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Mining Industry News 7 January 2026 - 8 January 2026

Gold price dips, gold stocks slide as Newmont and GDX track bullion lower before U.S. jobs data

Gold price dips, gold stocks slide as Newmont and GDX track bullion lower before U.S. jobs data

New York, January 8, 2026, 10:12 EST — Regular session Gold-linked stocks fell in early New York trade on Thursday as the gold price eased and traders cut exposure ahead of U.S. jobs data.Newmont (NEM) was down about 2.9% and the VanEck Gold Miners ETF (GDX) slid about 2.3%, while the SPDR Gold Shares ETF (GLD) eased roughly 0.4% by mid-morning. The timing matters. Friday’s employment report is the next big read on how fast the Federal Reserve can keep cutting rates, and gold tends to react hard to shifts in that view.The Chicago Fed’s estimate put December unemployment at
8 January 2026
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Northern Star Resources stock drops 3% after UBS trims target as Jan. 22 update nears

Northern Star Resources stock drops 3% after UBS trims target as Jan. 22 update nears

Sydney, Jan 8, 2026, 16:51 AEDT — After-hours Northern Star Resources Ltd shares ended down 3% at A$24.60 on Thursday, after trading between A$24.57 and A$25.08. The stock is still up about 56% over the past year. StockAnalysis The slide came as UBS analyst Levi Spry trimmed his price target to A$29.45 from A$29.75 while keeping a buy rating, after the miner’s December-quarter output came in below expectations. UBS said production was 348,000 ounces, about 11% under its estimate, and noted the company cut fiscal 2026 guidance to 1.6 million-1.7 million ounces; UBS also lowered its own FY26 estimate to
8 January 2026
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BHP stock dips as copper tariff talk reshapes metal flows; Jan. 20 update in focus

BHP stock dips as copper tariff talk reshapes metal flows; Jan. 20 update in focus

Sydney, January 8, 2026, 16:51 AEDT — Market closed BHP Group Ltd shares ended down 0.75% at A$47.34 in Sydney on Thursday, easing after a choppy week for miners. BHP’s U.S.-listed ADR was last down 1.45% at $63.86. BHP The pullback matters because BHP sits on the fault line between two trades that have been moving fast: copper, where supply and policy headlines are pushing prices around, and iron ore, where China demand still sets the tempo. With markets closed, the next question is whether the stock can hold recent gains into BHP’s next operational update and fresh China data.
8 January 2026
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Newmont stock dips after Boddington bushfire update flags 60,000-ounce Q1 gold hit

Newmont stock dips after Boddington bushfire update flags 60,000-ounce Q1 gold hit

New York, January 7, 2026, 20:15 EST — Market closed. Newmont Corp shares fell 1.1% on Wednesday, after the gold miner said damage from a bushfire near its Boddington operation in Western Australia is expected to reduce first-quarter 2026 gold output by about 60,000 ounces. The company said the processing plant has restarted but will run at about 50%–60% of normal rates until water-supply infrastructure is restored, a process it expects to run through February. Newmont Corporation The update matters because Boddington is one of Newmont’s cornerstone mines and has “consistently delivered over 800,000 gold equivalent ounces annually,” according to
8 January 2026
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Silver price slips again; SLV stock drops as miners slide ahead of U.S. jobs data

Silver price slips again; SLV stock drops as miners slide ahead of U.S. jobs data

NEW YORK, Jan 7, 2026, 10:21 (EST) — Regular session Shares of iShares Silver Trust (SLV), a widely traded silver price stock proxy, fell 4.7% to $70.21 in morning New York trade on Wednesday. Silver miners also slid, with First Majestic Silver down 8.9%, Pan American Silver off 7.1% and Coeur Mining down 7.5%. The retreat matters because the silver trade has turned fast. After a sharp run that pulled fresh money into metal-linked shares, even small shifts in the dollar and rate outlook have been producing big moves. It also lands in a busy stretch for U.S. data, when
7 January 2026
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Denison Mines stock dips as Phoenix uranium build budget rises to C$600 million

Denison Mines stock dips as Phoenix uranium build budget rises to C$600 million

New York, January 7, 2026, 09:46 (EST) — Regular session Denison Mines Corp shares slipped 0.8% to $3.26 in early New York trading on Wednesday. The uranium developer has traded in a tight range since the open. Investors are circling the company’s Phoenix project in northern Saskatchewan, where Denison says it is ready to take a final investment decision — a formal go-ahead to build — once federal approvals land. Denison put post-decision initial capital costs at C$600 million and said the estimate assumes a final investment decision at the end of February; CEO David Cates said the company “stands
7 January 2026
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Critical Metals stock jumps again as Greenland takeover talk keeps rare-earth traders on edge

Critical Metals stock jumps again as Greenland takeover talk keeps rare-earth traders on edge

New York, Jan 7, 2026, 05:18 EST — Premarket Critical Metals Corp shares were up 9.2% in premarket trading on Wednesday at $12.90, after closing up 25.6% in the prior session, as renewed U.S. rhetoric over acquiring Greenland stirred fresh interest in rare-earth names. Investing.com The move matters because Critical Metals’ flagship Tanbreez project sits in southern Greenland, and rare earths — a group of metals used in magnets for electric motors, electronics and defence systems — have become a strategic focus as the U.S. tries to diversify supply chains away from China. Reuters It also lands as political risk
7 January 2026
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Fresnillo stock (FRES.L) falls after 52-week high as gold, silver prices pull back

Fresnillo stock (FRES.L) falls after 52-week high as gold, silver prices pull back

London, Jan 7, 2026, 09:32 GMT — Regular session Fresnillo PLC shares fell 4.2% to 3,524 pence by 0930 GMT on Wednesday, snapping a two-day climb that took the FTSE 100 precious-metals miner to a fresh 52-week high. The stock had risen 4.3% on Monday and 5.2% on Tuesday, and traded between 3,508 and 3,666 pence on Wednesday. Investing.com The move tracked a slide in bullion after a sharp run-up, keeping precious-metal miners on the back foot at the start of the London session. Spot gold — the cash price for immediate delivery — was down 1.1% at $4,449 an
7 January 2026
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Anglo American stock dips from 52-week high as copper’s record run meets tariff uncertainty

Anglo American stock dips from 52-week high as copper’s record run meets tariff uncertainty

London, Jan 7, 2026, 08:09 GMT — Regular session Shares of Anglo American plc (AAL.L) fell 0.8% to 3,231 pence by 0809 GMT, cooling after a two-day run. The stock has traded between 3,227 and 3,258 pence so far and sits just below a 52-week high of 3,263 pence. Investing.com The pullback comes after copper, used widely in power and construction, hit record highs above $13,000 a metric ton earlier this week on supply disruption fears, with Citi estimating a 308,000-ton refined copper deficit this year. SP Angel analyst John Meyer said “Copper prices need to rise further” to bring
7 January 2026
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Rio Tinto stock dips from a fresh high as copper’s tariff-driven rally keeps miners in focus

Rio Tinto stock dips from a fresh high as copper’s tariff-driven rally keeps miners in focus

London, Jan 7, 2026, 08:15 GMT — Regular session Rio Tinto (RIO.L) shares edged down 0.22% to 6,280 pence in early London trading on Wednesday, easing from an intraday peak of 6,317 pence as investors locked in gains after the stock set a fresh high in the previous session. The miner closed at 6,291 pence on Tuesday and is up about 33% over the past 12 months, according to market data. Investing.com The pullback comes as copper prices remain the key tape for diversified miners after the metal vaulted above $13,000 a metric ton this week on supply fears. “Copper
7 January 2026
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BHP share price climbs as record copper keeps miners in focus ahead of Jan 20 update

BHP share price climbs as record copper keeps miners in focus ahead of Jan 20 update

Sydney, Jan 7, 2026, 16:55 AEDT — Market closed BHP Group Ltd (ASX:BHP) shares ended 1.02% higher at A$47.70 on Wednesday, outpacing a modest 0.15% rise in the S&P/ASX 200 as heavyweight miners tracked firm commodity prices. Rio Tinto gained 1.62%, while Fortescue Metals edged down 0.18%. The move leaves BHP near its 52-week high as traders weigh whether the recent lift in iron ore and copper can carry into the company’s next round of updates. BHP is scheduled to release its half-year operational review on Jan. 20 and report results on Feb. 17, events that often reset expectations for
7 January 2026
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Freeport-McMoRan stock hits a 52-week high as copper records keep miners in focus

Freeport-McMoRan stock hits a 52-week high as copper records keep miners in focus

New York, January 6, 2026, 19:18 EST — After-hours Freeport-McMoRan Inc shares closed up 3.2% at $56.15 on Tuesday, after hitting $57.12 — a 52-week high — and were little changed after the bell. investors.fcx.com The move keeps FCX stock tethered to a copper rally that is resetting price expectations for the metal used in power cables, construction and industrial equipment. Copper prices have surged above $13,000 a metric ton on shortage fears and demand tied to artificial intelligence data centres and electric vehicles. “Copper prices need to rise further to persuade miners to generate significant new production,” SP Angel
7 January 2026
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Stock Market Today

Kenvue stock price holds near $18 as Kimberly-Clark deal math tightens — what to watch next week

Kenvue stock price holds near $18 as Kimberly-Clark deal math tightens — what to watch next week

7 February 2026
Kenvue shares closed Friday at $18.13, up 0.33%, with about 63.5 million shares traded. The Kimberly-Clark offer values Kenvue at roughly $18.76 per share, leaving a deal spread of about 3%. Both companies’ shareholders approved the merger, which is expected to close in the second half of 2026 pending regulatory approvals. Kenvue’s dividend record date is Feb. 11, with earnings due Feb. 17.
IREN stock heads into Monday after 5% rebound as Microsoft AI financing stays in focus

IREN stock heads into Monday after 5% rebound as Microsoft AI financing stays in focus

7 February 2026
IREN shares closed up 5.1% at $41.83 Friday after reporting a $155.4 million quarterly loss and $184.7 million in revenue. The company announced $3.6 billion in GPU financing for its Microsoft contract, with $2.8 billion in cash as of Jan. 31. Bitcoin mining revenue fell, while AI cloud services rose. Traders await bitcoin’s weekend move and Monday’s market reaction.
Cadence Bank stock is stuck at $42.11 after Huntington deal — what CADE holders watch next week

Cadence Bank stock is stuck at $42.11 after Huntington deal — what CADE holders watch next week

7 February 2026
Cadence Bank shares have been delisted following Huntington Bancshares’ takeover, with each Cadence share converted into 2.475 Huntington shares. Huntington closed Friday at $19.27 and named Senthil Kumar as chief risk officer ahead of new regulatory requirements. The merger leaves Cadence as a brand under Huntington, with customer account conversions planned for mid-2026. Huntington executives will address investors at a UBS conference on Tuesday.
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