Lucara finds world’s 2nd largest diamond ever mined
Canada’s Lucara Diamond (TSX: LUC), has dug up a 2,492-carat diamond from its prolific Karowe mine in Botswana, the world’s second-largest stone ever mined by size. The “epic” diamond, as…
Africa
Heavy rains to threaten 25% of world’s copper projects by 2050
Copper extraction is crucial to the energy transition, but a quarter of sites mining the metal face a rising threat from the impacts of climate change by mid-century, according to…
Electra surges on US$20M Washington funding for Ontario cobalt refinery
Electra Battery Materials’ (TSX-V: ELBM; NASDAQ: ELBM) shares jumped 40% Monday on news it received US$20 million from the United States’ Department of Defense (DoD) to help develop its cobalt…
Ivanhoe’s giant Kamoa-Kakula hits stage 3 commercial copper production in Congo
Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) Kamoa-Kakula copper mine, the world’s third-largest, has reached stage three commercial production in the Democratic Republic of Congo (DRC), the company said Monday. The…
Video: Aurania pivots from Ecuador to Europe
Aurania Resources (TSXV: ARU; US-OTC: AUIF), led by a key member of the Aurelian Resources team that discovered the rich Fruta del Norte gold mine in Ecuador, is turning away…
Video: EMX Royalty touts record cash flows as portfolio matures
EMX Royalty (TSXV: EMX; NYSE-AM: EMX) has changed from prospect generator to cash generator, reporting a record US$37 million in revenue last year, CEO David Cole says. This growth is…
JV Video: Dundee’s Clevr tech avoids cyanide in gold processing alternative
Dundee Corp.’s (TSX: DC-A) Clevr process, a cyanide-free method for gold recovery, could boost mining in regions where the toxin’s use is controversial or restricted, president and CEO Jonathan Goodman…
Video: ‘Grade smearing’ top junior sector misdeed, Brent Cook says
Retail investors can struggle to make sense of drill results, but some junior mining explorers make things worse with misleading reporting practices that inflate the value of their projects, industry…
Gold Fields to buy Osisko in US$1.6B cash deal
South Africa’s Gold Fields (NYSE: GFI; JSE: GFI) is buying Canada’s Osisko Mining (TSX: OSK) in a deal valued at $2.1 billion (US$1.6 billion) as record-breaking prices for the precious…
Lucara sales offer hope to struggling diamond sector
Lucara Diamond (TSX: LUC) saw its sales and earnings climb in the second quarter of the year, supported mainly by its recently revived supply deal with Belgium’s HB Antwerp, which…
Iamgold soars on Q2 production, cost beat
Iamgold (TSX: IMG; NYSE: IAG) reported strong results for the second quarter of 2024, surpassing its production and cost targets, and lifting its stock price as much as 17% on…
Video: World Gold Council sees market uncertainty raising metal’s price
Despite gold’s strong performance in the year’s first half, Western investors largely remained on the sidelines, Joe Cavatoni, senior market strategist for the World Gold Council, said in an interview….