Copper
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Record gold output, but Hudbay posts loss in Q1
Hudbay Minerals (TSX: HBM; NYSE: HBM) released its first quarter results today with record gold production of 35,500 oz. during that time. Consolidated copper production was 24,553 tonnes at a ‘sustaining cash cost’ of US$2.16 per lb. Despite strong metal…
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Red Chris output, exploration news from Imperial
Despite a major power outage in February and some freezing of some mill infrastructure, the Red Chris mine had first quarter 2021 production of 15.9 million lb. of copper and 15,800 oz. of gold. In comparison, in the fourth quarter…
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First Quantum reports record Cobre Panama production in Q1
First Quantum Minerals (TSX: FM) delivered its first quarter 2021 report along with the news that the Cobre Panama copper mine achieved record quarterly production – 82,042 tonnes of copper, a jump of 46% from the same quarter a year…
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Report looks at recycling of battery metals to meet rising demand
A new report suggests that recycled metals could meet a significant part of the rising demand from electric vehicles (EVs), decreasing some of the need for new mine supply. The report, Reducing new mining for electric vehicle battery metals, was…
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Kristeneberg mine expansion to cost Boliden $185M
Swedish miner Boliden expects to spend approximately $185 million (1.25 billion krona) expanding its Kristenberg mine toward the Rävliden ore zone. The expansion will help boost mill throughput to 1.8 million tonnes annually in the Boliden area of Sweden. The…
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Greener haulage at Copper Mountain with trolley assist from ABB
Copper Mountain Mining (TSX: CMMC) is committed to reducing its carbon footprint by more than 50% in the next five to seven years, with the goal of reaching zero by 2035. Toward that end, the company has selected ABB for…
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Comments sought for Generation’s Marathon Pd-Cu project
Earlier this year, Generation Mining filed the first amendment to the environmental impact statement (EIS) for the Marathon palladium-copper project, and on Apr. 16, it filed the second amendment. These filings along with the recently published feasibility study mark the…
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Turquoise Hill updates Oyu Tolgoi mine, Q1 performance
Underground development at the Oyu Tolgoi copper mine in Mongolia is progressing as planned, says operator Turquoise Hill Resources (TSX: TRQ). The first sustainable production from the project is expected in 2022. Production is to ramp up to 580,000 tonnes…
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Barrick reports in-line production; expects stronger output in H2
In the first quarter of 2021, Toronto-based gold major Barrick Gold (TSX: ABX; NYSE: GOLD) produced 1.1 million oz. of gold and 93 million lb. of copper, in line with its plan for the year. In the production release, the…
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Glencore shareholders revolt over CEO’s pay
Proxy adviser Glass Lewis, one of Glencore’s (LSE: GLEN) top shareholders, is pushing investors to vote against the company’s plans to pay its new chief executive Gary Nagle up to US$10.4 million. In a report for clients, Lewis said it…
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HighGold steps out Johnson Tract in Alaska
Final results for nine holes drilled as part of a 32-hole drill program completed last year at HighGold Mining’s (TSXV: HIGH) gold-polymetallic project in southcentral Alaska expand mineralization by 180 metres down-plunge, and on strike of earlier stepout intercepts. Overall,…
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Rio Tinto, Turquoise Hill strike funding deal for Oyu Tolgoi
The binding agreement ends a long-dragged standoff between the companies over funding for an expansion of the copper-gold mine in Mongolia.
