CHART: Mining stocks enjoy a $210-billion fortnight
So far in August the combined U.S. dollar market capitalization of the MINING.COM TOP 50 rose from $2.17 trillion to $2.38 trillion. That is $210 billion in seven sessions, three…
Fresnillo
Fresnillo profit triples on gold, silver prices rally
Mexico-focused precious metals miner Fresnillo (LSE: FRES) says first-half profit tripled as higher gold and silver prices more than offset lower production.Net income surged to $1.46 billion from $467.6 million…
Investors prefer North America to Africa: Sprott chief
Rising gold and silver prices – and the resource nationalism they have fuelled in some African countries – are making North American mines and projects more attractive to global miners amid a search for stable operating environments, says Sprott Asset Management’s chief investment officer. …
Fresnillo enters Canada with $780M Probe Gold buy
Mexican precious metals miner Fresnillo (LSE: FRES) is acquiring Canada’s Probe Gold (TSX: PRB) for $780 million (US$556 million) in cash, marking the company’s first entry into North America. Fresnillo…
Fresnillo lifts gold forecast on first-half surge
Shares in Fresnillo (LSE: FRES) jumped 6% on Tuesday after the Mexican precious metals miner raised its gold production forecast for the year, driven by a strong first-half performance of…
Ranked: Top 20 biggest silver-producing mines
Silver is getting its shine on, with the price reaching $35.64 an oz. on Thursday – a 13-year high after a 24% increase since Jan. 1 and rivalling gold’s 29%…
Mexico to review bill to ban open pit mining
Mexican President Claudia Sheinbaum says her government will review a controversial bill approved by the lower chamber of Congress in August that aims to ban open-pit mining. The proposed legislation…
New Mexican president avoids open-pit ban
Mexico’s President Claudia Sheinbaum, who started this month after winning an election in June to succeed Andrés Manuel López Obrador, so far hasn’t declared she’ll act on her predecessor’s wish…
Opinion: Want more investors? Act local
The mining industry must boost its support of local communities if it’s ever going to attract enough investors for the world to meet climate-change fighting goals, a new survey and…
Fresnillo cuts production targets on Omicron labour shortage
Shares in Fresnillo (LSE: FRES) fell more than 14% after the Mexico-focused miner cut silver production forecast for 2022, saying that labour absences fuelled by the Omicron variant were expected…
Orla tables updated feasibility for Camino Rojo with increased reserves, longer mine life
Orla Mining (TSX: OLA; NYSE: ORLA) has released an updated feasibility study for its Camino Rojo heap leach oxide gold project in Mexico. The latest study features a 54% increase…
Endeavour Mining to buy Teranga Gold, creating top 10 gold miner
Canada’s Endeavour Mining (TSX: EDV), already West Africa’s top gold producer, has agreed to buy Teranga Gold (TSX: TGZ) in an all-share deal worth $2.44 billion (US$1.86 billion), which would…