Evolution's Klein sees gold going higher in 2025

Australian mining company Evolution Gold executive chairperson Jake Klein predicted during his speech at the Diggers and Dealers conference on Tuesday that the gold rally is far from over and... 

Deep Yellow projects robust uranium demand, prices to stay higher

Pure-play uranium company Deep Yellow aims to produce ten-million pounds a year within the next decade, driven by strong demand and a market deficit, says head of business development Andrew Mirco.... 

‘Too big to fail’ lithium to remain crucial amid market uncertainties, says IGO’s Vella

Lithium will continue to play a key role in the future of battery technology and in the broader energy transition, despite significant market uncertainties, according to Australian miner IGO MD... 

Agnico Eagle affirms guidance, earmarks extra $50m for exploration

Canada-based gold miner Agnico Eagle is confident that it will achieve its full-year production and cost guidance, CEO Ammar Al-Joundi said last week, reporting the company’s second-quarter... 

Woodside acquires Texas ammonia project for $2.35bn

Australia-headquartered Woodside on Monday announced a binding agreement to acquire a lower carbon ammonia project in, Texas, US, for $2.35-billion. CEO Meg O’Neill said the acquisition of OCI... 

Lynas updates Mt Weld rare earths resources

Critical minerals miner Lynas Rare Earths has updated its Mt Weld mineral resource statement, reporting a significant increase in tonnage and contained total rare earth oxides (TREO) compared with... 

Peabody achieves first development coal at Centurion

The Centurion coking coal growth project, in Australia, is continuing to advance on time and on budget, reports US-headquartered miner Peabody reports. The company has produced the first... 

Trafigura to provide A$100m for Australia copper/zinc mine

Australia’s Develop Global has agreed a A$100-million prepayment/loan facility and offtake agreement with global commodities trader Trafigura for the Woodlawn copper and zinc mine in New South... 

Çöpler restart uncertain, remediation to cost up to $300m - SSR

The timeline for restarting mining operations at the Çöpler mine, in Türkiye, remains uncertain, dual-listed SSR Mining said this week, stating that it was continuing to work with authorities to... 

Record production, lower costs drive Alamos free cash flow to $107m

Canadian miner Alamos Gold has delivered a record performance in the second quarter. Production exceeded the quarterly guidance and, combined with lower costs, the TSX- and NYSE-listed company... 

Kinross posts strong second-quarter results

Canada-headquartered Kinross Gold has had a strong second quarter, supporting an “excellent” first half of the year, CEO Paul Rollinson reported on Wednesday. The company’s portfolio of mines in... 

OceanaGold reaffirms 2024 guidance despite lower Q2 output

Toronto-listed OceanaGold is on track to meet is 2024 production, cost and capital guidance, despite reporting lower second quarter production. The miner, which operates mines in the US,... 

BHP expands copper portfolio with strategic South American acquisition and JV

Diversified miner BHP on Tuesday announced a strategic move to expand its copper portfolio by jointly acquiring, with Lundin Mining, an advanced-stage copper exploration project in South America.... 

Bellevue stock falls on discounted A$150m capital raise

The share price of Bellevue Gold sunk 22% on Friday, as the gold miner unveiled a discounted capital raise of A$150-million. The ASX-listed company received firm commitments for a fully... 

Eldorado maintains 2024 operational guidance

Canada-based Eldorado Gold has reaffirmed its 2024 production guidance of 505 000 oz to 555 000 oz of gold at an all-in sustaining cost of $1 190/oz to $1 290/oz. The company produced 239 439 oz... 

Graphite One advances US domestic supply chain strategy

Progress towards a domestic US supply chain for advanced graphite materials marched forward on Thursday with the announcement of a supply agreement between Graphite One and California-based... 

Fenix to build new WA iron-ore mine

ASX-listed Fenix Resources is set to build a new mine in Western Australia’s Mid-West with the announcement that it is proceeding with the Beebyn-W11 project. According to a new feasibility study,... 

Argent hikes Kempfield silver resource by 54%

Exploration and development company Argent Minerals on Wednesday announced substantial resource upgrade for the Kempfield silver deposit, in New South Wales. The mineral resource estimate for all... 

Rox outlines PFS for high-grade, midtier WA gold mine

The board of Rox Resources has given approval to progress the Youanmi project, in the Murchison region of Western Australia, to a definitive feasibility study, following a positive prefeasibility... 

Peak and Shenghe extend partnership to fund Tanzania REE mine

Australia’s Peak Rare Earths has signed a nonbinding term sheet with Chinese miner Shenghe to support the development and funding of the Ngualla rare earths element (REE) project in Tanzania. The... 

US miners applaud, urge action on mine permitting

National Mining Association (NMA) president and CEO Rich Nolan said on Monday that maintaining the status quo on mine permitting was no longer viable and urged immediate reform of the process. In... 

Higher, all-cash offer emerges for Sierra Rutile

ASX-listed Sierra Rutile on Monday announced a new offer for the company – the third in the last four months – with major shareholder Lenoil throwing its hat in the ring. Lenoil, which has an... 

Spartan awards Barminco A$18m Dalgaranga contract

Mining services company Perenti on Monday announced that its Barminco subsidiary had been awarded a new development contract with ASX-listed Spartan Resources and extensions to four existing... 

South32 to contest EPA's Worsley conditions, flags $554 impairment

Diversified mining company South32 plans to contest the Western Australia Environmental Protection Authority’s (EPA’s) recommendations for its Worsley development project, arguing that the proposed... 

Avira earns majority stake in Swedish project

ASX-listed Avira Resources has completed the Stage 2 earn-in requirements for the prospective Puolalaki nickel/copper/cobalt project, in Sweden. “We are thrilled to have completed the Stage 2... 

Metalicity puts Admiral Bay up for sale

ASX-listed Metalicity has appointed stockbroker Argonaut PCF to seek indicative offers for its Admiral Bay zinc project in the Kimberley region of Western Australia. The company points out that... 

Kingrose says exploration under BHP alliance in full swing

Exploration activities under Kingrose Mining’s alliance agreements with BHP in Norway and Finland are in full swing, says Kingrose MD Fabian Baker. These programmes have been designed with the... 

Whitehaven sees higher near-term coal prices

Australian coal miner Whitehaven is forecasting higher metallurgical coal prices over the near and long term, citing production constraints of hard-coking coal from Australian producers, combined... 

Anglo cuts steelmaking coal outlook after Australian mine fire

Diversified major Anglo American has revised its coal production guidance for year to account for the impact of a recent fire at the Grosvenor underground mine, in Australia. Due to the incident,... 

AngloGold and new European investor back G2’s capital raise

Gold mining major AngloGold Ashanti and a new European investor have thrown their weight behind Canadian junior G2 Goldfields’ latest capital raise for its Oko project, in Guyana. The TSX-V-listed... 

Fortescue axes 700 roles in global overhaul, appoints CFO

Prominent Australian mining and energy group Fortescue on Wednesday announced the simplification of its organisational structure, the appointment of a new CFO and COO, as well as 700 redundancies... 

Assore invests C$68m in Marimaca Copper

Assore International Holdings (AIH), a subsidiary of South Africa’s Assore Group , has made a C$68-million investment in Toronto-listed Marimaca Copper that owns the Marimaca project in Chile’s... 

C$195m BC highway upgrade to benefit minerals-rich Golden Triangle

The mineral-rich Golden Triangle of British Columbia received a boost on Monday, with the announcement of a C$195-million highway infrastructure upgrade that will support the development of mining... 

Foran approves C$600m Saskatchewan copper mine build

The board of Canada-based Foran Mining has made a formal decision to proceed with the C$604-million construction of the underground McIlvenna Bay copper and zinc mine, in Saskatchewan. The board... 

Rio Tinto ‘growing with discipline’, says CEO

Australia-headquartered mining major Rio Tinto is continuing to grow in the materials the world needs for the energy transition and is doing so “with discipline”, CEO Jakob Stausholm said on... 

Rio Tinto's Guinea iron-ore mine and infrastructure project clears all regulatory hurdles

The major Simandou iron-ore mine and infrastructure project, in Guinea, has cleared all regulatory hurdles, marking the path forward for $11.6-billion integrated development. The project, hailed... 

Paladin-Fission deal receives Canadian Competition Act clearance

The acquisition of Toronto-listed Fission Uranium by Sydney-listed Paladin Energy has received Canadian Competition Act clearance, satisfying an important condition for the completion of the... 

Dismissal of ‘bad actor’ lawsuit clears path for Hecla’s Montana project

NYSE-listed Hecla Mining has announced the dismissal of a ‘bad actor’ lawsuit that has been impacting its Libby Exploration project, in Montana. The lawsuit, filed by environmental groups and... 

Second proxy firm recommends Karora-Westgold deal

The merger between Westgold and Karora Resources has gained the backing of a second major proxy advisory firm, with Glass Lewis also recommending that that shareholders approve the transaction.... 

Bloom Lake halts operations amid nearby forest fires

Iron-ore miner Champion Iron has halted operational activities at the Bloom Lake mine in response to forest fires north of its operations. The company said on Saturday that the forest fires were...