SP Angel Morning View: Gold holds high levels ahead of Fed rate cut decision as Treasuries rally fades

SP Angel Morning View: Copper prices rise alongside iron ore as China restocks

PANMURE LIBERUM: EV Supply Chain Monthly: August Ed. – no summer holidays here

PANMURE LIBERUM: Commodity snapSHOT: Iron Ore – next stop, season’s terminus

PANMURE LIBERUM: Commodity snapSHOT: Uranium – output cuts of Kazakhstan

PANMURE LIBERUM: EV Supply Chain Monthly: July Edition

SP Angel Morning View: Metals price becalmed as China politburo pledges greater support

FLASH: MRE and quarterly update

SP Angel Morning View: Gold jumps as US inflation cools, US dollar falls and markets look for early rate cut

SP Angel Morning View: Copper short squeeze fades as COMEX discount narrows

SP Angel Morning View: Anglo moves to refocus group to copper and iron ore to fend off BHP

SP Angel Morning View: Copper strengthens again as China smelters look to ramp up exports

Ango Asian Mining* (AAZ LN) - FLASH NOTE - Gedabek is ready to restart with Demirli to upgrade growth profile

SP Angel Morning View: Chinese shut additional high-cost lithium mines in Zimbabwe

Oriole Resources* (ORR LN) – FLASH NOTE – Abundant gold in Mbe trenching

Oriole Resources is an AIM-quoted gold exploration company holding an expansive suite of prospective gold licences across West and Central Africa, with a particular focus in Cameroon, a deeply under-explored and recently reformed mining jurisdiction. The Company provided an update for its 80% owned Mbe gold project in Cameroon, where Oriole is free-carried as BCM International earns up to 50% of the project.

Valeura Energy (TSX: VLE): Another strong quarter

• 3Q24 production was 22.2 mbbl/d. This is well above our conservative forecast of 20.4 mbbl/d that incorporated more provisions for downtime and steeper declines. All the assets appear to be performing very well. • Production in September was 26.4 mbbl/d. This is above the already high rate of 26.2 mbbl/d announced at the end of August. • Valeura held US$156 mm in cash at the end of September. This was very close to our forecast of US$162 mm. However, the 3Q24 revenue and cash position at the e

Jubilee Metals (JLP LN) - Audited results for FY24 (June)

Jubilee today announces its audited results for FY24 which ended in June. Revenues rose to $205.4m from $170.9m in FY2023 (Zeus estimate was $208.8m). Group EBITDA fell to $27.7m from $29.8m (Zeus $26.6m) with eps falling from 0.58c/sh to 0.21c/sh (0.3c/sh). Capex fell to $36.9m from $65.9m with gross cash at the end of the period at $19.3m from $15.9m at the end of June 2023. Chrome is now poised to take on more of a roll in operating cash flow and profits as the Thule plants are brought on str

PANMURE LIBERUM: Commodity redEYE: Peak conviction, instantly restored

SP Angel Morning View: Iron ore limit up as China stimulates further over the weekend, boosting sentiment

SP Angel Morning View: Gold edges higher as Russian Ministry of Finance plans to boost precious metals purchases in 2025

American West Metals (AW1 AU) – Suspension Anglo Asian Mining* (AAZ LN) – Agitation leaching plant production resumed Barrick Gold (GOLD US) – Agreement reached with Mali government Caledonia Mining* (CMCL LN) – Solar power plant at the Blanket mine, Zimbabwe Cobra Resources (COBR LN) – Bench scale test results from Boland project, South Australia Ionic Rare Earths (IXR AU) – UK funding for REE recycling business Orosur Mining* (OMI LN) –Annual results and share placing Power Nickel (PNPN

Record Q3

Amelio Energy acquisition

Allied Gold: $192.2m fund raising to support Kurmuk development and Sadiola expansion

Allied Gold (“Allied”) has announced a fully underwritten equity raise of C$192.2m through the issue of 62m shares at a price of C$3.10/share, excluding a 15% greenshoe option granted to the Underwriters. Closing is expected to occur on or about 8 October. The funds will be principally used to fund the development of the Kurmuk mine in Ethiopia and phased expansion of Sadiola in Mali, which should drive a doubling of production between 2023 and 2029 to almost 730koz, with a 40% decline in AISC t

Morning Note – 30 September 2024

Hybridan Small Cap Feast - 4 October 2024

Dish of the day Admissions: None Delistings: None What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 30th September 2024: Applied Nutrition, the sports nutrition, health and wellness brand announced that it is considering an £500m IPO onto the LSE Main Market. Across the four ranges, the Group sells approximately 100 different products, with flavour and format combinations across those products resulting in over 500 stock keeping units. July 2024 YE numbers report

Market headwinds persisting

Oil & Gas - Cavendish sector note

Chariot, Jersey Oil & Gas, 88 Energy, Hartshead Resources, Capricorn Energy, Pharos Energy, Star Energy, Petro Matad, Prospex Energy, Sound Energy, Nostra Terra Oil & Gas, i3 Energy, Jadestone Energy Source: FactSet, weekly change 16/09/2024-20/09/2024 Oil closed little changed after a day of choppy trading as tensions in the Middle East ratcheted higher while the boost from Federal Reserve’s steep interest-rate cut faded. West Texas Intermediate settled below $72 a barrel while Brent settled ab