Max Resource raises $15.3M for drilling at Cesar in Colombia
Max Resource (TSXV: MAX; OTC: MXROF) has raised $15.3 million through a private placement of 25.5 million units at a price of 60¢ per unit to advance its flagship Cesar…
South America
Foxes add to Gold Fields’ headaches in Chile
South African miner Gold Fields (NYSE: GFI; JSE: GFI), already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile,…
Electric vehicles surpass phones as top driver of cobalt demand
Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the…
Brumadinho won’t break Vale, but the piper still hasn’t been fully paid
Vale, one of the world’s biggest producers of iron ore and nickel, has been in the news a lot lately. The Brazilian miner has been making strikes towards “green” credentials…
Hochschild Mining earmarks US$200M to build gold mine in Brazil
Precious metal producer Hochschild Mining (LSE: HOC) will invest about $200 million to build the Posse gold mine in Brazil, a project added to its portfolio last year through the…
Argentina expects US$4.2B investment in its lithium sector
Argentina expects to receive a US$4.2-billion combined investment in its growing lithium market in the next five years, which would help the country double production in 2023 to hit 175,000…
Two of McEwen Mining’s top execs step down
McEwen Mining (TSX: MUX; NYSE: MUX) surprised markets on Friday by announcing that two of its top suite executives were leaving the company for personal reasons. Chief financial officer Anna…
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower metals prices, a new report…
Gold Fields flags potential inflationary cost overrun at Salares Norte
Gold Fields Limited (NYSE: GFI; JSE: GFI) says higher-than-expected inflation levels have started eroding the contingency built into the US$860 million capital expenditure (capex) budget for its 100%-owned Salares Norte…
Deconstructing Ross Beaty: Exclusive interview at the Mining Legends Speaker Series
The Mining Legends Speaker Series kicked off with an inaugural in-person event in Vancouver featuring mining entrepreneur and Canadian Mining Hall of Fame inductee Ross Beaty and rising talent Maggie…
Australian court okays MMG’s Tasmania tailings dam study to proceed
In what has been labelled a ‘pro-mining judgment against the environment’ by a non-governmental organization, Chinese-owned base metals producer MMG Inc. has won the right to continue preliminary works for…
Sandstorm Gold buys two royalty firms for US$1.1B
Canada’s Sandstorm Gold (TSX: SAND; NYSE: SAND) is growing in scale and size with the acquisitions of one royalty company and an extensive package from another for a combined total…