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Metals and Mining Industry News
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OR Royalties portfolio expands production pipeline with Cuiú Cuiú, Amulsar and Cariboo milestones
OR Royalties gains new production catalysts as Cuiú Cuiú pours first gold, Amulsar nears startup and multiple royalty assets advance.
Global Atomic’s Dasa uranium cost climbs to US$777.2m after DFC financing approval
Global Atomic Corporation has secured board approval for up to US$414.2 million of United States development financing, but a sharp increase in Dasa Project costs and a remaining US$152.7 million equity requirement keep funding risk firmly in view.
Luca Mining to acquire Agnico Eagle’s El Barqueño gold project in Mexico
Luca Mining Corp. has agreed to acquire Agnico Eagle Mines Limited’s El Barqueño project in Mexico through a heavily milestone-based structure, but the property cannot currently be drilled because of a permitting dispute in Jalisco.
Silver Mines launches A$70m placement and A$26m Bowdens royalty buyback
Silver Mines Limited is raising A$70 million and spending A$26 million to remove two royalties over the Bowdens Silver Project, strengthening its position ahead of permitting and financing decisions for one of Australia’s largest undeveloped silver deposits.
MP Materials faces unusual shareholder twist as China Rare Earth Group targets Shenghe
China Rare Earth Group is in talks to acquire Shenghe Resources, Reuters reported citing sources, potentially placing Shenghe’s roughly 3.1% MP Materials interest under a Chinese state-owned rare-earth group while the US government holds a separate strategic investment in the American producer.
Agnico Eagle sells El Barqueño to Luca Mining in milestone-linked Mexico mining deal
Luca Mining is acquiring Agnico Eagle Mines Limited’s El Barqueño project in Mexico through a milestone-linked deal that could reach $60 million before royalties.
Could Codelco cut jobs? New CEO Jorge Gómez prepares turnaround after production slump
Codelco is preparing a major restructuring under new Chief Executive Officer Jorge Gómez as lower copper production and rising costs overshadow stronger earnings from record metal prices, putting its large employee and contractor base under closer scrutiny.
5E Advanced Materials wins court approval for Searles Valley critical minerals acquisition
5E Advanced Materials has won court approval to acquire Searles Valley assets, adding boron production, infrastructure and new financing obligations.
West African Resources (ASX: WAF) nears record high after A$437m profit and 20-cent dividend
West African Resources produced A$437 million of first-half profit and A$690 million of operating cash flow, allowing the Burkina Faso gold miner to return A$229 million to shareholders while accelerating debt repayment.
Orezone Gold targets 1.63m ounces from Casa Berardi after transformative Quebec acquisition
Orezone Gold values Casa Berardi at $1.05 billion in a new 14-year mine plan targeting 1.63 million ounces of gold through 2040.