Perseus Mining becomes sole owner of Orca Gold in $198M deal
Australian gold producer Perseus Mining (TSX: PRU; ASX: PRU) is buying the shares it doesn’t already own in Africa-focused Orca Gold (TSXV: ORG) in an all-stock deal worth $198 million…
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BHP invests $100M in South America-focused Filo Mining
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), which has been expanding its copper footprint, will invest $100 million (US$79 million) in Filo Mining (TSX: FIL). The Canadian junior is developing…
Lundin Gold posts strong results at Fruta del Norte; aims to find new ‘buried’ systems in Ecuador
From buying two 20-foot containers filled with PlayStations to entertain workers in isolation to conducting thousands of polymerase chain reaction (PCR) tests, Lundin Gold (TSX: LUG) took an array of…
South America Snapshot: Eight companies exploring and developing new mines
The need for battery metals is propelling many projects in resource-rich South America, but gold and silver projects retain their appeal, too. BEAR CREEK MINING The Corani silver-zinc-lead project in…
Strong diamond demand boosts Lucara revenue, Petra sales
Petra Diamonds (LSE: PDL) and Lucara Diamond (TSX: LUC) added evidence today that the global market has returned to pre-pandemic levels after posting a sharp increase in sales and revenue…
Shares of Russia-focused miners collapse on Ukraine invasion
Shares in mining companies with operations in Russia were among the first to feel the impact of Moscow’s wide-ranging attack on Ukraine on Thursday, while oil topped US$105 a barrel…
United States suspends Alaska’s mining road approved during Trump-era
The United States Interior Department has filed a brief in Alaska’s district court to suspend the development of a 340 km road leading to Alaska’s Ambler mining district, since it…
Makuch hands over Agnico Eagle reins
A little more than two weeks following the closure of the US$10 billion merger of Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold, Agnico’s new CEO Tony…
Anglo American posts record profit, more than triples payout
Anglo American (LSE: AAL) joined a growing list of miners that have delivered record profits this week, with full year earnings of US$20.6 billion and a US$2.1-billion final dividend, on…
Artemis secures US$360M project financing for Blackwater
Artemis Gold (TSXV: ARTG) has secured project debt financing that will fund a significant part of its Blackwater project in central British Columbia. This has been done through a credit-approved…
Electra partners with Glencore, Talon and Ontario government on battery materials park study
Electra Battery Materials (TSXV: ELBM; US-OTC: ELBMF) is partnering with Glencore (LSE: GLEN), Talon Metals (TSX: TLO) and the Government of Ontario to assess the potential of creating a battery…
Aldebaran CEO hopes Altar copper project in Argentina can be the next Haquira
What started off as a discussion over a “beer night” in Santiago, Chile, half a decade ago, has turned out to be John Black’s next big sales target. The CEO…