BHP says strike at Escondida copper mine ‘unjustifiable’
Mining giant BHP (NYSE: BHP; LSE: BHP; ASX: BHP) said on Wednesday the strike announced by unionized workers at its Escondida copper mine in Chile for Nov. 21 and 23,…
South America
TNM Drill Down: Top gold assays for the week of Nov. 4-10, 2022
Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our…
Aris Mining rises on updated prefeasibility for Marmato expansion in Colombia
Aris Mining (TSX: ARIS; US-OTC: TPRFF) has released an updated prefeasibility study for an expansion of its Marmato gold mine, which includes a boost to resources and reserves since the…
Salazar, Adventus reach deal for US$270M Ecuador copper-gold project
Adventus Mining (TSXV: ADZN) and Salazar Resources (TSXV: SRL) are set to ink a final a foreign direct investment agreement with Ecuador’s government for their El Domo copper and gold…
Teck’s QB2 project to be 100% powered by renewables starting in 2025
Canada’s largest diversified miner Teck Resources (TSX: TECK.A; TECK.B, NYSE: TECK) will power its Quebrada Blanca phase 2 (QB2) copper project in Chile with 100% renewable energy sources from 2025…
SolGold CEO leaves after less than a year in the top job
Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) said on Thursday its chief executive and managing director, Darryl Cuzzubbo, had left the company effective immediately, after less than a year in the top…
Triple Flag to buy Maverix Metals creating fourth largest streaming and royalty firm
Canada’s Triple Flag Precious Metals (TSX: TFPM) is buying smaller peer Maverix Metals (TSX: MMX) in a deal valued at $606 million, which would consolidate it as the world’s fourth-largest senior streaming and…
Cascading battery metal supply crunch to get serious from 2024, analysts forecast
Increasing consumption will outstrip the mining industry’s ability to ramp up supply, resulting in commodity deficits as early as 2024, a new analysis by S&P Global has found. The report,…
WGC calls miners to plan for further climate change risks
The World Gold Council (WGC) is urging bullion miners to implement more consistent, systematic planning and wider collaboration, including closer engagement on risks with local communities, to deal with climate-related…
Lundin Gold to meet high end of 2022 production forecast as road blockades end
Canada’s Lundin Gold (TSX: LUG) expects to achieve the high-end of its gold production guidance for 2022 as the impact of road blockades in Ecuador earlier this year eased in the third…
SolGold secures US$50M royalty funding from Osisko Gold
SolGold (TSX: SOLG; LSE: SOLG) has secured US$50 million in royalty financing from Osisko Gold Royalties (TSX: OR; NYSE: OR), which will help the miner fund the development of its…
Barrick falls to new 12-month low as Q3 profit drops on lower output, higher cost
Canada’s number-one gold producer Barrick Gold (TSX: ABX; NYSE: GOLD) has reported a sharp drop in third-quarter earnings as lower production and higher costs weighed on its September-quarter financial results….