TSX posts modest dip, Feb. 15-19
The S&P/TSX Composite Index fell 75.93 points (0.41%) to finish the Feb. 15-19 trading week at 18,384.27. The Global Base Metals Index rose 10.2% to 169.75 and the Global Mining…
Africa
Endeavour Mining CEO Sebastien de Montessus is our Mining Person of the Year for 2020
Completing two major acquisitions in one calendar year is a significant achievement by any measure but to do so in the midst of a pandemic makes it even more remarkable…
Interview: Endeavour’s CEO Sebastien de Montessus on M&A, the “magic box” and creating a Top Ten gold miner
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has become a Top Ten global gold producer since announcing two major acquisitions last year – Semafo and Teranga Gold. It is now the…
Billionaire Naguib Sawiris bets on Egypt’s gold
Egyptian billionaire Naguib Sawiris is backing his country’s drive to develop a gold industry following drastic changes to mining regulations passed last year. Altus Strategies’ subsidiary AKH Gold, majority owned…
Odds ‘n’ Sods: I’m not superstitious, but …
Miners have more than their fair share of superstitions. The more you dig into the world of mining lore and myths, the more you realise how hard a job it…
Rio Tinto hands out biggest dividend ever; vows to tackle customers’ emissions
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has rewarded investors with the biggest dividend in its 148-year history and laid out plans to tackle the vast carbon footprint of its…
Ivanhoe hopes to repeat success at Kamoa-Kakula on Western Foreland licences
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) expects to start producing copper concentrates in July from its Kamoa-Kakula underground mines in the Democratic Republic of the Congo and is confident it…
Former Xstrata boss creates Vision Blue Resources and invests in NextSource Materials
Sir Mick Davis built Xstrata into one of the largest mining companies in the world before it was acquired by Glencore in 2013 and has raised more than US$40 billion…
Steinmetz bets on Brazilian investigation against Vale
Israeli diamond and mining tycoon Beny Steinmetz is betting on Brazil’s authorities in his battle against Vale (NYSE: VALE). In January, the billionaire businessman was found guilty of bribing a…
Kinross reports record free cash flow, 2020 results in line with guidance
Toronto-based gold major Kinross Gold (TSX: K; NYSE: KGC) has released its fourth-quarter and year-end 2020 financial results. Production of 2.4 million gold-equivalent oz. for the year (624,032 oz. in…
Newmont updates industry-leading reserve portfolio
Newmont (TSX: NGT; NYSE: NEM) has reported its 2020 year-end reserve and resource update, and its 94.2 million oz. of attributable gold reserves are the largest in the industry, the…
US markets mixed, Feb. 1-5
The Dow Jones Industrial Average climbed 3.89% to finish the week at 31,148.24 and the S&P 500 advanced 0.02% to 3,841.47. Spot gold fell US$32.90 per oz., or 1.78%, to…