Copper

Leading miner BHP Group (NYSE:BHP) announced its full-year financial results for the fiscal year ending June 30. Despite a challenging macroeconomic environment, BHP delivered a solid performance. It grew profits by 2% year-over-year to an underlying attributable profit of $13.7 billion. “We...

Editor’s name: This story has been updated to correct the spelling of Alamos Gold CEO John McCluskey’s name. Gold mining companies are ramping up M&A activity as record gold prices boost the free cash flow they can use to make deals. As older mines become depleted and mining costs...

BHP (NYSE:BHP) has successfully negotiated a new deal with the union at Chile’s Escondida copper mine. This agreement comes after a brief but impactful strike that began over a pay dispute. The union demanded a bonus equivalent to 1% of shareholder dividends—around $35,000 per worker at the...

Mining giant BHP (NYSE:BHP) faces tensions in Chile after the local miner’s union issued a strike. What Happened: A strike threatens to undermine the output at Escondida, the world’s largest copper mine, producing over 1.1 million metric tons annually. “After a new invitation...

Geopolitical worries have more to do with gold rising to record highs than does inflation, Barrick Gold Corp.'s (NYSE:GOLD) chief executive said Monday in a conference call accompanying second quarter results. "The gold price is up because the world’s in a mess, not because of inflation,"...

After a relentless battering of tech stocks, the tides might be turning in favor of small caps. Andrew Graham, founder and managing partner of Jackson Square Capital, suggests that a shift out of Big Tech and into smaller firms could be more than just a fleeting trend. For a while now, the market...

Besides posting positive Q2 results driven by higher revenues, Barrick Gold‘s (NYSE:GOLD) management has expressed interest in partnering with the Panamanian government. The Cobre Panama mine, a world-class copper mine, has been idle since last December, and the company says the new...

Editor's note: This story has been updated to correct a spelling error. Benzinga apologizes for the error. American Pacific Mining is advancing in the copper and base metals market through partnerships and drilling. Copper demand is rising for renewable energy. American Pacific Mining is making...

BHP Group (NYSE:BHP) is considering a sale of the Brazilian copper and gold assets acquired through last year’s $6.3 billion takeover of Oz Minerals. What Happened: The assets reportedly up for sale include an untapped gold deposit and four small high-grade copper mines located in the state...

Thousands of athletes around the world will compete for medals at the 2024 Summer Olympics. Winning an Olympic medal can be a valuable experience for athletes as they can earn new endorsements and sponsorships based on their success. Some countries also pay athletes for winning medals during the...

Anglo American plc (OTC:AAUKF) announced a $1.6 billion writedown on its Woodsmith fertilizer project in the U.K. This setback adds further complexity to CEO Duncan Wanblad‘s strategy of revitalizing Anglo after successfully defending it against a $49 billion takeover bid from BHP. In May,...

Freeport McMoRan (NYSE:FCX) has announced a $7.5 billion expansion of its El Abra copper mine in northern Chile. Freshly-appointed CEO Kathleen Quirk made this announcement during an earnings call on Tuesday that exceeded expectations. "We're going to continue to review the economics in the context...

Vale (NYSE:VALE) is set to open a new open-pit mine at the historic Stobie mine site in Sudbury, Ontario. The original underground mine operated from 1914 to 2017, producing over 375 million tons of nickel and copper ore. Vale's Toronto-based base metal arm expects that the open pit project will...

A global mining leader, Rio Tinto (NYSE:RIO), reviewed the first half of the year and evaluated progress across key projects such as Simandou in Guinea, Oyu Tolgoi in Mongolia, and Jadar in Serbia. “We are growing with discipline in the materials the world needs for the energy transition,...

Canadian miner Silvercorp Metals‘ (AMEX:SVM) planned acquisition of Adventus Mining (OTC:ADVZF), an Ecuadorian copper-gold exploration company, has encountered a potential roadblock due to a legal challenge regarding the environmental permit for Adventus’ key El Domo copper project....