March 7, 2024

Fortuna Silver takes $90.6m charge on Mexican mine closure

It will cease activities at its San José mine in Mexico this year, six months earlier than planned, due to rising costs and depleted reserves.

March 6, 2024

Platinum’s worst crisis in decades hits jobs in South Africa

The nation’s platinum sector — which accounts for about 70% of global output — has been a key export industry.

March 6, 2024

US court sides with Apple, Tesla, other tech companies over child labor in Africa

A federal appeals court refused to hold the companies liable over their alleged support for the use of child labor in cobalt mining in the DRC.

March 6, 2024

Platinum deficit in 2024 to be deeper than expected – WPIC

Platinum demand surged 25% in 2023, seen down 6% in 2024.

March 5, 2024

Sibanye falls to $2 billion loss, weighs capital raise if metal prices worsen

CEO Neal Froneman said Sibanye may consider a capital raise if the lower metal prices persist for longer.

March 4, 2024

Barrick cuts cyanide by 80% by adding glycine leach for gold recovery

In 2023, Barrick rolled out a global testing and implementation program with the goal of using GlyCat to unlock substantive savings.

March 4, 2024

First Quantum touts interest in its Zambia copper operations

The company has been under pressure to strengthen its balance sheet and raise cash after its flagship copper mine in Panama was shuttered.

March 1, 2024

Debswana diamond sales down 25.1% in 2023 on weak demand

Debswana sold diamonds worth $3.44 billion in 2023 from $4.59 billion registered in 2022.

March 1, 2024

Northam CEO says South African platinum miners facing worst crisis in decades

Platinum prices fell due to weaker growth in China and destocking by manufacturers post-Russia-Ukraine invasion.

February 29, 2024

Impala Platinum considers mine closures after profit slump

Decisions to mothball loss-making operations could be made within the next six months.