OceanaGold forecasts similar production, slightly higher costs
OceanaGold (TSX: OGC; ASX: OGC) says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 oz. of gold and 14,000 to…
Copper
Casa poised to progress Keaper and Pitman polymetallic projects
Casa Minerals (TSXV: CASA) has optioned its Keaper polymetallic project — 15 km northeast of Terrace, B.C., less than 5 km from the company’s flagship Pitman polymetallic project — to…
Glencore expects higher copper production in 2019
Commodities giant Glencore (LON: GLEN) has reported production figures for 2018 and confirmed 2019 guidance that implies a 14%-year-on-year increase in copper-equivalent production. Copper production reached 1.45 million tonnes in…
Lumina confirms deposit at Gran Bestia
Lumina Gold (TSXV: LUM; US-OTC: LMGDF) has announced drill results from the Gran Bestia zone at its Cangrejos gold project in Ecuador that, along with drilling by the property’s previous…
AME Roundup: Rio Tinto on the lookout for BC porphyry deposits
VANCOUVER — British Columbia is known for its coal and copper-gold deposits, with a storied history of mining all three commodities. Now the second largest mining company in the world…
Ivanhoe drills Kamoa-Kakula’s best intersection to date
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has drilled what it’s calling an “unprecedented” intersection in a shallow, flat lying deposit at the Kamoa North exploration area on its 397-sq.-km Kamoa-Kakula…
US markets rise, Jan. 21-25: Yamana, Iamgold and Freeport McMoRan
The gold price rose 1.66% to US$1,302.60. The Philadelphia Gold and Silver Index rose 4% to 71.17, and the Dow Jones Industrial Average rose 0.12% to 24,737.20. The S&P 500…
TSX posts marginal gain, Jan. 21-25: Royal Nickel, Endeavour Mining, SSR and Barrick
The S&P/TSX Composite Index rose 0.41% to 15,366.05. The S&P/TSX Global Mining Index gained 1.71% to 68.54, while the S&P/TSX Global Base Metals Index fell 1.03% to 107.44. Spot gold…
Antofagasta posts record copper production
Antofagasta (LON: ANTO) set a new record last year with group copper production of 725,300 tonnes, and the company expects it will produce 750,000-790,000 tonnes of the red metal this…
Balmoral finds nickel zones at Grasset
Balmoral Resources (TSX: BAR; US-OTC: BALMF) has found several nickel sulphide zones in the central part of its Grasset ultramafic complex in Quebec after drilling the area during its late…
Slower growth weighs on base metals but constructive for gold, CIBC says
The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher,…
Turquoise Hill production guidance levels off in 2019
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ)…