MINING.COM

Africa’s Sibanye-Stillwater lowers valuation for miner Lonmin

Sibanye-Stillwater has revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about $77m less than originally proposed.

Reuters | April 25, 2019 | 10:00 am

Freeport shares drop after quarterly profit misses expectations

The Phoenix-based company posted first quarter net income of $31m, compared with net income of $692m in the year-ago quarter.

Reuters | April 25, 2019 | 9:41 am

Around the world, buyers’ remorse sets in for costly clean power

Two decades ago, governments and utilities around the world began offering above-market rates and contracts to fuel the rise of clean energy, but now these pacts are under attack.

Bloomberg News | April 25, 2019 | 9:32 am

Newmont Goldcorp profit beats on higher production as prices fall

Chief Executive Gary Goldberg said on an analyst call the combined company is targeting production of 6 million to 7 million ounces of gold annually.

Reuters | April 25, 2019 | 9:22 am

Canadian miners start 2019 off on the right foot amid mega-deals

Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.

Cecilia Jamasmie | April 25, 2019 | 9:16 am

Acacia Mining core profit slumps as Tanzanian troubles bite

Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.

Reuters | April 25, 2019 | 9:11 am

UrbanGold Minerals to survey StarGold property in Quebec

With the support of Prospectair, the company plans to run an 809 line-kilometre electromagnetic survey.

MINING.COM Staff Writer | April 25, 2019 | 6:56 am

Canadian gold miner starts drilling in Fiji

Lion One Metals kicked off a drilling campaign at the Tuvatu gold project located on the island of Viti Levu.

MINING.COM Staff Writer | April 25, 2019 | 6:53 am

Ivanhoe to fast-track DRC mine into production after CITIC invests $454m

This second major cash injection brings the Chinese miner's total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.

Cecilia Jamasmie | April 25, 2019 | 5:30 am

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