Today: 7 February 2026
Subscribe
Browse Category

Mining Industry News 29 January 2026 - 30 January 2026

Denison Mines stock slips as uranium tops $100; Phoenix permit decision back in focus

Denison Mines stock slips as uranium tops $100; Phoenix permit decision back in focus

Denison Mines shares fell 2.1% to $4.15 Friday amid heavy trading, following a recent surge tied to rising uranium prices. The company is still awaiting final approvals for its Phoenix ISR project in Saskatchewan. No new filings or earnings triggered the drop. Cosa Resources began drilling at nearby joint venture sites where Denison holds a 30% stake.
30 January 2026
·····
Vale stock rises despite Brazil ordering Viga mine shut; iron ore firms ahead of earnings

Vale stock rises despite Brazil ordering Viga mine shut; iron ore firms ahead of earnings

Vale’s U.S.-listed shares rose 1.1% to $16.94 after Minas Gerais authorities ordered the Viga mine to shut down due to erosion from recent overflows. The company has been fined 1.7 million reais over the incident. Iron ore prices held steady as traders await Vale’s quarterly results on Feb. 12. Heavy rain is forecast to continue in the region next week.
30 January 2026
··
Barrick Mining stock drops before the bell as gold tumbles and JPMorgan weighs in

Barrick Mining stock drops before the bell as gold tumbles and JPMorgan weighs in

Barrick Mining shares fell 5.4% to $49.26 in premarket trading Friday after gold prices plunged over 8%, briefly dropping below $5,000 an ounce. JPMorgan initiated coverage with an Overweight rating and a $68 target ahead of Barrick’s Feb. 5 earnings. President Trump named Kevin Warsh as the next Fed chair, fueling market volatility. Barrick will appoint Helen Cai as CFO on March 1, replacing Graham Shuttleworth.
30 January 2026
·····
Lithium price drops 4.5% in China as January rally cools; miners slide premarket

Lithium price drops 4.5% in China as January rally cools; miners slide premarket

China’s battery-grade lithium carbonate fell 4.46% to 160,500 yuan a tonne on Friday, reversing some earlier gains. U.S.-listed lithium miners Albemarle, SQM, and Lithium Americas dropped in premarket trading. Guangzhou lithium futures slipped to about 148,200 yuan a tonne. The London Metal Exchange reported lithium hydroxide at $19,900 a tonne, down 1%.
30 January 2026
·······
FTSE 100 hovers near record as Experian jumps on $1bn buyback and miners slide

FTSE 100 hovers near record as Experian jumps on $1bn buyback and miners slide

London’s FTSE 100 touched a record intraday high before ending up 0.2% at 10,189, supported by banks and Experian’s 3.6% jump on a $1 billion buyback. Major miners slid as gold fell 4% and silver dropped over 6%. Bank of England data showed UK mortgage approvals hit a seven-month low in December. The FTSE 250 was flat.
30 January 2026
··············
Antofagasta plc share price drops 5% after copper’s record spike — what to watch next

Antofagasta plc share price drops 5% after copper’s record spike — what to watch next

Antofagasta shares fell 5.4% to 3,583 pence in early London trading Friday as copper prices dropped 2.78% to $13,278.50 a tonne after Thursday’s record high. The miner reported Q4 copper output up 9% quarter-on-quarter, but full-year production slipped 1.6% to 653,700 tonnes. Antofagasta kept its 2026 output forecast and set capital spending at $3.4 billion.
30 January 2026
····
Fresnillo share price drops in London as gold, silver slide and 2026 output cut sinks in

Fresnillo share price drops in London as gold, silver slide and 2026 output cut sinks in

Fresnillo shares fell 7.2% to 3,618 pence in early London trading Friday after the miner cut its 2026 silver and gold production targets. The drop followed declines in gold and silver prices, with spot gold down 4.2% and silver off 6.1% from record highs. Investors are watching for Fresnillo’s full-year results in March.
30 January 2026
·····
Rio Tinto stock price slips as Brazil aluminium deal lands and Glencore deadline nears

Rio Tinto stock price slips as Brazil aluminium deal lands and Glencore deadline nears

Rio Tinto shares fell 1.9% in early London trading after it agreed with China’s Chinalco to buy a 68.6% stake in Brazil’s CBA for $903.6 million. The move comes as investors await a possible Rio bid for Glencore before a Feb. 5 deadline. Copper prices surged above $14,000 a ton this week, adding volatility to mining stocks. The CBA deal may lead to a tender offer and CBA’s delisting from Brazil’s B3 exchange.
30 January 2026
····
PLS Group share price slides on cost jump, Ngungaju restart talk jars investors

PLS Group share price slides on cost jump, Ngungaju restart talk jars investors

PLS shares fell 6.5% to A$4.29 after its December-quarter update showed production down 7% but revenue up 49% to A$373 million on higher prices. Unit costs climbed 8%. Ganfeng’s GFL International sold 32.19 million shares in a block trade, exiting as a substantial holder. Investors await a board decision on restarting the idled Ngungaju plant.
30 January 2026
······
Newmont stock drops as gold pulls back from record, putting miners’ rally to the test

Newmont stock drops as gold pulls back from record, putting miners’ rally to the test

Newmont shares fell 4.2% to $126.35 Thursday after gold plunged over 5% from a record $5,594.82 to $5,109.62. The drop ended Newmont’s five-day rally, which had lifted the stock to a 52-week high. Gold miners Agnico Eagle and Royal Gold also declined. Traders are watching for Newmont’s earnings on Feb. 19.
29 January 2026
·······
Antofagasta stock price jumps 6% as gold outlook rises and costs fall, despite copper miss

Antofagasta stock price jumps 6% as gold outlook rises and costs fall, despite copper miss

Antofagasta shares jumped 6% in early London trading after the miner reported a 9% rise in fourth-quarter copper output and lower net cash costs. Full-year copper production slipped 1.6% to 653,700 tonnes, while gold and molybdenum output rose sharply. The company kept its 2026 copper forecast and set capital spending at $3.4 billion. Non-executive director Andrónico Luksic Craig resigned, with Andrónico Luksic Lederer joining the board in March.
29 January 2026
····
1 … 4 5 6 7 8 … 39

Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
Go toTop