Westgold to spin out mining assets, launch IPO on ASX
Westgold Resources (ASX, TSX: WGX) plans to spin off its non-core gold exploration assets in the Murchison region of Western Australia into a new company that will be listed on…
Financial Matters, M&A
Lundin Gold sees higher costs, stable output in Ecuador
Lundin Gold (TSX: LUG; US-OTC: LUGDF) said output at its Fruta del Norte gold mine in southeast Ecuador should remain flat over the next three years while unit costs climb…
Contango Ore agrees $812M deal to buy Dolly Varden
Contango Ore (NYSE-A: CTGO) agreed to buy Canada’s Dolly Varden Silver (TSX-V: DV; NYSE-A: DVS) to create a mid-tier silver and gold producer by adding one of the largest high-grade…
Aura Minerals lifts gold growth outlook by a third
Aura Minerals (Nasdaq: AUGO) has raised its future production outlook by a third after releasing a new feasibility study for its Era Dorada project in Guatemala and integrating the results…
DRC rail line may get $1B from U.S. finance agency
The United States may offer as much as $1 billion to revamp a rail line in central Africa that could help facilitate critical minerals shipments from the Democratic Republic of…
London Symposium: Japan Gold seeks new partners
Japan Gold (TSXV: JG; US-OTC: JGLDF) has begun talks with various investors looking to jointly explore for gold and develop mines in the Asian country after an alliance with Barrick…
Appian backs Atlantic’s Barrick mine buyout with $150M
U.K. private-equity firm Appian Capital Advisory said on Wednesday it has provided a US$150 million financing package to support the Atlantic Group’s buyout of a West African gold mine from…
Site visit: Fortuna’s Séguéla gold mine poised for growth
Séguéla, Côte d’Ivoire – Fortuna Mining’s (TSX: FVI; NYSE: FSM) success in expanding its flagship Séguéla mine in Côte d’Ivoire has surprised even some of its own employees. Vancouver-based Fortuna last month…
Glencore cuts 2026 copper target, plots long-term jump
Mining and commodities giant Glencore (LSE: GLEN) plans to expand annual copper production to about 1.6 million tonnes by 2035 as it seeks to reverse a multi-year slump in output….
Jansen ‘learnings’ key to limiting costs: BHP executive
BHP (NYSE, LSE, ASX: BHP) wants to use lessons from its maiden foray into potash production to ensure that a subsequent expansion of the facility is completed at or under…
Anglo-Teck deal gets Canada security OK: report
Canada’s federal government has cleared Anglo American’s (LSE: AAL) proposed combination with Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) on national security grounds, The Globe and Mail reported, citing an…
DPM forecasts higher output at Serbia gold project
Canadian miner DPM Metals (TSX: DPM; ASX: DPM) said a feasibility study for the Čoka Rakita project in Serbia shows increased output and higher value generation compared with an earlier…