Vale Base Metals executives emphasized a focus on developing existing assets instead of chasing acquisitions at an investor event while downplaying the likelihood of a near-term initial public offering of the Vale SA unit.
A key proxy adviser firm recommended Eldorado Gold Corp. investors vote against its C$3.8 billion ($2.7 billion) bid for Foran Mining Corp., the latest roadblock after Eldorado’s third-largest shareholder called the takeover too expensive.
Barrick Mining Corp. said it’s slowing work on its Reko Diq copper-and-gold project in Pakistan due to escalating security issues in the country and Middle East.
Newmont Corp. sent Barrick Mining Corp. a so-called notice of default after finding evidence of alleged mismanagement at a Nevada joint venture, escalating tensions between the partners in a key US mining region.
Vale SA agreed to sell most of its stake in a Canadian nickel venture to Exiro Minerals Corp., Orion Resource Partners LP and Canada Growth Fund Inc. as part of an optimization of its metals business.
Teck Resources Ltd. — the Canadian miner being acquired by Anglo American Plc — reported a jump in earnings aided by higher copper prices, while reaffirming output guidance including at the Quebrada Blanca mine.
One kilogram copper bars. Photographer: Dhiraj Singh/Bloomberg
Gold fell below $4,900 an ounce as the dollar advanced amid thin holiday trading, with much of Asia closed for the Lunar New Year. Silver also retreated.
One-kilogram gold bars arranged at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Feb. 5, 2026. The reversal came as the stock market was whipsawed by volatility, Bitcoin tumbled and what had been a steep run-up in gold and silver prices abruptly reversed, all of which drove investors into the safety of US Treasuries.
Agnico Eagle Mines Ltd. Chief Executive Officer Ammar Al-Joundi said the gold producer is “very well-positioned” to pursue acquisitions should opportunities emerge, signaling a renewed openness to deal-making after years focused on growing output from existing mines.
Mexican authorities said they arrested four suspects linked to the kidnapping of miners from Canada’s Vizsla Silver Corp. Panuco project east of the Pacific Coast city of Mazatlan in January.
Newmont Corp. wants Barrick Mining Corp. to address what it says is underperformance at their joint venture mining operations in Nevada before its partner proceeds with an initial public offering of its North American assets.
Barrick Mining Corp. plans to spin off its top North American gold assets in an initial public offering later this year as part of a strategic reset by the Canadian metals producer.
Operations at Nevada Gold Mines. Source: Barrick Mining Corporation
Eldorado Gold Corp. agreed to buy copper-focused Foran Mining Corp. for C$3.8 billion ($2.8 billion), the latest industry tie-up as miners seek to ramp up metals production after a massive price rally over the past year.
The site of a gold mine project in the mountains of Skouries, northern Greece owned by Eldorado Gold on Feb. 15, 2015. Greece's new leftist government will scrap a controversial gold mine project that has sparked protests in northern Greece, the environment minister said on February 10. Violent resistance has broken out since permission to break ground on the project was granted in 2011 to Hellenic Gold, a Greek subsidiary of Canadian mining firm Eldorado Gold.
Southern Copper Corp. expects copper output to decline over the next two years as ore grades fall at key mines in Peru, even as a surge in silver prices sharpens the miner’s focus on boosting production of the precious metal it typically produces as a byproduct.
Molten copper pours into ceramic molds to form plates at a Southern Copper Corp. smelter facility in Ilo, Peru. Photographer: Dado Galdieri/Bloomberg
Barrick Mining Corp. appointed Helen Cai as chief financial officer, replacing Graham Shuttleworth whose departure adds to a string of senior exits at the Canadian miner amid speculation it could be acquired or broken up.
A mining truck carrying gold and silver bearing ore at Barrick Gold Corp.'s mine in Argentina.
Panama expects to decide in the coming months whether to restart a vast mine that has become one of the biggest uncertainties in the global copper market.
The Cobre Panamá mine. Photographer: Walter Hurtado/Bloomberg
Gold edged higher as traders assessed the US Federal Reserve’s interest rate outlook after jobs data delivered mixed signals on the health of the world’s largest economy.
BHP Group Ltd.’s top boss said he’s moving on after the company’s aborted attempt to buy Anglo American Plc, preferring instead to focus on its copper projects and opportunities in Canada.
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