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McKinsey's Global Materials Perspective 2026 says mining industry EBITDA margins reached 27% in 2025 even though revenue grew only about 1%, with gold and copper driving most of the gain. Gold prices rose 45%, and gold overtook steel and thermal coal in the industry's profit pool for the first time. Industry EBITDA passed US$800 billion, and McKinsey estimates about US$4.2 trillion of investment may be needed by 2035. The article highlights Mexico, the world's largest silver producer, which sent US$11.58 billion of mining and metal exports to the United States in 2025.
- Top Australian Penny Stocks For October 2026
The article highlights three Australian penny stocks that have risen over the past year, against a backdrop of accelerating US inflation and tech share volatility. Alkane Resources (market cap A$2.4b) is a multi-mine gold producer with copper exposure from its Boda project, generating about A$935.8 million in revenue from the Tomingley, Bjorkdal and Costerfield mines. Ventia Services Group (market cap A$4.7b) runs long-term infrastructure services in Australia and New Zealand, with a record A$20.6 billion work in hand (up 19.4%) and a 95% contract renewal rate. SRG Global (market cap A$2.2b) generates about A$1.15 billion from maintenance and industrial services, and says roughly 80% of its earnings are annuity-style. The article flags risks including Alkane's greater complexity and the Boda-Kaiser capex project, and the rest is largely promotion for a fuller screener.
- Northern Star Resources takeover : Gold Fields pushes $38 billion merger plan to institutional shareholders
Gold Fields, a South African miner, is taking its $38 billion pursuit of Northern Star Resources to local institutional investors after Northern Star's board rejected it as 'highly opportunistic'. CEO Mike Fraser argues the combination would create the world's second-biggest gold producer, making 4.1 million ounces a year and controlling eight of Australia's 20 biggest gold mines. The initial offer of 0.3125 new Gold Fields shares plus $7.25 cash per Northern Star share valued the company at $38.7 billion, a 22 per cent premium, but chairman Michael Chaney said it did not reflect the company's value and now sits below its share price. Activist fund Elliott Investment Management, which holds a 6 per cent stake, is among the shareholders Gold Fields is courting.
- Gold prices today, Monday, October 19, 2026: Little change in gold prices as oil sailed to May highs
December gold futures opened at $4,185 per troy ounce, up 0.1% from Friday's close, and were at about $4,190.50 by 7:06 a.m. ET. Brent crude remained above $110 a barrel at the open after first topping that level since May on Friday, but slipped back after President Trump announced waivers on sanctions and tariffs on Russia to boost its oil exports. Compared with one week, one month and one year ago, the opening gold price was 0.8%, 4.5% and 3.8% lower, and the article says high oil prices have not changed expectations that the Fed will keep rates steady next month.
- Second Porphyry Discovery Confirmed at La Verde
Hot Chili confirmed a second porphyry centre, La Verde South, about 30 km south of the Costa Fuego processing hub, near-doubling the growth potential of La Verde. Step-out RC hole DKP084, about 250 m south of La Verde's +0.4% Cu footprint, intersected 148 m grading 0.44% CuEq (0.39% Cu, 0.07 g/t Au) from 36 m, including 44 m at 0.56% CuEq from 138 m. Diamond hole DKD100, 100 m further south, visually recorded a 307 m interval of copper porphyry-style mineralisation and was still drilling at 347 m toward a planned 500 m. The maiden La Verde Mineral Resource Estimate, the revised Costa Fuego PFS and the EIA submission remain on track, with 4 drill rigs operating and assays pending for 25 holes.
- Americas Gold and Silver Corporation Announces Record Quarterly Silver Production and Sales of 800,458 Ounces Produced and 860,850 Ounces Sold
Americas Gold and Silver reported record third-quarter 2026 silver production of 800,458 ounces and record silver sales of 860,850 ounces. Production at Cosalá reached 415,879 ounces, up 23% quarter-over-quarter, supported by strong grades in the EC120 orebody. Year-to-date silver production totals 2.3 million ounces, in line with expectations, and the company remains on track to meet full-year 2026 guidance of 3.2 to 3.6 million ounces. At the Galena Complex, the company is advancing infrastructure projects including a paste fill plant and an upgrade of the No. 3 hoist to support higher future output. As of September 30, 2026, the company had cash of US$63 million and available liquidity of US$113 million.
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Hai Phong Thermal Power (HND) disclosed an appellate ruling in a coal supply dispute with Dan Ka Mineral, under which the court accepted the plaintiff's appeal and ordered the company to pay nearly VND 115 billion, including a coal price difference of over VND 80.15 billion and interest of over VND 34.65 billion. The dispute stems from a 2021 contract, with disagreement over price adjustments after global coal prices rose sharply in 2022. Duong Son Ba, the company's general director, was arrested on 21 May 2026 over alleged forgery of documents of an agency or organisation, and the board dismissed him from the post on 13 October, with no successor yet announced. In the first half of 2026, the company reported net revenue of nearly VND 6,081 billion, up 8%, and after-tax profit of over VND 508 billion, up nearly 25%.
- Iran threatens to use the 'father of all missiles' to strike adversaries' energy facilities
Major General Mohammad Reza Naqdi, senior adviser to the IRGC commander, said at a rally in Sari on October 18 that Iran has prepared the most advanced missiles and will respond to any aggression. He warned that energy infrastructure and investments belonging to powers Tehran deems aggressive in the region could fall within Iranian missile range. His remarks answered US President Donald Trump's threat to use the GBU-43/B MOAB, often called the 'mother of all bombs' and weighing about 14 tons, against Iran's energy infrastructure and nuclear sites. Naqdi said Iran also possesses these bombs, having seized some that failed to detonate in the 12-day war, and called Trump's impatience a 'public admission of defeat'.
- Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal
Strategy (MSTR) is about to form a golden cross, when its 50-day average rises above its 200-day average, possibly as early as Monday, just weeks after bitcoin showed the same bullish signal. The company holds $69.81 billion in bitcoin, and its stock has had two earlier golden crosses followed by big rallies: from $15.57 in September 2020 to $127.29 by February 2021, a 717% gain, and from $25.29 on March 2, 2023 to a peak of $473.83 in November 2024, up 1,774%. The article stresses the signal is unreliable, though: since 1999 MSTR has had 19 golden crosses, and only 10 were followed by a higher price 12 months later, a 50% hit rate, with a median 12-month return of just 3.3%. The two worst cases, in 2001 and 2007, were followed by a 61% loss.
- Director of the HCMC Institute of Economics, Natural Resources and Environment: Four major corporations have raised plans to invest in Vietnam, but pulled back when asked about power capacity
At a seminar co-organized by Tien Phong newspaper and the HCMC Department of Construction on October 16, TS. Phạm Viết Thuận said the city should treat infrastructure as an integrated system rather than focusing only on transport. He argued that 11 main and 13 secondary infrastructure categories, including power, water drainage, industrial zones and logistics, need to be synchronized for the city to develop its economy. To address flooding, he proposed surveying 159 flood-prone points and building ecological lakes at major spots. He also noted that four large corporations had considered investing in Vietnam but withdrew when asked about grid power capacity. Department director Trần Quang Lâm said capital mobilization and land policy need further study, while traffic congestion, flooding and pollution remain the city’s top priorities.
- Live updates: Bitcoin tags $83,000 and slips back as chip stocks lead a rebound
Bitcoin climbed from an overnight low near $80,700 to just above $83,000 early Monday, then slipped back to about $82,400 as sellers stepped in, and was up 0.3% over 24 hours. The bounce followed tech stocks, with Nasdaq 100 futures up 1.1%, snapping a weeklong 5.5% selloff, and an ETF tracking chipmakers jumping 3%. WTI crude recovered to $98.55 after touching $96.72, as the U.S. warned citizens across 12 Middle East locations of possible flight cancellations and airspace closures, raising fears of fresh strikes on Iran and disruption at the Strait of Hormuz. In Europe, the Stoxx 600 fell 0.8% after protests in France. Bitcoin would need to move through $84,000, its ceiling on October 13 and 14, to signal that the tech rebound is lifting it too.
- Baystreet . ca - When Might October Nasdaq Correction End ?
The Nasdaq Composite (QQQ ETF) is 6.96% below its 52-week high after falling 5.52% last week, close to the 10% threshold for a technical correction. The article says high oil prices, sustained by Iran's control of traffic through the Strait of Hormuz, keep September CPI and PPI rising, and that Iran wants higher oil prices to hurt the Republican Party before the midterm elections, so the correction in beaten-down stocks may continue. CoreWeave (CRWV) lost 25.21% last week, closing just 3% above its yearly low, while bears holding a 17% short float bet its $50 billion debt is unsustainable. Nebius (NBIS) fell 25% and Twilio (TWLO) dropped 15.6%, while Autodesk (ADSK), Salesforce (CRM) and Adobe (ADBE) drew buying. The article suggests volatility may ease after the midterms.
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