Mining & Metals · Week of Nov 2, 2026
Q3 results and raised outlooks dominate: the week in mining & metals
Third-quarter results led the week, with several companies raising or setting guidance, while two explorers reported drilling at Idaho and Nevada projects.
Third-quarter reporting dominated the week's releases. Albemarle, Gold Royalty and Peabody each reported results that improved on a year earlier. Albemarle and Gold Royalty swung from losses to net income, and Peabody narrowed its net loss. Several issuers also adjusted their outlooks. Albemarle raised its full-year Specialties adjusted EBITDA outlook and cut its capital expenditure forecast. W.W. Grainger raised its full-year 2026 guidance. Emerson and Hornbeck Offshore issued guidance reaching into 2027. Gold Royalty kept its 2026 GEO guidance and based it on an assumed gold price of $5,150 per ounce.
Balance sheets and shareholder returns also featured. Peabody is redeeming its remaining 2028 convertible notes in cash, Emerson raised its quarterly dividend 7%, and Grainger returned $396 million to shareholders in the quarter. On the exploration side, Sunshine Silver Mining & Refining completed a 50,000-meter infill program at the Sunshine Mine in Idaho, with intercepts above 1,000 grams per tonne silver. A2Gold finished a shortened five-hole program at its Eastside project in Nevada and is waiting on assays, which it says are delayed by laboratory backlogs.
Albemarle Corporation
Albemarle Reports Third Quarter 2026 Results
Albemarle Corporation says third-quarter 2026 net sales rose 19% to $1.6 billion and net income was $297 million, or $2.15 per diluted share, against a net loss of $160.7 million a year earlier. The company says Energy Storage net sales rose 58% on an average realized price of $20.02/kg LCE even as volume fell 18.8%, and it raised its Specialties adjusted EBITDA outlook to $350-$375 million while cutting its capex forecast to $300-$350 million.
Hornbeck Offshore Services, Inc.
Hornbeck Offshore Announces Third Quarter 2026 Results
Hornbeck Offshore Services reported third-quarter 2026 revenue of $293.3 million and a net loss of $(85.7) million, including $119.8 million of merger and integration costs and other items, in results that include one month of legacy Helix operations after the merger closed on September 1, 2026. The company says contracted revenue backlog was approximately $1.9 billion, and it guided Adjusted EBITDA of $90 million to $100 million for the fourth quarter and $500 million to $550 million for full-year 2027.
Gold Royalty Corp.
GOLD ROYALTY REPORTS RECORD THREE AND NINE-MONTH RESULTS WITH CONTINUED STRONG CASH FLOW AND EARNINGS GROWTH
Gold Royalty Corp. says third-quarter revenue rose approximately 147% to $10.2 million and GEOs rose approximately 103% to 2,689, with net income of $3.8 million compared with a net loss of $1.1 million a year earlier. The company maintained its 2026 guidance of 7,500 to 9,300 GEOs and reported no debt and an undrawn $125 million revolving credit facility.
W.W. Grainger, Inc.
GRAINGER REPORTS RESULTS FOR THE THIRD QUARTER 2026
W.W. Grainger reported third-quarter 2026 sales of $5,181 million, up 11.3%, and adjusted diluted EPS of $12.54, up 22.8%. The company raised its full-year 2026 guidance to diluted adjusted EPS of $47.00 - $48.00 and net sales of $19.8 - $20.0 billion.
Peabody
Peabody Reports Results for the Quarter Ended September 30, 2026
Peabody reported a third-quarter 2026 net loss attributable to common stockholders of $(32.8) million, or $(0.27) per diluted share, narrower than $(70.1) million a year earlier. Seaborne Thermal Adjusted EBITDA rose 26 percent quarter over quarter to $65.5 million. The company says faulting cut Centurion's October production to approximately 45,000 tons, and it will redeem its remaining $39.9 million of 2028 convertible notes in November 2026 with cash.
Emerson
Emerson Reports Fourth Quarter and Full Year 2026 Results; Provides Initial 2027 Outlook
Emerson reported fiscal 2026 net sales of $18,982 million, up 5%, with fourth-quarter net sales of $5,201 million and underlying orders up 14%. The company raised its quarterly dividend 7% to $0.595 per share. Its fiscal 2027 guidance calls for about 5% sales growth and adjusted EPS of about $7.25.
Sunshine Silver Mining & Refining
Sunshine Silver Mining & Refining Completes 50,000-Meter Infill Drill Program with High-Grade Results Exceeding 1,000 Grams per Tonne Silver Across Multiple Veins
Sunshine Silver Mining & Refining says it completed approximately 51,250 meters in 218 holes at the Sunshine Mine in Idaho's Silver Valley. Highlighted results include 7,069 gpt silver over 1.00 meters in the NY Boy Vein. The company says the results will feed an updated Mineral Resource Estimate expected in the first quarter of 2027 and a Feasibility Study targeted for the second quarter of 2027.
A2 Gold Corp
A2GOLD COMPLETES INITIAL TARGET PENTE RC DRILLING AT EASTSIDE GOLD-SILVER PROJECT
A2Gold Corp. says it completed five reverse circulation holes totaling approximately 1,936 metres at Target Pente on its Eastside Gold-Silver Project near Tonopah, Nevada, and that all five intersected strong zones of alteration. The company says it ended the program early because of difficult ground conditions and costs, and that assays may take several months due to laboratory backlogs.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not MediaGabon reporting.