Canada Mining Association applauds 75% wage subsidy
Businesses and nonprofit organizations seeing a drop of at least 30% in revenue due to covid-19 will be eligible for the program.
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Premier offers Centerra $205m for Ontario project
The offer consists of a $175-million cash payment and the assumption of all Centerra’s obligations under the partnership agreement.
Harmony Gold curbs output as it shuts nine mines
It expects to only produce between 650kg to 700kg of gold in South Africa during the 21-day lockdown imposed by the government.
Global M&A dwindle as coronavirus batters world’s economies
With large swathes of the globe shut down, the M&A pipeline remains patchy and likely to be dominated by rescue deals.
First Cobalt produces battery-grade cobalt sulphate
First Cobalt owns the only fully permitted cobalt refinery capable of producing battery grade material in North America.
B2Gold resumes mining at Masbate
The company expects to meet or exceed budgeted consolidated gold production for the first quarter of 2020.
Russia, world’s biggest buyer of gold, will stop purchases
With gold prices near a seven-year high and international investors clamoring for a safe haven, Russian dealers are probably eager to sell.
First Majestic acquires 19.9% stake in GR Silver
The deal gives GR 100% ownership of the past-producing Plomosas silver project in Mexico.
Collapsing auto sector a body blow for industrial metals
In terms of industrial metal markets, the automotive sector has turned from hero to zero in the space of weeks.