JP Morgan sees $5.50 copper, deficit worsening
J.P. Morgan has raised its long-term copper price forecast by 9.1% due to widening structural supply deficits and sharply higher capital costs that will require massive investment in new mine…
Financing
Ascot rebrands under new CEO to restart troubled Premier gold mine in BC
Ascot Resources (TSXV: AOT.H) plans to rebrand in a fresh start under new leadership to advance two projects in British Columbia including what was once the continent’s biggest gold mine. …
Australia’s St Barbara unveils bold Canadian push
Australia’s St Barbara (ASX: SBM) has unveiled an aggressive exploration strategy in Nova Scotia, Canada, as it advances plans to redevelop its 15-Mile open pit gold mine and processing hub…
First Quantum credit outlook improves on Cobre Panama progress, S&P says
S&P Global Ratings revised First Quantum Minerals’ (TSX: FM) outlook to positive from negative on Tuesday, citing progress toward restarting its Cobre Panama copper mine and stronger liquidity management. While…
Indaba: Mining must be ‘champion’ in fragmented world, Anglo’s Wanblad says
The global mining industry faces its most consequential moment in generations as critical minerals move to the centre of economic and security policy, Anglo American (LSE: AAL; JSE: AGL) CEO…
PMET to raise $130M for Quebec lithium exploration
Canadian mine developer PMET Resources (TSX: PMET; US-OTC: PMETF) is raising up to $130 million (US$96 million) to fund exploration and development work at its Shaakichiuwaanaan lithium project in northern…
Ares restarts US fluorspar output after Pentagon deal
Ares Strategic Mining (CSE: ARS; US-OTC: ARSMF) said it has restarted the Lost Sheep fluorspar mine in Utah after landing a major U.S. government contract to supply the obscure mineral…
Midnight Sun rises on Zambia-DRC copper district where superpowers converge
Canadian explorer Midnight Sun Mining (TSX-V: MMA; US-OTC: MDNGF) just released an initial resource in the heart of the Zambian-Congo Copperbelt, an area that’s attracting Cold War-style financing competition to speed the record-price red metal to market. The junior reported Jan. 20 that…
Resolute secures Doropo gold mine OK in Côte d’Ivoire
Resolute Mining (ASX: RSG) has secured a 14-year mining permit for its Doropo gold project in Côte d’Ivoire, clearing the final regulatory hurdle to develop the mine and lift the…
Utah rare earths developer Ionic eyes 2027 IPO
Rare earths developer Ionic Mineral Technologies is said to be considering an initial public offering as it prepares to release a new study on the Silicon Ridge project in Utah. …
Cornish Metals offered $225M in US funding
Cornish Metals (AIM: TIN) has been tapped by the U.S. government for potential funding to restart a British tin mine that’s been idle for decades. On Thursday, the UK-based tin…
Alamos targets 1M oz in gold output by 2030
Alamos Gold (TSX, NYSE: AGI) predicted annual output will climb 46% by 2028 as expansion work at Ontario’s Island Gold District bears fruit and costs decrease. The stock rose. Gold…