Kazakhstan to build on $1B in investments
Kazakhstan, the world’s largest uranium producer, wants to diversify its mining sector and build on $1 billion (C$1.4 billion) in private investment over the past five years, a conference in…
Stock Markets/Investing
Agnico lifts Foran stake but copper project costs jump
Canada’s Agnico Eagle (TSX, NYSE: AEM) is increasing its stake in Foran Mining (TSX: FOM) which is coping with increased capital costs for its McIlvenna Bay copper-zinc-gold-silver project in Saskatchewan. …
First Quantum mine closure sucks $1.7B from Panama
First Quantum Minerals (TSX: FM) says its shuttered copper mine in Panama would have contributed more than $1.7 billion (C$2.38 billion) to the Latin American nation’s economy had it remained…
Saudis enter rare earths with MP Materials deal
MP Materials (NYSE: MP) has signed a deal with Saudi Arabia’s state miner Ma’aden to develop a rare earths supply chain in the kingdom, covering everything from mining to magnet…
Vizsla to buy Mexican silver-gold project near Panuco
Vizsla Silver (TSX, NYSE: VZLA) said it agreed to buy the Santa Fe project in western Mexico, south of its Panuco silver-gold property, from a local investor. Shares jumped. Vancouver-based…
G2 reports near-surface gold at Peters project in Guyana
Canadian explorer G2 Goldfields (TSXV: GTWO; US-OTC: GUYGF) said early drilling at its Peters mine in northern Guyana showed significant widths of near-surface gold mineralization. Hole PDD1 cut 76 metres grading…
Aya Gold & Silver gains on record quarter
Aya Gold & Silver (TSX: AYA; OTCQX: AYASF) shares soared on Tuesday after the Canadian miner posted a record-breaking quarter, as well as new funding to support its growth in…
Patriot reveals North America’s largest shovel-ready lithium resource in Quebec
Patriot Battery Metals (TSX: PMET; ASX: PMT) has boosted the Shaakichiuwaanaan project’s resource estimate in Quebec ahead of publishing a scheduled feasibility study by September. The update shows a 30%…
Exxaro diversifies with $640M in manganese mines
South African coal miner Exxaro Resources (JSE: EXX) has struck a 11.7-billion rand (US$640 million) deal to acquire controlling stakes in two key manganese mines, marking a major step in…
Pan American signs $2.1B deal to buy MAG Silver
Pan American Silver (TSX, NYSE: PAAS) agreed to buy MAG Silver (TSX, NYSE: MAG) for about $2.1 billion in cash and stock to gain a stake in Mexico’s large-scale Juanicipio…
London’s biggest mining IPO since 2018 concerns cobalt
Metal investment company Cobalt Holdings is targeting June for an initial public offering (IPO) in what would potentially be the mining industry’s largest stock debut in London since before the…
Talon shares surge on ‘historic’ sulphide discovery
Rio Tinto (ASX: RIO)-backed Talon Metals (TSX: TLO) announced on Monday it has made a “historic” discovery at the Tamarack nickel-copper project in central Minnesota. Shares of the company hit…