Investor Guide: Gold and Copper FY2026 featuring Barry FitzGerald
Legendary resources journalist Barry FitzGerald reveals 20 gold and copper juniors targeting a re-rate, and mining scribe Kristie Batten plus Stockhead’s experts give you the state of play.
It was the best of times, it was the worst of times. This investor guide is a tale of two commodities, markets torn asunder in an age of wisdom and foolishness.
Donald Trump’s return to the White House, his administration’s inconsistencies, war, trade standoffs and economic stagnation have all coalesced to send gold to record levels.
Those factors have also kept a lid on copper prices, bubbling under the surface with a surge in demand on the horizon.
Easy gains in gold may have been made.
As of August 12, bullion was trading 29% higher in 2025 at US$3400/oz, hitting multiple records including the unthinkable US$3500/oz level in April after more than 40 record highs in 2024.
With Aussie dollar prices well over $5000/oz, the ASX All Ords gold sub-index – the key index tracking the performance of Australia’s top gold producers – is up ~50% YTD.
As the large cap names present as fuller – if not fully – valued, the time could be right to head down the food chain to the growing class of explorers and developers seeking to make new discoveries and open new mines.
Over in the world of copper, prices have been volatile, largely due to the threat of tariffs on the industrial metal in the US.
Donald Trump wants more of the red metal mined and refined in the States, putting a premium on projects in the ‘Land of the Free’.
Nothing ever is though, as traders found out when assumed 50% import duties on copper metal were side-stepped for a levy instead on semi-finished products, leaving them out of pocket.
Prices are still high by historical standards, inflation notwithstanding. But it’s the long-term future for the metal that really has strategic thinkers loading up.
Electrification is still progressing – copper demand could spike 70% by 2050. New mine builds won’t keep up.
In this special edition, legendary resources journalist Barry FitzGerald introduces you to more than 20 gold and copper juniors targeting a re-rate, along with insights from Barry, mining scribe Kristie Batten, and Stockhead’s Phoebe Shields and Josh Chiat, on the state of play.
And it’s free. What are you waiting for? Check it out now.
