Market value of the top 50 mining companies jumped by $357 billion in August, taking the group back above $2.5 trillion as gold hit nearly $4,660/oz and copper briefly topped $14,000/t. Gold, silver and royalty stocks contributed $183 billion of the gain, with Newmont and Agnico Eagle each now above $100 billion and AngloGold Ashanti up 41.6% after a 58% Q2 profit rise and a $2 billion buyback. Copper-focused majors surged as Southern Copper temporarily overtook Rio Tinto, BHP’s copper earnings surpassed iron ore, and twelve copper names added $70 billion, while iron ore-exposed Fortescue and Vale lagged.

Silver’s post-January 2026 parabola, which saw prices spike 149% in 3.1 months to an all-time high near $116/oz and a record 144.3% above its 200-day moving average, has been followed by a 52.3% correction that stopped above $55 rather than the 75%+ collapses seen after past manias such as 1980. Despite a one-day 27.5% crash and a mid-July year-to-date drawdown of 21.9%, silver has averaged about $74 in 2026, roughly 117% above the comparable 2025 period. Adam Hamilton argues that this “unsung strength”, plus a bullish falling-wedge pattern and a still-elevated silver/gold ratio, sets up conditions for another substantial bull leg.

Hyva is moving to scale its digital tipping control systems for autonomous mining trucks after deploying its Hyva Smart autonomous tipping solution on XCMG AHS trucks at the Yimin coal mine in Inner Mongolia. The system provides electronic control of the hydraulic tipping cycle, integrating with the truck’s autonomous haulage stack to manage body lifting, lowering and sequencing without driver input. For mine operators, this closes a key automation gap at the dump point, reducing reliance on manual hydraulic actuation and enabling safer, more repeatable tipping in large open-pit fleets.