Red Metal Resources reports that mining at the Farellon Project in Chile has advanced underground development from Level 7 to Level 9, with copper and gold grades nearly doubling in September compared to August. The lessee, Minera KMT, delivered 1,042 tonnes of ore to ENAMI's plant, generating approximately US$75,750 in settlement value and about US$6,440 in royalties for Red Metal. The company expects production to ramp up as mining progresses deeper, providing steady royalty income. Sampling and drilling efforts continue to support future development plans.
Red Metal's Farellon Mining update is provided here with Pluang's Basic Materials sector data for context. Of 83 priced US stocks in this sector, 44 rose and 33 fell today. Notable movers include TGB at USD 8.80 with a 1-day change of +2.80%, TECK at USD 65.50 down 2.49%, and ALB at USD 99.86 up 2.26%, as of Oct 14, 2026 16:01 WIB.
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