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…
Stock Markets/Investing
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…
Rio Tinto to invest $2.5B to expand Rincon lithium project in Argentina
Rincon is the company’s first commercial-scale lithium operation.
Satellite data analysis shows copper smelting activity surged in November
Global copper smelting last month reached its highest level since February, according to a report released Wednesday that tracks smelter inactivity. Average smelter inactivity fell 2.7% from October to 13.4%…
Jaguar Mining stock plunges after tailings pile slump forces mine shutdown
Shares of Jaguar Mining (TSX: JAG) plummeted after the Canadian gold miner said Monday it was temporarily shutting its Turmalina mine in Brazil after a nearby tailings pile failure. Jaguar…
Centerra backs Dryden Gold with $3.4M for 9.9% stake
Ontario-focused Dryden Gold (TSXV: DRY; USOTC: DRYGF) received a boost on Tuesday after it said Centerra Gold (TSX: CG; NYSE: CGAU) will be taking up a 9.9% equity stake in…
London Symposium: Rule, Roosen call for smarter junior mining investment
“No one ever won the Kentucky Derby with the best jockey on a donkey,” Osisko Development (TSXV: ODV; NYSE: ODV) founder and CEO Sean Roosen told an industry event last…
GoviEx initiates arbitration against Niger in uranium permit dispute
GoviEx Uranium (TSXV: GXU; USOTC: GVXXF) is going to arbitration with Niger for revoking its permit on the feasibility-stage Madaouéla project, one of the world’s largest uranium developments. Niger’s military…
Germany to backstop Savannah’s spodumene lithium project in Portugal
Germany’s export credit agency Euler Hermes has signed a non-binding letter of interest for a project finance loan guarantee of up to US$270 million for Savannah Resources (LSE: SAV) to…
Torex Gold plunges after gas leak kills three at Mexican underground mine
Torex Gold Resources (TSX: TXG) says a fatal carbon monoxide gas leak at its El Limón Guajes (ELG) underground mine in Guerrero state, Mexico has claimed the lives of three…