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Copper just touched a fresh record on the London Metal Exchange today, Tuesday, September 8, trading above US$14,500 a tonne, and five Canadian listed miners made sure you had plenty of reasons to pay attention while it happened, from a 30% resource jump to a $2.4 billion feasibility study.
Quick Takeaways
Short on time? Here is the week in two lines.
Copper hit a record above US$14,500 a tonne on the London Metal Exchange today, right as Ivanhoe (TSX: IVN) grew its Makoko copper resource 30% to about 12 million tonnes.
Liberty Gold (TSX: LGD) unveiled a feasibility study for Black Pine showing a $2.4 billion after tax NPV and a 60.5% return. Starlo (CSE: SLO) is doing a reverse takeover into a Mexican silver project.
The News: Ivanhoe Mines (TSX: IVN) increased the contained copper at its Makoko District by 30% since 2025 to about 12 million tonnes, following roughly 64,000 metres of drilling at its Western Forelands project in the Democratic Republic of Congo.
Why It Matters: The Western Forelands now holds more than 55 million tonnes of discovered copper across Kamoa Kakula, Makoko, and Kiala combined, ranking it the world's largest and highest grade copper discovery of the past decade, arriving just as London copper prices hit a record above US$14,500 per tonne this week.
Outlook: Watch for an upsized infill drill program starting in the fourth quarter, aimed at converting 30 to 40% of the inferred resource to indicated, plus a scoping study for Makoko that is set to begin in the first quarter of 2027.
The News: Liberty Gold (TSX: LGD) released a feasibility study for its Black Pine oxide gold project in Idaho, outlining a 16 year open pit heap leach mine with 4.04 million ounces of probable reserves and average payable production of 202,000 ounces a year over its first five years.
Why It Matters: At a base case gold price of $3,250 an ounce, the study projects an after tax net present value of $2.4 billion and a 60.5% internal rate of return on just $411 million of initial capital, with payback in about two years, a striking ratio for a project that still needs a construction decision.
Outlook: Liberty Gold has shifted focus to detailed engineering, with federal permitting underway, watch for progress toward a formal construction decision as the company works through its two phase execution plan.
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The News: Starlo Ventures (CSE: SLO) signed a binding letter of intent for a reverse takeover that will see it acquire the Margarita Silver Project in Chihuahua, Mexico, alongside a concurrent $10 million private placement, with plans to list the resulting issuer on the TSXV.
Why It Matters: A historical, though not current, resource estimate on the property outlines about 12.2 million ounces of indicated silver, and Starlo has committed to a further $5 million payment once an updated NI 43 101 resource confirms at least 20 million ounces of silver equivalent.
Outlook: Watch for confirmation of the new board and management team, along with the updated technical report from Micon International that will determine whether the milestone payment gets triggered.
Today's Drill Results
A quick rundown of assay results also released today:
Golden Rapture Mining (CSE: GLDR): Up to 63.11 g/t gold from surface sampling at Swell Bay, Ontario.
Bold Ventures (TSXV: BOL): 3.96 g/t gold over 2.28 metres at Wilcorp near Atikokan, Ontario, confirming a second high grade zone.
Talamore Mining (TSX: TALA): 12.24 g/t gold over 6.4 metres at Coffee's Supremo Extension in Yukon, well above resource grade.
RUA Gold (TSX: RUA): 136.2 g/t gold equivalent over 0.6 metres at Auld Creek, its best hole yet. Project is in New Zealand.
Goldgroup Mining (TSXV: GORO): 4.36 g/t gold over 16.8 metres from early holes at San Francisco, Sonora, feeding a restart study due Q4 2026.
Disclaimer: This article is published by Mining Front for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. This commentary is independent and has been prepared without compensation from any of the companies mentioned, and neither Mining Front nor its contributors hold positions in the securities discussed as of the time of this publication, unless explicitly disclosed. Investing in the mining sector is highly speculative and involves substantial risks, including the potential loss of principal; forward looking statements, resource estimates, and production projections are subject to material market and technical uncertainties and should not be relied upon as guarantees of future performance. Readers should conduct their own independent due diligence and consult with a licensed financial advisor before making any investment decision; please read our full legal disclaimer at our Disclaimer Page for further information.
