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Rio Tinto has made a non-binding proposal to the Turquoise Hill Board to acquire the approximately 49% of the issued and outstanding shares of Turquoise Hill that Rio Tinto does not currently own . Under the terms of the Proposed Transaction, Turquoise Hill minority shareholders would receive C$34 in cash per Turquoise Hill share, representing a [...]
Capstone Mining Corp. is pleased to announce that it has received approval from the Mexican Federal Economic Competition Commission for the previously announced business combination with Mantos Copper. As a result, all Key Regulatory Approvals have now been obtained for the Transaction. The Transaction is subject to customary closing conditions and [...]
Gold Resource Corp. produced and sold 22,644 gold ounces, 1,066,581 silver ounces, 1,420 copper tonnes, 5,999 lead tonnes and 13,553 zinc tonnes. For the year ended December 31, 2021, we reported net income of $8.0 million with revenue of $125.2 million and mine gross profit of $36.7 million from operations. Allen Palmiere, President and CEO said [...]
Coeur Mining Inc. today announced Aoife McGrath will join the Company as Senior Vice President of Exploration, effective next month. Ms. McGrath will assume leadership of Coeur's exploration efforts from Hans Rasmussen, who plans to retire as previously announced. "Aoife is an accomplished leader and we are excited to welcome her to Coeur as our [...]
Rupert Resources Ltd. , a company advancing the multi-million-ounce Ikkari gold deposit and new regional discoveries at the company's 100% owned Rupert Lapland Project in Northern Finland, announces that Agnico Eagle Mines Ltd. has exercised warrants issued in Rupert's February 2020 private placement to acquire 11,543,704 common shares for net [...]
HighGold Mining Inc. is pleased to report complete assay results for the late 2021 Fall Drill Program at its Munro-Croesus project located in the Timmins gold camp, Ontario, Canada. The 4,321-meter Program evaluated the #2 Vein and #4 Vein targets located one kilometer west of the past-producing high-grade Croesus Gold Mine. An 8,000-meter Phase 2 [...]
Altius Minerals Corp. reports full year revenue of $81.7 million compared to $60.0 million for 2020, and $22.6 million for the fourth quarter compared to $21.5 million for the same period in 2020. Full year 2021 attributable royalty revenue, adjusted for joint venture revenue, of $83.9 million ) was 24% higher than the $67.5 million reported for [...]
Gold Reserve Inc. announced that it has learned that The Ministry of Mines of Bolivarian Republic of Venezuela issued a Resolution that purports to revoke the mining rights of the Venezuelan Joint Venture Company, Siembra Minera SA for alleged non-compliance with certain Venezuelan mining regulations. The Resolution states that Siembra Minera SA [...]
Rio Tinto and peak mining unions spanning its global operations have held their biannual Steering Committee in Pittsburgh. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220309005180/en/ The Steering Committee represents a partnership between the mining and metals company and the largest [...]
Alcoa Corp. today officially marked the completion of a capital project that is expected to improve stability, increase efficiency, and boost production at its Deschambault aluminum smelter in Quebec, Canada. The smelter has finished the installation of upgraded electrical infrastructure, the result of a $47 million capital project to help the site [...]
Piedmont Lithium Inc. is pleased to report the results of a Preliminary Economic Assessment for a proposed merchant lithium hydroxide plant to expand Piedmont's planned U.S. manufacturing capacity to 60,000 metric tons per year of lithium hydroxide. The PEA results for LHP-2 demonstrate the potential for Piedmont Lithium to expand its lithium [...]
NexGen Mining Inc. , today announced that it has signed an extension to its non-binding letter of intent to acquire Electrum Copper Corp. for shares of the Company's common stock. Electrum is an exploration and development company and the owner of the Candela and Don Indio Projects, both located in Mexico. Pursuant to the extension, the parties [...]
