Gold prices have surged with tight physical supply, making mining stocks more attractive than physical gold. The article highlights several precious metals companies as strong investment opportunities, including Hecla Mining, First Majestic Silver, Alamos Gold, Kinross Gold, and Eldorado Gold. CF Industries is also discussed as a cyclical fertilizer play benefiting from strong farming demand.

Tungsten prices have tripled since early 2024 as China restricts exports, prompting Western nations to secure critical mineral supplies. The U.S. committed $30 billion in strategic mineral financing and signed bilateral frameworks with 50+ countries. Mining companies are advancing tungsten and copper projects across North and South America to address supply shortages.

Eldorado Gold Corporation agreed to acquire Foran Mining Corporation for approximately $2.8 billion CAD in an all-stock deal. The combined company will have balanced exposure to gold and copper across Canada, Greece, and Türkiye, with two development projects expected to reach production by mid-2026. The merger is projected to generate $2.1 billion in EBITDA and $1.5 billion in free cash flow in 2027.

Eldorado Gold Corporation has agreed to acquire Foran Mining Corporation in an all-stock and cash deal valued at approximately C$3.8 billion. The combination creates a sector-leading gold-copper mining company with two major development projects—Skouries in Greece and McIlvenna Bay in Saskatchewan—both expected to reach commercial production in mid-2026. The pro-forma company is projected to generate approximately $2.1 billion in EBITDA and $1.5 billion in free cash flow in 2027, with production of approximately 900k gold equivalent ounces. The transaction is expected to close in Q2 2026 and requires shareholder and regulatory approvals.

Eldorado Gold Corporation has initiated a quarterly dividend program with an initial dividend of US$0.075 per common share, payable on March 13, 2026. The announcement reflects the company's strong financial position and confidence in its Skouries project transitioning into production. During 2025, the company repurchased approximately US$204 million in common shares, demonstrating a disciplined capital return strategy.

Eldorado Gold announced preliminary full-year 2025 gold production of 488,268 ounces, achieving the higher-end of guidance. The company reported strong Q4 results driven by the Lamaque Complex and improved performance at Olympias. Dr. Sally Eyre, a geologist with 30+ years of mining experience, was appointed to the Board of Directors effective January 1, 2026.

Proxy advisory firms ISS and Glass Lewis have recommended that Probe Gold shareholders vote in favor of the proposed acquisition by Fresnillo at C$3.65 per share, representing a 39% premium over the unaffected market price. The transaction, valued at approximately C$780 million, is expected to close in Q1 2026, with the company's board unanimously supporting the deal.

Eldorado Gold Corporation has acquired 14,868,200 common shares of Amex Exploration Inc. at C$4.00 per share, for a total consideration of C$59,472,800, increasing its ownership from 16.77% to 27.27%.

Probe Gold has filed a special meeting circular for a proposed plan of arrangement with Fresnillo, where all outstanding shares will be acquired for $3.65 per share in cash. The board unanimously recommends shareholders vote in favor of the arrangement.

Brixton Metals discovered a second copper-gold porphyry system at the Tempest Target within its Thorn Project in northwestern British Columbia, with initial drilling revealing promising mineralization across multiple intervals.

Eldorado Gold Corporation will release its Third Quarter 2025 Financial and Operational Results on October 30, 2025, followed by a conference call on October 31, 2025 at 11:30 AM ET.

Gold prices are rising as the U.S. dollar weakens, with central banks and investors increasingly turning to precious metals as a store of value. Mining companies are positioned to benefit from this trend, particularly those with low-cost, near-term production capabilities.