Ivanhoe expands Makoko copper deposit in DRC
Africa-focused Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has pushed its Makoko copper deposit past 13 km in strike length and found fresh high-grade copper at Kitoko, it said Monday in…
Africa
Lucara shares up on annual diamond production record
Canada’s Lucara Diamond (TSX: LUC) achieved record-breaking production in 2024, highlighted by the recovery of two exceptional stones at its prolific Karowe mine in Botswana. Shares jumped 15.7%. The miner increased…
Global exploration budgets fall as juniors tighten belts: S&P
Global nonferrous exploration spending declined for the second straight year due to financing challenges for junior miners, S&P Global said. Global spending dropped 3% to $12.5 billion, S&P’s Corporate exploration…
Ivanhoe nets $193M profit but floods, quick expansion cloud outlook
Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) update on 2024 shows solid performance booking a $193-million profit, but an analyst says it’s marred by operational setbacks and an overly ambitious growth…
Barrick to pay Mali $440M: report
Barrick Gold (NYSE: GOLD; TSX: ABX) has signed a new agreement with the Malian government to end the dispute over its mining assets in the West African country, Reuters reported,…
Glencore weighs ditching London as primary listing
Glencore (LSE: GLEN) is considering shifting its primary listing from London, likely to New York, or another venue where it can “get the right valuation” in a potential blow to…
Anglo sells Brazil assets for $500M, targets June to demerge Amplats
Anglo American (LSE: AAL) has set a June deadline to demerge its platinum business and has agreed to sell its nickel unit for $500 million (C$709.7 million) as the company’s effort…
Giustra among backers investing $57M in explorer
Several investors led by mining entrepreneur Frank Giustra and his Fiore Group are putting $36 million into Botswana-focused Premium Resources (TSXV: PREM; US-OTC: PRMLF) while another is retiring the nickel-copper-cobalt…
GoviEx shares jump on deal to resolve Niger dispute
GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) and the Republic of Niger are looking to end their dispute over one of the world’s largest uranium projects following the signing of a…
Jubilee begins processing high-grade copper in Zambia
Jubilee Metals Group (LSE: JLP) said on Friday it has begun processing high-grade copper feed material at its Roan concentrator facility in Zambia. The plant had been processing low-grade waste…
Global Atomic gains on Niger project reassurance
Global Atomic (TSX: GLO; US-OTC: GLATF) shares jumped on Wednesday after the company reiterated that its main uranium project, Dasa in Niger, is advancing on schedule and has strong government…
Sibanye-Stillwater CEO Froneman to retire
Neal Froneman, the founder and longtime CEO of Sibanye-Stillwater (JSE: SSW; NYSE: SBSW), will retire at the end of September after 12 years at the helm. He is to be…