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….
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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…
Lucara Diamond ends second quarter with $14M loss
Lucara Diamond (TSX: LUC) saw revenues fall 82% in the three months to June 30 from the same period last year after it decided to hold back the sale of…
Osisko hits more high grades at Windfall
Osisko Mining (TSX: OSK) has released high-grade drill results from the Lynx and Triple Lynx zones at its Windfall gold project, 700 km northwest of Montreal. Drill highlights from the…
Alrosa digs up Russia’s largest coloured diamond
Alrosa, the world’s top diamond miner by output, has found a 236-carat rough diamond of deep amber colour at one of its mines in Russia’s northeastern region of Yakutia. The…
Unigold drills high-grade intercept at Nieta in Dominican Republic
The longest and highest-grade intercept drilled so far at Ungiold’s (TSXV: UGD) Nieta concession in the Dominican Republic “suggests that sulphide mineralization may have a steeper plunge to the northeast…
Albemarle to close two lithium facilities in the US
U.S. miner Albemarle (NYSE: ALB), the world’s top lithium producer, said this week it would temporarily shut two operations due to weaker demand for the commodity used in batteries that…
Moneta extends 55 deposit at Golden Highway
The most recent five drill holes (and one redrilled hole) reported from Moneta Porcupine Mines’ (TSX: ME; US-OTC: MPUCF) Golden Highway project, 110 km east of Timmins, extend the mineralization…
Minera Alamos buys Cerro de Oro gold project in private sale
Canada’s Minera Alamos (TSX-V: MAI) is expanding its footprint in Mexico by acquiring the Cerro de Oro gold project in the north-central state of Zacatecas, its third asset in the precious metals-rich country. The…