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The Latest Breaking News from Mining

Gold's Sustained Rally Prompts A Closer Look At Direxion's NUGT, DUST ETFs

While innovative sectors such as artificial intelligence consistently grab headlines, few industries have been as holistically profitable as gold. Heading into the tail end of summer, the yellow metal was already a star asset, trading around $3,400. However, in the trailing month, the precious metal swung up about 10%, demonstrating…

Benzinga

Newmont Walks Away From Orla With $900 Million Cash Boost

Newmont Corp. (NYSE:NEM) (TSX:NGT) said it has sold its entire stake in Orla Mining Ltd. (NYSE:ORLA), raising nearly $900 million in after-tax proceeds.

Benzinga

CoreWeave, Barrick Mining, FedEx And Other Big Stocks Moving Higher On Friday

U.S. stocks were higher, with the Nasdaq Composite gaining more than 100 points on Friday.

Benzinga

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Communist Laos Looking To Turn Extra Hydropower Into Crypto Mining To Tackle Debt: Report

Southeast Asian country Laos is turning to cryptocurrency mining as a way to ease its growing debt burden and put surplus energy to use, according to a report published Wednesday.

Benzinga

Further job losses deal fresh blow to coal mine workers

A third mining company in as many days has announced job cuts, taking aim at a coal royalties scheme as it prepares to close an underground site.

AAP

3 Gold Mining Stocks Shine As Prices Hit Records

Three gold mining stocks have marked significant improvements in their quality rankings, coinciding with gold prices reaching new highs this week.

Benzinga

'Collateral damage': hundreds more mining jobs axed

About 1000 workers will be out of a job after a second major miner revealed cuts, sparking fears communities will pay a heavy price in a royalties dispute.

AAP

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Queensland deputy premier labels BHP ‘unAustralian’ as mining giant blames job cuts on coal royalties scheme

Jarrod Bleijie defends levy as BHP Mitsubishi Alliance moves to mothball Saraji South mine and slash 750 jobs

The Guardian - AU

Coal 'crisis': hundreds of jobs cut, mine mothballed

A mining giant has been labelled "un-Australian" by a state government for cutting hundreds of jobs and mothballing one of its oldest sites.

AAP

Endangered pink river dolphins face a rising mercury threat in the Amazon

Scientists in Colombia’s Amazon are capturing and testing endangered pink river dolphins to monitor mercury contamination from illegal gold mining and deforestation

The Independent UK

Gold Smash Records At $3,700 As Analysts Say This Rally Is Just The Beginning Of A New Cycle For Precious Metals And Mining Stocks

Gold prices are surging to unprecedented levels, with spot gold briefly hitting a new record high of $3,699.57.

Benzinga

Community fights lead mine near primary school as report highlights Australia’s failure to protect children

Report commissioned by Mudgee health alliance suggests mine’s health and environmental assessments accepted by NSW government contain errors and outdated evidence

The Guardian - AU

Sprott Unearths A Metals ETF That Targets Hidden Gems

Sprott Inc. (NYSE:SII) introduced a new actively managed ETF that invests through the entire metals and mining lifecycle.

Benzinga

Segments Cloud Computing LLC: Supporting Crypto Mining in the UAE

Segments was formed in response to the growing interest and need for reliable crypto mining services in the region. Its origins trace back to 2017, when its founders began mining Bitcoin on a small scale.

International Business Times

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The Independent UK

Takeaways from AP's report on a boom in mercury mining in central Mexico

The soaring price of gold is fueling a mercury boom in central Mexico

Benzinga

Move Over, Mag 7—Gold Miner ETFs Are Running The Show Now

Gold mining ETFs are rallying with the bullion, with the Themes Gold Miners ETF (NASDAQ:AUMI) reaching a 52-week high on Friday at $74.89 — up around 121% from lows.

The Independent UK

The ‘mercury boom’ sparking toxic gold mining and putting lives in danger

Soaring international gold prices are driving up the price of mercury, a toxic metal key in illegal gold mining, to all-time highs

Benzinga

Gold Miners Cut Direct Emissions, But ESG Intensity Worsens, Report

Global gold producers cut combined Scope 1 and 2 greenhouse-gas emissions to below 30-million tons of CO₂ equivalent in 2024, the lowest level in a decade. With gold prices reaching fresh all-time highs, the environmental, social, and governance (ESG) awareness for the mining sector is one of the metrics in…

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The Guardian - AU

Mining companies leave many Queensland farmers’ land barren and broken. When they go belly up who pays for rehabilitation?

‘I just want them to pay up what they owe me, rehab that country and get the hell out of here,’ says farmer Patricia Goodwin

Benzinga

Why Freeport-McMoRan (FCX) Stock Is Falling Today

Freeport-McMoRan Inc (NYSE:FCX) shares are trading lower Friday afternoon as mining operations at its Grasberg minerals district in Indonesia remain temporarily suspended. The halt follows a September 8 mud flow incident that trapped seven contract workers in the Grasberg Block Cave mine, a critical asset for the company’s copper and…

International Business Times

Norway Sovereign Wealth Fund Drops French Miner Over Environmental Fears

Norway's sovereign wealth fund said Friday that it was excluding French mining company Eramet from its portfolio, citing risks that the company was contributing to human rights violations and environmental damage at a nickel mine in Indonesia.

International Business Times

Indonesia Seizes Part Of Nickel Site Over Forest Violations

Indonesian authorities have seized a small section of the world's largest nickel mine for encroaching on forest areas without permission, authorities said Friday.

Benzinga

Anglo Teck: A New Copper Empire Is Quietly Taking Shape

Anglo American Plc's (OTCPK:NGLOY) (OTCPK:AAUKF) bold tie-up with Teck Resources Ltd (NYSE:TECK) is shaping up to be more than just another mining merger—it's a copper power play that could redraw the global commodities map.

Benzinga

What's Going On With BIT Mining (BTCM) Stock Thursday?

BIT Mining Ltd – ADR (NYSE:BTCM) shares are trading higher Thursday morning after announcing an expansion of its Solana (CRYPTO: SOL) holdings. Here’s what investors need to know.

Benzinga

Barrick Hands Hemlo Gold Mine To New Owner In $1.09 Billion Deal

Barrick Mining Corporation (NYSE:B) announced Wednesday that it has struck a deal to divest its Hemlo Gold Mine in Ontario, Canada, in a transaction worth as much as $1.09 billion.

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