Pan American sees lower Mexico mine expansion costs
Pan American Silver (TSX, NYSE: PAAS) unveiled a new preliminary economic assessment (PEA) that cuts the projected cost of expanding the La Colorada mine in Mexico by almost one-third while…
Financial Matters, M&A
Nevada King surges as Centerra takes 9.9% stake
Canadian miner Centerra Gold (TSX: CG; NYSE: CGAU) is paying $10 million (US$7.3 million) for a minority stake in junior Nevada King Gold (TSXV: NKG; US-OTC: NKGFF) to boost its…
Gemfields flags 2025 loss amid delays, weak prices
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) warned on Tuesday it expects to post a loss for its 2025 financial year as weaker gemstone prices, project delays and…
Teck’s undisclosed royalty worth billions on Barrick’s Fourmile could stymie IPO
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) holds a royalty on Barrick Mining’s (TSX: ABX; NYSE: B) Fourmile gold project in Nevada that could generate billions of dollars and impact the valuation…
US pours $1B into Latin America critical minerals
The United States has poured more than $1 billion into critical minerals investments across Latin America since January 2025, signalling a more assertive effort by Washington to secure supplies of…
First Quantum sells Turkish mine for $340M
First Quantum Minerals (TSX: FM) will sell its Çayeli mine in Turkey to a company controlled by Cengiz Holding as the Canadian miner raises additional capital for its priority assets….
Lundin spends $215M to boost Chile footprint
Lundin Mining (TSX: LUN) agreed to pay $215 million (C$292 million) to boost its majority stake in Chile’s Caserones copper mine and acquire a piece of the nearby Los Helados…
La Mancha builds $313M interest in G Mining
La Mancha Resource Capital has become the largest shareholder in South America-focused G Mining Ventures (TSX: GMIN; US-OTC: GMINF) after a $313-million (C$425.1-million) share purchase deal. The subscription raises La Mancha’s…
PDAC: Canada must build processing now, panelists say
Canada has a historic opportunity to build new processing facilities in the country as modern mines get developed amid a global resource boom, attendees were told at the Prospectors and…
Quick payback seen for Yukon’s Coffee gold project
Newmont (NYSE: NEM)-backed developer Fuerte Metals (TSXV: FMT; US-OTC: FUEMF) says it would need barely a year at current gold prices to recoup the C$983 million ($718 million) initial capital…
Faraday jumps on Lundin-, BHP-backed $100M deal
Faraday Copper (TSX: FDY) is raising $100 million (US$73 million) through a private placement backed by the Lundin Family Trusts and BHP Group (ASX: BHP) to fund the ongoing development…
Lundin Gold sells silver stream to LunR in $670M deal
Lundin Gold (TSX: LUG) said it will sell a silver stream on its Fruta del Norte mine in Ecuador in return for newly issued shares of LunR Royalties (TSX-V: LUNR)…