Mining

Equinox Gold acquires Orla Mining in $5.1 billion consolidation, backed by Pierre Lassonde teaser image

Equinox Gold acquires Orla Mining in $5.1 billion consolidation, backed by Pierre Lassonde

(Kitco News) - The gold sector's highly anticipated wave of consolidation has arrived. Equinox Gold Corp. has struck a definitive agreement to acquire Orla Mining Ltd. in a $5.1 billion transaction, forging a new North American powerhouse capable of producing 1.1 million ounces of gold annually.

May 13, 2026 - 11:40 AM

Pierre Lassonde says the $40 trillion U.S. debt crisis is paving the way for gold to reach $17,250 an ounce teaser image

Pierre Lassonde says the $40 trillion U.S. debt crisis is paving the way for gold to reach $17,250 an ounce

May 12, 2026 - 10:28 AM

India caps duty-free gold imports for jewellery exporters teaser image

India caps duty-free gold imports for jewellery exporters

May 14, 2026 - 7:51 PM

Zambia eases ban on sulphuric acid exports to Congo as stocks recover, minister says teaser image

Zambia eases ban on sulphuric acid exports to Congo as stocks recover, minister says

May 14, 2026 - 7:49 PM

Mideast conflict puts Argentina’s Vaca Muerta shale in focus, analysts say teaser image

Mideast conflict puts Argentina’s Vaca Muerta shale in focus, analysts say

May 14, 2026 - 7:48 PM

Chile taps new chair for leading copper producer Codelco teaser image

Chile taps new chair for leading copper producer Codelco

May 14, 2026 - 7:46 PM

Kitco Mining Channel

Gold Miner Agnico Eagle commits to spend $10.2 billion in Ontario, Canada by 2030

TORONTO, May 13 (Reuters) - Canadian miner Agnico Eagle has committed to spending $10.2 billion by ‌2030 towards exploration, development, and operations in gold mining in Ontario, Canada, the provincial government said on Wednesday. Here are ⁠some of the details.Agnico to invest an additional $1.46 billion to expand production at its Detour Lake and redevelop the Upper Beaver gold-copper mine.Detour Lake is Canada's largest gold-producing mine, according to the ‌government ⁠of Ontario statement.

May 14, 2026 - 7:38 PM

Trump’s designs on Greenland prod investment, tourism likely to pay off faster than mines

New focus on Greenland since Donald Trump declared his aim to seize it could help boost investment there, with Arctic tourism likely to pay off faster than ambitious future plans to mine for minerals, the head of Denmark’s export credit agency said.The governments of Greenland and Denmark have rejected Trump’s repeated demands that the self-governing Danish territory become part of the United States. But since Trump’s designs thrust Greenland into the headlines, there has been a surge of interest in doing business there.

May 13, 2026 - 2:50 PM

India raises gold and silver tariffs to 15% to curb imports, support rupee

India has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday, as part of efforts to curb overseas purchases of the metals and ease pressure on the country’s foreign exchange reserves.The higher duties could dampen demand in the world’s second-largest consumer of precious metals, although they may help narrow India’s trade deficit and support the rupee, one of Asia’s worst-performing currencies.However, industry officials warned higher import taxes could revive smuggling, which had eased after India cut tariffs in mid-2024.

May 13, 2026 - 2:14 PM

Chinese firms warn Indonesia’s nickel quotas, tax hikes threaten investment teaser image

Chinese firms warn Indonesia’s nickel quotas, tax hikes threaten investment

Chinese companies operating in Indonesia are urging more business-friendly policies, warning tighter nickel ore quotas, higher taxes and a new pricing formula are driving up costs and threatening investment in the world’s biggest nickel producer.In a letter to President Prabowo Subianto, copied to China’s embassy and seen by Reuters, the China Chamber of Commerce in Indonesia said Chinese firms faced “excessively stringent regulation, over-enforcement”, and alleged corruption and extortion by authorities.

May 13, 2026 - 1:57 PM

Zambia’s copper output down 4% in the first quarter teaser image

Zambia’s copper output down 4% in the first quarter

Zambia’s copper output fell 4% in the first quarter of 2026 from a year ago, Mines Minister Paul Kabuswe said on Wednesday.Copper output reached 208,992 metric tonnes in the three months to the end of March, down 4.27% from 218,308 metric tonnes in the first quarter of 2025, representing combined production from large-scale mines and small-scale operators.Kabuswe said that despite the decline in overall copper production, first-quarter output from large-scale mines rose 1.8% year-on-year.

May 13, 2026 - 1:45 PM

KGHM Q1 core profit beats forecasts teaser image

KGHM Q1 core profit beats forecasts

Polish copper and silver miner KGHM reported first-quarter profit that more than doubled from a year earlier and beat market expectations, helped by higher copper and silver prices.The state-controlled miner, whose share price had more than doubled in the year through March, reported adjusted core profit of 5.46 billion zlotys ($1.51 billion).The growth was primarily driven by the company’s core Polish unit, where adjusted core profit more than tripled.

May 13, 2026 - 1:26 PM

Kazzinc says its plants are running at reduced capacity after blast teaser image

Kazzinc says its plants are running at reduced capacity after blast

Mining company Kazzinc said on Tuesday that its zinc and lead plants at the Ust‑Kamenogorsk metallurgical complex in eastern Kazakhstan were operating at a reduced capacity after an explosion last week.Three people were killed and five others injured in the explosion at Kazzinc’s zinc plant in Ust‑Kamenogorsk. The company, Kazakhstan’s largest producer of zinc, lead and precious metals – owned by Glencore – did not disclose how output has been affected.Kazzinc said clean-up operations at the site and an investigation into the incident were ongoing.

May 12, 2026 - 4:47 PM

Arctial aluminum plant in Finland targets production launch in H2 2029 teaser image

Arctial aluminum plant in Finland targets production launch in H2 2029

The Rio Tinto-backed Arctial aluminum smelter in Finland, which could help to boost capacity in Europe, is targeting first hot metal production in the second half of 2029, Arctial chief commercial officer Maxime Vandersmissen said on Tuesday.The project, subject to a final investment decision in 2027, is more than three years away from the production stage but is in the spotlight already as the Iran war has tightened the availability of aluminum in import-dependent Europe.

May 12, 2026 - 4:24 PM

India, Russia in advanced talks on critical minerals pact teaser image

India, Russia in advanced talks on critical minerals pact

India and Russia are in advanced talks to sign a preliminary agreement on critical minerals covering exploration, processing and technological collaboration, two sources familiar with the matter said.The deal is expected to focus on lithium and rare earths, with the two governments also set to facilitate corporate investments, the sources said, declining to be identified as the deliberations were not public.The agreement could be signed within two months, they added.

May 12, 2026 - 4:15 PM

Copper output from Codelco down 10% in March teaser image

Copper output from Codelco down 10% in March

Copper production from Chilean state-run miner Codelco fell 9.98% year-on-year in March to 110,900 metric tons, data from copper commission Cochilco showed on Tuesday.Production at BHP’s Escondida mine, the world’s largest copper mine, fell 15.75% to 101,600 tons. At Collahuasi, another major copper mine jointly run by Glencore and Anglo American, output fell 10.80% to 31,400 tons.(By Natalia Ramos; Editing by Sarah Morland)

May 12, 2026 - 4:09 PM

China’s Q2 refined copper imports set to rise on demand pull teaser image

China’s Q2 refined copper imports set to rise on demand pull

China’s imports of refined copper are set to rise in the second quarter of this year, driven by strong demand and potentially lower domestic output because of smelter maintenance, analysts and traders said.Copper demand in the world’s biggest consumer of the metal used in power lines and for wiring in electric vehicles has gained momentum thanks to expanding grid investment and growing EV sales, analysts said.Higher Chinese imports could support benchmark prices that on Friday climbed to their highest since January 29, when they hit a record $14,527.50.

May 11, 2026 - 5:29 PM

Sumitomo Metal expects to secure double-digit copper treatment charges for 2026 teaser image

Sumitomo Metal expects to secure double-digit copper treatment charges for 2026

Sumitomo Metal Mining expects to secure double-digit treatment and refining charges (TC/RCs) for 2026 though below the 2025 Japan benchmark of $25 a metric ton and 2.5 cents per pound, an executive said on Monday, adding negotiations are still ongoing.Yasuhiro Miyake, executive officer and general manager of finance and accounting department, said that higher copper premiums will partially offset weaker TC/RCs.

May 11, 2026 - 4:50 PM

Indonesia delays plan to impose higher royalties, export duties on minerals teaser image

Indonesia delays plan to impose higher royalties, export duties on minerals

Indonesia has delayed plans to extract more revenue from the mining sector until it can figure out an “ideal formulation” that benefits both the government and mining firms, the country’s mining minister said on Monday.The government planned to impose higher royalties on some mining companies, as well as an export tax on shipments of certain minerals, including coal.The ministry is collecting feedback from miners to make sure the government arrives at a policy that will not burden the sector, Energy and Mineral Resources Minister Bahlil Lahadalia told reporters.

May 11, 2026 - 4:44 PM

Brazilian inspectors fine Sigma Lithium for using banned waste pile teaser image

Brazilian inspectors fine Sigma Lithium for using banned waste pile

Brazilian labor inspectors have fined Sigma Lithium for depositing waste in a pile that they had shut down because it posed a “grave and imminent” risk to workers and the local community, the inspectors told Reuters in a statement.Three of Sigma’s waste piles had been shut down last December, but during a Thursday visit to a town near Sigma’s work site in Minas Gerais state, inspectors found that trucks were still depositing waste onto one of them.Sigma did not immediately reply to a request for comment.

May 11, 2026 - 4:34 PM