Barrick’s $3B buyback sets stage for spinoff
Barrick Mining (TSX: ABX; NYSE: B) launched a $3-billion share buyback on Monday as the world’s third-largest gold producer seeks to attract investors ahead of a planned spinout of its…
Financial Matters, M&A
Freeport delays Grasberg full restart to early 2028
Freeport-McMoRan’s (NYSE: FCX) Indonesia unit has confirmed the delayed restart of full production at the Grasberg mine, as it continues to recover from a deadly accident last year that dented…
Buenaventura eyes 16-year boost for new Peru mine
Buenaventura (NYSE: BVN), one of Peru’s largest mining firms, is considering extending the life of its San Gabriel gold project in southern Peru by as much as 16 years. The…
Gold M&A: Denarius scraps Emerita takeover in Spain
Denarius Metals (CBOE: DMET; US-OTC: DNRSF) dropped efforts to acquire Emerita Resources (TSX-V: EMO; US-OTC: EMOTF), ending a three-week takeover campaign after the Spain-focused explorer refused to hold talks over…
B2Gold beats output, cost expectations
B2Gold (TSX: BTO, NYSE-A: BTG) says it surpassed expectations in key operating and financial metrics during this year’s first quarter, driven by improved performance across its four producing gold mines….
Rio Tinto boss pushes cost cuts with jobs in focus
Rio Tinto (ASX, NYSE, LSE: RIO) CEO Simon Trott said on Wednesday he will continue to streamline the company’s global operations with the goal of reaching billions of dollars in…
Ekati mine owner seeks creditor protection amid diamond decline in Canada’s Far North
Rising costs, depressed prices and heightened competition from synthetic stones have forced the owner of the Ekati diamond mine in Canada’s Far North to file for insolvency protection. Arctic Canadian…
Forrest said to sell Wyloo’s Yangibana rare earths stake in pivot to nickel
Australian tycoon Andrew Forrest is reportedly seeking buyers for a majority stake in the Yangibana rare earths project in Western Australia its holds through its private investment vehicle Wyloo Metals,…
Lion One Metals sinks on cancelled $15M financing
Lion One Metals (TSXV: LIO) plunged more than 30% after a proposed financing from Australian investment firm Arete Capital Advisors collapsed and the company announced yet another CEO change. North…
Kinross Gold generates record cash again
Kinross Gold (TSX: K, NYSE: KGC) has reported its fourth consecutive quarter of record cash flows, generating nearly $850 million (C$1.43 billion) for the January-March period, a large part of…
South32 shocks market with Arizona cost blowout
South32 (ASX: S32) stunned investors on Thursday after raising costs and delaying development of the Taylor deposit at its Hermosa zinc-silver project in southern Arizona, casting doubt on the standout…
First Quantum loss widens on costs, copper output
First Quantum Minerals (TSX: FM) reported a wider first-quarter loss as higher operating costs and weaker copper production weighed on results, despite raising its full-year output guidance. The company posted…