Tag: Copper

The three Orion Resource Partners funds that recently sold a stake in Capstone Copper (TSX: CS; ASX: CSC) are selling another 8.3% holding via a secondary offering in Australia for proceeds totalling A$592.8 million ($530.1 million).

The Mining Association of Canada (MAC) and The Copper Mark are collaborating on a pilot project seeking to enhance the assurance processes of both Towards Sustainable Mining (TSM) and the Copper Mark standards.

Chilean miner Antofagasta (LSE: ANTO) has secured US$2.5 billion to finance a second concentrator at its Centinela copper mine in the country’s north, which will add 144,000 tonnes a year to the company’s overall production.

Vancouver-based Solaris Resources (TSX: SLS) announced a trilateral cooperation agreement with the Interprovincial Federation of Shuar Centers (FICSH) and Ecuador’s Alliance for Entrepreneurship and Innovation.

The indicated resource count at Tudor Gold‘s (TSXV: TUD) flagship Treaty Creek project in British Columbia has grown by 19% in terms of gold-equivalent ounces following last year’s drill program targeting the northern portion of the Goldstorm deposit.

SolGold (TSX: SOLG; LSE: SOLG) has managed to slash the upfront cost of its 100%-owned Cascabel project in Ecuador while the company continues to explore the potential sale of its flagship copper-gold property. A new pre-feasibility study released Friday showed a sizeable reduction in the initial capital cost, highlighted by over US$1 billion in savings.

Capstone Copper (TSX: CS; ASX: CSC) and major shareholder Orion Resource Partners, have closed a $431-million bought deal to support the copper miner’s near-term growth initiatives in Chile.

The proposed expansion of Barrick Gold’s (TSX: ABX; NYSE: GOLD) Lumwana copper mine is being accelerated with first production scheduled for 2028, CEO Mark Bristow told Zambian President Hakainde Hichilema in their meeting Tuesday.

Danakali (ASX: DNK) warned shareholders on Friday of “predatory activity” by unidentified groups currently approaching investors with “vulture” offers for their stakes in the company, seeking to pay as little as A1¢ per share.

Taseko Mines (TSX: TKO; NYSE: TGB; LSE: TKO) has inked a deal with Taurus Mining Royalty Fund that would allow it to speed up construction of its Florence copper mine in Arizona.

Shares of American Pacific Mining (CSE: USGD; US-OTC: USGDF) skyrocketed Thursday after the company released the third and final batch of assay results from its 2023 drill program at the high-grade volcanogenic massive sulphide (VMS) Palmer project in Alaska.

Arizona Sonoran Copper (TSX: ASCU) stock closed 10% higher in Toronto Thursday after the company signed a deal that could make a Rio Tinto (LSE: RIO; ASX: RIO) subsidiary a partner and de-risk the Cactus project.