SW US Spotlight 2: Rio, Teck, Newmont back juniors
Three major miners are backing junior explorers advancing copper projects in the U.S. Southwest, while a fourth company is pushing to become a domestic antimony and gold producer. Teck Resources…
Stock Markets/Investing
Power Metallic CEO sees low costs despite lower first tonnage at Lion in Quebec
Power Metallic Mines (TSXV: PNPN; US-OTC: PNPNF) CEO Terry Lynch says the first resource at its Lion polymetallic deposit in Quebec came in lighter than expected, but development costs should…
Marimaca hits thick copper-silver zone at Pampa Medina in Chile
Marimaca Copper (TSX: MARI; ASX: MC2) has cut 216 metres grading nearly 1% copper at Pampa Medina in Chile’s Antofagasta Region while step-out drilling pushed the copper-silver system 300 metres…
SW US Spotlight: Four juniors drill gold, tungsten
Four juniors are advancing gold, silver and tungsten projects across Nevada and Arizona, ranging from early-stage drilling to a prefeasibility-stage development backed by the U.S. government. A2 Gold (TSXV: AUAU;…
Vale shelves base metals IPO: Globe
Vale (NYSE: VALE) has shelved plans for an initial public offering of its critical-minerals subsidiary Vale Base Metals (VBM) amid political opposition in Brazil to potentially losing control over strategic…
Investors buoy gold price as central banks slow
Central-bank gold buying fell by more than half in July even as bullion stayed near record highs, suggesting investment demand is taking on a bigger role in supporting the market….
Baowu eyes stake in BHP’s Jimblebar mine: Reuters
China Baowu Steel Group is exploring an investment in BHP’s (ASX, LSE, NYSE: BHP) Jimblebar iron ore operation in Western Australia, according to people familiar with the discussions cited by…
SW US CEO chat: Ivanhoe Electric maps $1B debt path for Arizona copper project
Ivanhoe Electric (NYSE-A, TSX: IE) CEO Taylor Melvin says the company aims to secure more than $1 billion in U.S.-backed debt as it starts early construction at its Santa Cruz…
Dutch slash New York gold in crisis shift
The Netherlands’ central bank has transferred 86 tonnes of gold from North America to London, cutting the share of its bullion held in New York to 19% from 31% as…
Strike to begin at Sibanye-Stillwater’s US operations
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) faces a strike at its Stillwater East mine and Columbus metallurgical complex in Montana after more than four months of contract negotiations failed to produce…
Faraday drilling boosts Arizona copper cathode case
Faraday Copper (TSX: FDY; US-OTC: CPPKF) says drilling at its Copper Creek project in Arizona has expanded shallow oxide and sulphide mineralization, strengthening the case for future copper cathode production…
Gem Diamonds rebounds as big stones lift profit
Gem Diamonds (LSE: GEMD) swung back to profit in the first half of the year as stronger prices for large diamonds from the Letšeng mine in Lesotho and cost reductions…