BofA sees strong 2025 for copper, while iron ore prices to drift lower
While the outlook for iron ore appears grim, BofA remains bullish on copper due to strong structural demand.
South America
Aclara Resources to start rare earths production in Brazil in 2027
Rare earths developer aims to move forward the beginning of operations at its flagship Carina project to 2027 from 2029.
Drilling at Founders’ Antino project expands Froyo, serves up Cupcake treat
New high-grade gold results at Founders Metals’ (TSXV: FDR, US-OTC: FDMIF) Antino project in southeast Suriname have almost doubled the size of its main Froyo zone, while also putting the…
AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.
Solaris Resources preps to move to Ecuador, months after derailed $130M-deal
Solaris Resources (TSX: SLS; NYSE: SLSR) is taking the first steps towards moving its head office to Quito, Ecuador’s capital, almost four months after it blasted a Canadian national security…
US$1.4B value tops strong economics at G Mining’s PEA for Oko West gold project in Guyana
A new study for G Mining Ventures’ (TSX: GMIN; US-OTC: GMINF) Oko West gold project in north-central Guyana outlines a net present value (NPV) of US$1.4 billion over a 12.7-year…
SQM deal with Andrada taps into Namibian lithium
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, has entered into a three-stage earn-in agreement with South Africa-based Andrada Mining (LSE: ATM) to jointly develop the Lithium Ridge asset…
First Quantum to begin US$3.5B Taca Taca copper project build in Argentina next year: report
First Quantum Minerals (TSX: FM) plans to start of construction of its US$3.5-billion Taca Taca copper project in Salta province next year, according to Rumbo Minero International. According to the…
Nexa Resources sells Peru copper asset for up to US$29.3M
Latin America-focused Nexa Resources (NYSE: NEXA) has sold its Pukaqaqa copper project in Peru to Canada’s Olympic Precious Metals for an initial US$4.3 million. The price tag could reach up to US$29.3 million…
First Majestic to expand in Mexico with US$970M Gatos Silver buy
First Majestic Silver (TSX: AG; NYSE: AG) is buying fellow Canadian explorer and developer Gatos Silver (TSX: GATO; NYSE: GATO) in an all-share transaction valued at US$970 million. The move…
Arcadium Lithium suspends Mt. Cattlin in Australia
Arcadium Lithium (NYSE: ALTM; ASX LTM), one of the world’s largest producers of the battery metal, plans to idle its Mt. Cattlin spodumene mine in Australia next year in another step…
Codelco pays US$520M for Enami’s 10% stake in Teck’s Quebrada Blanca copper mine in Chile
The deal will contribute 25,000 to 30,000 tonnes of copper to Codelco’s annual output.