Morning Briefing: Collective Mining Intersects High-Grade Gold

Good morning and welcome back to the Mining Stock Daily morning briefing. I am your host Michael McCrae filling in for Trevor Hall. 

It is Tuesday, October 27. 

Technology and AI stocks rebounded. The S&P Futures and Nasdaq Futures are green in anticipation of earnings this week. 

Details of Anthropic’s public listing were revealed. The company  is expected to raise up to $100 billion

at a valuation of $1.5 trillion to $2 trillion, positioning it as potentially the largest IPO in history.

Crude oil prices eased slightly, helping soothe broader market anxieties regarding energy shocks. Crude oil futures sit at $101. Gold is at $4,035, down 3% this month. Copper Futures are at $6.61. Copper has shown relative stability, trading between $6.48 and $6.51 per pound.

We will get to the news from the miners and explorers in a moment, but first a mention of today's sponsor: Today's episode of Mining Stock Daily is brought to you by… Vizsla Silver.

Vizsla Silver is advancing the Panuco silver-gold project in Sinaloa, Mexico — one of the highest-grade silver development projects in the world. The project hosts the world's largest, undeveloped high-grade silver resource, and the company has been aggressively expanding its drill program to grow that resource ahead of a development decision. Learn more at vizslasilver.ca.

Here’s the news you need to know today.

Collective Mining reported assays from 30 holes at its Guayabales Project in Colombia, 24 of them in Apollo’s Shallow Halo Zone, with highlights including 14.25 m at 6.49 g/t AuEq in APC-218, 67.25 m at 1.58 g/t AuEq in APC-204, and 197.40 m at 0.74 g/t AuEq from near surface in APC-226, much of it outside the current Mineral Resource. Twenty-two of the 24 SHZ holes cleared the 0.30 g/t AuEq open-pit cut-off, bringing the tally since the September 8 maiden resource to 44 of 47, though only about 41% of the SHZ has been drill tested so far. The company says it is fully funded with US$93.7 million in cash as of June 30, has 13 rigs turning and 69 holes pending, and is targeting adit construction in Q4 2026, an environmental license application in the second half of 2027, and an updated resource in Q4 2027 to Q1 2028 followed by a PEA (NASDAQ: CNL). News Release

Elemental Royalty has closed the acquisition of four of the five royalty and stream assets it agreed to buy from Orion Mine Finance in September, paying US$188 million in cash and issuing 3,942,881 shares. The acquired package includes the Ruby Hill Complex and Granite Creek silver stream, the Kouroussa gold stream, the Homestake District royalty and the La Negra royalty, while the Snowy River gold stream is expected to close in Q1 2027 pending New Zealand regulatory approvals (NASDAQ: ELE). News Release

Nevada King Gold reported shallow Rotary Air Blast drill results from the East Ridge Target, immediately east of the Atlanta pit in eastern Nevada, led by hole AT26ERB-70 at 2.58 g/t Au over 29.3 m from surface, which the company calls its best East Ridge RAB intercept to date on a grade-thickness basis, along with 1.04 g/t Au over 26.8 m in AT26ERB-63. At the Silver Park Target about 2 km west of the pit, RAB drilling returned lower-grade oxide intervals such as 0.46 g/t Au over 14.6 m and 0.30 g/t Au over 17.1 m, both ending in mineralization. Because RAB holes are capped at 30 m depth, intervals reported as bottoming in mineralization simply hit the rig’s limit, so the extent below is unknown and the company plans to follow up with deeper Reverse Circulation drilling alongside its ongoing 40,000 m RC program (TSXV: NKG) . News Release

Eldorado Gold says the first two tailings filter presses at its Skouries mine in northern Greece are now operational, allowing the plant to run continuously and ramp up throughput as commissioning continues toward commercial production. The facility has six Metso presses, with four needed for commercial production on sulphide ore, five for nameplate throughput and a sixth held as an installed spare for maintenance flexibility (TSX:ELD). News Release

Energy Fuels says Export Finance Australia and the National Reconstruction Fund Corporation have conditionally approved up to A$180 million toward a proposed A$200 million senior debt facility to build Phase 1 of the Donald Rare Earth and Mineral Sands Project in Australia. The company is now targeting a final investment decision by the end of 2026, positioning Donald as the monazite and xenotime feedstock source for its planned mine-to-magnet supply chain (NYSE American: UUUU). News Release

The Mining Stock Daily morning briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice, and at Clear Commodity Network.

That's it for today everyone. Have a great day. Stay safe.