Agnico has indicated that it would increase its interest in the company to 19.9% under the latest private placement.

The miner spent C$14 million in exploration, which exceeds the C$10 million required to become Janice's majority owner.

Predominantly a stainless steel maker, the company came out of nowhere to become the world's top nickel producer in 2018 thanks to its pioneering use of low-grade nickel pig iron.

Aim is to help mining exploration companies precision-target deposits beneath the Earth's surface in a way that changes the economics of discovery and increases the sustainable production.

The mid-tier gold producer has held talks with the government “to see if they are ready for us to come in,” its CEO says.

The Hod Maden project has proven and probable mineral reserves of 2.45 million ounces of gold and 287 million pounds of copper.

The state-run company is facing pressure from high diesel prices and an increase in salaries of employees.

Management of the miner plan to seek board approval for guidance of between 330 million and 350 million tonnes for 2022.