LONDON, Feb 16, 2026, 09:37 GMT — Regular session
- Weir Group is trading around recent highs, up roughly 0.8% in the early going.
- A trade publication has pointed to increased Enduron Elite screen output linked to Barrick’s Reko Diq project.
- With no new RNS statement out, attention shifts to miners’ earnings and Weir’s results due March 4.
Shares in Weir Group PLC (WEIR.L) edged up 0.8% to 3,496 pence as of 09:37 GMT, after moving between 3,458p and 3,504p earlier in the session, delayed pricing data showed. The previous close sat at 3,468p. (Shareprices)
This shift is significant—Weir’s fortunes rise and fall with mining investment cycles. Any signal that major projects are rolling ahead, or that service contracts aren’t drying up when things get volatile, traders are on it fast, pricing that in almost instantly.
Weir is set to report its final results on March 4. (Lse)
By mid-morning in London, the company hadn’t put out any fresh regulatory news service (RNS) statement. (Lse)
Engineering News reports that Weir’s Alrode plant in Gauteng is now the company’s first site focused entirely on making Enduron Elite banana screens, thanks to a 1,600-square-metre production boost. According to Alandré van Vuuren, Weir’s integrated supply chain director, all output through the first half of 2026 will supply Barrick’s Reko Diq copper-gold project under a £53 million contract. He also pointed out that “market interest” in these larger screens is already “strong”. (Co)
European stocks nudged up, with the FTSE 100 gaining roughly 0.2% in the early session. Trading volumes looked thinner, as holidays kept some Asian markets and the U.S. closed—moves tend to stretch further when fewer participants are around. (Investing)
Commodities painted a mixed picture. Gold dipped under $5,000 an ounce, with Swissquote’s Ipek Ozkardeskaya attributing some of the slide to a slightly firmer US dollar. She also flagged that the drop could signal shaky risk appetite heading into the week. (Sharecast)
Weir runs its Minerals and ESCO segments, offering processing gear, wear parts, and attachments to mining and infrastructure customers worldwide. The company’s fortunes track the spending habits and project flows of miners, rather than just reacting to moves in metal prices from one day to the next. (Reuters)
The risk swings both directions. Should miners this week point to project delays or scale back on capex, suppliers could feel the pinch almost immediately—softer demand for original equipment, lighter aftermarket volumes.
Eyes now turn to miners’ earnings and a packed UK data slate as investors hunt for guidance on growth and risk appetite. For Weir, the big date is March 4: that’s when the company delivers results and lays out its 2026 outlook.
