Lundin Gold suspends Fruta del Norte; Newmont withdraws guidance
Lundin Gold (TSX: LUG) has temporarily suspended operations at its Fruta del Norte gold mine in Ecuador due to COVID-19, while Newmont (TSX: NGT; NYSE: NEM) has taken similar measures…
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First Cobalt pushes ahead with Ontario refinery
First Cobalt (TSXV: FCC) has announced that the feasibility study on an expansion of its Ontario refinery will be complete in the coming weeks. It is also in discussions with…
Rio Tinto halts Kennecott after Utah earthquake
Rio Tinto (NYSE: RIO; LSE: RIO) evacuated all of its employees from its Kennecott copper mine near Salt Lake City, Utah, after a 5.7 magnitude earthquake hit near the town…
Nevada Copper looks to strengthen balance sheet
As its Pumpkin Hollow underground mine ramps up to commercial production, Nevada Copper (TSX: NCU) has entered into non-binding arrangements for a balance sheet strengthening package. The company is working to reach binding…
Nouveau Monde grows Matawinie resources
Nouveau Monde Graphite (TSXV: NOU) has released updated resources for the West Zone deposit at its Matawinie graphite project, 150 km north of Montreal. Updated measured and indicated resources increased by…
Copper price meltdown sinks mining stocks
The decline in the copper price accelerated on Wednesday, as pandemic fears grip global markets and mining companies announce a wave of production halts and project construction suspensions. Copper trading…
BTU hits more VMS-style mineralization at Dixie Halo
Drilling at BTU Metals’ (TSXV: BTU) 197-sq.-km Dixie Halo project in Ontario’s Red Lake district returned continuous volcanogenic massive sulphide-style mineralization over 300 metres, starting at surface, with metal grades increasing…
Explorers reduce activity over coronavirus threat
With mining majors suspending expansion plans, ramping down operations and temporarily closing down head offices in response to Covid-19, development and exploration companies are also taking precautionary measures to prevent…
Copper price sinks as China faces first GDP drop since 1976
Copper prices continued to slide on Tuesday after China released economic data showing the deepest declines on record for industrial production and fixed asset investment. Copper trading in New York…
Dunnedin Ventures to become Kodiak Copper
Publicly traded Kodiak Copper (TSXV: KDK), a portfolio company of the Discovery Group that was formerly Dunnedin Ventures (TSXV: DVI), will focus on copper porphyry exploration in Canada and the United States. The…
Lundin Mining puts zinc expansion on hold to prevent spread of coronavirus
Lundin Mining (TSX: LUN) has put the brakes on zinc expansion activities at its Neves-Corvo operation in Portugal, joining the rising number of companies taking precautionary steps in the face…
Alamos to reacquire Island Gold royalty for $75M
Alamos Gold (TSX: AGI) has announced that it has entered into an agreement to acquire a 3% net smelter return (NSR) royalty on production from four claims at its Island…