U.S. markets gain momentum during June 26-30 trading week
The Dow Jones Industrial Average rose 692.9 points or 2% to 34,407.6 and the S&P 500 gained 121.6 points or 2.8% to 4,450.4 during the June 26-30 trading week. Franco-Nevada…
2023
Australian lithium M&A heats up with Develop Global’s bid for Essential Metals
Australian base metals explorer Develop Global (ASX: DVP) is buying coveted fellow lithium developer Essential Metals (ASX: ESS) in a share-based deal worth about US$102 million (A$152.6 million). The buyer, a…
Lucapa Diamond achieves debt-free status
Australia’s Lucapa Diamond (ASX: LOM) said on Tuesday it had fully repaid all interest-bearing loans that it borrowed from gold company Equigold and the Industrial Development Corp. of South Africa (IDC). The company,…
Glencore offers to buy rest of PolyMet for US$71M
Mining and commodities giant Glencore (LSE: GLEN) has offered PolyMet Mining (TSX: POM; NYSE: PLM) to buy the company’s shares it does not already own for US$2.11 in cash each,…
TNM Drill Down: Ora tops weeks gold assays at Garden Gully
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our data provider…
Canada’s Top Ten: Barrick leads this year’s list of miners by market cap
Barrick Gold (TSX: ABX; NYSE: GOLD) returned as Canada’s largest mining company on the Toronto Stock Exchange, displacing last year’s leader Nutrien (TSX: NTR), which plummeted in market value by…
Site visit: Tonopah primed for mining renaissance as precious metals attract prospectors
In the dimly lit Jack Dempsey dinner hall of the 1906 Mizpah Hotel in Tonopah, Nev., a group of miners, financiers, analysts and the media recently convened to explore the…
Canada’s Top Ten precious metals juniors
The following companies are the Top Ten Canadian-headquartered precious metal juniors that are developing projects, ranked according to market capitalization as of June 1 and compiled by Mining Intelligence. Royalty…
Pentagon ordered to probe undersea mining to counter China’s battery metal dominance
The Metals Company (Nasdaq: TMC), a mineral explorer of the Pacific Ocean floor, is welcoming United States Congressional efforts to elevate contentious undersea mining to help achieve battery metal independence…
Galiano Gold to resume mining in Q4 at Ghana’s Asanko
Galiano Gold (TSX: GAU) is on track to resume hard-rock mining operations at the Asanko gold mine (AGM) in Ghana in the fourth quarter following the award of a mining…
Endeavour sells non-core Burkina Faso mines as it reportedly hunts for other assets
Endeavour Mining (TSX: EDV; LSE: EDV) said Friday it had sold its 90% interests in the Boungou and Wahgnion gold mines in Burkina Faso for about US$300 million, as part…
Mining megatrends create industry meta-crisis, says Newmont CEO
Tom Palmer, CEO of top global gold producer Newmont (NYSE: NGT; TSX: NEM), is monitoring three industry megatrends, which, if left unchecked, could simultaneously animate, interact with, and reinforce one…