Video: Reasons to back gold haven’t gone, Rule says
Rick Rule, the renowned mining financier who has managed hundreds of millions in investments and shaped the sector for over four decades, remains bullish on gold despite its already meteoric…
Financing
AngloGold buys Augusta Gold in Nevada push
AngloGold Ashanti (JSE: ANG; NYSE: AU) agreed to buy Canadian explorer Augusta Gold (TSX: G; US-OTC: AUGG) for about $152 million (US$111 million) in cash to further expand its Nevada footprint. Augusta…
Critical Metals soars on Greenland REE drilling
Critical Metals (Nasdaq: CRML) has launched a 2,000-metre drilling program aimed at expanding the resource at its Tanbreez rare earth project in Greenland ahead of a feasibility study. Its shares…
MP Materials soars on $500M from Apple
Pentagon-backed MP Materials (NYSE: MP), the United States’ only producer of rare earth elements, has struck a $500-million deal with tech giant Apple (Nasdaq: AAPL) to secure domestic supplies for…
Namib eyes $400M to restart Zim gold mines
Namib Minerals (Nasdaq: NAMM) is looking to invest as much as $400 million to bring two of its mothballed gold mines in southern Zimbabwe back to production, according to media…
Private miners overlook disclosure: legal experts
Many private Canadian mining companies may be unaware that they are subject to the same technical disclosure rules as public issuers and that they could face compliance risks under a…
MP Materials lands $400M Pentagon deal
MP Materials (NYSE: MP) has entered a major public-private partnership with the U.S. Department of Defense (DoD) to build a domestic supply chain for rare earth magnets, reducing America’s reliance…
Osisko opens door to enlarging Gaspé copper deposit
Osisko Metals (TSX: OM) hinted it may enlarge the deposit at its flagship Gaspé polymetallic project in Quebec after reporting drill results as high as 108 metres grading 0.84% copper…
Taseko more than doubles Yellowhead copper project value in BC
Taseko Mines (TSX: TKO; NYSE-A: TGB; LSE: TKO) has released an updated technical report for the Yellowhead project in British Columbia that confirms its potential to become a tier one…
Implats to shut Ontario mine
Impala Platinum (JSE: IMP; US-OTC: IMPUY), widely known as Implats, is shutting its mine in northern Ontario next May because of low palladium prices, a company spokesperson confirmed. The closure…
Radisson sees 74% IRR for O’Brien at spot gold price
Radisson Mining Resources (TSX-V: RDS, US-OTC: RMRDF) says a preliminary economic assessment for the former O’Brien gold mine in Quebec’s Abitibi region outlines a high-value project – as long as…
Ivanhoe sees $70M Kakula mine dewatering cost
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) said it expects the dewatering of its Kakula mine in the Democratic Republic of Congo to cost as much as $70 million (C$96 million). Production…