$FNV

An earnings week preview highlights major upcoming reports and macro data. Berkshire Hathaway, Barrick Gold, Supermicro, CoreWeave, On Holding, Sea Limited, Venture Global, CPI, Nebius, Cisco, JD.com, Applied Materials, and nuclear power firms Fermi America and X-Energy are cited. Key investor focus includes AI capex-to-revenue signals, CPI core inflation for rate expectations, and gold and LNG supply themes.

UBS named six gold mining stocks as top picks, citing central bank buying, sovereign debt, and de-dollarization as medium-term supports for gold despite near-term headwinds from higher real yields and a stronger dollar. Stocks highlighted include Newmont, AngloGold, Endeavour, SSR Mining, Franco-Nevada, and Genesis, with recent quarterly results and analyst rating or target changes noted.

Gold rebounded after the Fed held its 3.5% to 3.75% rate range, with the Comex August contract rising from about $3,993.80 to $4,080.80 by 2:15 p.m. Spot gold was $4,081.10. Silver also jumped. The Fed vote was 9-3, with three dissenters favoring a hike. Precious-metals equities moved higher; Allied Gold fell after a failed Zijin takeover.

Gold fell near $4,000 an ounce ahead of a Wednesday Fed decision. Comex August gold traded around $4,021, down 1.4%, and spot gold around $4,015, down 1.5%. Silver also declined. Precious-metals stocks dropped, including Newmont, Barrick and Hecla, while Fresnillo rose after lifting its gold forecast. CME said demand for 24/7 gold futures was strong.

The article says VanEck Gold Miners ETF (GDX) fell 21% in Q2 2026, from about $96 in early April to about $75 by June 30, but is up about 50% over the past year. It compares GDX’s 50% gain with GLD’s 22% over the same period and links miners’ performance to gold price moves. It also cites Genesis Minerals’ $3.9B bid for Vault Minerals.

Investorideas.com reports that Sinda Ltd. (SIND) priced its NYSE IPO at $12.00/share (below its $11.25–$13.25 range), raising about $213M, with Fresnillo adding a concurrent private placement of about $110M. The article says Sinda targets first production around 2031 and that silver supply remains structurally scarce, with a 2026 projected deficit of 46.3M ounces.

MarketWatch columnist Michael Brush says NOAA assigns more than a 90% chance of El Niño this year, with a 1-in-4 chance of an extremely powerful event. Analysts at Marex warn a severe El Niño could lift global food commodity prices by up to 9%, disrupting wheat, rice, cotton, sugar, cocoa and palm-oil. Jefferies expects oil futures to stay $10–$15 above pre-Iran-war levels, keeping inflation elevated.

Canadian stocks rebounded Thursday as investors priced higher chances of de-escalation in the Middle East. The S&P/TSX Composite rose 1.19% to close at 35,217.06 after hitting an intraday record 35,291.13. Healthcare led gains. The article cites Israel-Lebanon ceasefire renewal and continued U.S.-Iran peace talks, while noting Hezbollah rejected the truce.

Tintina Mines Limited (TSXV:TTS) announced a proposed C$91 million private placement of subscription receipts at C$0.68 each, with a pre-money valuation of about C$138 million, anchored by Sumitomo and the Gignac family. Net proceeds will advance the Domeyko Sulfuros copper-gold project to final investment decision and fund a C$36 million purchase to consolidate 100% ownership. Closing is targeted for mid-July 2026.

Franco-Nevada Corporation (FNV) is highlighted for delivering industry-leading returns and growth through its diversified, gold-focused royalty and streaming model. The company maintains strong financial flexibility, progressive dividends, and a robust pipeline of projects, alongside top ESG ratings and a debt-free balance sheet. This strategy positions FNV for long-term value creation.