Imperial raises $32 million ahead of Mount Polley reopening

It’s been a tumultuous year for industrial metal markets, both the worst of times and the best of times.

Drill highlights include the 2020 discovery hole, which hit 101 metres of 1.3 g/t gold; and 102 metres of 2.1 g/t gold in a 100-metre step-out to the northwest.

Africa's second-biggest copper producer is seeking to increase its control over the sector as it navigates a debt crisis.

As part of this transaction, all of the Karus common shares would be distributed to KORE shareholders on a pro-rata basis to their ownership in the parent company.

The companies were said to have breached contract rules, failed to renew their licenses, or not made royalty payments.

Total area being cleared is 11.26 hectares and is estimated to be completed in 3 to 4 months.

CEO Richard Adkerson expects copper volumes to expand by 20% and gold by 70% next year, with rising outputs lowering costs.

This deal is expected to deliver an approximate 20% reduction in Newcrest’s greenhouse gas emissions.

Company announced a a 334% increase in consolidated gold Proven and Probable Mineral Reserves for its Beta Hunt and Higginsville operations in Western Australia.