Today: 23 May 2026
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Mining Industry 10 March 2026 - 22 May 2026

ASX Ends Higher as Miners Lead, Guzman y Gomez Gains After U.S. Exit

ASX Ends Higher as Miners Lead, Guzman y Gomez Gains After U.S. Exit

Australian shares closed up 0.41% at 8,657 on Friday, led by miners and a 9.6% surge in Guzman y Gomez after the fast-food chain announced it would exit the U.S. market. Miners gained 1.3%, while Seek fell 5.6%. Softer jobs data eased rate-hike fears, with unemployment rising to 4.5% in April. The Reserve Bank’s cash rate remains at 4.35%.
ASX bounces after jobs surprise, miners and property stocks climb

ASX bounces after jobs surprise, miners and property stocks climb

Australian shares surged Thursday, with the S&P/ASX 200 closing up 1.47% after April unemployment rose to 4.5% and jobs fell by 19,000, easing rate hike fears. Investors cut the odds of a June Reserve Bank rate rise to 8%. Guzman Y Gomez jumped 12.81%, while Stanmore Coal dropped 7.28%. Arafura Rare Earths climbed up to 13.6% after greenlighting its A$1.6 billion Nolans project.
Coeur Mining Falls 9%, With Dividend Date Ahead

Coeur Mining Falls 9%, With Dividend Date Ahead

Coeur Mining shares closed Friday at $17.61, down 9.23%, with trading volume at 36.61 million. The company declared a $0.02-per-share dividend payable June 10, with a record date of May 22. First-quarter revenue reached $856 million, net income $247 million, and free cash flow $267 million. Analyst Mike Kozak at Cantor Fitzgerald downgraded the stock to Hold and lowered his price target to $19.
USA Rare Earth Stock Watch: Q1 Revenue, $1.75 Billion Cash and the China Supply Crunch

USA Rare Earth Stock Watch: Q1 Revenue, $1.75 Billion Cash and the China Supply Crunch

USA Rare Earth reported Q1 revenue of $5.7 million and a net loss of $67 million, ending March with $1.75 billion in cash after a $1.5 billion PIPE. The company expects to sign documents this month for $1.6 billion in U.S. Commerce Department funding. Texas awarded a $14.18 million grant for the Round Top project. USA Rare Earth agreed in April to acquire Brazil’s Serra Verde for $2.8 billion.
Hecla Mining’s Silver Rally Has a Balance-Sheet Twist, Not Just a Metals Price Story

Hecla Mining’s Silver Rally Has a Balance-Sheet Twist, Not Just a Metals Price Story

Hecla Mining shares closed Monday at $20.67, up 11.07%, before easing to $20.44 premarket Tuesday as silver prices remained elevated. The company reported $144 million in first-quarter free cash flow and cleared its long-term debt after redeeming notes. Hecla posted a $19 million net loss due to a $192 million write-down but saw $411 million in sales and higher silver output.
Australia Stock Market Today: ASX 200 Falls as Banks Drop Before Budget, Miners Rally on Copper

Australia Stock Market Today: ASX 200 Falls as Banks Drop Before Budget, Miners Rally on Copper

The S&P/ASX 200 fell 0.36% to 8,670.7 on Tuesday, led lower by banks, tech stocks, and CSL ahead of the federal budget. ANZ and NAB dropped 2.1% each, while Life360 plunged 10.9% after a user-growth glitch despite strong revenue. DroneShield slid 9.9% after disclosing an ASIC probe. Miners rose, with BHP up 2.5% as copper hit a record high.
Critical Metals Corp Stock Rallies as $835 Million European Lithium Deal Targets Full Greenland Rare Earth Control

Critical Metals Corp Stock Rallies as $835 Million European Lithium Deal Targets Full Greenland Rare Earth Control

Critical Metals Corp. agreed to buy European Lithium Ltd. for about $835 million, seeking full control of Greenland’s Tanbreez rare earth project. The deal would give Critical Metals all of Tanbreez, one of the world’s largest rare earth deposits, and add $219 million in cash. Shares of Critical Metals jumped to $13.85 in late Nasdaq trading. The move comes as the U.S. and EU deepen cooperation on critical minerals.
Lithium Americas Stock Jumps As Thacker Pass Turns Into America’s Big Lithium Test

Lithium Americas Stock Jumps As Thacker Pass Turns Into America’s Big Lithium Test

Lithium Americas shares rose 13% Monday, closing at $5.26 with over 19 million shares traded, as focus returned to its Thacker Pass lithium project in Nevada. The company targets late 2027 for mechanical completion and aims to ramp up commercial production through 2028. Capital spending for 2026 is projected at $1.3–$1.6 billion. The U.S. government holds a 5% stake and has backed the project with a $2.23 billion loan.
B2Gold Corp Stock Rebounds After Gold Rout, but 2026 Cost Pressure Still Looms

B2Gold Corp Stock Rebounds After Gold Rout, but 2026 Cost Pressure Still Looms

B2Gold Corp’s U.S. shares closed at $4.12 Tuesday, up 1% and extending a rebound, but remain nearly 15% below last week’s close. Spot gold fell 0.4% to $4,389.26 an ounce, down 21% from its January peak. B2Gold projects higher 2026 costs and lower output, citing deferred stripping at Fekola and a ramp-up at Goose. Founder Clive Johnson will retire in June, with CFO Mike Cinnamond set to succeed him.
24 March 2026
Molecure Starts Share Sale, KRUK Buys €278 Million Italian Debt as Korab Flags 2020 Mining Objection

Molecure Starts Share Sale, KRUK Buys €278 Million Italian Debt as Korab Flags 2020 Mining Objection

Molecure launched an accelerated bookbuild to sell up to 4.12 million new Series K shares and 2 million existing shares, with MS Galleon maintaining its 24.46% stake. KRUK’s Milan unit agreed to buy up to €278 million in Italian unsecured retail receivables. Korab Resources highlighted an ongoing mining-licence objection in Western Australia dating to December 2020.
Denison Mines Stock Price Falls Again as Phoenix Uranium Mine Moves Into Build Phase

Denison Mines Stock Price Falls Again as Phoenix Uranium Mine Moves Into Build Phase

Denison Mines’ U.S.-listed shares fell to $3.39 Friday after the board approved construction of the Phoenix uranium mine in Saskatchewan, with Toronto shares down 4.1% by midday. Phoenix, set to use in-situ recovery, is the first Canadian uranium mine to win federal construction approval in over 20 years. Denison reported a 2025 net loss of $217.3 million and $614.4 million in debt. Uranium prices slipped to $84.65 a pound.
B2Gold Stock Slides Again as Gold Rout Batters Miners and Clouds 2026 Outlook

B2Gold Stock Slides Again as Gold Rout Batters Miners and Clouds 2026 Outlook

B2Gold Corp shares dropped to $4.07 in U.S. trading Friday, extending an 8.5% fall from the previous session as gold prices slid to $4,566.26 an ounce. The company faces higher 2026 costs, guiding all-in sustaining costs up to $2,580 an ounce, well above last year’s $1,584. Toronto’s materials index and gold miners also fell sharply amid the sector-wide selloff.
B2Gold Corp. Stock Falls Nearly 5% as Gold Slips Below $5,000 and Goose Risks Return

B2Gold Corp. Stock Falls Nearly 5% as Gold Slips Below $5,000 and Goose Risks Return

B2Gold shares fell nearly 5% Wednesday as gold dropped below $5,000 an ounce after the Federal Reserve held rates steady and warned on inflation. The miner’s 2026 cost outlook is based on gold at $5,000, but spot gold slid 2.9% to $4,860.21. B2Gold expects lower 2026 output, with most Goose mine production coming later in the year. Founder Clive Johnson will step down as CEO on June 4.
Why Denison Mines Stock Price Is Rising as Phoenix Uranium Mine Nears Construction

Why Denison Mines Stock Price Is Rising as Phoenix Uranium Mine Nears Construction

Denison Mines shares rose 1.2% to $3.705 Tuesday after announcing it will begin site preparation at its Phoenix uranium project in Saskatchewan this month, following final federal approval in February. Phoenix is the first Canadian uranium mine to secure federal construction approval in over 20 years. Trading volume topped 25 million shares. Denison targets first production by mid-2028 and has US$345 million in convertible notes to help fund construction.
Vale Stock Price Today: Shares Fall Despite Iron Ore-From-Waste Milestone

Vale Stock Price Today: Shares Fall Despite Iron Ore-From-Waste Milestone

Vale’s U.S.-listed shares fell 2.5% to $14.68 Friday after RBC downgraded the stock, citing valuation concerns despite strong operational updates. The company more than doubled iron ore recovered from waste in 2025, reaching 26.3 million tons. Vale’s 2025 output hit 336.1 million tons, its highest since 2018. RBC now sees Vale’s 2026 dividend yield at about 8%, but no longer expects further upside.
Why B2Gold Stock Price Is Falling Today as Goose Ramp-Up Risks Return

Why B2Gold Stock Price Is Falling Today as Goose Ramp-Up Risks Return

B2Gold shares dropped nearly 5% Friday as gold prices slid and its annual report highlighted execution risks at the Goose mine in Nunavut. The company forecast 2026 production of up to 970,000 ounces, down from 2025, with costs rising to as much as $2,580 an ounce. Goose’s output is weighted to late 2026, with full ramp-up not expected until 2027. B2Gold reported 2025 gold revenue of $3.06 billion and net income of $427 million.
Anglo American Stock Price Slides 2% as $100 Oil Hammers London Miners

Anglo American Stock Price Slides 2% as $100 Oil Hammers London Miners

Anglo American shares dropped about 2% to 3,188 pence Friday, tracking a wider 2.1% fall in London’s mining index as oil prices stayed above $100 a barrel and rate-cut hopes faded. The stock traded nearly 18% below its Feb. 25 high, pressured by ex-dividend trading, lower copper guidance, De Beers losses, and uncertainty over the planned $53 billion Teck merger.
Denison Mines stock slips after 2025 results as Phoenix mine start nears

Denison Mines stock slips after 2025 results as Phoenix mine start nears

Denison Mines shares fell 1.6% to $3.98 after reporting a C$217.3 million net loss for 2025 and confirming construction of its Phoenix uranium project in Saskatchewan will start this month. Phoenix received final federal approval in February and targets first production by mid-2028. Denison reported C$465.9 million in cash at year-end and an upfront US$6 million uranium sales deal. Uranium sector stocks were mixed in New York trading.
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Stock Market Today

  • Nvidia Faces Limits Despite Strong Chip Supply Amid Broader Tech Credit and Power Challenges
    May 23, 2026, 2:27 PM EDT. Nvidia continues to deliver advanced chips amid soaring demand for artificial intelligence (AI) technologies. However, broader challenges such as escalating trade tensions with China, rising credit costs, and energy infrastructure constraints are squeezing Big Tech firms. Corporate earnings alone cannot resolve these issues. Credit premiums, reflecting the cost of borrowing, are climbing, tightening financial conditions for the sector. Additionally, limitations in power grid capacity hinder the rapid deployment of AI infrastructure. These factors collectively pressure technology companies beyond the capabilities of even dominant chipmakers like Nvidia.

Latest articles

AbbVie Shares Edge Up Ahead Of Holiday On Pipeline News

AbbVie Shares Edge Up Ahead Of Holiday On Pipeline News

23 May 2026
AbbVie shares closed Friday at $215.70, up 0.56%, gaining 2.5% for the week. The company reported a positive European panel recommendation for MAVIRET in acute hepatitis C and released new oncology data ahead of the ASCO meeting. U.S. markets are closed Monday for Memorial Day, with trading set to resume Tuesday.
Coherent Shares Trade Close to $378, With Next Test Set for Tuesday After Volatile AI-Optics Week

Coherent Shares Trade Close to $378, With Next Test Set for Tuesday After Volatile AI-Optics Week

23 May 2026
Coherent Corp. shares closed at $377.57 Friday, down 0.1% for the day and 1.3% below last week, underperforming the S&P 500 and Nasdaq ahead of the Memorial Day market closure. The company reported fiscal Q3 revenue of $1.81 billion, up 21% year-over-year, with strong demand in datacenter and communications. Nvidia invested $2 billion in March and signed a multi-year optics agreement. Coherent trades at 179 times trailing earnings.
Intuit Slashes 3,000 Jobs as TurboTax Faces New AI Threats

Intuit Slashes 3,000 Jobs as TurboTax Faces New AI Threats

23 May 2026
Intuit will cut about 3,000 jobs, or 17% of its workforce, and close offices in Reno and Woodland Hills as it restructures to focus on artificial intelligence. The company expects $300 million to $340 million in charges, mostly in the fiscal fourth quarter. Intuit raised full-year revenue guidance but lowered its TurboTax outlook, citing pressure from low-cost AI tools. Shares last traded at $319.94 after a volatile week.
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