Montage Gold gains on Lundin-backed financing
Montage Gold (TSXV: MAU; US-OTC: MAUTF) hired a new CEO and nearly doubled a Lundin Group-backed stock offering to fund the US$712 million Koné gold project in Côte d’Ivoire. Toronto-based…
News
Sibanye-Stillwater to cut 2,600 jobs in South Africa
The precious metals producer kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.
What to expect in 2024 after diamond sector’s price plunge
It’s been a tough ride for the diamonds sector since rough prices hit an all-time high in the first quarter of 2022. Last year rough prices fell 15-20% according to…
Zijin to expand Tibet copper mine expected to be world’s largest
China’s Zijin Mining Group announced on Friday that is going ahead with the second phase of a major expansion at its Julong copper project in Tibet, after receiving government approval. The…
Newmont to sell mines in Canada, Australia after Newcrest buy
Newmont (TSX: NGT; NYSE: NEM) says it plans to sell six inessential assets including mines in Quebec, Ontario, the Yukon and Western Australia to cut debt. The list contains the…
Iron ore boom of the 2000s repeating – this time with critical metals
A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.” That company was called Allied Mining and…
Anglo American to produce iron ore from Vale’s deposit in Brazil
The miners have signed an agreement to integrate the Serra da Serpentina deposit into the Minas-Rio iron ore complex.
Surge Battery declares highest-grade lithium clay resource in US
Surge Battery Metals (TSXV: NILI; US-OTC: NILIF) says its main lithium project in Nevada holds the highest-grade U.S. clay resource. The shares jumped. The initial resource for the Nevada North…
Teck hits record copper production on Quebrada Blanca ramp-up
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) beat profit estimates for the fourth quarter of 2023 on the back of higher steelmaking coal sales, record copper production and strong prices…
BC does about-face on proposed Land Act changes
British Columbia announced on Wednesday it will not proceed with proposed amendments to the Land Act that observers say would have granted Indigenous groups more power over mining leases issued…
Why uranium above US$100 per lb. is ‘sustainable’ — and likely headed higher
Mining analyst David Talbot began covering the uranium sector in June 2007 – the same month uranium prices reached their all-time high of US$136 per lb., then rapidly retreated. Prices…
Red Cloud’s Talbot shares his top uranium picks
With investors flocking into the uranium space over the past year as the spot price has doubled, we asked David Talbot, Red Cloud Securities managing director and head of equity…