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Metals and Mining Industry News
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Evolution Mining (ASX: EVN) maintains FY27 guidance as net cash reaches A$141m
Evolution Mining has maintained its FY27 production and cost guidance after generating A$466 million in quarterly net mine cash flow, supported by high realised metal prices and continued investment in three organic growth projects.
Rio Tinto targets US$5bn capital release as copper and iron ore output strengthens
Rio Tinto has reported stronger third-quarter iron ore sales, continued copper growth at Oyu Tolgoi and more than US$2 billion in announced capital-release initiatives, while maintaining its 2026 production guidance.
Wia Gold (ASX: WIA) extends Kokoseb underground discovery as US$1.2bn gold project advances
Wia Gold has reported substantial underground drilling results at its Kokoseb project in Namibia, supporting further resource growth opportunities beneath a planned open-pit operation backed by a completed definitive feasibility study.
Wildcat Resources (ASX: WC8) advances Tabba Tabba with A$60m placement and Bolt Cutter drilling
Wildcat Resources has strengthened its cash position following a major institutional placement and continues advancing the Tabba Tabba definitive feasibility study, while a maiden resource at Bolt Cutter Central could expand its longer-term lithium development options.
Canada wants a new heavy rare-earth supply chain. Can Torngat’s new CEO get Strange Lake built?
Torngat Metals has installed Michael McCann as Chief Executive Officer as its Strange Lake rare-earth project moves from feasibility work toward environmental approvals, financing and eventual construction. The privately held Canadian developer could support around 1,000 construction jobs and hundreds of operating positions, but the employment opportunity remains dependent on regulatory approval and project financing.
KEFI (AIM: KEFI) restarts Tulu Kapi gold project after September suspension in Ethiopia
KEFI Gold and Copper has resumed development at its Tulu Kapi project following a serious security incident, placing community engagement and construction sequencing at the centre of its next phase.
QMines (ASX: QML) expands exploration potential at Mt Chalmers copper-gold project
QMines has identified an 11-metre interval of visible copper sulphide mineralisation outside the existing Mt Chalmers resource in Queensland, opening a new exploration target along a prospective geological corridor while assay grades and continuity remain unconfirmed.
Elevra secures a major LG lithium contract, but why does pricing remain the biggest risk?
Elevra Lithium has secured a binding 240,000-tonne spodumene supply agreement with LG Energy Solution, strengthening demand visibility for its Québec operation. However, undisclosed pricing protections, volatile realised prices, negative group operating cash flow and a planned expansion to 373,000 tonnes annually leave important questions about future profitability.
Caspin Resources (ASX: CPN) lifts Kelpie tin resource 45% as Bygoo development case advances
Caspin Resources has increased the Kelpie deposit's contained tin resource to 28,000 tonnes, strengthening the potential scale of its New South Wales project while leaving resource confidence, metallurgy and economic feasibility as critical development questions.
Cleveland-Cliffs promised to protect Stelco jobs. Why is Canada now threatening enforcement over 500 workers?
Cleveland-Cliffs Inc. is facing escalating pressure from the Canadian government after Stelco began idling finishing operations at Hamilton Works, potentially affecting up to 500 employees. The dispute is unusually consequential because employment protections formed part of the binding commitments attached to Cleveland-Cliffs' 2024 acquisition of Stelco. What might otherwise have been an industrial restructuring has therefore become a test of how aggressively Canada will enforce foreign-investment promises when market conditions deteriorate.