First Quantum hopes for speedy Cobre Panama contract renewal

The document, which has yet to be approved by Congress, will see First Quantum pay $375 million a year plus a royalty of 12% to 16% of the mine's gross profits.

Cecilia Jamasmie | February 16, 2022 | 7:13 am

Barrick Gold announces $1bn buyback as quarterly earnings jump

Barrick also increased its regular quarterly cash dividend by 11% as it exceeded earnings estimates.

Reuters | February 16, 2022 | 3:31 am

Gold reserves at Venezuelan central bank down to new 50-year low

The bank for decades held more than 300 tonnes equivalent of gold, but between 2015 and 2017 the government began using the precious metal as a collateral for loans with international banks.

Reuters | February 15, 2022 | 3:20 pm

Chile starts debate of new Constitution amid jitters over mining, Congress plans

Embryonic plans to nationalize mining, the creation of a one-chamber Congress, water rights, and protections for indigenous territories are some of the more edgy motions the assembly will discuss.

Reuters | February 15, 2022 | 11:48 am

World Copper PEA for Escalones offers post-tax NPV of $1.5bn, payback in 2.2 years

The initial capital requirement at Escalones is $438.4 million, followed by a sustaining investment of $192.5 million over the 20-year life of the project.

Canadian Mining Journal Staff | February 15, 2022 | 10:28 am

Peru community to restart blockade of Las Bambas mine road

Las Bambas, which produces 2% of the world's copper supply, has said it will have to suspend production on February 20 if the road is not cleared by then.

Reuters | February 14, 2022 | 10:24 am

Iamgold appoints independent directors, new chair to board

The gold miner has reached a deal with an investor seeking changes at the top.

Cecilia Jamasmie | February 14, 2022 | 7:00 am

Giant miners to see record profits slip as cost pressures bite

The top-five western diversified mining companies may see combined 2021 second-half earnings of $73 billion.

Bloomberg News | February 13, 2022 | 10:02 am

Copper price retreats on risk-off sentiment, profit-taking

"There's a general cooling of the economy in China. Infrastructure and property are both key in terms of driving metals demand and we do not expect a quick reversal in either."

MINING.COM Staff Writer | February 11, 2022 | 8:09 am

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