Exclusive: Barrick CEO Bristow drives another U-turn in a remote land
Barrick Gold (TSX: ABX; NYSE: GOLD), the second-biggest gold miner by market value, this month poured its first gold in Papua New Guinea in nearly four years as CEO Mark…
Financial Matters, M&A
PDAC 2024: Some junior miners must die so others may live, panel says
Canada’s once-mighty junior mining sector crumbled after governments squeezed the middle class and let multinationals buy the country’s big miners, a panel of finance experts told mining’s biggest conference this…
Feds plan scrutiny of Chinese offtake deals, minister says at PDAC
The federal government says it’s considering how to handle offtake agreements that function as loans or investments by China in Canadian mining companies as it continues to clamp down on…
Hochschild Mining to expand in Brazil with gold project option
Precious metals producer Hochschild Mining (LSE: HOC) plans to expand its presence in Brazil through an option deal with Cerrado Gold (TSXV: CERT; US-OTC: CRDO.F) to acquire the Monte Do Carmo…
Harmony Gold to pay record dividend, extend Mponeng mine life
The miner will extend Mponeng’s life from seven to 20 years.
Fury Gold buys Newmont’s half of Éléonore South project in Quebec
Fury Gold Mines (TSX, NYSE: FURY) is spending $4.3 million to buy Newmont’s (NYSE: NEM, TSE: NGT) half of the Éléonore South project next to the mine of the same…
Sibanye-Stillwater to cut 2,600 jobs in South Africa
The precious metals producer kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.
Sibanye-Stillwater posts $3.4B write-down
South Africa’s Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has flagged a 47.5 billion rand ($3.4 billion) impairment on last year’s results due to tumbling platinum, palladium and nickel prices. The company…
Perseus Mining confident of winning ok for OreCorp takeover
Perseus Mining (TSX: PRU; ASX: PRU) is far from giving up on its intended acquisition of OreCorp (ASX: ORR), saying on Monday it was confident of receiving unconditional approval from…
Video: Power Nickel CEO sounds the alarm on naked short-selling
A battle for transparency and the survival of junior mining companies against market manipulation is playing out in real-time, Power Nickel (TSXV: PNPN; US-OTC: PNPNF) CEO Terry Lynch says. Lynch…
Temas Resources’ La Blance PEA pushes shares to 12-month high
An assessment for Vancouver-based Temas Resources’ (CSE: TMAS) La Blache titanium-vanadium-iron project in eastern Quebec boasts a $6.8-billion net present value that is more than six times higher than its…
Private equity firms are poised to invest billions in battery metals
Private equity firms say they will boost investments in battery metal projects this year as depressed company valuations, plunging commodity prices and slumbering stock market financing create opportunities. London-based Appian…