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- ORVANA REPORTS FOURTH QUARTER AND FISCAL 2026 PRODUCTION RESULTS - Spain Annual Gold Production Exceeds Guidance
Orvana Minerals reported production for the fourth quarter and fiscal 2026 (ended September 30, 2026). Q4 output was 12,947 gold equivalent ounces (GEO), including 10,895 gold ounces, 1.0 million pounds of copper and 35,502 silver ounces; full-year output reached 45,160 GEO. The Orovalle operation produced 37,775 gold ounces, about 2% above the top of its 34,000–37,000 ounce guidance range, while copper of 2.9 million pounds was within guidance. EMIPA at the expanded Don Mario plant produced its first gold doré and copper cathodes, but full-year output fell below the guidance withdrawn on September 17, 2026, as metallurgical recoveries during ramp-up were low. The company is optimizing acid leaching and filtration, and expects throughput to rise progressively toward 1,700 tonnes per day by the end of 2026.
- ORVANA REPORTS FOURTH QUARTER AND FISCAL 2026 PRODUCTION RESULTS - Spain Annual Gold Production Exceeds Guidance
Orvana Minerals (TSX: ORV) reported fourth-quarter and fiscal 2026 production for the year ended September 30, 2026: 12,947 gold equivalent ounces (GEO) in Q4 and 45,160 GEO for the year, comprising 39,282 gold ounces, 3.1 million pounds of copper and 112,499 silver ounces. Orovalle produced 37,775 gold ounces, above its 34,000 to 37,000 ounce guidance range, and 2.9 million pounds of copper, within its 2.7 to 3.0 million pound range. EMIPA began processing oxide ore through the expanded Don Mario plant and produced its first gold doré bars and copper cathodes in Q4, but its FY2026 output fell below guidance, which was withdrawn on September 17, 2026, as recoveries were below plan during ramp-up. The acid leaching and filtration sectors were identified as the main areas for optimization, and the company aims to reach 1,700 tonnes per day by the end of calendar 2026.
- M & T Bank Corporation ( NYSE : MTB ) announces third quarter 2026 results
M&T Bank reported third-quarter 2026 net income of $775 million, or $5.04 per diluted common share. Average loans rose $2.6 billion, led by $1.6 billion growth in commercial real estate, with consumer loans up $634 million and residential real estate up $367 million. Noninterest income increased on higher residential mortgage banking revenue, partly offset by lower capital markets and advisory revenue and a smaller distribution from its Bayview Lending Group investment. The allowance for loan losses fell 2 basis points to 1.51% of total loans, and the bank repurchased 1.3 million shares for $323 million. Its estimated CET1 capital ratio was 10.16% at September 30, 2026.
- Lundin Mining Corporation : Lundin Mining Pre - Announces Items Impacting the Third Quarter 2026 Results
Lundin Mining pre-announced items affecting its third quarter 2026 results. Revenue is expected to benefit from about $51 million in positive provisional pricing adjustments on prior-period concentrate sales, mainly for copper. Severe winter storms in Chile's Atacama region caused power outages and temporary suspensions at Caserones, leading to about $66 million in mine standby costs, including $21 million of incremental storm costs and $45 million of fixed overhead; these will be excluded from adjusted EBITDA, adjusted earnings and adjusted earnings per share. The company also expects about $9 million in realized losses on gold collar contracts, and it received a $23 million contingent payment from the Neves-Corvo sale to Boliden during the quarter. All figures are unaudited.
- Euro area household saving rate falls to 14 . 2 per cent in second quarter
According to Eurostat, the euro area household saving rate fell from 14.4% in the first quarter to 14.2% in the second quarter of 2026, as household consumption grew 1.3%, faster than the 1.1% rise in gross disposable income. The household investment rate eased slightly from 8.4% to 8.3%, because gross fixed capital formation grew only 0.5%. By contrast, the profit share of non-financial businesses rose from 38.4% to 39.0%, as compensation of employees and taxes less subsidies grew 1.0% while gross value added rose 2.0%. The business investment rate also increased from 22.5% to 22.7%, driven by a 2.9% rise in business gross fixed capital formation.
- Hedge Fund Launches Fell to an Estimated 100 in the Second Quarter as Liquidations Dropped to 70 , HFR Said :
According to HFR's latest Market Microstructure Report, new hedge fund launches fell to an estimated 100 in the second quarter of 2026 from 166 in the first quarter, while liquidations dropped to an estimated 70 from 129. Total industry capital reached another record of an estimated $5.63 trillion. Equity Hedge and Macro led both launches and closures. Performance dispersion widened: the top decile of the HFRI Fund Weighted Composite Index returned 31.6% on average, while the bottom decile fell 8.7%, a 40.3-percentage-point spread versus 30.1 points in the first quarter. HFR president Kenneth J. Heinz said the trends point to a tougher capital-raising environment for new managers, as investors keep favoring larger, established managers.
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- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
- Zerohash rolls out a new tool to move crypto without copying wallet addresses
Zerohash launched AUTH, a service that lets users move crypto, stablecoins and blockchain-based stock tokens between linked exchange accounts or self-custody wallets without copying wallet addresses or choosing a blockchain network. To transfer, users pick an account in an app that offers AUTH, sign in and approve the move, while the service handles routing and settlement and each app sets which assets and transfer types it allows. AUTH supports more than 600 connections, including Coinbase, Robinhood, Gemini, MetaMask and Phantom, with Coinbase, Robinhood and Gemini live and Kraken in beta. The launch comes as Zerohash's application for a national trust bank charter, returned by the Office of the Comptroller of the Currency in July, remains pending after a narrower refiling on Aug. 18.
- 2 charts show why Wall Street is right to worry about tech stocks
Rising cost of capital could affect the financial statements of hyperscalers such as Oracle (ORCL) and Google (GOOG, GOOGL) in 2027, as they need fresh debt to fund AI infrastructure and free cash flow may turn negative. JPMorgan strategist Mislav Matejka forecasts hyperscaler free cash flow will turn negative in 2027, implying credit markets will drive more of the AI build-out. Consensus estimates for 2027 capital expenditures are already rising from levels experts believe are too low. Morgan Stanley sees total 2027 capex among hyperscalers reaching $1.6 trillion, up from $978 billion estimated for this year. Dan Ives of Yorkville expects capex to reach the trillions and over 1,000 datacenters to be built in the next few years.
- Update on loan rate cuts as of the evening of Oct 19: MB, VietinBank, SHB, OCB join in
SHB, MB, VietinBank and OCB have announced loan rate cuts, following Agribank, Vietcombank, BIDV, ACB, LPBank and VietBank, with typical reductions of 1.5-2% per year. MB is cutting 1.5% per year for five priority sectors, to rates from 7.9% per year, and up to 2% in some cases; VietinBank is cutting up to 2% per year, while OCB offers up to 2.25% per year on some medium- and long-term loans for OCB Priority Banking members. SHB is cutting 1.5-2% per year for businesses and households and offers rates from 5.5% per year for lecturers and students at some universities. Vietcombank commits to cutting at least 2% through year-end, BIDV applies rates from 6% per year on short-term VND loans from 15/10/2026, and VietBank runs a VND 3,000 billion package. Specific benefits depend on borrower type, loan purpose, term and program conditions, following directives from the Government and the State Bank of Vietnam.
- Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel
Modal, a San Francisco-based AI cloud startup that previously ran its AI agent workloads only on Intel and AMD processors, will begin using Nvidia's new Vera CPU. Early tests showed the Nvidia chip doubled work capacity for AI agents, and Modal plans to run it alongside Intel and AMD chips, assigning each task to the most efficient hardware, though integration requires substantial software changes. Modal recently raised $750 million in a round led by Accel at a $15.75 billion valuation and expects $1 billion in sales over the next year, with usage tripled and revenue up more than 15 times year-over-year. Nvidia projects at least $20 billion in Vera chip revenue this fiscal year in a market it estimates at about $200 billion, and says OpenAI, Anthropic, Oracle and Perplexity also plan to use the chips.
- America's EV Plans Have Died
Billions of dollars went into EV factories, dealerships and marketing after President Biden set a goal for 50% of new US car sales to be zero-emission by 2030, but EV sales have since fallen sharply. US EV sales dropped 30.7% in the first nine months of 2026, after the $7,500 tax credit expired on September 30 last year, and gas prices near $4.50 per gallon have done little to lift them. According to Kelley Blue Book, the average transaction price of a new EV was $54,754 in August, above the $50,089 average for all new cars. Ford's EV sales fell 80.2% to 6,047 in the third quarter, and it has no new EV planned until its Fathom launches next year, while Tesla holds over 50% of the market and no other major automaker has even 10%. The article says EVs could recover if gas prices reach $5 and stay there for months, but that is uncertain.
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