Petra Diamonds cuts forecasts, jobs amid market weakness, softer prices
Petra’s sales revenue for the third tender fell 7% to $71 million, bringing year-to-date revenue to $146 million, down from $188 million last year.
Stock Markets/Investing
Foran conditionally approved for $20M gov’t funding for McIlvenna Bay infrastructure
Foran Mining (TSX: FOM; US-OTC: FMCXF) has conditional Energy and Natural Resources Ministry (NRCan) approval for up to $20 million in support of clean energy infrastructure at its McIlvenna Bay…
London Symposium Video: Rick Rule predicts soaring gold prices amid US fiscal imbalance
Veteran resource investor Rick Rule foresees a significant surge in gold prices, citing the unsustainable fiscal path of the United States, he told an industry event in London. Rule pointed…
London Symposium JV Video: Purepoint targets high-grade discoveries with Athabasca Basin partnerships
Purepoint Uranium (TSXV: PTU) plans an aggressive exploration strategy in the Athabasca Basin, host to the world’s highest-grade uranium deposits, an industry event heard in London. The company spent US$10…
Arcadium Lithium investors sue it for negligence over US$6.7B Rio Tinto takeover
Arcadium Lithium (NYSE: ALTM; ASX: LTM) is facing legal challenges after shareholders filed lawsuits alleging misrepresentation and negligence linked to Rio Tinto’s (ASX, LON, NYSE: RIO) US$6.7-billion takeover. Philadelphia-based Arcadium…
Skeena’s Eskay Creek bulk sample permit unlocks US$200M in gold project funding
Skeena Resources (TSX: SKE; NYSE: SKE) can proceed with a 10,000-tonne bulk sample and infrastructure construction at its Eskay Creek gold project in northwestern British Columbia under a new permit that…
Brazilian authorities shut Jaguar mine after tailings slide
Local labour officials shut Jaguar Mining‘s (TSX: JAG) Turmalina gold mine in Brazil due to safety risks stemming from a recent tailings pile collapse. The mine—part of Jaguar’s MTL complex…
Miners navigate high risks, ransoms in West Africa
Mali’s military government is trying to arrest the CEO of the world’s second-largest gold company while the junta in Niger has tightened its stranglehold on a French state-owned uranium mine….
Sierra Metals shares jump on takeover offer from Peruvian firm
Alpayana SAC, a private Peruvian mining company, said Friday it would bypass Sierra Metals‘ (TSX: SMT) board and make a direct, all-cash offer of 85¢ per share to shareholders. The…
Norge Mining buys Europe’s largest natural graphite producer
Skaland mine is the world’s highest-grade, operating flake graphite mine and the fourth-largest graphite mine outside China.
Court approves $105M borrowing to fund Yukon Eagle mine cleanup
A court has raised PricewaterhouseCoopers’ (PwC) borrowing limit to $105 million to fund the cleanup of Victoria Gold’s Eagle mine in Yukon as costs are said to range from $100…
Unrest pushes Syrah Resources to declare ‘force majeure’ at Mozambique graphite mine
Allegations of fraud in Mozambique’s general elections in early October have ignited protests and paralyzed mining operations across the country, including Syrah Resources’ (ASX: SYR) Balama graphite operation in the…