TSX rises, April 27-May 1: MAG Silver, Lundin Gold, Troilus, SolGold
The S&P/TSX Composite Index rose 1.39% to 14,620.30 during the April 27-May 1 trading week. The Global Mining Index fell 0.81% to 82.25 and the…
Copper
COVID-19 disrupts US$6.9B of global mining output, S&P Global says
COVID-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can’t get…
First Quantum lowers 2020 guidance
With its Cobre Panama mine on care and maintenance since April 7, First Quantum Minerals (TSX: FM) has reduced its copper guidance for the year…
Extended lockdowns hit copper production
Peruvian copper mine Antamina, owned by BHP (NYSE: BHP; LSE: BHP) and Glencore (LSE: GLEN), has reported 210 positive cases of coronavirus and said the…
Seabridge releases ‘much improved’ numbers for KSM
Seabridge Gold (TSX: SEA; NYSE: SA) has released the results of an updated preliminary economic assessment (PEA) on its KSM gold-copper project, 65 km northwest…
Ivanhoe trims budget; stays course at Kakula
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has completed 13.5 km of underground development — 4.2 km ahead of plan — at its Kakula copper project…
Rio Tinto boosts budget for Citadel copper project in Australia
Rio Tinto ( NYSE: RIO; LSE: RIO) will spend a further A$9.2 million (US$5.9 million) on exploration at the Citadel copper-gold project, a joint venture…
Haywood Securities lowers base metal forecasts
Haywood Securities has cut its base metal price forecasts for 2020 due to the COVID-19 pandemic. The investment dealer expects copper will cost US$2.45 per…
PNG refuses to extend mining lease for Barrick’s Porgera mine
Papua New Guinea (PNG) is set to take control of Barrick Gold’s (TSX: ABX; NYSE: GOLD) Porgera mine after refusing to extend the company’s lease…
Emissions to drop 6% this year due to pandemic: WMO
Greenhouse emissions are expected to fall by 6% this year due to a global slowdown caused by the COVID-19 pandemic, the World Meteorological Organization (WMO)…
South America divided on coronavirus measures
South American countries have taken varying approaches to containing the spread of COVID-19, ranging from leaving it to states and cities to handle the virus…
Far North Snapshot: Eight companies exploring the frontiers
As existing deposits and mines are advanced, companies are looking for new frontiers to secure their long-term production and growth. The northern portion of this…