C3 Metals (TSXV: CCCM) intersected 64.9 metres at 3.45% copper equivalent (2.53% copper, 0.87 g/t gold, 11.6 g/t silver) in drill hole KHZ5790-005 at its 100%-owned Khaleesi copper project in southern Peru, including 23.3 metres at 6.64% copper equivalent. The company says these are the highest copper grades encountered to date at Khaleesi, and follow-up drilling is underway to test the geometry, continuity and extent of the high-grade mineralization. Copper equivalent uses three-year trailing average prices for 2023–2025 and assumes 80% metallurgical recovery. All intervals are downhole core lengths, and true thicknesses have not yet been determined.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Pecoy Copper Announces C$49.8 Million Strategic Financing Led by Hudbay Minerals
Pecoy Copper (TSXV: PCU) has entered into subscription agreements with Hudbay Minerals and an additional strategic investor to raise approximately C$49.8 million in gross proceeds at C$2.02 per share. Hudbay will subscribe for 14,914,100 shares (about C$30.1 million) and the strategic investor for 9,762,425 shares (about C$19.7 million), at a 10% premium to the 10-day VWAP on the TSXV as of October 30, 2026. Each investor is expected to hold about 9.99% of the outstanding shares after closing, and Hudbay would receive rights including participation in equity financings and the right to nominate one board director. Proceeds will fund exploration, resource definition and technical studies at the Pecoy copper-gold project in southern Peru, including a planned updated mineral resource estimate. Closing is expected on or about November 5, 2026, subject to customary conditions and TSXV acceptance.
- 5 Non-Ferrous Metal Mining Stocks to Watch in a Challenging Industry
Zacks says prospects for the Mining - Non Ferrous industry remain challenged by volatile metal prices, rising costs, labor shortages and supply-chain issues, though demand is expected to be supported by the energy-transition trend. Copper futures slipped toward $6.50 per pound for a second straight session, gold fell below $4,000 per ounce, silver dropped below $51, and uranium stayed near six-month highs around $90 per pound. Miners face higher electricity, water, materials and freight costs, so they are focusing on cost reduction and digital innovation, while demand is driven by electric vehicles, renewable energy and the U.S. Infrastructure Investment and Jobs Act. The industry carries a Zacks Industry Rank of #188 out of 247, placing it in the bottom 24% and indicating dull near-term prospects. The article highlights Southern Copper (SCCO), Freeport-McMoRan (FCX), First Quantum Minerals (FQVLF), Lundin Mining (LUNMF) and Centrus Energy (LEU) as companies to watch.
- Largo Begins Copper, Gold and PGM Production in Q3 2026, Revises Vanadium Guidance
Largo began producing copper, gold, platinum and palladium concentrates in Q3 at its Maracás Menchen Mine in Brazil, with output of 108 tonnes of copper, 289 ounces of gold, 166 ounces of platinum and 291 ounces of palladium. Vanadium pentoxide (V₂O₅) production fell to 2,093 tonnes from 2,636 tonnes a year earlier, though the first nine months of 2026 rose 23% to 7,609 tonnes. The company cut its 2026 V₂O₅ production guidance to 9,500 to 10,500 tonnes from 10,500 to 12,000 tonnes, kept its sales guidance at 7,500 to 9,500 tonnes and raised its adjusted cash operating cost guidance to $5.00 to $6.00 per pound. Largo also signed a debt restructuring agreement with Banco Santander (Brasil), bringing about 58.4% of its commercial bank senior debt under restructuring arrangements, with a final maturity of March 2030.
- Largo Reports Q3 2026 Production and Sales Results Reflecting Vanadium Diversification with First Production of Copper, Gold and Platinum Group Metals; Advances Commercial Bank Debt Restructuring
Largo reported Q3 2026 V₂O₅ production of 2,093 tonnes, down from 2,636 tonnes a year earlier as it reduced inventories and focused on higher-margin products, while sales held steady at 2,428 tonnes. Year-to-date production of 7,609 tonnes was up 23%. The company recorded its first production of copper (108 tonnes), gold (289 ounces), platinum (166 ounces) and palladium (291 ounces) as by-products of its vanadium operations. Largo maintained its V₂O₅ sales guidance of 7,500–9,500 MT but lowered production guidance to 9,500–10,500 MT from 10,500–12,000 MT. It also executed a restructuring agreement with Banco Santander (Brasil), bringing agreements to cover approximately 58.4% of its commercial bank senior debt.
- FireFly Metals closes September quarter with A$3 billion Green Bay valuation case and A$350 million funding position
FireFly Metals (ASX/TSX: FFM) ended the September quarter with a Preliminary Economic Assessment (PEA) for its Green Bay copper-gold project in Canada and about A$349.7 million in cash and liquid investments. During the quarter it raised about A$185 million through an institutional placement and a Share Purchase Plan. The PEA's 1.8 million tonnes per annum base case shows an after-tax NPV of A$2.2 billion and a 41% IRR, while the 4.6 Mtpa scenario shows an A$3 billion NPV and a 39% IRR. The Mineral Resource rose to 60.2 million tonnes at 2.4% copper equivalent in Measured and Indicated categories, plus 23.5 million tonnes at 2.5% in Inferred. FireFly expects to release a maiden Ore Reserve and DFS in Q1 2027, with a targeted Final Investment Decision in mid-2027.
- Small Cap watch: Nova Minerals clears antimony permits and gold explorers gear up
Nova Minerals (ASX:NVA, NYSE-A:NVA) received final Alaska Department of Natural Resources approvals for its antimony project, targeting production in 2027, with Phase 1 fully funded by its US$43.4 million Department of War award. Novo Resources (TSX:NVO, ASX:NVO) has secured the approvals to begin an approximately 2,700-metre reverse circulation drilling program at its Tibooburra Gold Project in New South Wales, starting in November. Janus Electric (ASX:JNS) secured a strategic equity investment of about A$2 million from Electrovaya, which builds on an existing battery supply agreement. Pilbara Gold (ASX:PGL) reported drilling showing mineralised banded iron formation continues below its current resource at Mt York. archTIS (ASX:AR9) extended A$4 million of its A$8 million Commonwealth Bank facilities to April 30, 2027, from October 30, 2026.
Related markets
Latest news
- Why Big Tech stocks should be priced more like utility companies
The discussion argues that AI has pushed Big Tech toward a business model closer to utilities, so investors may price the sector accordingly. Although earnings were not poor, they were not enough to support the market, as investors now ask who will profit, what margins look like, and when the promise of AI will be fulfilled. A widely shared X post argues that AI requires heavy upfront spending, long payback periods and profits tied to keeping infrastructure running, so the economic moat has shifted from code to cash. The speakers see utilities as cash generators rather than growth stocks and suggest Big Tech may become a hybrid, but Barron's Al Root called the view a familiar argument that AI monetization may not justify the spending.
- Former Microsoft and Cisco Security Executive Edna Conway Joins Known Advisory Council
Known, a company building accountability infrastructure for autonomous AI, announced that Edna Conway has joined its Advisory Council. Conway previously served as Vice President and Chief Security & Risk Officer for Cloud Infrastructure at Microsoft and as Chief Security Officer for the Global Value Chain at Cisco, and currently works as Chief Operating and Risk Officer at TPO Group and CEO of EMC Advisors. Interim CEO Allie Kline said that as AI agents operate across organizational and platform boundaries, establishing who they represent and who is accountable is becoming critical, and that Known will advance DNSid as an open foundation for accountability.
- Earnings from Apple, Palantir, and jobs report data: What to Watch
The article previews key stories for investors in the week of Nov. 2. The focus is on earnings calls from Apple (AAPL) and Palantir (PLTR), along with the latest jobs report data being released.
- Western Gold Exploration Intersects 3.9 m @ 7.17 g/t Gold in Maiden Drilling at the Caledonian Gold Project, Scotland
Western Gold Exploration (TSXV: WGLD) reported results from its maiden drilling at the Coire a'Ghabhalach (CaG Vein) target in the Caledonian Gold Project, Scotland, with 4 diamond holes totalling 667 m. Across 7 holes in the Lyon area, about 1,260 m was drilled, while results from 3 holes at Creag Sheileach are pending. Hole GLDD26_004 intersected 3.9 m grading 7.17 g/t Au, 27.8 g/t Ag, 2.1% Zn and 6.51% Pb from 86.0 m, including 0.5 m at 42.8 g/t Au. Gold-bearing veins were intercepted in all four holes and remain open along strike and down dip. The company is evaluating follow-up work, including a ground IP geophysical survey and a soil grid extension to trace the vein along strike before further drilling.
- Astera Labs Fell Harder Than the Market in the AI Selloff. Here's What November 3 Must Show
Astera Labs (ALAB) fell 11% on October 30, nearly four times the Nasdaq Composite's 2.9% drop, amid broader AI spending worries sparked by news from Alphabet, Amazon and Intel rather than Astera itself. The company reports third-quarter results after the close on November 3. Analysts expect 2026 revenue of $1.91 billion, which the article says requires a fourth-quarter guide of $648 million to $668 million to stay intact. Gross margin is guided to about 72% for the third quarter, down from 76.3% in the first quarter, with roughly half the decline from a non-cash Amazon warrant charge and the rest from hardware mix. At 46x forward earnings, versus a one-year average of 72x, the stock sits near the bottom of its range.
- Premarket movers: Estee Lauder, Rivian rise premarket; Check Point falls
U.S. stock index futures pointed higher on Monday, with investors turning to Apple for shelter from AI spending concerns ahead of Tuesday's midterm elections. Estee Lauder rose 2.4% premarket after raising its annual sales and profit forecasts, with quarterly sales up 7% to $3.72 billion. Check Point Software fell 9.9% after a weaker-than-expected fourth-quarter revenue forecast, while Rivian gained 3.2% to $12.55 after UBS upgraded it to Buy from Neutral with a $17 price target. Okta rose 2.7% after S&P Dow Jones Indices selected it to join the S&P 500, replacing Kenvue before the open on Wednesday, November 4.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.