mining

Geopolitical worries have more to do with gold rising to record highs than does inflation, Barrick Gold Corp.'s (NYSE:GOLD) chief executive said Monday in a conference call accompanying second quarter results. "The gold price is up because the world’s in a mess, not because of inflation,"...

Besides posting positive Q2 results driven by higher revenues, Barrick Gold‘s (NYSE:GOLD) management has expressed interest in partnering with the Panamanian government. The Cobre Panama mine, a world-class copper mine, has been idle since last December, and the company says the new...

Wealth Minerals remains focused on lithium extraction in Chile to address the growing global need for this essential resource. Tim McCutcheon, an advisory board member at Wealth Minerals, detailed the company's strategic plans during the Digging Deeper: The Future of Mining virtual event. He...

Gold Fields (NYSE:GFI) is acquiring Canadian Osisko Mining (OTC:OBNNF) for $1.57 billion in cash. This acquisition gives the South African-based miner full ownership of the Windfall Project in Quebec, one of the developing highest-grade gold deposits. "We are pleased to consolidate the remaining 50...

Volt Lithium has introduced an innovative method for extracting lithium from oil field brines, positioning the company at the forefront of sustainable and efficient lithium production. This development could significantly impact the lithium market, offering a more environmentally friendly and cost-...

US Strategic Metals (USSM), a private company formerly known as Missouri Cobalt, has received a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) for a potential $400 million debt funding package for Madison, their flagship cobalt mining project. The loan,...

Russian President Vladimir Putin greenlighted a law that would legalize cryptocurrency mining in the country, two and a half years after the country’s central bank called for a blanket ban on such activities. What Happened: The law, freshly signed by Putin, introduces a variety of new...

Alaska Energy Metals (OTC:AKEMF) has revealed a major nickel find in Alaska, which also includes valuable deposits of copper, cobalt, platinum, and palladium. This discovery could reduce the United States’ heavy reliance on imported nickel, which is essential for the production of stainless...

BHP Group (NYSE:BHP) is considering a sale of the Brazilian copper and gold assets acquired through last year’s $6.3 billion takeover of Oz Minerals. What Happened: The assets reportedly up for sale include an untapped gold deposit and four small high-grade copper mines located in the state...

Glencore (OTC:GLCNF) has decided not to spin off its coal business. Following an acquisition of Teck's (NYSE:TECK) coal assets, most shareholders preferred maintaining the lucrative unit. Glencore's initial plan to divest its coal business stemmed from environmental considerations. However, 95% of...

Endeavour Mining PLC (OTC:EDVMF) paused operations in early 2024 at its Hounde gold mine due to a prolonged worker's strike. Operational and geopolitical risks have risen amid significant management changes this year, according to RBC Capital Markets. Analyst Wayne Lam downgraded the rating for...

Uranium explorers are calling on Western Australian authorities to lift the ban on uranium mining to capitalize on rising global demand and prices. Australia holds nearly a third of the world's known uranium reserves, yet only two out of its eight states and territories, South Australia and the...

The International Seabed Authority (ISA) has elected Leticia Carvalho of Brazil as its new secretary-general. Her appointment could mean a shift in momentum regarding deep sea mining as nations scramble to secure vital minerals for the green energy transition. Carvalho, an experienced oceanographer...

Editor’s note: This story has been updated to correct the spelling of the country Guyana. Owing to its rich mineral resources, a developed capital market, and government support, Canada is an attractive jurisdiction for junior miners such as Northern Superior Resources (OTC:NSUPF). Benzinga...

NexGen Energy (NYSE:NXE) has announced that construction costs for its Rook I uranium project in Saskatchewan have soared nearly 70% above the previous estimate from 2021. The updated capital cost now stands at $1.6 billion, up from around $950 million, showcasing the challenge of domestic uranium...