Gold boom drives rising costs for Aussie producers
As Australian gold producers set forecasts for their 2026 performance, a clear trend has emerged that sets them apart: costs are expected to rise even as non-gold miners predict lower…
Financing
Electra seeks cash for stalled cobalt refinery
Electra Battery Materials (Nasdaq, TSXV: ELBM) says it is restructuring its finances to complete what may be North America’s first cobalt sulphate refinery. The battery metals developer said Thursday it…
Brazil Potash lands offtake for giant Amazon project
Brazil Potash (NYSE: GRO) says it has secured a 10-year commercial offtake agreement with mid-tier fertilizer company Keytrade of Switzerland for the Autazes project in the Amazon, the region’s largest. …
Aldebaran suggests $1.5B to build Altar in Argentina
Aldebaran Resources (TSXV: ALDE; US-OTC: ADBRF) says an economic study due next month on its Altar copper-gold project in Argentina will contain a $1.5-billion (C$2.09-billion) construction figure. The preliminary economic…
Barrick’s Reko Diq in line for $410M financing
The Asian Development Bank (ADB) is to provide a $410-million (C$570-million) package to help build Barrick Mining’s (TSX: ABX; NYSE: B) Reko Diq copper-gold project in Pakistan, one of the…
Copper developer lands LA fund manager’s $140M
Blue Moon Metals (TSXV: MOON; US-OTC: BMOOF), a Vancouver-based junior advancing the Nussir copper project in Norway, has secured at least $140 million (C$194 million) in financing from Hartree Partners…
Viridis doubles REE tonnage in Brazil
Viridis Mining and Minerals (ASX: VMM) has unveiled an initial reserve estimate of more than 200 million tonnes at its Colossus ionic adsorbed clay project in Brazil, underpinning a potential high-grade rare…
Canada gets first bullet-proof steel plant
Canada is building its first plant to produce bullet-proof steel after a federal trade mission to Sweden inked a $100-million (US$72.2 million) deal. Ontario-based armoured vehicle maker Roshel and Swedish…
First Quantum restructures debt
First Quantum Minerals (TSX: FM) says it’s restructuring its debt to take advantage of favourable bond markets. On Tuesday, the copper producer issued an update to its 6.875% 2027 senior…
Metallium eyes $60B metals recycling market
Metallium (ASX: MTM; US-OTC: MTMCF) is advancing one of the first large-scale metals recovery plants in the United States to commissioning in December as it considers rolling out its modular…
Harmony Gold’s MAC Copper takeover OK’d
Harmony Gold’s (JSE: HAR; NYSE: HMY) acquisition of MAC Copper (NYSE: MTAL; ASX: MAC) has cleared the final regulatory hurdle after Australia’s Foreign Investment Review Board gave its approval of…
Osisko Devel. raises $203M for Cariboo project
Osisko Development (TSXV: ODV; NYSE: ODV) has closed a $203-million (C$280-million) bought deal private placement to help construct the Cariboo gold project in British Columbia. The amount adds to a $450-million…