Mining magnate built ice road to Nunavut

KNS halted its operations in March after Glencore decided to sell its 49% interest.

Combined with an existing 6% mineral royalty tax, the 15% export duty on emeralds represents a significant tax burden for Gemfields.

Lithium prices have plunged since late 2022 on oversupply and slower-than-expected growth in electric vehicle demand.

Fazenda has been operating since 1984 as a combined underground and open pit mine, producing over 3.3 million oz. of gold to date.