McEwen Copper provides update on Los Azules in Argentina
The McEwen Copper division, 81% owned by McEwen Mining (TSX: MUX; NYSE: MUX) is advancing work on the Los Azules project in Argentina’s San Juan province, having closed the first…
South America
Agnico Eagle, Kirkland Lake create new gold giant in US$10B merger
The combined company, the gold industry’s highest-quality senior producer, will have 48 million ounces of the metal in reserves.
Peru minister says US$1.4B Tia Maria mine a “no go”
Peru’s economy and finance minister has cast further doubt about Southern Copper’s (NYSE: SCCO) long-delayed US$1.4 billion Tia Maria project by saying he believed the proposed mine in the southern Islay…
Ero Copper study expands Boa Esperanca mine life, doubles production
An updated feasibility study for Ero Copper‘s (TSX: ERO; NYSE: ERO) Boa Esperanca project in Brazil has doubled life-of-mine copper production and increased the mine life to 12 years from…
Appian Capital in talks to sell Atlantic Nickel for $1B, Brazilian daily newspaper reports
London-based private equity fund Appian Capital is said to be in advanced negotiations to sell its Atlantic Nickel unit in Brazil for around US$1 billion, with Canada’s Teck Resources (TSX:…
Peru road blockades forces MMG to halt Las Bambas copper mine
Chinese miner MMG once again will have to halt operations at its Las Bambas copper mine in Peru, one of the country’s largest, as community protests in the nearby province…
International Lithium sells remaining stake in Mariana project to Ganfeng
Mariana is considered one of the biggest lithium deposits in the world.
Equinox Gold PFS for Aurizona expansion outlines US$154M capex to extend mine life to 11 years
Equinox Gold (TSX: EQX; NYSE: EQX) has released the prefeasibility study for the expansion of its 100%-owned Aurizona gold mine in Brazil. The plan covers mining underground and satellite open pit deposits as…
TSX down, Sept. 13-17
The S&P/TSX Composite Index fell 142.7 points or 0.69% to finish the September 13-17 trading week at 20,490.41. The S&P/TSX Global Mining Index fell 4.83 points or 4.76% to 96.75…
Chile lowers copper price estimate for 2021 on lower demand, US stimulus
Chile’s copper commission Cochilco has revised down its average copper price forecast for the year to US$4.20 per lb. from a previous estimate of US$4.30 per lb. on the back of slowing…
Robust metals price outlook softens in 2022 – reports
The global metals and mining industry outlook has changed from ‘positive’ to ‘stable’ with a new Moody’s Investors Service report finding that despite most metals prices exceeding historical marks, that…
Export credit agencies provide funds for Horizonte’s Araguaia project
Horizonte Minerals (TSX: HZM; LSE: HZM) has nailed down US$146.2 million from export credit agencies in Denmark and Finland to partly fund construction of its 100%-owned Araguaia ferro-nickel project in…