Barrick will pay $438m to the government in exchange for the release of detained employees, the return of seized gold, and the resumption of operations at Loulo-Gounkoto.
The financing follows Ascot's announcement earlier this month that it will delay the restart of the Premier gold project.
Metallurgical tests show that 93.5% of non-rare earth material can be removed early, leaving only 6.5% of ore needing further refining.
Spot gold reached a new all-time high of $2,954.84 per ounce on Thursday.
IGO’s half-year result included large write-downs amid ongoing uncertainty about the company’s Kwinana lithium refinery.
Wyloo will hold a 60% participating interest in the JV with Hastings, serving as the project manager and operator.
They will jointly develop their adjacent Los Bronces and Andina mines, in a bid to boost copper production without major investments.
The Council said the updates reflect the latest industry knowledge and guide companies to strengthen the governance and long-term stability of closed facilities.
The project has a resource estimate of almost 1 billion lb. in copper.
The PEA estimated an after-tax net present value of C$2 billion, internal rate of return of 29% and a 1.9-year payback period.
The parties have also agreed to undertake metallurgical studies using proprietary technologies developed by Dundee Sustainable Technologies.
The IRC assessment demanded 456 million kinas (nearly A$176 million) in additional taxes and penalties.
Initially established as a moratorium during the 1981 provincial election, uranium mining and exploration was fully banned in 2009.
China is keeping its powder dry on rare earth and graphite export bans, for now.
The miner tested Atomionics' quantum gravity sensor for exploration for the first time in Arizona.
The iron ore project in Newfoundland and Labrador is located near Rio Tinto's IOC operations.
Bullion has recovered since recording its biggest intraday decline in two months on Friday.
The coming months will be pivotal for Greenland-focused rare earths developer Energy Transition Minerals.
The milestone follows Jubilee's recent agreement to secure 200,000 tonnes of material with a copper content of around 1.6% for its Roan facility.
Ukraine holds the largest titanium reserves in Europe, ranking in the top-5 for titanium rutile reserves, capable of meeting US and EU metallic titanium demand for over 25 years.
Micromine Advance is the first and only dedicated mine planning solution for underground metals, the company said.
Canadian Mining Journal editor-in-chief Dr. Tamer Elbokl explores the implications of recent US tariffs.
Building on the mine extensions, New Gold has presented a three-year outlook that illustrates higher production and cost reduction.
The fund will support exploration at the Nisk nickel-copper project.
The founder and CEO of Sibanye-Stillwater will step down at the end of September after 12 years leading the company.
The agreement raises the state’s stake in the Nampala gold mine to 20%, complying with the country’s stricter mining laws.
The Toronto-listed miner said it had "many successful meetings" at the African Mining Indaba Conference.
Ivanhoe said it will use the funds to complete the ongoing prefeasibility work for the Santa Cruz project.
The company recently announced a C$30 million bought deal financing to fund its Antino gold project.
Gold stockpiles in the country have been seized and four Barrick employees remain under detention.
The miner plans to break ground in the first half of 2025 and will spend $400 million more than originally anticipated.
The figure is one of the expected contributions from Canada’s second-largest open pit copper mine over the next 20 years.
The companies also reaffirmed their commitment made in April 2024 to cooperate towards development of a dual-fuel haul truck.
Spot gold touched an all-time peak for the eighth time this year at $2,942.25.
Mali is asking for a single payment of $197m, while Barrick is proposing a payment plan distributed over time.
The goal is to begin construction of the now-permitted CK project in late 2025.
Luisa González, a protégé of ex-President Rafael Correa, is capitalizing on public frustration with the economy and gang violence.
First production of spodumene concentrate at Bougouni makes it Mali's second lithium mine to begin operations in less than two months.
The winter 2025 program is expected to run through mid-April, targeting a minimum of 15,000 metres of drilling using four rigs.
According to the think tank, tariffs won’t help make US critical minerals more competitive.
The $100 million facility is expected to begin development in H2 2025.
Monday's rally marks the seventh time gold has set a new record in 2025.
The Rose property is located in northern Québec’s Eeyou Istchee James Bay territory.
The DRC produces 70% of the world’s cobalt, yet nearly $1 billion vanishes from the legal supply chain each year.
The parties will work to convert the MOU into a long-term supply agreement by 2026.
MacMillan, who started out as a prospector in the ’30s, became the central figure in one of Canada's most commented mining scandals.
The Australian junior says China-linked shareholders are attempting to gain control of the board and its Manna lithium project.
Once in production, which could occur as early as July, the Dome Mountain mine is expected to output 15,000 oz. of gold per year.
So far this year, spot gold has risen 32% and spot silver has gained 11%.
The Kern County Fire Department, Los Angeles Fire Department Foundation and the Los Angeles Regional Food Bank will each receive a donation of $200,000.
The Northern Miner takes a look at how market capitalizations among the main players exploring for lithium in Canada differ between the price's peak and its present level.
Fenix represents one of the largest undeveloped gold oxide, heap leach projects in the Americas.
The miner expects Terronera to be ready for full commissioning in early Q2 2025.
Botswana, which holds a 15% stake in De Beers valued at $2.5 billion, is considering increasing its stake in the diamond miner.
The company has deployed its next-generation Centauri-6 satellite last year and its most advanced exploration satellites to date - Centauri-7 and Centauri-8 - in January with SpaceX.
Formalizing ASM and enforcing anti-corruption measures are two sides of the same coin.
De Beers rough diamond production decreased by 26% to 5.8 million carats in 2024.
Director of the Mining Chamber of Panama says unemployment has risen across the country after the Cobre Panama mine closure.
It added 13 million ounces of gold to its probable reserves after completing the project's feasibility study.
Critical Metals will issue 4.5 million shares with an offer of $5.00 per share, a significant discount (over 43%) to its opening price Thursday.
West McArthur is about 20 km west of Cameco’s McArthur River mine.
Nickel Industries' outlook on why it will be a long road back to market for Western nickel producers.
The government will unveil the successful bidders for projects targeting six salt flats by the end of March.
Miners in South Africa are calling for sweeping changes to modernize regulations, streamline licensing and upgrade critical infrastructure to revive the country’s […]
Company is preparing to release an updated PEA at the end of this month for its main Shovelnose project on the Spences Bridge gold belt.
The company said the grant will help rapidly assess subsurface structures, optimise landing site selection, rover navigation, infrastructure planning, and potential resource estimation.
Once scaled to commercial production, the facility in Durham will have a production target of at least 10,000 tonnes a year.
Empress has about $20 million available to deploy into new opportunities, CEO says.
Arca’s pilot project aims to capture CO2 from the air and permanently store it in mineral tailings.
The company is now projecting ore milling to begin in July 2025.
The EIA approvals cover the Central and Northern blocks of the project, which host the majority of Solaroz’s existing lithium resources.
Pierre Gratton, president and CEO of the Mining Association of Canada, addresses immediate concerns and strategies for market diversification.
Funds raised by junior and intermediate mining companies dropped by 12% in 2024 to $10.27 billion, its lowest in five years.
A research team at the Seoul National University of Science and Technology have developed the Roughness-CANUPO-Dip-Facet method.
Perenti's underground mining business has signed a A$120 million contract with NGM for the Goldrush project.
Kuska covers 105 sq. km. of the Ollagüe Salar, which represents one of the first six locations earmarked by the Chilean government for lithium development.
The drilling was designed to validate historical exploration data from work conducted by previous owners between the 1970s and 2000s.
US protectionism could stall mineral processing investment around the world as supply shortages threaten to squeeze markets, delegates warn.
The company also plans to invest $2 billion in the Mingomba copper-cobalt mine in Zambia.
Fortescue has secured access to the undeveloped Blacksmith iron ore project, 30km west of its Solomon operations in Western Australia.
Beijing's retaliation includes export curbs on tungsten, tellurium, bismuth, indium, and molybdenum, vital for defence and clean energy.
The companies said they will shorten the R&D-to-commercialization timeline, rapidly advancing low-iridium catalysts from prototype to industrial-scale solutions.
ICMM members contributed a total of $42 billion to their host countries in 2024.
The countries promised to beef up their borders and tackle the organized crime behind fentanyl trafficking.
The software can be used in operations, early-stage exploration and civil engineering applications.
The deal gives Cerrado an 80% interest in the Lagoa Salgada project in Portugal.
The supply agreement has an initial term of 10 years, with annual delivery of 20,000 tonnes of lithium carbonate.
Grey Fox is part of McEwen's proposed expansion of the Fox Complex in Ontario.
Africa's leaders demand a shift from exporting raw resources to local beneficiation.
Deal comes after more than five years of negotiation and within 100 days of the election of a new government in the country.
Terry Holohan is leaving the gold miner after taking time away following his release by Mali’s ruling military junta.
Gerard Barron told MINING.COM Devan Murugan that the new administration’s focus on domestic mineral production comes at the right time.
Nuclear energy’s comeback from the doldrums after the Fukushima disaster of 2011 is riding a solid spot price wave.
Drilling at the Golddigger property started in 2021, and 92% of the 64 holes drilled last year contain visible gold.
The expansion is part of BHP's ambitious plans to increase its copper cathode production to more than 500,000 tonnes a year by the early 2030s.