Hudbay posts US$51.9M loss on Constancia suspension
Canadian miner Hudbay Minerals (TSX: HBM, NYSE: HBM) posted a US$51.9 million loss in the second quarter, as an eight-week suspension of its Constancia copper mine in Peru weighed on results….
2020
Horizonte plans $325M financing to develop Araguaia nickel project in Brazil
Horizonte Minerals (TSX: HZM) announced that it is arranging a senior secured project finance facility of up to US$325 million to fund the construction and development of its flagship Araguaia…
Wesdome meets production guidance in Q2
Wesdome Gold Mines’ (TSX: WDO) Eagle River complex in Ontario churned out 25,142 oz. gold in the second quarter at all-in sustaining costs (AISCs) of US$879 per ounce. According to…
U.S. Gold adds Idaho project to portfolio
U.S. Gold (NASDAQ: USAU) is adding a new exploration project to its portfolio through its acquisition of Northern Panther Resource Corporation, which holds the Challis gold project in Idaho. U.S. Gold is…
Equinox generates record gold production in Q2
In the second quarter, Equinox Gold (TSX: EQX; NYSE-AM: EQX) produced a total of 127,016 oz. gold at all-in sustaining costs (AISCs) of US$900 per oz. sold, from six mines…
M&A deals reached US$8.8B in Q2: GlobalData
A total of US$8.86 billion worth of M&A deals were struck in the metals and mining industry globally during the second quarter of 2020, according to the latest report from…
Lucara Diamond ends second quarter with $14M loss
Lucara Diamond (TSX: LUC) saw revenues fall 82% in the three months to June 30 from the same period last year after it decided to hold back the sale of…
The Northern Miner Podcast – episode 199: Senior reporter Carl A. Williams on Laurentian University’s Metal Earth research program
This week’s episode features an interview with Northern Miner senior reporter Carl A. Williams about the $104-million Metal Earth research and development program led by the Mineral Exploration Research Centre…
US to reimpose 10% tariff on Canadian aluminium
The U.S. government will reimpose a 10% tariff on some aluminium imports from Canada as of Aug. 16, U.S. President Donald Trump announced during a campaign event at a Whirlpool…
Premier to buy Getchell gold project in Nevada
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has entered into a definitive purchase agreement with Waterton Global Resource Management to acquire a 100% interest in the Getchell gold project, which…
BHP to pay $840M to end coal energy dependence in Chile
BHP’s (LSE: BHP; NYSE: BHP) Escondida and Spence copper mines in northern Chile are poised to pay a total of US$840 million for an early end to a 2008 energy…
Osisko hits more high grades at Windfall
Osisko Mining (TSX: OSK) has released high-grade drill results from the Lynx and Triple Lynx zones at its Windfall gold project, 700 km northwest of Montreal. Drill highlights from the…