BHP exits US shale business with US$10.5B sale to BP
In a deal with deep implications for both seller and buyer, the world’s largest mining company BHP Billiton (NYSE: BHP) has sold the bulk of its onshore U.S. oil and gas…
Fast News
Yamana set to exceed 2018 gold production guidance
Yamana Gold (TSX: YRI; NYSE: AUY) expects to exceed its previous 2018 production guidance of 900,000 oz. gold after achieving higher than expected production at its Chapada, Canadian Malartic, Jacobina…
OceanaGold tables strong financials despite production dip
Melbourne-based gold miner OceanaGold (TSX: OGC; ASX: OGC) has recorded a particularly robust first half of the year, with profits rising up 45%, revenue up 21%, and debt cut in…
Cameco suspends production at McArthur River and Key Lake
Cameco (TSX: CCO; NYSE: CCJ) will indefinitely suspend production at its McArthur River and Key Lake uranium mines in Saskatchewan, and, as a result, permanently lay off 550 site employees….
Newmont buys 50% stake in Galore Creek from NovaGold
Newmont Mining (NYSE: NEM) has acquired NovaGold Resources’ (TSX: NG; NYSE-AM: NG) 50% stake in the Galore Creek copper-gold project in B.C. for staged payments of up to US$275 million….
Barrick loses US$94M in Q2
Barrick Gold (TSX: ABX; NYSE: ABX) reported a net loss of US$94 million (8¢ per share) in the second quarter on revenues of US$1.71 billion. In the same quarter a…
McEwen Mining releases Black Fox drill results
Since acquiring the Black Fox complex in northern Ontario last October, McEwen Mining (TSX: MUX; NYSE: MUX) has set aside $15 million for exploration in 2018 to test for extensions…
Klondex spinoff Havilah Mining begins trading
With Hecla Mining‘s (NYSE: HL) takeover of Klondex Mines now completed, the resulting Klondex spinoff company Havilah Mining (TSXV: HMC) has started trading as of July 25, with its primary listing…
Fraser Institute says Canada ‘taking longer’ to give exploration permits
A new study on mining and investment by the Fraser Institute claims investors are losing confidence in the permitting process for mineral exploration in many Canadian provinces. The Canadian think…
Ecuador eases rules on early-stage exploration drilling
Ecuador’s Minister of Energy and Non-Renewable Natural Resources says holders of mining concessions can now drill on early-phase exploration projects in the country. Previously, drilling was only permitted during the…
Western Atlas Resources founder and CEO boosts stake in company
President and CEO Fabio Capponi of Western Atlas Resources (TSXV: WA) has increased his stake in the company to 23.37%, or 13.67 million common shares. The junior exploration company with…
Nutrien sells Arab Potash stake
Nutrien (TSX: NTR, NYSE: NTR) is selling its 28% stake in Arab Potash to China’s State Development and Investment Corp. for $502 million. The sale of Arab Potash was required…