Capstone Copper Corp. (TSX: CS) and Orion Mine Finance have entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc. and Scotia Capital Inc. under which the underwriters have agreed to purchase, on a bought deal basis from Orion, 50,000,000 common shares of Capstone at a price of $5.70 for gross proceeds to Orion of...
Gold miners have shed the exuberant skin they formed as failing banks sent investors rushing for safe havens early this week. That has been replaced by a nervous atmosphere, with nailbiting all round as gold producers wait to see where the US Fed heads with interest rates tonight. Prices fell over 2% overnight, with the London Bullion Marketing Association reporting...
IperionX Ltd., Charlotte, North Carolina, USA, has announced the signing of a non-binding Memorandum of Understanding (MOU) with SLM Solutions Group AG, Lübeck, Germany, for the potential supply of spherical titanium metal powders from IperionX’s planned Titanium Demonstration Facility (TDF) to SLM. SLM serves customers with an installed base of over 850 Laser Beam Powder Bed Fusion (PBF-LB) Additive Manufacturing...
The global palladium market is at a turning point: it’s becoming cheaper, but there are also conditions that point to a possible increase in its price. The structure of palladium consumption is changing, preparing the market for a significant transformation. Unnecessary negativity The price of palladium is dropping, which is making investors nervous. In January this year, the price of...
Palladium One Mining (TSXV: PDM) is expanding its portfolio of critical mineral assets in Canada with the acquisition of MetalCorp (TSXV: MTC), an Ontario-focused junior miner with two exploration-stage projects and royalty interests in several others. On Monday, the two companies entered a definitive agreement for a business combination, under which Palladium One would acquire all issued and outstanding shares...
Antilles gold (AAU) has reported more high-grade copper results from its 1800-metre drilling at its El Pilar gold-copper oxide deposit in central Cuba. The results include a 134.5-metre zone grading 1.13 per cent copper from just under 50 metres, with a smaller 18.5-metre zone grading up to 4.85 per cent copper In another drill hole, the company struck up to...
Antofagasta PLC on Tuesday bemoaned poor copper production and prices and the impact of inflation on costs, as it reported a drop in both profit and revenue in 2022. For 2022, the London-based, Chile-focused mining group reported pretax profit of USD2.56 billion, down 26% from USD3.48 billion a year prior. Revenue also fell, down 22% to USD5.86 billion from USD7.47...
Anglo American Platinum (AMSJ.J) (Amplats) expects its 2022 annual profit to be down as much as 52%, hit by a decline in sales of platinum group metals (PGM) after a delayed smelter rebuild, it said on Monday. The company, which is due to report annual results on Feb. 20, said that headline earnings per share (HEPS) – the main profit...
Palladium, a metal mostly used in autocatalysts, fell to a two-year low of USD 1,432.78 per ounce this week and is trading slightly above this level on Wednesday, as concerns over its shortage retreated after top producer Nornickel announced its market forecast for this year. Why it matters Late last week, the world’s biggest palladium producer Nornickel reported a palladium...
Newmont Corp, the world’s largest gold miner by market cap and production, has offered $16.9 billion to acquire Newcrest Mining Ltd, but this may not be enough amid the management reshuffle in the latter, Reuters reported on Monday, citing analysts. The current all-share no-cash bid represents a 21% premium to Newcrest’s stock price before the offer was announced, but analysts...
