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…
South America
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…
Lundin Mining CEO to leave the post by year’s end
Canada’s Lundin Mining (TSX: LUN) has announced that Marie Inkster, the company’s chief executive officer in the last three years, is stepping down by the end of the year because of “personal reasons.” The Toronto-based miner,…
Gold Royalty, Abitibi Royalties and Golden Valley to combine forces
Gold Royalty (NYSE-AM: GROY) is acquiring Abitibi Royalties (TSXV: RZZ; US-OTC: ATBYF) and Golden Valley Mines and Royalties (TSXV: GZZ; US-OTC: GLVMF) in a deal that will create a larger…
Equinox Gold grows Mesquite resource in California
Equinox Gold (TSX: EQX; NYSE: EQX) has released new reserve and resource numbers for its Mesquite mine in California and for the Fazenda Brasileiro and Riacho Dos Machados mines in…
SolGold to cut back on exploration projects
Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) is trimming its exploration portfolio in a bid to free up cash to focus on its best targets as it advances development of the giant Cascabel copper-gold…
Major Drilling results confirm rebound in exploration – as well as rising costs for miners
Rebounding exploration activity has propelled Major Drilling’s (TSX: MDI) revenues and earnings to a nine-year high. In the company’s first quarter of fiscal 2022, ended July 31, the Moncton-based drilling company reported revenues of $151 million – up 69% from the same…