Capital Market

Mining News Pro - First Quantum Minerals shares were up 17% on Thursday after Pangaea Investment Management, a firm backed by Chinese state-owned Jiangxi Copper upped its stake in the Canadian miner.

Mining News Pro - Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) has completed the sale of its El Limon and La Libertad gold mines, the Pavon gold project and other mineral concessions in Nicaragua to explorer and developer Calibre Mining.

Mining News Pro - Australia’s Fortescue Metals Group (ASX:FMG) and Guinea’s Société Miniere de Boke (SMB) are the two companies shortlisted to win mining rights to the northern blocks of the giant Simandou iron ore deposit, given up by Israeli tycoon Beny Steinmetz earlier this year.

Mining News Pro - Canada’s $8 billion precious metals-focused fund manager is bargain-hunting for stakes of mining firms that have seen valuations tumble.

Mining News Pro - First Mining Gold announced on Wednesday the positive results of an updated preliminary economic assessment (PEA) for its Springpole gold project. The project is located about 110 km northeast of the town of Red Lake in northwestern Ontario, covering 32,448 hectares.

Mining News Pro - Altamira Gold announced an increase in the resource estimate for its advanced Cajueiro project, located in the northern part of the Mato Grosso state in western Brazil.

Mining News Pro - Newmont Goldcorp said on Tuesday its $175 million Ahafo mill expansion project in Ghana had begun commercial production, becoming the third project the company has delivered on schedule and within budget this year.

Mining News Pro - Australia’s Newcrest Mining Ltd, the country’s biggest gold producer, said on Tuesday it will go ahead with a $685 million first-stage expansion of its flagship Cadia mine in New South Wales.

Mining News Pro - Canadian gold miner B2Gold (TSX: BTO) has approved a $3 million investment to build an offgrid solar battery hybrid system at its Fekola mine in Mali. Construction is set to start at the end of this year, with completion scheduled for August 2020.

Mining News Pro - A Canadian court has given the go-ahead for a pension fund’s proposed $3 billion securities class action against Barrick Gold (TSX:ABX) (NYSE:GOLD), the world’s second largest bullion miner, for alleged misrepresentations in its environmental disclosures about the stalled Pascua Lama gold-copper mine straddling the Chile-Argentina border.

Mining News Pro - Gold investment demand was strong in the months following gold’s decisive breakout to new bull-market highs in late June. The metal’s upside momentum fueled big capital inflows, accelerating its gains.

Mining News Pro - Newmont Goldcorp confirmed on Wednesday the lifting of an almost four-week illegal blockade affecting its Peñasquito gold-silver mine in Mexico, which will cost the operation thousands of tonnes in terms of lost output.

Mining News Pro - M3 Metals (TSXV: MT) secured an option from two separate vendors to acquire a 100% right, title and interest in the Mohave Mine gold project in the US state of Arizona.

Mining News Pro - Benchmark Metals has received the first drill result from the Phoenix zone discovery, part of the Lawyers gold-silver property located within British Columbia’s Golden Horseshoe.

Mining News Pro - A team of US-based scientists came up with the strongest silver ever -42% stronger than the previous world record- after discovering a new mechanism that allowed them to strengthen metals while not losing any electrical conductivity.

Mining News Pro - A campsite at the Río Blanco gold-silver project in southern Ecuador was set on fire this weekend by what operator Ecuagoldmining South America deems ‘terrorist attackers.’

Mining News Pro - Shares in Egypt-focused gold miner Centamin (LON:CEY) fell on Thursday more than 15% to 105.65 in London after it announced that its chief executive, Andrew Pardey, would leave the company following a year of operational challenges.

Mining News Pro - Canada’s IAMGOLD Corp. (TSX IMG), (NYSE: IAG) denied on Thursday news of illegal miners forcing the company to halt operations at its Rosebel gold mine in Suriname for the second time this year, saying it continues to resume mining activities at the asset.

Mining News Pro - Newmont Goldcorp has begun commercial production at its all-electric underground Borden gold mine, located near Chapleau, Ontario, about 160 km west of the company’s Porcupine mine.

Mining News Pro - Canadian mining firm Silver Bull Resources said in a statement on Monday that it has temporarily suspended work at its Sierra Mojada project in northern Mexico due to a blockade by a cooperative of local miners.

In Picture

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