Shut Nova Scotia Mine May Hold $118M in Gold
St Barbara secured Nova Scotia approval to process roughly three million tonnes of ore from the idle Touquoy gold mine, targeting a revenue of CAD $118 million (US$86 million) at current $4,000‑per‑ounce gold prices. The 10‑14‑month operation will cost about CAD $11.4 million (US$8.3 million) and aims to extract 38,000 oz, with sustaining costs of US$1,598 per ounce. The project will generate 197 jobs and feeds into the company’s broader 15‑mile hub plan that envisions 100,000 oz annually by 2030. St Barbara’s shares jumped 20% to A71c, lifting its market value to roughly US$562 million.
Iran War, Indonesia Curbs to Support Nickel Price: Report
BMI raised its 2026 refined nickel price forecast to $16,600 per tonne, up from $15,800, citing a structurally firmer market despite a persistent global surplus. Indonesia’s decision to cap nickel ore mining quotas at 260‑270 million wet metric tonnes, down from...
Antofagasta Backs 2026 Goals Despite Copper Output Dip
Chilean miner Antofagasta reported an 8% drop in first‑quarter copper output to 143,000 tonnes, but net cash costs fell 30% to $1.08 per pound. The company kept its full‑year production guidance of 650,000‑700,000 tonnes and its $3.4 billion capital‑spending plan, citing...
Angola Flooding Closes African Copper Export Route
Heavy rains in Angola have forced the Lobito Atlantic Railway to suspend service on the Lobito Corridor, a $2.1 billion rail‑and‑port project that moves copper and cobalt from the DRC and Zambia to Atlantic markets. The shutdown damages bridges and track...
Kodal Ships Record Lithium From Bougouni in Mali
Kodal Minerals reported record lithium production and shipments from its Bougouni mine in Mali during Q1 2026. The operation produced 26,981 tonnes of spodumene concentrate grading 5.28% Li₂O, with March output topping 10,900 tonnes, a new high. Total exports reached about 49,000 tonnes, generating...
Paladin’s Namibia Restart Sharpens Africa’s Uranium Relevance During Wave of Reactor Builds
Paladin Energy has restarted its Langer Heinrich uranium mine in Namibia, targeting full production of about 4 million pounds of uranium per year by the end of June 2026. The restart lifts Namibia to roughly 12% of global uranium output, reinforcing...
New Woe Besets BC’s Two Biggest Gold Projects
Seabridge Gold’s KSM project, a $6.4 billion (≈$6.5 bn USD) capex venture and the world’s largest undeveloped gold resource, has hit a new roadblock as British Columbia will not issue the remaining tunnel permits until its court dispute with neighbour Tudor Gold is...
Uranium Energy Starts Burke Hollow Output in Texas
Uranium Energy Corp. (UEC) has activated its Burke Hollow in‑situ recovery (ISR) operation in Texas, marking the first U.S. ISR uranium production in over a decade. The project, approved by the Texas Commission on Environmental Quality, is expected to ramp...
First Quantum Taps IFC for Argentina Copper Push
First Quantum Minerals has secured a partnership with the World Bank’s International Finance Corporation to bring its Taca Taca copper project in Argentina up to IFC’s environmental and social standards. The deal paves the way for $4.2 billion of initial capital spending,...
Panama Moves to Unlock Copper From Idled Mine
Panama’s Commerce and Industries Ministry will issue a resolution permitting First Quantum Minerals to remove and process the 38 million‑tonne stockpile at the idled Cobre Panama mine, which contains roughly 70,000 tonnes of copper. Processing could start within three months and run...
White House Taps Highland Copper in Local Supply Push
The White House has highlighted Canadian miner Highland Copper as a key contributor to expanding U.S. domestic copper supply, placing its Copperwood project alongside major players like Rio Tinto. The announcement follows President Trump’s recent tariff adjustments that lower duties...
Editorial: Where Discoveries Begin
The Prospectors & Developers Association of Canada (PDAC) convention drew a record 32,000 attendees and over 1,300 exhibitors, underscoring its status as the mining industry’s premier networking forum. AngloGold Ashanti’s chief geologist Paul Bartos captured the PDAC Thayer Lindsley Discovery...
South America’s Rightward Shift Lifts Mining
Colombia’s May 31 presidential election will test whether a right‑leaning, market‑friendly government can revive a mining sector that contributed about 2.4% of GDP but saw output fall amid higher taxes and security concerns. The vote comes as Argentina, Chile and Bolivia...
First Majestic Eyes Late 2027 Restart for Jerritt Canyon
First Majestic Silver announced plans to restart the Jerritt Canyon gold mine in Nevada by late 2027, targeting a $75 million (≈ $76 million USD) 2026 investment for technical work, underground development and plant upgrades. A new prefeasibility study is slated for Q4...
Cerrado Battles Portugal over Stalled Copper-Zinc Project
Cerrado Gold reported higher earnings but is now embroiled in a legal fight over its Lagoa Salgada copper‑zinc project in Portugal. The company filed an injunction against a January environmental ruling that cited water‑resource risks, claiming procedural flaws. Shares hovered...
