Dearth of quality new gold discoveries to crimp supply — report
In recent years, gold discoveries around the world have become more scarce and smaller in size, dampening the outlook for future supply of the metal, according to the latest analysis…
Australia, NZ & South Pacific
Chinese investor steps in to block Paladin’s Fission buy
Australia’s Paladin Energy (ASX: PDN) has hit a roadblock in its proposed acquisition of Canada’s Fission Uranium (TSX: FCU) after a Chinese investor in the takeover target opposed the tie-up. …
Atlantic Mining to pay Nova Scotia $80M gold mine clean-up bond as it appeals conditions
The Nova Scotia subsidiary of Australia’s St Barbara (SBM:ASX) says the province has agreed to accept the remaining $38.7 million of a bond by the end of the month for cleaning…
Australia’s $2.4B market cap Westgold joins TSX
A shower of confetti and an electronic bell ring at the Toronto Stock Exchange Friday morning welcomed Westgold Resources (ASX: WGX; US-OTC: WGXRF; TSX: WGX) as its newest listed company. The $2.4-billion…
AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.
Newmont sells Telfer, Havieron stake to Greatland Gold for US$475M
As part of its efforts to offload non-core assets, Newmont (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has agreed to sell its Telfer mine and a 70% stake in…
AngloGold, Regis to take Havana gold mine underground
Tropicana gold mine partners Regis Resources (ASX: RRL) and AngloGold Ashanti (NYSE: AU; JSE: ANG) are going ahead with the A$114-million (US$76 million) Havana underground project in Western Australia. The…
Perseus ups stake in Guinea-focused Predictive Discovery to 19.9%
Australian gold producer Perseus Mining (TSX: PRU; ASX: PRU) is increasing its stake in Predictive Discovery (ASX: PDI), a BlackRock-backed company advancing the Bankan gold project in Guinea. The Perth-based…
Arcadium Lithium suspends Mt. Cattlin in Australia
Arcadium Lithium (NYSE: ALTM; ASX LTM), one of the world’s largest producers of the battery metal, plans to idle its Mt. Cattlin spodumene mine in Australia next year in another step…
Uranium market under pressure, but long-term outlook remains positive
The uranium market has faced some short-term pressure, with spot prices dropping below US$80 per lb. after hitting a peak of US$107 in February. Despite this drop, prices are still…
Australian gold production declines as miners adapt to record prices
Australia, the largest gold producer after China, produced slightly less of the yellow metal in the 12 months to June 30 as miners adjusted strategies for record high prices even…
Mineral Resources tightens belt after lithium, iron ore prices fall
Australia’s Mineral Resources (ASX: MIN) is slashing costs to ride out the weak lithium price but founder and chief executive Chris Ellison said the company wasn’t panicking. The iron ore…