Oil boosts risk of gold miner cost revisions: Jefferies
Elevated gold prices won’t be enough to help miners offset cost increases of as much as 9% if oil prices remain at current levels through the second half of 2026,…
Africa
Goldman slashes copper supply outlook as deficits widen
Goldman Sachs has cut its global copper mine-supply forecast by 350,000 tonnes, citing slower-than-expected recoveries at Freeport-McMoRan’s (NYSE: FCX) Grasberg mine in Indonesia and Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF)…
Awalé grows Charger outside new Odienné resource
Drilling by Awalé Resources (TSXV: ARIC; US-OTC: AWLRF) at its Newmont (TSX: NGT; NYSE: NEM) backed Odienné project in Côte d’Ivoire has extended high-grade gold at the Charger deposit outside…
Aya logs bonanza silver hits in Morocco
New drilling at Aya Gold & Silver’s (TSX, Nasdaq: AYA) Zgounder mine in Morocco yielded several bonanza hits near and below the limits of the current open pit. The standout…
Barrick weighs UK listing for African assets in $30B tie-up with Endeavour
Barrick Mining (TSX: ABX) (NYSE: B) is said to be weighing up a London listing for its African business, a move that may involve merging with Endeavour Mining (LON, TSX: EDV), Reuters…
How to dodge the Iran war
Soaring fuel and chemicals prices triggered by the war in the Middle East are pushing global miners to dig deep for creative solutions. Take the case of Marimaca Copper (TSX: MARI; ASX: MC2), which…
Petra Diamonds sidelines Finsch mine, cuts jobs
Petra Diamonds (LSE: PDL) is placing its Finsch mine into business rescue and cutting jobs across its South African operations as collapsing diamond prices and a strong rand threaten the…
Giyani Metals’ study shows leaner, pricier manganese project in Botswana
A feasibility study for Giyani Metals’ (TSXV: EMM) K. Hill open pit manganese project in Botswana outlines a much costlier operation and with lower value than in a previous economic…
CEO chat: Montage Gold expands West Africa footprint as Koné first pour nears
Côte d’Ivoire-focused Montage Gold (TSX: MAU; US-OTC: MAUTF) is digging deeper into West Africa as it expands exploration, even as Sahel tensions spur other Western miners to adapt to tougher…
Sovereign seeks $60M rare earth revenue from tailings in Malawi
Sovereign Metals (ASX: SVM; LSE-A: SVML; US-OTC: SVMLF) said Wednesday heavy rare earth-rich monazite confirmed in four planned pits at its Kasiya project in Malawi could open a third revenue…
China’s grip on lithium to hit 39% by 2030: WoodMac
Chinese companies are on track to control 39% of global lithium production by 2030 as they deepen investments across Africa, Australia and South America, tightening Beijing’s influence over battery supply…
Congo rebels want to sell critical minerals to US: report
The Rwanda-backed M23 Congolese rebel group is looking to sell critical minerals directly to the United States, The Economist reported. M23, which controls large swaths of the eastern Democratic Republic…