Geomechanics.io

  • Free Tools
Sign UpLog In
Built byBoxcut Studio

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects

    Mining stocks hammered as Iran war escalates: risk signals for project teams

    March 4, 2026|

    Reviewed by Tom Sullivan

    Mining stocks hammered as Iran war escalates: risk signals for project teams

    First reported on MINING.com

    30 Second Briefing

    Mining equities sold off sharply as the Iran–US conflict escalated, with gold futures briefly nearing $5,000/oz before closing down 3.5% and silver trading around $83/oz, still 6% lower on the day, while copper slipped 2% to $5.83/lb. Newmont, Barrick and AngloGold Ashanti fell 7.9%, 8.3% and 10.4% respectively, Gold Fields dropped 11.6%, and platinum-focused Valterra Platinum slid 13.6% after intraday platinum price falls of up to 10%. Diversified and copper majors fared slightly better, with BHP down 5.6%, Southern Copper 5.8%, Rio Tinto 4.3% and Glencore only 2.1% helped by trading roughly 4 million boe/day of oil.

    Technical Brief

    • Newmont and Barrick traded heavily, with 14 million and 23 million shares changing hands respectively.
    • Market capitalisations post-selloff: Newmont $129bn, Barrick $78bn, AngloGold Ashanti $58bn, Gold Fields $45bn.
    • Wheaton Precious Metals closed at $68.7bn market cap versus Franco-Nevada at $50bn after smaller losses.
    • Silver-focused names: Fresnillo’s US units dropped to $38.3bn, Pan American Silver to $26bn capitalisation.
    • Valterra Platinum ended at a $25bn valuation after intraday platinum lows just above $2,000/oz.
    • BHP retained a $200bn-plus valuation, the only mining stock ever to reach that threshold.

    Our Take

    Many of the large-cap gold and copper names hit here – Newmont, Barrick, Teck Resources and TSX-listed peers – also feature heavily in our TSX/TSXV coverage of outsized 2025 equity gains, so this drawdown is coming off a base where several miners had already doubled or more year-on-year.

    With copper still around $5.83/lb despite a 2% daily drop, operators like Freeport-McMoRan, Southern Copper and Antofagasta remain in a price environment that, in our database, has been underpinning aggressive growth and M&A plans rather than cutbacks, suggesting this sell-off is more sentiment-driven than fundamentals-led for copper-heavy portfolios.

    The fact that diversified traders such as Glencore, with roughly 4 million boe/d of oil-equivalent trading, moved less than single-commodity producers in this rout reinforces a pattern in our recent coverage: integrated exposure to oil and gas has been cushioning volatility for some mining houses during geopolitical shocks centred on the Middle East.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Buffalo Potash permit at Disley: design, risk and process notes for mine engineers
    Mining
    1 day ago

    Buffalo Potash permit at Disley: design, risk and process notes for mine engineers

    Buffalo Potash has secured Saskatchewan approval to complete construction and operate its Disley initial production module, a 125,000 t/y soluble-grade potash facility 50 km northwest of Regina using a patented horizontal line-drive brine circulation method through parallel horizontal wells. The C$41.5 million module will test selective underground dissolution of potassium chloride with sodium-chloride-saturated brine and supply local agriculture, drilling-fluid markets and potassium-chloride brine for regional oilfields, ahead of planned 500,000 t/y Disley East and West expansions to about 1.13 Mt/y. The permit, which runs to 30 April and excludes future modules, requires groundwater characterisation, air-quality compliance and financial assurance, while the project proceeds without a feasibility study or declared reserves, elevating technical and economic risk.

    Exiro-led takeover of Vale’s Manitoba nickel complex: key points for mine planners
    Mining
    1 day ago

    Exiro-led takeover of Vale’s Manitoba nickel complex: key points for mine planners

    Exiro Minerals, Orion Resource Partners and Canada Growth Fund have acquired an 81.1% stake in Vale’s Thompson nickel operations in northern Manitoba, committing up to US$200 million to sustain and develop the six-decade-old complex. The new vehicle, Exiro Nickel, takes over day-to-day control of two operating underground mines, the adjacent concentrator and exploration ground along the 135 km Thompson Nickel Belt, while Vale Base Metals retains an 18.9% interest. A multi-year offtake agreement keeps Vale buying nickel concentrate from the Thompson mill, providing a defined outlet for future production.

    Mining
    1 day ago

    Moeve–Emerita 100% renewable diesel deal in Spain: decarbonisation notes for mines

    Moeve and Emerita Resources have signed Spain’s first mining-sector agreement to deploy 100% renewable diesel (HVO) at industrial scale, designating Moeve as preferred supplier of this second-generation biofuel. The HVO, derived from waste and residue feedstocks rather than food crops, is claimed to cut lifecycle CO2 emissions by up to 90% compared with conventional diesel. For mine operators, the drop-in fuel compatibility with existing diesel engines offers a near-term route to decarbonise haul trucks and auxiliary fleets without major equipment changes.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental