Peru voters divided ahead of June 6 presidential election
A surprise win by a left-wing candidate in the first round of Peru’s presidential elections has alarmed foreign investors and the mining sector. But the bigger threat could be the…
South America
Lithium Americas, Ganfeng planning Stage 2 expansion at Caucharí-Olaroz
Lithium Americas (TSX: LAC; NYSE: LAC) and partner Ganfeng Lithium have approved a second-stage expansion at the Caucharí-Olaroz lithium project in Jujuy province, Argentina. Caucharí-Olaroz, named after the two salars…
79North reports new gold discovery at Nassau project in Suriname
79North (CSE: JQ; US-OTC: SVNTF) has made a new discovery at its 20,000 hectare Nassau gold project in Suriname, about 20 km south of Newmont’s (TSX: NGT; NYSE: NEM) Merian…
SQM shuns fears of higher taxes in Chile, fast-tracks expansions
SQM (NYSE: SQM), the world’s No. 2 producer of lithium, doesn’t seem worried about potential higher taxes for miners in copper powerhouse Chile, as it is pushing ahead with planned…
TSX Venture down, May 10-14
The S&P/TSX Venture Composite Index fell 2.47% to finish the trading week at 931.38. Spot gold increased by US$13.20 per oz., or 0.72%, to US$1,843.90 per ounce. Filo Mining jumped $3.57…
US markets slip, May 10-14
The Dow Jones Industrial Average slipped 1.14% to finish the week at 34,382.13 and the S&P 500 fell 1.39% to 4,173.85. Spot gold increased by US$13.20 per oz., or 0.72%, to…
Lundin Gold sees record production at Fruta del Norte
Canada’s Lundin Gold (TSX: LUG) has reported record gold production for the March quarter, which marked a year since its Fruta del Norte gold-silver mine in Ecuador, the country’s largest, kicked…
Deadly shootout in Brazil’s Amazon as illegal miners enter indigenous land
At least three illegal gold miners inside the Yanomami reservation in northern Brazil have died, after they opened fire with automatic weapons on an indigenous community opposed to their presence…
Metals price rally could hamper switch to green energy — IEA
Soaring metals prices may be good for miners, but they risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel,…
CIM 2021: Anglo American CEO Cutifani urges miners to ‘create the future’ – not be a victim of it
Tasked with talking about the role of mining in society as part of the opening plenary at this year’s virtual CIM convention, Anglo American (LSE: AAL) chief executive Mark Cutifani…
Proposed new royalty unsettles miners in Chile
The return of high copper prices has come in the nick of time for Chile, but as the price for the red metal rallies, politicians believe the mining industry could…
TSX Venture up, April 26-30
The S&P/TSX Venture Composite Index rose 2.56% to finish the trading week at 955.26. Spot gold declined by US$7.80 per oz., or 0.44%, to US$1,769.10 per ounce. Los Andes Copper jumped…