UBS has initiated coverage of Lundin Gold with a Buy rating and a C$103 price target, highlighting the company's high-margin gold production and strong free cash flow from its Fruta del Norte mine in Ecuador. The mine is noted for its high grades, consistent performance, and long life, with potential production upside from plant optimizations and exploration programs. UBS also points to low operating costs under $1,200 per ounce, supporting solid margins even if gold prices remain stable. Exploration efforts, including a large drilling program planned for 2026, could extend mine life and increase output, while nearby copper-gold discoveries offer additional long-term growth potential. Lundin Gold's strong cash position supports shareholder returns and expansion plans, despite recent underperformance compared to gold miner ETFs.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
