April 27, 2020

Lockdowns and low prices generate nickel supply shock

Nickel recovered from a four-year low of $10,865 a tonne in March to a current $12,820.

April 27, 2020

Zijin axes expected gold output after losing PNG mine

It plans to speed up the construction of the Longnan Zijin project in China and look into acquisitions to offset the loss of Porgera.

April 27, 2020

De Beers boosts output by 5.8% in Namibia

Namdeb, a joint venture between the Namibian government and De Beers, produced 511,000 carats in the first quarter.

April 24, 2020

Glencore denies union claim S. Africa smelter workers had fake permits

Glencore said the workers were escorted to a local police station, but that all their work permits were valid.

April 24, 2020

CIBC raises gold price forecast; shares top stock picks

Bank is increasing its forecast to $1,725 per oz. in 2020 and $1,800 per oz. in 2021.

April 24, 2020

Miners will weather the covid-19 storm — report

Resilience and better financial positions built over past years will shield miners, Fitch says.

April 24, 2020

Rio Tinto boosts budget for Citadel copper project

Rio will spend A$9.2 million ($5.9m) on exploration at the project, a joint venture with junior Antipa Minerals.

April 24, 2020

Diamonds need some new best friends

Nearly seven decades after Marilyn Monroe’s immortal song, it's time for a new myth.

April 24, 2020

Freeport ramps up cost-cut measures, shares rise

Company, whose shares climbed over 6% in NYSE, announced a $1.3 billion cut to its 2020 estimated operating costs.

April 24, 2020

Papua New Guinea snatches Barrick Gold’s Porgera mine

PNG's government has refused to extend the company’s lease, citing environmental and social concerns.