mining

Lundin Mining (OTCPK: LUNMF) reported record copper and zinc production in 2024, capping a year with strategic expansions and portfolio optimization, particularly regarding copper. Copper production reached 369,067 tons, while zinc production hit 191,704 tons, achieving record highs. Gold output...

Saudi Arabia has unveiled a joint venture between the state oil company Aramco and the state mining company Ma'aden. The collaboration focuses on extracting lithium, a vital component in batteries for electric vehicles (EVs), renewable energy storage, and electronics. Commercial production is...

On Wednesday, mid-tier gold miner IAMGOLD (NYSE:IAG) announced production of 667,000 ounces in 2024, marking a 43% increase from the previous year. This performance met its revised guidance at a mid-point, owing to strong production at the Essakane mine in Burkina Faso and the Westwood and Côté...

B2Gold Corp (AMEX:BTG) announced its 2024 production of 804,778 gold ounces, aligning with the lower end of its revised guidance. For 2025, the company is targeting a notable increase, forecasting production between 970,000 to 1,06 million ounces. The Canadian firm expects higher-grade ore from the...

On Monday, Alamos Gold (NYSE:AGI) announced it achieved record production in 2024, reaching 567,000 ounces of gold, or a 7% year-over-year increase. The company announced an ambitious plan to boost production while simultaneously reducing costs. "With the solid finish to the year, we met both our...

Barrick Gold Corporation (NYSE:GOLD) has alerted shareholders about an unsolicited mini-tender offer from TRC Capital Investment. What Happened: The offer seeks to purchase up to 5 million of Barrick's common shares, representing about 0.29% of the outstanding shares of the second-largest gold...

Global coal consumption reached an all-time high in 2024, climbing to 8.77 billion metric tons as global electricity demand outpaced the expansion of renewable energy. Despite its contribution to global warming, coal remains rooted in energy systems worldwide, and short-term consumption is set to...

China's Zijin Mining Group (OTCPK: ZIJMF) is advancing talks to acquire Zangge Mining Co., a domestic commodity producer specializing in lithium and potash. Blomberg reported Zijin announced the news in a statement to the Hong Kong Stock Exchange. Zangge is valued at around $6.4 billion (CNY 46.6...

President-elect Donald Trump has reignited interest in acquiring Greenland, an idea first floated in 2019 during his first term. Initially dismissed as ludicrous, renewed interest has caught attention owing to the island's increasing importance in geopolitical competition in the Arctic and its...

Despite finding some footing in 2024, the lithium market's main concerns, oversupply and slower-than-expected electric vehicle (EV) adoption could persist this year. "This swing supply dynamic could serve as a cap on price increases in 2025, as rapid restarts may lead to a more oversupplied market...

Investment bank Jefferies has upgraded Royal Gold Inc (NASDAQ:RGLD) to a Buy rating, boosting its price target by 16%, from $154 to $178. The bank sees compelling growth potential from the streaming and royalty business leader for precious metals. According to Jefferies analysts, Royal Gold could...

Chile's state-owned Codelco reported a modest increase in copper production for 2024, with output rising by 3,000 to 4,000 metric tons from the previous year. Although small, the production growth has raised hopes that the mining giant will stage a turnaround and help alleviate anticipated copper...

Barrick Gold Corp (NYSE:GOLD) warned about a potential suspension of operations at its Loulo-Gounkoto mining complex in Mali following the Malian government's decision to restrict gold shipments. The West African nation's ruling junta extended its export ban to include on-site gold stocks, which...

KoBold Metals, the AI-driven mining startup backed by Bill Gates and Jeff Bezos, has secured $537 million in its Series C funding round. The latest funding round gives the Berkeley-based company a valuation of $2.96 billion and fresh capital to pursue ambitious goals in the critical minerals sector...

The glitter of gold is losing its luster for two mining giants, Barrick Gold Corp (NYSE:GOLD) and Newmont Corp (NYSE:NEM), as both stocks have hit a technical Death Cross—a bearish signal when the 50-day moving average falls below the 200-day moving average. For those betting on these miners to...