News · Yahoo Finance

CEO.CA's Inside the Boardroom: Gold Producer to Scale Molybdenum & Copper Supply Next to China: Erdene Resource Development

An interview video with Peter Akerley, President & CEO of Erdene Resource Development Corp. (TSX: ERD) (MSE: ERDN) (OTCQX: ERDCF), recorded on October 19, 2026 and issued on the company's behalf. According to the video, Erdene is using cash flow from gold production to unlock its portfolio of precious and base metals in Mongolia. The video is part of CEO.CA's 'Inside the Boardroom' series.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

goldminingcommodities

Open a keyword to see other news on the same topic.

Related tickers and likely impact

XAU/USD

• Neutral

Relevance: low

MarketGold
Close on 11/02/20263,946.68
Change that session+1.84%
XAU/USD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • S&P/TSX Composite Index Jumps Mid-Morning as Base Metals Sector Advances

    The S&P/TSX Composite Index rallied more than 350 points mid-morning Monday, with the base metals sector leading most sectors.

    Yahoo Finance·commoditiesCanada
  • C3 Metals hits highest-grade copper-gold-silver mineralization yet at Peru Project

    C3 Metals reported its highest-grade copper-gold-silver mineralization to date at its Khaleesi copper project in southern Peru. Drill hole KHZ5790-005 intersected 64.9 metres grading 2.53% copper, 0.87 g/t gold, 11.6 g/t silver and 6 ppm molybdenum, starting at about 337.6 metres downhole. Within this, a 23.3-metre section graded 4.75% copper, 1.84 g/t gold, 20.4 g/t silver and 5 ppm molybdenum, equal to 6.64% CuEq, while the broader intercept graded 3.45% CuEq. The company says it is still at an early stage in understanding the geometry and extent of this higher-grade zone, and is prioritizing step-out drilling at roughly 50 to 100 metre intervals. It has recently completed drone magnetic and gravity surveys over about 1,500 hectares, and a 3DIP survey that began in late September is expected to finish in November 2026, to determine whether the zone is localized or part of a larger system.

    Yahoo Finance·mininggoldcommodities
  • C3 Metals Intersects 64.9 Metres at 3.45% Copper Equivalent, Including 23.3 Metres at 6.64% Copper Equivalent at its Khaleesi Project, Peru - Highest Grade Copper and Gold Mineralization Intersected to Date at Khaleesi

    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.

    Yahoo Finance·goldcommoditiesmining
  • 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.

    Yahoo Finance·mininggoldcommodities
  • 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.

    Yahoo Finance·miningcommoditiesgold
  • 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.

    Yahoo Finance·mininggoldmetals

Related markets

Gold →

Latest news

  • Nasdaq-100 in correction again as AI earnings ‘not good enough’

    Luke Kawa of Sherwood News says this round of big-tech earnings was good but “not good enough” for the market, pushing the Nasdaq 100 into correction for the third time this year. US chip stocks had fallen 29% from their June high, though they remain up on the year. He notes Amazon and Alphabet reported solid numbers, with AWS expected to grow 40% in 2027 and 2028, yet the results failed to satisfy investors. Citing Conor Sen, he argues the bigger issue is the debt and stock issuance hyperscalers are using to fund AI buildouts. After steady bond and stock supply, spreads on the group’s long-dated bonds have widened, and there was no US investment-grade bond issuance from them in September.

    Yahoo Finance·▼ QQQ▼ MSFT▼ NVDA▼ SPYQQQNVDAartificial intelligence
  • PLTR Stock Gets Price Target Hikes After ‘Another Top-Line Blowout,’ But Jefferies Sees Better AI Bets In MSFT, ORCL, SNOW Shares

    Palantir (PLTR) shares fell about 5% in morning trade, even as several analysts raised their price targets after third-quarter results. Revenue rose 96% year over year to $2.31 billion, beating expectations of $2.17 billion, and the company raised its full-year revenue forecast to $8.53 billion from about $8.15 billion. The main concern was total contract value (TCV), which grew only 6% to $2.92 billion, sharply down from 49% growth in the second quarter, with analysts linking the slowdown to shorter contracts. Citi raised its target to $265 and kept a 'Buy' rating, while Jefferies held its $80 target with an 'Underperform' rating and said Microsoft (MSFT), Oracle (ORCL) and Snowflake (SNOW) offer more compelling risk and reward. On Stocktwits, retail sentiment flipped to 'bullish' and message volume rose over 1,100% in 24 hours.

    Yahoo Finance·▲ MSFTPalantirearningsartificial intelligence
  • The 'poison pill' ballot measure that could kill the California billionaire tax

    California voters are deciding today on Proposition 40, the Billionaire Tax Act, which would impose a one-time 5% tax on the net worth of Californians worth more than $1 billion, affecting the state's roughly 250 billionaires. A recent Public Policy Institute of California poll shows it trailing, with 46% in support and 52% opposed, after a $300 million ad campaign funded by tech billionaires and business groups. Tax experts say Proposition 42, a 'poison pill' measure that would permanently ban new state taxes on personal property and retroactive taxes, could undermine it if it gets more votes, as voters fear for their retirement accounts. Jared Walczak of Walczak Policy Consulting said both Proposition 41 and Proposition 42, created by a political action committee funded by tech executives and billionaires opposed to the tax, could win majority support.

    CNBC·taxesCaliforniabillionaires
  • Anthropic's $100 billion financing gamble

    In The Loop host Ejaaz Ahamadeen examines Anthropic's (ANTH.PVT) third-quarter operating loss and compares it with how other hyperscalers finance their AI build-outs. He argues Anthropic lacks other revenue streams like Google or Meta, and that it needs to raise $100 billion in roughly two weeks. He also points to OpenAI's failure to raise $30 billion and Elon Musk's struggle to raise $42 billion for compute, saying market sentiment may be at its lowest since the AI hype began.

    Yahoo Finance·• MSFT• NVDAAnthropicOpenAIAI investment
  • Tesla’s China-Made EV Sales Rise For 12th Straight Month – European Recovery Adds To Momentum

    Tesla sold 67,829 Model 3 and Model Y vehicles made at its Shanghai plant in October, up 10.3% year over year, extending China-made sales growth to 12 straight months. Wholesale sales, including domestic deliveries and exports, fell 28.9% from the previous month to their lowest since February, though the first 10 months of 2026 rose 21.4% to 810,889 units. In Europe, October registrations jumped 248% in Sweden, 131% in Norway, 271% in Spain and 94% in Italy, supported by higher fuel prices, government incentives and rising EV demand. Bank of America flagged China as the biggest regulatory risk to the proposed Tesla and SpaceX (SPCX) merger, since Shanghai operations would fall under a major U.S. defense contractor. TSLA is down more than 7% year to date but has gained more than 29% over the past three months.

    Yahoo Finance·▲ TSLATSLAelectric vehiclesChina
  • You Can See The Diarrhea in YUM! Brands Third Quarter

    A Cyclospora outbreak pushed Taco Bell's same-store sales down 4%, but its regular customers have already returned. KFC's U.S. business is now the bigger problem.

    Yahoo Finance·earningsYum Brands

All news →

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.