Roxgold and Newcrest close deal on Séguéla project in Côte d’Ivoire

Roxgold and Newcrest close deal on Séguéla project in Côte d’Ivoire

Roxgold (TSX: ROXG) announced Thursday that the deal to acquire from Newcrest a portfolio of 11 exploration permits in Côte d’Ivoire, including the Séguéla gold project, has completed. The Canadian miner paid $20 million upfront, to be...

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Done deal: Newmont Goldcorp becomes world’s No. 1 gold miner

Done deal: Newmont Goldcorp becomes world’s No. 1 gold miner

Newmont Mining’s $10 billion acquisition of Canada’s Goldcorp closed Thursday, giving rise to Newmont Goldcorp Corporation (NYSE: NEM)(TSX: NGT), the world’s largest gold producer by market value, output and reserves. The mammoth company, to be...

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Copper price jumps to 9-month high on red-hot China data

Copper price jumps to 9-month high on red-hot China data

The price of copper jumped on Wednesday after upbeat industrial activity data from China, consumer of half the world’s industrial metals, provided evidence that Beijing’s stimulus program is finally filtering through to the real economy. Copper...

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Botswana unveils rare 20-carat blue diamond, the country’s largest ever

Botswana unveils rare 20-carat blue diamond, the country’s largest ever

Botswana’s state-run Okavango Diamond Company unveiled on Wednesday what is believed to be the largest blue diamond ever discovered in the southern African country, which is one of the world’s top producers. The 20.46-carat, oval-shape...

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Millennial Lithium stock jumps 12% following boost in resource estimate

Millennial Lithium stock jumps 12% following boost in resource estimate

Shares of Millennial Lithium Corp (TSX.V:ML) traded up 12.4% at the open on Wednesday to an intraday high of C$1.92, lifting the Vancouver-based company’s market capitalization to over C$150 million. Over 120,000 shares were traded by early...

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Mega-mergers will bring short-lived glory if miners ignore innovation — opinion

Mega-mergers will bring short-lived glory if miners ignore innovation — opinion

The writing is on the wall for Canadian mining companies and it has been for quite some time. Their glory days as a global leaders are fading – and mega-mergers won’t bring salvation. Market signals are already showing troubling signs of this...

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New Gold gets green light for proposed $1.8B Blackwater project

New Gold gets green light for proposed $1.8B Blackwater project

New Gold Inc. (TSX: NGD) has received federal environmental approval for its 100% owned C$1.8B Blackwater gold project proposal in British Columbia, Canada. The Minister of Environment and Climate Change announced that the proposed project can...

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Fundamental Research maintains a BUY rating on Telson Mining

Fundamental Research maintains a BUY rating on Telson Mining

Fundamental Research analyst Sid Rajeev provided an update report recently on Telson Mining (TSXV:TSN) and maintained a BUY rating on the company. Some of the highlights include the following: “Telson Mining Corporation (“Telson”, “company”) sold...

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Chinese refineries can’t get enough copper concentrate

Chinese refineries can’t get enough copper concentrate

The price of copper dipped on Monday despite trade data showing Chinese imports of refined copper rebounding in March while ore and concentrate shipments continue to strengthen. Copper for delivery in May traded as low as $2.916 per pound ($6,430...

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Taseko stock gets boost on first copper production in Arizona

Taseko stock gets boost on first copper production in Arizona

Shares of Taseko Mines Ltd. (TSX:TKO) jumped over 8% and hit a five-week high on Monday afternoon, bringing the company’s market capitalization to nearly C$220 million. The company has just announced that its Florence copper production test...

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Lundin Mining grabs Brazilian mine from Yamana in $1B deal

Lundin Mining grabs Brazilian mine from Yamana in $1B deal

Canada’s Lundin Mining (TSX:LUN) has agreed to acquire a copper-gold operation in Brazil from fellow miner Yamana Gold (NYSE: AUY), (TSE: YRI) in a $1 billion-deal as it looks to beef up its base metals portfolio. The Chapada mine, in the...

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