Mining & Metals · Week of Nov 2, 2026
Q3 results and a Norway copper deal: the week in mining and metals
Third-quarter results led the week, alongside an all-share copper acquisition in Norway, two audit committee appointments and a Wyoming drilling approval.
Quarterly reporting dominated the week. Columbus McKinnon said its fiscal second-quarter net sales rose 107% to $539.3 million on the Kito Crosby Acquisition and raised its full-year guidance. Gold Royalty reported third-quarter revenue up approximately 147% to $10.2 million and kept its 2026 GEO guidance. Agnico Eagle released third-quarter 2026 results and says it is on track to meet its 2026 production and cost guidance.
Two companies added financial expertise to their boards. U.S. GoldMining named former PwC partner John DeLucchi a director and Audit Committee chair, and Energy Fuels appointed former Boart Longyear chief executive Jeffrey Olsen to its board and Audit Committee. In deals, ACG Metals agreed to acquire Blue Moon Norway, including the construction-stage Nussir copper mine, for US$220 million in shares. Relevant Gold received expanded drilling approvals in Wyoming, and Kleros Capital Partners says a Singapore court authorised the seizure and sale of Tata Power's shares in two Singapore subsidiaries.
Columbus McKinnon Corporation
CMCO's Growth and Integration Momentum Continues in Q2 FY27; Increases Full Year Guidance
Columbus McKinnon reported fiscal 2027 second-quarter net sales of $539.3 million, up 107%, and a net loss of $25.5 million, and raised its full-year net sales guidance to $2.13 billion to $2.17 billion. The company says the Kito Crosby Acquisition drove the growth, while Adjusted EPS slipped $0.01 to $0.61, which it attributes largely to a higher share count and increased interest expense.
Gold Royalty Corp.
GOLD ROYALTY REPORTS RECORD THREE AND NINE-MONTH RESULTS WITH CONTINUED STRONG CASH FLOW AND EARNINGS GROWTH
Gold Royalty reported third-quarter revenue of $10.2 million, up approximately 147%, and net income of $3.8 million, compared with a net loss of $1.1 million a year earlier. The company maintained its 2026 guidance of 7,500 to 9,300 GEOs, based on an assumed gold price of $5,150 per ounce, and reported no debt and an undrawn $125 million revolving credit facility.
ACG METALS LIMITED
ACG to Acquire 100% of Blue Moon Norway, Including the Construction-Stage Nussir Copper Mine, to Create a High-Growth European Copper Company
ACG Metals agreed to acquire 100% of Blue Moon Norway AS, including a 94.52% interest in the Nussir copper project, for US$220 million in new class A shares, with closing anticipated by 30 November 2026. ACG says Nussir is expected to average approximately 18,400 tonnes of copper-equivalent production per annum over 2029–2033, taking combined output with Gediktepe to over 50,000 tonnes per annum, subject to shareholder and regulatory approvals.
Relevant Gold Corp.
Relevant Gold Receives Expanded Drilling Approvals for the Lewiston Project in Wyoming
Relevant Gold said the U.S. Bureau of Land Management and the Wyoming DEQ approved 29 drill-pad locations along the Burr and Sweetwater trends at its Lewiston Project, though the company says this does not represent a 29-hole program. It plans additional holes before the end of the 2026 season, including a step-out approximately 2 km along strike at Burr, to guide 2027 follow-up work.
U.S GoldMining Inc.
U.S. GoldMining Appoints John DeLucchi to Its Board of Directors to Support Strategic Growth and Advancement of the Whistler Gold-Copper Project, Alaska
U.S. GoldMining appointed John DeLucchi, a former PwC partner and former CEO of the Madison Group, as a director and Chair of the Audit Committee, effective November 2, 2026. The company says his background is intended to strengthen financial oversight and governance as it advances its 100% owned Whistler Gold-Copper Project in Alaska.
Energy Fuels Inc.
Energy Fuels Announces Appointment of Jeffrey Olsen to Board of Directors
Energy Fuels appointed Jeffrey Olsen, President and CEO of Boart Longyear from 2016 to 2024 and earlier an 18-year Rio Tinto executive, to its Board of Directors and Audit Committee as a Financial Expert. The company says his experience is relevant to its strategy of growing its critical materials businesses, including rare earth elements, uranium, heavy mineral sands, vanadium and medical isotopes.
Kleros Capital Partners
Singapore Court grants enforcement orders authorising the seizure and sale of Tata Power's shares in Singapore companies
Kleros Capital Partners says the Singapore International Commercial Court granted enforcement orders authorising the Sheriff to seize and sell Tata Power's shares in Bhira Investments Pte. Ltd. and Tata Power International Pte. Ltd. Kleros says the arbitration debt, based on a USD 490.32 million award plus interest, now exceeds USD 650 million and that Tata Power has paid none of it.
Agnico Eagle Mines Limited
AGNICO EAGLE REPORTS THIRD QUARTER 2026 RESULTS - STRONG FREE CASH FLOW GENERATION DRIVEN BY SOLID OPERATIONAL PERFORMANCE; ON TRACK TO ACHIEVE 2026 PRODUCTION AND COST GUIDANCE
Agnico Eagle reported financial and operating results for the third quarter of 2026 on Oct. 28, 2026. The company describes strong free cash flow driven by solid operational performance and says it is on track to achieve its 2026 production and cost guidance.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not News Today Lines reporting.