Harmony Gold to pay record dividend, extend Mponeng mine life
The miner will extend Mponeng’s life from seven to 20 years.
Financial Matters, M&A
Fury Gold buys Newmont’s half of Éléonore South project in Quebec
Fury Gold Mines (TSX, NYSE: FURY) is spending $4.3 million to buy Newmont’s (NYSE: NEM, TSE: NGT) half of the Éléonore South project next to the mine of the same…
Sibanye-Stillwater to cut 2,600 jobs in South Africa
The precious metals producer kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.
Sibanye-Stillwater posts $3.4B write-down
South Africa’s Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has flagged a 47.5 billion rand ($3.4 billion) impairment on last year’s results due to tumbling platinum, palladium and nickel prices. The company…
Perseus Mining confident of winning ok for OreCorp takeover
Perseus Mining (TSX: PRU; ASX: PRU) is far from giving up on its intended acquisition of OreCorp (ASX: ORR), saying on Monday it was confident of receiving unconditional approval from…
Video: Power Nickel CEO sounds the alarm on naked short-selling
A battle for transparency and the survival of junior mining companies against market manipulation is playing out in real-time, Power Nickel (TSXV: PNPN; US-OTC: PNPNF) CEO Terry Lynch says. Lynch…
Temas Resources’ La Blance PEA pushes shares to 12-month high
An assessment for Vancouver-based Temas Resources’ (CSE: TMAS) La Blache titanium-vanadium-iron project in eastern Quebec boasts a $6.8-billion net present value that is more than six times higher than its…
Private equity firms are poised to invest billions in battery metals
Private equity firms say they will boost investments in battery metal projects this year as depressed company valuations, plunging commodity prices and slumbering stock market financing create opportunities. London-based Appian…
Fission wants to split uranium project costs with a partner in Saskatchewan
Fission Uranium (TSX:FCU; OTCQX: FCUUF) plans to fund the $1.5-billion Patterson Lake South project in northern Saskatchewan mostly with debt but it’s considering taking on a partner to help pay for…
Ghana secures stake in Atlantic Lithium with US$5M investment
Ghana’s state-owned investment fund has secured a 3% stake in Australia’s Atlantic Lithium (ASX: A11), which is building the Ewoyaa lithium project in the West African country, set to be the…
Wesdome acquires 10.6% stake in Ontario neighbour Angus Gold
Wesdome Gold Mines (TSX: WDO) is buying a 10.6% interest in Angus Gold (TSXV: GUS), whose flagship project is right next to its Eagle River mine, through participation in a…
Bluestone soars on open-pit OK for Guatemalan gold
Shares in Bluestone Resources (TSXV: BSR) doubled after Guatemala approved a plan to change the contentious Cerro Blanco gold project to an open-pit operation from underground as the company considers selling…