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…
Financing
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…
Will Indonesia shut the nickel spigot to spur prices?
Indonesia’s clout in the global nickel market rivals OPEC’s in oil. The Southeast Asian nation — an archipelago of more than 17,000 islands straddling the Indian and Pacific oceans —…
Standard Lithium, Equinor secure US$225M to develop Arkansas project
Standard Lithium (TSXV: SLI) announced on Thursday that it has closed a US$225-million grant from the U.S. Department of Energy to to support the stage-one construction of the South West…
Antofagasta misses copper target, keeps guidance
Chilean miner Antofagasta (LSE: ANTO) reported on Thursday that its copper production for 2024 fell below company expectations, despite exceeding its total output for the previous year. The company, Chile’s…
Biden signs order to power-up AI infrastructure
U.S. President Joe Biden issued an executive order Tuesday to support the development of the country’s artificial intelligence infrastructure and meet the enormous energy requirements from AI data centres in…