Capstone Copper has cut its 2026 copper production floor by 5,000 tonnes to 195,000 tonnes after delaying full restart of the Pinto Valley mine in Arizona to mid-December due to additional primary crusher repairs, with OEM-fabricated mechanical components still off-site. Interim mobile crushers are expected to process up to 40,000 tonnes per day, about two-thirds of Pinto Valley’s 60,000‑tonne‑per‑day concentrator capacity, following Q3 output of 6,358 tonnes versus 9,949 tonnes a year earlier. A national truckers’ strike in Chile is adding logistics risk for fuel and sulphuric acid supply to Mantoverde and Mantos Blancos, compounding concerns over operational reliability into 2027.

Modern Mining began trading on the NYSE American under ticker “MDRN” after a roughly US$40 million IPO, closing its first day down 3.5% with a market capitalisation of about US$36.1 million. The company uses a proprietary aqueous-based process to recover gold, silver, copper, palladium and other metals from electronic waste, targeting above-ground feedstock from discarded electronics. CEO Jeet Basi said the listing and new capital will be used to scale processing capacity as the US seeks to retain more critical mineral-bearing material domestically.

Mineros bought US$137.3 million of bullion in Q3, pushed reported operating cash flow to negative US$21.6 million, and expanded gold-backed borrowings to US$127.7 million, with Red Cloud analyst Alina Islam warning that margin-call risk is rising as about 88% of its physical gold is now pledged. The company’s Swiss unit posted 28,981 oz. of gold in October for roughly US$105 million of repo financing, while also holding a forward contract to buy 18,650 oz. at US$4,740/oz. Despite this leveraged treasury position, Mineros generated US$140 million adjusted EBITDA, lifted quarterly output to 62,253 oz., and is proposing a C$0.20/share special dividend totalling about C$58 million.