BMO cautions against excess gold sector royalty deals
A trend among gold developers to write royalties as a strategy to raise investor value amid a stifled financial market carries high risks, a new BMO Capital Markets report found…
Africa
Uranium hits new post-Fukushima high
The spot price of uranium continues to rise, boosted by pledges to triple nuclear power by mid-century, supply hiccups from producers such as Cameco (TSX: CCO; NYSE: CCJ) and the looming…
Ivanhoe ships first copper through Angola via railway
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) said its first shipment of copper concentrate from its Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC) had arrived by rail to…
The biggest global mining news of 2023
The mining world was pulled in all directions in 2023: the collapse of lithium prices, furious M&A activity, a bad year for cobalt and nickel, Chinese critical mineral moves, gold’s…
Silvercorp again hikes takeover offer for OreCorp
Canada’s Silvercorp Metals (TSX: SVM; NYSE: SVM) is boosting its buyout bid for African gold developer OreCorp (ASX: ORR) while competing with Perseus Mining (TSX: PRU; TSX: PRU). Silvercorp, a…
Analysis: Gold set for further record prices in 2024 and 2025
Gold prices have been setting annual records for the past three years. They are expected to set further records in 2024 and 2025, as the world struggles with a host…
Gold heists: Air Canada caper shows yellow metal’s criminal allure hasn’t dimmed
It’s a gold mine in the dead of night. Crooks snip through a wire fence and find keys to a forklift still in the ignition. It roars to life and…
Tracking the lithium offtake deal landscape worldwide
Car companies are forging new relationships with miners for lithium supply, and in some cases governments are also providing funds to advance these critical projects. Here’s a look at some…
Hummingbird Resources unveils plan to raise up to $43.5M
Africa-focused Hummingbird Resources (AIM: HUM) unveiled on Thursday a plan to secure up to US$32.7 million ($43.5 million) in total proceeds to fund its growth strategy, exploration activities, advance its Dugbe…
Xtra-Gold expands Boomerang system deeper at Kibi project in Ghana
Xtra-Gold Resources (TSX: XTG; US-OTC: XTGRF) says new drill results bode well for growing the Kibi gold project in Ghana beyond the limit of a 2021 resource footprint. Crews discovered…
Saturn Resources buys Shanta Gold for $239M
East Africa-focused Shanta Gold (LSE: SHG) said on Wednesday it had agreed to a £141.9 million ($239.7 million) takeover bid by Tanzania-based Saturn Resources. Under the deal, Shanta shareholders will…
Global Atomic raises $15M for Dasa uranium project
Global Atomic (TSX: GLO; US-OTC: GLATF) has arranged a non-brokered private placement of 6 million units priced at $2.50 each for gross proceeds of $15 million. Regent Mercantile Holdings has…