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Brazil Secures $23 Billion Settlement with Vale and BHP Over Dam Disaster

Brazil’s federal government has announced a historic $23 billion settlement with mining companies Vale (NYSE: VALE) and BHP (NYSE: BHP), marking a significant development in the ongoing legal and environmental battle over the 2015 Mariana dam disaster. The settlement seeks to compensate for the wide-ranging devastation caused by the collapse of the Fundão dam, which […]

Aura Minerals To Acquire Bluestone Resources For Consideration Of $0.50 Per Share

M&A activity in the mining sector continues to grow, with Aura Minerals (TSX: ORA) this morning announcing an agreement to acquire Bluestone Resources (TSXV: BSR) in a cash and stock transaction. The arrangement will see Bluestone shareholders receive total compensation valued at $0.50 per share, which represents a 51% premium to Friday’s close. The figure […]

Heliostar Discovers New Zone With 16.7 g/t Gold Over 16 Metres Intercept

Heliostar Metals (TSXV: HSTR) is reporting a new high-grade discovery at its Ana Paula project in Guerrero, Mexico. The discovery was made amid a drill program focused on step out drilling at the project. Highlights from the results include: The discovery was made between previously known zones that were targeted for testing, the Parallel Panel […]

Rua Gold Sees Siren Gold Shareholders Approve Acquisition Of Reefton Assets

After multiple delays to the shareholder meeting, Rua Gold (TSXV: RUA) has finally seen Siren Gold (ASX: SNG) shareholders approve the acquisition of Siren’s Reefton assets in New Zealand by Rua.

Canadian Copper Secures Right To Acquire Caribou Complex With 3,000 tpd Mill

Canadian Copper (CSE: CCI) has taken a major step in the development of its Murray Brook copper-zinc-lead-silver deposit in New Brunswick. The company has entered into a term sheet for the exclusive right to acquire the nearby Caribou processing plant complex. The complex, which operated as recently as August 2022, consists of a 3,000 tonne […]

Kazakhstan Clarifies Position on BRICS Partnership Status

Kazakhstan’s Ambassador to Russia, Dauren Abayev, has addressed speculation about his country’s relationship with BRICS, emphasizing that Kazakhstan has received partner country status while refraining from pursuing full membership in the organization. In a recent interview with TASS, Abayev dismissed what he called “groundless insinuations” in media coverage regarding Kazakhstan’s decision not to apply for […]

New York Stock Exchange To Move To 22-Hour Trading On Arca Platform

The New York Stock Exchange unveiled plans on Friday to extend trading hours on its all-electronic Arca exchange to 22 hours a day. The move, subject to regulatory approval, aims to capitalize on growing global demand for U.S.-listed securities and accommodate investors across various time zones. Under the proposed plan, NYSE Arca would operate from […]

Five Major U.S. Banks Face Billions in Losses as Surging Silver Prices Pressure Short Sellers

Silver prices have spiked significantly in October, climbing nearly 8% this month to exceed $33.60 per ounce, leaving some of the largest U.S. banks with potentially substantial losses tied to their short positions on the precious metal. This sudden increase has triggered concerns within the financial sector about potential repercussions for both the banking system and industries reliant on stable silver prices.

Americans Will Lead the Canadian Massive Bull Market | Collective Mining with Ari Sussman

In this interview at the Commodities Global Expo 2024, Ari Sussman, Executive Chairman of Collective Mining Ltd. (NYSE: CNL, TSX: CNL), provides insights into both market dynamics and his company’s operations. Sussman begins by addressing the disconnect between gold prices and Canadian junior mining stocks. He attributes this lag to structural issues in Canadian banking, […]

Newmont’s Q3 Earnings Breakdown: All That Glitters Is Not Gold

All that glitters is not gold. Newmont Corporation (TSX: NGT) on Wednesday reported its third quarter financial results after the close of the bell and well.. Lets just say that gold bugs had hoped for a more positive signal for the sector from the world’s largest gold producer. Lets dive in. The high level results […]