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Gold price targets in USD — major banks (May vs July 2026 updates): • Wells Fargo → $6,100–$6,300 (Unchanged) • J.P. Morgan → $6,300↘️ $6,000 • Bank of America → $6,000 (Unchanged) • UBS → $6,200 ↘️ $5,500 • Goldman Sachs → $5,400 ↘️ $4,900 • Morgan Stanley → $4,800 ↗️ ~$5,200 • BMO Markets → $6,500 (2027) ↘️ $4,625 (H2 avg) • RBC Markets → $5,723 (avg) ↘️ $4,800 • Commerzbank → $5,000 (Unchanged) • ING → $5,000 ↘️ $4,300–$4,600 Gold is trading ~$4,180 as of Friday morning.

Earnings season is approaching for the major North American-listed mining giants. The key earnings dates and release times for the sector's largest North American-listed miners: 🔹July 23 - Newmont $NEM (after close) 🔹July 23 - Freeport $FCX (before open) 🔹July 29 - Rio Tinto $RIO (half year) 🔹July 29 - Agnico Eagle $AEM (after close) 🔹July 30 - Southern Copper $SCCO 🔹July 30 - Vale $VALE (after market) 🔹Aug 6 - Wheaton $WPM 🔹Aug 10 - Barrick $GOLD 🔹Aug 11 - Franco-Nevada $FNV 🔹Aug 18 - BHP $BHP (full year)

Rule Symposium Video: Mining M&A wave seen building dlvr.it/TTbCTy

BC, Simpcw First Nation sign consent agreement for Trekor Metals’ Yellowhead copper project dlvr.it/TTbBqL

US widens lead over Europe in critical minerals race: WSJ dlvr.it/TTb52M

Gold demand in China at decade low in June, WGC says dlvr.it/TTb4xM

AI emerges as new driver of rare earth demand, Sprott says dlvr.it/TTb4qd

CHART: Gold price holds $4,000 as mining stocks bear the brunt dlvr.it/TTb3zC

Op-Ed: The Arctic won’t save the energy transition dlvr.it/TTb3pf

BMI just made the most bullish long-term copper call of any major forecaster: $17,000 a tonne by 2035. The same report says today's rally has already outrun fundamentals. The market is still in surplus this year, and BMI's 2026 forecast of $12,700 actually sits below the Bloomberg consensus of $13,007. The flip comes in 2027, a deficit that widens every year after, reaching nearly 1.5 million tonnes by 2035. What's driving it: 1. BEVs use more than double the copper of a conventional car 2. Offshore wind needs seven times more than coal 3. Data centres take 20 to 40 tonnes per megawatt

China still dominates rare earth processing. Has its export strategy actually accelerated efforts to build supply chains without it? CSIS critical minerals expert Gracelin Baskaran explains why the real battle has shifted beyond mining, and how the US is trying to close the gap. Watch the full interview here: youtu.be/fh-12AjRQug?si…

Malaysia probes Lynas’ Pentagon rare earths supply deal dlvr.it/TTZtZY

ETM battles Greenland over rare earth ‘expropriation’ dlvr.it/TTZsFX

New Pacific boosts Bolivia project value dlvr.it/TTZrCD

Copper price slides as monster storm bears down on Chile and Iran flare-up rattles metals dlvr.it/TTZRSd

Canada’s first diamond mine to shut down   dlvr.it/TTZPhr

Hitachi Machinery, Pronto sign mine automation solutions MoU  dlvr.it/TTZPf1

Acid test: IEA warns copper supply outlook has “worsened considerably” dlvr.it/TTZNNz

Sponsored: Eriez CEO on grinding less and recovering more @Devan_Murugan of The @NorthernMiner spoke with Eriez CEO Jaisen Kohmuench about technologies that improve mineral recovery and reduce grinding costs, including HydroFloat and StackCell flotation systems. mining.com/joint-venture/…

Copper price: BMI hikes forecasts – structural deficits to bring $17,000 next decade dlvr.it/TTZDKG