“Everybody's been knocking on our door, trying to understand what we are doing, trying to see how we did it,” Marna Cloete said.

Vale Base Metals chairman Mark Cutifani is undertaking a unit-wide asset review.

Ivanhoe Electric is part of a growing number of international mining companies investing in Saudi Arabia.

Australia, which mined about half the world’s lithium in 2022, forecasts the spot price of spodumene will fall to $2,200 per tonne in 2025.

Uranium hit $91 per lb. this week, another record since triple-digit prices in 2007.

AngloGold is paying C$22.5 million for 11.7% of G2.

The project in central Mexico’s Zacatecas state has an after-tax net present value of C$1.09 billion at an 8% discount rate with an after-tax internal rate of return of 14%.

Twin Hills is an open-pit project with a 13-year mine life and average annual production of 175,000 oz. gold over the first five years.

The expanded reserves will feed higher current production, which was 17,316 oz. in the third quarter.

PGM prices have fallen by 42% this year and could widen a supply deficit if unprofitable mines are sidelined.

A rough calculation using Tuesday’s closing share price shows the deal is valued at about C$6.6 million.

Barrick has repeatedly said in letters to MiningWatch that the company and the mine haven’t conducted forced evictions.