues) includes La Caridad and Buenavista mine complexes, the smelting and refining plants and support facilities, which service both mines. The Mexican open pit operations produce copper, with significant by-product production of molybdenum, silver and other materials.Mexican underground operations (6% of revenues) (IMMSA unit) includes five underground mines that produce zinc, lead, copper, silver and gold, a coal mine which produces coal and coke, and several industrial processing facilities for zinc, copper and silver.

The geographic breakdown of the company’s sales is as follows – Americas (50% of revenues), Europe (32%) and Asia (18%).Approximately 80% of the company’s revenue come from the sale of copper, 6% from molybdenum and 10% from silver and zinc.

Bottom Line

Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Southern Copper, if you bought shares a decade ago, you're likely feeling really good about your investment today.

According to our calculations, a $1000 investment made in January 2016 would be worth $7,775.00, or a gain of 677.50%, as of January 14, 2026, and this return excludes dividends but includes price increases.

Compare this to the S&P 500's rally of 268.40% and gold's return of 309.27% over the same time frame.

Analysts are anticipating more upside for SCCO.

Southern Copper's performance is set to benefit from ongoing strength in metal prices. Increased output of silver, zinc and molybdenum is expected to largely offset a modest decline in copper production, although elevated operating costs remain a concern. Copper demand continues to be robust, supported by U.S. infrastructure spending and the global shift toward clean energy. An anticipated supply deficit should provide additional price support. The recent designation of copper and silver as critical minerals further highlights their strategic importance. Backed by extensive copper reserves and more than $15 billion in investments across Peru and Mexico over the decade, Southern Copper is well positioned for long-term growth. Its initiatives to reduce debt are also encouraging. The earnings estimates for the company have moved up lately.

Shares have gained 24.31% over the past four weeks and there have been 2 higher earnings estimate revisions for fiscal 2025 compared to none lower. The consensus estimate has moved up as well.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Southern Copper (SCCO), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Southern Copper currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?

In order to see if SCCO is a promising momentum pick, let's examine some Momentum Style elements to see if this miner holds up.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For SCCO, shares are up 14.68% over the past week while the Zacks Mining – Non Ferrous industry is up 8.87% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 24.31% compares favorably with the industry's 24.1% performance as well.

While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics — such as performance over the past three months or year — can be useful as well. Shares of Southern Copper have increased 35.89% over the past quarter, and have gained 82.89% in the last year. In comparison, the S&P 500 has only moved 4.96% and 20.67%, respectively.

Investors should also pay attention to SCCO's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. SCCO is currently averaging 1,353,884 shares for the last 20 days.

Earnings Outlook

The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with SCCO.

Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost SCCO's consensus estimate, increasing from $5.15 to $5.27 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom Line

Taking into account all of these elements, it should come as no surprise that SCCO is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Southern Copper on your short list.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

PERTH, Australia, January 14, 2026–(BUSINESS WIRE)–Rio Tinto and BHP have agreed to work together to extract up to 200 million tonnes of iron ore at their neighbouring Yandicoogina and Yandi iron ore operations in the Pilbara.

Under two non-binding Memoranda of Understanding (MOUs), the companies will explore the potential for:

Collaboration on the development of Rio Tinto’s Wunbye deposit; and
BHP to supply its Yandi Lower Channel Deposit ore to Rio Tinto for processing at its existing wet plants under agreed commercial terms.

These new opportunities build on a 2023 agreement between Rio Tinto and BHP to mine the Mungadoo Pillar, which allowed mining of ore from the shared tenure boundary that was previously inaccessible.

Rio Tinto Iron Ore Chief Executive Matthew Holcz said: "By working smarter, we can better leverage existing infrastructure to unlock additional production with minimal capital requirements.

"Together we will extend the life of these operations, create additional value, and further support Western Australian jobs and local communities."

BHP WA Iron Ore Asset President Tim Day said: "This is a clear example of productivity in action – unlocking new opportunities by making the most of our existing resources.

"By sharing our expertise and infrastructure we will create new value and deliver benefit to our people, partners, customers and communities."

Rio Tinto and BHP have agreed to progress a conceptual study followed by an order of magnitude study. Subject to a final investment decision, first ore from both deposits is anticipated early next decade.

Any potential implementation would be subject to regulatory and joint venture approvals, and engagement with Traditional Owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260114415776/en/

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, United KingdomMatthew KlarM +44 7796 630 637 David OuthwaiteM +44 7787 597 493

Media Relations, Australia Matt Chambers M +61 433 525 739Alyesha AndersonM +61 434 868 118Rachel Pupazzoni M +61 438 875 469Bruce Tobin M +61 419 103 454

Media Relations, Canada Simon Letendre M +1 514 796 4973Malika Cherry M +1 418 592 7293Vanessa Damha M +1 514 715 2152

Media Relations, US & Latin America Jesse Riseborough M +1 202 394 9480

Investor Relations, United Kingdom Rachel Arellano M +44 7584 609 644David Ovington M +44 7920 010 978Laura Brooks M +44 7826 942 797Weiwei Hu M +44 7825 907 230

Investor Relations, Australia Tom Gallop M +61 439 353 948Eddie Gan-OchM +61 477 599 714

Rio Tinto plc 6 St James’s SquareLondon SW1Y 4ADUnited KingdomT +44 20 7781 2000Registered in EnglandNo. 719885

Rio Tinto Limited Level 43, 120 Collins StreetMelbourne 3000AustraliaT +61 3 9283 3333Registered in AustraliaABN 96 004 458 404

riotinto.com

Category: Pilbara

Vancouver, British Columbia–(Newsfile Corp. – January 14, 2026) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to report the discovery of near-surface gold mineralization in all three step-out holes, 1.5 km from the Pelham Resource, in the previously untested new South-Pelham Zone (see Figure 1). The recent drill program tested an IP chargeability anomaly coincident with bedrock sulphide occurrences and areas with anomalous gold values within trenches related to previous exploration by Teck Resources Limited ("Teck") in 2007 and 2008. The drill holes intersected multiple zones of disseminated pyrite with associated gold mineralization at downhole depths ranging from 27.5 to 201 meters (see Table 1), similar to the mineralization in the Pelham Zone. Mineralization is open to expansion in multiple directions. The correlation of gold mineralization with Fe-sulphide minerals and IP chargeability anomalies in both the Pelham and South-Pelham zones provides encouragement for drill testing of the many other IP anomalies that lie along a 2.5km north-south trend within the central property area.

The Company also tested the metallic screening process for high gold assays on previously analyzed core samples. The metallic screened assay for one 1.5m core sample from a 2022 drill hole core yielded a gold value of 81.5 g/t (120-121.5m in DP22-03), which is 42% higher compared to the original 57.3 g/t assay. Additional testing will be carried out on the high-grade samples from the Pelham zone. More assay results are expected in the coming weeks.

Ivy Chong, President and CEO, commented, "The 2025 exploration objectives were to discover additional zones of mineralization both similar and proximal to the Pelham zone. This initial near-surface discovery in the South Pelham zone is highly encouraging as all three holes, for which assay results have been received, intersected mineralization within the first 50 meters of surface, confirming the widespread mineralization in this part of the property. It paves the way for additional drilling in 2026 to unlock the Thundercloud value beyond the Pelham Zone."

Drill hole TC25-01 was positioned approximately 100 meters southeast of TC24-06 to test whether the mineralization in that hole was indicated by the projected southwestward extension of the IP chargeability anomaly. Hole TC25-03, positioned 100 meters southeast of TC25-01, was designed to test high-sulphide bedrock occurrences discovered earlier in the 2025 summer mapping program where a rock chip sample returned 2.35 g/t gold (5334204E, 547037N). The high-sulphide outcrops are located within IP chargeability anomalies. TC25-03 is interpreted to have intersected the down-dip extension of the sulphide occurrences. TC25-04, positioned approximately 300 meters southeast of TC25-03, targeted Teck's trench T1 (2007); this hole confirmed widespread pyrite occurrences and anomalous gold mineralization in this area (see Figure 1).

Figure 1. Location of 2025 Phase 1 Drill Holes near high-sulfide showings

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7227/280332_f6f01334c4614b6f_001full.jpg

Hole TC25-01 (-45.5° inclination) intersected a wide zone of 10 to 25% disseminated to stringer, and fracture-fill pyrite at a downhole depth from 40.6 to 46.6 meters, assaying 1.37 g/t over 6 meters. The mineralization is hosted within a mixed sequence of altered mafic volcanic and derived fine-grained sedimentary rocks characterized by distinctively coloured, hematitic alteration and silicification. The heavily pyritized zone is flanked by adjacent intervals containing 1 to 5% pyrite, giving an overall mineralized width of 13.0 meters (36.3m to 49.6m), assaying 0.68 g/t.

Hole TC25-03 (-46° inclination) confirmed further easterly, down-dip extension of the sulphide zone, with a 9-meter interval, between 38.0 and 47.0 meters, at 0.54 g/t gold. Mineralization is characterized by patchy, 5-10% disseminated and fracture-fill pyrite, with localized concentrations up to 15%. The host rock sequence is composed of mixed mafic volcanic and volcaniclastic to sedimentary rocks, showing similar tan to slightly maroon hematitic staining with overprinting silicification. The upper limit of the mineralized zone is defined by a quartz-porphyry intrusive contact. However, a 1.5-meter section of the porphyry between 41.0 and 42.5 meters contains 1-2% pyrite and assayed at 2.16 g/t gold.

A second sulphide-rich zone, 10.7 meters wide, occurs between 87.0- and 97.6-meters depth and has similar-style pyrite mineralization, with subordinate pyrrhotite and chalcopyrite, within silicified and carbonate-altered mafic volcanic rocks.

Hole TC25-04 (-45° inclination), the furthest south, located 300 meters south of Holes TC-25-03, targeted an outlying, or second IP chargeability anomaly and a former trench site where historical grab sample assay results of up to 0.596 g/t gold were obtained. The deeper part of the drill-hole tested an area below a cluster of historical soil geochemical anomalies with analytical values of up to 0.5 g/t gold, as reported by Teck in 2008. Core from this drill-hole contained numerous, narrow to broad zones of silicification containing low to moderate amounts of pyrite mineralization (2-7%), with localized concentrations of up to 20% pyrite over narrow widths (2-20cm), throughout most of its length.

Table 1. 2025 Thundercloud Drill Intercepts Highlights (and Metallic Screen Assay)

Hole Number	Zone	East_NAD83	North_NAD83	From (m)	To (m)	Interval (m)	Au (g/t)
DP22-03	Pelham	534264	5471423	120	121.5	1.5	81.5
TC25-01	S. Pelham	534211	5470442	0	36.6	36.6	Not Assayed
				36.6	49.6	13	0.68
Including:				40.6	46.6	6	1.37
TC25-03	S. Pelham	534279	5470390	0	38.0	38	Not Assayed
				38.0	47.0	9	0.57
Including:				41.0	42.5	1.5	2.16
TC25-04	S. Pelham	534380	5470147	0	27.5	27.5	Not Assayed
				27.5	30.5	3	0.74
Including:				27.5	29.0	1.5	1.83
				30.5	72.85	42.35	Not Assayed
And				112.2	127.93	15.73	0.54
Including:				112.2	118	5.8	1.00
				112.2	116.7	4.5	1.26
				113.4	114.9	1.5	1.28
				115.4	116.7	1.3	2.45
				119.04	120.54	1.5	1.28
And				140.9	142.73	1.83	0.95
And				199.6	201.2	1.6	1.54

Core recovery was close to 100%. True width is unknown.

Drill core that was not assayed but is contiguous to gold value samples will be cut and sampled.

Quality Assurance & Quality Control

Core was logged, sample intervals selected, and sawn at the property site under the supervision of the Company's consulting geologist. Samples were securely transported and personally delivered to Actlab in Dryden, Ontario, for Au-AA23 gold fire assays and ME-ICP61 multi-element packages for minor element analyses. OREAS standards, blanks, and duplicates were inserted into the sample stream to verify the comparative accuracy of the gold assays received. Following standard crush and grind sample preparation, samples were analyzed for gold by fire-assay methods and multi-element geochemical analysis using a 4-acid-dissolution.

The technical content of this press release has been reviewed and approved by Peter Holbek, MSc., P.Geo, an independent consultant to the Company and a "Qualified Person" ("QP") as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian mineral exploration company currently focused on gold exploration in North America. Its 100%-owned Thundercloud property is situated within the Archean Manitou-Stormy Lakes Greenstone Belt, in northwestern Ontario. The Company is currently drilling to expand the NI 43-101 gold resource. A NI 43-101 Resource Estimate Report can be found on the Company's and SEDAR websites. The 100% owned Golden Repeat gold project in the Midas gold camp in Elko County, Nevada shares similar geological features as the Midas Gold mine and is surrounded by a number of large-scale operating mines. For more information, please visit the Company's website at www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"_____________Ivy Chong, President & CEO

For additional information please contact:Vancouver Office:Ivy ChongPhone: 604.633.2100Email: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280332

European equities traded in the US as American depositary receipts were heading slightly higher late

Ontario is fast-tracking Canada Nickel Co.‘s proposed open-pit nickel mine under its streamlined permitting review known as One Project, One Process.

The Crawford Nickel Project — a proposed open-pit nickel mine north of Timmins, Ont., with two potential ore-processing plants and new electrical infrastructure — is the only project that both the Ontario and federal governments have endorsed for potential fast-track permitting.

Canada Nickel is hoping to begin construction of the mine by the end of 2026, with a timeline that has first nickel production around the end of 2028. The company has marketed itself as an alternative to Indonesian nickel miners, which supply more than 61 per cent of the metal globally, and has received investments from several major miners, including Toronto-based Agnico Eagle Mines Ltd.

“Today’s announcement strengthens our commitment to commencing construction by yearend,” Canada Nickel chief executive Mark Selby said.

Ontario announced its One Project, One Process permit framework in the fall, saying it would cut permitting times for selected projects in half by appointing a team at the Ministry of Energy and Mines to act as a single point of contact for all provincial permits and Indigenous consultations.

Canada Nickel is the second project selected for the framework after Frontier Lithium Inc.’s proposed mine near Red Lake, Ont., was selected in October.

“In 2026, our government is going full tilt to unlock one of the world’s largest nickel deposits that will supercharge our economy and help end China’s critical mineral dominance,” Minister of Energy and Mines Stephen Lecce said in a release.

In November, the Crawford project was among the second tranche of projects that Tim Hodgson, federal minister of energy and natural resources, referred to the newly created Major Projects Office (MPO) for further review.

The MPO provides a single point of contact for permitting review and includes an Indigenous Advisory Council, which Natural Resources Canada said in a press release will “ensure that reconciliation, partnership and Indigenous economic participation are embedded in the way major projects are advanced in Canada.”

Selby said he has been consulting with nearby Indigenous groups for years on the Crawford Lake project, and his company has already signed support agreements with the Mattagami, Matachewan and Flying Post First Nations.

It also struck an agreement with the Taykwa Tagamou Nation, which holds converted notes that can be exercised for equity in the project.

The project also gained attention because it is located in an established mining district that already has major infrastructure in place.

With nickel demand rising as a result of growing electric vehicle and battery demand, Canada Nickel has raised tens of millions of dollars to explore for nickel, discovering 9.2 million tonnes of measured and indicated nickel in total.

Based on the company’s studies, Crawford could become the world’s third-largest nickel sulphide operation and have a proposed mine life of 41 years.

Canada Nickel still needs to raise money to pay for mine construction and other facilities, but it has received investments, including from major miners. In 2023, London-based Anglo-American PLC — which is in the process of merging with Vancouver-based Teck Resources Ltd. to form Anglo Teck — invested $24 million for a 9.9 per cent stake.

• Email: gfriedman@postmedia.com

The European stock markets closed mostly higher in Monday trading as The Stoxx Europe was up 0.16%, Germany's DAX gained 0.57%, the FTSE 100 rose 0.16%, and the Swiss Market Index edged 0.02% higher, while France's CAC was off 0.04%.

Seasonally adjusted services production increased 0.3% in both the euro area and the EU in October, compared with September, according to preliminary estimates from Eurostat, the statistical office of the EU. Compared with a year earlier, services production increased 2.1% in both the euro area and the EU.

In Switzerland, the consumer sentiment index for December was -31 points, which was little changed from a year earlier, according to the State Secretariat for Economic Affairs. Analysts were expecting a reading of -34, according to Bloomberg.

And in corporate news, BHP will wait out merger talks between Rio Tinto and Glencore, and it is not currently planning a bid for Glencore, Reuters reported Monday, citing two people familiar with the matter.

BHP didn't immediately reply to a request for comment from MT Newswires.

Shares of BHP rose 2.5% in London, while Rio Tinto and Glencore shares increased 2.2% and 3.5% respectively.

The French finance ministry said that Eli Lilly has not contacted it about a potential bid to acquire French biotech firm Abivax, which is compulsory for pharmaceutical companies under the country's investment screening rules, Bloomberg reported Monday.

French media outlet La Lettre reported Monday that Eli Lilly was preparing a 15-billion-euro ($17.53 billion) takeover offer for the company.

Abivax and Lilly didn't immediately respond to MT Newswires' requests for comment.

Shares of Abivax were up 5% in Paris.

BBVA is trying to sell 380 million euros ($443.9 million) worth of mortgages as part of an effort to clear its balance sheet, Bloomberg reported on Monday, citing a document.

The Spanish bank is in talks with investors over loans tied to about 3,900 properties, according to the document, which outlines a project called Terral.

BBVA declined to comment to MT Newswires.

Shares of BBVA increased 1.8% in Madrid.

HSBC said Monday that it has launched a United Arab Emirates asset management unit.

The British lender said it also registered 10 new onshore investment funds with the UAE's Securities & Commodities Authority.

The onshore funds will provide strategies that are domiciled in the UAE and managed by HSBC Asset Management, the company said.

Shares of HSBC were up 0.7% in London.

Southern Copper (SCCO) shares rallied 6.2% in the last trading session to close at $170.52. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 8.8% gain over the past four weeks.

Southern Copper’s shares have gained on the back of higher copper prices. Copper has increased 39.2% in a year’s time and is currently trading near a record high of $6 per pound despite amid tightening supply concerns. Expectations of additional rate cuts this year and further policy easing in China is aiding the metal.

This miner is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of +44.6%. Revenues are expected to be $3.62 billion, up 30.1% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Southern Copper, the consensus EPS estimate for the quarter has been revised 17.2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on SCCO going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Southern Copper is a member of the Zacks Mining – Non Ferrous industry. One other stock in the same industry, First Quantum Minerals (FQVLF), finished the last trading session 4.2% higher at $28.52. FQVLF has returned 11.5% over the past month.

First Quantum Minerals' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.05. Compared to the company's year-ago EPS, this represents a change of +25%. First Quantum Minerals currently boasts a Zacks Rank of #3 (Hold).

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This article first appeared on GuruFocus.

Rio Tinto (NYSE:RIO) appears to have finished 2025 firing on all cylinders. The miner reportedly set a new quarterly shipment record in the December quarter, delivering about 90.8 million tonnes and topping its previous high from 2017.

That late year push helped Rio land squarely within its full year targets. Total shipments for 2025 came in at roughly 326 million tonnes, comfortably inside its guidance range of 323 million to 338 million tonnes, according to The West Australian. It's a sign that operations in Western Australia stayed steady and efficient right through year end.

The report described a closely fought race among the big iron ore players. Rio edged ahead on quarterly shipments, while rival BHP was also ramping output despite ongoing tensions with China. Adding another wrinkle, Rio has confirmed early stage discussions with Glencore.

Teck Resources (TSX:TECK.B) has drawn fresh interest after recent share price moves, with the stock last closing at CA$68.99. For investors, the focus now is how this valuation lines up with current fundamentals.

See our latest analysis for Teck Resources.

Recent trading has been strong, with a 30 day share price return of 14.35% and a 90 day share price return of 17.65%, while the 1 year total shareholder return of 14.70% and 5 year total shareholder return of 196.39% point to momentum that investors are now weighing against Teck Resources’ current valuation.

If Teck Resources is on your radar because of this recent share price strength, it could also be a good time to widen the lens and look at aerospace and defense stocks as a different corner of the market that is getting attention.

With Teck Resources now trading around CA$68.99 and showing strong multi year returns, the key question for you is whether the current price already reflects its prospects or whether the market is leaving a potential buying window open.

Most Read from Bloomberg Businessweek

Rio Tinto Group RIO has been benefiting from an increase in the production of copper, supported by strong performance across its assets. In the third quarter of 2025, the company’s copper production (on a consolidated basis) increased 10% year over year.Rio Tinto’s growth projects are advancing at a healthy pace. For instance, in December 2025, RIO produced the first copper from the Johnson Camp mine in Arizona, leveraging its Nuton Technology. The successful deployment of Rio Tinto’s Nuton technology facilitates copper production that's cleaner, faster and more efficient at an industrial scale.The successful deployment at the Johnson Camp mine involves designing and delivering a technology package for a heap leach pad, targeting around 30,000 tons of refined copper production within a four-year demo period. Employing Nuton, Rio Tinto aims to produce copper with the lowest carbon footprint in the United States at the Johnson Camp.Rio Tinto is also working with U.S. customers to boost domestic copper supply. The company’s total copper production in 2025 is expected to reach the higher end of its guidance (780-850 kt). This is supported by the solid ramp-up at the Oyu Tolgoi site and strong performance at the Kennecott mine.

Business Performance of RIO's Peers

Among its major peers, Southern Copper Corporation SCCO has the largest copper reserves in the industry and operates high-quality, world-class assets in investment-grade countries, such as Mexico and Peru. Southern Copper targets copper production of 958,800 tons for 2025. Southern Copper’s Pilares project, which reached full capacity last year, is expected to contribute significant production of copper this year.Another peer, BHP Group BHP, reported record copper output of 2,017 kt for fiscal 2025, up 8% year over year, crossing the 2,000 kt mark for the first time. BHP has delivered a 28% increase in copper output over the past three years, reflecting its ongoing investments to build its copper portfolio. BHP expects copper production to range between 1,800 and 2,000 kt in fiscal 2026.

RIO's Price Performance, Valuation and Estimates

Shares of Rio Tinto have gained 43.1% in the past year compared with the industry’s growth of 44.8%.

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From a valuation standpoint, RIO is trading at a forward price-to-earnings ratio of 11.90X, below the industry’s average of 17.20X. Rio Tinto carries a Value Score of B.

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The Zacks Consensus Estimate for RIO’s 2025 earnings has been on the rise over the past 60 days.

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Rio Tinto currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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In recent days, global copper prices hit an all‑time high above US$13,000 a ton as investors raced to secure supply amid escalating tariff and geopolitical risks.
This surge in copper, driven by demand from electric vehicles, renewables, AI and data centers, has put fresh focus on Southern Copper’s role as a large, low‑cost producer with major reserves in Peru and Mexico.
We’ll now examine how record copper prices, against a backdrop of potential future U.S. import tariffs, may reshape Southern Copper’s investment narrative.

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Southern Copper Investment Narrative Recap

To own Southern Copper today, you need to believe copper remains central to long term electrification and data infrastructure, and that the company can keep converting its large, low cost reserves into strong cash generation. Record copper prices above US$13,000 a ton support this narrative, but also sharpen the immediate focus on U.S. import tariff risk, which could pressure future U.S. profitability, and on rising operating costs that may eat into margins if price momentum cools.

Against this backdrop, Southern Copper’s recent 2025 earnings reports, showing higher sales and net income versus the prior year, stand out as most relevant. They frame how current copper strength is flowing through to actual results and help investors judge whether the valuation already reflects these elevated prices, especially with substantial capital spending plans and Latin American political risks still in play.

Yet even with copper at record levels, investors should be aware that potential U.S. tariffs on copper imports could…

Read the full narrative on Southern Copper (it's free!)

Southern Copper's narrative projects $13.0 billion revenue and $4.3 billion earnings by 2028.

Uncover how Southern Copper's forecasts yield a $118.29 fair value, a 26% downside to its current price.

Exploring Other PerspectivesSCCO 1-Year Stock Price Chart

Four members of the Simply Wall St Community currently estimate Southern Copper’s fair value between US$97.21 and US$172.32, underscoring how far opinions can diverge. When you set these views against tariff uncertainty and the recent spike in copper prices, it becomes even more important to compare several perspectives before deciding how this volatility might affect the company’s performance.

Explore 4 other fair value estimates on Southern Copper – why the stock might be worth as much as 7% more than the current price!

Build Your Own Southern Copper Narrative

Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

A great starting point for your Southern Copper research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
Our free Southern Copper research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Southern Copper's overall financial health at a glance.

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Companies discussed in this article include SCCO.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Investors may be wondering whether Southern Copper’s current share price aligns with its underlying value, or if expectations have already been priced in.
The stock last closed at US$160.55, with returns of 11.9% over 7 days, 14.4% over 30 days, 8.0% year to date, 79.3% over 1 year, 149.3% over 3 years, and 196.9% over 5 years. This naturally raises questions about what is already baked into the price.
Recent attention on Southern Copper has been shaped by ongoing discussion around global copper demand, supply constraints and how producers are positioned as capital markets track resource companies more closely. These themes have put valuation front and center for investors who are trying to separate sentiment from fundamentals.
On our framework, Southern Copper currently scores 0/6 on undervaluation checks. Next, we will walk through common valuation approaches such as discounted cash flow (DCF) analysis and multiples, then finish with a more holistic way to think about what the market might be pricing in.

Southern Copper scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: Southern Copper Discounted Cash Flow (DCF) Analysis

A DCF model takes estimates of a company’s future cash flows, then discounts them back to today’s dollars to arrive at an estimate of what the business might be worth per share right now.

For Southern Copper, the model used is a 2 Stage Free Cash Flow to Equity approach, based on cash flow projections. The latest twelve month free cash flow is about $3.44b. Analyst inputs and subsequent extrapolations extend out to 2035, with a projected free cash flow of $4.94b in 2030 and further estimated values thereafter, all expressed in US$.

When all those projected cash flows are discounted back and allocated to shareholders, the model arrives at an estimated intrinsic value of about $97.21 per share. Compared with the recent share price of $160.55, this suggests the stock is around 65.2% above this DCF-based estimate of value.

Result: OVERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Southern Copper may be overvalued by 65.2%. Discover 878 undervalued stocks or create your own screener to find better value opportunities.

SCCO Discounted Cash Flow as at Jan 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Southern Copper.

Approach 2: Southern Copper Price vs Earnings

For a profitable company like Southern Copper, the P/E ratio is a useful way to gauge how much you are paying for each dollar of earnings. It links the share price directly to current profits, which many investors watch closely.

What counts as a “normal” P/E depends on what the market expects for future growth and how risky those earnings appear. Higher expected growth or lower perceived risk can justify a higher P/E, while lower growth or higher risk usually calls for a lower multiple.

Southern Copper currently trades on a P/E of 34.4x. That sits above both the Metals and Mining industry average P/E of 27.2x and the peer average of 26.4x, so the stock is pricing in stronger or more dependable earnings than these benchmarks suggest.

Simply Wall St’s Fair Ratio for Southern Copper is 25.2x. This is a proprietary P/E level that reflects factors such as the company’s earnings growth profile, profit margins, industry, market cap and specific risks. Because it blends these elements, it aims to be more tailored than a simple comparison with peers or the broad industry.

Comparing the current P/E of 34.4x with the Fair Ratio of 25.2x indicates that, on this metric, Southern Copper screens as overvalued.

Result: OVERVALUED

NYSE:SCCO P/E Ratio as at Jan 2026

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Upgrade Your Decision Making: Choose your Southern Copper Narrative

Earlier we mentioned that there is an even better way to understand valuation, so Narratives on Simply Wall St let you attach a clear story about Southern Copper to the actual numbers by linking your view of its projects, copper market conditions and risks to explicit forecasts for revenue, earnings, margins and a fair value, then comparing that fair value with today’s price to help you decide whether the stock suits you at current levels. All of this is inside an accessible tool on the Community page that updates automatically when new information such as earnings or news arrives. One investor might build a bullish Southern Copper Narrative closer to the US$128.70 price target using assumptions like revenue of US$13.0b, earnings of US$4.8b, a P/E around 22.2x and a fair value near the current US$118.29 estimate. Another might build a more cautious Narrative nearer the US$66.63 target using earnings of US$3.5b and a lower implied value. Both can see in real time how their story maps into numbers and how far their fair value sits above or below the latest share price.

Do you think there’s more to the story for Southern Copper? Head over to our Community to see what others are saying!

NYSE:SCCO 1-Year Stock Price Chart

Companies discussed in this article include SCCO.

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VANCOUVER, BC, Jan. 9, 2026 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the completion of the previously announced sale of its subsidiary Lundin Mining US Ltd. which indirectly holds the Eagle mine and Humboldt mill to Talon Metals Corp. ("Talon"). At closing, Lundin Mining received 275,152,232 common shares of Talon which, together with the shares previously held by the Company, represents approximately 19.86% of the issued and outstanding shares of Talon (the "Transaction"). The implied valuation of the share consideration is approximately US$127.0 million, based on the five-day volume-weighted average share price of Talon as of January 8, 2026.

Jack Lundin, President and CEO, commented "We are pleased to see this transaction successfully completed and are confident that the alignment of these assets and the complementary skill sets of the teams will lead to sustained value generation in the region for all stakeholders involved. We look forward to supporting Darby and the rest of the Talon team on this exciting new journey. With this milestone completed, Lundin Mining is positioned as pure-play copper company with our existing operations along with a clear growth strategy to become a global top-ten copper producer through the development of the Vicuña District."

Darby Stacey, CEO, Talon, commented "I want to thank Lundin Mining for the leadership, support, and guidance over the past 13 years that has enabled the Eagle team to confidently take on the next challenge. Together with the established and successful Talon Metals team, I am genuinely excited about the future and what we will accomplish. Congratulations to everyone involved that made this happen!"

Under the terms of the Transaction, as consideration Lundin Mining received 275,152,232 shares, representing approximately 18.61% of Talon's issued and outstanding shares on a non-diluted basis. Prior to the Transaction, the Company beneficially owned 18,502,906 shares, representing approximately 1.57% of the issued and outstanding shares on a non-diluted basis. Upon completion of the Transaction, the Company beneficially owns 293,655,138 shares, representing approximately 19.86% of the issued and outstanding shares of Talon.

Talon Early Warning Disclosure

In connection to the Transaction, Lundin Mining and Talon entered into (i) an investor rights agreement whereby, among other things, Lundin Mining is entitled to certain director nomination and anti-dilution rights and (ii) a lock-up agreement restricting the acquisition, sale and disposition of Talon shares for a period of up to 24 months. The acquisition was for investment purposes. The Company may, from time to time, acquire additional securities of Talon, dispose of some or all of the existing or additional securities or may continue to hold its shares.

This press release is issued pursuant to the early warning provisions of Canadian securities legislation. To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see Talon's profile on the SEDAR+ website at www.sedarplus.ca.

Lundin Mining's head office is located at 1055 Dunsmuir, Suite 2800, Vancouver, British Columbia, V7X 1L2. Talon is listed on the TSX and its head office is located at Craigmuir Chambers, P.O. Box 71, Road Town Tortola, Virgin Islands British.

About Lundin Mining

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce commodities that support modern infrastructure and electrification. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world's largest copper, gold, and silver projects in the Vicuña District on the border of Argentina and Chile, where we hold a 50% interest. Lundin Mining has a proven track record of value creation through resource growth, operational excellence, and responsible development. The Company's shares trade on the Toronto Stock Exchange (LUN) and Nasdaq Stockholm (LUMI). Learn more at www.lundinmining.com.

The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on January 9, 2026 at 6:00 Pacific Time.

Cautionary Statement on Forward-Looking Information

Certain of the statements made and information contained herein are "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the Company's and Talon's respective plans, prospects and business strategies; statements regarding the Transaction, including the expected benefits of the Transaction for the Company and Talon and the anticipated synergies associated with the Transaction; Lundin Mining's plans relating to its ownership interest in Talon following closing of the Transaction; the anticipated benefit of the Transaction to Lundin Mining's shareholders; and expectations for other economic, business, and/or competitive factors. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking information.

Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that that Talon's post-closing results of operations will be consistent with past performance and management expectations in relation thereto; the ability of Talon to achieve post-closing goals and identify and realize post-closing opportunities; that the political environment in which the Company and Talon operate will continue to support the development and operation of mining projects; that the Company can access financing, appropriate equipment and sufficient labour; assumed and future price of copper, gold, zinc, nickel and other metals; anticipated costs; currency exchange rates and interest rates; ability to achieve goals; the prompt and effective integration of acquisitions and the realization of synergies and economies of scale in connection therewith; that the political, economic, permitting and legal environment in which the Company operates will continue to support the development and operation of mining projects; timing and receipt of governmental, regulatory and third party approvals, consents, licenses and permits and their renewals; positive relations with local groups; the accuracy of Mineral Resource and Mineral Reserve estimates and related information, analyses and interpretations; and such other assumptions as set out herein as well as those related to the factors set forth below. While these factors and assumptions are considered reasonable by Lundin Mining as at the date of this document in light of management's experience and perception of current conditions and expected developments, such information is inherently subject to significant business, economic, political, regulatory and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information and undue reliance should not be placed on such information. Such factors include, but are not limited to: the failure to realize the anticipated benefits of the Transaction; reputation risks related to negative publicity with respect to the Company, Talon or the mining industry in general; delays or the inability to obtain, retain or comply with permits; risks relating to the development of the Company's and Talon's respective projects; dependence on international market prices and demand for the metals that the Company produces; political, economic, and regulatory uncertainty in operating jurisdictions, including but not limited to those related to permitting and approvals, nationalization or expropriation without fair compensation, environmental and tailings management, labour, trade relations, and transportation; operating jurisdictions, including but not limited to those related to permitting and approvals, nationalization or expropriation without fair compensation, environmental and tailings management, labour, trade relations, and transportation; risks relating to mine closure and reclamation obligations; health and safety hazards; inherent risks of mining, not all of which related risk events are insurable; risks relating to geotechnical incidents; risks relating to tailings and waste management facilities; risks relating to the Company's indebtedness; challenges and conflicts that may arise in partnerships and joint operations; risks relating to development projects, including Filo del Sol and Josemaria; risks that revenue may be significantly impacted in the event of any production stoppages or reputational damage in Chile; the impact of global financial conditions, market volatility and inflation; business interruptions caused by critical infrastructure failures; challenges of effective water management; exposure to greater foreign exchange and capital controls, as well as political, social and economic risks as a result of the Company's operation in emerging markets; risks relating to stakeholder opposition to continued operation, further development, or new development of the Company's projects and mines; any breach or failure information systems; risks relating to reliance on estimates of future production; risks relating to disputes, litigation and administrative proceedings (including tax disputes) which the Company may be subject to from time to time; risks relating to acquisitions or business arrangements; risks relating to competition in the industry; failure to comply with existing or new laws or changes in laws; challenges or defects in title or termination of mining or exploitation concessions; the exclusive jurisdiction of foreign courts; the outbreak of infectious diseases or viruses; risks relating to taxation changes; receipt of and ability to maintain all permits that are required for operation; minor elements contained in concentrate products; changes in the relationship with its employees and contractors; the Company's Mineral Reserves and Mineral Resources which are estimates only; uncertainties relating to inferred Mineral Resources being converted into Measured or Indicated Mineral Resources; payment of dividends in the future; compliance with environmental, health and safety laws and regulations, including changes to such laws or regulations; interests of significant shareholders of the Company; asset values being subject to impairment charges; potential for conflicts of interest and public association with other Lundin Group companies or entities; activist shareholders and proxy solicitation firms; risks associated with climate change; the Company's common shares being subject to dilution; potential for the allegation of fraud and corruption involving the Company or Talon, their respective customers, suppliers or employees, or the allegation of improper or discriminatory employment practices, or human rights violations; ability to attract and retain highly skilled employees; reliance on key personnel and reporting and oversight systems; risks relating to the Company's internal controls; counterparty and customer concentration risk; risks associated with the use of derivatives; exchange rate fluctuations; the terms of the contingent payments in respect of the completion of the sale of the Company's European assets and expectations related thereto; and other risks and uncertainties, including but not limited to those described in the "Risks and Uncertainties" section of the Company's MD&A for the three and nine months ended September 30, 2025, the "Risks and Uncertainties" section of the Company's MD&A for the year ended December 31, 2024, and the "Risks and Uncertainties" section of the Company's Annual Information Form for the year ended December 31, 2024, which are available on SEDAR+ at www.sedarplus.ca under the Company's profile.

All of the forward-looking information in this document is qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecasted or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

Lundin Mining Completes the Sale of the Eagle Mine and Humboldt Mill to Talon Metals (CNW Group/Lundin Mining Corporation)Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2026/09/c9259.html

Talon Metals also provides details on upcoming share consolidation

Tamarack, Minnesota and L'Anse, Michigan–(Newsfile Corp. – January 9, 2026) – Talon Metals Corp. (TSX: TLO) (OTCID: TLOFF) (together with its subsidiaries, "Talon" or the "Company") is pleased to announce the completion of its previously announced transaction with Lundin Mining Corporation (TSX: LUN) (Stockholm: LUMI) ("Lundin Mining") pursuant to which it acquired the producing Eagle Mine and associated Humboldt Mill (the "Transaction"). On closing of the Transaction, Lundin Mining was issued 275,152,232 common shares ("Talon Shares") and granted a production payment royalty on ore from sources other than the Eagle Mine that is processed through the Humboldt Mill at a rate of US$1.00 per tonne, up to a maximum aggregate payment of US$20.0 million (representing 20 million tonnes of ore). See Talon's December 18, 2025 press release for additional information.

"The completion of the Eagle Mine and Humboldt Mill acquisition is a defining moment for Talon. I am pleased to welcome Darby Stacey as Chief Executive Officer, along with the Eagle and Humboldt mining and processing team, to Talon. This transaction has brought together the positive cash-flow-generating Eagle Mine and Humboldt Mill, the proven operating experience of the Eagle and Humboldt teams, and Talon's in-house exploration, environmental and permitting capabilities to create the only operating primary nickel-copper company in the United States with meaningful expansion potential. With the transaction now complete, our combined team is positioned to advance our four strategic priorities in parallel – materially extending the Eagle Mine life, accelerating exploration in Michigan and Minnesota, advancing permitting at the Tamarack Nickel-Copper Project and the Beulah Battery Minerals Processing Facility, and progressing engineering toward feasibility study and construction – at a time when it is vitally important to drive decisively toward U.S. critical minerals self-sufficiency," said Henri van Rooyen, Executive Chairman of Talon.

DIRECTOR AND OFFICER CHANGES

In connection with closing of the Transaction, Jack Lundin and Juan Andrés Morel, the CEO and COO, respectively, of Lundin Mining, were appointed to the board of directors of Talon (the "Talon Board"). Darby Stacey, the General Manager of the Eagle Mine under Lundin Mining, has been appointed as CEO of Talon and has also joined the Talon Board. In addition, Warren Newfield has stepped down from the Talon Board and Henri van Rooyen has been appointed Executive Chairman.

CONCURRENT PRIVATE PLACEMENT

As previously announced, Talon entered into a subscription agreement concurrently with entering into the definitive agreement in respect of the Transaction pursuant to which it agreed to issue 18,555,783 Talon Shares (the "Concurrent Private Placement") to a trust settled by the late Adolf H. Lundin (the "Lundin Family Trust"). The Toronto Stock Exchange ("TSX") requires shareholder approval of the Concurrent Private Placement in accordance with Section 604(a)(i) of the TSX Company Manual and the Company intends to call a special meeting (the "Meeting") as soon as practicable to seek such approval. Further details will be contained in a management information circular to be sent to holders of Talon Shares in connection with the Meeting.

SHARE CONSOLIDATION

The Talon Board has determined that the previously announced consolidation of the Talon Shares (the "Consolidation") on the basis of one post-consolidation Talon Share for every ten pre-consolidation Talon Shares, will be effective on January 23, 2026 (the "Effective Date").

The Toronto Stock Exchange ("TSX") has accepted notice of the Consolidation, and the Talon Shares are expected to begin trading on the TSX on a post-Consolidation basis on or about January 27, 2026. The post-Consolidation Talon Shares will continue to trade on TSX under the symbol "TLO" but with a new CUSIP number (G86659201) and new ISIN (VGG866592014).

As a result of the Consolidation, the number of outstanding Talon Shares will be reduced from approximately 1,478,254,002 pre-Consolidation Talon Shares currently outstanding to approximately 147,825,400 post-Consolidation Talon Shares as at the Effective Date, subject to adjustment for the rounding down of fractions as outlined below.

The Consolidation will also result in proportionate adjustments to the exercise price and number of Talon Shares issuable pursuant to the Company's outstanding share purchase warrants and stock options in accordance with the terms of the warrant indenture between the Company and Computershare Trust Company of Canada ("Computershare") dated June 18, 2025, the Company's Stock Option Plan and other documents governing such securities.

Registered shareholders of Talon holding their Talon Shares in certificated form will be sent a letter of transmittal with instructions for the surrender of certificates representing their pre-Consolidation common shares. Such shareholders will need to return to Computershare, as registrar and transfer agent for the Talon Shares, a completed letter of transmittal in order to receive a certificate or direct registration system (DRS) advice statement for their post-Consolidation Talon Shares. The form of letter of transmittal will also be available electronically under the Company's issuer profile on SEDAR+ at www.sedarplus.ca and from the Talon website at www.talonmetals.com. Registered shareholders whose pre-Consolidation Talon Shares are represented by a DRS advice statement will not be required to return a completed letter of transmittal to Computershare and will instead be automatically issued a new DRS advice statement for the number of post-Consolidation Talon Shares held.

Non-registered shareholders who hold their Talon Shares through a broker, financial institution or other intermediary should note that the intermediary's procedures for processing the Consolidation, in respect of pre-Consolidation Talon Shares held for the non-registered owner's account, may differ from those applicable to registered shareholders. Non-registered shareholders with questions should contact their intermediary for more information.

The Consolidation will not result in any fractional Talon Shares. If the Consolidation would otherwise result in a shareholder holding a fraction of a post-Consolidation common share, the number of post-Consolidation common shares held by such holder will be rounded down to the nearest whole number, and the fractional interest will be cancelled without consideration.

Further details regarding the Consolidation are contained in the Company's information circular dated May 14, 2025 for the annual and special meeting of shareholders of Talon held June 25, 2025, a copy of which is available under the Company's issuer profile on SEDAR+ at www.sedarplus.ca and on the Talon website at www.talonmetals.com.

ADVISORS

Canaccord Genuity Corp. was engaged as financial advisor to the Company. Cassels Brock & Blackwell LLP and Dorsey & Whitney LLP acted as legal counsel to the Company.

ABOUT TALON

Talon is a TSX-listed base metals company advancing and operating high-grade nickel-copper assets in the United States, including 100% ownership of the Eagle Mine and Humboldt Mill in Michigan, the only primary nickel mine currently operating in the United States, and the Tamarack Nickel-Copper-Cobalt Project in Minnesota. Talon is in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel-Copper-Cobalt Project comprises a large land position (18km of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel-Copper-Cobalt Project and currently owns 51%. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Beulah Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of War awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams.

For additional information on Talon, please visit the Company's website at talonmetals.com or contact:

Media Contact:Jessica Johnson(218) 460-9345johnson@talonmetals.com

Investor Contact:Mike Kicis1 (647) 968-0060kicis@talonmetals.com

FORWARD-LOOKING STATEMENTS

This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the impact and anticipated benefits of the Transaction; the completion of Talon's four strategic priorities, including materially extending the Eagle Mine life, accelerating exploration in Michigan and Minnesota, advancing permitting at the Tamarack Nickel-Copper Project and the Beulah Battery Minerals Processing Facility, and progressing engineering toward feasibility study and construction; the anticipated timing of the Meeting and completion of the Concurrent Private Placement; the Consolidation and the effective date thereof; the effect of the Consolidation on the Company's capital structure, including the number of Talon Shares outstanding after the Consolidation; the treatment of fractional Talon Shares; and the expected trading date of the post-Consolidation Talon Shares on the TSX. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279891

Source: Getty Images

Written by Amy Legate-Wolfe at The Motley Fool Canada

Mining stocks can keep momentum into January 2026 for a pretty simple reason. These sit at the crossroads of the real-world economy and investor psychology. When markets start sniffing out lower interest rates, money often rotates toward areas that were held back by high rates, higher discounting, and recession worries. At the same time, many mined commodities have supply constraints that don’t fix themselves quickly, as it takes years to permit, build, and expand a mine. Put those together and you can get a January where miners surprise investors even after a strong prior year. Not because they’re safe, but because they’re leveraged to improving sentiment, improving demand expectations, and still-tight supply.

LUN

Lundin Mining (TSX:LUN) is the kind of name that can still surprise because it’s a working miner with meaningful operational leverage. If metal prices hold up or improve, the cash flow can quickly rebound; and if prices soften, the same leverage works in reverse. What matters for new investors is that Lundin’s Q3 2025 results show it’s still generating real earnings power in the current environment, not just promising it. In the company’s MD&A, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter was about $489.7 million, with adjusted earnings around $152.3 million.

Income is the part that beginners often misunderstand with miners. Lundin does pay a dividend, but it’s typically not the main reason to own it, and it won’t behave like a classic Canadian dividend stalwart. For example, Lundin declared a quarterly dividend of $0.09 per share around its Q3 2025 reporting, alongside net sales of about $1.1 billion and adjusted EBITDA of about $429.5 million. The key takeaway is that the dividend exists, but the real engine is the cycle.

LIF

Labrador Iron Ore Royalty (TSX:LIF) is a different kind of mining exposure, and it can absolutely surprise investors, but for a different reason. You’re not buying a miner that has to constantly fund big expansions. You’re buying a royalty-style cash flow stream tied to iron ore economics, which can translate into chunky dividends when iron ore pricing and shipments are strong.

If you’re thinking about January 2026 specifically, LIF’s surprise potential usually comes from the market underestimating how long a strong iron ore environment can last, or from dividend expectations resetting higher when results come in better than feared. But you have to hold two truths at once. This can be a high-income name in good times, and it can also be as volatile as the commodity.

Bottom line

Lundin’s surprise factor is operational and cyclical leverage in a diversified base-metals miner, whereby a better tape and decent pricing can unlock outsized upside. Labrador’s surprise factor is the dividend and cash-flow torque you can get from an iron ore royalty-style structure when the commodity stays stronger than expected. Together, here’s how much $7,000 could bring in for both mining stocks in dividends alone.

COMPANY	RECENT PRICE	NUMBER OF SHARES	DIVIDEND	TOTAL ANNUALPAYOUT	FREQUENCY	TOTAL INVESTMENT
LIF	$30.01	233	$1.55	$361.15	Quarterly	$6,992.33
LUN	$31.70	220	$0.11	$24.20	Quarterly	$6,974.00

For a new investor, the smartest way to use either is as a controlled slice alongside a boring core like a broad exchange-traded fund (ETF) or diversified blue-chips so you get the excitement without letting one commodity cycle dictate your whole financial mood.

The post Mining Momentum: 2 TSX Stocks That Could Surprise Investors This January appeared first on The Motley Fool Canada.

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* Returns as of January 5th, 2026

More reading

Fool contributor Demetris Afxentiou has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

2026

Lundin Mining's (TSE:LUN) stock is up by a considerable 43% over the past three months. However, we decided to pay close attention to its weak financials as we are doubtful that the current momentum will keep up, given the scenario. Particularly, we will be paying attention to Lundin Mining's ROE today.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.

Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.

How Is ROE Calculated?

Return on equity can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Lundin Mining is:

5.2% = US$366m ÷ US$7.0b (Based on the trailing twelve months to September 2025).

The 'return' is the profit over the last twelve months. That means that for every CA$1 worth of shareholders' equity, the company generated CA$0.05 in profit.

See our latest analysis for Lundin Mining

What Has ROE Got To Do With Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

A Side By Side comparison of Lundin Mining's Earnings Growth And 5.2% ROE

On the face of it, Lundin Mining's ROE is not much to talk about. Next, when compared to the average industry ROE of 14%, the company's ROE leaves us feeling even less enthusiastic. Therefore, it might not be wrong to say that the five year net income decline of 26% seen by Lundin Mining was probably the result of it having a lower ROE. However, there could also be other factors causing the earnings to decline. For instance, the company has a very high payout ratio, or is faced with competitive pressures.

However, when we compared Lundin Mining's growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 18% in the same period. This is quite worrisome.

TSX:LUN Past Earnings Growth January 5th 2026

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Is Lundin Mining fairly valued compared to other companies? These 3 valuation measures might help you decide.

Is Lundin Mining Using Its Retained Earnings Effectively?

With a three-year median payout ratio as high as 102%,Lundin Mining's shrinking earnings don't come as a surprise as the company is paying a dividend which is beyond its means. Its usually very hard to sustain dividend payments that are higher than reported profits.

In addition, Lundin Mining has been paying dividends over a period of nine years suggesting that keeping up dividend payments is preferred by the management even though earnings have been in decline. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to drop to 9.3% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 8.4%, over the same period.

Conclusion

On the whole, Lundin Mining's performance is quite a big let-down. The low ROE, combined with the fact that the company is paying out almost if not all, of its profits as dividends, has resulted in the lack or absence of growth in its earnings. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Company Logo

The Canadian metals & mining industry offers opportunities in aluminum, steel, and precious metals. Despite past volume decline, the market saw 8.9% growth in 2024, supported by key players and competitive dynamics. The industry's evolution presents avenues for strategic entry and expansion in upcoming years.

Dublin, Jan. 05, 2026 (GLOBE NEWSWIRE) — The "Metals & Mining in Canada" report has been added to ResearchAndMarkets.com's offering.Metals & Mining in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Key Highlights

The metals & mining industry includes aluminum, steel, iron ore, coal, base metals, and precious metals. Market volume represents production volume, and market value is calculated by multiplying market volume by production price.
The Canadian metals & mining industry recorded revenues of $54.89 billion in 2024, representing a compound annual growth rate (CAGR) of 6.2% between 2019 and 2024.
The production volumes declined with a negative CAGR of 1.0% between 2019 and 2024, reaching a total of 128.63 million tonnes in 2024.
In 2024, the Canadian metals & mining industry experienced annual growth of 8.9%.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the metals & mining market in Canada
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the metals & mining market in Canada
Leading company profiles reveal details of key metals & mining market players' global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Canada metals & mining market with five year forecasts

Reasons to Buy

What was the size of the Canada metals & mining market by value in 2024?
What will be the size of the Canada metals & mining market in 2029?
What factors are affecting the strength of competition in the Canada metals & mining market?
How has the market performed over the last five years?
What are the main segments that make up Canada's metals & mining market?

Key Topics Covered: 1 Executive Summary1.1. Market value1.2. Market value forecast1.3. Market volume1.4. Market volume forecast1.5. Category segmentation1.6. Geography segmentation1.7. Market rivalry1.8. Competitive landscape2 Market Overview2.1. Market definition2.2. Market analysis3 Market Data3.1. Market value3.2. Market volume4 Market Segmentation4.1. Category segmentation4.2. Geography segmentation5 Market Outlook5.1. Market value forecast5.2. Market volume forecast6 Five Forces Analysis6.1. Summary6.2. Buyer power6.3. Supplier power6.4. New entrants6.5. Threat of substitutes6.6. Degree of rivalry7 Competitive Landscape7.1. Who are the leading players?7.2. What strategies do the leading players follow?7.3. What have been the most recent market developments?8 Company Profiles8.1. Teck Resources Ltd8.2. Agnico Eagle Mines Ltd8.3. First Quantum Minerals Ltd9 Macroeconomic Indicators

For more information about this report visit https://www.researchandmarkets.com/r/nyekts

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Record gold and silver prices got all the publicity, but metals across the board, from uranium to copper to cobalt, took off this year and look likely to climb next year, too. Here’s why.

As the Australian market winds down for the holiday season, with a slight dip of 0.2% attributed to profit-taking before the break, investors are keeping an eye on precious metals and commodities. For those willing to explore beyond established names, penny stocks—despite their vintage moniker—remain a relevant investment area that can offer unique opportunities. This article highlights three standout penny stocks on the ASX that demonstrate financial strength and potential for long-term success in today’s market conditions.

Top 10 Penny Stocks In Australia

Name	Share Price	Market Cap	Financial Health Rating
Alfabs Australia (ASX:AAL)	A$0.405	A$116.07M	★★★★★☆
EZZ Life Science Holdings (ASX:EZZ)	A$1.39	A$65.57M	★★★★★★
Dusk Group (ASX:DSK)	A$0.78	A$48.57M	★★★★★★
IVE Group (ASX:IGL)	A$3.00	A$461.07M	★★★★★☆
MotorCycle Holdings (ASX:MTO)	A$3.14	A$231.93M	★★★★★★
Veris (ASX:VRS)	A$0.074	A$39.99M	★★★★★★
West African Resources (ASX:WAF)	A$3.14	A$3.59B	★★★★★★
Service Stream (ASX:SSM)	A$2.26	A$1.38B	★★★★★★
EDU Holdings (ASX:EDU)	A$0.825	A$118.74M	★★★★★☆
MaxiPARTS (ASX:MXI)	A$2.26	A$125.53M	★★★★★★

Click here to see the full list of 429 stocks from our ASX Penny Stocks screener.

Let’s review some notable picks from our screened stocks.

BKI Investment

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: BKI Investment Company Limited is a publicly owned investment manager with a market cap of A$1.38 billion.

Operations: The company generates revenue of A$69.33 million from the securities industry segment.

Market Cap: A$1.38B

BKI Investment Company Limited, with a market cap of A$1.38 billion, is debt-free and has stable weekly volatility at 2%. Its short-term assets of A$108.9 million comfortably cover its short-term liabilities but fall short against long-term liabilities of A$137.2 million. Despite high-quality earnings, BKI has faced negative earnings growth recently and offers a low return on equity at 4.3%. While the dividend yield stands at 4.61%, it isn’t well covered by current earnings or cash flows. The board is experienced with an average tenure of 22.2 years, yet management’s experience remains unclear due to insufficient data.

ASX:BKI Financial Position Analysis as at Dec 2025Legacy Iron Ore

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Legacy Iron Ore Limited is an Australian company focused on the exploration, evaluation, and development of mineral properties, with a market cap of A$78.10 million.

Operations: Legacy Iron Ore’s revenue primarily comes from its gold segment, which generated A$56.16 million.

Market Cap: A$78.1M

Legacy Iron Ore Limited, with a market cap of A$78.10 million, has seen an improvement in revenue, reporting A$40.4 million for the half year ended September 2025 compared to A$26.9 million the previous year. Despite this growth, the company remains unprofitable with a net loss of A$2.18 million and negative return on equity at -49.68%. While its short-term assets exceed liabilities and it is debt-free, Legacy Iron Ore faces challenges with high share price volatility and less than a year of cash runway based on current free cash flow trends. The board’s average tenure is 1.3 years, indicating limited experience compared to its seasoned management team averaging 7.1 years in tenure.

ASX:LCY Debt to Equity History and Analysis as at Dec 2025Service Stream

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Service Stream Limited operates in Australia, providing design, construction, operation, and maintenance services for infrastructure networks in the telecommunications, utilities, and transport sectors with a market cap of A$1.38 billion.

Operations: Service Stream generates revenue from three main segments: Telecommunications (A$1.17 billion), Utilities (A$1.01 billion), and Transport (A$154.23 million).

Market Cap: A$1.38B

Service Stream Limited, with a market cap of A$1.38 billion, demonstrates financial stability and growth potential despite being categorized as a penny stock. The company is debt-free and has seen impressive earnings growth of 83.2% over the past year, surpassing industry averages. Its short-term assets comfortably cover both short- and long-term liabilities, indicating sound liquidity management. While trading at 51.4% below estimated fair value suggests potential undervaluation, significant insider selling in recent months may warrant caution for investors. The company’s seasoned management team supports its strategic direction amidst stable weekly volatility and improved profit margins year-on-year.

ASX:SSM Debt to Equity History and Analysis as at Dec 2025Seize The Opportunity

Investigate our full lineup of 429 ASX Penny Stocks right here.
Curious About Other Options? The latest GPUs need a type of rare earth metal called Neodymium and there are only 37 companies in the world exploring or producing it. Find the list for free.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:BKI ASX:LCY and ASX:SSM.

This article was originally published by Simply Wall St.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

US markets headed into the green by late-morning on Tuesday as delayed data showed the US economy had grown far more quickly than anticipated in the third quarter. The FTSE 100 (^FTSE) also rallied to end the day higher in London, while European stocks were mixed.

The session saw the last piece of important US data ahead of the Christmas holiday. Wall Street got its first look at third quarter GDP, which showed the US economy grew at a 4.3% annualised rate, much higher than the 3.3% forecast by analysts, and signalling continued economic resilience.

The report has tempered bets on Federal Reserve interest rate cuts. The shutdown-delayed report showed that consumer spending remains strong, though experts caution that the federal stoppage is likely to have slowed growth in Q4.

Around 85% of bets are now on the Fed pausing its string of rate cuts, up by nearly 10 percentage points from last week. Still, the majority of wagers remain on two cuts by the end of next year.

Movement on major indices was muted as traders wind down for Christmas, with the vast majority of important data and central bank decisions now in the rearview mirror.

London's premier index gained 0.3% by the end of the session. Miners Antofagasta (ANTO.L) and Anglo American (AAL.L) were among the top gainers in the index, with precious metals a market bright spot.
Germany's DAX (^GDAXI) ticked up 0.2%.
Over in Paris the CAC 40 (^FCHI) was 0.2% lower.
The pan-European STOXX 600 (^STOXX) gained 0.4%.
The pound (GBPUSD=X) rallied almost 0.1% against the dollar just below the $1.35 mark. Sterling had pulled lower unexpectedly earlier in the week as data showed inflation unexpectedly fell sharply in November.
The S&P 500 (^GSPC) and the blue chip-heavy Dow Jones Industrial Average (^DJI) traded up 0.3% and 0.2% respectively. The Nasdaq Composite (^IXIC), meanwhile, regained earlier losses to trade 0.3% higher.

In the latest trading session, Southern Copper (SCCO) closed at $144.00, marking a +1.21% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.88%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq appreciated by 1.31%.

Heading into today, shares of the miner had gained 18.55% over the past month, outpacing the Basic Materials sector's gain of 8.3% and the S&P 500's gain of 2.48%.

Investors will be eagerly watching for the performance of Southern Copper in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.54, showcasing a 52.48% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $3.68 billion, reflecting a 32.06% rise from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.27 per share and a revenue of $13.12 billion, indicating changes of +21.71% and +14.78%, respectively, from the former year.

Investors should also take note of any recent adjustments to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.39% increase. Right now, Southern Copper possesses a Zacks Rank of #1 (Strong Buy).

In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 26.98. This represents a discount compared to its industry average Forward P/E of 30.35.

Investors should also note that SCCO has a PEG ratio of 1.31 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Mining – Non Ferrous industry had an average PEG ratio of 1.08 as trading concluded yesterday.

The Mining – Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 103, placing it within the top 42% of over 250 industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow SCCO in the coming trading sessions, be sure to utilize Zacks.com.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Thursday, December 18, 2025The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including NVIDIA Corp. (NVDA), Netflix, Inc. (NFLX) and Merck & Co., Inc. (MRK), as well as two micro-cap stocks The Monarch Cement Co. (MCEM) and Cumberland Pharmaceuticals Inc. (CPIX). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>Ahead of Wall StreetThe daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.You can read today's AWS here >>> CPI, Jobless Claims in Very Agreeable RangesToday's Featured Research ReportsShares of NVIDIA have outperformed the Zacks Semiconductor – General industry over the past year (+30.9% vs. +28.9%). The company is benefiting from the strong growth of artificial intelligence (AI) and high-performance accelerated computing. The growing demand for generative AI and large language models using graphics processing units (GPUs) based on NVIDIA’s Hopper and Blackwell architectures is aiding data center revenues.The continued ramp-up of Ada RTX GPU workstations in the ProViz end market, following the normalization of channel inventory, is acting as a tailwind. Collaborations with more than 320 automakers and tier-one suppliers are likely to advance its presence in the autonomous vehicle space. The Zacks analyst expect NVIDIA’s revenues to witness a CAGR of 40.7% through fiscal 2026-2028. However, a limited supply of Blackwell GPUs may hinder its ability to meet demand. Rising costs associated with the production of more complex AI systems will hurt margins.(You can read the full research report on NVIDIA here >>>)Netflix’s shares have gained +5% over the past year against the Zacks Broadcast Radio and Television industry’s gain of +16.2%. The company is benefiting from its growing subscriber base, thanks to a robust localized and foreign-language content portfolio and healthy engagement levels with about two hours of viewing per member per day, indicating strong member retention. NFLX's advertising tier now accounts for more than 55% of new sign-ups in available markets. NFLX has set an ambitious target to double its revenues by 2030 and reach a $1 trillion market capitalization, supported by a diversified content strategy, including international programming, live events, and gaming initiatives.NFLX raised its full-year free cash flow forecast to $9 billion from $8-8.5 billion. For the fourth-quarter, Netflix projects $11.96 billion in revenue with 16.7% growth and a 23.9% operating margin, featuring major releases including Stranger Things' final season and NFL Christmas games.(You can read the full research report on Netflix here >>>)Shares of Merck have gained +3.4% over the past year against the Zacks Large Cap Pharmaceuticals industry’s gain of +16.7%. The company’s blockbuster drug, Keytruda, and new products have been driving sales. With label expansion into new indications, particularly earlier-stage launches, Keytruda is expected to see continued growth. Animal health is also contributing to growth. Merck has been making meaningful pipeline progress across areas like oncology, vaccines and infectious diseases. Moreover, it is actively pursuing M&A deals to enhance its pipeline and diversify away from Keytruda. However, rising competitive and generic pressure on some drugs and persistent challenges for Gardasil in China remain overhangs. There are concerns about Merck’s ability to successfully navigate the Keytruda loss of exclusivity period and potential competition for the drug. (You can read the full research report on Merck here >>>)Monarch Cement’s shares have gained +5.9% over the past year against the Zacks Building Products – Concrete and Aggregates industry’s gain of +18.5%. This microcap company with a market capitalization of $805.78 million offers a compelling income-plus-stability profile, anchored by strong balance sheet discipline, margin leadership and capital flexibility. Monarch Cement’s significantly increased dividends and buybacks in 2025 while maintaining $56.8 million in cash and no long-term debt. Retained earnings and equity continue to grow, enabling $25.5 million in self-funded capex. The Cement segment delivers dominant profitability, generating more than 94% of operating income with a 46% gross margin, reinforced by ongoing investment in long-life assets and a vertically integrated plant with >50 years of reserves. A capital-efficient JV provides steady earnings without full volatility, while timely asset monetization and a diversified equity portfolio enhance cash flow and earnings quality. Strong working capital and seasonality-aligned liquidity further support dividends, reinvestment and downside resilience.(You can read the full research report on Monarch Cement here >>>)Shares of Cumberland Pharmaceuticals have outperformed the Zacks Medical – Drugs industry over the past year (+67.7% vs. +4.4%). This microcap company with a market capitalization of $58.18 million offers a differentiated specialty pharma investment anchored by a scalable commercial platform and disciplined acquisition strategy. Cumberland Pharmaceuticals’ established hospital, GI, and oncology sales infrastructure enables efficient integration of under-promoted, FDA-approved brands, supporting operating leverage and accretive growth. The Talicia partnership adds de-risked, long-duration revenue, combining existing sales momentum with patent and exclusivity protection through 2042 at modest capital commitment. Longer term, ifetroban provides meaningful upside, with positive Phase II data in Duchenne muscular dystrophy cardiomyopathy and multiple ongoing Phase II programs that reduce binary pipeline risk. Approximately $53 million in NOLs enhance future cash flow conversion, while partner-led international launches offer low-cost growth optionality.(You can read the full research report on Cumberland Pharmaceuticals here >>>)Other noteworthy reports we are featuring today include UBS Group AG (UBS), Medtronic plc (MDT) and Southern Copper Corp. (SCCO).Mark VickerySenior EditorNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Today's Must Read

NVIDIA's (NVDA) Data Center Biz Gains From Growing Adoption of GPUs

Netflix (NFLX) Banks on Original Content to Boost User Base

Keytruda Drives Merck (MRK) Sales Amid Gardasil Issues

Featured Reports

Medtronic (MDT) Gains in Market Share, MedSurg Growth RobustThe Zacks analyst is impressed that despite the macro-economic issues, Medtronic is reporting market share gains across its core businesses lines. MedSurg global expansion remains strong.

Expansion Actions to Drive Southern Copper (SCCO), Costs AilThe Zacks analyst believes Southern Copper is poised well to gain from its industry-leading copper reserves and expansion actions. However, higher labor costs will hurt margins.

Fee-based Earnings, Rising Natural Gas Demand Aid Energy Transfer (ET)Per to the Zacks analyst, ET's performance is expected to be driven by its high share of earnings from fee-based contracts and its exposure to rising demand for natural gas.

Aggregates Business Aids Vulcan (VMC) Amid Residential WeaknessPer the Zacks analyst, Vulcan is gaining from its aggregates business amid favorable public spending trends. However, a soft residential market and other macro risks mar prospects.

BCE's Growth Story Hinges on Buyout Synergies, Bell Media StrugglesPer the Zacks analyst, Ziply Fiber acquisition boosts BCE's U.S. fiber reach, while a $1.5 billion AI portfolio powers enterprise growth. Weak advertising and subscriber revenues hurt Bell Media.

Assurant (AIZ) Gains on Solid Premiums Amid Escalating CostsPer the Zacks analyst, Assurant is set to grow on solid Global Lifestyle and Global Lifestyle segments, which will drive improvement in earned premiums and fees. However, high costs remain a concern.

Investments and Key Acquisitions Aid National Fuel Gas (NFG)Per the Zacks analyst, National Fuel Gas expands through strategic acquisitions. Its disciplined capital investments to enhance natural gas and oil operations is boosting total production.

New Upgrades

Inorganic Growth and Cost Reduction Supports UBS Group AG (UBS)Per the Zacks analyst, UBS Group's expanded operations through strategic partnerships and acquisitions reflects strong inorganic growth. Cost reduction initiatives further strengthen its financials.

Expeditors (EXPD) Continues to Gain From E-commerce GrowthPer the Zacks Analyst, e-commerce demand strength acts as a tailwind for growth of companies like Expeditors. Expeditors' strong financial position supports its growth-by-acquisition strategy.

Vista Energy (VISTA) Banks on Newly Completed Oil WellsThe Zacks analyst favors Vista Energy as its newly completed oil and gas wells are producing above expectations and are set to strengthen the company's overall performance.

New Downgrades

Lower Volumes, Higher Expenses Hurt Silgan's (SLGN) MarginsPer the Zacks analyst, lower volume will impact Silgan's top-line. Higher interest expenses are also concerning for the company.

Lower Volumes Weigh on TreeHouse Foods' (THS) Top LinePer the Zacks analyst, TreeHouse Foods is impacted by macroeconomic consumption trends, driving an 11.6% year-over-year decline in volume and mix in the third quarter of 2025.

Sluggishness in China Commerce Business Ails Alibaba (BABA)Per the Zacks analyst, Alibaba is suffering from weakening China Commerce business due to sluggish growth in online physical goods GMV at Taobao and Tmall marketplaces, and pandemic-led uncertainties.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Merck & Co., Inc. (MRK) : Free Stock Analysis Report

Netflix, Inc. (NFLX) : Free Stock Analysis Report

Medtronic PLC (MDT) : Free Stock Analysis Report

UBS Group AG (UBS) : Free Stock Analysis Report

NVIDIA Corporation (NVDA) : Free Stock Analysis Report

Cumberland Pharmaceuticals Inc. (CPIX) : Free Stock Analysis Report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

The Monarch Cement Co. (MCEM): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Canada's main stock index opened higher on Friday, with technology shares leading the gains, as investors assessed the domestic retail sales data.

The TSX leaped 223.08 points to open Friday at 31,663.93.

The Canadian dollar poked up 0.1 cents to 72.67 cents U.S.

BlackBerry raised the lower end of its fiscal 2026 revenue forecast on strong demand for its cybersecurity software, while posting third-quarter revenue above analyst estimates. BlackBerry shares shed 63 cents, or 10.5%, to $5.40.

Lundin Mining said it planned to sell its Eagle nickel-copper mine and Humboldt Mill to Talon Metals in a deal worth about $84 million. Lundin shares began Friday up 76 cents, or 2.7%. to $28.58.

On the economic scene, Statistics Canada said its new housing price index was unchanged in November, in contrast with a 0.4% decrease the month before, while retail sales decreased 0.2% to $69.4 billion in October.

Sales were down in four of nine subsectors, led by decreases at food and beverage retailers.

ON BAYSTREET

The TSX Venture Exchanged prospered 12.17 points, or 1.3%, to 954.25.

Seven of the 12 TSX subgroups were positive, with materials up 2%, gold better by 1.8%, and health-care ahead 1.1%.

The five laggards were weighed most by real-estate, consumer discretionary and industrials stocks, each down 0.1%.

ON WALLSTREET

The NASDAQ Composite rose on Friday, lifted by Oracle, as the artificial intelligence trade looks to regain its footing after experiencing volatility.

The Dow Jones Industrials ballooned 288.14 points by the end of the day, to 48,239.99

Read:

The S&P 500 index hiked 55.11 points to 6,829.87

The NASDAQ spiked 239.02 points to 23,245.38.

Oracle shares up more than 7% after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake.

The jump marks a turnaround the for the stock, which has been a focal point of concern among investors this week after a report revealed that the cloud infrastructure company lost a key backer of one of its data center projects.

That dragged down other stocks linked to AI, including names such as Broadcom and Advanced Micro Devices.Elsewhere in the space, shares of AI chip darling Nvidia rose more than 3% after Reuters reported that the Trump administration is reviewing the prospect of the company selling its advanced AI chips to China.

Earlier this month, President Donald Trump said that he will allow Nvidia to ship its H200 AI chips to “approved customers” in the country.

Additionally, Micron Technology shares extended their gains from the previous session, rising more than 7%. The stock surged 10% on Thursday the company gave robust guidance for revenues in the current quarter, saying that “demand is substantially higher than supply for the foreseeable future.”

The results reassured investors after recent sessions were swamped with jitters over the AI trade, which is now looking to score a strong finish to the year.

Prices for the 10-year Treasury gained ground, lowering yields to 4.15% from Thursday’s 4.12%. Treasury prices and yields move in opposite directions.

Oil prices gained 43 cents to $56.58.

Gold prices slid $1.70 to $4,362.80.

Canada's main stock index notched a record intraday high on Friday, boosted by commodity-linked shares, while investors assessed data on domestic retail sales.

The TSX leaped 344.93 points, or 0.1%, to stop for lunch Friday at 31,663.93.

The Canadian dollar slid 0.01 cents to 72.56 cents U.S.

Lundin Mining said it planned to sell its Eagle nickel-copper mine and Humboldt Mill to Talon Metals in a deal worth about $84 million. Lundin shares remained up 15 cents, or 2.7%. to $27.97.

Energy Fuels popped $1.70, or 8.8%, to $20.96. after the miner's rare earth oxide qualified for magnet production.

Sales were down in four of nine subsectors, led by decreases at food and beverage retailers.

ON BAYSTREET

The TSX Venture Exchanged prospered 25.98 points, or 2.8%, to 968.06

All but three of the 12 TSX subgroups were positive, with gold better by 2.9%, materials surging 2.6% and information technology ahead 1.9%.

The three laggards were consumer staples, down 0.4%, real-estate, off 0.2%, consumer discretionary down 0.1%.

ON WALLSTREET

U.S. stocks rose on Friday, lifted by Oracle, as the artificial intelligence trade looks to regain its footing after experiencing volatility.

The Dow Jones Industrials ballooned 287.66 points by midday, to 48,239.51

Read:

The S&P 500 index hiked 60.32 points to 6,835.08

The NASDAQ spiked 272.20 points to 23,278.56.

Oracle shares were up more than 7% after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake.

The jump marks a turnaround for the stock, which has been a focal point of concern among investors this week after a report revealed that the cloud infrastructure company lost a key backer of one of its data center projects.

That dragged down other stocks linked to AI, including names such as Broadcom and Advanced Micro Devices.

Elsewhere in the space, shares of AI chip darling Nvidia rose more than 3% after Reuters, citing sources familiar with the matter, reported that the Trump administration is reviewing the prospect of the company selling its advanced AI chips to China.

Earlier this month, President Donald Trump said that he will allow Nvidia to ship its H200 AI chips to “approved customers” in the country.

Additionally, Micron Technology shares extended their gains from the previous session, rising more than 6%. The stock surged 10% on Thursday the company gave robust guidance for revenues in the current quarter, saying that “demand is substantially higher than supply for the foreseeable future.” The results reassured investors after recent sessions were swamped with jitters over the AI trade, which is now looking to score a strong finish to the year.

Prices for the 10-year Treasury gained ground, lowering yields to 4.15% from Thursday’s 4.12%. Treasury prices and yields move in opposite directions.

Oil prices gained 41 cents to $56.56.

Gold prices improved $21.50 to $4,386.00.

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