Gold price rises above $2,300, shattering all-time high

This new period of validity for the mining concession is now until 2049.

Through the newly formed Minera El Encierro, the companies will carry out exploration for five years in a property comprising 35 concessions.

Operations at the mine have been suspended.

The US dollar index is coming off its biggest daily gain since July.

Chief executive Mark Bristow approached some of First Quantum’s largest investors late last year, according to Bloomberg sources.

It said delays are a direct consequence of not obtaining Canadian government approval to acquire the Montagne d'Or gold project.

Spot gold just had its best year since 2020.

Teck has a first option to earn a 55% interest over three years, and the two companies will form a joint venture thereafter.

Teck will have the option to acquire an 80% interest in La Coipita by funding cumulative exploration expenditures of $20 million over a five-year period.