Sherritt drops plan to dissolve Cuban assets
Sherritt International (TSX: S) has dropped plans to dissolve its mining assets in Cuba, though operations will remain suspended amid ongoing United States sanctions on the island nation. The Canadian…
Mexico and Central America
Panama has lost $3.5B from mine halt: First Quantum
First Quantum Minerals (TSX: FM) said the suspension of its Cobre Panamá copper mine has cost Panama an estimated $3.5 billion in lost economic contribution over the past two years,…
Elemental Royalty to buy Vizsla Royalties for $327M
Elemental Royalty (TSX: ELE; Nasdaq: ELE) is acquiring Vizsla Royalties (TSX-V: VROY; US-OTC: VROY) in a $327-million (US$239-million) deal, offering a 31% premium as the company continues consolidating the royalty…
TMC, Allseas strike first seabed nodule mining deal
The Metals Company (NASDAQ: TMC) has signed a commercial agreement with offshore engineering giant Allseas to develop and operate what the companies say would be the world’s first commercial deep-sea…
Sherritt shares crater on Cuba sanctions shock
Sherritt International (TSX: S; US-OTC: SHERF) shares plunged 30% on Thursday after the Canadian miner suspended its direct participation in Cuba operations as a result of sweeping new United States…
Obituary: Dale Corman remembered as tireless builder
During times that demand mining industry leadership as metals rise in global importance, Canada has lost one of its trailblazers of precious and critical metals. Dale Corman, leader of numerous…
Torex sees potential to extend life of Mexico gold mine
Canadian miner Torex Gold Resources (TSX: TXG) said new drilling on its main Morelos property in Mexico identified additional high-grade structures that could support further mine life growth. Hole MLLI-042…
TMC shares soar as NOAA backs seabed mining plan
Shares in The Metal Company (NASDAQ: TMV) jumped on Friday after a United States Regulator ruled the company’s deep-seabed mining application fully compliant. The decision by the National Oceanic and…
First Quantum loss widens on costs, copper output
First Quantum Minerals (TSX: FM) reported a wider first-quarter loss as higher operating costs and weaker copper production weighed on results, despite raising its full-year output guidance. The company posted…
Luca says drilling expands Campo Morado footprint
New drilling at Luca Mining’s (TSXV: LUCA) Campo Morado polymetallic mine in Mexico’s Guerrero State has expanded high-grade mineralization beyond the deposit’s current resource footprint. Hole CMUG-26-38 in the Largo…
Barrick names North America team ahead of IPO
Barrick Mining (TSX: ABX; NYSE: B) announced on Tuesday the members of the new executive leadership team for its North American operations as the miner advances plans to pursue an…
Gold price extends drop amid US-Iran uncertainty
Gold prices extended declines on Tuesday, as investors remained cautious over United States-Iran negotiations to end the near-two-month war that has intensified global inflation concerns. Spot gold fell more than…