Hecla to sell Quebec mine to Orezone, focus on silver
Hecla Mining (NYSE: HL) agreed to sell its Casa Berardi gold mine in Quebec and a clutch of nearby exploration properties to Orezone Gold (TSX: ORE; US-OTC: ORZCF) for up to…
Financial Matters, M&A
Zijin agrees to buy Canada’s Allied Gold for $4B in cash
Zijin Gold agreed Monday to buy Canada’s Allied Gold (TSX, NYSE: AAUC) in a friendly all-cash transaction valued at about $5.5 billion (US$4 billion) as the Chinese miner ramps up…
Novagold’s Donlin costs, net value jump in update
Novagold Resources (TSX: NG) says inflationary pressures mean its Donlin Gold project in Alaska will probably cost $9.2 billion (C$12.6 billion) – a 25% increase – while the value of…
Ivanhoe Atlantic pivots to US IPO after rail deal win
Ivanhoe Atlantic is weighing an initial public offering in the United States later this year after securing long-awaited approval to use a key rail corridor to export iron ore from…
BHP adds another $1B to Jansen mine expense
Continued inflationary pressures have forced BHP (ASX, LSE, NYSE: BHP) to bump up the cost of its Canadian potash project’s first stage to $8.4 billion (C$11.6 billion) – the second revision…
South32 backs $35M push at Alaska copper project
The miner has signed off on a $35M work program to advance its Arctic copper project in Alaska through the Ambler JV.
Rio Tinto copper output rises as merger talks loom
Rio Tinto’s (ASX, NYSE, LSE: RIO) copper production rose 5% in the fourth quarter as a surge from Mongolia’s Oyu Tolgoi underground expansion more than offset weaker output at Chile’s…
Copper at heart of probable Rio bid for Glencore: RBC
Investors are increasingly expecting Rio Tinto (NYSE, LSE, ASX: RIO) to make an all-share offer for Glencore (LSE: GLEN) in a deal driven by the will to control future copper…
Orla to start South Railroad gold project build this year
Orla Mining (TSX: OLA; NYSE: ORLA) said it will kick off construction at its South Railroad gold project in Nevada after an updated feasibility study showed costs doubled in three…
Northern Graphite to build $200M Saudi plant
Northern Graphite (TSX-V: NGC; US-OTC: NGPHF) agreed with family-controlled Saudi Arabian conglomerate Al Obeikan Group for Investment to jointly build and run a battery material plant in the kingdom after the Canadian…
Glencore holds merger talks with Rio
Rio Tinto (NYSE, LSE, ASX: RIO) and commodities trading giant Glencore (LSE: GLEN) are holding preliminary talks about combining some or all of their businesses in a deal that could…
First Quantum to sell Spanish mine for $190M
First Quantum Minerals (TSX: FM) agreed to sell the past-producing Cobre Las Cruces copper mine in Spain to an investment fund for up to $190 million (C$260 million) to free…