Orla Mining expands to Canada with US$850M Newmont mine buy
Orla Mining (TSX: OLA) is buying Newmont’s (NYSE: NEM) Musselwhite gold mine in Ontario for US$850 million, enabling it to more than double production of the precious metal as prices…
Financial Matters, M&A
Forrest’s Wyloo Metals casts doubt over future of Aussie rare earths hopeful
A dispute is brewing between junior rare earth developer Hastings Technology Metals (ASX: HAS) and its funding partner, Andrew Forrest’s private investment vehicle Wyloo Metals. Hastings said it received a…
Mineral Resources halts Bald Hill mine in Australia amid lithium price rout
Mineral Resources (ASX: MIN), which is rallying from a governance probe involving its founder and former CEO Chris Ellison, will shut its Bald Hill lithium mine in Western Australia immediately due…
Fresnillo-Peñoles silver deal hit by issues at Sabinas mine
Precious metals miner Fresnillo (LSE: FRES) warned on Tuesday that it’s facing challenges meeting its long-standing silver production agreement with Mexico’s Industrias Peñoles due to operational issues at the Sabinas…
Suitors circle American Eagle Gold as South32 takes 19.9% stake
South32 (ASX: S32) is shelling out $29.2 million for a 19.9% interest in American Eagle Gold (TSXV: AE), which is in the third year of drilling at its NAK copper-gold discovery in…
Australia’s Global Lithium raises alarm over potential foreign takeover
Australia’s Global Lithium Resources (ASX: GL1) is seeking to postpone its upcoming annual shareholder meeting until March due to concerns over a potential breach of foreign ownership rules. The West…
Aldebaran soars to new high as it teams up with Rio Tinto’s Nuton at Altar
Aldebaran Resources (TSXV: ALDE, US-OTC: ADBRF) shares climbed to an all-time high of $1.98 following news that it’s teaming up with Nuton, Rio Tinto‘s (NYSE: RIO) sulphide leaching technology venture,…
Gahcho Kué diamond mine earnings fall in ‘disappointing’ market for De Beers JV
Mountain Province Diamonds (TSX: MPVD) says its third-quarter earnings fell and mine operations swung into a loss as costs rose and grades dropped at the Gahcho Kué joint venture with Anglo…
Canada approves Pan American’s sale of Peru mine to Zijin
Canada has approved Pan American Silver’s (TSX: PAAS; NYSE: PAAS) sale of its La Arena open-pit mine and project in Peru to Jinteng Mining, a subsidiary of China’s Zijin Mining Group. The approval, granted…
Pan African expands into Australia, halts Sudan project
South Africa’s Pan African Resources (LSE: PAF; JSE: PAN) is expanding into Australia with the acquisition of gold junior Tennant Consolidated Mining Group (TCMG) for US$54.2 million, as it suspends exploration…
TNM names 2024 award winners: Jack and Adam Lundin, Amparo Cornejo, and Ross Beaty
The Northern Miner has named Jack and Adam Lundin as its Persons of the Year for 2024. Amparo Cornejo, chief sustainability officer of Teck Resources, has been chosen as the winner…
Ivanhoe cuts copper forecast on DRC power woes, while Friedland touts new discoveries
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) on Wednesday reported record third-quarter copper production but cut its full-year guidance by 6%, blaming power outages at its Kamoa-Kakula complex in the Democratic…