Russian billionaire Abramovich sells out in $1.4bn gold deal
Roman Abramovich and his partners are selling a 40.06% stake in Russian mid-sized gold producer Highland Gold.
Cecilia Jamasmie , Editor-in-Chief
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Gold rally, Chinese demand a boon to Canadian miners
EY says Canada could see a wave of new gold deals and mines built in the coming months on the back of strong bullion prices and improved demand for metals from China.
Rio Tinto set on building long-delayed Simandou
The miner is speeding up work towards potential development of the giant iron ore project in Guinea, as the investment case grows stronger.
Chile government rejects Codelco privatization
A group of lawmakers had proposed to sell the state-owned mining giant to raise funds for the coronavirus response.
Alamos Gold to build new mine in Mexico
La Yaqui Grande, in the state of Sonora, is expected to produce 123,000 ounces of gold a year over a five-year mine life.
US Mint sets limits on gold, silver coins sales
The US Treasury agency has reduced the supply of gold and silver coins to distributors as the coronavirus pandemic has affected production.
Rio Tinto’s Winu copper project just got bigger
The miner has made a promising discovery 2 km east of the copper-gold deposit in Western Australia.
New Century, Vale delay nickel mine deal
New Century now has until September to present a binding offer for the New Caledonia nickel-cobalt complex.
IAMGOLD restarts Rosebel mine in Suriname
Operations were suspended mid-June due to a work stoppage related to the spread of covid-19.
Teranga Gold’s Senegal mine a ‘top tier’ asset, study confirms
Results from PFS show the Sabodala-Massawa complex is a large, long life and low cost gold mine.
Hochschild keeps output target despite higher costs
A stronger Q2 production offset rising costs, with shares gaining and key projects advancing.