The deal follows an October transaction that saw Osisko Metals acquire Karst Investments for US$8.5 million and two-million shares to snare an outstanding 3% NSR royalty on the project.The company will grant Osisko Gold Royalties a right of first offer on any future sales of royalties, streams or interests on Pine Point and a senior secured interest and first-priority mortgage on the project as co...Read More
These demand drivers, as well as the rising global need for ferrous metals, industrial minerals and fuel-ore mining was driving market revenues toward US$2.9 billion by 2025, a compound annual growth rate of 6.7% from 2018, the Santa Clara, California-based consultancy said.The firm said mining chemical manufacturers were increasingly developing and integrating digital technologies to boost applic...Read More
CEO Ivan Glasenberg, 62, had flagged then confirmed plans he was nearing the end of his tenure about 12 months ago. At the time, he said he hoped to find a successor before he turned 65.He told investors yesterday the company would meet in early 2020 to talk about a change in its "old guard," the Wall Street Journal reported. "I don't want to be an old guy running this company—and soon...Read More
Compa??ia de Minas Buenaventura S.A.A. (NYSE: BVN; Lima Stock Exchange: BUE.LM) is Peru's largest, publicly traded, precious metals company and a major holder of mining rights in Peru. Buenaventura currently operates several mines in Peru: Tambomayo, Orcopampa, Uchucchacua, Julcani - all wholly owned, as well as joint ventures: El Brocal, La Zanja and Coimolache. Buenaventura owns 43.65% of Minera...Read More
Yesterday, after the Senate confirmed him as the next energy secretary, Dan Brouillette said that Trump told him to figure out a way to boost coal.So basically, the president has instructed someone in his administration to intervene in energy markets - once again - to try to breathe life into something that is no longer economically relevant.The flood of natural gas and rapid integration of renewa...Read More
We've come to that special time of year again.. Energy and Capital editor Keith Kohl digs into the OPEC+ meeting that is set to take place tomorrow and questions whether the choice to cut or pump oil has already been made.For most, the month of December conjures images of stockings, trees, and presents.I think of OPEC.Around this time every year, its members get together and coordinate with one an...Read More
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has released an update on the progress of recommissioning its cobalt refinery in partnership with Glencore (LON: GLEN).The company expects to complete a prefeasibility study for a 12 tonnes per day restart scenario, as well as a second feasibility study for a 55 tonnes per day expansion in the first quarter of 2020. First Cobalt is evaluating recommissioning...Read More
Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has rejected the US$1.9 billion all-stock takeover bid from Canada's Endeavour Mining (TSX: EDV) released earlier on Tuesday, saying it did not offer enough value to the company's shareholders.Centamin also said that the terms of the offer did not adequately reflect the contribution that it would make to the merged entity, adding that the comp...Read More
Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has rejected a US$1.9-billion all-stock takeover bid from Canada's Endeavour Mining (TSX: EDV) announced earlier on Tuesday, saying it did not offer enough value to the company's shareholders.Centamin also said that the terms of the offer did not adequately reflect the contribution that it would make to the merged entity, adding that the compa...Read More
The good news was confirmation that the big Anglo-Australian miner will invest US$1.5 billion to extend the operations of its 116-year old Kennecott copper business in Utah for another 13 years.Read More
Gold continues to show its strength and prove the doubters wrong. After finishing October above $1,500, gold prices dropped like a pet rock in November down below $1,450, giving bulls yet another reason to doubt themselves. Technically, it needed to hold ~$1,460 at the end of November or risk falling even further. And hold it did, rallying on the last day of the month to hold that level, and sur...Read More
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