Global miner Newmont has completed the sale of its common shares of Orla Mining, for aggregate gross proceeds of US$439 million (C$605 million). “Today’s announcement demonstrates Newmont’s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont’s capital allocation priorities,” said Newmont CEO Tom Palmer. “We value the strong relationship we’ve had with Orla since our…
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Pan American reports multiple high-grade silver zones at La Colorada
Pan American Silver has announced new drill results for its La Colorada underground mine in Zacatecas, Mexico, including multiple high-grade veins that indicate the potential for expansion of silver mineral resources, extension of mine life, and improved economics. “Our exploration efforts have identified high-grade intercepts below and along the strike of the known La Colorada vein system, east of the…
Read MoreElk Creek exploratory drilling completed
NioCorp Developments announced that a Pentagon-funded exploratory drilling program at its Elk Creek critical minerals project in southeast Nebraska has been completed. The drilling program was designed to support converting a portion of the company’s current Indicated Resources into Measured Resources and the subsequent conversion of a portion of its current Probable Mineral Reserves into Proven Mineral Reserves. The effort…
Read MoreEquinox Gold advances Canadian sites, adds new leadership
Equinox Gold has provided an update on its cornerstone Canadian mining operations: the Valentine gold mine in Newfoundland & Labrador and the Greenstone gold mine in northern Ontario. “I am pleased to announce that our Valentine gold mine has begun processing ore through its 2.5-million-tonne-per-annum facility. We expect to pour first gold within the next month, marking another important milestone…
Read MoreNewmont completes non-core asset divestment with Coffee deal
Newmont has agreed to sell its Coffee gold project in Yukon, Canada, to Fuerte Metals for up to $150 million in total consideration. Upon completion of the transaction, Newmont will have divested all its non-core assets, six operations and two projects. “The sale of the Coffee project reflects our ongoing efforts to streamline the portfolio and sharpen our focus on…
Read MoreBarrick sells Hemlo gold mine in Canada
Barrick Mining has reached an agreement to sell its Hemlo gold mine to Carcetti Capital Corp. for up to $1.09 billion. Upon closing, Carcetti will be renamed to Hemlo Mining Corp. “The sale of Hemlo at an attractive valuation marks the close of Barrick’s long and successful chapter at the mine and underscores our disciplined focus on building value through…
Read MoreEriez names mining products head
Eriez has promoted Jose Concha to global director of Mining Products, a strategic move that reinforces the company’s strong commitment to advancing minerals processing through continuous innovation. In his new role, Concha will lead global product strategy for Eriez within the company’s industry-leading flotation and magnetic separation technologies in mining. He will head a team of product managers responsible for…
Read MoreImperial Metals secures permit for Mount Polley expansion
Imperial Metals has received a permit amendment to allow expansion and extension of mining activities at its Mount Polley copper-gold mine in south-central British Columbia. The expansion allows for pit development and expansion of rock-storage areas. “Receiving this permit is good news for Imperial, our workers, the local community and our First Nations partners. We will be able to continue…
Read MoreNMA, EMA applaud USGS critical minerals list update
The National Mining Association (NMA) and the Essential Minerals Association (EMA) both applauded the release of the U.S. Geological Survey (USGS) draft revised critical minerals list, which now includes copper, lead, potash, rhenium, silicon and silver. In releasing the draft list, the USGS noted that it does not include uranium or metallurgical coal, as both are considered “fuels,” which are…
Read MoreVirginia Tech, Aclara form heavy REE alliance
A strategic partnership between Virginia Tech and Alcara Technologies, the U.S.-based subsidiary of Aclara Resources, aims to strengthen a sustainable domestic supply chain for critical heavy rare earth elements. Aclara’s rare earths separation pilot plant is expected to open this fall at the Virginia Tech Corporate Research Center in Blacksburg, Va., where it will benefit from the research park’s amenities…
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