B.NY (US$69B) - Barrick’s produced 816koz (+3% QoQ) and 50kt copper (-11% QoQ). Gold AISC of US$1,911/oz (+24% YoY) rose in step with the realised price; margins flat at ~55%. Adjusted EPS of US$0.82 (+41%) looked strong, but FCF fell 44% to US$642M as capex jumped 53%. It returned US$1B to shareholders |▲ 4%

BTR ($782m) - Brightstar's EPC is 50% complete at the Goldfields plant, Laverton, with first gold June 2027 and on budget

RXL ($768m) - Rox has commenced stoping at United North, Youanmi

LIN ($694m) - Lindian signed an offtake for 10kt then 20ktpa of rare earths monazite concentrate from Kangankunde | ▲ 12%

VUL ($534m) - Vulcan mobilised a second drill rig at Lionheart, Germany, to accelerate its 28-well lithium brine programme as construction ramps up

USL ($389m) - Unico Silver kept its PFS on track for Jan '27, with 7.7m at 1,410 g/t AgEq from 38m; cash $100m

SLS ($326m) - Solstice reported 43m at 1.16% Cu, 0.32 g/t Au from 307m at Nanadie, extending mineralisation beyond the MRE boundary | ▲ 5%

AAR ($244m) - Astral reported 31m at 13.5 g/t gold from 288m at Theia in the Mandilla gold project, including 0.3m at 1,146 g/t from 306m

ATR ($241m) - Astron signed a 5-year take-or-pay offtake for 100% of Donald’s HMC, meeting debt terms, subject to FID 31 Dec 26

PSC ($209m) - Prospect hit 24m at 0.78% Cu from 276m in an extensional hole outside the resource at Nyungu Central

MCM ($203m) - MC Mining suspended Makhado operations pending review and funding; KDG advanced US$8m, to be set off against a share subscription

TM1 ($150m) - Terra said Southwest-hosting E69/3401 carries a 1% NSR to GIB Mining and is under a disputed caveat restricting dealings | ▲ 7%

BRL ($81m) - Bathurst maintained FY27 EBITDA guidance at NZ$30m–NZ$40m, reporting $105m cash at 30 Sep and no debt

AVL ($67m) - Australian Vanadium secured a $15m WA Gov’t grant covering up to 50% to build a relocatable vanadium electrolyte manufacturing facility

ASN ($57m) - Anson pre‑treatment cut iron in third‑party brine from 13ppm to 0; patent filed and sale/licensing discussions underway

MAT ($46m) - Matsa's administrators adjourned the subsidiaries' second creditors' meeting to 12 Nov to evaluate an alternative DOCA proposal

NXM ($21m) - Nexus ended its MOU with Macro Gold Mining Services after failing to secure an ore sale agreement

LGM ($20m) - Legacy hit 9m at 1% Cu from 32m at Emu, Mt Carrington, outside the 1.6Moz AuEq MRE

China extends suspension of new rare earth controls until January (Reuters)

Barrick delays pre-feasibility study for Fourmile in Nevada beyond 2028 (Bloomberg)

Complaint alleges MinRes a ‘male-dominated and sexist workplace’ (AFR)

Aluminium market faces severe supply squeeze as LME stockpiles drop 56% in 2026 (Bloomberg)

Miners turn off the tap for coal decarbonisation fund LETA (AFR)

Vale Base Metals aims to triple earnings to $5B by 2026, producing 382kt copper and 177kt nickel (Mining.com)

China extends gold-buying streak to two years as prices drop (Bloomberg)

Barrick targets November for North American IPO following Newmont agreement (Mining.com)

Botswana to double De Beers stake to 30%, becoming largest shareholder (Bloomberg)

Sojitz to acquire 5% stake in Vietnam's Masan High-Tech Materials for tungsten market expansion (Mining.com)

Eramet seeks to sell minority stake in Centenario-Ratones and 38.7% of Weda Bay Nickel (Mining.com)

RHI ($267m) - Red Hill granted Arrow a 12‑month option over the Pannawonica Iron project for $150k in shares

LUX ($21m) - Lux Copper secured 326 state mining claims at its Baird Copper project, Alaska

AXO.V (C$232m) - Axo Metals launched a bought-deal for C$50m at 98c

AWJ ($44m) - Auric is in halt to raise funds

PXX ($44m) - PolarX is in a trading halt pending a capital raise

AMD ($38m) - Arrow is in halt pending a capital raise (funding Pannawonica deal with RHI)

Meridian considers $400m financing offers for Cabaçal copper-gold mine in Brazil (Mining.com)

Lindian has secured another 30,000t of monazite offtake across Stage 1 and Stage 2, but won't name the buyer. Our money is on China's Shenghe Resources.

The giveaway might be in the fine print, where Stage 2 deliveries are conditional on "the agreed quotas remaining available".

China historically imposed quotas on domestic rare earth processing, but last year extended them to imported feedstock too.

As The Rare Earth Observer points out, only two state groups receive these quotas, China Northern Rare Earth and China Rare Earth Group. Shenghe, despite being a major refiner, must now rely on one of these groups for allocations…

Which makes last month's transaction interesting. Shenghe agreed to sell 51% of four refineries to China Rare Earth Group, explicitly to improve access to quotas and raw materials.

Throw in Shenghe's need to replace its former MP Materials concentrate supply, and the pieces fit rather neatly.

MI6 ($1.9B) - STAM now owns 6.3% of Minerals 260

FRS ($816m) - Pinnacle sold $2.8m of Forrestania shares, falling below 5%

AIS ($555m) - Tribeca sold $2.2m of Aeris shares, falling below 5%

WTM ($297m) - Waratah appointed Andrew Stewart Exec Chair and MD, with outgoing MD Peter Duerden becoming Strategic Advisor

STK ($116m) - Strickland NED Anthony McClure resigned

DRE ($63m) - Farjoy/Tim Robertson bought $730k of Dreadnought

China’s Global Minerals Strategy (Sinamin) “Consolidate dominance in rare earths, tungsten, tin, and others. Secure what we lack. Tighten what we control”

Trump wipeout deals a Northern Star wildcard (Dryblower)

Ferg’s Finds (Trader Ferg) Power, gas, uranium

We're generally more comfortable asking the questions than answering them, but shout out to Duncan Evans at The Courier-Mail for running a piece on Money of Mine this morning