Total measured and indicate resources now stand at 657 million tonnes grading 0.26% nickel for 1.7 million tonnes of contained nickel, a 9% increase from the previous estimate.

With rising prices, a favourable supply-demand outlook and few new mines in development, investors are paying close attention to copper.

The future of the mine in Canada’s Northwest Territories remains uncertain after the company announced that a deal to sell it to a subsidiary owned by its parent company, The Washington Companies, has fallen apart.

According to the company, estimated proven and probable reserves increased by 142,267 oz. gold as of June 30, up 28% from the previous estimate.

Demand is expected to rise from 47,300 tonnes in 2020 to 117,400 tonnes in 2024, according to a GlobalData.

Company has signed an agreement with SSR Mining to purchase 100% of the silver-copper project in Peru.

The open-pit project is expected to start production in 2024.

Company has withdrawn its 2020 production, cash cost and capital expenditure guidance for its copper and gold mine in Brazil after a power outage caused damage to all four of the operation’s SAG and ball mill motors.