B2Gold, AngloGold shelve Gramalote gold JV in Colombia
B2Gold (TSX: BTO; NYSE-AM: BTG) and AngloGold Ashanti (NYSE: AU; JSE: ANG;) have put their Gramalote gold joint venture in Colombia on hold. In a news release on Aug. 3,…
2022
Canadian mining star Ned Goodman passes
Canadian miners are mourning the passing of industry heavyweight Ned Goodman (1936-2022). Over more than 30 years, Goodman has made transformative and enduring contributions to Canada’s minerals industry and capital…
Imperial Metals’ Mount Polley restart faces budget shortfall; announces $45M financing
Imperial Metals (TSX: III) will secure additional funds for the restart of its Mount Polley mine by way of a convertible debenture financing totalling $45 million. The mine, which had…
TNM Drill Down: Top gold assays of the week July 29-Aug 4
TNM Drill Down, released every Monday, focuses on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence . Australia’s…
Uranium Energy sweetens bid for UEX
U.S.-based Uranium Energy Corp. (NYSE-AM: UEC) has trumped Denison Mines’ (TSX: DML) competing bid for Canada’s UEX Corp. (TSX: UEX) after sweetening its original bid. The revised offer gives each…
Oz Minerals rebuffs US$5.8B takeover bid from BHP
Australian copper producer OZ Minerals (ASX: OZL) rejected on Monday an unsolicited A$8.4 billion (US$5.8 billion) takeover bid from the world’s largest miner BHP (NYSE: BHP; LSE: BHP; ASX:BHP), stating…
JV Article: Silvercorp Metals has significant silver production, development, and exploration exposure
Silvercorp Metals (TSX: SVM; NYSE: SVM) is expanding its mining operations to meet the growing demand for silver used in the solar panels and wind technologies that are powering the transition…
Hundreds of new mines required to meet 2030 battery metals demand, finds IEA report
Global battery and minerals supply chains need to expand ten-fold to meet projected critical minerals needs by 2030, a report published by the International Energy Agency (IEA) has found. In…
Adventus finalizes US$55M Trafigura offtake for El Domo; looks to raise another US$40M in debt
Adventus Mining (TSXV: ADZN) has finalized a US$55-million offtake financing agreement with Trafigura for the construction of its 75%-owned El Domo-Curipamba copper-gold project in Ecuador. Of the total US$248-million estimated…
BeMetals lands US$5M loan from B2Gold
BeMetals (TSXV: BMET; OTC: BMTLF), which made its name in the gold sector by acquiring a portfolio of exploration projects in Japan, has announced a US$5-million loan from strategic investor…
Turquoise Hill flags US$200M cost increase at Oyu Tolgoi
Canada’s Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) flagged after markets closed on Thursday a US$200-million cost increase for the ongoing expansion of the massive Oyu Tolgoi copper-gold mine in…
Anglo American to appeal El Soldado project rejection
Anglo American (LSE: AAL) is planning to appeal a Chilean environmental commission’s rejection of its $40-million operational continuity project for El Soldado copper mine, 125 km north of the capital…