October 6, 2023

Copper Study Group expects big supply surplus in 2024

Production is forecast to exceed usage by 467,000 metric tons in 2024, a significant upward revision from the expected 297,000 metric ton surplus from April.

October 6, 2023

Pan American Silver suspends operations at La Colorada following armed robbery

There were no physical injuries to personnel in connection with the incident.

October 6, 2023

Codelco announces leadership shakeup, outgoing CFO to play key lithium role

Alejandro Rivera has been closely involved with Codelco's lithium strategy for years.

October 6, 2023

Codelco reassessing costs of projects to upgrade mines

Chairman Pacheco also said the company would maintain capital spending next year at $4 billion, roughly in line with 2023.

October 6, 2023

Strike at Newmont’s Peñaquito mine ends with 8% pay raise

Agreement ends a four-month-long strike at Mexico’s largest gold mine, which cost Newmont millions of dollars a day.

October 5, 2023

Lundin in talks with Japanese trading houses to develop Argentina mine

New CEO Jack Lundin said the company is conducting risk analysis before finalizing strategic partners to help develop the Josemaria copper-gold mine.

October 5, 2023

Codelco loses CFO in latest blow to world’s top copper miner

Alejandro Rivera resigned as CFO a day after Codelco’s investment-grade credit rating was cut one notch by Moody’s.

October 5, 2023

Séguéla drives Fortuna to record gold production in Q3

The Yaramoko mine in Burkina Faso also saw a 25% increase in production.

October 5, 2023

Chile’s government looks to China to upgrade its economy beyond commodities

While Chile’s trade with China surpassed $65 billion last year, most of its exports are dominated by copper and much of it is shipped in the form of concentrates

October 5, 2023

Buenaventura suspends Peru mine on permitting delays

Peru’s top publicly traded precious-metals producer has halted Colquijirca's Tajo Norte mine for up to three years due to permitting delays.