Lithium Americas to buy Arena Minerals in US$227M all-share deal
Lithium Americas (TSX: LAC; NYSE: LAC) is buying all the shares it does not already own of fellow Canadian Arena Minerals (TSXV: AN) in a deal that gives the Vancouver-based…
Canada
Teck sells closed Quintette coal mine for US$120 million
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada’s largest diversified miner, has reached a deal to sell its closed Quintette steelmaking coal mine to Conuma Resources for US$120 million…
TNM Drill Down: Burkina Faso delivers top drill assay of Dec. 9-16
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining…
TSX drops during the Dec. 12-16 trading week
Stocks fell during the Dec. 12-16 trading period as the U.S. Federal Reserve increased interest rates again to fight high inflation and retail sales figures disappointed analysts. Markets were volatile. …
Canada Nickel acquires former Texmont nickel mine near Timmins
Canada Nickel Co. (TSXV: CNC; US-OTC: CNIKF) is buying a 100% interest in the past-producing Texmont nickel property, situated between the company’s Deloro and Sothman properties south of Timmins, Ont. …
Trevali sells stake in Namibia’s Rosh Pinah mine to Appian
Trevali Mining will sell its 90% interest in the Rosh Pinah zinc-lead-silver mine, in Namibia, to Appian Natural Resources Fund III. The embattled miner has had a difficult financial and…
Newcrest CEO Biswas leaves Australia’s top gold miner
Newcrest Mining (TSX: NCM; ASX: NCM) announced on Monday that its chief executive officer Sandeep Biswas is retiring from the role effective immediately, after eight years at the helm of Australia’s top gold…
CMS 2022: Hecla steps up to meet ‘extraordinary demand growth path,’ says CEO Phil Baker
North America’s oldest silver miner, Hecla Mining (NYSE: HL), is set to consolidate its position as the continent’s primary silver leader. It is working to increase U.S. output by 20%…
Panama orders suspension of First Quantum’s giant copper mine
Panama’s government has ordered First Quantum Minerals (TSX: FM) to halt operations at its Cobre Panama copper mine after it failed to agree terms for a new contract with the…
Eldorado Gold board okays Skouries gold-copper project restart
Canada’s Eldorado Gold (TSX: ELD; NYSE: EGO) said the board has approved an investment decision and full restart of construction activities at its Skouries gold-copper project in northern Greece. The…
Analysts forecast a mixed bag for commodities amid global 2023 slowdown
Given the tumultuous past two years that saw global markets ebb and flow to extreme degrees, it’s perhaps no surprise that the only thing that’s certain about the 2023 outlook…
Snow Lake investor battle brings raw energy to Manitoba lithium project
A shareholder rift over millions of dollars in executive pay at Snow Lake Resources (NASDAQ: LITM) is rattling the explorer’s plans to develop a lithium project in northwest Manitoba. Management…