Lundin Gold becomes debt free with US$330M repayment to Newmont
Lundin Gold (TSX: LUG; US-OTC: LUGDF) has negotiated a deal with Newmont (TSX: NGT; NYSE: NEM) to buy out the stream credit facility and offtake agreement for its Fruta del…
South America
Vale, BHP, Samarco seek new deal on Brazil disaster
Negotiations resumed this week after the Brazilian government and states rejected the companies’ $7.7 billion offer in December.
Hochschild meets output targets, dividends uncertain
Hochschild Mining (LSE: HOC) said on Wednesday it’s on track to achieve its production targets for 2024 after an increase in gold output boosted its overall first-quarter production. The U.K.-based…
TNM Drill Down: West African Resources posts second top assay in a month from Burkina Faso
Our TNM Drill Down features highlights of the best gold assays of the April 12-19 period. Drill holes are ranked by gold grade x width as identified by data company Mining…
Anglo American bullish on copper outlook, cuts diamond targets
Anglo American (LSE: AAL) reported an 11% increase in its copper output for the first three months of the year, but cut its 2024 production guidance for diamonds, as its…
Rio Tinto, Eramet submit plans to develop lithium extraction tech in Chile
Miners Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Eramet, along with battery maker LG Energy, are among 30 companies from 12 countries that have presented plans to develop…
AbraSilver gets $20M investment from Kinross, Argentina power provider
AbraSilver Resource (TSXV: ABRA; US-OTC: ABBRF) said on Monday it has received investments from both Kinross Gold (TSX: K; NYSE: KGC) and Central Puerto, Argentina’s leading electricity provider, to fund…
G Mining buys Reunion’s Oko West gold project in Guyana for $875M
Montreal-based G Mining Ventures (TSX: GMIN; US-OTC: GMINF) is expanding its South American holdings by taking over Reunion Gold’s (TSXV: RGD; US-OTC: RGDFF) Oko West gold project in Guyana in…
Dubai firm to invest US$550M in Argentinian lithium project
United Mining Projects Corporation, through Marhen Lithium, wants to develop the Rio Grande Sur lithium brine salar project in Catamarca.
‘World record’ rare earths recovery at Colossus: Viridis
The company stated that it has achieved the highest overall bulk ionic recoveries globally, with rates as high as 67%, in its Colossus project in Brazil.
Reunion Gold inks key deal with Guyana
South America-focused explorer Reunion Gold (TSXV: RGD) has reached a key agreement with the government of Guyana, ensuring stable fiscal and operating conditions for its Oko West gold project’s lifespan…
Solaris Resources inks fresh deal with Ecuador communities
Solaris Resources (TSX: SLS; US-OTC: SLSSF) has reached an updated agreement with local communities covering benefits and impacts related to its flagship Warintza copper project in southeast Ecuador. The improved deal, signed…