Category: Market News

Serabi Gold (LSE:SRB) delivered a substantial improvement in its 2025 financial results, supported by increased gold production and significantly higher realised gold prices. Revenue climbed to $155.8 million during the year, while EBITDA more than doubled compared with the previous period. The company also revised its all-in sustaining cost (AISC) for the fourth quarter of 2025 to $1,818 per ounce, with full-year AISC reaching $1,816 per ounce as expansion activities continued across its operations.

The company closed 2025 with net cash of $42.1 million and achieved a debt-free position in early 2026, strengthening its ability to fund future growth internally and evaluate potential acquisition opportunities. Serabi also introduced its first annual dividend and outlined a capital return policy targeting the distribution of 20% to 30% of free cash flow through dividends or share buybacks. At the same time, the group continues to allocate capital toward mine development, exploration drilling, and ESG programmes, aiming to balance shareholder returns with long-term operational growth and cost management.

Serabi’s outlook is underpinned by strong financial momentum, including rapid growth in revenue and profitability, improving cash generation, and low leverage. The company also trades on a relatively modest valuation, supported by a low price-to-earnings ratio. Technical indicators remain positive, with the shares maintaining an established upward trend and favourable momentum, although fluctuations in historical earnings and cash flow continue to represent a key investment risk.

More About Serabi Gold

Serabi Gold is a Brazil-focused gold mining and development company with producing operations at the Palito complex and expanding activities at the Coringa mine. The company is focused on mid-scale underground gold production and is targeting annual output of around 60,000 ounces from 2027, supported by ongoing mine development programmes and brownfield exploration initiatives.

80 Mile plc (LSE:80M) has signed a definitive joint venture agreement with USFM Corporation for the Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland. Under the terms of the deal, USFM will invest US$30 million to earn a 51% interest in the project, while 80 Mile will continue as operator and retain a 49% free-carried stake.

The company has also obtained drilling permits from Greenlandic authorities and approved a US$7.5 million budget for an initial 5,000-metre drilling programme scheduled to begin in July 2026. Key contractors appointed for the campaign include Forage Fusion Drilling, Air Greenland, and SRK Exploration. Management said the Disko project’s potential for Norilsk-style magmatic massive sulphide mineralisation positions it as a key asset within Greenland’s growing critical minerals sector and further strengthens the company’s strategic foothold in the region.

80 Mile’s investment outlook continues to be affected by weak financial performance, including a lack of revenue, widening losses, and ongoing cash outflows, factors that heighten funding and dilution risks despite the company’s relatively low debt position. Technical indicators remain constructive, supported by a strong share price trend and positive momentum, although overbought signals moderate the overall technical picture. Valuation metrics remain difficult to interpret due to negative earnings and the absence of dividend yield data.

More About 80 Mile plc

80 Mile plc is an exploration and development company listed on AIM, the Frankfurt Stock Exchange, and OTC markets. The company holds a portfolio of mineral assets across Greenland, Finland, and Italy, with a primary focus on advancing nickel, copper, cobalt, and platinum group metal projects. Through its exploration activities, 80 Mile aims to establish itself as an early participant in Greenland’s developing critical minerals industry.

Panther Metals (LSE:PALM) has released a fifth set of assay results from its Vibracore sampling campaign at the Winston Tailings Project near Schreiber, Ontario, as the company works toward establishing a formal mineral resource estimate. The latest findings, sourced from tailings sections measuring up to 16.8 metres in thickness, showed steady grades of gold alongside several critical metals across both vertical sampling intervals and lateral drill collar positions.

The company said the latest assay data strengthens confidence in the continuity, overall scale, and economic potential of the Winston tailings asset. Management noted that the results further support Panther’s strategy of unlocking value through the reprocessing of historic mine waste deposits. As development work progresses, the Winston project is expected to become an increasingly important part of the company’s portfolio, helping to reduce operational risk while positioning Panther to capitalise on growing demand for critical metals recovered from tailings.

Panther Metals’ investment outlook remains constrained by weak financial fundamentals, including its pre-revenue status, recurring losses, and ongoing negative free cash flow. These factors are partly offset by a comparatively strong balance sheet, supported by low or no debt and positive shareholder equity. Technical indicators remain constructive, with the shares continuing to show positive momentum and an established upward trend, although valuation metrics remain less meaningful due to the company’s lack of profitability and dividend payments.

More About Panther Metals Plc

Panther Metals Plc is a London-listed mineral exploration company focused on Canadian mining assets, with a strategy centred on the recovery of gold and critical metals from historic mining operations. Its portfolio includes the Winston Tailings Project in Ontario, where the company is targeting deposits containing gold, gallium, silver, zinc, copper, indium, and cobalt within legacy tailings material.

Atlantic Lithium (LSE:ALL) has approved the transfer of Elevra Lithium’s 22.5% interest and related rights in the Ewoyaa Lithium Project, along with the wider Ghana lithium portfolio, to Zhejiang Huayou Cobalt, pending regulatory clearance. The agreement also covers the assignment of offtake rights and mutual releases between the parties, streamlining the ownership and management structure tied to the Ghana assets.

Under the proposed arrangement, Huayou would remove the remaining development funding conditions and take full responsibility for financing Ewoyaa’s development costs under the current agreement. Atlantic Lithium said the move is expected to provide a more straightforward funding route for the project while helping advance development timelines and supporting benefits for local communities. The company added that the transaction is separate from the previously announced scheme of arrangement with Huayou, although the consideration tied to the transfer could be adjusted depending on any revisions to the scheme terms.

Atlantic Lithium’s investment profile continues to be weighed down by weak financial metrics, including a steep decline in revenue, significant negative margins, and ongoing negative cash flow. These pressures are partly balanced by the company’s relatively low debt levels. Technical signals remain mixed, though longer-term indicators are moderately constructive, while valuation remains difficult to justify given current losses and a negative price-to-earnings ratio.

More About Atlantic Lithium

Atlantic Lithium is a lithium exploration and development company listed in London, Sydney, and Ghana. Its flagship Ewoyaa Lithium Project is positioned to become Ghana’s first lithium-producing mine. In addition to Ewoyaa, the company controls a large exploration portfolio across Ghana and Côte d’Ivoire, supported by a definitive feasibility study and key regulatory approvals, including a ratified mining lease and operating permits for the Ewoyaa project.

Last Friday at The Groucho Club in London, we were proud to officially launch The Innovation Report,  a new documentary series exploring the technologies, industries, and companies shaping the future global economy.

The launch party brought together investors, founders, executives, media professionals, and innovators for an evening of conversation focused on the future of technology, strategic resources, and global markets. Seeing so many people from across the investment and innovation communities come together to support the launch was an exciting moment for our team and a strong reflection of the growing interest surrounding these emerging sectors.

The evening also marked the introduction of our first episode, The Quantum Revolution, featuring Delta Gold Technologies (AQSE:DGQ) (USOTC:DGQTF), which is released today across the global family of ADVFN Website – HotCopper, Stockhouse, InvestorsHub and ADVFN.

In this first episode, we explore the rapidly evolving world of quantum technologies and examine how innovation in advanced computing and materials could transform industries over the coming decade. Quantum technology is increasingly moving from theory into real-world commercial application, and we believe it represents one of the most important technological shifts of our generation.

But The Innovation Report is about more than technology alone.

Our goal with the series is to connect the bigger picture between innovation, capital markets, industrial transformation, and the strategic resources needed to support future growth. That conversation continues in our upcoming second episode, which focuses on the Critical Minerals sector and features Guardian Metal Resources (LSE:GMET) (AMEX:GMTL) (USOTC:GMTLF)

As demand for electric vehicles, defence technologies, semiconductors, and renewable energy infrastructure continues to rise, critical minerals are becoming increasingly important to global supply chains and national security strategies. Through this episode, we aim to explore both the opportunities and challenges facing the sector and the companies helping to drive its development.

Launching The Innovation Report at The Groucho Club felt like the perfect way to begin this journey, bringing together conversations around innovation, investment, and the future in one room.

This is only the beginning for us, and we’re excited to continue building a documentary series that highlights the people, ideas, and industries defining the next era of global growth.

To view the first episode visit – https://invest.investorshub.com/innovationreport/

The International Monetary Fund said Friday that rapid developments in artificial intelligence could improve protection against cybercrime, but may also introduce new threats capable of destabilizing the financial system on a broader scale.

The IMF warned that a major cyberattack causing significant financial losses could create liquidity pressures, intensify solvency risks and spread disruption throughout global markets.

The organization’s comments reinforce concerns already raised by regulators in the United States, the European Union and other jurisdictions regarding AI technologies that could be used to conduct increasingly advanced cyberattacks.

The world economy has remained more stable than many analysts anticipated after the closure of the Strait of Hormuz, though BCA Research cautioned that recession risks could rise sharply if the disruption continues.

Chief Strategist Peter Berezin highlighted seven major factors that have helped support global growth so far, while warning that “the risk of a recession will increase meaningfully if the Strait of Hormuz remains closed into June.”

The first factor is the delayed nature of oil shocks. BCA Research explained that the full economic impact from spikes in oil prices generally takes time to emerge, with GDP growth usually suffering the most roughly a year after the initial shock.

Second, economies today are less dependent on oil consumption relative to output than they were decades ago, although BCA noted that modern supply chains are now far more interconnected.

Third, inflation expectations over the long term have stayed relatively contained, easing pressure on policymakers to aggressively tighten monetary policy.

Fourth, fiscal measures are helping offset some of the damage, including stimulus tied to the One Big Beautiful Bill Act and tariff-related rebates issued by the U.S. Treasury.

Fifth, businesses have increased precautionary inventory purchases, similar to the buying behavior seen during the COVID-19 pandemic.

Sixth, continued expansion in artificial intelligence investment has provided a major boost to economic activity, with spending on technology equipment and software climbing to a record 4.9% of GDP in the first quarter of 2026.

Seventh, oil markets remain heavily backwardated, reflecting investor expectations that the disruption to supply routes will not be permanent.

BCA Research said it remains neutral on global stocks for now, but warned it “will adopt a more defensive posture” should the energy shock continue for an extended period.

JPMorgan strategist Mislav Matejka is encouraging investors to stay constructive on equities, arguing that recent volatility should be viewed as an opportunity rather than a warning sign of a deeper downturn. He contends that concerns around a sustained stagflationary shock are likely overstated.

In a recent note, Matejka pointed out that the MSCI World index has already delivered what the bank called a “V-shaped rebound,” but cautioned that the strength may not be as broad as it appears.

“Current market breadth is very narrow and nearly all consumer plays are lingering at lows,” the note said, adding that “equities complacency is not all that clear cut.”

On the geopolitical front, JPMorgan suggested that escalating tensions in the Middle East may not necessarily prolong market weakness and could even accelerate a resolution.

“An oil spike and resultant market weakness might not sustain, as an escalation might in fact make an off-ramp more likely,” the bank said.

For investors with a medium-term horizon, JPMorgan continues to recommend using dips to build positions over the next three, six, and 12 months.

The bank highlighted several supportive factors for equities, including solid corporate earnings, a still-accommodative growth policy backdrop, and the possibility that bond yields may struggle to extend their recent rise.

However, U.S. equity valuations remain elevated at roughly 21 times forward earnings. As a result, JPMorgan maintains a preference for international and emerging markets over developed markets.

Among those, the U.K. stands out, according to the bank, offering both relative value and income appeal. It described the market as “a large valuation discount vs other regions, as well as the highest dividend yield globally,” adding that it could serve as “one of the very good places to hide during the risk-off episodes.”

A de-escalation in tensions between the United States and Iran could lead to lower Treasury yields, but Wolfe Research believes rates are unlikely to fall back to the levels seen before the conflict erupted.

In a note released this week, Wolfe Research analyst Stephanie Roth estimated that around half of the nearly 40-basis-point increase in 10-year Treasury yields since the start of the war was driven by the Iran-related shock. The rest of the move, she said, stemmed from stronger economic growth data and the unwinding of a February rally tied to AI-related concerns.

“If/when there is an agreement with Iran, we would not expect yields to return to pre-war levels,” Roth wrote.

According to Wolfe Research, only part of the conflict-related rise in yields is likely to reverse. The firm estimates that “roughly 10–15bp of the war-related move would reverse, with the balance remaining due to firmer growth and a residual risk premium.”

That outlook would keep 10-year Treasury yields trading above pre-conflict levels, in an estimated range of 4.15% to 4.40%.

To assess the increase in yields, Wolfe Research used a sign-restriction model based on daily rate movements. The analysis attributed approximately 19 basis points of the rise to the Iran shock, about 15 basis points to growth repricing, and the remainder to an “other” category.

Roth added that energy prices are expected to remain elevated even if a diplomatic agreement is reached, while lingering geopolitical uncertainty could preserve part of the market’s risk premium. Those conditions, she noted, may prevent a complete reversal in war-related yield gains.

Regarding Federal Reserve expectations, Wolfe Research said the market-implied probability of a rate hike has climbed to roughly 44%. The firm believes that level appears somewhat high relative to its base-case scenario, suggesting there may be room for those expectations to ease, especially if a peace agreement is reached.

Global stock markets climbed to new highs this week after reports of a possible peace agreement between the United States and Iran helped break what Barclays described as “market paralysis.”

However, the bank warned that broader equity gains remain vulnerable while the Strait of Hormuz remains closed.

Semiconductor stocks continue to dominate market gains

According to Barclays, semiconductor shares have significantly outperformed the broader market since January, rallying strongly against the MSCI World Index while the benchmark excluding semiconductor stocks has shown little overall progress.

The brokerage warned that the semiconductor rally is “starting to look extended,” although it added that the move remains “backed by strong earnings,” following first-quarter results that comfortably exceeded expectations, largely driven by artificial intelligence and technology companies.

“Wider market breadth and a continued melt-up in equities are contingent on tangible progress regarding the reopening of the Strait of Hormuz,” Barclays said.

Barclays warns energy buffers are shrinking

Barclays said the impact of the energy shock has so far been managed through the use of existing inventories, but cautioned that “these buffers are eroding fast, with the risk of demand destruction rising incrementally.”

The bank noted that European markets have been among the hardest hit by the current environment.

Since the conflict began, consumer-facing and interest-rate-sensitive sectors within the MSCI Europe Index have posted the steepest declines, while only the Technology and Energy sectors have generated positive returns, according to Barclays Research.

The brokerage also cited EPFR data showing that Europe ex-UK equity funds have experienced outflows in seven of the last eight weeks.

U.S., Japan and emerging markets remain preferred regions

Barclays said it continues to favour U.S., Japanese and emerging market equities over European stocks.

The bank said it prefers sectors connected to long-term investment and technology trends, as well as banking stocks, over consumer-focused sectors.

If the Strait of Hormuz reopens, Barclays believes European equities could outperform on a relative basis because of their “sharp underperformance since the war started.”

The bank added that consumer and rate-sensitive sectors would likely benefit the most from any resulting short-covering rally.

Equity inflows remain subdued

EPFR data referenced by Barclays showed that weekly equity inflows totalled $2.6 billion, well below the year-to-date weekly average of roughly $20 billion.

U.S. equity funds attracted $9.3 billion during the week, while emerging market funds recorded $11.6 billion in outflows, marking a fourth consecutive week of withdrawals.

Money market funds posted their second weekly inflow above $100 billion this year following three weeks of substantial outflows.

So far this year, equity funds have attracted $338.2 billion, compared with $272.7 billion for fixed income and $238.8 billion for money market funds.

UK markets pressured by higher gilt yields

In the United Kingdom, Barclays noted that 30-year gilt yields climbed earlier this week to their highest level since 1998 before partially easing.

The bank added that homebuilder shares have fallen more than 20% since the conflict began as tighter financial conditions weighed on the sector.

Barclays also noted expectations that Labour could lose a substantial number of local election seats.

However, the bank’s economists said any change in party leadership would likely not result in major policy changes before autumn, with potential alternatives expected to remain “sensitive to market concerns around maintaining the fiscal rules.”

Markets await key economic data and U.S.-China summit

Looking ahead, investors are preparing for several major economic releases next week.

The U.S. consumer price index report for April is due on May 12, with Bloomberg consensus forecasts pointing to monthly inflation of 0.7% compared with 0.9% previously.

U.S. retail sales figures are scheduled for May 14 and are expected to show growth of 0.4%, down from the prior reading of 1.7%.

The United Kingdom will also release first-quarter GDP figures on May 14.

Meanwhile, a summit between the United States and China is scheduled to take place in Beijing on May 14.