Mega said Friday that it's set to be acquired by Yamana Gold. Based on the company's press release, it sounds like Yamana is mainly interested in Mega's Manitoba-based Monument Bay gold-tungsten project.
On Thursday, China's Ministry of Finance confirmed plans to eliminate export tariffs on rare earths, tungsten and molybdenum, effective May 1, 2015. According to Shanghai Metals Market, China previously imposed export duties of 15 to 25 percent on rare earth products.
Peninsula's Lance projects, which are fully funded and in the final stages of construction, are situated in Wyoming and are set to begin production in the third quarter of this year. Resource Investing News spoke with Executive Chairman Gus Simpson to find out how the company got to that point and what's next.
On Thursday, dual-listed Heron Resources released a PEA for its Woodlawn zinc-copper project in New South Wales, Australia, and the results are positive to say the least. The mine is anticipated to garner initial capital costs of AU$140 million for a post-tax NPV of $300 million and an IRR of 46 percent with a payback period of two years.
Silver may have been the best-performing precious metal during 2015's first quarter, but April hasn't treated it overly well.
Wednesday saw mining giant BHP Billiton release its operational review for the nine months ended March 31, 2015, and it includes at least one big surprise for investors: the company will be slowing its iron ore expansion program.
Gold has been having a tough time as of late, with gold futures closing Wednesday at $1,187 per ounce, a three-week low. The downward price pressure has been attributed to a US existing homes sales report.
Life-of-mine gross revenue is pegged at $983 million, with life-of-mine net after-tax cash flow clocking in at $258 million. Meanwhile, the operation's pre-tax net present value is set at $148 million at an 8-percent discount, with an internal rate of return of 27.7 percent, while its post-tax net present value, also at an 8-percent discount, is estimated at $113 million with an internal rate of return of 24.07 percent.
Since making the decision to establish itself as a domestic fertilizer supplier and producer in the Cerrado area of Brazil, the world's fastest-growing agricultural region, DuSolo Fertilizers has made huge progress. Here's a look at what the company is up to at the moment.
Nevada and South America certainly seem like the places to be when it comes to lithium production. One company that's staked claims in both locations is Canada's Dajin Resources.