CMOC to acquire Lumina Gold in $580M deal
CMOC Singapore, a subsidiary of China’s CMOC Group, has signed a definitive agreement to acquire Lumina Gold (TSXV: LUM) in an all-cash deal valued at $581 million (US$421 million), marking…
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Allied Gold picks $80M raising after nixing UAE funds
Allied Gold (TSX: AAUC; US-OTC: AAUCF) is raising $80 million through a public offering to fund further engineering and growth initiatives at the Sadiola mine in Mali and its Côte…
Gold stock analyst hails ‘once-in-a-lifetime’ trade opportunity in miners
Gold equities are being “mispriced unbelievably” in today’s market given the prospective rise in the metal’s price, says stocks expert and author Don Durrett, who is projecting gold at $4,000…
Northern Star nears final hurdle in De Grey takeover
Shareholders of De Grey Mining voted overwhelmingly in favour of a buy-out by Australia’s largest gold producer Northern Star Resources.
BHP OK’d to run Mt Arthur to 2030, eyes hydro future
BHP will run the mine for four additional years and may convert it into a pumped hydro facility to support a post-coal future.
Soaring gold price sees Newmont vye for No. 4 ranking
Soaring gold prices have helped Newmont (NYSE: NEM, TSX: NGT) vie for fourth place among the world’s most valuable mining companies. Newmont briefly surpassed China’s Zijin Mining (HK: 2899) this…
Ontario to OK mines in half the time: Ford
Ontario Premier Doug Ford is proposing new legislation to cut mining permit times in half, designate geographic areas for speedy treatment like the Ring of Fire by September and limit…
Robex files prospectus for $77M Australia IPO
Canadian miner Robex Resources (TSX: RBX) filed a prospectus with Australian securities regulators for an estimated A$120 million (US$77 million) initial public offering that will help pay for a new…
Energy Fuels mills rare earths in US that China limits
Energy Fuels (TSX: EFR; NYSE-A: UUUU) says it has successfully developed technology capable of producing six of the seven rare earths oxides at scale, that are now subject to the…
Citi softens short-term bearish outlook on copper
Citigroup has softened its short-term bearish outlook on copper by lifting its three-month price target to $8,800 a tonne, citing United States President Donald Trump’s recent decision to suspend many…
Alphamin cuts tin forecast 12% amid DRC unrest
Alphamin Resources (TSXV: AFM) has lowered its full-year tin production forecast by 12% to 17,500 tonnes due to recent conflict-related disruptions at its Bisie mine in eastern Democratic Republic of Congo….
Awalé logs strong results at Newmont-backed project
Drilling at Awalé Resources’ (TSXV: ARIC) Odienné copper-gold project in Côte d’Ivoire has returned results as high as 26 metres grading 12 grams gold per tonne, the company reported Thursday….