Ranked: September capital raisings tumble 90%
Mining financings fell nearly 90% year over year to $765 million (C$1 billion) in September, down 78% from August. Over the 12 months ended Sept. 30, tracked financings totalled $23.34…
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Surge Battery boosts returns, cuts costs for Nevada lithium project
A new economic study for Surge Battery Metals’ (TSXV: NILI; US-OTC: NILIF) Nevada North lithium project has lifted forecast returns and reduced expenses. Using an 8% discount rate and a…
Greenland advances Tanbreez rare earths project
Critical Metals (Nasdaq: CRML) has won Greenland government approval for the mining and closure plans at its Tanbreez rare earths project, clearing a major hurdle towards construction. Tanbreez, in southern…
Silver shortage could flip to surplus in 2027: Deutsche
Rising silver inventories and declining industrial demand could trigger a supply glut as soon as next year, Deutsche Bank says in a new report. Spot prices for silver could average…
Barrick secures 15-year North Mara licences in Tanzania
Tanzania has renewed Barrick Mining’s (TSX: ABX; NYSE: B) licences for the North Mara gold mine for 15 years, securing its operating tenure as the company weighs an expansion. North…
Cambria targets late 2027 Premier mill restart
Cambria Gold Mines (TSXV: CAMB; US-OTC: CAMVF) is targeting another restart of the Premier gold mill in northern British Columbia for late next year after insufficient underground feed derailed its…
World Bank backs $1.4B for Chile’s copper giant
The World Bank Group is holding up a financing structure used by Chile’s state-owned Codelco as a model for mineral-rich countries seeking to attract long-term private capital while reducing mining’s…
Glencore gets RIGI nod for $4B Argentina copper project
Glencore (LSE: GLEN) has secured Argentine government approval for its $4 billion (C$5.7 billion) Agua Rica copper project under the country’s special investment incentive program, clearing a significant hurdle for…
Freeport’s Grasberg copper mill reaches 67% after last year’s mudslide
Freeport-McMoRan (NYSE: FCX) averaged nearly two-thirds of normal milling rates at its Grasberg copper-gold complex in Indonesia during the third quarter, a year after a mudslide killed seven workers and…
Osisko plots major resource increase for Gaspé
Osisko Metals (TSX: OM; US-OTC: OMZNF) expects its Gaspé copper project in Quebec to get even bigger as new drilling fills gaps in the resource and deeper mineralization is added…
New $850M debt deal moves Troilus copper-gold project closer to full funding
A new debt-financing accord brings Troilus Mining (TSX: TLG; US-OTC: CHXMF) closer to securing the entire capital needed to develop its namesake copper-gold project in Quebec. Germany’s KfW IPEX-Bank and France’s…
Pension funds use gold as bond hedge weakens
Gold is finding a durable place in some pension-fund portfolios as investors look for protection from inflation, market shocks and the weakening diversification benefits of bonds, according to the World…