Industry News
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Zaldivar mine workers extend talks to avoid strike
Zaldivar mine workers extend talks to avoid strike One of the world’s largest copper producers, Chilean miner Antofagasta, and workers at its Zaldivar mine decided to extend government-mediated talks for a new union contract and avoid a strike, a union source said on Wednesday night. The ...Read more -
Newcrest quarterly output drops 13% but beats estimate
Newcrest quarterly output drops 13% but beats estimate Newcrest Mining Ltd posted a 13% drop in fourth-quarter gold output on Thursday, hurt by lower contributions from both its flagship Cadia mine in Australia and Lihir mine in Papua New Guinea. Production fell to 573,175 ounces in the q...Read more -
Teck’s Chile expansion delayed by up to six months
Teck’s Chile expansion delayed by up to six months Teck Resources, (TSX:TECK.A | TECK.B) (NYSE: TECK) Canada’s largest diversified miner, could see its Quebrada Blanca Phase 2 (QB2) expansion project in Chile delayed by up to six month due to covid-19 disruptions. Delivering results for t...Read more -
Barrick escalates dispute with PNG over Porgera mine
Barrick escalates dispute with PNG over Porgera mine Canada’s Barrick Gold (TSX: ABX) (NYSE: GOLD) has served a dispute notice to the Papua New Guinea (PNG) government over the country’s refusal to renew a license for Porgera mine. The world’s second-largest gold producer argues that PNG’...Read more -
Camino gets drill permits for Los Chapitos project in Peru
Camino gets drill permits for Los Chapitos project in Peru The Peruvian Ministry of Energy and Mines has granted Canada’s Camino Corp. (TSXV: COR) authorization to start drilling and other exploration activities at its Los Chapitos project, located in the southern Arequipa province. The m...Read more -
Franco-Nevada eyes $1 billion deals as base metals lag gold
Franco-Nevada eyes $1 billion deals as base metals lag gold Franco-Nevada Corp. will do at least $500 million in streaming and royalty deals in mining this year, and a lot more if base-metal producers proceed with several larger financing deals in the $500 million to $1 billion range. Tha...Read more -
Workers at Antofagasta’s Zaldivar mine vote to strike
Workers at Antofagasta’s Zaldivar mine vote to strike Workers at Antofagasta Minerals’s Zaldivar copper mine in Chile have voted in favour of strike action after rejecting a pay offer, the mine’s union said on Friday. The union said in a statement that 99% of its members had rejected a co...Read more -
SSR-Alacer Gold merger gets shareholder approval
SSR-Alacer Gold merger gets shareholder approval SSR Mining (TSX: SSRM) and Alacer Gold (TSX: ASR)(ASX: AQG) announced Friday the receipt of shareholder approvals for the previously announced at-market merger. In May, Vancouver-based SSR Mining agreed to a deal to acquire its Canadian cou...Read more -
Triple Flag, CMOC agree to streaming deal for Australian mine
Triple Flag, CMOC agree to streaming deal for Australian mine Mine financing company Triple Flag Precious Metals Corp said on Sunday it has agreed to pay $550 million upfront as part of a streaming financing deal with China Molybdenum Co Ltd (CMOC) for future production of precious metals...Read more -
Nornickel reports another fuel spill in the Arctic
Nornickel reports another fuel spill in the Arctic Russian mining company Norilsk Nickel reported that a pipeline belonging to Norilsktransgaz, which is part of the Norilsk Nickel Group, depressurized during the transfer of aviation fuel in the vicinity of the village of Tukhard, locate...Read more -
Centamin reviews expansion options as results exceed forecast
Centamin reviews expansion options as results exceed forecast Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) said on Monday it is looking at expansion opportunities as soaring bullion prices and the country’s decision to open up its riches to foreign capital unlocks opportunities. ...Read more -
Yamana Gold may hike 2020 guidance as all mines exceed targets
Yamana Gold may hike 2020 guidance as all mines exceed targets Canada’s Yamana Gold (TSX: YRI) (NYSE: AUY) had a better-than-expected second quarter this year across the board with production levels already exceeding the company’s revised guidance for the year. The Toronto-based miner chu...Read more