GLEN.L (£66B) - Glencore received RIGI approval for Agua Rica (MARA), with first production expected in H2 27

CMM ($6.6B) - Capricorn produced 31.2koz gold in Q1 and closed with cash + bullion $535m (+$28m QoQ); the Karlawinda expansion is complete, lifting capacity to 6.5Mtpa; FY27 guidance 137–147koz at AISC ~$2,000

PDI ($5.0B) - PDI poured 53koz Au in the Sept Q, sold 61.1koz, and closed with US$405m cash and bullion (up ~US$41m)

ALK ($2.5B) - Alkane reported FY26 NPAT $229m, closed with $454m cash, bullion & investments, and declared a 2c dividend & a $50m on-market buy-back

MAH ($2.4B) - Macmahon secured a 2-year $98m extension at the Daisy Milano with Vault, FY27 guidance unchanged

PMT ($800m) - PMET refiled its NI 43-101 on the Shaakichiuwaanaan CV5 FS after an AMF review, saying conclusions are unchanged

BMC ($785m) - BMC extended mineralisation at the Rhyolite Peak prospect, Kudz Ze Kayah, with 9.5m at 140 g/t Ag, 6.4% Zn, 1.7 g/t Au, 0.4% Cu, 1.8% Pb from 63m

BTR ($776m) - Brightstar reported 167m at 2.07 g/t gold from 104m at Bull Oak, Sandstone

MRT ($265m) - Maritana secured permits for Black Swan Processing Hub, extending GR Engineering's early works to Oct '27; gold H2 CY27

EGR ($134m) - EcoGraf's value engineering for the Epanko Graphite project indicates Stage 1 output could lift 20% to 87.6ktpa with C1 US$512/t (-5.8%) for 10 years for +US$12m capex; 73ktpa BFS remains the financing case

KRR ($116m) - King River reported 3m at 4.7 g/t gold from 38m at the Mindoolah project

OSM ($91m) - Osmond secured a €250k grant from Spain for Orión and will start a 13‑hole program targeting MRE growth

PHO ($89m) - PhosCo intersected phosphate at DOH and Sekarna North (9m from 22m), with an updated Gasaat scoping study due this month

Gold steadies at $4,188/oz, down 2% last week ahead of US payrolls (Reuters)

Copper faced its biggest weekly loss since May due to high energy costs and China's industrial slowdown (Bloomberg) Futures at US$14.3k/t

Workers at Yancoal’s Premier Coal Collie mine to strike after rejecting pay deal (West)

Freeport confirms Grasberg ramp-up on track post-mudslide, targeting full capacity by end-2027 (Mining.com) Operating at 2/3’s capacity

US-Ukrainian investment fund finalises first critical minerals deal under Trump's minerals pact (Reuters)

BCM ($146m) - Brazilian Critical Minerals will acquire 90% of Sais Nordeste’s magnesium sulphate plant, assuming $4.2m in tax liabilities, to secure reagent supply expected to cover 50% of Ema’s needs

ZNC ($47m) - Zenith rejected Aurenne's $5m capital-raising NBIO and maintained its recommendation for Forrestania's off‑market takeover

FMN ($36m) - Famien sells West Yilgarn assets to Voltaic for $330k + up to $2m in milestones

Gold Fields offers $27B for Northern Star, highlighting Australia's gold champion struggle (FT)

Singapore's GIC mandates JPMorgan for bid on Rio’s infrastructure assets (AFR)

China demands copper supply commitments for Anglo & Teck merger approval (Reuters)

RXL ($829m) - Rox reached financial close on $350m debt facilities and drew $90.2m for Youanmi; $230m remains available

CBE ($457m) - Cobre completed a $90m placement at 30c for Sierra Atacama

OD6 ($32m) - OD6 raised $6.9m at 9.5c

Wiluna prices IPO at 65c per share, targeting $471m market value (Australian) $180m raise offered at ‘65c to 85c’; ‘has absorbed $800m without delivering’

With Resource Capital Funds' exit from Ausenco set to finally close later this year, the more interesting question is what Todd Boehly's Eldridge does with it next.

Some context: RCF backed Ausenco in 2014 and agreed to sell to an Eldridge-led consortium in 2023, but that deal didn’t close. We understand Eldridge instead stepped in as a lender, refinanced the business again since, and will be completing the acquisition of RCF’s stake by end of the year.

The listed names have re-rated hard over the past year - both earnings growth and multiple expansion. And those multiples spill over into private valuations.

That leaves two obvious paths: re-list Ausenco or vend it into a strategic. Worley, anyone?

The signals around the sector are interesting too. Four of Lycopodium's five shareholding directors have sold stock in the past month. Sidara's takeover of Wood shows strategic buyers still want engineering platforms. And Ausenco is as well placed as anyone for the South American copper construction cycle.

WAF ($4.0B) - L1 sold $92m of West African shares, ceasing to be a substantial holder

CXO ($1.0B) - Australian Retirement Trust bought $65m of Core Lithium

LYL ($931m) - Lycopodium director Karl Cicanese sold shares for $402k | Directors’ sales continue

AZY ($358m) - Copia added $5m of Antipa shares, lifting its stake to 18.3%

SVM ($325m) - Sovereign director Julian Stephens resigned effective immediately

EVZ ($63m) - WAM added $830k of EVZ shares, lifting its stake to 6.2%

LMG ($60m) - Latrobe Mag director David Paterson resigned

CPN ($39m) - Farjoy bought $447k of Caspin shares, lifting its stake to 13.6%

From Tungsten to Lithium: 8 Decades of Critical Raw Materials Frameworks (White Paper)

Being Short Your Government: The Real Case for Gold & Silver (Master Investor Pod) Ned Naylor; PM @ US$3B Jupiter fund

Towards a Debt Crisis? Bonds, Gold and Mining (TBG)

How a Sanctioned Conflict-Gold Trader’s Network Continues to Thrive (Bloomberg) Fascinating read

Fenix pursues former exec Craig Mitchell in WA Supreme Court over $500k bonus dispute (West)

The “Unit” column bravely picks one of the three currencies in the next column.