Update: Argonaut Gold sees Magino capex rise 57% to $800M; CEO departs
Argonaut Gold (TSX: AR) has taken another look at the cost of putting the former Magino gold mine in Ontario back into production and found capex has risen 57% to…
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Altus in the red on Newcrest royalty buy
The London-quoted equity in Altus Strategies (AIM: ALS; TSXV: ALTS; US-OTC: ALTUF) traded more than 14% in the red on Tuesday following the overnight announcement that it and a privately-held…
Noront to negotiate with Wyloo on sweetened offer
Noront Resources (TSXV: NOT) said on Tuesday it plans to negotiate directly with Australian billionaire Andrew Forrest’s Wyloo Metals on the company’s sweetened acquisition bid, which has reignited a long-dragge-out…
The Northern Miner Podcast – episode 269: AME Roundup 2022 preview, ft CEO Kendra Johnston and Kenorland Minerals CEO Zach Flood
This week’s episode features a preview of the annual AME Roundup conference taking place in Vancouver on Jan. 30 to Feb. 3, 2022. AME president and CEO Kendra Johnston and…
Eldorado Gold eyes further growth outside Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) says it has completed key growth projects at two of its assets — the Lamaque mine in Val d’Or, Quebec, and the Kışladağ gold…
Franco-Nevada takes strategic stake in Skeena Resources
Franco-Nevada (TSX: FNV) is acquiring 1.47 million flow-through common shares in Skeena Resources (TSX: SKE; NYSE: SKE) at $21 per share in a non-brokered private placement. After the deal closes,…
Strong EV sales will buoy battery metal prices next year
Electric vehicle sales have surged nearly 90% so far this year and will likely jump by 40% year-on-year in 2022, economist Patricia Mohr tells The Northern Miner. The former vice-president…
Decarbonization plays the metals fiddle in 2022
The recent 26th edition of the Conference of the Parties (COP26) brought about renewed vigour to phase down carbon dioxide emissions across the globe. Still, to get there, the mining…
Kinross’ Great Bear acquisition ‘credit negative’ says Moody’s
The US$1.4 billion acquisition of Great Bear Resources (TSX: GBR) by Kinross Gold Corp (TSX: K; NYSE: KGC) is credit negative for Kinross, credit ratings agency Moody’s Investors Service said…
Rio Tinto to write off US$2.3B Oyu Tolgoi loan to Mongolia
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will cancel a US$2.3 billion debt owed by Mongolia as part of the government’s share of the development costs for the giant…
Vale sells 50% stake in California Steel to Nucor for US$400 million
Vale’s (NYSE: VALE) Canadian subsidiary has agreed to sell its 50% stake in California Steel Industries (CSI) to Nucor (NYSE: NUE) for US$400 million, the company said. The Brazilian mining…
JV Article: QuestEx Gold & Copper is exploring for world-class projects in BC
Canadian explorer QuestEx Gold & Copper (TSXV: QEX; US-OTC: CLASF) holds approximately 110,000 hectares of mineral tenures that host precious and base metals projects in the Golden Triangle and Toodoggone areas…