Newmont to sell mines in Canada, Australia after Newcrest buy
Newmont (TSX: NGT; NYSE: NEM) says it plans to sell six inessential assets including mines in Quebec, Ontario, the Yukon and Western Australia to cut debt. The list contains the…
Articles by Cecilia Jamasmie
Teck hits record copper production on Quebrada Blanca ramp-up
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) beat profit estimates for the fourth quarter of 2023 on the back of higher steelmaking coal sales, record copper production and strong prices…
First Quantum inks US$500M offtake amid Panama turmoil
First Quantum Minerals (TSX: FM) says it’s landed a US$500-million offtake agreement with its largest shareholder, China’s Jiangxi Copper, to help shore up finances shredded by its Cobre Panama mine…
Zinnwald lithium project in Germany now EU’s 2nd largest
Shares in Germany-focused Zinnwald Lithium (LSE: ZNWD) soared on Wednesday after it posted a 445% increase to resources at its the namesake project in the eastern state of Saxony. The update…
Sibanye-Stillwater posts $3.4B write-down
South Africa’s Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has flagged a 47.5 billion rand ($3.4 billion) impairment on last year’s results due to tumbling platinum, palladium and nickel prices. The company…
KoBold Metals expands Zambia footprint with Midnight Sun deal
KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, is expanding its footprint in Zambia after inking a deal with Midnight Sun Mining (TSXV: MMA) to jointly…
Dundee bid for Osino Resources bested by unnamed third party
Dundee Precious Metals (TSX: DPM) is walking away from its proposed takeover of Osino Resources (TSXV: OSI) after the target company said on Monday it had received a superior offer…
Peru approves US$2B Antamina copper mine expansion
Peru’s environmental watchdog has granted Antamina, the country’s largest copper-zinc mine, a long-awaited permit that allows it to kick off a US$2 billion expansion to extend the operation’s productive life…
First Quantum exercises option over two licences as it looks to expand in Zambia
First Quantum Minerals (TSX: FM), which is reeling from the forced closure of its flagship copper mine in Panama, has exercised its option over two licences in the Central Africa Copperbelt,…
Sibanye-Stillwater, Heraeus team up to save palladium in an EV-dominated world
Precious metals producer Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has teamed up with metals trader and recycling company Heraeus Precious Metals to explore new uses for platinum group metals (PGM), particularly…
Nouveau Monde Graphite scores deals with GM, Panasonic
Nouveau Monde Graphite (TSXV: NOU; NYSE: NMG) has signed multi-year offtake agreements with General Motors (NYSE: GM) and Panasonic Holdings, with both companies also vowing to invest in the Quebec-based…
Four in custody over SSR gold mine landslide in Turkey as search for workers continues
A search for nine workers buried after a landslide hit SSR Mining’s (TSX: SSRM; ASX: SSR) gold mine in eastern Turkey continued on Wednesday, the interior minister said, while local…