Chile’s drought forces Antofagasta to cut copper guidance
The miner now expects to produce between 710,000 tonnes and 740,000 tonnes of copper this year, down from its previous forecast of 730,000 tonnes to 760,000 tonnes.
South America
Resource nationalism sweeps top mining countries in Latin America
A move towards resource expropriation, tax and royalty increases, as well as demands for local participation in companies’ ownership–all components of resource nationalism–continues to increase, with Latin America taking centre…
Rio2 tests non-carbon gold recovery tech for Fenix project
Rio2 (TSXV: RIO) is moving to the next stage of testing of a new gold processing technology developed by Canadian nanotechnology company, Sixth Wave Innovations (CSE: SIXW), after initial tests…
Wheaton announces record revenue, cash flow and sales volume for first half of 2021
Wheaton Precious Metals (TSX: WPM; NYSE: WPM; LSE: WPM) announced strong results for the second quarter of the year, saying it remains on track to achieve 2021 guidance of 720,000…
Gran Colombia Announces Closing of Offering of US$300 Million
Gran Colombia Gold (TSX: GCM; OTCQX: TPRFF) has completed its previously announced offering of US$300 million in 6.875% senior unsecured notes that are due in 2026. South America-focussed Gran Colombia…
Chilean lawmakers postpone vote on controversial mining royalty bill
Bill calls for a 3% royalty on sales of over 12,000 tonnes of copper productions a year and 50,000t/y of lithium.
Anglo American, Salzgitter to jointly advance green steel
Anglo American (LSE: AAL) and German steel producer Salzgitter Flachstahl will work together on decarbonizing the steel sector by exploring ways to reduce carbon emissions. The partners intend to conduct research into…
SSR Mining sells non-core royalty portfolio to EMX Royalty
SSR Mining (TSX: SSRM; NASDAQ: SSRM; ASX: SSR) is selling its non-core royalty portfolio to EMX Royalty (TSXV: EMX; NYSE-AM: EMX) for a total of US$100 million. The sum consists…
Anglo American half-year profit best in its 104-year history
The diversified miner reported pre-tax profits of $10.1 billion for the six months to June, more than double what it made in 2020 as a whole.
US markets rise, July 19-23
The Dow Jones Industrial Average rose 1.08% to finish the week at 35,061.55 and the S&P 500 climbed 1.96%% to 4,411.79. Spot gold dropped US$10.00 per oz., or 0.55%, to US$1,802.20…
TSX Venture down, July 19-23
The S&P/TSX Venture Composite Index dropped 0.63% to finish the trading week at 902.56. Spot gold fell US$10.00 per oz., or 0.55%, to US$1,802.20 per ounce. Nouveau Monde Graphite climbed 39¢ to $8.95….
TSX up, July 19-23
The S&P/TSX Composite Index rose 1.02% to 20,188.43 during the July 19-23 trading week. The S&P/TSX Global Mining Index climbed 0.50% to 107.36, and the S&P/TSX Global Base Metals Index…