Rio Tinto ( RIO ) is evaluating the economic potential of McEwen Copper's ( MUX ) Los Azules project in Argentina—among the world's 10 largest undeveloped copper projects—as it considers increasing its 17.2% stake in the development, Reuters reported Friday. Rio ( RIO ) owns the stake in Los Azules through its Nuton copper technology venture, and its technical team is evaluating the economic po...
Rio Tinto ( RIO ) is evaluating the economic potential of McEwen Copper's ( MUX ) Los Azules project in Argentina—among the world's 10 largest undeveloped copper projects—as it considers increasing its 17.2% stake in the development, Reuters reported Friday. Rio ( RIO ) owns the stake in Los Azules through its Nuton copper technology venture, and its technical team is evaluating the economic potential of the project while testing Nuton's proprietary leaching technology at the site, according to the report . "We are obviously discussing with our existing partner Nuton because their technology makes so much sense," McEwen Copper ( MUX ) managing director Michael Meding told Reuters. "Now that Rio Tinto is building their copper pipeline, they basically have a mandate to add copper for their production profile. So we are having fruitful conversations," Meding said. A Los Azules feasibility study released in October 2025 estimated an after-tax net present value of $2.9B, with the project targeting first production by 2030, and average production over the first five years forecast at 204,800 metric tons/year of copper cathode. More on Rio Tinto and McEwen Mining Rio Tinto: Strong Operations, But Priced For Perfection Amid Rising Execution Risk Rio Tinto: Fundamentals Don't Support A Price Rally McEwen: Buy A World-Class Copper Project, Get Gold Upside For Free
NuScale Power (NYSE: SMR) stock exploded last year as investors looked to capitalize on the enormous energy demands of artificial intelligence (AI). In the years to come, the power-hungry technology will increasingly strain an already taxed grid, creating an urgent need that NuScale and other small modular reactor stocks could help fill. But, as so often is the case, what went up came down -- hard...
NuScale Power (NYSE: SMR) stock exploded last year as investors looked to capitalize on the enormous energy demands of artificial intelligence (AI). In the years to come, the power-hungry technology will increasingly strain an already taxed grid, creating an urgent need that NuScale and other small modular reactor stocks could help fill. But, as so often is the case, what went up came down -- hard. After peaking at $57.42 in October of last year, shares plunged as much as 82%. The stock now trades around $12, and are currently 76% from its all-time high. That's quite a fall. Continue reading
Earnings Call Insights: Dauch Corporation (DCH) Q1 2026 Management View "The company's first quarter 2026 sales were $2.4 billion and adjusted earnings per share was $0.34. And adjusted free cash flow was a use of $41 million." (Chairman & CEO David Dauch) "This quarter marks the first time our results include the Dowlais acquisition" and "after approximately 3 months into operating as a combined ...
Earnings Call Insights: Dauch Corporation (DCH) Q1 2026 Management View "The company's first quarter 2026 sales were $2.4 billion and adjusted earnings per share was $0.34. And adjusted free cash flow was a use of $41 million." (Chairman & CEO David Dauch) "This quarter marks the first time our results include the Dowlais acquisition" and "after approximately 3 months into operating as a combined company, we have already realized $35 million of run rate savings to date" toward "our year-end target run rate savings of greater than $100 million." (Chairman & CEO Dauch) "In the quarter, the company received approximately $21 million in net proceeds from the completion of a sale of the Dowlais cylinder line of business" while highlighting new awards including Cherry/Jetour PTUs and RDMs "scheduled for later this year" and a Brazil truck-platform extension with "a lifetime revenue of over $750 million." (Chairman & CEO Dauch) "In the first quarter of 2026, our sales were $2.38 billion" and "adjusted EBITDA was $308.5 million, and adjusted EBITDA margin was 13%" with "Dowlais contribut[ing] $983 million in gross sales" and "approximately $122 million" of adjusted EBITDA (reflecting "only February and March activity"). (Executive VP & CFO Chris May) Outlook "We have revised our outlook by raising our sales and adjusted EBITDA" with full-year targets of "sales of $10.3 billion to $10.8 billion, adjusted EBITDA range of approximately $1.3 billion to $1.425 billion, and adjusted free cash flow of approximately $235 million to $325 million." (Chairman & CEO Dauch) "For sales, our new range is $10.3 billion to $10.5 billion versus $10.3 billion to $10.7 billion previously" and "from an EBITDA perspective, we anticipate a range of $1.3 billion to $1.425 billion versus $1.3 billion to $1.4 billion previously." (Executive VP & CFO May) "Our new range was driven by our solid first quarter performance and potential for continued good truck production" but "mitigated by a potential i...
Cotton futures rounded out the Friday session with contracts up 41 to 177 points at the close, with July up 54 points this week. The US dollar index was $0.179 lower at $97.765. Crude oil was down 13 cents at $94.68 at the close. Managed money was adding another 12,829...
Cotton futures rounded out the Friday session with contracts up 41 to 177 points at the close, with July up 54 points this week. The US dollar index was $0.179 lower at $97.765. Crude oil was down 13 cents at $94.68 at the close. Managed money was adding another 12,829...
Soybeans were back to higher trade on Friday, with contracts 10 to 17 ¼ cents in the green at the close. July was 4 ¾ cents higher on the week, with November up 6 ¾ cents. The cmdtyView national average Cash Bean price was up 15 3/4 cents at $11.40...
Soybeans were back to higher trade on Friday, with contracts 10 to 17 ¼ cents in the green at the close. July was 4 ¾ cents higher on the week, with November up 6 ¾ cents. The cmdtyView national average Cash Bean price was up 15 3/4 cents at $11.40...
The wheat complex is trading with gains across the three markets on Friday. Chicago SRW futures were up 5 3/4 to 7 3/4 cents higher to round out the week, with July down 18 ¾ cents from last Friday. KC HRW futures were 7 3/4 to 11 1/4 cents in...
The wheat complex is trading with gains across the three markets on Friday. Chicago SRW futures were up 5 3/4 to 7 3/4 cents higher to round out the week, with July down 18 ¾ cents from last Friday. KC HRW futures were 7 3/4 to 11 1/4 cents in...
Corn futures closed the Friday session with contracts up 3 to 4 ½ cents across the board, as July was down 9 cents on the week, with December losing 5 ½ cents. The CmdtyView national average Cash Corn price was up 3 3/4 cents to $4.30 3/4. The weekly CFTC...
Corn futures closed the Friday session with contracts up 3 to 4 ½ cents across the board, as July was down 9 cents on the week, with December losing 5 ½ cents. The CmdtyView national average Cash Corn price was up 3 3/4 cents to $4.30 3/4. The weekly CFTC...
The Best Way to Invest in Gold Is...Royal Gold (NASDAQ:RGLD) reported record first-quarter 2026 revenue, operating cash flow and earnings, as management said the company benefited from a larger portfolio following transactions completed in 2025 and stronger metals prices. Presid
The Best Way to Invest in Gold Is...Royal Gold (NASDAQ:RGLD) reported record first-quarter 2026 revenue, operating cash flow and earnings, as management said the company benefited from a larger portfolio following transactions completed in 2025 and stronger metals prices. Presid
If you're investing for income, the energy sector still offers something most other sectors don't: durable cash flow tied to real assets. But not all energy stocks are built the same way. Some depend on commodity prices. Others depend on capital markets. A few are structured to generate consistent cash regardless of where fossil fuel prices move. Continue reading
If you're investing for income, the energy sector still offers something most other sectors don't: durable cash flow tied to real assets. But not all energy stocks are built the same way. Some depend on commodity prices. Others depend on capital markets. A few are structured to generate consistent cash regardless of where fossil fuel prices move. Continue reading
Nick Shirley Went To Cuba... He Almost Didn't Make It Home Authored by Sarah Anderson via PJMedia.com, Donald Trump and Marco Rubio often accuse the Cuban regime of rolling out the red carpet for our adversaries. They're not wrong. It actively welcomes those working against United States interests, and I'm not just talking about China, Russian, and Iran. If you'll remember, in March, a group of fa...
Nick Shirley Went To Cuba... He Almost Didn't Make It Home Authored by Sarah Anderson via PJMedia.com, Donald Trump and Marco Rubio often accuse the Cuban regime of rolling out the red carpet for our adversaries. They're not wrong. It actively welcomes those working against United States interests, and I'm not just talking about China, Russian, and Iran. If you'll remember, in March, a group of far-leftist folks from the U.S. and Europe — including members of Code Pink, commie activist Hasan Piker, and Ilhan Omar's daughter — flew into the crumblingly communist country and stayed in five-star hotels, enjoyed fancy meals, held concerts, and recorded podcasts, all while the Cuban people starve and live without electricity or water much of the time. They took photos with "president" Miguel Díaz-Canel and came back declaring that all was well on the island. This crew spent some of their time riding around the city and viewing the Cubans as if they were on some sort of poverty safari, and Piker said the people just had an "island mindset" and that's why they just hung around in the streets all day. They came back reporting that things were just groovy down there and would be even better if Trump and Rubio would stop bullying them. Well, independent journalist Nick Shirley recently visited Cuba and attempted to do the same thing... but he wanted to tell the real story of what's happening after decades of failed and corrupt communist rule. As you can imagine, he didn't get quite the welcome the others did. Not only that, but according to him, his equipment was seized, "spies" followed him around, and he barely escaped without being "kidnapped." "Under communism there is no free speech, and those who show the reality or speak up are imprisoned," he posted on X on Monday evening. "Me going without a planned Cuban government guide nearly got me and my security taken hostage or imprisoned. The situation in Cuba is much worse than anyone knows ." Shirley has put himself in some...
DutchScenery/iStock Editorial via Getty Images Following our last update of Engie SA ( ENGIY ) ( ENGQF ), we are back to comment on the Q1 release. Our readers know that we have maintained a long-standing buy rating on the French-based utility company. This was backed by its infrastructure segment and recurring cash flow generation. At the same time, we had a positive view on Engie’s ongoing inves...
DutchScenery/iStock Editorial via Getty Images Following our last update of Engie SA ( ENGIY ) ( ENGQF ), we are back to comment on the Q1 release. Our readers know that we have maintained a long-standing buy rating on the French-based utility company. This was backed by its infrastructure segment and recurring cash flow generation. At the same time, we had a positive view on Engie’s ongoing investments in renewables, battery storage, and data center partnerships. This growth component was also combined with generous shareholder remuneration; for this reason, we reiterated our overweight target (multiple times over 2025) (Fig. 1). This proved to be the right call, and Engie's share price change plus dividend payment provided a total return of almost 35% since mid-November 2025. Considering a triple-digit return since our Upgrade View in March 2024, we believe the company's shares are well-priced in. Mare Ev. Lab Rating Update Fig 1 Q1 Results Engie reported top-line sales of €20.6 billion in Q1, a minus 11.6% compared to last year's results. Lower energy prices had a significant impact on the evolution of turnover. Indeed, by segment, Supply & Energy Management reported a -12%, with a negative contribution in the B2B subdivision. Engie was also negatively impacted by FX and dollar depreciation, which weighed €49 million. More importantly, the higher temperature resulted in a negative year-on-year variation of €90 million. Going down to the P&L, Engie delivered an EBITDA (ex. Nuclear) of €4.6 billion and an EBIT (ex. Nuclear) of €3.4 billion (Fig. 2). This was down -8.4% on a constant FX and gross basis. Looking at EBIT evolution, Engie reported resilient performance in the infrastructure segment, with a tariff increase and operational performance partially offsetting unfavorable weather conditions. On the other hand, both Renewables & Flex Power and Supply & Energy Management EBIT decreased 16% and 12%, respectively. The former was mainly impacted by a lower contrib...
At the age of 17, Simon Burstall documented the burgeoning underground rave scene of 1990s Sydney. Armed with borrowed school cameras and stealing away from home in the early hours of the morning in the family car, Simon found community and a career that would change him forever. ‘93: Punching the Light was published by Damiani in 2019. Continue reading...
At the age of 17, Simon Burstall documented the burgeoning underground rave scene of 1990s Sydney. Armed with borrowed school cameras and stealing away from home in the early hours of the morning in the family car, Simon found community and a career that would change him forever. ‘93: Punching the Light was published by Damiani in 2019. Continue reading...