AngloGold closer to production in Nevada with Corvus takeover
South Africa’s AngloGold Ashanti (NYSE: AU; JSE: ANG) expects to start producing gold in Nevada, U.S., by 2025 at the latest, as the company officially took over Canada’s Corvus Gold…
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First Quantum agrees to pay US$375M a year in royalties to Panama
First Quantum Minerals (TSX: FM) has reached a deal with Panama’s government to increase royalty payments at the giant Cobre Panama copper mine, the company’s flagship operation. The Canadian miner’s…
Key insights from the inaugural Future Minerals Forum in Riyadh
Saudi Arabia is one of the world’s oil powerhouses, boasting the second-largest proven reserve of the slick stuff. Still, as the inaugural Future Minerals Forum recently held in Riyadh heard,…
Kirkland Lake hits production record ahead of merger with Agnico
Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) ended its final quarter before its combination with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) on a high note – with record production of 380,470 oz. gold achieved across…
The View from England: Arabian call to action at Future Minerals Forum
A mining conference without alcohol, and at which many delegates left when Mark Bristow and Robert Friedland took to the stage. You wouldn’t think such an event was likely to…
Saudi Arabia hosts minerals forum; aims to become global mining hub
Saudi Arabia hosted its first ever Future Minerals Forum from 11 to 13 January in its capital Riyadh, to provide insight into the Kingdom’s mining potential and address concerns about…
TSX rises during the Jan. 10-14 trading week
The S&P/TSX Composite Index rose 273.1 points or 1.30% to finish the Jan. 10-14 trading week at 21,357.60. The S&P/TSX Global Mining Index gained 3.12 points or 2.98% to 107.81…
US markets fall during the Jan. 10-14 trading week
The Dow Jones Industrial Average fell 319.85 points or 0.88% to 35,911.81 and the S&P 500 dropped 14.18 points or 0.30% to 4,662.85. Spot gold climbed US$21.10 per oz. or…
TSX Venture falls during the Jan 10-14 trading week
The S&P/TSX Venture Exchange fell 8.47 points or 0.93% to 902.99. Spot gold rose US$21.10 per oz. or 1.17% to US$1,818.10 per ounce. Shares of Nouveau Monde Graphite rose 99¢ to $10.47. The company appointed Bernard…
First Quantum could face higher tax and royalty payments in Panama
First Quantum Minerals (TSX: FM) may have to pay more tax and an annual royalty payment that is eight times higher than the current one for their Cobre Panama copper mine in Panama as the company continues to negotiate a new contract…
From EV pickups to sedans, miners can bank on bright future
On January 5, General Motors CEO Mary Barra unveiled the Chevrolet Silverado electric pick-up truck at CES 2022, one of the most influential technology conferences in the world. The full-size…
Sibanye-Stillwater faces strike at S. African gold mines
South Africa’s long-divided mining unions have scored a win since forging a united front against the industry’s largest employer as the country’s labour arbitration body has cleared them to strike following…