Franco-Nevada buys Yanacocha gold mine royalty for US$210M
Royalty and streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) has agreed to pay Buenaventura up to US$235 million in cash and shares for a 1.8% net smelter return royalty (NSR)…
Copper
Escondida workers reject BHP offer that includes US$28,900 per-worker bonus
Workers at BHP‘s (NYSE: BHP; LSE: BHP; ASX: BHP) Escondida copper mine in Chile downed tools on Tuesday after wage negotiations ended up without and agreement between the parties, despite…
Navoi earmarks US$23M to expand Muruntau gold mine
Uzbekistan’s Navoi Mining and Metallurgical Co. is investing US$23 million to expand its flagship Muruntau gold mine in the country. Navoi is currently ranked as the fourth-largest gold mining company…
Ivanhoe Electric completes mineral rights buy at Santa Cruz copper project
Ivanhoe Electric (TSX: IE; NYSE-AM: IE) now has full ownership of the mineral rights at its Santa Cruz copper project in Arizona after making a $10-million payment. The mineral rights…
Western Copper rolls back Casino permitting plans to 2025
Western Copper and Gold (TSX: WRN; NYSE: WRN) is planning to delay the submission of a key environmental permitting document for its Casino project in Yukon in the wake of…
Arizona Sonoran Copper PEA quadruples Cactus project’s net present value
Company shares jumped 35% Thursday after a new preliminary economic assessment envisioning Arizona Sonoran Copper’s (TSX: ASCU; US-OTC: ASCUF) Cactus project as a standalone open-pit mine raised the net present…
US Strategic Metals lines up potential US$400M loan for Madison cobalt project
US Strategic Metals has lined up a potential loan package of up to US$400 million to redevelop the former Madison cobalt mine in Missouri. The Export-Import Bank of the United…
TSX, TSXV miners raise most cash in a decade
The amount of money raised for mining on Canada’s leading stock markets the TSX and its Venture Exchange jumped 62% in this year’s first half compared with 2023’s same period,…
Glencore scraps coal exit plan on investors’ pressure
Glencore (LSE: GLEN) followed shareholder opposition and scrapped on Wednesday plans to separate its coal division, which it had announced following its acquisition of assets last year from Teck Resources…
Video: Magna Mining starts bulk sampling at Crean Hill near Sudbury
Magna Mining (TSXV: NICU; US-OTC: MGMNF) is starting a 20,000-tonne bulk sampling program at its Crean Hill nickel project in Ontario’s Sudbury Basin for processing at Glencore’s (LSE: GLEN) Strathcona…
Top 10: Freeport-McMoRan, Southern Copper lead US miners in size, profits
Freeport-McMoRan (NYSE: FCX) and Southern Copper (NYSE: SCCO) top the list of U.S. mining companies by market capitalization and net income as two titans of the copper sector. Freeport-McMoRan is…
Glencore to pay US$152M in bribery case
Commodities giant was fined by Swiss authorities for not preventing a business partner from bribing a Congolese official in 2011.