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The Drill Down
The Drill Down
Friday 10 April 2026 · Part 1 Edition
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Commodity Prices
| Precious Metals |
Price (USD/toz) |
| Gold |
$4,766.74
+47.47 (+1.01%)
|
| Silver |
$75.34
+1.26 (+1.7%)
|
| Platinum |
$2,105.00
+77.27 (+3.81%)
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| Palladium |
$1,546.15
-10.92 (-0.7%)
|
| Base Metals (LME) |
Price (USD/lb) |
| Copper |
$5.80
+0.0045 (+0.08%)
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| Nickel |
$7.81
-0.0091 (-0.12%)
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| Zinc |
$1.50
+0.0169 (+1.14%)
|
| Aluminium |
$1.56
-0.0131 (-0.83%)
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| Lead |
$0.87
-0.0088 (-1%)
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Prices updated as of 10 Apr 2026, 8:01 am AEST
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Today's Stories
Source: The Northern Miner
G Mining Ventures will acquire G2 Goldfields for $3 billion to create a tier-one gold mining hub in Guyana. G2 shareholders will receive G Mining shares plus equity in newly created exploration company G3 SpinCo, which will hold certain non-core assets.
Source: Oliver Groß (via X)
The world's largest copper-producing nation continues to struggle to stabilise output, with Chilean copper production falling on an annual basis for seven consecutive months, with no near-term recovery expected.
Source: Reuters
Argentina approved President Milei's glacier mining reform amid protests, aiming to spur mining investment in areas near glaciers. The legislation reverses previous environmental protections.
Source: Mining.com
Barrick Mining is pivoting back to acquisitions while retreating from higher-risk regions, reversing a decade-long strategy. The company plans to reduce exposure to certain assets and focus on strategic transactions.
Source: ABC News Australia
As technology advances and missions such as Artemis II deepen understanding of the lunar environment, scientists and corporations are increasingly exploring how the Moon can be mined for resources including helium-3, water ice and platinum group metals. A scientist, engineer, archaeologist and lawyer break down the physical, environmental, ethical and legal challenges standing between ambition and extraction.
Source: Mining.com
USA Rare Earth agreed to pay 40 million euros for a stake in French rare earth processing firm Carester. The company is evaluating construction of a magnet manufacturing facility in France.
Source: The New York Times
Venezuela approved new legislation to open its mining sector to foreign investors. The measure follows a similar law recently approved to open the country's oil sector to foreign investment.
Source: Mining Hub
Aldebaran Resources has reported results from five holes in its 2025-2026 infill drilling program at the Altar project in San Juan, Argentina, with highlights including 936 metres at 0.66% CuEq and a higher-grade interval of 194 metres at 0.99% CuEq. The program is focused on converting Inferred resources to the Measured and Indicated categories ahead of a resource update and pre-feasibility study targeted for completion by end-2026.
Source: Mining.com
US lithium miner will go public through a SPAC deal sponsored by Antarctica Capital, a global investment manager with over $10 billion of assets under management.
Source: Australian Financial Review
Big miners like BHP and Rio Tinto believe artificial intelligence will be more powerful in their hands compared to younger corporate rivals. The technology is being deployed to optimize mining operations and improve returns.
Source: Fastmarkets
Fastmarkets has proposed a new weekly price assessment for tungsten unwrought metal bar (99.8% minimum W), CIF main ports Europe, US and Japan, intended to provide additional transparency in a market experiencing extreme supply chain volatility following China's export controls on tungsten products including ammonium paratungstate. The consultation period runs from 8 April to 8 May, with a proposed launch date of 15 May subject to market feedback.
Source: Mining Hub
American Eagle Gold has closed a C$10.9 million flow-through private placement with Teck and South32 each exercising their participation rights, bringing the company's cash balance to C$55 million following the earlier C$23 million Sprott-led offering. The four cornerstone investors now hold approximately 53% of shares, with the 2026 exploration season set to commence in April targeting more than 50,000 metres of drilling at the NAK project.
Source: Australian Financial Review
Portfolio manager Jeremy Bond reassured clients that commodity prices were resilient during the war and the mining sector still shows potential. Resources fund managers are positioning for a potential rally after recent market volatility.
Source: Financial Post
US Elemental Inc., a newly formed company backed by ASX-listed Jindalee Lithium, plans to list on the Nasdaq via a merger with Constellation Acquisition Corp I in the second half of 2026, in a deal valuing the firm at approximately $573 million. The company is seeking to raise capital to advance its lithium project in Oregon, which holds one of the largest undeveloped lithium deposits in the US and is enrolled in the government's FAST-41 expedited permitting programme.
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This newsletter is for general information, education & entertainment. Kamoa Capital is not licensed and does not know your circumstances. Nothing here is financial, legal or tax advice - seek professional advice and read any PDS before acting. We aim for accuracy but make no guarantees and accept no liability. Views are opinions only and may include forward-looking statements that may not occur.
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