BHP (NYSE: BHP; LSE: BHP; ASX: BHP) is halting its Western Australia nickel operations starting in October, as the world's largest miner struggles to navigate challenges posed by a substantial decline in nickel prices and a global oversupply.The mining giant, which had warned the market about this potential outcome earlier this year, said it will review its decision affecting both the Nickel West...Read More
Remote eastern Yukon The snow-peaked mountains and green valleys of eastern Yukon may seem like a place that would attract only wily old prospectors and extreme hikers. But on a gentle mountain slope, a camp full of young geologists armed with the latest exploration technology are searching for metals needed for the green energy transition. On the border with the Northwest Territories, Fireweed...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) could be back in the running to develop Europe's top lithium mine after a Serbian court ruled the government unlawfully revoked the miner's Jadar lithium project permits.The Serbian Constitutional Court ruled on Thursday that the government's 2022 decision was unconstitutional.Belgrade revoked licences for the Australian miner's US$2.4-billion project in w...Read More
Gold has re-emerged as one of the top asset classes of 2024, having risen by 12% year to date and shattered multiple records along the way. It is now well on track for its best year since 2020.The yellow metal has benefitted from heightened uncertainty in the global economy, namely recession fears and geopolitical risks, which are driving up demand.The world's production of gold has also steadily...Read More
Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has confirmed reports of an ongoing cyberattack that has disrupted its IT systems globally.In a statement Thursday, the South African miner said it took immediate steps to proactively isolate IT systems and safeguard data as soon as it became aware of the incident, which began on Monday.In addition to the containment measures implemented, Sibanye said it h...Read More
Africa-focused Montage Gold (TSXV: MAU) has secured the final mining permit for its flagship Kon? project in C?te d'Ivoire, paving the way to start construction early next year.The US$712-million project is forecast to churn out a total of 3.6 million oz. gold over a 16-year life, according to an updated feasibility study from January.Along with the Kon? permit, which is valid for 20 years, Montag...Read More
Orezone Gold (TSX: ORE; US-OTC: ORZCF) has secured US$105 million in funding commitments to expand its flagship Bombor? gold mine in Burkina Faso, which achieved commercial production in late 2022.The funding comprises a US$58 million three-year loan from Coris Bank International, its current senior lender, and a US$47 million private placement with Nioko Resources, a strategic investor in the com...Read More
Atlantic Lithium (ASX: A11; US-OTC: ALLIF) has halted activity at its Ewoyaa project in Ghana after a fatal accident on Tuesday.According to the company, authorities have been notified and an investigation is underway to establish the circumstances that led to the incident.Ewoyaa will be Ghana's first lithium operation. The miner secured in October a 15-year permit for the project.Half of the lith...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) is actively working to expand its exploration activities in Mali to ensure the long-term sustainability of its Loulo-Gounkoto operation, CEO Mark Bristow said yesterday while visiting the operation.The gold giant has started discussions with Mali's National Directorate of Geology and Mines as it seeks to grow its footprint in the country. Since 2021, Mali has be...Read More
Shares of Gatos Silver (TSX: GATO; NYSE: GATO) soared to a three-year high on Wednesday after the precious-base metals miner announced record quarterly zinc production from its flagship Cerro Los Gatos (CLG) mine in Mexico.The stock traded as high as US$13.82 apiece in New York, and as of mid-afternoon was up 20.2% to US$13.41 a share, valuing the company at US$942.8 million."Our mine debottleneck...Read More
Critical Metals Corp. (NASDAQ: CRML) says it's finalized a deal with Saudi Arabia's Obeikan Group to build a large-scale lithium hydroxide processing plant in the kingdom. The two will form an equal joint venture to develop and operate the plant, which will convert lithium spodumene concentrate from Critical Metals' Wolfsberg lithium project in Austria. The deal, which was announced last month and...Read More
Latin America-focused Nexa Resources (NYSE: NEXA), which operates the largest underground zinc mine in Peru, Cerro Lindo, is in talks to sell its Pukaqaqa copper project in the Andean country.The miner said in a note to the local securities regulator (SMV) this week that it was involved in "ongoing negotiations linked to a possible sale of the Pukaqaqa mining project." Pukaqaqa, valued at nearly U...Read More
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has poured first silver at its expanded Zgounder mine in Morocco, the Canadian miner announced Tuesday. The first pour was achieved on July 2 from the existing cyanidation plant.The pour "marks another significant milestone" in the Zgounder mine expansion as it transitions to full production by the fourth quarter of 2024, Aya CEO Benoit La Salle said in...Read More
Chile's state-owned copper giant Codelco is considering acquiring a 10% stake in Teck Resources' (TSX: TECK.A, TECK.B; NYSE: TECK) Quebrada Blanca copper mine, currently held by state mining firm Enami, in a deal valued at about US$500 million.The potential acquisition will make strategic sense for both companies, local paper La Tercera reported on Tuesday, as Codelco would get a hold of a new, ma...Read More
This week's episode features Northern Miner production editor Blair McBride in conversation with host Adrian Pocobelli on recent developments at Victoria Gold's Eagle mine in Yukon. McBride recounts a series of unusual events, including a heap leach pad failure at the mine, which occurred while he was attending an investment conference in Dawson City. He details the company's and the Yukon governm...Read More
This week's episode features CPM Group managing partner Jeffrey Christian in conversation with host Adrian Pocobelli on the gold market. Christian describes what he sees as the major factors impacting the gold price, including a growing demand for physical metal as a hedge against geopolitical uncertainty and perceived stability of the financial system. He also explains why physical gold demand h...Read More
This week's episode features AI.Energy CEO Mariem Akrout in conversation with host Adrian Pocobelli on the latest developments in artificial intelligence, as well as its general impact on the mining industry. Akrout explains how AI can create efficiencies within companies to save both money and time, as well as how AI technology can be used to reassess deposits, providing more accurate and efficie...Read More
Near Carmacks, Yukon Western Copper and Gold's (TSX: WRN; NYSE-AM: WRN) Casino project sits at the potential junction of a trans-Canadian green power conduit while promising metals needed for the energy transition. The company, which calls Casino the world's fifth-largest copper-gold project controlled by a junior miner, has been buoyed by Rio Tinto (LSE: RIO; ASX: RIO) upping its stake to 9.7%...Read More
Val-d'Or, Que. - Look towards the horizon from the viewing tower at Parc Belv?d?re in Val-d'Or, Que., and it's just visible where a new kid on the block wants to move in and open the golden valley's next mine.Explorer and developer O3 Mining (TSXV: OIII; US-OTC: OIIIF) plans to turn its Marban Alliance project into a producing mine by 2027, CEO Jose Vizquerra said during a recent site visit. Marba...Read More
Grid Metals (TSXV: GRDM; US-OTC: MSMGF) has got a plan B to start producing battery metal in case Ottawa torpedoes its leading option with China's Sinomine Resources. Toronto-based Grid is in talks to spend $4.65 million for the idled True North gold mine held by 1911 Gold (TSXV: AUMB), Grid president and CEO Robin Dunbar said on a site visit this month. The mill's 450,000 tonnes annual capacity w...Read More