Q1 gold demand soars to highest since 2016: WGC
First-quarter gold demand hit its highest level in nine years as exchange-traded funds loaded up on the metal, according to the World Gold Council (WGC). Total gold demand reached 1,206…
Australia, NZ & South Pacific
Alkane to acquire Mandalay Resources in $358M deal
The merged company will operate under the Alkane Resources name and expects to produce 160,000 gold-equivalent ounces in 2025.
Trump moves to fast-track deep-sea mining push
United States President Donald Trump on Thursday signed an executive order on deep-sea mining that aims to pave the way for offshore resource extraction and cut the country’s critical minerals…
US offers $190M to Victory Metals rare earths project
Victory Metals (ASX: VTM) has received a letter of interest from the Export-Import Bank of the United States (EXIM) for up to $190 million (A$292 million) in financing to develop…
RANKED: World’s biggest copper mines
Copper is the metal most tied to the global economy because of its essential role in sectors from transportation to manufacturing and electrification. A growing emphasis on clean energy means…
Ruling Labor may defeat ‘Trump-lite’ Dutton Down Under
While the cost of living and a housing crisis are the main issues for Australian voters May 3, politicians recognize the need to win over the country’s mining sector that…
Northern Star nears final hurdle in De Grey takeover
Shareholders of De Grey Mining voted overwhelmingly in favour of a buy-out by Australia’s largest gold producer Northern Star Resources.
BHP OK’d to run Mt Arthur to 2030, eyes hydro future
BHP will run the mine for four additional years and may convert it into a pumped hydro facility to support a post-coal future.
Robex files prospectus for $77M Australia IPO
Canadian miner Robex Resources (TSX: RBX) filed a prospectus with Australian securities regulators for an estimated A$120 million (US$77 million) initial public offering that will help pay for a new…
Paladin faces irate investors in class action
Paladin Energy (ASX, TSX: PDN, US-OTC: PALAF) says it will challenge a class action suit in Australia alleging the uranium producer’s output forecast misled investors. The case filed with the…
MinRes board rocked as investigating directors resign
Shares in Australia’s Mineral Resources (ASX: MIN) dropped 9% on Wednesday after two board members, who also sat on the corporate governance committee set up to investigate the company’s founder,…
Greatland Gold’s Telfer forecast eases output
Greatland Gold (LSE: GGP) is envisioning annual gold production of 280,000-320,000 oz. over the next two fiscal years from the Western Australia Telfer mine, which it bought from Newmont (TSX:…