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…
Canada
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,…
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…
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…
JV Article: Equity Metals hits bonanza-grade silver at Silver Queen in BC
Canadian explorer Equity Metals (TSXV: EQTY; US-OTC: EQMEF) owns precious-base metal and diamond projects in British Columbia and the Northwest Territories. The Vancouver-headquartered junior is focused on advancing its 100%-owned flagship Silver…
Rio Tinto and Star Diamond make peace
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Canadian junior Star Diamond (TSX: DIAM) have reached an agreement to end a long drawn out dispute over the development of…
Kinross Gold to acquire Great Bear Resources for $1.8B
Gold miner Kinross Gold (TSX: K; NYSE: KGC) is acquiring junior explorer Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) for $1.8 billion (US$1.4 billion) in order to get its hands…
ICMM members paid US$23.7B in taxes in 2020
The 28-members of the International Council on Mining and Metals (ICMM) reported total tax payments of US$23.7 billion in 2020, an effective tax rate of 39.7%, and an increase of…
Otso Gold CEO detained in Finland on suspicion of fraud
A former CEO of Otso Gold (TSXV: OTSO), Brian Wesson, has been detained in Finland and remains in pre-trial custody under criminal suspicion of aggravated embezzlement and payment fraud, the…
Scotiabank’s Marc Desormeaux on 2022 outlook
Marc Desormeaux leads Scotiabank Economics’ regional economic forecasting and commodity market coverage and is the creator of Scotiabank’s Provincial Outlook, the department’s quarterly forecast publication on Canada’s provincial economies. Prior…