Iamgold closer to buying back 9.7% stake in Côté gold mine
Iamgold (TSX: IMG; NYSE: IAG) is a step closer to buying back the 9.7% interest in its Côté gold mine in Ontario from Sumitomo Metal Mining, after issuing a 60-day…
Sumitomo Metal Mining
Kenorland targets gold, lithium in first Ontario exploration program
Kenorland Minerals (TSXV: KLD) said Monday it has started exploration in northwestern Ontario’s Red Lake district and Wabigoon subprovince. The work involves multiple regional-scale surface exploration programs at its South…
Kenorland stock surges as Centerra Gold takes 9.9% stake
Centerra Gold (TSX: CG) is taking a 9.9% stake in Kenorland Minerals (TSXV: KLD; US-OTC: KLDCF), joining Sumitomo Metal Mining as one of the junior’s biggest investors. Centerra is acquiring the…
Ontario’s newest gold mine, Côté, to start production next month, Iamgold says
Iamgold‘s (TSX: IMG; NYSE: IAG) 60%-owned Côté gold mine, in Sudbury, Ont., is set to enter production in March, the company said on Thursday. The project entered 2023 with construction about 64%…
Sumitomo Metals backs Teck’s split plan
Japan’s Sumitomo Metal Mining confirmed on Thursday its support for Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) planned spinoff into two companies in the face of an alternative proposal from Glencore…
Pandemic, inflation contribute to 90% cost rise at Iamgold’s Côté project
Iamgold (TSX: IMG; NYSE: IAG) has revealed a costs blowout at its massive Côté gold project in Ontario, with preliminary estimates from an ongoing risk analysis indicating that development of…
South32 completes Sierra Gorda stake buy
South32 (LSE: S32; ASX: S32; JSE: S32) has completed the acquisition of a 45% stake in the Sierra Gorda copper mine in Chile from Japan’s Sumitomo Metal Mining and Sumitomo…
South32 locks 45% stake in Sierra Gorda copper mine
South32 (LSE: S32; ASX: S32; JSE: S32) says it will proceed with the acquisition of a 45% stake in the Sierra Gorda copper mine in Chile, as project partner KGHM…
Sumitomo makes strategic investment in Kenorland Minerals
With the news of Sumitomo becoming a significant shareholder, shares of Kenorland Minerals surged.
Appetite for ‘green energy metals’ drives deals
Demand for ‘green energy’ metals like copper, nickel, lithium, and cobalt has risen sharply, driven by the global move to lower carbon emissions and electric vehicle makers chasing battery ingredients….
South32 buys stake in KGHM Chilean mine for about US$1.55B
Australia’s South32 (LSE: S32; ASX: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH) for US$1.55 billion in cash…
JV Article: The creation of a new Canadian gold miner
Emerging Canadian junior Goldshore Resources ticks all the boxes to be a highly successful gold exploration and development company, says Brett Richards, Goldshore’s president and CEO. Goldshore has assembled a…