Permits, Project Financing and Quarterly Results Put U.S. Mining Supply Chains in Focus
Bullish strength: 75/100
- December gold futures gained 2.36% to $4,033.50/oz.
- December silver futures advanced 4.10% to $51.795/oz.
- Hudbay and Mitsubishi approved construction of the Copper World project, targeting production in 2029.
- The Alaska access road project qualified for special emergency federal permitting procedures.
- Ramaco reported 92% average NdPr recovery and 97% dysprosium plus terbium recovery in laboratory tests.
- SSR Mining completed $193.6 million in share buybacks during the third quarter.
Bearish strength: 25/100
- Cameco narrowed its 2026 uranium production guidance to 19.5-20.5 million pounds from 19.5-21.5 million pounds.
- Cameco reported an adjusted third-quarter net loss of C$2 million.
- Ramaco reported a third-quarter net loss of $18.2 million.
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