Mining

Gold mining M&A accelerates as Agnico outperforms Newmont, Trump’s 28-day permits

(Kitco News) - A surge in mergers and acquisitions has rocked the mining sector this week, as Agnico Eagle Mines continues to outperform Newmont, Barrick divests a major gold project, and U.S. President Donald Trump proposes dramatic permitting reforms.

Apr 28, 2025 - 2:18 PM

What are Ukraine’s critical minerals and what do we know about the deal with US?

May 01, 2025 - 2:49 PM

Vedanta’s quarterly profit doubles on lower tax rate, higher commodity prices

Apr 30, 2025 - 4:49 PM

Ghana secures deal with nine more gold miners to buy 20% of their output

Ghana has reached a deal with nine more mining companies to purchase 20% of their gold production, a government body said on Wednesday, aiming to consolidate a gold purchase program meant to boost the country’s gold reserves and stabilize its currency.Africa’s top gold producer signed an agreement with members of an industry group that included Gold Fields, Newmont, AngloGold Ashanti and Asanko Mining in 2022 to purchase 20% of their annual output for the central Bank of Ghana. Purchases are settled in the Ghanaian cedi currency.

Apr 30, 2025 - 4:47 PM

Record gold prices help keep China’s copper smelters going despite losses

Surging prices for gold and other byproducts are keeping China’s copper smelters afloat and could fend off significant production cuts this year despite a key gauge of industry profitability forecast to slump even further into the red.China’s copper smelting industry is in a deep funk as an ever-growing number of furnaces jostle for limited concentrate supplies. Smelting capacity is up a quarter since 2021 and is set to rise around 10% this year, even as mine closures overseas keep supplies of the crucial raw material tight.

Apr 30, 2025 - 1:32 PM

Glencore posts 30% drop in first-quarter copper production

Glencore on Wednesday reported lower copper production in the first quarter, and said it expects 2025 profit at its trading division to be in the middle of its long-term annual guidance.The miner and trader reported a 30% drop in first-quarter copper production to 167,900 metric tons, but maintained its full-year forecast for 2025 at 850,000-910,000 tons, expecting higher output in coming months.Last year it produced around 952,000 tons of the metal used in electric vehicle wiring and batteries, green energy plants and data centres.

Apr 30, 2025 - 1:31 PM

Anglo American shareholders approve demerger of South African platinum unit

Global miner Anglo American said on Wednesday that shareholders have approved the demerger of its South African unit, Anglo American Platinum (Amplats), along with the company’s share consolidation.The resolution was passed at the company’s general meeting, with 99.94% of votes cast in favor.The demerger is expected to become effective on May 31, subject to the satisfaction or waiver of certain conditions.

Apr 30, 2025 - 1:30 PM

Fortescue bucks weather woes to post higher Q3 iron ore shipments

Australian miner Fortescue posted higher third-quarter iron ore shipments on Thursday in line with analyst expectations, as output recovered from a train derailment in the same quarter a year earlier.The iron ore producer, chaired by its billionaire founder Andrew Forrest, posted quarterly iron ore shipments of 46.1 million metric tons (mt), compared with 43.3 million mt reported a year earlier. That was largely in line with a Visible Alpha consensus estimate of 46.8 million mt.

Apr 29, 2025 - 1:41 PM

Belgium open to bigger role in Congo minerals sector, foreign minister says

Belgium is open to deeper involvement in Democratic Republic of Congo’s minerals sector, its foreign minister said on a visit to the former Belgian colony, which is seeking to diversify its investment partners.The vast Central African nation is home to large reserves of copper, cobalt, lithium and uranium among other minerals, but chronic instability has long been an obstacle to the foreign investment needed to fully develop them.

Apr 29, 2025 - 1:40 PM

Burkina Faso to nationalize more industrial mines

Burkina Faso plans to take control of more foreign-owned industrial mines, its prime minister said, as the West African nation seeks a bigger share of revenue from its resources.Like neighbours Mali and Niger, Burkina Faso is pushing for greater control over its resources and revised its mining code last year, creating a new state mining company, Société de Participation Minière du Burkina (SOPAMIB).It used SOPAMIB to gain control of two industrial gold mines previously owned by a London-listed Endeavour Mining in a deal finalized late last year.

Apr 29, 2025 - 1:39 PM

Ukraine’s mining heartlands tell Trump: Don’t take advantage of us

As Kyiv and Washington work on a deal that will give the U.S. a share of Ukraine’s mineral wealth, Ukrainians who live with seams of iron beneath their feet have a message for Donald Trump: don’t take advantage of us, these resources are ours.The U.S. president has put pressure on Kyiv by threatening to stop the flow of military supplies to help it fight Russia’s invasion unless the U.S. gets some payback for the billions of dollars the aid is costing.US-Ukraine minerals deal could be signed within days

Apr 29, 2025 - 1:37 PM

Lynas Rare Earths’ Q3 revenue misses estimates as pricing, volatility weighs

Australia’s Lynas Rare Earths on Monday missed market estimates for its third-quarter gross sales revenue, hit by lower rare earths market pricing and global trade volatility.Lynas, the world’s largest producer of rare earths outside China, posted third-quarter gross sales revenue of A$123 million ($78.62 million), missing Visible Alpha consensus of A$155.7 million.The figure, however, was about a 22% rise from A$101.2 million logged a year earlier.

Apr 28, 2025 - 11:19 AM

Trump says Ukraine has not signed minerals deal

US President Donald Trump on Friday said Ukraine has not yet signed a deal on rare earth minerals and he hopes it will be signed immediately.“Ukraine, headed by Volodymyr Zelenskyy, has not signed the final papers on the very important rare earths deal with the United States. It is at least three weeks late. Hopefully, it will be signed IMMEDIATELY. Work on the overall peace deal between Russia and Ukraine is going smoothly,” he said in a Truth Social post.(By Katharine Jackson; Editing by Doina Chiacu)

Apr 28, 2025 - 10:47 AM

Grupo Mexico posts 17% profit jump on higher metals prices

Mining and transport conglomerate Grupo Mexico reported a 17% jump in first-quarter net profit on Friday, primarily driven by higher metal prices.Net profit rose to $1.09 billion, well above the $816 million estimate from analysts polled by LSEG, as copper and silver prices surged and the miner trimmed production costs.Copper production and sales were nearly flat from the year-ago quarter, with output from US unit Asarco slipping.Prices for the red metal, however, rose 18% from a year ago while silver leaped some 38%.

Apr 25, 2025 - 12:17 PM

Codelco’s pre-tax profit falls 53% in first quarter

Chile’s Codelco, the world’s largest copper producer, on Friday posted a 53% decrease in pre-tax profit, reaching $213 million for the first three months of the year.The state-owned miner said its own output totaled 296,000 metric tons, up 0.3% from the same period last year.This increase was achieved despite various challenges in the first quarter, including the regional rainy season and a nationwide blackout in February, which reduced refined copper production by 10,000 tons, the company said in a statement.

Apr 25, 2025 - 12:16 PM

Newmont posts strong Q1 earnings as gold prices surge; reports record cash flow

(Kitco News) - The world’s largest gold producer had a solid start to the first quarter, with significantly higher gold prices driving earnings.

Apr 24, 2025 - 8:17 PM

Agnico Eagle smashes Q1 expectations with record earnings and soaring gold prices

(Kitco News) - Another quarterly earnings report means another record broken for Canada’s largest gold producer.

Apr 24, 2025 - 7:20 PM

Mining

Gold mining M&A accelerates as Agnico outperforms Newmont, Trump’s 28-day permits

US says minerals deal will strengthen Trump in talks with Russia

Sumitomo, Builders Vision back US rare earths startup Phoenix Tailings

Albemarle maintains 2025 outlook due to lithium tariff exemptions

What are Ukraine’s critical minerals and what do we know about the deal with US?

Vedanta’s quarterly profit doubles on lower tax rate, higher commodity prices

Ghana secures deal with nine more gold miners to buy 20% of their output

Record gold prices help keep China’s copper smelters going despite losses

Glencore posts 30% drop in first-quarter copper production

Anglo American shareholders approve demerger of South African platinum unit

Fortescue bucks weather woes to post higher Q3 iron ore shipments

Belgium open to bigger role in Congo minerals sector, foreign minister says

Burkina Faso to nationalize more industrial mines

Ukraine’s mining heartlands tell Trump: Don’t take advantage of us

Lynas Rare Earths’ Q3 revenue misses estimates as pricing, volatility weighs

Trump says Ukraine has not signed minerals deal

Grupo Mexico posts 17% profit jump on higher metals prices

Codelco’s pre-tax profit falls 53% in first quarter

Newmont posts strong Q1 earnings as gold prices surge; reports record cash flow

Agnico Eagle smashes Q1 expectations with record earnings and soaring gold prices