Ivanhoe Electric lines up $825M loan for copper project
Ivanhoe Electric (TSX, NYSE: IE) said the United States export credit agency is interested in lending up to $825 million (C$1.15 billion) for the company’s Santa Cruz copper project in…
Financial Matters, M&A
Fortuna Mining exits Burkina Faso for US$130M
Fortuna Mining (NYSE: FSM, TSX: FVI) agreed to sell its Burkina Faso operations to Mauritius-based Soleil Resources International for about US$130 million ($181 million) cash. The sale represents “a prudent…
Alpayana poised to let Sierra takeover bid die
Peru’s Alpayana said it’s prepared to let its revised bid for Sierra Metals (TSX: SMT; US-OTC: SMTSF; BVL: SMT) expire in two weeks after the Canadian miner urged shareholders to…
Peru’s Alpayana boosts hostile bid for Sierra by 31%
Peruvian miner Alpayana sweetened its hostile takeover bid for Sierra Metals (TSX: SMT) by 31% after the Canadian company rejected its initial salvo. The stock surged. Alpayana is now offering C$1.11 (US79¢)…
PDAC video: Novo Resources seeks copper amid exploration funding crunch, exec says
Novo Resources (TSX: NVO; ASX: NVO; US-OTC: NSRPF) is shifting from a pure gold play to include copper as it prepares to launch a drilling program in New South Wales,…
Interview: Sierra rebounds under ex-Gold Fields exec
Sierra Metals (TSX: SMT) is targeting a 10-fold earnings increase this year compared with 2022 as it attracts potential “white knight” investors after rejecting a hostile takeover bid, its CEO…
Sigma Lithium misses earnings but sales surge
Sigma Lithium (TSX-V, NASDAQ: SGML) reported a fourth-quarter 2024 loss of 8¢ per share on Monday, falling short of analysts’ expectations of a 3¢ per share profit. Revenue also missed…
Russia, US in talks over rare earth JVs: report
Washington and Moscow have begun discussions on joint rare earths projects in Russia, the head of the country’s sovereign wealth fund, Kirill Dmitriev, told pro-Kremlin Russian newspaper Izvestia on Monday. Dmitriev,…
PDAC JV video: Munich Mining Conference to return this October
Michael Türk, a newsletter writer and stock expert, is bringing the Munich Mining Conference back to Germany on October 3-4. After a hiatus of four years, the event is to…
PDAC JV video: Alamos Gold plans to mine about 1M oz gold by 2030, CEO says
Alamos Gold (TSX, NYSE: AGI) plans to produce nearly a million ounces of gold by 2030, CEO John McCluskey said in an interview. The optimistic outlook draws only on organic…
SQM cuts spending as lithium slump lingers
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, is scaling back spending this year amid a drawn out weakness in prices for the battery metal erodes margins. The miner,…
Implats mulls shutting Ontario palladium mine
South African miner Impala Platinum (JSE: IMP; US-OTC: IMPUY) may close its Canadian palladium mine earlier than planned after prices for the metal used in gasoline vehicles have plummeted more than…