Kinross Is Flush but Not Feeling Forced Into M&A
Kinross Gold’s CEO J. Paul Rollinson says the miner is not pressured to chase M&A despite a sector‑wide surge that pushed precious‑metals deal value to about $15.8 billion (≈$16.1 bn) by mid‑May. The company closed Q1 with $3.9 bn in liquidity, including $2.2 bn of cash, and has completed only three deals in ten years, the most recent being the $1.4 bn Great Bear acquisition in 2022. Great Bear is positioned to produce roughly 500,000 oz of gold annually at an all‑in sustaining cost near $865 per ounce, with first output expected in the second half of 2029. Kinross is instead betting on a slate of organic projects in the U.S. that could deliver 400,000 gold‑equivalent ounces per year, a $4.1 bn post‑tax NPV and a 55% IRR, while returning about $1.2 bn to shareholders through buybacks and dividends.
Cameco Pays $115M to Boost Cigar Lake Interest
Cameco and French partner Orano have bought Japan’s TEPCO Resources 5% stake in the Cigar Lake uranium mine for C$115.7 million (about $83.6 million). The purchase lifts Cameco’s ownership to 57.418% and Orano’s to 42.582%, consolidating control of the world’s highest‑grade uranium...
Glencore, Gentile Back Historical Irish Region Project Sporting 3.3% Zinc, 10% Lead
Group Eleven Resources, backed by Glencore and investor Michael Gentile, announced new drilling results from its Ballywire discovery at the PG West project in Ireland. Hole 26‑3552‑57 intersected 62.5 m of 2.9% zinc and 2.7% lead, including an 11.8 m core of...
Copper Prices Must Rise as Supply Crunch Looms: Giustra
Copper prices have surged to a record $6.65 per pound, up roughly 40% in the past year, as analysts warn of an imminent supply crunch. Frank Giustra, a veteran mining financier, says the market must see higher prices to spur...
Deep Sea Minerals to List on Nasdaq
Deep Sea Minerals (CSE: SEAS, US‑OTC: DSEAF) has filed an application to list on Nasdaq, aiming to broaden its investor base and increase share liquidity. The Vancouver‑based firm saw its stock jump to C$1.79 (≈$1.33 USD) on the Toronto exchange, pushing...
Alamos Greenlights Copperstone Gold Mine in Arizona
Minera Alamos announced it will spend roughly $58 million (C$80 million) to rebuild the Copperstone underground gold mine in Arizona, targeting first production in mid‑2027. The pre‑feasibility study projects 46,000 ounces of gold per year for six years, delivering an after‑tax NPV...
US Deploys AI Agents to Speed Critical Minerals Recovery
The U.S. Department of Energy’s Pacific Northwest National Laboratory introduced CICERO, an AI‑driven, semi‑autonomous platform that designs and runs experiments to recover critical minerals from industrial waste in days instead of months. By linking a liquid‑handling robot, a sample‑handling device,...
CEO Chat: Montage Gold Expands West Africa Footprint as Koné First Pour Nears
Montage Gold is gearing up for its first gold pour at the Koné mine in Côte d’Ivoire, targeting Q4 2026. The feasibility study assigns the project a $1.1 billion net present value, a 31% internal rate of return and a 2.6‑year...
BHP Urged to Assess Rare Earths at Olympic Dam
BHP has signed a revised 78‑page indenture with South Australia that obliges the miner to assess the commercial viability of extracting rare‑earth elements such as neodymium and praseodymium from its Olympic Dam complex within two years. The agreement also clears the...
Congo Rebels Want to Sell Critical Minerals to US: Report
Rwanda‑backed M23 rebel group in eastern DRC is courting the United States to become a direct supplier of critical minerals such as tantalum, tin and tungsten. The militia hopes the Trump administration’s drive to diversify away from Chinese sources will...
Americas Gold Swap Ends 600K Oz Silver Stream Burden
Americas Gold and Silver has agreed to cancel its remaining 592,000‑ounce silver delivery obligation to Sprott Mining by issuing 7.96 million common shares at $5.57 per share. The transaction eliminates roughly $45 million of future variable‑debt tied to the Galena complex in...
Freeport Eyes Full Grasberg Output by End of 2027
Freeport‑McMoRan’s Indonesian unit reaffirmed its goal to bring the Grasberg mine back to full production by the end of 2027, after a mudslide halted underground operations last September. The mine is currently running at about 50% of capacity and is...
Troilus Gold Assays Highlight M&A Potential, Analysts Say
Troilus Mining reported high‑grade drill intercepts at its West Rim zone in Quebec, including up to 7.76 g/t gold over 5 m. The results expand the known mineralization beyond the current resource, raising the prospect of a higher‑grade satellite deposit adjacent to...
European Union Targets Tungsten, Rare Earths Stockpile to Counter China’s Grip
The European Union has shortlisted tungsten, rare earths and gallium for its inaugural coordinated stockpile of critical minerals, aiming to reduce reliance on China for materials vital to defence, semiconductors and the energy transition. Discussions are under way with the...
Jeff Currie Sees Gold Price Pullback Before $10,000 Run
Veteran commodities strategist Jeff Currie, now with Abaxx Markets and Carlyle, says gold will likely correct to around $4,000 per ounce before rallying toward $10,000. He has been short gold since March, citing geopolitical fallout from the Iran war and...