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CMOC to Acquire Lumina Gold for $420 Million
May 12, 2025
Lumina Gold and CMOC Group have entered into an arrangement agreement where CMOC will acquire all of the issued and outstanding common shares of Lumina for a total equity value of approximately $420 million (C$581 million). “After advancing the Cangrejos
Metso Inaugurates Advanced Dewatering Development Hub in Irapuato, Mexico
May 12, 2025
Metso has officially opened its cutting-edge Dewatering Development Hub in Irapuato, strategically located in the central region of Mexico. The new facility represents a significant enhancement to Metso’s competitive positioning and customer service capabilities. It is designed to meet customers’
Silvercorp Releases Construction, Development Plan for Its El Domo Project, Ecuador
May 12, 2025
Silvercorp Metals released its construction budget for the development of the El Domo Project in Ecuador. The company is targeting bringing the project into production by the end of 2026 at an estimated cost of $240.5 million. The company has
Niger Security Forces Search Orano Offices and Seize Phones After Seizing Control of Its Somair Mine
May 9, 2025
Security forces in Niger have searched the offices of uranium miner Orano’s local subsidiaries, seizing phones and equipment, two sources told Reuters on Tuesday, months after the French company said authorities had seized control of its Somair Mine. One of
Barrick CEO Says He Does Not Know Where Mali is Keeping Its Confiscated Gold
May 8, 2025
Barrick Mining is spending $15 million a month to keep its Mali mine running and doesn’t know where Mali’s government is keeping the gold from the Canadian company, CEO Mark Bristow said on Wednesday. In an interview about the long-running
Peabody Notifies Anglo American of Material Adverse Change Impacting Planned Acquisition
May 6, 2025
Peabody said it has notified Anglo American of a material adverse change (MAC) impacting Peabody’s planned acquisition of steelmaking coal assets from Anglo. The MAC relates to issues involving the Moranbah North Mine, which remains inactive following what was described
13 Workers Kidnapped from Peruvian Gold Mine Found Dead
May 6, 2025
The bodies of 13 security guards kidnapped from a major Peruvian gold mine just over a week ago were found Sunday, Peru’s Interior Ministry said, their deaths coming as violence escalates in the Andean nation’s crucial mining industry. The gold
Torex Gold Declares Commercial Production at Media Luna Mine, Mexico
May 5, 2025
Torex Gold Resources said it has achieved commercial production at the Media Luna Mine, concluding the development phase of the Media Luna Project. Amongst other criteria, commercial production is declared when construction is substantially complete, mine and mill throughput have
U.S. and Ukraine Sign Deal Giving U.S. Access to Country’s Valuable Mineral Wealth
May 1, 2025
The U.S. and Ukraine on Wednesday signed an agreement granting American access to Ukraine’s vast mineral resources, finalizing a deal months in the making that could enable continued military aid to Kyiv amid concerns that President Donald Trump might scale
Resolute Mining Acquires AngloGold Ashanti’s Côte d’Ivoire Projects for $185 Million
May 1, 2025
Resolute Mining Limited has signed an agreement to acquire the Doropo and ABC gold projects, located in Côte d’Ivoire, from AngloGold Ashanti for $150 million, as well as a royalty and milestone payment over the ABC Project and the transfer
