Panama completes process of mining concession cancellations
The law was passed in November 2023 in response to the protests against First Quantum Minerals’ Cobre Panama new contract.
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Silvercorp diversifies into South America with $200M deal for Adventus
Silvercorp Metals (TSX: SVM; NYSE : SVM) is diversifying into South America with the acquisition of Adventus Mining (TSXV: ADZN; US-OTC: ADVZF) and its 75% interest in the El Domo…
Pan Am’s Big Mack grades approach Big Whopper in Ontario lithium plays
Pan American Energy (CSE: PNRG; US-OTC: PAANF) reported on Friday assays as high as 2.75% lithium oxide (Li2O) over 1 metre from its Big Mack project in northwestern Ontario, comparable…
Alpha drill results expand gold zones at Kerkasha project in Eritrea where Italians used to mine
Alpha Exploration (TSXV: ALEX) says drill results extend mineralization at the Kerkasha gold project in Eritrea with a double-digit grams assay. Drill hole ABRD113 cut 5 metres grading 11.03 grams gold per…
BHP offers to buy Anglo American for US$39B
BHP (LSE: BHP; NYSE: BHP; ASX: BHP) has made a tentative all-share offer valued at £31.1 billion (US$38.8 billion) to take over Anglo American (LSE: AAL) and become the world’s…
Miners struggle to finance projects even amid surging battery metal demand, IEA says in forecast
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.
Honda invests $15 billion in Ontario auto plants
Honda Motor is spending about $15 billion in Ontario to build four new vehicle and battery plants, the company and Prime Minister Justin Trudeau said on Thursday. Honda is to…
Newcore hikes Enchi gold project value 75% on higher forecast output, bullion price
Newcore Gold (TSXV: NCAU, US-OTC: NCAUF) shares jumped to a 12-month high Thursday after the company increased the net present value (NPV) of the Enchi gold project in Ghana by…
Teck copper output shoots up on QB mine, profit disappoints
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) saw its copper production jump by 74% in the first three months of the year, due mainly to the ramp up of the…
Lundin Gold becomes debt free with US$330M repayment to Newmont
Lundin Gold (TSX: LUG; US-OTC: LUGDF) has negotiated a deal with Newmont (TSX: NGT; NYSE: NEM) to buy out the stream credit facility and offtake agreement for its Fruta del…
Equinox Gold buys out Orion for almost US$1B as it readies Greenstone for first gold
Equinox Gold (TSX: EQX; NYSE-AM: EQX) is buying partner Orion Mine Finance’s 40% stake in their new Greenstone gold mine in Ontario for US$995 million in cash and shares as it…
Power Nickel earns 80% of Nisk project in Quebec, adds polymetallic zone
Power Nickel (TSXV: PNPN; US-OTC: PNPNF) increased its ownership of the Nisk project to 80% from Critical Elements Lithium (CRE: TSXV) and reported new drill results from a polymetallic zone. The…