Ascot faces cash shortage, delays Premier restart
Ascot Resources (TSX: AOT, OTCQX: AOTVF) said on Wednesday that it will delay the restart of milling operations at its Premier gold project in British Columbia, which would place the…
Financing
Mining Indaba: ESG costs could derail African projects, study finds
Some African mining projects could be shelved by the high cost of meeting Western environmental, social and governance criteria, according to a recent study from South African bank Absa. African…
Mining Indaba: US trade aggression could stall African metals investment, widening supply gap
U.S. protectionism could stall mineral processing investment around the world as supply shortages threaten to squeeze markets, an industry conference heard Monday in Cape Town, South Africa. New trade measures…
Canada fires back with 25% tariffs of its own on American goods
Canada responded in kind to U.S. President Donald Trump’s 25% tariff on Canadian goods with the same levy on $155 billion of American products. Ottawa is also considering several non-tariff…
Resolute’s costs rise, output falls in Mali, Senegal
West Africa-focused gold producer Resolute Mining (ASX: RSG) forecasts reduced production and higher costs this year as its Mako mine in Senegal nears depletion and tax changes in Mali drive up…
AbraSilver raises $48.4M for Diablillos in Argentina
AbraSilver Resource (TSXV: ABRA) plans to raise nearly $49 million to fund the development of its Diablillos project in Argentina, which it predicts to be one of the world’s top…
Ontario OKs $90M to upgrade Ring of Fire region
Queen’s Park and Aroland First Nation have signed a multi-million-dollar agreement to plan a transmission line in the remote Ring of Fire area in the province’s north. The deal also…
Teck sees copper supply/demand win
Soaring demand for electric vehicles and power plants should support copper prices over the coming decades as supply constraints continue to plague the industry, Teck Resources (TSX: TECK.A, TECK.B; NYSE:…
VRIC: Copper majors are hunting for explorers
Despite the upheaval of a new Donald Trump presidency in the U.S., pundits at the Vancouver Resource Investment Conference held firm that the metal’s long-term future is as bright as…
Saudis to buy stake in Barrick’s Reko Diq: FT
Saudi Arabian mining fund Manara Minerals is set to buy a 10%-20% in the Reko Diq copper and gold project in Pakistan for about US$500 million to US$1 billion, the…
Teck allots up to US$3.9B to boost copper output
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), Canada’s largest diversified miner, plans to invest up to US$3.9 billion over the next four years to increase its copper production to about…
Barrick’s Reko Diq to generate US$74B over 37 years
Barrick Gold (NYSE: GOLD) (TSX: ABX) said on Monday its half-owned Reko Diq copper and gold project in Pakistan is projected to generate approximately US$74 billion in free cash flow…