Rio Tinto overhauls units, axes execs
Rio Tinto’s (ASX, NYSE, LSE: RIO) new CEO Simon Trott has launched a sweeping overhaul of the miner’s structure, consolidating operations into three core divisions while placing several non-core assets…
South America
Marimaca Copper targets 2026 build start on new DFS
Marimaca Copper’s (TSX: MARI; ASX: MC2) definitive feasibility study (DFS) confirms the Chilean oxide project at the low end of capital intensity among South American copper builds. The DFS, released…
Omai project now second highest by gold oz in Guyana
Omai Gold Mines’ (TSXV: OMG; US-OTC: OMGGF) updated resource for its namesake project in central Guyana ranks it as the country’s second-largest undeveloped yellow metal project by contained ounces. Shares…
Pan American locks $2.1B takeover of MAG Silver
Pan American Silver (TSX, NYSE: PAAS) has secured final regulatory approval to complete its $2.1-billion (C$2.9-billion) acquisition of MAG Silver (TSX, NYSE: MAG), cementing control over one of Mexico’s most…
Brazil Potash lands offtake for giant Amazon project
Brazil Potash (NYSE: GRO) says it has secured a 10-year commercial offtake agreement with mid-tier fertilizer company Keytrade of Switzerland for the Autazes project in the Amazon, the region’s largest. …
Aldebaran suggests $1.5B to build Altar in Argentina
Aldebaran Resources (TSXV: ALDE; US-OTC: ADBRF) says an economic study due next month on its Altar copper-gold project in Argentina will contain a $1.5-billion (C$2.09-billion) construction figure. The preliminary economic…
Lithium price surge forecast to be short
Lithium prices surged this week on concerns about supply disruptions in China, but analysts are warning the rally will be short-lived. A halt in production at Chinese lepidolite mines, which…
GoldMining finds antimony kicker at Crucero in Peru
GoldMining (TSX: GOLD; NYSE American: GLDG) plans to leverage the antimony price’s strong rally into a new resource estimate after reviewing legacy drill results showing its Crucero project in Peru…
Viridis doubles REE tonnage in Brazil
Viridis Mining and Minerals (ASX: VMM) has unveiled an initial reserve estimate of more than 200 million tonnes at its Colossus ionic adsorbed clay project in Brazil, underpinning a potential high-grade rare…
Marimaca hits fresh 13-year high on copper results
Marimaca Copper (TSX: MARI; ASX: MC2) surged to its highest level in more than 13 years after the company said new drilling at its Pampa Medina property in northern Chile…
Sigma Lithium surges as output climbs, costs fall
Sigma Lithium (TSXV, NASDAQ: SGML) surged to a one-month high on Friday as investors welcomed the company’s second-quarter production increase and cost cuts despite weaker-than-expected earnings. Lithium oxide concentrate output…
Equinox surges to 3-year high on Q2 results
Equinox Gold (TSX, NYSE-A: EQX) shares surged to their highest in more than three years after reporting second-quarter earnings results that beat analyst estimates while offering a positive outlook for…