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…
News
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.
Surge Battery declares highest-grade lithium clay resource in US
Surge Battery Metals (TSXV: NILI; US-OTC: NILIF) says its main lithium project in Nevada holds the highest-grade U.S. clay resource. The shares jumped. The initial resource for the Nevada North…
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…
BC does about-face on proposed Land Act changes
British Columbia announced on Wednesday it will not proceed with proposed amendments to the Land Act that observers say would have granted Indigenous groups more power over mining leases issued…
Why uranium above US$100 per lb. is ‘sustainable’ — and likely headed higher
Mining analyst David Talbot began covering the uranium sector in June 2007 – the same month uranium prices reached their all-time high of US$136 per lb., then rapidly retreated. 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…
Vizsla Silver to raise $30M for Panuco exploration, shares down
Vizsla Silver (TSXV: VZLA; NYSE: VZLA) is raising $30 million for exploration at its Panuco silver-gold project, located in southern Sinaloa, Mexico. The company has budgeted over 65,000 metres of…
Rio Tinto OKs US$6.2B Simandou iron mine
“The board yesterday approved the largest mining project in the world,” CEO Stausholm told Financial Times.
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…
Sayona delivers positive Moblan feasibility as it cuts costs at NAL
Sayona Mining (ASX: SYA; US-OTC: SYAXF) has released a positive feasibility study for its Moblan lithium project in Quebec, just one month after announcing cost cuts at its 75%-owned North…
Video: War threats will boost commodities, Wheaton Precious Metals says
The post-Cold War era is ending with a catharsis of global animosity that will benefit commodity producers before unifying us like World War II, Wheaton Precious Metals (TSX: WPM, NYSE:…