Equinox Gold rises on record output
Shares in Equinox Gold (TSX, NYSE-A: EQX) jumped on Thursday after the company reported record third-quarter production alongside low costs. The Canadian gold miner’s output during the three months to…
Canada
Lundin Mining lifts copper outlook, cuts costs
Canada’s Lundin Mining (TSX: LUN) has raised its forecast for full-year copper output and cut its costs outlook after stronger-than-expected performance at its Caserones mine in Chile. Lundin, which generated…
Montage boosts resource at Côte d’Ivoire’s Koné project
Canadian mine developer Montage Gold (TSX: MAU, OTCQX: MAUTF) says an exploration update for its Koné project in Côte d’Ivoire shows increases in both indicated and inferred resources since the…
Nutrien weighs phosphate unit sale
Canada’s Nutrien (TSX, NYSE: NTR), the world’s top potash producer, is reviewing its phosphate business as part of a strategy to simplify operations and boost long-term value. The review could…
Iamgold hits record gold output
Canadian miner Iamgold (TSX: IMG; NYSE: IAG) has reported strong third-quarter results, driven by record production at its flagship Côté gold mine in Ontario and continued debt reduction efforts. The…
Electra restarts construction at Ont. cobalt refinery
Electra Battery Materials (TSX-V, Nasdaq: ELBM) said it’s resumed construction at its Ontario cobalt sulfate refinery after securing about $82 million (C$115 million) in project financing. The stock soared. Work…
Prairie Lithium starts building Saskatchewan DLE facility
Australia’s Prairie Lithium (ASX: PL9) has kicked off construction in Saskatchewan of what it says would be the largest direct lithium extraction (DLE) facility in North America. Prairie’s facility would…
Canadian federal budget promises billions for mining
Canada’s Liberal government plans to form a $2-billion sovereign fund for critical minerals, earmark hundreds of millions in mining industry spending and widen exploration tax credits to a dozen other…
Aya values Boumadine in Morocco at $3B with spot gold
Canada’s Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) said a preliminary economic assessment (PEA) for its Boumadine polymetallic project in Morocco shows the company would need barely a year…
Coeur Mining buys New Gold for $7B
Coeur Mining (NYSE: CDE) is acquiring Canada’s New Gold (TSX: NGD) in an all-stock deal valued at about $7 billion, creating a new North American mining heavyweight amid record gold…
Freeport expands BC’s AuRORA with near-surface grades
Freeport-McMoRan (NYSE: FCX) has extended the AuRORA copper-gold-silver discovery made by partner Amarc Resources (TSXV: AHR; OTCQB: AXREF) in British Columbia. A batch of long, near-surface intercepts released on Monday…
Glencore, Quebec refute smelter shutdown report
Glencore (LSE: GLEN) and Quebec have denied a Reuters report that the company was planning to shut down its Horne smelter in the province — Canada’s largest copper-metal producing plant…