Simply put, electrification doesn’t happen without copper, the heartbeat of the global energy economy.
Pre-production capital used for initial mine development, first process plant module and infrastructure is now estimated at $1.55 billion.
Côté Gold will be the third largest gold mine in Canada with an expected mine life exceeding 18 years, the company said.
Key moves in the mining sector.
Long-awaited permit will extend the life of Peru's largest copper mine, co-owned by Glencore, BHP, Teck and Mitsubishi, from 2028 to 2036.
The Canadian miner has not yet earned a stake in African Pioneer Zambia, the company that holds the copper licences.
The industry saw a significant rise in M&A activity across metals and mining companies in 2023 driven by the global energy transition, a theme Fitch Solutions expects to continue.
Great Bear now contains 3.3 million oz. gold in 22.7 million inferred tonnes, open pit and underground, grading 4.5 grams gold per tonne.
