Canadian mining capex reached decade high in 2022
Capital spending in Canada’s mining industry increased by 14% to $13.5 billion last year, its highest in a decade, the latest figures published by Natural Resources Canada showed. The sector’s…
Financial Matters, M&A
Labour costs: Canadian miners see modest pay raises
Hourly wages at mines in Canada climbed at less than half the rate of salaries at top jobs, a new survey shows. The annual pay for a mine general manager…
Stellantis invests US$90M in Argentina lithium explorer for nearly 20% stake
Stellantis, the automaker behind Chrysler and Alfa Romeo among others, is buying almost a fifth of Argentina Lithium & Energy (TSX-V: LIT; US-OTC: PNXLF) for US$90 million. The deal with…
Sigma Lithium’s Ana Cabral is our Mining Person of the Year
Sigma Lithium‘s (TSXV: SGML; NASDAQ: SGML) advance from IPO in 2018 to first production at its Grota do Cirilo mine in Brazil this year has been impressive — as reflected…
Sierra Metals puts Cusi silver mine up for sale as it pivots to copper
Sierra Metals (TSX: SMT) is placing its Cusi silver mine in Mexico on care and maintenance and has started the process to sell the mine amid the company’s shift towards…
B2Gold grabs AngloGold’s stake in Colombian project
Canada’s B2Gold (TSX: BTO; NYSE: BTO) will become the sole owner of the Gramalote gold project in Colombia after acquiring the 50% stake held by South Africa’s AngloGold Ashanti (NYSE: AU;…
Blast it! How rock hardness inflates mining costs
Rock hardness, or the compressive strength of ore that has to be blasted, chipped or otherwise dug out of the earth, is an often-overlooked cost to mining. Research by Costmine…
BHP speeds up Jansen project in Saskatchewan despite falling potash prices
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), the world’s largest miner by market valuation, is increasing its capital spending this year on the Jansen potash project in Saskatchewan by 55%…
Tucano Gold to take over Great Panther’s Tucano mine in Brazil
Tucano Gold has entered into a definitive deal to acquire the subsidiaries of Great Panther Mining, Mina Tucano and Tucano Resources Mineração, for consideration of BRL1.00 (US20¢) per share, along…
What’s driving gold miners’ copper craze?
Gold miners have never been more bullish. But not on gold — on copper. The red metal is one of the driving forces behind Newmont’s takeover of copper-rich fellow gold…
Rio Tinto inks earn-in deal for lithium project in Rwanda
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is making its first foray into Rwanda by signing an earn-in investment and joint-venture agreement with African-focused Aterian (LSE: ATN) to develop…
Canadian gold miners post strong Q2 performance
A number of gold companies released record operating and financial results after Wednesday’s market close. Agnico-Eagle, Alamos Gold, New Gold, Perseus Mining, and Westgold Resources all reported impressive figures, beating…