Iamgold shares rise as Côté mine reaches nameplate
Iamgold’s (TSX: IMG; NYSE: IAG) Côté mine has officially achieved its nameplate capacity nearly 15 months after pouring its first gold, the company said Monday. Shares rose to a near…
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Trafigura backs Euro Sun’s Rovina Valley with $200M financing deal
Euro Sun Mining (TSXV: ESM; US-OTC: ESMNF) has lined up a $200-million loan package, with backing from global commodities trader Trafigura, to help finance its Rovina Valley gold-copper project in…
Greenland grants 30-year permit to moly mine
Greenland Resources (Cboe CA: MOLY; FSE: M0LY) has secured a 30-year permit for its Malmbjerg molybdenum project, a major development backed by the European Union. The open-pit mine is expected…
Maritime expands Hammerdown gold as output nears
Canadian explorer Maritime Resources (TSX-V: MAE) said drilling at its Hammerdown project in Newfoundland and Labrador identified a new near-surface gold zone with “substantial” grades. The stock jumped. Hole HDGC-25-272…
Video: First Cariboo gold ‘between third base and home plate’, Osisko’s Roosen says
Osisko Development’s (TSXV, NYSE: ODV) $650 million (C$893 million) Cariboo gold project in British Columbia will soon begin pre-construction activities, co-founder and CEO Sean Roosen says. A May update on…
Rio Tinto settles hedge fund claims on Oyu Tolgoi
Rio Tinto (ASX, LSE: RIO) has agreed to pay nearly $139 million to settle a long-running class action lawsuit accusing the company of concealing development delays at its $7-billion giant…
Delays hit Gemfields ruby plant in Mozambique
Gemfields (LSE: GEM; JSE: GML) said on Friday that the commissioning of a second processing plant at its Montepuez ruby mine in Mozambique has been postponed to September due to…
Korite acquisition in Alberta creates largest mine-to-market ammolite producer
When Buffalo Rock Mining acquired Calgary-headquartered Korite, North America’s largest producer of ammolite, it flew right under the mining industry’s radar, even as the company’s creations were featured in the…
Lundin targets top-10 copper miner status
Canada’s Lundin Mining (TSX: LUN) has unveiled a strategic growth plan designed to catapult the company into the world’s top 10 copper producers. The Vancouver-based miner aims to reach annual…
NexGold assays revive historic Nova Scotia region
Explorer NexGold Mining (TSXV: NEXG; OTCQ-X: NXGCF) says new drill results are likely to boost a resource update this year for a project in a Nova Scotia gold region dating…
Video: AtkinsRéalis taps AI to accelerate mining capital project cycles
AtkinsRéalis plans to layer AI tools into its engineering platforms that help detect schedule slips and cost overruns as they happen, executive Ed Humphries says in a new video interview….
Karelian spots Victorian-era copper target in N. Ireland
Karelian Diamond Resources (LSE-A: KDR) says it has identified a “significant new copper target” within the recently awarded KDR4 licence area in Northern Ireland. The company found the copper target…