Mineros Pt.2: When Gold Shapes More Than a Mine — A Community

Oct 1, 2025
By Juliette Maurel
Reading time: 11 mins.

Mineros: When Gold Shapes More Than a Mine — A CommunityI don’t claim to be an expert in the mining industry — in fact, I have no technical background in the field. Before visiting a gold mine like Mineros for the first time, I held several preconceptions: gold mining is often illegal and dangerous, it damages the environment, fuels conflict, and imposes harsh working conditions...And yet,…

Mineros: When Gold Shapes More Than a Mine — A Community

Sep 24, 2025
By Laurent MAUREL
Reading time: 14 mins.

I have just returned from Colombia, where I visited several mining sites, including the alluvial operation run by Mineros S.A.In this pro subscriber bulletin, I share my field report along with a detailed analysis of the company’s latest financial results and outlook.Mineros S.A. released its Q4 2024 earnings, and its stock has taken a sharp hit at the start of the week. In this bulletin,…

Analysis of Serabi Gold

Sep 17, 2025
By Laurent MAUREL
Reading time: 6 mins.

Serabi Gold is a junior gold mining company focused on production in Brazil. It operates two high-grade underground mines, Palito and Coringa, located in Pará State.
Serabi Gold recently published its latest results and production forecasts for the coming years.
In the first quarter of 2025, Serabi produced 10,013 ounces of gold, maintaining the pace established at the end of 2024. This figure exceeds the internal quarterly target by approximately 800 ounces. The expected annual production for 2025 is between 44,000 and 47,000 ounces, with a progressive increase anticipated in subsequent quarters.

Strategic Analysis: Agnico Eagle Mines

Sep 10, 2025
By Laurent MAUREL
Reading time: 4 mins.

As of spring 2025, Agnico Eagle Mines continues to assert its position as a global leader among the world’s most disciplined and efficient gold producers. With annual output exceeding 3 million ounces and operations focused in top-tier jurisdictions — Canada, Finland, and Mexico — the company embodies a strategy grounded in operational resilience, high-quality geology, and self-financed growth. Unlike some of its peers, such as Newmont or Barrick, Agnico has consistently avoided risky or dilutive acquisitions.

Newmont's Stellar Q2 Results Signal Undervaluation

Sep 3, 2025
By Laurent MAUREL
Reading time: 4 mins.

Newmont released exceptional quarterly results, far surpassing market expectations.

Revenue came in at $5.32 billion (vs. $4.85B expected), and adjusted EPS reached $1.43, well above the consensus estimate of $1.12.

Newmont is trading at $65, up +6%, hitting its highest level since April 2023. This marks a decisive trend reversal for the stock, driven by outstanding results and the market's gradual reappraisal of the gold sector.

Copper Miners are Hot

Jul 7, 2025
By Laurent MAUREL
Reading time: 10 mins.

In this climate of widespread distrust toward fiscal and monetary policy, gold is once again asserting itself as the ultimate safe haven.

Let’s now turn to recent developments in the mining sector, with a particular focus on the turbulent week experienced by the silver market.

Amid extreme volatility, aggressive futures positioning, and an ongoing sector rotation, several key signals deserve closer analysis.

High Costs and Geopolitical Turmoil Shake Investor Confidence in some Gold Miners

May 30, 2025
By Laurent MAUREL
Reading time: 9 mins.

The surge in gold prices is already causing major disruptions in Burkina Faso, both economically and politically. In this increasingly unstable context, it's essential to assess what could change in the short term for the mining industry in a jurisdiction that is becoming more complex and exposed.

What new risks—and potential opportunities—might emerge from this rapidly evolving landscape?

Miners are Starting to Move

May 29, 2025
By Laurent MAUREL
Reading time: 8 mins.

Despite a tense global environment — with persistent inflation, geopolitical tensions, and heightened interest rate uncertainty — the U.S. economy remains broadly resilient.

The uranium sector has emerged as one of the most sought-after plays in the market. The momentum was abruptly reignited by a series of executive orders signed by Donald Trump, aimed at revitalizing and reindustrializing the American nuclear industry. These measures — still in the process of being fully defined — form part of a broader strategy for energy security and reduced reliance on imports, particularly from Russia.