Panama panel backs path to Cobre Panama restart
Panama should negotiate a restart of First Quantum Minerals’ (TSX: FM) Cobre Panama mine to fund its eventual orderly closure without burdening the state, a ministerial committee has recommended to…
copper exploration
Higher Santa Cruz costs weigh on Ivanhoe Electric
A new prefeasibility study (PFS) shows Ivanhoe Electric’s (NYSE, TSX: IE) Santa Cruz copper project in Arizona has become more expensive to build while its economics improved modestly. The stock…
Luca adds 3rd Mexican property in $60M Agnico deal
Luca Mining (TSXV: LUCA; US-OTC: LUCMF) is moving to expand its Mexican footprint through the proposed $60-million (C$83-million) purchase of the El Barqueño gold-silver-copper project from Agnico Eagle Mines (TSX,…
Talon drops plan to build North Dakota mill for Tamarack
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO)-backed developer Talon Metals (TSX: TLO; OTC: TLOFF) has dropped plans to build a mill in North Dakota to process ore from its…
Osisko hits 4.7% copper beneath Gaspé workings
New drilling by Osisko Metals (TSX: OM; US-OTC: OMZNF) at its Gaspé Copper project in eastern Quebec has extended the past-producing mine’s footprint, demonstrating the potential for higher-grade mineralization near…
Troilus triples value to $3.2B, closes in on funding
A new study for Troilus Mining’s (TSX: TLG; US-OTC: CHXMF) namesake copper-gold project in Quebec has more than tripled the mine’s estimated value thanks to detailed engineering, an expanded reserve and…
US unveils $2B of financing commitments for mining
United States President Donald Trump on Friday announced more than $2 billion (C$2.8 billion) in financing pledges for critical minerals and other mining projects that he says will help the…
NGEx to spin out South American exploration company
NGEx Minerals (TSX: NGEX; US-OTC: NGXXF) plans to spin out its Valle Ancho copper-gold project into a new company – a move that will let the Canadian developer concentrate on…
Luca sees resource growth potential at Campo Morado
New drilling by Luca Mining (TSXV: LUCA; US-OTC: LUCMF) at its Campo Morado polymetallic mine in Mexico’s Guerrero State hints at the possibility of increasing near-mine resources and extending mine life….
Codelco’s El Teniente setback deepens copper fears
Codelco’s decision to suspend development of the Andes Norte section at its flagship El Teniente mine could last as long as two years, according to a union leader, compounding production…
First Quantum adds 1,000 jobs as Cobre Panama restart nears
First Quantum Minerals (TSX: FM) stepped up preparations to restart its Cobre Panama mine by beginning stockpile processing ahead of schedule and adding about 1,000 jobs. Formal negotiations with Panama…
Evolution to buy Carnaby in $149M copper-gold deal
Evolution Mining (ASX: EVN) agreed to buy Carnaby Resources (ASX: CNB) in an all-stock deal valued at about A$213 million (US$149 million) that would give the Australian gold producer a…