Hudbay holds firm on Peru, even as focus turns to North America
Hudbay Minerals (TSX: HBM; NYSE: HBM) says it wants to maintain its long-term exposure to politically volatile Peru as its short-term focus turns, for the time being, to completing an…
Copper
Marimaca Copper’s resource revamp lobs it into the ‘globally significant’ arena, says CEO
Marimaca Copper (TSX: MARI) has reported a 44% lift in measured and indicated resources at its Marimaca Oxide Deposit (MOD) in Chile that will underpin an expanded operation in an…
TNM Symposiums return with industry leaders’ insights on geopolitical shifts in mining
TNM Symposiums are back in North America for the first time since before the pandemic, and they couldn’t come at a better time for investors. Geopolitics are now shaping…
Metallic Minerals nets $6.3M investment from Newcrest for La Plata
Australia’s Newcrest Mining (TSX: NCM; ASX: NCM) has invested $6.3 million in Metallic Minerals (TSXV: MMG) for a 9.5% equity stake in the company. The proceeds will help advance Metallic Minerals’…
Pembridge Resources in trading halt as it seeks liquidation
The trading of Pembridge Resources’ shares (LSE: PERE) came to a halt on Thursday after the embattled miner said the board had decided to place the firm into creditors’ voluntary…
Miners in Chile to pay more taxes as long-awaited reform approved
Chilean lawmakers have approved an amended mining royalty bill, in the works for almost two years, which will make companies operating in the country pay more taxes and royalties to…
New Tesla low-voltage system a ‘big deal’ for copper, says Musk
In front of an audience of investors, Tesla CEO Elon Musk made a presentation that was full of optimism during the 2023 Tesla shareholder meeting. Musk said the company is…
Discovery-geared Collective pries more porphyry secrets from Guayabales
Since going public in May 2021, Colombia-focused Collective Mining (TSXV: CNL) has made four notable discoveries, including the Apollo high-grade porphyry system last June. Its share price has reflected its…
Wheaton adds Lumina’s Cangrejos project gold stream
Wheaton Precious Metals (TSX: WPM; NYSE: WPM) is adding a gold stream from Lumina Gold’s (TSXV: LUM) flagship Cangrejos project to its portfolio of assets, in a deal worth US$300…
First Quantum launches US$1B debt offering
First Quantum Minerals (TSX: FM) is offering US$1 billion in senior notes to repay existing loans and redeem previously issued notes. First Quantum’s stock was up 1.2% by 11:30 a.m….
Osisko cofounder Wares praises private equity, scolds debt financiers, nips NIMBYism
Osisko Metals (TSX: OM; US-OTC: OMZNF) is part of a rising trend tapping private equity to help build projects, but it’s wary of the growing role of “predatory” debt financing. …
Chile to negotiate with lithium partners on case-by-case basis, says mining minister
Chile’s mining minister Marcela Hernando clarified the country had announced a strategy, not a policy.