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The Drill Down
The Drill Down
Wednesday 8 April 2026 · Part 2 Edition
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Commodity Prices
| Precious Metals |
Price (USD/toz) |
| Gold |
$4,824.24
+117.89 (+2.51%)
|
| Silver |
$77.04
+4.04 (+5.54%)
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| Platinum |
$2,039.83
+78.33 (+3.99%)
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| Palladium |
$1,541.57
+73.33 (+4.99%)
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| Base Metals (LME) |
Price (USD/lb) |
| Copper |
$5.76
+0.1334 (+2.37%)
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| Nickel |
$7.71
-0.0363 (-0.47%)
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| Zinc |
$1.52
+0.0267 (+1.79%)
|
| Aluminium |
$1.58
+0.0165 (+1.05%)
|
| Lead |
$0.89
+0.0113 (+1.3%)
|
Prices updated as of 8 Apr 2026, 3:46 pm AEST
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Today's Stories
Source: The Australian
Australian gold miners including Capricorn Metals and Ramelius Resources are flagging diesel supply as a material risk, with Ramelius currently paying more than double its forecast price despite no disruption to supply at its WA operations. The contrast with Guinea is stark: Robex Resources' Kiniero gold mine is paying just US$1.25 per litre with over 30 days of supply on hand and prices up only around 5% since the Iran conflict began.
Source: Lundin Mining
Lundin Mining has completed acquisition of an additional 5% stake in the Caserones copper mine and 31% interest in the Los Helados copper project in Chile. The transaction strengthens the company's position in both Chilean copper assets.
Source: Financial Post
Eldorado Gold's C$3.8 billion ($2.7 billion) bid for Foran Mining has received investor backing. The acquisition would add copper-focused assets to Eldorado's predominantly gold portfolio.
Source: Mining.com.au
Aggreko will deliver Australia's largest off-grid renewable hybrid power facility for the Eva Copper Mine in Northwest Queensland. The project represents a major development in remote mining power infrastructure.
Source: The Northern Miner
Goldman Sachs has warned on copper market risks and reduced its price target for the metal. The investment bank cited various market factors affecting copper demand and supply dynamics.
Source: MINING.COM
EnergyX has launched the first direct lithium extraction plant in the US, located in Texas. The facility marks a milestone in domestic lithium production capabilities as the country seeks to secure local supply chains.
Source: Financial Times
The Duval family is considering exiting their 37% stake in troubled mining company Eramet as a $500 million capital raise approaches. The family has hired Lazard to advise on their shareholding in the mining group.
Source: MINING.COM
BRICS+ nations now hold about 6000 tonnes of gold reserves, representing over 17% of global reserves according to EBC Financial Group. The expanded bloc's gold holdings underscore the group's growing influence in commodity markets.
Source: Australian Financial Review
Taurus Funds Management, which acquired Western Australia's Abra lead and silver mine out of voluntary administration, has mandated Perth's Azure Capital to run a dual-track process for the asset, now rebadged as Endurance Mining, exploring both a sale and an ASX IPO. The mandate was made last week, with the process described as early-stage.
Source: Reuters
Ghana has awarded the Damang gold mine lease to local mining services company Engineers & Planners Ltd, which demonstrated access to $505 million in financing and scored highest on technical experience, safety and local content across four bidders. The decision marks a significant step in Ghana's push for greater local ownership of its mining assets, with Gold Fields set to formally transfer the mine on 18 April 2026 after operating it for more than two decades.
Source: Ecofin Agency
Namibia is attracting growing junior mining investment in copper, lithium and rare earths, with Kaoko Metals planning a A$6.5 million ASX listing this month to fund exploration at its Chalkos and Karibib projects. The country's stable, investor-friendly jurisdiction is drawing interest from companies including Midas Minerals and Koryx Copper, as the sector diversifies beyond Namibia's traditional diamond, uranium and gold base.
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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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