Index

American West Metals (ASX: AW1; US-OTC: AWMLF) on Monday reported bonanza-grade copper and zinc grab samples at the Tempest prospect of the Storm project in Nunavut.

Lundin Group copper and gold explorer NGEx Minerals (TSXV: NGEX) said Friday it has restarted and increased the drill rig count at the Lunahuasi project in Argentina to four following a recent $85.7 million financing.

Chile’s Codelco, the world’s top copper producer, plans to invest an additional US$720 million ($985.6 million) revamping its century-old Chuquicamata copper mine, in an effort to stop the company’s overall production decline.

Li-FT Power (TSXV: LIFT; US-OTC: LIFFF) has closed its recently announced overnight marketed public offering of flow-through shares priced at $8.65 each. About 1.44 million shares were sold.

Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Nov. 14.

Hudbay Minerals (TSX: HBM; NYSE: HB) plans to publish a new technical report and mine plan for its recently acquired Copper Mountain mine in B.C. that will pull back overly optimistic plans drawn up by the operation’s previous owner.

Struggling Scotgold Resources, which operates Scotland’s only gold mine, is planning to appoint administrators over the coming days as financing talks announced last month failed to attract investment.

Argonaut Gold (TSX: AR) has achieved commercial production at its Magino mine in northern Ontario after construction costs almost doubled to nearly $1 billion and led to the ouster of a CEO before a mill problem postponed output.

An updated resource for American Lithium‘s (TSXV: LI, NASDAQ: AMLI) Falchani project in Peru grows the measured and indicated totals of lithium carbonate equivalent (LCE) by 476%, according to the report released on Tuesday.

Canadian gold miner Agnico Eagle (TSX: AEM; NYSE: AEM) confirmed on Friday that its operating permit for the Kittila mine in Finland remains valid despite appeals for reconsideration, and, as a result, the company now expects to reach the upper end of its annual guidance.

SolGold (LSE: SOLG) said on Wednesday it’s making headway with the potential sale of its flagship Cascabel copper-gold project in Ecuador, as it has held talks with more than 20 “highly credible” interested groups.

Brazil-focused explorer Bravo Mining (TSXV: BRVO; US-OTC: BRVMF) shares surged on Monday after the company announced an initial resource estimate for its Luanga palladium-platinum-rhodium-gold-nickel project located in Pará state.