mining

Chilean miner SQM (NYSE:SQM) reported a steep drop in Q4 2024 profit as declining lithium prices started to weigh on profitability. The world's second-largest lithium producer posted a net profit of $120.1 million, or $0.42 per share, down from $205.9 million in the same period last year, while...

Toronto's status as a leading global mining hub is at risk as exploration firms relocate and investors look for friendlier jurisdictions owing to an increasingly complicated geopolitical landscape. Once a go-to destination for mining finance, Canada's largest city is seeing a steady decline in...

Ukraine’s President Volodymyr Zelenskyy met with President Donald Trump and Vice President JD Vance on Friday but left the White House without signing an agreement for rare minerals. The meeting, originally set to finalize the deal over critical minerals as a form of repayment for military...

Panama is inching closer to a resolution regarding its largest mining asset. President José Raúl Mulino noted his administration is considering "novel ideas" to resolve the dispute with First Quantum Minerals (OTCPK: FQVLF) regarding the Cobre Panama copper mine, pending the resolution of social...

On Sunday, Equinox Gold (AMEX:EQX) announced an all-stock deal to acquire Calibre Mining (OTC:CXBMF), valued at $1.8 billion, creating Canada's second-largest gold producer. "This merger represents a transformative step forward for both Equinox and Calibre, bringing together two complementary...

Ukraine and the United States are approaching a deal regarding Ukraine's rare earth minerals, but President Volodymyr Zelensky remains committed to security guarantees. His administration delayed the initial push to sign the agreement, asking for military assurances and disputing the financials. "I...

Canadian miner Teck Resources (NYSE:TECK) is not worried about the impact of proposed U.S. tariffs on the company’s business. During the latest earnings call, CEO Jonathan Price pointed out that the firm’s exports mainly go to Asia and Europe. "In the event that tariffs are imposed, we...

Anglo American (OTCQX:AAUKF) has signed a $5 billion agreement with Chilean state-owned miner Codelco to develop their neighboring Los Bronces and Andina operations jointly. The deal will further strengthen the company's footing in the leading copper-producing region. The production at those sites...

Glencore (OTC:GLCNF) and Rio Tinto (NYSE:RIO), two leading mining companies, are discussing their listings with the London Stock Exchange, albeit for different reasons. Swiss-based Glencore is exploring the possibility of moving to the New York Stock Exchange. “We want to ensure that our...

Barrick Gold (NYSE:GOLD) is getting closer to resolving a prolonged dispute with Mali's military junta over the country's mining code reforms. Seeking to maximize state revenue, the junta demanded higher royalties and a greater share of profits from foreign operators. The situation gradually...

Mitsui & Co. (OTC:MITSY) has announced an acquisition of a 40% stake in the Rhodes Ridge iron-ore project in Australia. The Japanese conglomerate, in which Warren Buffett holds an 8% stake, will acquire a 25% stake from VOC Group for $3.34 billion and a 15% stake from AMB Holdings for $2...

On Tuesday, BHP (NYSE:BHP) reported half-year earnings (concluding on December 31, 2024) of $5.08 billion, down 23% from the year earlier. The result is unsurprising, as the iron ore market has been going through a challenging period. Still, CEO Mike Henry acknowledged the firm's strength in this...

Agnico Eagle Mines (NYSE:AEM), the third-largest gold miner, reported outstanding performance for 2024. The company generated strong financial and operational results while maintaining a cost-conscious approach. "Our focus on cost control and capital discipline, combined with a strong gold price...

Kinross Gold (NYSE:KGC) had a strong 2024, delivering record-free cash flow, improved margins, and stable production across its global operations. An outstanding $1.3 billion in free cash flow more than doubled from the previous year, while the company also reduced its debt. "2024 marked another...

Building a mine is a notoriously difficult endeavor. It is a long, often multi-decade process involving prospecting, soil sampling, environmental studies, and billions of dollars worth of capital expenditures before production starts. For companies involved, it is a generational commitment that...