mining

BHP Group Limited (NYSE:BHP) shares are trading higher today after the company reported fiscal year 2024 operational results. The company reported copper production of 504.9 Kt (+6% Y/Y), led by growth at Escondida (+6% Y/Y), Copper South Australia (+17% Y/Y), and Antamina (+5% Y/Y). The copper...

Editor’s note: This story has been updated to note that Eric Saderholm is American Pacific Mining’s managing director of exploration. Following American Pacific Mining Corp‘s (OTC:USGDF) initiation of a 2024 drill program at its Palmer Project in Alaska, Benzinga spoke with its...

Gold reached new all-time highs Tuesday, with the commodity soaring above $2,460 per ounce and showcasing a robust 1.7% gain for the session, driven by heightened investor convictions that the Fed will cut interest rates at its September meeting. Jerome Powell‘s remarks during his interview...

A global mining leader, Rio Tinto (NYSE:RIO), reviewed the first half of the year and evaluated progress across key projects such as Simandou in Guinea, Oyu Tolgoi in Mongolia, and Jadar in Serbia. “We are growing with discipline in the materials the world needs for the energy transition,...

Exploration and development company SolGold (OTC:SLGGF) has successfully secured $750 million in funding for its Cascabel project in Ecuador. This funding came from a syndicated agreement with Franco-Nevada Corporation (NYSE:FNV) and Osisko Bermuda, who will receive a portion of the gold produced...

For much of the year, gold mining stocks have been lagging the price of the precious metal they produce. But the tables have turned, and shares are outperforming the yellow metal as mining costs have stabilized and gold prices have seen a period of profit-taking among traders. Now, heightened...

BHP Group (NYSE:BHP), the world's largest miner, suspended its Western Australia nickel operations due to a significant decline in nickel prices and a global oversupply. This decision lingered since First Quantum's Ravensthorpe mine shut down in the same region in April. "Like others in the...

Leading gold miner Barrick Gold (NYSE:GOLD) ) is ramping up its exploration efforts in Mali, focusing on sustaining its Loulo-Gounkoto mining complex. CEO Mark Bristow re-iterated the company’s positive outlook for this vital project after visiting this African country for the third time this...

Chile's state-owned copper giant, Codelco, is considering acquiring a 10% stake in Teck Resources (NYSE:TECK) Quebrada Blanca copper mine from Ecuadorian state mining firm Enami. The deal is valued at around $500 million. What Happened: Buying a piece of the Quebrada Blanca mine could boost Codelco...

Premier American Uranium (PUR) (OTC:PAUIF), a uranium exploration and development company, is accelerating its growth strategy following the completion of a mineral resource estimate (MRE) for its Cebolleta project in New Mexico. The company accomplished this milestone 12 months ahead of schedule,...

Canadian miner Silvercorp Metals‘ (AMEX:SVM) planned acquisition of Adventus Mining (OTC:ADVZF), an Ecuadorian copper-gold exploration company, has encountered a potential roadblock due to a legal challenge regarding the environmental permit for Adventus’ key El Domo copper project....

As the demand for critical minerals such as lithium and copper surges, mining trade groups in the U.S. advocate for the revival of the long-defunct Bureau of Mines. This initiative coincides with the supply of critical minerals becoming a matter of national security. USBM Background: The U.S....

WASHINGTON — While copper, lithium, nickel and cobalt often grab headlines when it comes to battery metals, there is an array of other minerals important to the energy transition away from fossil fuels. As the importance of manganese, graphite, silicon and fluorspar grows alongside demand for...

The Canadian government approved Glencore‘s (OTCPK: GLCNF) acquisition of Teck Resources (NYSE:TECK) metallurgical coal business Elk Valley Resources (EVR) for more than $6.93 billion. The deal is expected to close on July 11, with Glencore acquiring a 77% stake in the British Columbia-based...

BHP (NYSE:BHP) announced a 20% reduction in employee incentives after failing to meet its performance goals for the fiscal year. What Happened: The world's largest miner was hit with a $2.5 billion impairment charge on its nickel business in Western Australia and additional costs related to the...