Taseko ups reserves, extends Gibraltar mine life by 23 years
Taseko Mines (TSX: TKO; NYSE: TGB; LSE: TKO) has upped its proven and probable sulphide reserves by 40% to 640.5 million tonnes grading 0.25% copper and 0.008% molybdenum. The increase…
Canada
Mining’s latest pivot means adjusting to a higher-cost world
Mining was one of few industries that saw relatively little disruption at the start of the global Covid-19 pandemic in March 2020. And although miners endured commodity price volatility, they…
Sabina Gold completes $126.5M bought deal; Goose project now fully financed
Sabina Gold & Silver (TSX: SBB; OTC: SGSVF) has completed a bought-deal offering with a syndicate of underwriters led by BMO Capital Markets for gross proceeds of $126.5 million. The…
Zinc price to remain high in the near term on Russia-Ukraine conflict – report
Market analyst Fitch Solutions Country Risk & Industry Research has revised its 2022 zinc price forecast higher by more than 20% to US$3,500 per tonne. In a market commentary, Fitch…
FPX Nickel creates new subsidiary focused on carbon capture and storage
FPX Nickel (TSXV: FPX; OTC: FPOCF) is establishing a new subsidiary company, CO2 Lock Corp., that will pursue opportunities in large-scale, low-cost and permanent carbon capture and storage (CCS). CO2 Lock has raised $1.7…
Frontier Lithium successfully pilots spodumene concentrate for hydromet conversion
Frontier Lithium (TSXV: FL; OTC: LITOF; FRA: HL2) has successfully concluded a pilot-scale campaign to produce 500 kg of spodumene concentrate that will be used to conduct piloting of a…
RANKED: World’s biggest nickel projects – 2022
Nickel is used mainly in the steelmaking process, but also in production of batteries for electric vehicles, and it is the metal that has grabbed the most headlines so far…
Kinross in negotiations to sell Russian mines
Canada’s Kinross Gold Corp (TSX: K; NYSE: KGC) has entered exclusive negotiations with an unnamed third-party mining company after receiving several proposals to sell all its Russian assets. As part…
S&P upgrades Barrick credit rating
S&P Global Ratings has upgraded Barrick Gold’s (TSX: ABX; NYSE: GOLD) long-term corporate credit rating a notch from BBB to BBB+. With a ‘stable’ outlook, S&P in a note said…
Mountain Province rises to 12-month high on diamond market recovery
The Toronto-quoted equity of Mountain Province Diamonds (TSX: MPVD) has achieved a new 12-month high on March 29 after the company overnight reported record free cash flow in 2021 and…
Osisko Development closes US$32.8M final tranche of non-brokered financing
Osisko Development (TSXV: ODV) has closed the second tranche of its previously announced non-brokered private placement. More than 9.4 million subscription receipts of the company were issued under this tranche…
Osisko Metals to buy former Gaspé copper mine in Quebec from Glencore
Osisko Metals (TSXV: OM; OTC: OMZNF) has signed an option to purchase the former Gaspé copper mine from Glencore Canada. The mine, located near Murdochville, Quebec, was developed and operated…