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Martino de Ciccio of Montage Gold (TSX:MAU,OTCQX:MAUTF) shares his thoughts on the gold market as his company prepares to pour first gold at its Koné mine in Côte d'Ivoire. "I couldn't think of a better time to be entering production than than now," he said. Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

John Feneck, portfolio manager and consultant at Feneck Consulting, shares his latest thoughts on gold, including where he sees the yellow metal ending the year. While he's optimistic about 2027, he doesn't see it retaking all-time highs before then. Feneck also mentions gold, defense metals and energy stocks he's currently watching. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Australian billionaire Gina Rinehart has become a formidable force in the global mining industry. After taking the helm of her father’s iron ore firm Hancock Prospecting in 1992, she embarked upon a diversification strategy that has vastly expanded her resource empire. Now Australia’s richest person, Rinehart has investments in many of the world’s most strategic commodities such as lithium, rare earths, copper, potash and natural gas. One of those investments is Arafura Rare Earths (ASX:ARU,OTCPL:ARAFF), which even in a low price environment for rare earth metals managed to secure nearly AU$1.5 billion in debt financing in mid-2024 to advance its Nolans project in the Northern Territory. Rinehart’s Hancock Prospecting is Arafura's largest shareholder, after committing an additional AU$85 million to the project in May 2026, raised its stake in the company to 17.5 percent. In addition to Arafura, entrepreneur Rinehart’s investment portfolio contains other ex-China, critical mineral companies like Australian lithium firm Liontown (ASX:LTR,OTCPL:LINRF), as well as rare earths producers MP Materials (NYSE:MP) and Lynas Rare Earths (ASX:LYC,OTCQX:LYSDY). Rinehart’s role in the acquisition of Azure Minerals and its Andover lithium project in Western Australia alongside lithium giant SQM (NYSE:SQM) also made headlines. In this article Who is Gina Rinehart?How did Gina Rinehart get rich?What mining companies does Gina Rinehart own?Where does Hancock Prospecting mine iron?Gina Rinehart’s iron ore investmentsGina Rinehart’s lithium investmentsGina Rinehart’s rare earth metals investmentsGina Rinehart’s copper investmentsGina Rinehart’s oil and gas investmentsGina Rinehart’s potash and agriculture investmentsGina Rinehart's gold investmentsFAQs for Gina Rinehart Who is Gina Rinehart? Gina Rinehart is an Australian iron ore magnate and the executive chair of Hancock Prospecting. She is the richest person in Australia and one of the world’s richest women with an estimated net worth of AU$35.6 billion. Rinehart is the daughter of Australian mining mogul and Hancock Prospecting founder, the late Lang Hancock.As the current executive chair of Hancock Prospecting, Rinehart won the inaugural Lifetime Achievement Award from CEO Magazine in 2019. Rinehart was appointed as an Officer of the Order of Australia in 2022 for her “distinguished service to the mining sector, to the community through philanthropic initiatives, and to sport as a patron.” ​How did Gina Rinehart get rich? Gina Rinehart's Hancock Prospecting acquired the Roy Hill tenements in 1993. Centring the massive project as the cornerstone of the company, Hancock Prospecting has greatly benefited from the iron ore market boom that began in the early 2000s.Today, Roy Hill is Australia’s largest iron ore mine, with production of 61.6 million tonnes of iron ore in 2025. Success at Roy Hill has made Hancock Prospecting Australia’s second highest private company by revenue in 2025 at an estimated AU$15.8 billion following five years in first place. As with many of the world’s most successful billionaires, Gina Rinehart has developed an investment strategy based on strategic partnerships as well as diversification to mitigate risk and build value. Under her leadership, Hancock Prospecting Pty Limited (HPPL) as well as the HPPL Group of companies has expanded into some of the world’s most economically important markets, such as real estate, agriculture, energy and critical metals. For the 2025 fiscal year, Rinehart's Hancock Prospecting reported a profit of AU$3.08 billion, down from the AU$5.6 billion posted in the previous year. What mining companies does Gina Rinehart own? Through her company Hancock Prospecting, Gina Rinehart owns interest in mining companies across many sectors, including iron ore, lithium, rare earths, copper, oil and natural gas, and potash. These include exploration-stage firms such as Titan Minerals (ASX:TTM) and development-stage Azure Minerals as well as producers such as Atlas Iron and MP Materials.While much of her investment portfolio is focused on Australia and ASX companies, Rinehart is actively strengthening the geographical diversification of her investments. In recent years, Rinehart has made a series of key investments in mining companies, especially targeting critical metals projects in Germany, Brazil, Ecuador and the United States. Where does Hancock Prospecting mine iron? Photo of Roy Hill iron ore mine via Roy Hill.Vehicles hauling ore at Roy Hill iron ore mine.Hancock Prospecting’s Roy Hill and Hope Downs iron ore mines are in Western Australia's resource-rich Pilbara region. Roy Hill has attracted strategic partnerships with major global enterprises: Marubeni (TSE:8002) has a 15 percent equity stake, POSCO Holdings (NYSE:PKX,KRX:005490) has a 12.5 percent stake and China Steel (TPE:2002) has a 2.5 percent stake. The minority partners purchase a combined 28.75 million tonnes of iron ore annually from Roy Hill’s production.In September 2024, Hancock Prospecting got the green light to begin construction at the McPhee Creek iron mine located about 100 kilometres north of the Roy Hill mine after a long approval process. Hancock announced in June 2026 that the mine achieved first production.The McPhee iron mine is expected to produce around 8 million tonnes of the metal each year over an estimated 15 year mine life, and ore will be transported by road trains to Roy Hill for processing and blending. The goal is to improve the larger mine's product mix and sustain its production volumes.The Hope Downs iron ore complex is another of Australia’s largest iron ore projects. A 50/50 joint venture partnership with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), Hope Downs hosts four open-pit mines and has an annual production capacity of 47 million tonnes.In June 2025, the partners announced a combined investment of US$1.6 billion to develop the Hope Downs 2 iron ore project, a part of the main JV. The project hosts the Hope Downs 2 and Bedded Hilltop deposits, which together will have a total annual production capacity of 31 million tonnes.Hope Downs has also been the subject of a more than decade-long civil dispute in a Western Australian court over royalties, put forth by the descendants of Lang Hancock's business partner Peter Wright as well as Rinehart’s own children. An April 2026 ruling determined that Wright Prospecting should receive 50 percent of the royalties from Hope Downs, but denied her children's claims that Hope Downs was removed from the trust Lang Hangcock left to them. Gina Rinehart’s iron ore investments Gina Rinehart’s iron ore investments in Western Australia extend beyond Roy Hill and Hope Downs to Atlas Iron’s three producing mines and a pipeline of development projects.As of July 1, 2025, Hancock Prospecting has consolidated its Roy Hill and Atlas Iron under the new name Hancock Iron Ore. The new entity represents combined iron ore exports of about 74 million tonnes per year.Rinehart’s Hancock Prospecting acquired Atlas Iron in 2018 through a AU$427 million deal that turned out to be dirt cheap as the company would go on to deliver AU$1.5 billion in revenues over the following three years alone. Today, Atlas Mines operates the Mount Webber, Sanjiv Ridge and Miralga Creek mines. Production from these mines in its fiscal year ended June 2023 led to a AU$222 million dividend payment for Rinehart’s Hancock Prospecting.Additionally, Hancock owns a 63.43 percent managing stake in the Mount Bevan magnetite project joint venture with Legacy Iron Ore (ASX:LCY) through its Hancock Magnetite Holdings subsidiary. Hancock acquired a majority stake through an earn-in agreement for the Western Australian project, previously owned by Legacy and Hawthorn Resources (ASX:HAW).As part of its earn-in agreement, Hancock completed a prefeasibility study (PFS) for a 12 million tonne per year high-grade magnetite project in July 2024. The PFS incorporated a resource estimate totalling 1.29 billion tonnes, which was completed by Atlas, and delineated a capital cost of AU$5 billion to develop Mount Bevan.Completion of the PFS increased Hancock’s stake from 30 percent to 51 percent, and it was raised to 63.43 percent a few months later when Hawthorn chose to convert its remaining 19.6 percent interest to a 1 percent free-on-board royalty.Like iron, coal is another essential material in steel manufacturing. To this end, Rinehart is also pursuing an investment in a past-producing metallurgical coal mine in Alberta, Canada. Hancock Prospecting subsidiary Northback Holdings is the owner of the proposed Grassy Mountain steelmaking coal project in the province’s Crowsnest Pass region. Exploration licences for the Northback project were greenlit by Alberta regulators in May 2025. ​Gina Rinehart’s lithium investments Gina Rinehart's lithium investments include Azure Minerals' Andover lithium project, Liontown Resources, Delta Lithium (ASX:DLI,OTCPL:DLITF) and Vulcan Energy Resources (ASX:VUL,OTCPL:VULNF). In early 2021 that Rinehart became a substantial investor in Vulcan Energy Resources at 6.66 percent when it served as the cornerstone investor in a AU$120 million funding round. Rinehart later upped her stake in the company to 7.5 percent with a 12.5 million euro investment in June 2024. Subsequent large funding rounds have diluted its holdings, and as of August 2026 Hancock Prospecting is the sixth largest shareholder in Vulcan Energy.Vulcan Energy is advancing the flagship Phase One Lionheart lithium brine and renewable energy project in Germany’s Upper Rhine Valley. The company will use direct lithium extraction and produce a geothermal energy coproduct that will be used to both power the operations themselves and support the community.In December 2025, Vulcan announced it had secured a AU$3.9 billion investment package and made its final investment decision, targeting first lithium production in 2028. Phase One is targeting annual production of 24,000 tonnes of lithium hydroxide monohydrate, 275 gigawatt hours (GWh) of renewable power and 560 GWh of heat. In September 2026, Vulcan released details about Phase Two, dubbed Project Ludwig, which would add 21,100 tonnes of lithium carbonate and 3,125 GWh of co-heat production.However, the majority of her lithium investments came in a flurry in 2023 and 2024.In June 2023, Rinehart’s Hancock Prospecting signed a separate joint venture earn-in agreement for the Mount Bevan magnetite project discussed above, this time for the lithium, nickel and copper mineralization at the project. The agreement will similarly see Hancock able to earn a 51 percent interest by completing certain milestones.In September 2023, Rinehart made headlines when she took a position in Liontown Resources and then rapidly increased the position to 19.9 percent over the following month. This allowed Hancock, which was now Liontown's largest shareholder, to effectively block Albemarle’s (NYSE:ALB) accepted takeover of the smaller lithium company. However, Liontown took a hit as the economics for its near-production Kathleen Valley lithium project in Western Australia were affected by high inflation and low lithium prices. In January 2024, Albemarle decided to sell off its 4 percent stake in Liontown. The lack of any further moves or comment by Rinehart in relation to Liontown Resources has led to speculation she may be waiting for the right opportunity to buy up the lithium company at a discount. Kathleen Valley entered open-pit production in late July 2024, and is expected to produce approximately 500,000 tonnes of spodumene concentrate per year. In April 2025, the operation became Australia's first underground lithium mine when it commenced production from its Mount Mann deposit, and it has since transitioned to a fully underground mine.Albemarle's Liontown acquisition wasn't the only lithium bid Rinehart blocked in October 2023. As is her strategy, Rinehart scooped up an 18 percent stake in Azure Minerals after SQM announced its intention for a total takeover of the company and its Andover lithium project in the West Pilbara region of Western Australia. This story had a different ending, though, as Hancock Prospecting instead joined the lithium giant in a AU$1.7 billion deal to become a co-owner of the exploration-stage Andover project, which closed in May 2024. In 2026, the joint venture filed a plan with the government to develop an open-pit mine at the site targeting annual production of 1.1 million tonnes of lithium concentrate. Shortly after its Liontown and Azure moves, Hancock Prospecting continued investing in Western Australia's lithium prospects when it participated in a AU$70.2 million fundraising for Delta Lithium in November 2023. The proceeds were earmarked to help Delta Lithium fund the development of its Mount Ida lithium-gold project, which is adjacent to Hancock's Mount Bevan joint venture project. As of November 2025, Hancock Prospecting owns 10.7 percent of Delta Lithium. Delta Lithium has since spun out Mount Ida's gold resource into Ballard Mining (ASX:BM1), in which Hancock also holds a small stake. Gina Rinehart’s rare earth metals investments clayton harrison / ShutterstockFacilities at MP Materials' Mountain Pass rare earths mine.Through Hancock Prospecting, Gina Rinehart has made investments in some of the world’s most well known rare earth mineral producing companies — US-based MP Materials and Australia’s Lynas Rare Earths — as well as development-stage Arafura Rare Earths and exploration-stage companies Brazilian Rare Earths (ASX:BRE,OTCQX:BRELY), St George Mining (ASX:SGQ,OTCPL:SGQMF) and Rare Earths Americas (NYSEAMERICAN:REA). Rinehart taking a position in these rare earth minerals companies shows she is looking to capitalise on the significant need for these critical metals outside of China.As mentioned in the introduction to this article, Rinehart’s Hancock Prospecting is the largest shareholder of Arafura Rare Earths with a 17.5 percent stake in the company and its advanced-stage, construction ready Nolans rare earth project in the Northern Territory, Australia. Rinehart made incremental, on-market investments in Arafura during 2022 before investing AU$60 million as part of a AU$121 million raise in December of that year. Hancock has upped its stake multiple times since, including the October 2025 investment of AU$125 million. The US Export-Import Bank is considering US$300 million in financing support for the Nolans rare earths project following an October minerals agreement between the US and Australia.Arafura made its final investment decision in May 2026, with the expectation that construction on the project would begin in September. Following the decision, the Northern Territory government assigned Nolans with significant project status, the first project to receive the designation, allowing for a fast track permitting process under the Territory Coordinator Act of 2025. As for her other rare earth investments, in April 2024, Rinehart made two significant moves into the sector. The first came on April 9, when it was revealed that Hancock Prospecting had acquired a 5.3 percent stake in MP Materials, the second largest rare earths producer outside of China. The company’s California-based Mountain Pass mine is the only integrated rare earth mining and processing operation in the US.That same week, Rinehart’s Hancock Prospecting took a 5.82 percent interest in Lynas Rare Earths, the largest ex-China rare earths producer. The Australian rare earth miner produces the critical metals at its Mount Weld mine in Western Australia and ships the raw material to Malaysia for processing. Lynas is also ramping up processing at its Kalgoorlie rare earth facility in Australia, and building light rare earths processing facilities and a heavy rare earths separation facility in Texas, US.Rinehart’s near simultaneous investments in Lynas and MP Materials came after merger talks between the two rare earths behemoths stalled in February 2024. She has made further investments in both companies since. In November 2025, it was reported that the mining mogul increased her position in MP Materials over Q3 to 8.4 percent, becoming the company's largest shareholder. As for Lynas, she raised her stake to 7.14 percent in July 2024 and then 8.21 percent in January 2025. As of April 2026, her stake in the company has fallen to 7.6 percent, potentially due to share dilution following a AU$750 million private placement in August 2025. In July 2025, the US Department of Defense announced it was taking a stake in MP Materials worth US$400 million in preferred stock and guaranteed a floor price of US$110 per kilogram for neodymium and praseodymium from MP Materials, representing nearly double that of China’s rates as the Trump administration seeks to build the nation's domestic rare earth industry.The news of the DoD's investment significantly elevated both MP Materials' and Lynas' share prices, with Forbes reporting that the value of Rinehart's holdings in the two companies at that time increased by about US$200 million and US$100 million respectively.There was previously speculation stirring that Rinehart’s participation in MP and Lynas could renew merger discussions, Reuters reported, and Rinehart's increased positions further raised the possibility of a merger down the road. However, the US Government's major shareholder position in MP Materials makes such an acquisition a long shot.Rinehart has also gotten her foot in the rare earths door at the exploration level. In 2023, Rinehart’s Hancock Prospecting made a pre-IPO investment for a 5.85 percent share in Brazilian Rare Earths, which went on to list on the ASX in December of that year. The rare earth explorer is working its district-scale Rocha da Rocha rare earth asset in the state of Bahia, Brazil. In June 2026, St George Mining secured AU$60 million in funding for its Araxá rare earths and niobium project in Brazil. Hancock's purchase of 200 million shares represented 33.3 percent of the placement value and increased Rinehart's stake in St George Mining to 10.5 percent. Rinehart's company first invested in the Brazilian firm in October 2025, when it paid AU$22.5 million for a then 6.24 percent stake.In addition to Hancock's operating stakes and joint ventures, the company also has a portfolio of US securities that includes MP Materials. According to a August 2026 13F filing with the US Security and Exchange Commission (SEC), as of June 30, 2026, Rinehart's US rare earth investments also include a stake in Rare Earths Americas that was worth US$19.1 million at the time. She invested in Rare Earths Americas in Q2 2026. Gina Rinehart’s copper investments Gina Rinehart’s copper investments are centered on Ecuador’s Andean copper-gold belt, and include explorer Titan Minerals and Ecuador's state-owned Empresa Nacional Minera (ENAMI). Hancock also holds a small interest in multiple US-listed copper majors, with holdings of Hudbay Minerals (TSX:HBM,NYSE:HBM) and Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) valued at US$374.39 million and US$612.34 million respectively as of its June 30, 2026, 13F filing.Ecuador has seen a rush of major mining companies taking up positions in key copper and gold projects in recent years, placing Hancock Prospecting in the company of Barrick Mining (TSX:ABX,NYSE:B), Zijin Mining (HKEX:2899) and Anglo American (LSE:AAL,OTCQX:AAUKF).Rinehart’s Ecuadorian copper investments are in line with her shift toward the critical metals necessary for the green transition and her strategy to expand the global footprint of her mining empire. Hancock Prospecting subsidiary Hanrine Ecuadorian Exploration and Mining has been in the region since 2017, and has continued to make more investments. In March 2024, Hancock Prospecting subsidiary Hanrine Ecuadorian Exploration and Mining acquired a 49 percent stake in six mining concessions for US$120 million. The deal sees it partner with state mining company ENAMI for the concessions, which surround the stalled Llurimagua copper-molybdenum project in Northern Ecuador. In late April 2024, Ecuador’s constitutional court nixed appeals by ENAMI and its partner in the Llurimagua project, Chile’s state-owned CODELCO, to review the March 2023 decision by Imbabura’s provincial supreme court suspending the environmental licence for Llurimagua.Shortly after the investment with ENAMI, Rinehart's Hanrine made another play in Ecuador by striking a staged earn-in agreement with Titan Minerals for up to an 80 percent ownership stake in the explorer’s Linderos copper-gold project contingent on AU$120 million in exploration spending. Linderos is an early-exploration stage project with the potential to host a large-scale copper porphyry system. In July 2026, Titan Minerals announced that Hanrine had met its milestone funding requirement of US$20 million, earning it a 51 percent stake and controlling interest in the Linderos copper project. Her most recent acquisition came in mid-September 2026 when White Cliff Minerals (ASX:WCN,OTCQB:WCMLF) announced that Hancock Prospecting had made a AU$8.77 million investment in the company, representing a 13.5 percent interest, contingent on shareholder approval. White Cliff is currently working to advance its Rae copper project in Nunavut, Canada. Gina Rinehart’s oil and natural gas investments Gina Rinehart’s oil and gas investments have expanded significantly in recent years as Hancock moves to become a major natural gas producer in Western Australia from Hancock Energy's proposed AU$850 million Belisama conventional gas project revealed in late 2025, which brings together three assets discussed below. Her moves in the sector are headlined by a late 2024 deal with Mineral Resources (ASX:MIN,OTCPL:MALRF) (MinRes) for assets in Western Australia's Perth and Carnarvon Basins. They also include private firms Warrego Energy in Western Australia and Senex Energy in Queensland as well as a range of small holdings in US-listed oil and natural gas companies in America's Appalachian Basin.In October 2024, Rinehart offered financial assistance to MinRes, a lithium, iron and gas company headed by another mining heavyweight, Chris Ellison. Hancock wholly acquired 100 percent of two exploration permits from MinRes that include the Moriarty Deep prospect and the Lockyer gas and Erregulla oil discoveries in December 2024 for initial consideration of AU$780 million, with potential for a further AU$327 million. Separate to that sale, Hancock and MinRes formed two 50/50 exploration joint ventures for MinRes' remaining permits in the Perth and Carnarvon Basins. Hancock acquired 50 percent of the MinRes Explorer drill rig, which is the largest in Australia.Hancock Energy plans to develop the Lockyer and Erregulla gas field as part of the Belisama plant, aiming for a production launch in 2029. Belisama was approved by the Environmental Protection Authority in August 2026 and is designed to produce up to 210 terajoules of gas per day.As late August 2026, a deal is in place for Belisama to process production from the West Erregulla onshore gas field as well. Hancock Energy subsidiary Warrego Energy is one half of the 50/50 Mid West joint venture that owns West Erregulla.Rinehart gained the stake in the joint venture in February 2023, after Hancock Prospecting won a protracted bidding war for the then-public Warrego with Warrego's joint venture partner Strike Energy (ASX:STX) at a price of AU$0.36 per share. Warrego and operator Strike Energy maintain their 50/50 joint venture on the West Erregulla onshore gas field, located within exploration permit EP 469 near Perth in Western Australia. At the end of August, Hancock Energy announced a deal that will see it become operator of the West Erregulla project following a final investment decision. Hancock will provide up to AU$30 million in funding to Strike.As for Senex Energy, it is a joint venture between POSCO (50.1 percent) and Hancock Prospecting subsidiary Hancock Energy (49.9 percent) that holds the Atlas and Roma North natural gas developments in Queensland’s Surat Basin. The two JV partners acquired Senex in 2022, with Rinehart’s company putting up AU$440.89 million.Senex Energy has embarked on a AU$1 billion expansion endeavor at Atlas and Roma North that will see 60 petajoules of natural gas delivered to Australia’s east coast market annually once fully ramped up. Regulatory approval for the expansion was finally received following an uphill battle with a Federal government more interested in renewable energy projects than the natural gas variety. According to a 2026 half year update from Senex, the first flows of gas production from the expansion field came in early 2026. Rinehart once had a significant stake of nearly 20 percent in Lakes Oil, now Lakes Blue Energy (ASX:LKO), through subsidiary Timeview Enterprises. Timeview's stake in Lakes Blue Energy has been lowered in recent years, and stood at 3.73 percent as of Lakes Blue's 2025 annual report.Rinehart's US oil and gas investments were reported in Hancock's 13F filing with the SEC for the June 2026 quarter alongside their value at the time. She held US$82.58 million worth of EQT (NYSE:EQT), US$25.24 million in Expand Energy (NASDAQ:EXE), US$38.61 million in Gulfport Energy (NYSE:GPOR), US$15.03 million of Antero Resources (NYSE:AR) and US$13.3 million in Infinity Natural Resources (NYSE:INR).These companies are all centred on the country's Appalachian region, with each company's portfolio including natural gas operations in the Marcellus or Utica Shale. Gina Rinehart’s potash and agriculture investments Gina Rinehart’s potash and agricultural investments center on Hancock Prospecting’s ownership interests in multiple premium cattle stations in Australia, and the company's royalty revenue generated from the Anglo-American-controlled Woodsmith potash project currently under construction in the United Kingdom.With an original investment of AU$380.6 million in 2016 to then-owner Sirius Minerals, Hancock Prospecting has a 5 percent revenue royalty on the first 13 million tonnes of fertiliser produced from Woodsmith each year and 1 percent thereafter. Hancock also has a 20,000 tonne per year offtake option. Although Anglo had previously cut spending at Woodsmith following BHP’s (ASX:BHP,NYSE:BHP,LSE:BHP) failed mega-merger with Anglo American, it is again advancing, with a final investment decision scheduled for 2028. ​Gina Rinehart's gold investments Investing in gold assets is a new direction for Gina Rinehart and Hancock. In December 2025, Hancock's subsidiary Midana Exploration formed a joint venture with Saudi Arabia's Maaden to explore for gold in Saudi Arabia. The joint venture was initially awarded five exploration licenses totaling 24,000 square kilometres in the Nabita Ad-Duwayhi gold belt. Hancock owns a 49.9 percent stake in the joint venture, with Maaden holding the majority 50.1 percent interest. Additionally, Hancock holds a 5.9 percent stake in Ballard Mining (ASX:BM1), a gold-focused company spun out from Delta Lithium that is advancing the Mount Ida gold project in Western Australia. Lastly, according to its August 2026 13F filing with the SEC, Hancock has an investment in gold major Newmont (NYSE:NEM,ASX:NEM) valued at US$17.75 million as of June 30, 2026. Investor takeaway With Gina Rinehart at the helm of Hancock Prospecting, the Roy Hill iron ore mine has generated stellar revenues. That wealth creation not only made her Australia's richest person, but has also built a powerful war chest from which Rinehart is expanding her mining empire. Investors can take cues from her recent and future moves in the mining sector. Although she may be defensive toward renewable energy technologies encroaching on agricultural land, she understands the strategical importance of investing in critical metals such as lithium, rare earth metals and copper. Rinehart has also made a significant move into the natural gas sector, positioning Hancock Energy to become one of Western Australia's biggest natural gas producers. ​FAQs for Gina Rinehart  ​How much is Gina Rinehart worth? Gina Rinehart's net worth is reported to be AU$39.01 billion, maintaining her spot as the richest Australian, according to figures from the Australian Financial Review's Rich List 2026. However, her total wealth is up 2 percent over the previous year."This is iron ore magnate Rinehart’s seventh year topping the Rich List. The long-awaited verdict over ownership of one of the Pilbara’s richest iron ore operations was handed down in April and did little to dent her fortune," the list's authors explain. ​What company does Gina Rinehart own? Gina Rinehart owns Hancock Prospecting, a private company founded by her late father Lang Hancock. Originally an iron ore mining company, today the firm has strategic stakes in a wide-range of metals and commodities from lithium and rare earths to copper and agriculture, which are detailed in this article. ​Can I buy shares in Hancock Prospecting? While investors can't buy public shares in privately held Hancock Prospecting, they can take equity positions in the publicly traded stocks in which the company itself holds interest. Some of these stocks include Arafura Rare Earths (ASX:ARU,OTC Pink:ARAFF), Liontown Resources (ASX:LTR,OTC Pink:LINRF), MP Materials (NYSE:MP) and Lynas Rare Earths (ASX:LYC). ​Does Gina Rinehart own Rio Tinto? Although she has interest in many mining companies and the two companies share the Hope Downs joint venture, Gina Rinehart does not own mining giant Rio Tinto. Market Screener reports that Aluminum Corporation of China (SHA:601600) is its largest shareholder at 14.5 percent, followed by BlackRock (NYSE:BLK) and others at around 3 percent and below. ​What does Gina Rinehart think about nuclear energy? Gina Rinehart is pro-nuclear energy. During a speech at The Australian Bush Summit in 2023, she railed against the impact of wind and solar farms on much needed agricultural land in Australia. She suggested that nuclear energy offers a more viable solution for reaching the country's net zero targets. ​Is Gina Rinehart the richest person in Australia? Gina Rinehart is the richest person in Australia. In 2026, she topped the Australian Financial Review's Rich List for the seventh consecutive year in a row with a net worth of AU$39.01 billion. The next richest Australian, real estate developer Harry Triguboff, trails her at AU$32.28 billion. ​Is Gina Rinehart the richest woman in the world? Gina Rinehart is not the richest woman in the world. While she did rank as the world's ninth richest woman in 2024, as of March 2025, she is no longer in the top 10. The distinction of richest woman in the world goes to Walmart (NYSE:WMT) heiress Alice Walton. Rinehart previously held the title in 2012. This is an updated version of an article first published by the Investing News Network in 2024. Don't forget to follow us @INN_Australia for real-time news updates!Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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In trading on Monday, shares of Cleveland-Cliffs Inc (Symbol: CLF) crossed below their 200 day moving average of $11.42, changing hands as low as $11.00 per share. Cleveland-Cliffs Inc shares are currently trading down about 8.9% on the day. The chart below shows the one year

In trading on Monday, shares of Austin Gold Corp (Symbol: AUST) entered into oversold territory, changing hands as low as $1.02 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on

Hudbay Minerals (TSX:HBM,NYSE:HBM) announced an updated mine plan for its Snow Lake operations in Manitoba, extending the project's proven and probable reserve life by two years to 2043.The updated schedule forecasts annual production of 185,000 ounces of gold between 2026 and 2030, driven by sustained high throughput at the New Britannia mill and improved recoveries at the Stall base metals concentrator.Over the full life-of-mine, total gold output is now expected to reach 2.8 million ounces, a 60 percent increase from the 1.8 million ounces projected in the company's 2021 technical report.“Transitioning this operation from a zinc-rich operation to a leading Canadian gold operation over the last five years has been transformative for Hudbay and we look forward to sustainable production in the decades ahead,” Hudbay CEO Peter Kukielski said in a statement.Total mineral reserves at Snow Lake rose 38 percent from the January 2026 estimate, reaching 27 million tons containing 2.0 million ounces of gold. Despite the high conversion rate, inferred mineral resources also increased 26 percent to 21 million tons containing 1.5 million ounces of gold.The reserve growth stems primarily from successful conversion at the Lalor and 1901 deposits, increased reserves at the WIM and 3 Zone satellite deposits, and maiden reserve estimates for the Talbot and Rail properties. Hudbay secured 100 percent ownership of the Talbot and Rail deposits through its 2023 acquisition of Rockcliff Metals, expanding its Snow Lake land package by more than 250 percent.The Lalor mine, which achieved commercial production in 2014 and yielded its one-millionth ounce of gold last year, continues to hold an 11-year reserve life. Meanwhile, production at the 1901 deposit remains on track for full operation in late 2027 following the completion of an exploration drift. The updated mine plan follows Hudbay's recent recognition by the Toronto Stock Exchange (TSX). Earlier this month, the exchange named Hudbay to the 2026 TSX30, an annual ranking of the top 30 performing stocks over a three-year period.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Australia's largest gold producer, Northern Star Resources (ASX:NST,OTCPL:NESRF), rejected an unsolicited US$27.09 billion takeover proposal from South Africa’s Gold Fields (NYSE:GFI) on Monday (September 28).The cash-and-stock proposal, initially delivered on September 14 and first reported by Bloomberg, offered 0.3125 new Gold Fields shares and US$5.08 in cash for each Northern Star share.While the initial bid valued the Perth-based miner at US$27.09 billion, fluctuations in Gold Fields' stock reduced the implied value to US$25.27 billion, or US$17.63 per share, by Friday. Australian corporate takeovers traditionally require premiums near 30 percent to succeed.Northern Star’s board unanimously rejected the proposal, arguing it materially undervalued the company ahead of key growth milestones, including the impending ramp-up of its Fimiston Mill.“Gold Fields has sought to acquire one of the world’s premier gold portfolios at a price that falls well short of what the Board considers to be its fundamental value and at a highly opportunistic time,” Northern Star Chairman Michael Chaney said in a statement.Northern Star directors explicitly cited the structure of the deal, which would leave its shareholders with a 33 percent equity stake in the combined entity. The board determined the heavy reliance on Gold Fields equity exposed Northern Star investors to elevated risk profiles compared to the company's existing, largely Australian asset base.The rejection arrives amid intense pressure from activist investor Elliott Investment Management. Elliott, which recently accumulated a 6.2 percent stake in Northern Star, previously pushed the miner to conduct a strategic review and overhaul its leadership, resulting in a chief executive change in July.Gold Fields projected the merger would unlock US$4 billion to US$5 billion in corporate and operational synergies. The combined company would produce 4.1 million ounces of gold annually, anchored by assets in Western Australia, including Northern Star's Super Pit in Kalgoorlie. The South African miner planned to establish a secondary listing on the Australian Securities Exchange to accommodate the expanded shareholder base.Gold Fields CFO Alex Dall told Reuters the company remained focused on constructive engagement with the Northern Star board, declining to comment on the possibility of a hostile bid. Shares of Northern Star closed 6.15 percent higher at US$16.43 in Sydney on Monday, remaining below the implied offer price. Gold Fields shares plunged 13 percent in Johannesburg following the announcement.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

A study of analyst recommendations at the major brokerages shows that Rio Tinto plc (Symbol: RIO) is the #1 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mini

(RTTNews) - Gold prices fell sharply on Monday as surging oil prices and elevated bond yields added to worries that the U.S. Federal Reserve will continue raising interest rates next month.

(RTTNews) - Oil prices jumped more than 3 percent on Monday in the wake of renewed concerns about energy supply as U.S. President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz and signaled possible new military strikes after midterm elections.

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.On September 18, the Ontario government announced it would commit to a C$11 million non-binding term sheet toward developing a processing facility at Generation Mining's (TSX:GENM,OTCQB:GENMF) Marathon copper and palladium project located in the province’s northwest.The loan comes from Ontario’s C$500 million Critical Minerals Processing Fund, which was established in December 2025 to provide strategic financial support to drive new critical mineral developments. The Marathon project is fully permitted and is expected to cost C$992 million in total capital. Once completed, Marathon is expected to generate 350 direct mining jobs.On Monday (September 21), Statistics Canada released July’s mineral production survey. The data shows an uptick in copper production, but decreases in gold and silver. Shipments were down across the board for all three metals. Recoverable copper production rose 2.3 percent to 44.39 million kilograms, while gold production slipped 12.82 percent to 17,231 kilograms. Meanwhile, silver output shrank 7.64 percent to 25,402 kilograms.In terms of quantities shipped, copper fell 9.5 percent to 45.17 million kilograms, and gold fell a substantial 36.24 percent to 14,566 kilograms, after posting near-record levels of 22,846 kilograms in June. Silver also fell significantly from near-record highs of 30,500 kilograms the prior month, dropping 22.84 percent to 23,533 kilograms.For more on what’s moving markets this week, check out our top market news round-up. Markets and commodities react Canadian equity markets were negative this week.The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost 0.1 percent over the week to close Friday (September 25) at 35,800.89, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 0.76 percent to 920.47.The CSE Composite Index (CSE:CSECOMP) shed 0.37 percent to 170.62.The gold price lost 1.18 percent to close at US$4,291.10 per ounce on Friday at 4:00 p.m. EDT. The silver price was down1.32 percent at US$64.32 per ounce on Friday.In base metals, the Comex copper price recorded a 2.38 percent increase this week to US$6.78 per pond. The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 1.43 percent. Top Canadian mining stocks this week How did mining stocks perform against this backdrop?Take a look at this week’s five best-performing Canadian mining stocks below.Stocks data for this article was retrieved at 3:00 p.m. EDT on Friday using TradingView's stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered. 1. Brutus Mining (CSE:BRU) Weekly gain: 89.47 percentMarket cap: C$14.9 millionShare price: C$0.72Brutus Mining is an exploration company advancing its CW copper project in BC, Canada.The property is located in South-Central BC, about 100 kilometers north of Kamloops. It consists of five contiguous mineral claims covering 2,894.56 hectares and hosts five primary targets with copper and gold mineralization.According to a January 2026 technical report, Brutus holds an option to earn a 100 percent interest in the property by paying the vendor total consideration of C$80,000 cash and 200,000 shares. The project is in its early stages and does not have a mineral resource estimate.Brutus Mining recently went public. The company signed a listing agreement with the Canadian Securities Exchange on September 1, with trading commencing on September 10. On September 17, Brutus announced it had engaged Palliser Exploration to carry out a soil sampling survey at CW. The program, consisting of 1,500 samples spaced evenly across the property, is designed to detect mineralization not found in previous programs.The company followed up on Monday by announcing two concurrent non-brokered private placements for gross proceeds of up to C$3 million. Brutus plans to use the proceeds for exploration at CW, the evaluation of new projects and working capital. Then, on Wednesday (September 23), Brutus said its shares had also begun trading on the Frankfurt Stock Exchange, giving the company exposure to European investors. 2. NiCAN (TSXV:NICN) Weekly gain: 82.35 percentMarket cap: C$26.55 millionShare price: C$0.155NiCan is an exploration company with a pair of projects in Manitoba, Canada. Its primary focus has been on its Pipy nickel property near Thompson, at which the company recently made a gold discovery. The project consists of two areas, Pipy North and Pipy South, covering a total land package of 76.97 square kilometers. Exploration at the site dates back to the 1970s, and a 14 kilometer horizon that remains largely untested has been identified.The most recent project news came on September 14, when NiCAN reported assay results from the first seven holes of a 16 hole, 2,395 meter diamond drill program at Pipy South. The results extended the Horseshoe gold zone at least 400 meters along strike, with one highlighted 75 meter interval grading 0.65 grams per metric ton (g/t) gold, 11.55 g/t silver and 0.56 percent lead, including a 30 meter interval of 0.9 g/t gold, 5.19 g/t silver and 0.21 percent lead, as well as 2 meters grading 8.01 g/t gold, 59.1 g/t silver and 2.17 percent lead. 3. AnorTech (TSXV:ANOR) Weekly gain: 78.57 percent Market cap: C$25.2 million Share price: C$0.125AnorTech is focused on commercializing sustainable materials from its Gronne Bjerg anorthosite project in Greenland. The property is approximately 80 kilometers from the capital of Nuuk and hosts significant deposits of anorthosite, a calcium-rich feldspar containing 50 percent silicon, 31 percent aluminum and 15 percent calcium.The company is advancing product lines such as zero-waste smelter-grade alumina, as well as alumina-based catalysts for carbon dioxide capture, advanced 3D-printable cement and lunar construction materials.AnorTech shares traded up this week after US President Donald Trump announced on Tuesday (September 22) that the US had reached a security agreement that will allow the US greater military access to Greenland. The deal also has terms for critical minerals exploration and development that prioritize the US, NATO countries and the EU. On Wednesday, AnorTech welcomed the agreement, saying, “It strengthens defense cooperation across the regions (and) affirms Greenland’s sovereignty and its right to self-determination.”AnorTech President Jim Cambon also stated, “The agreement brings security and stability to Greenland and reinforces its role as an integral part of a secure supply chain for critical and strategic resources. We expect increased investment in critical mineral projects to follow.” 4. Galway Metals (TSXV:GWM) Weekly gain: 76.19 percentMarket cap: C$119.19 millionShare price: C$1.11Galway Metals is an exploration and development company advancing its Clarence Stream gold-antimony project in New Brunswick. The property, located southwest of Fredericton, consists of 2,919 mineral claims covering about 66,176 hectares, and hosts a strike length of about 55 kilometers, with three separate deposits.A July updated mineral resource estimate shows Clarence Stream hosts an indicated resource of 1.42 million ounces of gold and 19,500 metric tons of antimony from 27.2 million metric tons of ore grading 1.62 g/t gold and 716 parts per million (ppm) antimony. Additionally, the property hosts an inferred resource of 1.29 million ounces of gold, and 3,100 metric tons of antimony from 28.5 million metric tons of ore grading 1.4 g/t gold and 107 ppm antimony.On Tuesday, Galway announced a brokered private placement of up to 19.44 million flow-through units for gross proceeds of up to C$14 million. The proceeds will fund exploration at Clarence Stream. The offering is led by strategic investor Michael Gentile, who has agreed to buy 17.15 million units and is expected to hold about 11 percent of Galway's shares once it closes; if he chooses to exercise all of his warrants, that would rise to 19.9 percent. 5. Guardian Exploration (TSXV:GX) Weekly gain: 56 percentMarket cap: C$23.53 millionShare price: C$0.195Guardian Exploration is advancing its Mount Cameron silver-lead-zinc project in the Yukon. The property is located in the Mayo Mining District and consists of 154 quartz mining claims covering about 3,017 hectares, and hosts two silver-lead-zinc occurrences, Clark and Cameron. No mineral resource has been estimated for the project. The company also owns the Sundog and Esker gold projects in Nunavut's Kivalliq region and the Kaigani gold project in Alaska.In May, Guardian received an exploration permit from the Yukon government for Mount Cameron and began mobilizing crews in early July for its 2026 program, which the company called its largest to date at the property.The most recent news from the company came on July 16, when Guardian announced that it completed an airborne magnetic and radiometric survey covering approximately 669 line kilometers over a 30.3 square kilometer block.“Integration of the magnetic and radiometric geophysical data will significantly enhance our understanding of the Project and help prioritize high-quality drill targets for the next phase of exploration at Mount Cameron,” said President and CEO Graydon Kowal. FAQs for Canadian mining stocks ​What is the difference between the TSX and TSXV? The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange. How many mining companies are listed on the TSX and TSXV? As of July 2026, 892 mining companies and 68 oil and gas companies are listed on the TSXV, combining for 64 percent of the 1,501 total companies listed on the exchange.The TSX is home to 182 mining companies and 51 oil and gas companies. The exchange has 2,264 companies listed on it in total.Together, the TSX and TSXV host around 40 percent of the world’s public mining companies. ​How much does it cost to list on the TSXV? There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. As of April 2026, the listing fee alone will most likely cost between C$10,000 to C$70,000, and accounting and auditing fees could rack up between C$25,000 and C$100,000. Legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports. ​How do you trade on the TSXV? Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange's trading hours. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Gold miners have rarely looked this good on paper. They are posting some of the widest profit margins in the equities market and trading at some of the lowest valuations in decades, yet generalist investors are still sitting it out.The contrast with the broader market is stark. The S&P 500 (INDEXSP:.INX) is trading near historic market tops, while miners generate strong cashflow, carry low debt and pay dividends, yet make up roughly 2 percent of global equity markets.History suggests that gap won't hold forever. Specialists dominate mining stocks in today's cycle, but the sector's biggest rallies have come when generalists, in the form of pension funds and retail investors, piled in alongside them. It happened toward the end of the boom in the late 1970s and early 1980s, and again in the early 2010s. In those cycles, mainstream attention turned to gold and precious metals first, then shifted to an investment surge in equities.Whether that shift is coming, and what it means for investors, was the subject of a presentation by Jeff Clark of Paydirt Prospector at the September Metals Investor Forum in Vancouver. Clark has tracked equities through multiple cycles and was focused on whether it was the right time for generalist investors to get off the sidelines. Why investors should look at mining stocks Clark made the case for generalist interest rooted in a profitability and valuation gap that has developed between mining stocks and the broader market. Comparing margins, free cashflow and dividends, he showed mining companies outpacing S&P averages in each category.He noted that free cashflow per share among miners has grown tenfold since 2020, while earnings yield sits at 12 percent, the highest of any sector. Meanwhile, mining holds the smallest share of global equity markets in 55 years. This suggests the broader market is vulnerable, with 51 percent of S&P companies trading at 10 times sales, compared to the long-term average of just 1.8 times sales, he explained. In terms of market caps, he said the top 50 gold miners combined are smaller than NVIDIA's (NASDAQ:NVDA) US$5 trillion valuation. “That market is extremely vulnerable, and this kind of hints at when and why the general market will come into our sector,” he said. “It shows how small our market is and how vulnerable the general market is.”Clark suggests that, with the mining sector remaining as undervalued as it is, it won’t take much for the market to gain momentum and stock prices to increase.“This is the smallest level, the smallest percentage in 55 years, even pre-1980. So when they start crowding in, there could be a lot of buying, a lot of demand for stock,” he said. youtu.be - YouTubeAhead of his presentation at the Metals Investor Forum, Clark stopped by the Investing News Network's headquarters in Vancouver to discuss his current investment strategy, his upcoming conference and where he sees the market heading. Watch the full interview above. Gold fundamentals are there, but equities have yet to catch up Central bank demand is underpinning today's cycle, and it’s expected to continue. In June, the World Gold Council released its 2026 Central Bank Gold Reserves Survey, which states that central banks have added an annual average of 1,000 metric tons of gold to reserves over the past four years, and that 89 percent are forecasting increases to global central bank reserves over the next year. The People’s Bank of China has been among the top buyers, purchasing gold for 22 consecutive months, including 20 metric tons in August.Central banks have seen a broad shift toward gold as uncertainty has grown around the US dollar and, by extension, US Treasuries, which have been the de facto currency reserves for most of the past 50 years. More central banks have built up gold stockpiles to diversify reserves and reduce exposure to counterparty and sanctions risk.That demand has helped push the gold price substantially higher in recent years. Equities, however, have not kept pace, a gap Clark was keen to highlight. At present, the miners-to-gold ratio sits below where it was in 2016, and only recently returned to where it was during the Covid pandemic in 2020. “As a group, gold stocks relative to the gold price have basically gone nowhere,” he said. A comparison against Nasdaq Composite (INDEXNASDAQ:.IXIC) tells a similar story. The gold price relative to the Nasdaq peaked in 2011, but currently sits near all-time lows. Clark suggests the ratio will need to change by a factor of four to get back on equal footing, and that could come from a decline in the Nasdaq alongside a rise in the gold price.Likewise, the ratio with Dow Jones Industrial Average (INDEXDJX:.DJI) is near lows and far from the peaks in 1980 and during the Great Depression, when they were near parity. While he didn’t say they would reach those same levels again, Clark noted clear potential for gold to move higher and narrow the gap.“We are no higher as a group now than we were during the Covid rebound. We’ve got a long way up to go,” he said. ​What investors should watch Clark’s data largely focused on the majors and how producers with free cashflow and strong margins compare to equities in the major indices.Most junior and exploration-stage companies have little to no free cashflow and rely on equity financing, which carries dilution risk. Generalist investment is likely to target the larger companies that present the best economics. Likewise, proven exchange-traded funds will likely benefit from more retail-focused money entering the sector. Historically, as gold has performed, money has tended to trickle down to developers and explorers later in the cycle as higher commodity prices start to support the economics of restarting stalled projects and majors look to refill their development pipelines. While strong fundamentals support an elevated gold price, a pullback could also undercut Clark’s thesis, as lower gold prices would hurt margins. However, he also noted that significant generalist capital was sitting on the sidelines. “I wanted to know just how much cash is on the sidelines that could come into our sector, so I found that global cash is US$8.5 trillion as of the end of (August),” Clark said. It doesn’t mean all this money will pour into mining equities immediately, but it highlights potential capital sitting on the sidelines, despite strong fundamentals that underpin cashflow from gold producers. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Canadian explorer Grafton Resources (CSE:GFT,OTCQB:GFTFF) secured an exclusive option to acquire the Poseidon and Jabali gold projects in Chile from Newmont (NYSE:NEM,ASX:NEM), consolidating a district-scale exploration package in the Andean mineral belt.Under the September 21 agreement, Grafton gains the right to take 100 percent ownership of both properties through its local subsidiary. The acquisition physically connects the Poseidon project in Chile’s V Region to Grafton’s existing Alicahue asset, forming a contiguous 14,383-hectare concession block.Newmont’s prior exploration at Poseidon established a clear continuity of vein trends and left a pipeline of untested drill targets. A surface program of 2,350 rock chip samples returned grades up to 234 grams per ton of gold and 1,500 grams per ton of silver. Geological mapping and a 2024 structural report also identified a 15-kilometer strike length of potential gold-bearing veins tied to the regional Pocuro Fault Zone. Consolidated data points to widespread epithermal gold-silver-copper mineralization across the unified Alicahue-Poseidon district.The transaction also delivers the Jabali gold project in Chile's XI Region. The property remains completely undrilled, though Newmont previously completed the necessary drill preparation infrastructure.“I am extremely excited to announce a pivotal transaction for Grafton that gives the Company access to an exceptional exploration portfolio," Chairman and CEO Campbell Smyth said in the announcement. "Poseidon and Alicahue together represent an identified by Grafton epithermal vein cluster with gold-silver-copper mineralization potential. Jabali has identified potential high sulfidation mineralization that can be tested quickly. We look forward to moving quickly on work programs on both assets.”For Denver-based Newmont, the divestment continues its ongoing corporate restructuring. In August, the company settled a joint-venture dispute with Barrick Mining (TSX:ABX,NYSE:B), agreeing to a US$1.95 billion truce.Newmont consented to Barrick's planned North American initial public offering in exchange for the cash payment and Barrick's agreement to contribute its Fourmile gold project into the Nevada Gold Mines joint venture.The company meanwhile reported US$2.2 billion in second-quarter free cash flow, US$2.2 billion in adjusted net income, and US$3.8 billion in adjusted EBITDA, alongside 1.29 million attributable ounces of gold produced during the quarter.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

"Big Short” investor Michael Burry is avoiding the technology sector’s AI trade, instead deploying capital into other ventures.In a September 22 Substack update, Burry disclosed new positions in Brazilian copper miner Ero Copper (TSX:ERO), building-products firm QXO (NYSE:QXO), Australian furniture retailer Temple & Webster (ASX:TPW), Sprouts Farmers Market (NASDAQ:SFM), and animal health company Zoetis (NYSE:ZTS)."The house party is packed, pushing AI higher today, but I am largely ignoring the 'woo-hoos,'" Burry wrote.Just last month, Burry publicly compared the relentless positivity surrounding AI infrastructure investments to the dot-com era and the mid-2000s housing bubble, warning that the current environment is "orders of magnitude more dangerous to the economy and investors than Enron.""That is how it felt in May of 2007 when the Fed Chair was saying there would be no contagion or a couple years earlier when he said there is no such thing as a housing bubble,” Burry told Business Insider.Rather than shorting the technology directly, Burry’s largest disclosed new conviction is an indirect play on AI infrastructure demand through Ero Copper."All those back at the house are going to be needing a lot of copper," Burry stated, calling his stake in the higher-cost producer a mid-sized position. "Ero common does it for me."While COMEX copper recently settled at US$6.6865 per pound, up 46 percent over the past 12 months, Burry is relying on a looming structural deficit. He noted that major copper discoveries containing at least 500,000 tons have evaporated from double-digit annual totals in the 1990s to zero in 2025. Since new deposits require up to 18 years to reach production, Burry anticipates that surging demand from data centers will trigger extreme price expansion before new supply materializes. Notably, Ero Copper maintained its 2026 production guidance of 67,500 to 77,500 tons.Burry also acquired common shares and 5.5 percent Series B mandatory convertible preferred stock in QXO. The company is executing a roll-up strategy in the highly fragmented building-products distribution market under Brad Jacobs, the founder of United Rentals and XPO.The remainder of Burry's disclosed purchases targeted severely punished equities, accumulating a "fairly large position" in Temple & Webster which plummeted 82 percent over the past year following a 62 percent collapse in fiscal 2026 net income, alongside Sprouts Farmers Market, down 43 percent year-over-year, and animal-drug maker Zoetis (NYSE:ZTS), which has lost half its market value.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

(RTTNews) - Gold prices rose toward $4,300 an ounce on Friday as a sell-off in government debt eased and oil prices retreated from recent highs following reports that Iran has submitted a proposal to the United States to end their war and reopen the Strait of Hormuz within seven