TokenPost topic
Mining
84 TokenPost stories are tagged Mining. The newest appear first.
Latest Mining stories
- Freeport-McMoRan Shares Rise 0.9% After Q3 Earnings Beat Estimates
Net profit nearly doubled year over year, but copper and gold output fell and unit cash costs rose 48%.
· Business
- Iron Ore Hits Two-Year Low at $89.25 as China Inventories Top Year-Earlier Levels by 14%
China’s crude steel output fell 2.9% in the first nine months of 2026, while iron ore imports rose 4.1%.
· Investing
- Monero Hashrate Reaches Six-Month High Near January Record
Monero (XMR)'s network reached 7.17 GH/s, while the four largest mining pools supplied 75% of its computing power.
· Investing
- Alliance Resource Partners Forecasts About 550,000-Ton Mettiki Output Gain in 2027
Craft said the new multiyear agreement will allow nearly 150 miners to return to production. ARLP forecast 2026 coal sales of 34.5 million to 35.5 million short tons.
· Business
- Golden Minerals Seeks C$5 Million as Funds Could Run Out by Year-End
The company says it could face liquidation without financing. The proposed placement could increase its fully diluted share count by about 94.5% and still needs Toronto Stock Exchange approval.
· Business
- Bitcoin Hashrate Rebounds to Its Highest Level Since March 3
The network had already topped 1,000 EH/s by Oct. 17, while publicly traded miners’ realized hashrate fell 15% in the first half of 2026.
· Technology
- Tether Gets 15 Commitments for Bitcoin (BTC) Mining Toolkit Integrations
The integrations will connect participants’ hardware, pools or systems through MDK Workers, while Tether’s QVAC mining agent already uses the toolkit.
· Technology
- Namib Minerals Signs Nonbinding $30 Million Term Sheet for Redwing Mine
The proposed 36-month Ecobank facility would support drilling and bankability work, subject to final documents and customary conditions.
· Business
- Rio Tinto Plans $1.9 Billion Kangwinan Bauxite Project in Queensland
The planned development is intended to support an expansion of the company’s Weipa operations in Queensland, Australia.
· Business
- Metso Q3 Orders Climb 28% as Sales Reach €1.373 Billion
Sales rose 3% for the quarter, while earnings per share from continuing operations fell to €0.15 from €0.17 a year earlier.
· Business
- Southern Copper Sets Q3 Sales Record at $4.70 Billion as Income Per Share Rises
Sales rose 39.1% year over year as higher metal prices and zinc sales growth outweighed lower volumes for copper, molybdenum and silver.
· Business
- Texas Capital Starts USA Rare Earth Coverage at Buy With $28 Target
The company broke ground on its South Carolina metal and magnet facility in September, with commissioning targeted to begin in 2028.
· Investing
- Silvercorp Shares Drop 5.22% as Preliminary Q2 Revenue Falls 13%
Lower output at the Ying Mining District weighed on revenue despite higher realized silver and gold prices.
· Business
- Anglo American Copper Output Drops 5% as 2026 Target Holds
The miner lowered its copper unit-cost forecast to about 139 U.S. cents per pound from 145 cents.
· Business
- Copper Supply Gap Could Reach 20 Million Metric Tons by 2050
New copper mines would require an estimated $332 billion in investment as global demand for the metal is projected to rise 61% from 2026 to 2050.
· Investing
- Bitcoin Has Issued 95.7% of Its Cap as Mining Subsidies Decline
At block 972,334 on Oct. 20, roughly 899,000 BTC remained to be created under Bitcoin’s issuance schedule.
· Technology
- Pearl’s Two Leading Mining Pools Control Most of Its Hashrate
Three hard forks over a few months addressed mining vulnerabilities, while restrictions on supported hardware have drawn criticism over development-team centralization and censorship resistance.
· Technology
- Anglo American Held Talks With Tech Firms Over Mining Stakes
CEO Duncan Wanblad said Thursday that the discussions involved potential equity investments in the miner.
· Business
- Antofagasta Raises 2026 Cash-Cost Outlook After Q3 Copper Output Gains 7%
The miner kept its 2026 production target at 625,000 to 655,000 metric tons and set 2027 output guidance at 630,000 to 690,000 metric tons.
· Business
- Evolution Mining Produces 154,000 Ounces of Gold in September Quarter
Copper output was 18,000 metric tons, and all-in sustaining cost was A$1,653 per ounce as the company maintained FY27 guidance.
· Business
- Binance to Close Bitcoin (BTC) Pool as Network Hashrate Share Falls Below 1%
Its estimated share of Bitcoin’s network hashrate fell to 0.84% on Oct. 15 from 2.3% at year-end 2025. Miners have until Nov. 10 to redirect equipment.
· Business
- Institutional buying and hash-rate recovery bolster case for a Bitcoin bottom
Institutional net buying near 130% of daily mined supply and a renewed rise in hash rate support the case for a Bitcoin bottom. Rates around 5.3% remain the main near-term risk.
· Investing
- GoldMining Posts Third-Quarter GAAP EPS of -C$0.05
The company held C$16.675 million in cash and cash equivalents as of Aug. 31, 2026.
· Business
- Bitcoin Hashrate Rises for Second Month as Ki Young Ju Says Selling Eases
MARA’s average mining cost was $59,774, below Bitcoin’s market price. Hashrate rose for two months after nine consecutive months of declines.
· Investing
- Endeavour Silver Restores Guanacevi Mill Processing Capacity
Repairs to the primary ball mill trunnion at the mine in Mexico are complete, and the replacement part has been installed.
· Business
- Rio Tinto Keeps $5 Billion Capital Release Plan on Track
Pilbara iron ore sales rose 2% to 85.7 million metric tons in the third quarter. The company has delivered more than $2 billion in capital releases so far this year.
· Business
- Glencore Begins Trading on the Australian Securities Exchange
The Swiss-based mining and commodities trading group is seeking to broaden its investor base and address a valuation discount to mining peers.
· Business
- Binance Will Shut Down Its Bitcoin Mining Pool After Six Years
The closure will end Binance Pool and related services at 2 a.m. ET (07:00 UTC) on Nov. 10, 2026.
· Business
- YieldMax Strategic Metals & Mining ETF Sets $0.2072 Distribution
MINY will use Oct. 14, 2026, as its ex-dividend and record date, with payment scheduled for Oct. 15.
· Investing
- Bank of America Raises 2026 Copper Forecast to $13,278
The bank lifted its long-term copper estimate to $13,578 per metric ton while cutting its 2026 uranium forecast to about $97 per pound.
· Investing
- UBS Names Four Copper Miners as Supply Tightens Against Demand
Electrification and data-center construction are expected to keep copper demand ahead of supply for several years as global inventories approach historic lows.
· Investing
- Aura Minerals Shares Rise 10.7% After Record-High Q3 Output
Preliminary production totaled 95,557 gold equivalent ounces from six operating mines, up 27% from the second quarter and 29% from a year earlier.
· Business
- Centinela Copper Mine Strike Could Hit Antofagasta Production
The unions represent more than 700 workers, while the mine produced 240,400 metric tons of copper in 2025.
· Business
- NovaGold Targets 100% Donlin Gold Ownership by Year-End
The proposed consolidation remains subject to approvals, permitting and litigation matters, with a bankable feasibility study targeted for 2027.
· Business
- Endeavour Silver Posts 19% Gain in Third-Quarter Production
The company produced 3.61 million silver-equivalent ounces as disruptions limited growth during the quarter. Shares rose 0.6% Thursday.
· Business
- What the Bitcoin Puell Multiple Measures
The indicator divides daily mining revenue in U.S. dollars by its 365-day moving average. A value above 1 means daily revenue exceeds that average.
· Investing
- Bitcoin Was 79,974 Blocks From Its Next Halving on Oct. 5
The subsidy is scheduled to fall from 3.125 BTC to 1.5625 BTC at block 1,050,000. The event is estimated for 2028.
· Technology
- Riot Platforms Repays $200 Million Bitcoin-Backed Facility Early
The facility carried a fixed 6.15% annual interest rate and was scheduled to mature in April 2027.
· Business
- Iris Energy Shares Drop 38% as Bitcoin Miner Bets on AI Pivot
Iris Energy (IREN) shares fell sharply as the firm pivots from Bitcoin mining to AI data centers, with investors weighing execution risks against long-term AI demand.
· Business
- Yukon Metals Expands Yukon Footprint as Birch Drilling Signals District Potential
Yukon Metals reported promising Birch drill results and secured a nearby copper-gold property, strengthening its push to build a district-scale exploration play in Canada’s Yukon.
· Business