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  • Bitcoin tipped to surge past key psychological level

    Gold Bitcoins lying on a global finance currency chart with arrows shooting higher.

    The price of Bitcoin (CRYPTO: BTC) has been tipped to move back above US$100,000, with one of Wall Street’s major holders of the cryptocurrency making the call.

    The Bitcoin price has spent most of this calendar year below the US$80,000 level, before making a recovery in recent weeks.

    It is now changing hands for US$83,415.

    Cryptocurrency price forecast to head north

    But Strategy Inc Executive Chair Michael Saylor, in a new interview with Bloomberg Television, said the bear market in Bitcoin was over.

    He said:

    It should definitely move back into the six figures beyond US$100,000. We hit the bottom around slightly below US$60,000, I think we bounced off it. Now, we are moving up into the 80s.

    According to financial publication The Street, Mr Saylor’s prediction mirrors forecasts by Citi, which has a 12-month Bitcoin price target of about US$113,000, and TD Cowen, which is forecasting US$109,000 by the end of the year.

    The Street was reporting that Strategy itself holds 848,250 Bitcoin.

    Big investor very bullish on the outlook

    Major technology fund manager ARK Invest also recently published a review of the cryptocurrency market, which reiterated its view that Bitcoin would hit around US$1 million by 2030.

    They said:

    The market for smart contract networks and pure-play digital currencies—the latter which serve as stores of value, mediums of exchange, and units of account on public blockchains—could grow at an annual rate of ~61% to $28 trillion in 2030. We believe bitcoin could account for 70% of the market, the balance dominated by smart contract networks like Ethereum and Solana. Based on ARK’s forecast, bitcoin is likely to dominate the market cap for cryptocurrencies, increasing at a compound annual growth rate (CAGR) of ~63% during the next five years, from nearly ~$2 trillion to ~$16 trillion by 2030.

    ARK’s forecasts are based on their thesis that Bitcoin will be used as “digital gold” representing a safe haven investment.  

    ARK said that in 2025, Bitcoin ETF balances grew by 19.7%, while public company holdings grew by 73%.

    They added:

    As a result, the percent of bitcoin outstanding held by ETFs and public companies increased from 8.7% to 12%.

    Market watchers are waiting for the release of US inflation figures early Friday morning Australian time, with higher numbers expected to be a drag on the Bitcoin price.

    Over the past year, Bitcoin has returned negative 26.3%.

    The cryptocurrency was trading for US$115,278 a year ago, and hit lows of about US$58,000 in early July.

    The post Bitcoin tipped to surge past key psychological level appeared first on The Motley Fool Australia.

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    Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin, Ethereum, and Solana. The Motley Fool Australia has positions in and has recommended Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Evolution Mining lifts cash flow and holds full year guidance in September quarter

    Cheerful businessman with a mining hat on the table sitting back with his arms behind his head while looking at his laptop's screen.

    The Evolution Mining Ltd (ASX: EVN) share price is in focus after the company reported quarterly group operating cash flow of $775 million and maintained its FY27 production and cost guidance.

    What did Evolution Mining report?

    • Gold production of 154,000 ounces and copper production of 18,000 tonnes for the September quarter
    • Group all-in sustaining cost (AISC) of $1,653 per gold ounce, among the lowest in the sector
    • Operating mine cash flow of $775 million; net mine cash flow of $466 million, with all operations positive
    • Group cash flow of $185 million, boosting net cash to $141 million
    • FY27 Group guidance maintained across all key measures

    What else do investors need to know?

    Evolution’s safety performance improved, with a total recordable injury frequency (TRIF) of 5.8, down from the previous quarter. All growth projects at Cowal, Northparkes and Ernest Henry remain on schedule and budget.

    During the quarter, the Board approved $72 million (Evolution share) for the Northparkes Concentrate Regrind and Filtration Project, aiming to boost mineral recoveries and concentrate grade. Exploration spending was $24 million, with key drilling results at Ernest Henry and Cowal indicating further organic growth potential.

    On the corporate front, Evolution advanced its proposed acquisition of Carnaby Resources, expected to complete in November subject to shareholder approval. There were also Board changes, including the retirement of Tommy McKeith and the appointment of John Vann as a Non-Executive Director.

    What did Evolution Mining management say?

    Managing Director and Chief Executive Officer Lawrie Conway said:

    After the first quarter we remain on track to deliver to all key FY27 Group guidance measures, albeit after a slower start than expected for the September quarter. Our focus on preserving our margin, complemented by the upside from our copper exposure, resulted in an All-in Sustaining Cost of A$1,653 per ounce, below the low end of Group guidance at a margin of 73%. Mine operating and net mine cash flow of $775 million and $466 million were also at a high margin of $4,973/oz and $2,990/oz respectively. With a production profile that is set to grow in the quarters ahead, significant cash flows are expected in FY27.

    What’s next for Evolution Mining?

    Evolution is sticking with its FY27 group guidance, with production expected to be weighted toward the second half of the year as new mining areas come online. Key growth projects—like the E22 block cave at Northparkes, Bert development at Ernest Henry, and underground expansion at Cowal—are all progressing to plan.

    The company will also focus on organic growth through ongoing exploration, while integrating any new assets added from acquisitions. Capital management remains a priority, with 27 consecutive dividends paid and a strong liquidity position.

    Evolution Mining share price snapshot

    Over the past 12 months, Evolution Mining shares have risen 13%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

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    The post Evolution Mining lifts cash flow and holds full year guidance in September quarter appeared first on The Motley Fool Australia.

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    Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

  • Rio Tinto provides Q3 2026 production update

    Two miners laughing and having fun while using smart phone during their coffee break.

    The Rio Tinto Ltd (ASX: RIO) share price is in focus today after the miner delivered strong third-quarter 2026 production results, highlighted by a 29% year-to-date lift in Oyu Tolgoi copper output and a 3% rise in global iron ore sales.

    What did Rio Tinto report?

    • Oyu Tolgoi copper production up 29% year-to-date; Q3 output reached 114,000 tonnes (+27% YoY).
    • Global iron ore sales of 90.8 million tonnes for the quarter, up 3% from Q3 2025.
    • Pilbara iron ore sales increased 2% YoY to 85.7 million tonnes in Q3.
    • Lithium carbonate equivalent production rose 33% year-to-date to 40,300 tonnes.
    • Alumina production grew 10% YoY, with stable aluminium output and progress on Pacific smelter repowering.
    • Year-to-date capital release exceeded US$2 billion under its US$5–10 billion program.

    What else do investors need to know?

    Rio Tinto maintained its full-year production and unit cost guidance across key commodities. While the company faced higher diesel costs and foreign exchange impacts, these were managed within existing forecasts. Major projects like the Simandou iron ore ramp-up and aluminium repowering initiatives remain on track.

    The group highlighted robust operational momentum heading into year-end, supported by ongoing initiatives to boost safety, productivity, and reliability. In the third quarter, it signed further power agreements and progressed capital release efforts, including divestments in desalination and surplus land.

    Geopolitical tensions in the Middle East drove volatility in energy and freight markets, but Rio Tinto’s operations continued with minimal disruption. The company continues to monitor supply chain risks and maintain contingencies.

    What did Rio Tinto management say?

    Rio Tinto Chief Executive Simon Trott said:

    We delivered strong operational performance in the third quarter. Oyu Tolgoi copper production increased 29% year-to-date, with the operation running at a ~450 kt annualised rate in the quarter, and global iron ore sales are up 3% year-to-date. The Simandou iron ore mine hit an annualised production run-rate of ~10 Mtpa (100% basis) in the quarter as the project continues to ramp up.

    We are finishing the year with momentum, with significant opportunities to accelerate improvements in safety, productivity and reliability through implementation of our operating system. We remain on track for a $1.8 billion annualised productivity benefit run-rate by the end of 2026. Our major projects remain on schedule and budget, underwriting our growth profile to 2030.

    We made further significant steps in decarbonising our business in the third quarter, with our Pacific Aluminium smelter repowering arrangements now well progressed.

    Today, we announce that we have achieved more than $2 billion of capital release year-to-date, as we actively manage our portfolio with discipline to maximise long-term value, as part of the $5 to 10 billion capital release program.

    What’s next for Rio Tinto?

    Looking ahead, Rio Tinto expects to maintain its operational momentum with major projects such as Simandou iron ore, Brockman Syncline 1, and new lithium developments progressing on schedule. The business remains focused on capturing a US$1.8 billion productivity benefit by the end of 2026 and advancing its decarbonisation goals, including further aluminium smelter repowering.

    Exploration and evaluation spending has risen, especially in copper. The company will continue its disciplined approach to capital allocation, with further asset sales expected to deliver on capital release targets.

    Rio Tinto share price snapshot

    Over the past 12 months, Rio Tinto shares have risen 26%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has fallen 2% over the same period.

    View Original Announcement

    The post Rio Tinto provides Q3 2026 production update appeared first on The Motley Fool Australia.

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    Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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