Perseus Mining becomes sole owner of Orca Gold in $198M deal
Australian gold producer Perseus Mining (TSX: PRU; ASX: PRU) is buying the shares it doesn’t already own in Africa-focused Orca Gold (TSXV: ORG) in an all-stock deal worth $198 million…
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BHP invests $100M in South America-focused Filo Mining
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), which has been expanding its copper footprint, will invest $100 million (US$79 million) in Filo Mining (TSX: FIL). The Canadian junior is developing…
TSX rises during the Feb. 21-25 trading week
The S&P/TSX Composite Index rose 198.18 points or 0.93% to 21,106 during the Feb. 21-25 trading week. The S&P/TSX Global Mining Index increased 1.61 points or 1.38% to 116.53 and…
TSX Venture climbs during the Feb. 21-25 trading week
The S&P/TSX Venture Exchange rose 7.52 points or 0.899% to 836.21. Spot gold fell US$9.65 per oz. or 0.51% to US$1,884.80 per ounce. Shares of Focus Graphite fell 1¢ to…
US markets move higher during the Feb 21-25 trading week
The Dow Jones Industrial Average rose 462.14 points or 1.35% to 34,058.75 and the S&P 500 rose 79.89 points or 1.82% to 4,384.65. Spot gold fell US$9.65 per oz. or…
Lundin Gold posts strong results at Fruta del Norte; aims to find new ‘buried’ systems in Ecuador
From buying two 20-foot containers filled with PlayStations to entertain workers in isolation to conducting thousands of polymerase chain reaction (PCR) tests, Lundin Gold (TSX: LUG) took an array of…
South America Snapshot: Eight companies exploring and developing new mines
The need for battery metals is propelling many projects in resource-rich South America, but gold and silver projects retain their appeal, too. BEAR CREEK MINING The Corani silver-zinc-lead project in…
Strong diamond demand boosts Lucara revenue, Petra sales
Petra Diamonds (LSE: PDL) and Lucara Diamond (TSX: LUC) added evidence today that the global market has returned to pre-pandemic levels after posting a sharp increase in sales and revenue…
Shares of Russia-focused miners collapse on Ukraine invasion
Shares in mining companies with operations in Russia were among the first to feel the impact of Moscow’s wide-ranging attack on Ukraine on Thursday, while oil topped US$105 a barrel…
United States suspends Alaska’s mining road approved during Trump-era
The United States Interior Department has filed a brief in Alaska’s district court to suspend the development of a 340 km road leading to Alaska’s Ambler mining district, since it…
Makuch hands over Agnico Eagle reins
A little more than two weeks following the closure of the US$10 billion merger of Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold, Agnico’s new CEO Tony…
Anglo American posts record profit, more than triples payout
Anglo American (LSE: AAL) joined a growing list of miners that have delivered record profits this week, with full year earnings of US$20.6 billion and a US$2.1-billion final dividend, on…