Mining

Agnico Eagle smashes Q1 expectations with record earnings and soaring gold prices teaser image

Agnico Eagle smashes Q1 expectations with record earnings and soaring gold prices

(Kitco News) - Another quarterly earnings report means another record broken for Canada’s largest gold producer.

Apr 24, 2025 - 7:20 PM

Newmont posts strong Q1 earnings as gold prices surge; reports record cash flow teaser image

Newmont posts strong Q1 earnings as gold prices surge; reports record cash flow

Apr 24, 2025 - 8:17 PM

Grupo Mexico posts 17% profit jump on higher metals prices teaser image

Grupo Mexico posts 17% profit jump on higher metals prices

Apr 25, 2025 - 12:17 PM

Codelco’s pre-tax profit falls 53% in first quarter teaser image

Codelco’s pre-tax profit falls 53% in first quarter

Apr 25, 2025 - 12:16 PM

Brazil’s Usiminas posts positive results but warns of uncertainty ahead teaser image

Brazil’s Usiminas posts positive results but warns of uncertainty ahead

Apr 24, 2025 - 2:12 PM

Nickel market forecast to be in 198,000 ton surplus in 2025, says INSG teaser image

Nickel market forecast to be in 198,000 ton surplus in 2025, says INSG

Apr 24, 2025 - 2:10 PM

Teck Q1 results beat estimates on higher commodity prices, copper sales

Canadian miner Teck Resources on Thursday reported first-quarter results that beat expectations due to higher commodity prices and copper sales volumes.The company reported adjusted earnings per share from continuing operations of C$0.60, above expectations of C$0.32, according to data compiled by LSEG.“Our profitability improved significantly … primarily as a result of higher base metal prices, increased copper and zinc in concentrate sales volumes, and the positive impact of a weaker Canadian dollar on our business,” Teck said in a statement.

Apr 24, 2025 - 1:45 PM

Freeport-McMoRan profit slightly beats, flags higher costs amid tariffs

April 24 (Reuters) - Copper miner Freeport-McMoRan reported a first-quarter profit on Thursday that slightly beat Wall Street's expectations but said tariffs proposed by U.S. President Donald Trump could increase the cost of materials needed for its U.S. mines by about 5%.Shares of the Arizona-based company, which operates across the Americas, Indonesia and Europe, were 5.2% higher in midday trading.

Apr 24, 2025 - 12:23 PM

Boliden gains from higher metal prices, says it can handle tougher times

Swedish miner Boliden reported first-quarter earnings above market estimates on Wednesday, helped by higher metal prices and stronger US dollar, but warned that trend had reversed since the start of April.The company, which operates seven mines and five smelters in the Nordic region, Ireland and Portugal, said its operating profit nearly doubled to 3.06 billion Swedish crowns ($319.3 million) in the quarter. That beat analysts’ average forecast of 2.59 billion crowns in an LSEG poll.

Apr 23, 2025 - 4:56 PM

Ghana and Gold Fields reach transitional deal on Damang mine teaser image

Ghana and Gold Fields reach transitional deal on Damang mine

Ghana and Gold Fields have reached an agreement on a transitional plan for Damang mine, the West African country’s presidency said on Wednesday.Last week, Ghana assumed operational control of the mine after it rejected an application from the South African company to renew its lease, breaking a tradition of automatically renewing licenses.The presidency said in a statement that a new 12-month mining lease will be issued to a Gold Fields’ subsidiary pending parliamentary ratification in May.

Apr 23, 2025 - 4:44 PM

Benchmark Minerals and ICE team up for battery material futures teaser image

Benchmark Minerals and ICE team up for battery material futures

Prices of battery materials lithium and cobalt assessed by consultancy Benchmark Minerals Intelligence (BMI) will be used for contracts launched by Intercontinental Exchange (ICE) in June, BMI told Reuters.For BMI, a price reporting agency (PRA), this is an important step in having its prices used to settle derivative contracts traded on exchanges, an area dominated by information firms Fastmarkets and S&P Global Commodity Insights.

Apr 23, 2025 - 2:18 PM

Chile moves forward with lithium projects in three salt flats teaser image

Chile moves forward with lithium projects in three salt flats

Chile’s government said it is moving forward with a simplified process to award lithium contracts in three salt flats, the mining ministry said on Tuesday.The agency stated that it has accepted applications from Eramet in the Agua Amarga salt flat; from Eramet, Quiborax, and state-copper giant Codelco, for the Ascotan salt flat; and from the Caliche Kairos consortium for the Coipasa salt flat.

Apr 22, 2025 - 3:17 PM

US Antimony restarts Mexico smelter plant after over a year teaser image

US Antimony restarts Mexico smelter plant after over a year

United States Antimony Corp said on Monday it has restarted operations at its Madero smelter plant in Mexico, over a year after the critical mineral miner stopped activities in Latin America.In December last year, China banned exports to the US of the critical minerals gallium, germanium and antimony, amid an escalating trade and tech war between the world’s two biggest economies.China produced almost half of the global supply of antimony in 2023 and prices of the mineral have soared in the wake of its heavy export restrictions, disrupting global supply chains.

Apr 22, 2025 - 3:15 PM

Barrick sells its 50% stake in Alaska’s Donlin project for $1 billion teaser image

Barrick sells its 50% stake in Alaska’s Donlin project for $1 billion

(Kitco News) - Activity in the mining sector continues to heat up as the world’s second-largest gold producer improves its balance sheet by selling off a non-core asset.

Apr 22, 2025 - 3:03 PM

China asks Korea not to export products using rare earths to US defense firms – reports teaser image

China asks Korea not to export products using rare earths to US defense firms – reports

Beijing recently asked South Korean companies not to export products containing China’s rare earth minerals to U.S. defense firms, the Korea Economic Daily reported on Tuesday, citing government and company sources.The report said China’s commerce ministry delivered the message in letters to Korean companies which make power transformers, batteries, displays, electric vehicles, aerospace and medical equipment, all of which use the key materials.The letters said Korean companies could face sanctions if they violate the export restrictions, the report said.

Apr 22, 2025 - 11:16 AM

Gold price at $3,500: Geopolitical tensions and mining shifts reshape sector - Ecclestone teaser image

Gold price at $3,500: Geopolitical tensions and mining shifts reshape sector - Ecclestone

(Kitco News) - Gold’s surge to a new record high above $3,500 an ounce is triggering major realignments in global mining, with geopolitical tension, strategic pivots, and regulatory crackdowns driving a new phase of risk and opportunity, according to Christopher Ecclestone, Principal and Mining Strategist at Hallgarten & Company.

Apr 22, 2025 - 10:51 AM

Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion teaser image

Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion

April 22 (Reuters) - Canada's Barrick Gold (ABX.TO), opens new tab said on Tuesday it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources (NG.TO), for up to $1.1 billion.

Apr 22, 2025 - 9:50 AM

Chinese rare earth processor Shenghe sees little impact from halt to US feedstock imports teaser image

Chinese rare earth processor Shenghe sees little impact from halt to US feedstock imports

China’s Shenghe Resources said on Sunday the suspension of shipments of rare earth raw concentrate from its US partner will not significantly impact production due to the company’s diversified supply chain.MP Materials, which owns the only US rare earths mine, said on Thursday it had stopped shipping the critical minerals to China because of the 125% tariffs Beijing has slapped on US imports in retaliation for US tariffs on Chinese goods imposed by President Donald Trump.

Apr 21, 2025 - 2:01 PM

China’s export controls are curbing critical mineral shipments to the world teaser image

China’s export controls are curbing critical mineral shipments to the world

China’s export controls on three metals important across the defence and chip sectors are keeping shipments at historically low levels despite high prices worldwide as Beijing flexes its control over the minerals supply chain.China is the world’s largest producer of antimony, germanium and gallium, which have niche but vital roles in clean energy, chipmaking and defence. Since 2023, Beijing has gradually added the metals to its export controls list. In December it banned exports to the US.

Apr 21, 2025 - 2:00 PM

US investor Cameron offers $5 billion for Kazakh mining giant ERG teaser image

US investor Cameron offers $5 billion for Kazakh mining giant ERG

US businessman James Cameron has offered to buy mining giant Eurasian Resources Group for $5 billion, a letter he sent to its board showed, as the company prepares to participate in a major expansion of Kazakhstan’s rare earths output.ERG, a Luxembourg-based producer of copper, cobalt, aluminum and iron ore that is 40%-owned by the Kazakh government, said last year it had formed a task force to explore deposits of rare earth and rare metals in Kazakhstan.

Apr 21, 2025 - 1:57 PM