Gold ETFs log US$21B rise in first quarter, WGC says
Global gold exchange-traded funds (ETFs) grew by US$21 billion in the first quarter to reach their second highest quarterly level by value since the second quarter of 2020 at the…
Financing
Uzbekistan, US companies ink mineral deals
The United States has stepped up its global pursuit of strategic minerals with the signing of a deal promoting American mining investments in Uzbekistan. The announcement comes after a Uzbek…
Alpayana poised to let Sierra takeover bid die
Peru’s Alpayana said it’s prepared to let its revised bid for Sierra Metals (TSX: SMT; US-OTC: SMTSF; BVL: SMT) expire in two weeks after the Canadian miner urged shareholders to…
Carney would OK projects in two years to Poilievre’s one
Liberal leader Mark Carney is pledging to expand Canada’s mineral exploration tax credit and approve resource projects within two years through a dedicated office. Carney, who faces main challenger Pierre…
Dryden encounters ‘significant’ visible gold at Elora
Canadian junior miner Dryden Gold (TSXV: DRY; USOTC: DRYGF) says it encountered “significant” visible gold during deeper drilling at its Elora property in Ontario. The newly discovered section in hole…
PDAC Video: BHP works towards 2026 production start for Jansen potash mine
Leveraging a US$10 billion investment to build its Jansen potash mine in Saskatchewan, BHP (NYSE, LSE, ASX: BHP) is targeting 4.3 million tonnes of production by next year, says project…
Barrick eyes over $2B in financing for Reko Diq
Barrick Gold (TSX: ABX; NYSE: GOLD) plans to secure more than $2 billion (C$2.84 billion) in financing for its Reko Diq copper and gold project in Pakistan, with term sheets…
Uranium supply could dry up by 2080s: OECD, UN
Global uranium reserves could be exhausted by the 2080s if demand for nuclear energy continues expanding at its current pace, the Paris-based Nuclear Energy Agency and the UN’s International Atomic…
Deep Yellow delays Namibia project on uranium price
Uranium developer Deep Yellow (ASX: DYL) says it will defer the final investment decision on its main Tumas project in Namibia for the second year running, this time until market…
PDAC video: Eldorado targets 43% output surge
Eldorado Gold (TSX: ELD; NYSE: EGO) is aiming for a 43% increase in output over the next three years over 2023 gold production levels as new projects enter operations and…
Ontario’s $11B in tariff aid defers mining tax
Ontario plans to provide about $11 billion in relief to workers and businesses to help weather the impact of U.S. tariffs. The support package includes deferring business taxes, including the mining…
PDAC video: McKinsey warns of $5T critical minerals capital need
Critical mineral miners will need about $5 trillion in investments by 2035 to meet projected demand, McKinsey & Co. senior partner Patrick Lahaie said in a video interview. The figure…