Pasofino Gold receives $75 million cash offer
Upon approvals, the parties expect to enter into a definitive agreement in the fourth quarter of 2024, Pasofino said.
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The company has agreed to acquire 100% of the gold project from Endeavour Mining.
Atlantic Mining to pay Nova Scotia gold mine clean-up bond as it appeals conditions
Atlantic contends the provincial deadline for achieving water quality standards around the mine in Moose River is unreasonable.
Gowest Gold preps to go private as Chinese investors hold almost half of shares
The move coincides with some Canadian junior companies expressing frustration with the federal government for stymieing foreign investment in critical minerals.
Gold price sets new record as Fed rate cut decision looms
Spot gold climbed as much as 0.5% to an all-time high of $2,589.70/oz.
Vedanta alumina output unaffected after water breach
Rising alumina prices have already been putting pressure on aluminum makers’ margins.
Lucara recovers sixth diamond larger than 1,000 carats at Karowe mine in Botswana
Last month, the miner unearthed the second-largest diamond ever found.
Ex-Glencore trader plots return but says compliance is a turnoff
Sebastien Le Page, who worked at Glencore for 18 years before retiring in 2015, said that the current state of the copper market had piqued his interest.
Russia’s Uralkali to supply 600,000t of potash to India before year-end
The contract was signed earlier this year, according to a Reuters source.
