Mountain Province sales fall on lower prices

Diamond miner Mountain Province on Tuesday reported a 15% year-on-year drop in full-year sales revenue. The Canadian miner sold 2.72-million carats at an average value of C$121/ct for total... 

Fresnillo achieves FY guidance

Mexican precious metals miner Fresnillo has achieved its full-year guidance of 105.1-million silver-equivalent ounces, with the company overcoming “many operational challenges”, reports CEO Octavio... 

FPX Nickel closes Sumitomo equity investment

Exploration and development company FPX Nickel has closed the private placement financing with new cornerstone investor Sumitomo Metal Mining, raising C$14.45-million. The proceeds of the private... 

Perseus confident of maintaining a strong operating performance for the full-year

Africa-focused Perseus Mining expects its strong operating performance to continue for the remainder of the financial year to end June 30, with production guidance for the full-year set at 491 000... 

TNC to send Cloncurry copper to Glencore

ASX-listed True North Copper (TNC) on Tuesday announced a partnership with commodities major Glencore, which will process concentrate from the Cloncurry copper project, in Queensland, at its nearby... 

Denison Mines awards C$16m Phoenix contract

TSX- and NYSE American-listed Denison Mines has awarded a C$16-million contract to consulting and engineering group Wood Canada for the completion of detailed design engineering for the in-situ... 

Centerra promotes Snyder to CFO

Gold mining company Centerra will promote Ryan Snyder to executive VP and CFO on April 8, to succeed Darren Millman, who is leaving to pursue another opportunity in the mining industry in... 

Laramide resumes EIS process for US uranium project

Exploration company Laramide Resources is reinitiating the review process of the draft environmental impact statement (EIS) for its La Jara Mesa uranium mine project in New Mexico, US. The TSX-... 

Koba to acquire uranium project from Havilah

The share price of ASX-listed Koba Resources jumped 12.5% on Monday, as the company announced a uranium acquisition deal with fellow listed Havilah Resources in South Australia. In terms of a... 

Toro raises cash for Wiluna uranium project

As global uranium markets continue to strengthen, Toro Energy on Monday announced a A$12.3-million boost to support development of its Wiluna uranium project, in Western Australia. The ASX-listed... 

BHP unveils second cohort for Xplor accelerator

Diversified mining group BHP has announced its second cohort of six companies, chosen from a pool of over 500 applicants, to join the BHP Xplor accelerator programme. The accelerator programme is... 

Dartbrook coal mine to restart after 18 years on care and maintenance

After 18 years in care and maintenance, the Dartbrook coal mine in the Hunter Valley is poised for a restart, Australian Pacific Coal (AQC) interim CEO Ayten Saridas announced on Monday. The... 

Angus Gold welcomes Wesdome as investor

TSX-V-listed Angus Gold has announced a C$4.64-million nonbrokered flow-through private placement, including an investment from Wesdome Gold Mines. The offering will consist of 5.5-million special... 

Labyrinth receives Canada tax credit

Australia’s Labyrinth Resources said on Friday it had received a tax credit of C$415 453 (about A$470 000) from Revenue Quebec, in Canada, stemming from its resources-related expenditure in the... 

Danakali warns about 'vulture' share purchase offers

ASX-listed Danakali has warned shareholders to be cautious about accepting offmarket offers for their shares, nothing that it has become aware of predatory activity by parties offering shareholders... 

OreCorp notes Perseus' meeting with Tanzania officials

Australia-listed OreCorp on Thursday confirmed that it had not received any proposal from fellow-listed Perseus Mining to acquire all of the shares in the company. Perseus did express an interest... 

WA1 lands A$40m for West Arunta exploration

Western Australia-based minerals company WA1 has received firm commitments for a placement to raise A$40-million for its flagship West Arunta gold and copper project. Under the placement, the... 

Elevate Uranium accelerates Namibia growth strategy

Australia-listed explorer Elevate Uranium is accelerating its growth strategy in Namibia, underscoring its confidence in the country’s uranium potential. The exploration company kicked off its... 

Perenti secures A$420m of contract extensions

Mining services company Perenti has announced that its underground mining businesses have been awarded contract extensions valued at A$420-million. This includes a 12-month, A$125-million contract... 

Seabridge applies to BC for ‘substantially started’ status for KSM

Dual-listed Seabridge Gold has applied to the British Columbia Environment Assessment Office (BC EAO) for ‘substantially started’ status for its 100% owned KSM project. Under the BC Environmental... 

Sumitomo makes strategic investment in FPX Nickel

Major nickel producer Sumitomo Metal and Mining (SMM) has made C$14.4-million strategic equity investment in FPX Nickel, underscoring the Vancouver-based junior’s view that its Baptiste project is... 

Global Uranium receives key permit for US project

North America-focused Global Uranium and Enrichment (GUE) has been granted its final permit for the start of exploration activities at its Tallahassee uranium project in Colorado, US. The approval... 

Pantoro to start Scotia underground development earlier than planned

ASX-listed Pantoro has decided to accelerate the start of development of the Scotia underground mine at its Norseman project, in Western Australia. Development of the underground mine is now... 

Patriot kicks off big lithium drill campaign at Corvette

TSX-V and ASX-listed Patriot Battery Metals has commenced the 2024 winter drill campaign at its Corvette property, in James Bay, Quebec, which the company says is the most aggressive to date. The... 

Taseko to accelerate construction activities at Florence

Vancouver-headquartered Taseko Mines will be accelerating construction activities at the Florence project, in Arizona, as the company concluded more financing for the mine. TSX-, NYSE American-... 

Cosmo Metals to acquire WA gold project

ASX-listed Cosmo Metals has signed a term sheet to acquire La Zarza Minerals, which holds the tenements comprising the Kanowna gold project (KGP), in Western Australia. Cosmo MD James Merrillees... 

Barrick meets FY gold and copper guidance

Canada-headquartered Barrick has achieved its 2023 production guidance, producing 4.05-million ounces of gold and 420-million pounds of copper last year. The 2023 output, however, is a reduction... 

Seventh consecutive year of production growth for Karora

The Beta Hunt and Higginsville mines, in Western Australia, have delivered a production record of 160 492 oz in 2023, capping the seventh consecutive year of production growth for Toronto-listed... 

FireFly reports ‘outstanding’ grades at Green Bay

Australia-listed FireFly Metals, formerly AuTECO Minerals, has reported “outstanding” high-grade copper and gold assays from its first drilling programme at the Green Bay project, in Canada. As... 

Alamos expands Quebec footprint with Orford acquisition

Toronto- and New York-listed Alamos Gold on Monday announced a definitive agreement on to acquire all of the issued and outstanding shares of TSX-V-listed Orford Mining Corporation. The... 

Dampier Salt sells WA salt operation for A$375m – Rio Tinto

Diversified miner Rio Tinto on Tuesday announced the sale of Dampier Salt’s MacLeod salt and gypsum operation in Carnarvon, Western Australia, to privately owned Leichhardt Industrials for... 

Pilbara expands Ganfeng offtake agreement

Australian lithium producer Pilbara Minerals has expanded its existing offtake agreement with Ganfeng Lithium, which materially increases short- and medium-term supply of spodumene concentrate to... 

Azure Capital to guide Zenith’s strategic review

Mining exploration company Zenith Minerals has appointed Perth-based corporate advisory firm Azure Capital as strategic adviser for the review of its lithium business. This move underscores... 

CZR sells Robe Mesa iron-ore project for A$102m

ASX-listed CZR Resources has entered into a binding agreement to sell its Robe Mesa iron-ore project to Miracle Iron Resources, with CZR retaining its Croydon and Buddadoo exploration assets. CZR,... 

Australia’s critical minerals research receives govt funding boost

The Australian government is investing almost A$22-million in three key research projects which will support the growth of the critical minerals industry and help supply materials which will be... 

OceanaGold appoints technical and project officer

Toronto-listed OceanaGold on Thursday announced the appointment of Bhuvanesh Malhotra as chief technical and projects officer, effective January 22. “Following an extensive search, we are pleased... 

Hydrogen as a driver of PGMs demand and new industry appointments make headlines

Mining Weekly Editor Martin Creamer discusses the hydrogen economy as a new growth area for platinum group metals; Ian Cockerill's appointment as CEO of West African miner Endeavour Mining and the... 

Rimfire doubles Broken Hill cobalt project footprint

Australia-listed Rimfire Pacific has more than doubled the size of its Broken Hill cobalt project with the acquisition of two exploration licences from fellow-listed Castillo Copper. The Castillo... 

Evolution extends SPP closing to month-end

Australia-listed Evolution Mining has extended the closing date for its share purchase plan (SPP) from January 16 to January 30, to allow shareholders sufficient time to participate and complete... 

Alamos Gold’s output sails past half-million mark

Canadian miner Alamos Gold has achieved the top-end of its increased guidance with record production of 529 300 oz in 2023. This represents a 15% increase from its 2022 production of 460 400 oz.