December 3, 2023

First Quantum asks government for clarity on future of Cobre Panama’s workers

The Canadian miner issued a communiqué informing employees that it is uncertain how many people will be able to continue working at the operation.

December 3, 2023

Nine dead in Peru’s Poderosa mine after armed men raid

Peru’s national police took control of the mine, seized weapons, and detained seven suspects of the deadly attack.

December 1, 2023

Long-term sustainability uncertain if Panama operations end, says First Quantum CEO

The company has notified buyers it will not be able to meet agreements due to force majeure.

December 1, 2023

Founders Metals’ high-grade hits hint at Guiana Shield bounty for Antino project in Suriname

The junior miner is closing off the year with drill results as high as 13 metres at 14.03 g/t gold.

December 1, 2023

Peru mining output grows 3.14% in October, slowest in 8 months

Copper production was up 2.1% from the same month a year ago, while gold and zinc jumped 10.0% and 10.4% respectively.

December 1, 2023

Vale Base Metals in search of new CEO

Deshnee Naidoo will step down from her position as CEO effective March 31.

December 1, 2023

Shares of Anglo American and Antofagasta rally after UBS upgrade

Anglo American shares surged 7.8% in London after UBS upgraded its rating from neutral to buy.

December 1, 2023

Copper price climbs to three-month high on Panama mine risk, shortfall

The metal rose as much as 1.2% on Friday, tracking a rally in European and Chinese stock markets.

December 1, 2023

Copper miners, Chinese smelters agree on first drop in fees in 3 years

Miners on Friday reached agreements with Chinese smelters for a lower copper concentrate treatment and refining charges for 2024.

December 1, 2023

First Quantum takes Panama to international court

It is also suspending its 2023 production guidance for Cobre Panama mine, which accounts for about 1.5% of the world’s copper production.