Receiver to sell disaster-hit Eagle mine
One year after the Eagle mine in Yukon suffered a catastrophic landslide, the company overseeing Victoria Gold’s former site is looking to sell the mine as the cleanup effort proceeds. …
Analysis
BofA sees $4,000 gold price on US debt, not war
Analysts at Bank of America see gold prices reaching $4,000 an oz. — an 18% jump above current levels — within the next year due to a ballooning U.S. fiscal…
Lundin targets top-10 copper miner status
Canada’s Lundin Mining (TSX: LUN) has unveiled a strategic growth plan designed to catapult the company into the world’s top 10 copper producers. The Vancouver-based miner aims to reach annual…
No takers for Nova Scotia uranium blocks post-ban
Nova Scotia, having recently lifted its decades-long ban on uranium exploration, says it has not received any bids for the request for proposals (RFPs) covering three areas prospective of the…
Infographic: Rare earth extraction spheres of control
The second edition of our Rare Earths series breaks down global extraction at the mine level, country by country. It then regroups those nations into five geopolitical spheres of control: the American Sphere, Chinese Sphere, Russian…
Gold passes euro as second-largest reserve asset: ECB
Gold, driven by record purchases and surging prices, has overtaken the euro as the second most important reserve asset behind the dollar, the European Central Bank (ECB) says. According to…
BC mining must deliver on its potential: PwC
British Columbia’s mining industry is entering a crucial stage rich in opportunity for critical minerals and gold, but it’s still dogged by slow permitting and widespread uncertainty, according to global…
Hochschild shares plunge on Brazil mine shutdown
Shares in Hochschild Mining (LSE: HOC) fell by more than a fifth on Tuesday, their steepest drop since November 2021, after it announced a six-week halt of processing operations at…
U.S. lawmakers seek new Fort Knox gold audit
A group of Republican lawmakers has introduced a bill to initiate the first comprehensive audit of U.S. gold reserves since the 1950s, citing the need for greater transparency over the…
M&A: Equinox’s Beaty talks cost cuts post-Calibre buy
The combination of Equinox Gold (TSX, NYSE-A: EQX) and Calibre Mining (TSX: CXB) should move the new company up to the fourth largest gold producer in Canada even as it…
Meta, Constellation power deal may help uranium miners: analysts
Facebook owner Meta’s 20-year deal with Constellation Energy (Nasdaq: CEG) to buy output from its Clinton nuclear plant in central Illinois bolsters the long-term case for uranium producers, analysts said….
Infographic: Gold and silver producers vs reserves
The ranks of the world’s top precious metal producing countries are subject to change over time, one factor being economically mineable reserves. South Africa, for example, was the world’s top…