Today gold, copper, the NASDAQ, and the S&P opened in the green, while oil started the day lower. Despite the positive open, the U.S. economy is showing strain due to high oil prices and the U.S.-Iran war, prompting prediction markets to raise recession odds to 35%. The conflict is proving especially challenging for copper, which faces combined headwinds from energy price spikes, cooling global demand, and disrupted Middle Eastern sulfur supplies that have heavily impacted African miners like Ivanhoe Mines.
In sector news, miners and explorers reported strong operational and financial updates. Brixton Metals highlighted a record-breaking silver intercept at its Langis Project, while Cartier Resources, Great Pacific Gold, and Koryx Copper all announced promising drill results and resource expansions across their gold and copper assets. On the corporate and financial front, Elemental Royalty and Integra Resources posted record 2025 financial results with robust future guidance, American Pacific Mining divested its Tuscarora District to refocus on its Montana flagship project, and Apex Critical Metals appointed Zayn Kalyan to its board of directors.
This episode of Mining Stock Daily is brought to you by Equinox Gold. Equinox has recently completed the business combination with Calibre Mining to create an Americas-focused diversified gold producer with a portfolio of mines in five countries, anchored by two high-profile, long-life Canadian gold mines, Greenstone and Valentine. Learn more about the business and its operations at equinoxgold.com.
