Morning Briefing: FireFly Metals Extends High-Grade Copper

0:02Good morning and welcome back to the Mining Stock Daily Morning Briefing. presented by the Clear Commodity Network, and delivering today's top news in mining and mineral exploration. From the new ClearCom Studios, here's your host, Trevor Hall. Good morning and welcome back to Mining Stock Daily Morning Briefing. I'm your host, Michael McRae, filling in for Trevor Hall. It's Monday, November 9th. Dow and S &P 500 futures edged higher Monday as investors looked for a rebound after a volatile post-election week that left every major index lower. Gold is at$4 ,117, regaining last week's drop to the$4 ,000 mark.

0:41Copper future is up 1.52 % to$6.33. It is a big data week with U.S. Consumer Price Index on Tuesday and October producer prices to follow on Friday. We'll get to the news from the miners and explorers in a moment, but first a mention of today's sponsor. This episode of Mining Stock Daily is brought to you by Integra Resources.

1:11Integra is a growing up precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development stage heat bleach projects, the past producing De La Mara project located in southwestern Idaho, and the Nevada North project located in western Nevada. Learn more about the business and their high industry standards over at integreresources.com. And here's the news you need to know today.

1:48Brady and Mining says his Casabella gold, copper, silver project in Matto Grosso of Brazil has entered pre-construction with AFRY awarded to the EPCM contract,$30.9 million committed to long-lead equipment and site infrastructure, and the licenses for over 24.3 kilometer power line secured. The company received more than 20 indicative financing proposals, several of them fully funded packages of$400 million covering debt, cost overruns, and offtake against a pre-production capex of$322 million and a treasury of about$90 million. The September DFS outlines an after-tax MPV of$2.1 billion and 108 % IRR at$3 ,570 gold and$5 copper.

2:37Barrick produced 816 ,000 ounces of gold, 50 ,000 tons of copper in its Q3, while the company highlights a 6 % year-over-year excluding divested assets and total attributable gold that actually fell 2%, which attributes extreme weather at Valladero and delayed access to the high-grade ore at North Mara. Gold, oil and sustaining cost climbed to 19.11 an ounce from 15.38 a year earlier. Surge Copper has completed its 2026 field program at the Berg Copper Project in Central British Columbia, drilling 6 ,334.5 meters across 31 holes, almost all of it geotechnical, hydrogeological, and acid rock drainage work to support feasibility level engineering, and the environmental assessment that follows is June 2026 PFS.

3:33The company also resampled 23 historical holes with modern methods. Heliostar has released results from 164 holes at its producing San Augustine mine in Durango, Mexico, including shallow oxide gold intercepts such as 40.9 meters at 0.9 grams per ton gold equivalent at the corner expansion zone which extends more than 200 meters beyond the current reserve and 100.6 meters at 0.42 grams per ton gold equivalent from surface at the newly defined East Wall Zone. The company says that these two zones could supply about half of a targeted two-year mine life extension, though resource modeling, metallurgy, engineering, and permit modifications are still underway.

4:20Firefly Metals reports underground drilling at the Ming Mine in Newfoundland that extends the high-grade core laterally and updip beyond its August 2026 resource, including 16.4 meters at 9.2 copper equivalent and 6.9 meters at 10 % copper equivalent at roughly true thickness, while infill holes such as 15.5 meters at 12.4 % copper equivalent and 9.8 % 14.2 % copper equivalent support conversion of inferred material to measured and indicated. The company says extensions add copper per vertical meter close to existing access through a 3 billion NPV and its sites coming from 4.6 tons per annum PEA case.

5:10The Mining Stock Daily morning briefing is produced by the Clear Commodity Network. It is distributed through the world through your podcast network of choice and a clear commodity network. That's it today for everyone. Have a great day. Stay safe. The information presented should not be considered investment advice. Mining Stock Daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.