Copper rises above US$3 per lb.
Copper rose above US$3 per lb. for the first time in more than two years, on the back of falling inventories, a lower U.S. dollar, unprecedented Chinese economic stimulus and…
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Iron ore price hits six-and-half year highs on Chinese demand
Iron ore prices hit six-and-half year highs on Aug. 18 as Chinese furnaces, where more than half the world’s steel is forged, roll out crude steel at a never before…
Silver One updates resource for past-producing Candelaria mine
Silver One Resources (TSXV: SVE; US-OTC: SLVRF) has released an updated resource estimate for the heap leach pads at its Candelaria project, 209 km southeast of Reno, Nevada. Indicated resources…
Corvus Gold expands Mother Lode project in Nevada
Corvus Gold (TSX: KOR; NASDAQ: KOR) has released the results of 10 holes completed at its Mother Lode project in Nevada. The drill program has expanded the Central Intrusive (CIZ),…
Marathon Gold extends Berry zone at Valentine
The latest drill results from the Berry zone, within the 6-km long Sprite corridor at Marathon Gold’s (TSX: MOZ) Valentine gold project, extend the strike length of this area of…
Banyan Gold finds grade continuity at Airstrip zone in Yukon
Banyan Gold (TSXV: BYN) has released assays for nine holes completed at the Airstrip zone within its AurMac property, 56 km northeast of Mayo, Yukon. The drilling has extended the…
New South Wales approves Vickery coal mine expansion
The Independent Planning Commission of Australia’s New South Wales government approved a US$607-million extension of Whitehaven Coal’s (ASX: WHC) Vickery coal mine near Boggabri, in the state’s northwest. The approval,…
Hudbay posts US$51.9M loss on Constancia suspension
Canadian miner Hudbay Minerals (TSX: HBM, NYSE: HBM) posted a US$51.9 million loss in the second quarter, as an eight-week suspension of its Constancia copper mine in Peru weighed on results….
Horizonte plans $325M financing to develop Araguaia nickel project in Brazil
Horizonte Minerals (TSX: HZM) announced that it is arranging a senior secured project finance facility of up to US$325 million to fund the construction and development of its flagship Araguaia…
Wesdome meets production guidance in Q2
Wesdome Gold Mines’ (TSX: WDO) Eagle River complex in Ontario churned out 25,142 oz. gold in the second quarter at all-in sustaining costs (AISCs) of US$879 per ounce. According to…
U.S. Gold adds Idaho project to portfolio
U.S. Gold (NASDAQ: USAU) is adding a new exploration project to its portfolio through its acquisition of Northern Panther Resource Corporation, which holds the Challis gold project in Idaho. U.S. Gold is…
M&A deals reached US$8.8B in Q2: GlobalData
A total of US$8.86 billion worth of M&A deals were struck in the metals and mining industry globally during the second quarter of 2020, according to the latest report from…