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.
Central Puerto SA, Argentina’s leading electricity provider, and Kinross Gold will provide part of the financing.
Before the 15% export tariff, Gemfields suspended production at Kagem, citing market saturation from discounted emeralds.
Pompeo joins ACG as part of a strategic partnership the firm has signed with Impact Investments LLC, where he is executive chairman.
Higher grades and throughput after the end of the regional wet season helped gold production increase to 363,000 oz.
In 2008, Greenland voted to transfer more power from the Danish royal government to the local Greenlandic government.
Inflation adjusted cobalt prices are the lowest in 100 years after a deluge of new supply. Stagnating demand from EVs only adds to the bear case.
The assays reduce risk along with engineering and permitting expected this year, SCP Resource analyst says.
Spot gold reached a record $2,798.50 earlier in the session.
The ramp-up activities are being funded by the initial $100 million deposit from Fujairah Holdings.
The company targets commercial production in Q2 2025.
Lundin must permanently close its Alcaparrosa copper mine and faces a $3.41 million fine, which it can either pay or appeal.
It expects lower production and higher costs in 2025 as its Mako mine in Senegal depletes and fiscal changes in Mali drive up expenses.
A rapidly evolving global landscape means that industry leaders are now facing numerous challenges that they must navigate, as well as opportunities that could be capitalized on, in the near future.
SeAH will purchase all material produced at Almonty's Sangdong molybdenum project in Korea, which is targeting production by the end of 2026.
The new resource exceeds 2.63 billion tonnes with an average grade of 3,926 ppm TREOs.
Gold production is projected to begin by mid-2027.
Investment gives McEwen a 3.76% stake in the Canadian precious metals junior, which owns projects in British Columbia's Golden Triangle.
A network of at least 26 state-backed banks has helped Beijing tighten its grip on critical minerals over the past two decades.
Cheap and cheerful Chinese AI does little to unskew relative valuation of one chipmaker against the entire mining industry.
The order is to support their rail operations at the Simandou iron ore project in Guinea.
The company said this marks a breakthrough in domestic rare earth production.
The company previously submitted a claim for C$90 million with the International Centre for Settlement of Investment Disputes.
The fundraising drew support from existing shareholders and the UK’s National Wealth Fund.
This follows Newmont's initial investment of $2.5 million under an alliance formed in 2022.
Uranium, regarded as key to the development of power-intensive AI as a fuel for nuclear power, fell on Monday night.
India's finished steel imports from China touched their highest levels in at least seven years during the first nine months of the financial year that began in April, according to provisional government data reviewed by Reuters on Monday.
The agreements, inked with some of the largest forestry companies in the world, follow the announcement of plans to build a demonstration facility in Kotka, Finland.
The project is subject to Quebec’s provincial environmental and social impact assessment (ESIA) processes.
The new funding will drive AI and drilling technology development and accelerate discoveries, the company said.
The Rio Tinto-Glencore merger appears stalled and a BHP-Anglo American tie-up is indefinitely postponed, but copper mining is already top heavy.
TDG holds mineral claims covering approximately 320 sq. km of British Columbia's historical Toodoggone production corridor.
The Selebi North mine, 410 km north of the nation’s capital Gaborone, opened in 1990 and operated for 26 years.
The Canadian province has maintained a moratorium on uranium mining since 1981.
China’s CMOC set a new production record last year and plans to maintain similar output levels through 2025.
According to the FT sources, the deal has become "too expensive" for BHP to pursue given the rise in Anglo American’s stock price in recent months.
This month, Viridian was chosen by BHP from hundreds of global applicants to participate in its 2025 Xplor accelerator program.
In 2023, silver mines produced 830.5 million ounces of silver. That total is projected to decline by about 1 percent to 823.5 million ounces in 2024.
World’s biggest gold miner aims to build multi decade presence in Canadian province anchored by “sustainable and responsible mining practices”.
As most Canadian industry leaders have pointed out, the US depends on Canada for a host of minerals and supplies.
Aquitaine Metals head Chris Taylor believes his newest project could surpass one of the biggest recent discoveries of his storied career for scale and richness.
AuRORA discovery is within the prolific Toodoggone-Kemess porphyry disctrict of central British Columbia.
The company pledges to invest up to C$120 million and create over a hundred jobs in a key automotive hub.
Toronto-based Agnico, the world's second-largest gold miner by stock market value, has acquired 94.1% of O3's outstanding common shares.
The goal is to boost the $388 million capex project's resources to over 45 million tonnes.
Mining forms the backbone of British Columbia’s countermeasures.
Operations within the Thompson Nickel Belt have been producing since 1956.
PurePoint is cutting exploration costs in northern Saskatchewan's uranium-rich Athabasca Basin through joint ventures with major players, CEO says.
With this investment, Cyclic said it will accelerate the expansion of its operations across North America and Europe.
In calendar 2024, Fortuna produced 369,637 oz. of gold plus 3.7 million oz. of silver, for a record gold-equivalent production of 455,958 oz.
Copper demand for new energy applications is posed to jump 62% to 42 million tonnes by 2050, according to Teck’s head of market research.
The project will be developed in two phases, with a production capacity of 50,000 tonnes per annum.
The Volta Grande project represents a potential long-life open pit operation with average annual gold production of 205,000 oz.
Integra reported a total production of 72,229 oz of gold for 2024, marking the highest yearly output at the mine in 21 years.
The first-ever Metallurgical Coal Exit List names the companies driving hundreds of new metallurgical coal projects and expansions.
The company is on target for its first gold pour later this month.
The new plant is expected to boost production to more than 170,000 oz. gold per year.
MP Materials expects to produce about 1,000 tonnes of finished neodymium-iron-boron (NdFeB) magnets a year.
Lab assays revealed extensive lithium mineralisation in the C-100 and Aldeia mining areas.
The company has been awarded the Johan Dahl land licence, covering 666.5 km² of the South Greenland copper belt.
The precious metal traded as high as $2,762 an ounce on Wednesday.
Critical metals, uranium and gold will shine this year driven by accelerating deglobalization and energy security demands, Sprott said.
Ballooning US deficits and a dearth of opportunities to mine gold in geopolitically stable jurisdictions are two major reasons to be bullish on the metal, an annual investor forum in Vancouver heard.
MINING.COM's Frik Els says 2025 is already shaping up to be another wild ride for the red metal.
Rio has faced a 12-year permitting battle to develop the Resolution mine, which could meet 25% of US domestic copper needs.
The MOU creates the foundation for shared interests in possible future mining opportunities.
The Blackjack deposit now has an indicated resource of 1.29 million oz. at a gold grade of 1.01 g/t.
Tumas is considered one of the most advanced greenfield uranium projects globally.
The country's development agency is offering $3-$4m over three years for studies on extracting cobalt and rare earths from tailings.
The Saudi Arabian mining fund is set to buy a 10%-20% in the copper and gold project in Pakistan.
Canada’s largest diversified miner reported a 50% increase in annual copper production for 2024, reaching 446,000 tonnes.
Steel consumption in the country may decrease significantly by 2030 Chinese steel companies will cut production amid falling domestic demand Bloomberg reports.
The Mazoon copper project represents a cornerstone of Oman’s mining sector.
A new venture called Resource Resolutions has been launched, aiming to reduce growing societal and geopolitical divisions around natural resources.
Barrick holds a 50% interest in Zaldívar, a joint venture with Antofagasta, which produced about 80,000 tonnes of copper last year.
The updated resource will support a scoping study that the company expects to complete within the coming weeks.
The contained copper in indicated category increased 16% over the 2019 resource estimate.
The copper and gold mine, co-owned by Barrick, Pakistan and the province of Balochistan, is expected to begin production by 2029.
The agreement will help provide the latest breakthroughs in space, multiphysics, and AI drill targeting services to accelerate discovery.
Amarc's CEO called the AuRORA discovery "a significant inflection point" in the exploration of the JOY district with Freeport.
The move is expected to become effective Jan. 23, subject to approvals such as a final court order from the Supreme Court of British Columbia.
The Johnson Camp mine is under construction, with first copper production expected in mid-2025.
Agnico, the second-largest gold miner by stock market value, agreed to acquire O3 last month for about C$204 million.
The Toronto-headquartered company now expects production of 380,000–440,000 tonnes copper this year, down from earlier estimates of 400,000–450,000 tonnes.
The feasibility study includes a re-engineered 2,000-tonne-per-day underground mine plan.
A $160 billion Rio Tinto-Glencore combination makes sense in a copper-centric world, but we've been here before.
The collaboration could also extend to lithium, as Saudi Arabia seeks to import the battery metal from Chile for domestic processing.
The Nampala mine now holds 121,000 oz. in gold reserves.
Since December, Standard Lithium has operated a pilot DLE plant at its South West Arkansas project.
Experts found third-party test data overestimated the shear strength properties of the liner system at the base of the heap leach.
Indonesia’s clout in the global nickel market rivals OPEC’s in oil.
The deal would grant Zijin controlling rights in Zangge Mining, which operates in the mineral-rich western region of Qinghai.
Antofagasta — which operates four copper mines in Chile — maintained its 2025 guidance at 660,000 to 700,000 tonnes.
Companies said they will leverage their complementary expertise to advance efficient extraction, processing, and distribution of critical minerals and metals within the United States.
$1.75 million in research funding from Rio Tinto will support two Research Chairs at UNBC for the next five years.
The world’s biggest miners are now worth $1.35 trillion after losing a combined $126 billion over the course of 2024 as the copper rally faded and gold stocks once again underperformed bullion.
The company recently consolidated a district-scale land package in the Kirkland Lake gold camp of Northern Ontario.
Several nominees for positions in the president-elect’s administration have previously voiced support for ocean mining.
The 100%-owned AZ represents the largest of 17 properties across 425 sq. km held by the company in Canada's Yukon Territory.
State oil giant Aramco and Saudi mining company Ma’aden have joined forces to explore and produce energy transition minerals.
Hummingbird will also waive value-added tax credit claims worth another $16 million in return for the renewal of key exploration permits.
The GAS project, which is set to initially produce up to 2.5 million tons of rock salt annually, represents North America’s first new salt mine in nearly three decades.
The push for data centre storage power is set to boost mining for energy transition metals such as silver for solar panels, copper for wiring, and lithium, cobalt, manganese, iron, nickel and vanadium for batteries.
The company can acquire 100% interest in the Caboose, Kawip and Manic property for total payment of C$300,000.
The Golddigger property spans 666 square kilometres within the Golden Triangle’s Eskay Rift.
Recent success of ABB and Epiroc's collaboration includes the world's first battery-electric trolley truck system at the Kristineberg underground mine.
Sodium-ion batteries could rival lithium-ion batteries in cost by the 2030s.
The 248-sq. km property hosts five deposits and over 25 untested exploration targets.
The project now has an open-pit constrained measured and indicated resource of 6.5 million tonnes grading 1.1% lithium oxide.
The post-tax net present value (5% discount rate) is estimated at $516 million with a 71% internal rate of return.
ASX-listed junior will scale up with the A$166.5 million deal, which is the first mining acquisition in Australia for 2025.
The temporary suspension comes after the military-led government seized gold stocks from the Loulo-Gounkoto complex over the weekend.
Libra's Flanders South, Flanders North and SBC lithium projects are being explored under a $23m earn-in deal with KoBold Metals.
Island Gold is considered one of the highest-grade and lowest-cost gold mines Canada.
The decline follows four straight days of gains in the lead-up to last week's US jobs report.
Gallium is ranked by the United States as the #1 critical mineral by supply risk.
Development follows the Biden Administration's decision to block Japan's Nippon Steel from taking over US Steel.
The US fertilizer company is selling its non-core phosphate mine in Minas Gerais state to Fosfatados Centro.
Barrick's Loulo-Gounkoto site has around four tonnes of gold stocked.
Fastmarkets analyst sees a bumpy road ahead for the copper concentrates market in 2025, forecasting an annual average spot TC of $10.7 per tonne.
The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora.
The manufacturing company officially turns 100 on April 15, marking a century of customer-centric innovation.
Altius interprets the award as providing for significant expansion of its royalty rights on the Silicon project held by AngloGold.
Zijin, a global powerhouse in copper and gold, is advancing its push into the lithium sector with the potential acquisition of Zangge Mining.
Theo Yameogo, EY’s metals and mining leader for North America, notes how mineral security has become a key focus for nations facing increasing trade disputes.
The Toronto-based company produced 452,523 oz. gold last year, it said Thursday.
Copper and molybdenum production for 2024 was 106 million lb. and 1.4 million lb., respectively.
The miner produced 213,906 ounces of gold in the fourth quarter and 621,870 ounces for the full year.
Gold production reached a record 502,029 oz. in 2024.
Audit aims to assess the feasibility of temporarily reopening Cobre Panama and ensuring an environmentally responsible final closure.
The proceeds will be used by Arizona Sonoran to advance its flagship Cactus project.
GoGold’s immediate priorities include releasing a definitive feasibility study “imminently” for its Los Ricos South project in Jalisco.
Energy Minister Jonathan Wilkinson said Trump’s assertion that America doesn't need anything from Canada was “simply false.”
The refinery has a rare earth oxide production capacity of 3,000 tonnes per year.
The 7,000-hectare Birch project is one of the company’s 17 properties across 42,500 hectares in Canada's Yukon Territory.
The $2.7 billion capex project contains 4.2 billion lb. copper, 74.6 million lb. of molybdenum and 15.5 million oz. of silver.
For the year, K92 produced 149,515 ounces of gold, surpassing guidance.
The company is targeting commercial production in 2026.
First gold-silver production from Zancudo is expected by the end of this quarter.
Combined with an existing 6% mineral royalty tax, the 15% export duty on emeralds represents a significant tax burden for Gemfields.
Alta Resource Technologies aims to increase supplies of rare earth elements like neodymium and dysprosium by cost-effectively separating them from abundant low-grade sources
Fazenda has been operating since 1984 as a combined underground and open pit mine, producing over 3.3 million oz. of gold to date.
Teck Coal was found to have contravened the Health, Safety and Reclamation Code for Mines in the province.
Pure Lithium announced results it says have never been previously reported from lithium metal battery cycling, and further proves its technology’s commercial viability.
Highlights among the most recent batch of results include 2.6 metres grading 20.2 grams gold per tonne.
FASTech will be a part of the business unit holding Mastercam, the the world’s leading CAD/CAM software provider.
"Establishing similar grades on the eastern margin increases confidence we can find a Tier 1 gold deposit," its CEO said.
The resumption is a week later than stated in October.
Initially, the parties will explore six areas of interest, with BHP funding $15 million over a three-year period.
Vale's shares in Brazil fell by more than 23% in 2024.
The permit allows the company to begin early works construction activities ahead of schedule.
LGD prices are falling because their manufacturing costs also keep dropping, while slow demand is pulling down natural diamond prices.
The Thacker Pass lithium project is slated to open later this decade and be a key supplier to JV partner General Motors.
Plan involves enlarging the Constancia pit, installing new processing equipment, and raising the tailings dam wall.
The company's Phase 1 operation has a nameplate capacity of 270,000 tonnes per annum of lithium concentrate.
The drilling at the Saddle zone, between the old Springer and Perry mines, is in the project's open-pit shell from a January 2024 resource estimate.
The study envisions a mine life of 14 years, producing 903,000 tonnes of copper, plus 12 million oz. of silver and 63,000 oz. of gold.
Poilievre, the Conservative Party leader, has criticized current permitting delays in the Canadian minerals sector, which can range from five to 25 years.
The 2025 Xplor cohorts will each receive an equity free grant of up to $500,000.
The world's No. 1 cobalt miner produced 114,165 tonnes in 2024, nearly double its 2023 output.
The company said it plans to publish a further update to the resource estimate in the second half of 2025.
The Washington Post reported that Trump aides were considering tariffs targeting critical sectors such as iron, copper, batteries, and rare earths.
Chairman Maximo Pacheco said output rose by 3,000 to 4,000 tonnes from 2023's 1.325 million tonnes in a "turnaround" year.
Barrick is now banned from exporting gold from Loulo-Gounkoto's stock on site, which further disrupts normal operations.
A range of economic and political issues seem likely to keep investors interested in adding gold to their portfolios.
The Montana Supreme Court has affirmed a 2023 district court ruling on its determination of "beneficial use of water" with a 5-2 decision.
US President Joe Biden has blocked the $14.1 billion sale.
Nioko, which holds approximately 41.81% of Hummingbird’s share capital, will submit the revised offer before Jan. 13.
The price is in the range of $4.9 million up to $6.4 million cash.
According to Hudbay, Copper World is expected to increase its consolidated annual copper production by more than 50% from current levels.
Manganese X said it will use the proceeds to advance the Battery Hill project in New Brunswick.
The in-situ recovery JV with Kazatomprom didn’t get an extension to submit its project paperwork.
The funding round valued KoBold at $2.96 billion.
Approximately 900 tonnes of copper concentrates were shipped from the Lasail mine in Sohar.
The funds will be used to transition the Gediktepe mine to copper and zinc concentrate production from gold and silver.
The diamond giant has faced multiple headwinds in recent years.
Timothy Foden, co-head of the arbitration group at Boies Schiller Flexner, looks at legal challenges facing the mining industry.
Mining executives argued for a sharper industry focus on economic solvency, environmental accountability and public perception at a London event this month.
ASM employs some 45 million workers across more than 80 largely undeveloped countries.
Blackwater, located 160 km southwest of Prince George, is expected to become the province’s first new gold mine since the Brucejack in 2017.
Most of Earth's gold is locked up in the mantle, the thick, middle layer of the planet located between the crust and the outer core.
Marimaca reported results from the maiden scout drilling program at the Pias target, located northwest of Pampa Medina within the broader Sierra de Medina property block.
Osisko is progressing its Gaspé copper project in Quebec with new financing and a board now featuring industry heavyweight John Burzynski.
Toronto-based Mandalay has used revenue from its Bjorkdal gold mine in Sweden and Costerfield gold and antimony mine in Australia to accumulate $55 million in cash.
By 2030, McKinsey estimates that worldwide demand for passenger cars in the BEV segment will grow sixfold from 2021 through 2030.
The Australian miner said the claim, witness statements and independent expert reports have all been filed at the International Tribunal in London.
Renforth is updating the resource with 28,000 metres of new drilling.
Eramet becomes the first European company to produce lithium carbonate at an industrial scale.
The Alacran project is pegged as the Colombia's next major copper-gold mine.
The miner said that groups "took advantage" of political unrest to attempt to invade its site.
The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.
The project is one of the largest lithium mines in Africa.
As metal prices soar, mining expands into new frontiers, more communities and Indigenous peoples will be impacted as they are attracted to ASM as a vital lifeline in times of economic turmoil.
Global lithium demand to increase 26% to 1.46m tonnes in 2025, outpacing supply growth.
The biggest change over three decades is China becoming the number one producer, as its output has more than tripled.
Despite its pivotal role, the mining industry faces significant challenges that could hinder its ability to meet global demand.
BMO Capital Markets has lowered its demand estimates for next year on the anticipation that higher tariffs and multilateral trade friction could tamp down industrial output.
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
The lithium mine operated by Australia's Green Technology Metals could become the province's first lithium producer.
The company holds seven Canadian silver assets.
The 5,000-tonne-per-day underground project holds 2 million oz. in reserves and 3.3 million oz. in resources.
America has become unacceptably reliant on foreign competitors for critical materials and manufacturing processes.
Spodumene ore produced at the Barreiro mine will feed its Greentech lithium beneficiation plant.
Solar panels contain twice as much silver today than they did five years ago.
Chilean conglomerate CAP, which has invested $80 million in the company's Penco project, will become a new shareholder.
The Halleck Creek project was named last year as one of the world’s top 10 rare earth projects.
The project is 6 miles from Africa’s largest copper mining complex, the Kansanshi mine held by First Quantum Minerals.
Environmental permit application includes ending the use of domestic land-based water at the mine in 2035.
The new policy will not affect those qualified as "advanced coal projects" such as the controversial Grassy Mountain mine.
Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.
With a personal investment of $225 million on the line, much is at stake for Rob McEwen with the success of McEwen Copper’s flagship Los Azules project in Argentina.
Once in production, the Bougouni project will become the first lithium mine in Mali.
The funds will go towards the construction of a hydroelectric transmission line, an on-site substation and electrical vehicle charging infrastructure.
It has found its first gold system with the help of AI, making mineral exploration faster, more accurate, and cheaper.
Sales revenue for the third tender fell 7% to $71 million, bringing year-to-date revenue to $146 million, down from $188 million last year.
The Vancouver-based gold miner said it expects gold production at Bibiani to exceed 15,000 oz. per month by mid-year.
Once restarted, the Reliquias project would deliver approximately 2.2 million oz. of silver-equivalent production annually over a nine-year life.
Peninsula is anticipating 600,000 lb. of U3O8 production at Lance during the 2025 ramp-up year.
The company is now operating the plant at its South West Arkansas project.
MABC CEO Michael Goehring called the study’s methodology unsound and its conclusions deceiving.
The lithium brine project in Catamarca province is expected to start production in the second half of 2025.
The Koné gold mine will be in production for 16 years and is anticipated to deliver first output by the second quarter of 2027.
Palliser Capital claims Rio Tinto's current dual-listed structure has deprived investors of $50 billion in value.
New forecasts showed several officials penciled in fewer rate cuts for next year than estimated.
The new NPV (at a 5% discount) stands at $735 million, and the IRR is 41%.
Torex's 2024 production forecast remains intact, with the company tracking towards the lower end of the 450,000-470,000 oz. guidance range.
The miner said it could suspend operations if gold shipments remain blocked.
The 2,488ct diamond is named Motswedi ("water spring") and the 1,094ct stone is called Seriti ("aura" or "presence").
Patriot's project will supply lithium to Volkswagen’s battery company PowerCo in Europe and North America.
A preliminary techno-economic analysis has found that the new process could be less expensive than conventional methods of making graphite.
Jimena Blanco, chief analyst at Verisk Maplecroft, says that geopolitical tensions are causing major shifts in global mining policies.
The latest results showed an extension of high-grade gold over the 10 km strike length.
Uranium has been buoyed by growing global support for nuclear energy, with more countries pledging to triple nuclear capacity by 2050.
The Turmalina mine was deemed an "unfeasible work environment" by labor auditors.
The scoping study is part of the company's portfolio asset review of its assets in Western Australia.
Three shareholders of Arcadium Lithium have sued the miner and its board alleging negligence in Rio Tinto $6.7 billion takeover.
Project could help reduce emissions by up to 80% if renewables and green hydrogen are used, the companies said.
The province has committed hundreds of millions in funding for mining projects through agencies like Investissement Québec, Soquem and Sidex.
Hummingbird has flagged continued challenges around operational performance at its two African mines.
Over the next 12 months, Skeena is expected to continue advancing Eskay Creek through BC's environmental assessment process.
XXIX Metal controls two of the largest copper projects in Eastern Canada.
Skaland mine is the world's highest-grade, operating flake graphite mine and the fourth-largest graphite mine outside China.
Bullion is coming off a 2.6% decline in the previous two sessions on the back of mixed US data.
The offer will be priced at C$0.85 per share, which is a 10% premium over Sierra Metals' closing price of C$0.77 on the TSX last Friday.
If Mali continues to impede shipments from Loulo-Gounkoto, the country's largest gold mine, Barrick will cease operations.
The CEFC was established in 2012 by the Australian government to help achieve its national goal of net zero emissions by 2050.
The bellwether metal had a rollercoaster 2024, will next year bring more wild swings?
The US Department of Defense invested about $15.8 million under the Defense Production Act.
The project, on the Indigenous group’s traditional lands, holds one of the world’s largest reserves.
Gallium is on the export ban list to the United States that China’s Ministry of Commerce announced last week.
A leach pad failure in June released 4 million tonnes of material with ore and cyanide-containing solution.
The Toliara project is expected to be a cornerstone source of monazite supply for the White Mesa mill, the company said.
The contract includes $25 million in advance royalty payments to the government split into four stages.
The partnership with Ajlan & Bros includes a $4 million feasibility study split 50/50.
The intercepts add to an eventful fall at the Macpass project, where one month ago drill results returned higher grades and thicknesses at the Boundary zone than estimated.
The Court ruled that Ontario was not the appropriate forum to consider the claims by Tanzanian residents alleging human rights abuses near North Mara.
Blue Moon's CEO said the transactions would "create a new copper-zinc development company located in Tier 1 jurisdictions."
Its Centinela and Zaldívar copper mines became the world's first to be granted the endorsement under updated criteria.
The world’s second-largest steelmaker said further steps are contingent on favourable policy, technological progress, and market conditions.
Value of the graphite, lithium, nickel, cobalt and magnesium contained in EV batteries is up 38% from the lows struck in January.
The pour took place on Wednesday, following approval of Phase 1 commissioning of the Nalunaq processing plant by the Greenlandic government.
The resource estimate outlines 44.2 million inferred tonnes grading 0.3% copper and 0.24% nickel.
Cosa will acquire a 70% interest in Denison's Murphy Lake North, Darby and Packrat properties.
The funding represents 100% of the capital expenditure outlined in a May 2024 feasibility study.
Once complete, the Guben converter will be the first of its kind in Europe, with expected annual production of 24,000 tonnes of lithium hydroxide.
Chief executive base salaries in the mining industry increased between 2% and 12% in 2023, the report says.
Kenville was the first underground gold mine in the Nelson camp.
Spodumene producers were surprisingly upbeat on the outlook this week as the Western Australian government stepped in to offer assistance.
Australia's richest woman gathered support from more than 70% of the locals in the Alberta region that is home to the Grassy Mountain mine.
The ICSID tribunal ruled in 2020 that Panama was responsible for the "unlawful expropriation" of Dominon's mining investments.
China has seen its market share of seaborne coal imports fall sharply over the past two years, down from the 93% between 2015-2022 to 76% in 2023-2024.
Employees of the Loulo-Gounkoto mine were detained amid the government's push for higher mining taxes.
McKinsey & Co. consultants say current downturn presents significant challenges, but it also offers a chance for reinvention.
The concentration of gallium reached up to 147 parts per million Ga2O3, according to initial drilling analysis.
Investment agreement is one of nine metals and mining deals, totalling over $9 billion, signed by Saudi Arabia with global mining companies.
The Valentine project, 85% complete as of this month, remains on track to pour its first gold in the second quarter next year.
The Tsetsaut Skii km Lax Ha Nation wants the province to declare that it failed to fulfill its duty to consult with them.
Gold plunged 3% after Axios reported that Israel and Lebanon have accepted the terms of a ceasefire agreement.
The assay results follow initial reports of visible gold at Rhosgobel in early October.
The company has begun working towards the first PEA on the Altar project, to be completed in the second quarter of 2025.
The phased approach will begin with an 18-month initial phase focused on excavating and dredging five existing pits.
The mine’s four-week trailing average production reached almost 1,900 ounces, below the 2,000 to 2,500 ounces range Hummingbird expected.
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Non-toxic amino acid has the potential to replace hazardous chemicals like cyanide in mineral extraction processes, Curtin professor says.