mining

Canada's Department of Finance presented the government’s budget for 2024, leading to new opportunities and challenges for the mining sector. What Happened: The budget promises: A significant reduction in project approval times — a longstanding industry request. A streamlined...

Top Stories for April 17, 2024: During a visit to Pittsburgh, President Joe Biden plans to announce new trade policies aimed at boosting the U.S. steel sector by imposing a 25% tariff on certain Chinese steel and aluminum imports. The move seeks to protect American manufacturing jobs from China...

While industry observers might have anticipated a wave of mergers and acquisitions, Rio Tinto‘s (NYSE:RIO) copper chief, Bold Baatar, sees more value in building new mines from the ground up. He will inherit the commercial post in September, replacing Alf Barrios. "For us, the focus is...

McEwen Mining (NYSE:MUX), a Nevada-based gold and silver producer, has announced an acquisition of a junior gold miner, Timberline Resources (OTCQB:TLRS). This move comes amid a surge in mergers and acquisitions within the gold sector, driven by increased gold prices and companies seeking synergies...

As the global economy continues its recovery trajectory, the spotlight remains firmly fixed on commodities, particularly copper, a key player in various industrial sectors. JPMorgan analyst Bill Peterson, has provided valuable insights into the performance and prospects of two prominent players in...

Top Stories for April 16, 2024: 1. Gold Resource (NYSE:GORO) reported preliminary Q1 results, including sales of 3,557 ounces of gold and 216,535 ounces of silver, totaling 5,965 gold equivalent ounces.  The company also sold 1,682 tons of zinc, 264 tons of copper and 667 tons of lead.  CEO...

Barrick Gold Corporation (NYSE:GOLD), the world’s second-largest gold producer, reported preliminary gold production of 940,000 ounces for the first quarter of 2024. This figure fell short of analyst estimates and reflects a continuation of the company’s production challenges...

Top Stories for April 15, 2024: 1. Piedmont Lithium (NASDAQ:PLL) received approval from the North Carolina Department of Environmental Quality for a mining permit for its Carolina Lithium project in Gaston County.  This permit, issued after a detailed review since August 2021, enables the...

Gold Road (OTCPK: ELKMF), an Australian mid-tier gold producer, confirmed interest in acquiring a stake in Greenstone Gold Mines – a Canadian joint venture project between Equinox Gold (AMEX:EQX) and Orion Resource Partners. With escalating geopolitical conflicts and a re-ignited threat of...

Editor’s Note: This article has been updated with a spelling correction in the headline. The United States and the United Kingdom have launched new measures to disrupt Russia’s revenue stream. The latest sanctions target commodity exports by prohibiting metal exchanges from accepting...

Top Stories for April 12, 2024: 1. U.S. Steel (NYSE:X) and Nippon Steel are considering delaying the closure of their $14.1 billion deal until the second half of 2024 due to political resistance and ongoing investigations.  Initially expected to close by mid-2024, the deal faces opposition from the...

Canada Nickel Company (OTCQX:CNIKF) is accelerating the development of its flagship Crawford nickel project in Ontario. The company recently announced the commencement of Front-End Engineering Design (FEED) by Ausenco Engineering Canada in the district, where it also plans a $1 billion processing...

Top Stories for April 11, 2024: 1. Ivanhoe Electric (NYSE:IE) and Saudi Arabian Mining Company Ma’aden’s joint venture completed its first quarter of exploration in Saudi Arabia, successfully conducting a 76 km2 Typhoon survey around the Al Amar mine. Exploration identified drill-ready...

Revival Gold ((OTCQX: RVLGF)) has finalized an all-stock deal worth $21.9 million to acquire Ensign Minerals, a privately held exploration company. This acquisition marks Revival’s second gold asset in the United States, solidifying its foothold in the North American gold market at times of...

Top Stories for April 10, 2024: 1. Gatos Silver Inc (NYSE:GATO) announced its first quarter 2024 production results for the Cerro Los Gatos mine in Mexico, highlighting a strong quarter with mill throughput increasing 11% year-over-year to over 3,200 tons per day — a new quarterly record.  Silver...