Cenovus to acquire MEG Energy in $5.7B oil sands deal
The deal brings together two top Alberta oil sands producers with combined production of over 720,000 barrels per day.
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Avino buys back La Preciosa royalties for $22M
The move is aimed at lowering the project’s operating cost profile ahead of mining to start this year.
Galan Lithium proceeds with $13M financing for Argentina project
The proceeds are expected to fund the Phase 1 construction activities at the HMW project in Catamarca province.
China’s rare earth companies rally after Beijing tightens grip
Among the top movers was magnet supplier JL-Mag Rare-Earth, which climbed as much as 18% in Hong Kong.
Texas factory gives Chinese copper firm an edge in tariff war
Wellascent plans to invest in three years $100 million in the US plant.
Aris Mining to exit Canada after $25M deal
The deal is to see Aris become a 19.9% shareholder in McFarlane Lake Mining.
First Quantum drops plan to sell stakes in Zambia copper mines
Early last year, the company said it was considering offloading minority interests in its Kansanshi and Sentinel operations in Zambia.
Kenorland starts resource with 26-gram gold hit in Quebec
The assays, following similar results a year ago, come as Japan’s Sumitomo Metal Mining assumes operatorship at Frotet.
Silver price touches $39 as market weighs rate cut outlook
The metal had briefly touched $39 for the first time in a month.