Silvercorp Metals sweetens offer for OreCorp
Mining News Pro - Canada’s Silvercorp Metals (TSX, NYSE: SVM) surprised the market on Thursday by increasing its cash offer for African gold developer OreCorp (ASX: ORR) by A$20 million ($13m).
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Fourteen informal miners killed in Suriname tunnel collapse
Mining News Pro - Fourteen informal gold miners were killed in a tunnel collapse in Suriname on Monday afternoon on a concession belonging to a subsidiary of Chinese state miner Zijin Mining, a Surinamese official said.
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Copper price gains as traders assess China deflation, Fedspeak
Mining News Pro - Copper futures rose 0.3% to $8,162.50 as of 11:03 a.m. in New York.
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Hudbay in talks to draw partner for Arizona copper project
Mining News Pro - Copper producer Hudbay Minerals Inc. is having informal talks with prospective partners to develop a deposit in Arizona as the mining industry pushes to bolster North America’s supply of key metals.
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Alkane drills down at Kaiser
Mining News Pro - Alkane Resources has announced further results from its drilling program at the Kaiser deposit, which is part of its Northern Molong Porphyry project (NMPP) located near Wellington in the central west region of NSW.
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China extends run of gold buying that’s helped support prices
Mining News Pro - China topped up its gold holdings for a 12th straight month in October, adding to a wave of purchases by global central banks that’s lent support to bullion prices.
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Barrick CEO says focused on organic growth
Mining News Pro - Barrick Gold’s CEO on Thursday expressed a desire to grow the company’s copper business organically when asked about interest in buying fellow Canadian miner First Quantum Minerals after its shares lost nearly half their value earlier this week.
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Australia’s Tietto Minerals urges rejection of Chinese firm’s takeover offer
Mining News Pro - Tietto Minerals said on Friday a takeover offer by a unit of China’s Zhaojin Mining Industry “materially undervalues” the Australian gold company.
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Barrick beats Q3 profit estimates on higher production, lower costs
Mining News Pro - Barrick Gold Corp beat analysts’ expectations for third-quarter profit on Thursday, as the Canadian gold miner benefited from increased production and higher bullion prices.
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Saudis in talks with Pakistan on Reko Diq, Barrick CEO says
Mining News Pro - Saudi Arabia is in ongoing talks with Pakistan to buy part of the government’s stake in a $7 billion copper project jointly owned with Barrick Gold Corp., according to the head of the mining company.
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Burkina Faso targets bigger royalties as gold production drops
Mining News Pro - Burkina Faso has revised its mining code to enable it to take more in royalties in boom times after gold production fell.
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Newmont misses profit estimates, Penasquito return underway
Mining News Pro - Newmont on Thursday missed Wall Street estimates for third-quarter profit as the world’s largest gold miner struggled with weak production stemming from a labor strike at its Mexico mine.
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Newcrest reports lower quarterly gold output on maintenance shutdowns
Mining News Pro - Newcrest Mining, which is in the final stages of a takeover by global gold mining giant Newmont Corp, on Tuesday posted an 18.1% sequential fall in quarterly gold production, hurt by maintenance shutdowns during the quarter.
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Mali to meet or exceed forecast for industrial gold output
Mining News Pro - Industrial gold production in Mali, one of Africa’s top producers of the precious metal, is expected to reach or even exceed its 67.7 tonnes forecast for 2023, according to a mines ministry official.
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Newcrest reports lower quarterly gold output on maintenance shutdowns
Mining News Pro - Newcrest Mining, which is in the final stages of a takeover by global gold mining giant Newmont Corp, on Tuesday posted an 18.1% sequential fall in quarterly gold production, hurt by maintenance shutdowns during the quarter.
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Newmont starts ramp-up at Peñasquito as strike ends
Mining News Pro - Newmont, the world’s largest gold producer, has begun resuming operations at its Peñaquito mine in Mexico, after reaching a definitive agreement with striking workers last week.
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Mali to meet or exceed forecast for industrial gold output
Mining News Pro - Industrial gold production in Mali, one of Africa’s top producers of the precious metal, is expected to reach or even exceed its 67.7 tonnes forecast for 2023, according to a mines ministry official.
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Indonesian tycoon said to weigh selling gold miner Archi
Mining News Pro - PT Rajawali Corp., an Indonesian conglomerate owned by tycoon Peter Sondakh, is considering selling its controlling interest in gold miner PT Archi Indonesia, according to people with knowledge of the matter.
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Centamin unveils new mine plan for Sukari targeting over 500,000 oz. gold per year
Mining News Pro - Egypt-focused Centamin has published a new, more ambitious plan for the Sukari gold mine.
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Gold price slump may boost demand from India’s festive shoppers
Mining News Pro - A slump in gold prices to a seven-month low in India may stimulate demand in the current festive season, when people traditionally buy more coins and ornaments.
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Brink’s sues Air Canada after $17 million heist of gold and cash
Mining News Pro - An unsolved $17 million heist of Swiss gold and cash near Canada’s busiest airport has led Brink’s Co. to sue Air Canada for allegedly letting a thief slip away with the loot.
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Barrick’s third-quarter gold, copper output rise
Mining News Pro - Canadian miner Barrick Gold said on Thursday its gold production rose nearly 3% sequentially for the third quarter, helped by higher production at its Cortez mines in Nevada.
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Lundin in talks with Japanese trading houses to develop Argentina mine
Mining News Pro - Canadian-Swedish miner Lundin Mining is in talks with Japanese trading houses and large miners to offer a stake of between 40% and 50% in Argentina’s Josemaria mine, incoming CEO Jack Lundin told Reuters in an interview on Thursday.
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Silver price to benefit from solar sector demand once rates peak
Mining News Pro - Robust demand from the solar industry and limited supply growth from mines will buoy silver prices once the period of higher global interest rates is over, analysts said.
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China’s gold prices surge, hitting a record against the world
Mining News Pro - China’s suddenly full of gold bugs.
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Visit: 119