Mining

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

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

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

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 teaser image

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

Apr 30, 2025 - 4:47 PM

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

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

Apr 30, 2025 - 1:32 PM

Glencore posts 30% drop in first-quarter copper production teaser image

Glencore posts 30% drop in first-quarter copper production

Apr 30, 2025 - 1:31 PM

Anglo American shareholders approve demerger of South African platinum unit teaser image

Anglo American shareholders approve demerger of South African platinum unit

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 teaser image

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 teaser image

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 teaser image

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 teaser image

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 teaser image

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 teaser image

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 teaser image

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

Brazil’s Usiminas posts positive results but warns of uncertainty ahead teaser image

Brazil’s Usiminas posts positive results but warns of uncertainty ahead

Brazilian steelmaker Usiminas on Thursday delivered first quarter results above market expectations but flagged that the second half of the year faced challenges amid high interest rates and trade uncertainties.Companies around the world have been bracing for the potential impact of US President Donald Trump’s sweeping tariffs, which have sparked a trade war and led business to warn of growing uncertainty and concerns about the global economy.

Apr 24, 2025 - 2:12 PM

Nickel market forecast to be in 198,000 ton surplus in 2025, says INSG teaser image

Nickel market forecast to be in 198,000 ton surplus in 2025, says INSG

The International Nickel Study Group (INSG) on Thursday forecast a nickel market surplus of 198,000 metric tons for 2025.The group also forecast global primary nickel usage at 3.537 million tons this year and global primary nickel production at 3.735 million tons.The market balance in 2023 was a surplus of 170,000 tons, rising to 179,000 tons in 2024, the Lisbon-based group said.World primary nickel production was 3.363 million tons in 2023 and 3.526 million tons in 2024, with primary usage at 3.193 million tons and 3.347 million tons respectively.

Apr 24, 2025 - 2:10 PM

Teck Q1 results beat estimates on higher commodity prices, copper sales teaser image

Teck Q1 results beat estimates on higher commodity prices, copper sales

Canadian miner Teck Resources on Thursday reported first-quarter results that beat expectations due to higher commodity prices and copper sales volumes.The company reported adjusted earnings per share from continuing operations of C$0.60, above expectations of C$0.32, according to data compiled by LSEG.“Our profitability improved significantly … primarily as a result of higher base metal prices, increased copper and zinc in concentrate sales volumes, and the positive impact of a weaker Canadian dollar on our business,” Teck said in a statement.

Apr 24, 2025 - 1:45 PM

Freeport-McMoRan profit slightly beats, flags higher costs amid tariffs teaser image

Freeport-McMoRan profit slightly beats, flags higher costs amid tariffs

April 24 (Reuters) - Copper miner Freeport-McMoRan reported a first-quarter profit on Thursday that slightly beat Wall Street's expectations but said tariffs proposed by U.S. President Donald Trump could increase the cost of materials needed for its U.S. mines by about 5%.Shares of the Arizona-based company, which operates across the Americas, Indonesia and Europe, were 5.2% higher in midday trading.

Apr 24, 2025 - 12:23 PM