Lundin Mining shares plunge on Candelaria production guidance cut
The Toronto-listed shares of Lundin Mining (TSX: LUN) fell by more than 12% on Monday after the base metals company announced a near-14% drop in expected copper output at the…
South America
David Garofalo’s Gold Royalty to acquire Ely Gold Royalties
Gold Royalty (NYSE-AM: GROY), which has a portfolio of 18 net smelter return royalties ranging from 0.5% to 2.0% covering 12 projects in the Americas, is acquiring Ely Gold Royalties (TSXV: ELY; US-OTC:…
Teck on track to double copper output by 2023, Don Lindsay says
Teck Resources (TSX: TECK.A/TECK-B; NYSE: TECK) is preparing to double its copper output by 2023 to take advantage of accelerated metal demand from global economic growth and the transition to…
Adventus Mining well positioned to complete El Domo feasibility study by October
Adventus Mining (TSXV: ADZN; US-OTC: ADVZF) is well-positioned to capitalise on the growing market interest in a vibrant and growing mining sector in Ecuador, president and CEO Christian Kargl-Simard says….
US markets down, June 7-11
The Dow Jones Industrial Average slipped 0.80% to finish the week at 34,479.60 and the S&P 500 dropped 0.41% to 4,247.44. Spot gold fell by US$14.20 per oz., or 0.75%, to…
Risk is a moving target
With more than 99.6% of the votes counted in Peru’s presidential election, it looks like left-wing Pedro Castillo of the Peru Libre party has defeated his right-wing opponent, Keiko Fujimori,…
Leftist Castillo emerges as likely winner of Peru’s contested presidential election
Socialist candidate Pedro Castillo is emerging as the winner of Peru’s June 6 presidential elections, with 99.6% of the votes counted. According to the latest update, Castillo had about 50.2%…
Turmalina Metals intersects 4.3% copper at San Francisco project in Argentina
Drilling at Turmalina Metal’s (TSXV: TBX; US-OTC: TBXXF) San Francisco project in Argentina has returned high-grade copper mineralization from the San Francisco del Andes (SFdLA) breccia, one of more than…
BHP to pay $93m for environmental damages at Escondida
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), the majority owner and operator of Escondida copper mine in Chile, will have to spend up to US$93 million as part of an…
SolGold and Cornerstone to cooperate in Cascabel copper project
SolGold (TSX: SOLG; LSE: SOLG) and shareholder Cornerstone Capital Resources (TSXV: CGP) have ended a two-year standoff that cost the miner’s chief executive officer his post, agreeing to jointly advance…
Mineração Vale Verde completes Serrote copper-gold mine build
Privately held Mineração Vale Verde (MVV) and funding partner Appian Capital Advisory have completed construction of the Serrote copper-gold project in Alagoas, Brazil, ahead of schedule and under budget. At…
Balancing risk and reward in South America
The Northern Miner’s second-quarter Global Mining Symposium in mid-May was a great success, with 1,432 delegates tuning in from 86 countries. In this issue we cover the conference’s keynote speakers,…