Iamgold surges on billion-dollar asset sales to fund Côté gold project in Ontario
Shares in Iamgold (TSX: IMG; NYSE: IAG) shot up 25% on Tuesday after it sold its latest portion of nearly US$1 billion in assets to build the Côté gold project…
South America
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…
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. …
TSX Venture steady over Dec. 12-16 trading week
The S&P/TSX Venture Composite Index retreated by 1.36 points or 0.2% over the Dec. 12-16 trading period to end at 576.26. Los Andes Copper lost 45¢ to $13.50 over the…
How Brazil is becoming a global leader in the production of green metals
For years, Brazil was overlooked as a favourable mining jurisdiction within South America. But what’s recently become apparent is that times are changing. The countries that were once deemed as…
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…
Marimaca Copper stock rises as company drills first significant sulphides in Chile
Marimaca Copper (TSX: MARI) revealed on Thursday the sulphide potential of its Marimaca oxide deposit (MOD) in Chile, with drill hole MAD-22 returning 92 metres at 2.11% total copper from…
Fortescue ups stake in Candente Copper with $4M investment
Australian miner Fortescue Metals Group (ASX: FMG) is investing a further $4 million (US$2.9 million) in Candente Copper (TSX: DNT), which will increase its stake in the Canadian junior from 19.4% to 25.4%….
Albemarle to build US$180M lithium research centre in North Carolina
The world’s top lithium supplier Albemarle (NYSE: ALB) will invest at least US$180 million to build a new technology park in North Carolina, where it expects to advance its research in…
Rio Tinto hunts for lithium deals, eyes Jadar revival
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) said on Tuesday it is actively searching for lithium assets as its expects prices for the metal used in the making of…
Global miners’ ESG strategies show ‘concerning’ lack of focus on gender
The mining industry shows a lack of focus on gender and diversity in their environmental, social and governance strategies, a recent report by Stratum International and Digbee has found. Based…
Gold Fields CEO Griffith leaves after failed Yamana takeover
Gold Fields’ (JSE, NYSE: GFI) chief executive officer Chris Griffith is stepping down on Dec. 31, only a month after the company’s failed attempt to take over Canada’s Yamana Gold…