First Quantum lowers 2020 guidance
With its Cobre Panama mine on care and maintenance since April 7, First Quantum Minerals (TSX: FM) has reduced its copper guidance for the year by 75,000 tonnes to 755,000-805,000…
South America
Extended lockdowns hit copper production
Peruvian copper mine Antamina, owned by BHP (NYSE: BHP; LSE: BHP) and Glencore (LSE: GLEN), has reported 210 positive cases of coronavirus and said the date to restart operations is…
Rio Tinto boosts budget for Citadel copper project in Australia
Rio Tinto ( NYSE: RIO; LSE: RIO) will spend a further A$9.2 million (US$5.9 million) on exploration at the Citadel copper-gold project, a joint venture with junior Antipa Minerals (ASX:…
Silvercorp to buy Guyana Goldfields in $105M deal
Silvercorp Metals (TSX: SVM; NYSE: SVM) is buying Guyana Goldfields (TSX: GUY) in a $105 million (US$75 million) cash and stock deal that creates a diversified precious metals producer with…
South America divided on coronavirus measures
South American countries have taken varying approaches to containing the spread of COVID-19, ranging from leaving it to states and cities to handle the virus to implementing aggressive lockdowns and…
Vale cuts production guidance again
Brazil’s Vale (NYSE: VALE), the world’s top iron ore producer, has once again lowered its production forecast for 2020 due to a mix of factors including heavy rain, unplanned outages…
New Pacific sees ‘district-scale potential’ in Bolivia
New Pacific Metals (TSXV: NUAG; US-OTC: NUPMF) says its Silver Sand project in Bolivia is one of the more significant primary silver discoveries in the last decade, and the majority…
TSX rises, April 13-17: Agnico, Barrick, Wheaton, Amerigo, B2Gold
The S&P/TSX Composite Index rose 1.37%, or 193.30 points, to finish the April 13-17 trading week at 14,359.90. The S&P/TSX Global Mining Index rose 3.92% to 77.47, while the S&P/TSX…
Barrick maintains guidance despite Q1 drop
Barrick Gold (TSX: ABX; NYSE: GOLD), the world’s second-largest producer of the precious metal, expects first-quarter gold output to fall by 8.5%, as it has had to scale down operations…
Rio Tinto lowers copper target; flags issues at Oyu Tolgoi
Rio Tinto (NYSE: RIO; LSE: RIO) signalled on Friday a recovery in China’s economy, as it reported improved shipments of iron ore to the country, but the company cut its…
Chile court looks at alleged Escondida breaches
A Chilean environmental court will look into the State Defence Council’s (CDE) allegations that the Escondida copper mine, the world’s largest, has caused “irreparable damage” to the Punta Negra salt…
Hochschild Mining withdraws dividend
Hochschild Mining (LSE: HOC) has become the third major mining company to suspend its dividend due to the COVID-19 pandemic. The Peru-focused gold mining company’s announcement follows Glencore’s (LSE: GLEN)…