Rio Tinto maintains dividend, discloses taxes
Rio Tinto (NYSE: RIO; LSE: RIO) Chairman Simon Thompson told shareholders the company will proceed with a dividend payment announced in February of $2.31 per share, or $3.7 billion, and…
Mining
Marathon Gold releases prefeasibility study on Valentine
Marathon Gold (TSX: MOZ) has released the results of a prefeasibility study on its Valentine gold project in Newfoundland, which envisions a 12-year open pit mine, producing an average of…
SolGold’s Ecuador copper project grows
SolGold’s (TSX: SOLG; LSE: SOLG) Cascabel copper-gold asset in Ecuador received a boost on Tuesday after a long-awaited third resource update for Alpala, the project’s main deposit, showed larger than…
Freeport ramps up security after attack kills employee near Grasberg mine
Freeport-McMoRan (NYSE: FCX) confirmed that one employee was killed and another employee and contractor were seriously injured in a shooting in Papua, Indonesia, near the company’s administrative offices in Kuala…
Brazil shuts 47 mining dams deemed unsafe
Brazil has ordered the immediate closure of 47 mining dams that failed to certify their stability, with more than half of them belonging to Vale (NYSE: VALE), whose Córrego do…
Virtual Global Mining Symposium
A follow up, to our successful Canadian Mining Symposium executed in the spring of 2020. This Global Symposium, will bring the world together on a virtual platform and keep your…
Luminex grows Condor with new Camp resource
Luminex Resources (TSXV: LR) has unveiled a maiden resource for its Camp deposit, part of its Condor project in southeastern Ecuador, of 11.9 million inferred tonnes grading 2.95 grams gold…
Glencore defers decision on dividend
Glencore (LON: GLEN) is postponing a decision on whether to proceed with a cash dividend of 20¢ per share totalling US$2.6 billion in 2020 due to the COVID-19 pandemic. “When…
Raymond James lowers metals forecasts for 2020
Raymond James has updated its metal price forecasts for the year due to the COVID-19 pandemic. Its new full-year forecast for gold in 2020 is US$1,594 per oz., down from…
Argonaut Gold to merge with Alio Gold in all-share deal
Argonaut Gold (TSX: AR) and Alio Gold (TSX: ALO; NYSE-A: ALO) announced a friendly all-share at-market merger that will create a larger company with a production base of over 235,000…
Trevali suspends Caribou mine in New Brunswick
Trevali Mining (TSX: TV; US-OTC: TREVF) has temporarily suspended operations at its Caribou mine near Bathurst, New Brunswick. The company noted that the global zinc market has deteriorated and that…
Mine disruptions escalate as virus rips around globe
On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the…