Fury Gold buys Newmont’s half of Éléonore South project in Quebec
Fury Gold Mines (TSX, NYSE: FURY) is spending $4.3 million to buy Newmont’s (NYSE: NEM, TSE: NGT) half of the Éléonore South project next to the mine of the same…
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Energy Fuels aims to double uranium output
The company is preparing additional mines in Colorado and Wyoming for expected production within one year.
Legacy uses AI to discover platinum in Australia
Legacy Minerals (ASX: LGM) says it’s deployed artificial intelligence software to discover platinum group elements (PGE) and nickel-copper-iron sulphides on the Fontenoy project in New South Wales, Australia. Diamond drillhole…
Patriot Battery Metals aims to fast-track Corvette lithium production
Patriot Battery Metals (TSX: PMET; ASX: PMT) has leveraged its management’s experience in Australia — the world’s largest lithium producer — to make lightning-fast progress at its Corvette project in…
Feds must force pensions to fund Canadian mining, Lassonde, Giustra say
Ottawa has to pressure pension funds to invest billions in Canadian mining, a radical change from their almost non-existent stakes, if the industry is ever going to produce enough metals…
Hudbay Minerals posts record 2023, Q4 revenue
The miner reported record annual revenue of $1.69 billion.
Montage Gold gains on Lundin-backed financing
Montage Gold (TSXV: MAU; US-OTC: MAUTF) hired a new CEO and nearly doubled a Lundin Group-backed stock offering to fund the US$712 million Koné gold project in Côte d’Ivoire. Toronto-based…
Sibanye-Stillwater to cut 2,600 jobs in South Africa
The precious metals producer kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.
What to expect in 2024 after diamond sector’s price plunge
It’s been a tough ride for the diamonds sector since rough prices hit an all-time high in the first quarter of 2022. Last year rough prices fell 15-20% according to…
Zijin to expand Tibet copper mine expected to be world’s largest
China’s Zijin Mining Group announced on Friday that is going ahead with the second phase of a major expansion at its Julong copper project in Tibet, after receiving government approval. The…
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…
Anglo American to produce iron ore from Vale’s deposit in Brazil
The miners have signed an agreement to integrate the Serra da Serpentina deposit into the Minas-Rio iron ore complex.