Weak steel demand puts pressure on iron ore prices, BofA says
Bank of America warns weak steel demand will mean “further room to the downside” for iron ore prices. “In our view, with our base case of annual crude steel production…
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Royal Gold acquires Great Bear Royalties for $200M
Leading precious metals streaming company Royal Gold (NASDAQ: RGLD) has signed a definitive agreement to acquire all of the issued and outstanding shares of Great Bear Royalties (TSXV: GBRR) for…
Gold Fields offers higher dividends to win Yamana deal backing
South African miner Gold Fields (NYSE: GFI; JSE: GFI) promised an improved dividend policy and a Toronto Stock Exchange listing in a bid to win shareholders who have expressed reservations…
Eldorado Gold closer to restarting construction at Skouries in Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) is pushing ahead with pre-construction work at its Skouries gold-copper project in northern Greece, which was halted from 2017 to last year due to…
Northern Graphite completes PEA on Namibian operation; forecasts restart by mid-2023
Just two months after closing its acquisition of the Okanjande graphite deposit and Okorusu processing plant in Namibia, Northern Graphite (TSXV: NGC; US-OTC: NGPHF) has completed a preliminary economic assessment…
Ministers look to quicken energy transition shift, advance critical minerals strategy
Canada’s mining and energy ministers have stressed the need to accelerate the nation’s shift to clean energy systems and advance its critical minerals strategy as Russia’s invasion of Ukraine continues…
Chile helps Dominican Republic identify lithium deposits
Chilean experts from the mining ministry and the geology service Sernageomin met members of the Dominican Republic’s senate this week to outline terms of a cooperation agreement aimed at helping…
BHP loses appeal to multibillion lawsuit over Samarco disaster
BHP (ASX: BHP) said on Friday it had lost an appeal in a London court seeking to block an over £5 billion (US$6 billion-plus) lawsuit by 200,000 Brazilians over a…
Aya completes design for processing plant at Zgounder
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has reached the first milestone in its proposed expansion of the Zgounder silver mine operations in Morocco: the completion of front-end engineering design…
Labrador Gold’s shares gain on best grades cut at Kingsway to date
The Toronto-quoted equity of Labrador Gold (TSXV: LAB; US-OTCQX: NKOSF) closed 4% higher on Thursday after reporting the highest-grade intercepts to date from the flagship Kingsway project in Newfoundland. The…
Asante pours first gold at Bibiani mine in Ghana
Asante Gold (TSXV: ASE) has poured first gold at its Bibiani gold mine in Ghana. The mine is expected to produce 175,000 ounces of the precious metal over the next 12 months….
Moneta drills bonanza intercept at Tower project in Ontario
Moneta Gold (TSX: ME; US-OTC: MEAUF) has delivered new assay results from 12 drill holes totalling 6,266 metres. These were completed during exploration drilling on new targets at its Tower…