Company expects steelmaking coal production to drop to about 80-85% of normal levels in an initial two-week slowdown due to the coronavirus outbreak.

The Alberta provincial government will backstop the Canadian portion of the Keystone XL with a C$7 billion commitment.

Metallurgical testwork as well as tradeoff optimization studies are underway to refine inputs for the PFS.

The company is maintaining its full-year production, capital and operating cost guidance for 2020.

The offer consists of a $175-million cash payment and the assumption of all Centerra’s obligations under the partnership agreement.

First Cobalt owns the only fully permitted cobalt refinery capable of producing battery grade material in North America.

Last year, Hope Bay produced 139,510 oz. of gold.