HBM.TO ($16.9B) - Hudbay enhanced its gold production profile at Snow Lake, extending reserve mine life to 18 years. Next 5-year average gold output of 185kozpa

MAU.TO (C$7.7B) - Montage poured first gold at Koné (Côte d’Ivoire) on budget and ahead of schedule

PRN ($2.1B) - Perenti won ~$205m of contracts: $185m drilling in FY27 and a $20m AUMS decline at Endeavour's Sabodala-Massawa, Senegal

DVP ($1.8B) - Develop posted $13.5m pre-tax profit in FY26, with $162m Woodlawn concentrate sales and $227m external mining services revenue, and made FIDs on Yitirrti and Pioneer Dome backed by a US$350m Trafigura debt package

OM.TO (C$1.6B) - Osisko Metals was intersected at 211m, averaging 0.59% copper at Gaspé

ZIM ($1.6B) - Zimplats produced 606koz 6E PGMs in FY26, reported US$277m NPAT, spent US$153m capex, and closed with US$58m cash

CYL ($1.6B) - Catalyst delineated 2.0Moz Au reserves at the Plutonic Gold Belt, WA, underpinning ~200koz pa for ~10 years at 2.6 g/t

LYL ($930m) - Lycopodium won a $42.9m EP contract for Endeavour’s Assafo-Dibibango gold project, Côte d’Ivoire, for a 5Mtpa CIL plant, subject to FID

BMN ($884m) - Bannerman reported Etango uranium bulk earthworks 99% complete (Phase 4 due December) and the project's first LTI after 1.6m hours

SLS ($473m) - Solstice hit 169m at 0.87% Cu, 0.29 g/t Au from 203m at Nanadie copper-gold, WA, extending strike to 1.5km | ▲ 6%

WTM ($309m) - Waratah reported drilling at Ironclad linking to Consols at Spur, NSW, with 37m at 0.92 g/t Au from 605m

BML ($231m) - Boab confirmed Sorby Hills funding with $205m capex remaining, targeting first concentrate in Q3 CY27 and outlining NPV₈ $1.1B

GBR ($202m) - Great Boulder extended Mulga Bill East to 1.5km, Side Well, with 4m at 7.6 g/t gold from 60m, outside resource | ▼ 6%

ENR ($160m) - Encounter outlined >1km copper oxide blankets at Parbo, Yeneena copper project, WA, and started a strategic review of copper assets | ▼ 5%

PEN ($146m) - Peninsula kept CY27 guidance at 500–600klb U₃O₈ and will defer non‑essential capex, targeting FID in H1 CY27

TOR ($116m) - Torque hit 8.9m at 17.5 g/t Au from 344m at HHH, the deepest intercept below the 2024 MRE

LKE ($99m) - Lake was granted the Environmental Impact Declaration for Kachi lithium, commencing FEED ahead of FID and financing | ▲ 11%

PNN ($61m) - Power Minerals reported 39m at 4.42% TREO from 80m at Morro do Ferro, extending REE mineralisation along a new section | ▼ 7%

GBE ($58m) - Globe Metals & Mining secured a six‑month MMRA pathway, subject to ratification, to commence permanent works at the Kanyika Niobium project, with land access settled

CTO ($55m) - Citigold received a s249D requisition from DEP Nominees (for the Carmen Trust) to call a GM to remove 3 directors and appoint Antony Sage, Timothy Turner and Edward Jack

KZR ($53m) - Kalamazoo reported 50m at 4.9 g/t gold from 193m at Mt Olympus, with an MRE update due in Q4 CY26

CAE ($42m) - Cannindah lifted the Cannindah Breccia MRE to 23.2Mt at 0.93% CuEq (216.5kt, +37%), 85% measured and indicated

PL9 ($35m) - Prairie secured C$6.3m Canadian govt financing for the Prairie Lithium project, Saskatchewan, interest-free with repayments from 2029, supporting Phase 1 and Q4 CY26 first lithium brine | ▲ 9%

DGR ($30m) - DGR had unacceptable circumstances declared by the Takeovers Panel over control, citing s606 and disclosure breaches by associates, lifting voting power to 45.4%; final orders pending

TG6 ($30m) - TG Metals released a Scoping Study for heap-leach laterite at the Van Uden, outlining 250ktpa for ~3 years producing 13.6koz gold, pre-prod capex $14m, AISC $2,835/oz and pre-tax NPV₈ $27m

AXN ($26m) - Alliance Nickel approved Phase 2 vat leach testwork at NiWest, after Phase 1 extractions, targeting ~$310m DFS water-infrastructure savings | ▲ 10%

PVT ($25m) - Pivotal shared scoping study results over Horden Lake (Quebec), outlining an NPV7 of $920m and 49% IRR on production of 29.1ktpa CuEq after $428m in capex

Gold held a sharp decline as the deadlock between the US & Iran maintained pressure on the Fed to hike rates (Bloomberg)

Indian conglomerate Essar, along with Trump, unveiled US$15B Iowa Steel project (WSJ)

Australia’s miners are poised to extend their rally, analysts say, as surging copper demand gives investors a new reason to buy (Bloomberg)

Barrick reaches deal with unions at Mali gold mine, easing strike threat (Reuters)

Burkina Faso opens gold refinery in push to retain more value (Bloomberg)

GFI.J ($45B) - Gold Fields responded to media speculation regarding its Northern Star proposals, outlining its 22% premium offer that would target US$4-5B in synergies | Excuse me…

DRR ($2.2B) - Deterra bought a 1.75% NSR over Ivanhoe Electric's Santa Cruz copper project, Arizona, for US$74m, with a 25% buyback at ~US$20m; expected average royalty revenue US$10.7m pa at US$5/lb

SVL ($322m) - Silver Mines completed buybacks extinguishing two royalties at Bowdens for $26m ($18m cash, $8m in shares at $0.145)

ASN ($71m) - Anson secured 17 additional state mineral rights at Green River

Miners bound to megadeal playbook in pursuit of global scale (Reuters)

GNG ($1.4B) - GR Engineering completed its SPP, raising $10m at $6.10 with $32.5m in applications prompting a pro rata scale-back

TGN ($442m) - Tungsten Mining received indicative debt terms for up to 70% ($200m) of Watershed Tungsten project capex; proposal includes equity-linked securities

CHW ($83m) - Chilwa in trading halt pending capital raise and NASDAQ listing announcement

AKA ($26m) - Aureka raised $1.6m in an SPP at $0.12

One of the consensus near-term deals coming out of Beaver Creek is C$640m Regulus Resources and its AntaKori copper-gold project in Peru. Regulus has always been explicit about the endgame: de-risk the asset, then sell to a major.

AntaKori hosts 517Mt containing ~5.0B lbs copper and 4.5Moz gold, with a new integrated resource across AntaKori and adjoining Coimolache sulphides completed in June.

Gold Fields is being touted as a high-prospect suitor, with nearby Cerro Corona running down and AntaKori offering an obvious life-extension angle for its existing infrastructure and operating footprint. We dare say their near-term appetite depends heavily on how the Northern Star tilt shakes out…

WEC ($236m) - White Energy appointed Jamie Frankcombe as independent NED, with Vince O’Rourke retiring from the board

CY5 ($216m) - Cygnus director David Southam sold $1.8m of shares to meet tax obligations

ARI ($51m) - Yi Weng and Ning Li lifted their stake in Arika Resources to 7.5%

VMC ($26m) - Matt Hogan bought $978k of Venus shares, lifting to 9.7% | ▲ 18%

Newsletter and Life Update (Geólogo Trader) ANDC, MERG, Paraguay

Ferg’s Finds (Tin special) (Trader Ferg)

Australian media columnists on the Northern Star bid (seems to us like Elliot / GFI winning the early media game and NST unprepared)

To be clear, the mine isn’t flooded. It just contains a large amount of intentionally accumulated water.