First Quantum’s Argentina copper mine valued at $5.9B
A new technical report on First Quantum Minerals’ (TSX: FM) Taca Taca copper-gold project in northwest Argentina shows the project’s value has more than doubled in five years thanks in…
Financial Matters, M&A
Orla sees $1.3B value in Mexico underground mine
Orla Mining (TSX: OLA) (NYSE: ORLA) said a preliminary economic assessment (PEA) shows an underground mine at its Camino Rojo property in Mexico would extend the operation’s projected life and…
Nova Minerals rises despite short seller attack
Nova Minerals (ASX, NASDAQ: NVA) rose in U.S. trading even after investment research firm Spruce Point Capital Management disclosed a short position in the Australian miner. In its report published…
Vale to sell Manitoba nickel complex to investor group
Brazilian mining giant Vale (NYSE: VALE) is selling control of Manitoba’s Thompson nickel mine complex to a trio of investors that agreed to inject up to US$200 million ($280 million)…
Rio gains control of Nemaska, eyes $300M investment
Rio Tinto (ASX, LSE, NYSE: RIO) said it plans to invest more than $300 million (C$411 million) this year to expand its lithium business in Quebec after assuming control of Nemaska…
PMET to raise $130M for Quebec lithium exploration
Canadian mine developer PMET Resources (TSX: PMET; US-OTC: PMETF) is raising up to $130 million (US$96 million) to fund exploration and development work at its Shaakichiuwaanaan lithium project in northern…
Barrick eyes North America assets IPO, confirms CEO
Barrick Mining (TSX: ABX; NYSE: B) unveiled plans to spin off its North American gold assets into a new publicly listed company by the end of the year as it appointed…
Agnico sells Swedish mine stake to Goldsky for $166M
Canada’s Agnico Eagle Mines (TSX, NYSE: AEM) said on Wednesday it will sell its 55% interest in the Barsele gold project in northern Sweden, exiting direct ownership while retaining a…
Ivanhoe Electric, SQM explore for Chile copper
Ivanhoe Electric (NYSE-A, TSX: IE) is teaming up with lithium miner Sociedad Química y Minera de Chile (NYSE: SQM) to explore for copper on parts of the Atacama Desert in…
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…
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…