Today’s Top News
Today’s Top News
Key mining news, market moves and developments from Australia, Canada, the US, UK and across the globe.
Published 4 Nov 2026 · 23 storiesClear filter
Wednesday 4 November 2026
- Canadian Gold Output Jumps While Total Global Supply FallsCanadian gold production rose 22% in the third quarter as new mines including Equinox Gold's Valentine and B2Gold's Goose lifted output, the World Gold Council said. Global mine output rose 3% to a third-quarter record of 1,071 tonnes, yet total supply fell 1% to 1,369 tonnes as recycling dropped 8% to about 314…
- Ivanhoe Cuts Kamoa-Kakula's 2027 Copper OutlookIvanhoe Mines cut 2027 Kamoa-Kakula copper guidance (100% basis) to 300,000 to 350,000 tonnes from 380,000 to 420,000 tonnes, and lifted the 2027 C1 cash cost range to US$2.50 to US$3.00 a pound from US$2.10 to US$2.50. The slower ramp-up reflects stoping on the eastern side of Kakula slipping from the fourth quarter…
- Kazatomprom Increases Uranium Production and Keeps GuidanceKazatomprom produced 7,216 tU on a 100% basis in the third quarter, up 12% year on year, taking nine-month output to 20,508 tU, up 10%. It reiterated 2026 guidance of 27,500 to 29,000 tU on a 100% basis. Group sales rose 25% to 6,444 tU in the quarter at an average realised price of US$81.50 a pound of U3O8, up 18%.
- US Army and REalloys Sign Rare-Earth Facility Term SheetREalloys and the US Army have signed a non-binding term sheet for a heavy rare earth processing facility on about 200 acres at Tooele Army Depot in Utah, covering dysprosium and terbium. The proposed enhanced use lease runs 50 years with a 25-year renewal option, and the Army would hold a right of first offer on…
- Felix Gold Receives $7.25 Million Placement CommitmentsFelix Gold has received firm commitments for a two-tranche placement of about $7.25 million at $0.12 a share, a 14.3% discount to the last close, with demand above the $6.5 million target. Largest shareholder MDF Global (11.4%) has committed $2.0 million and directors $0.3 million, both subject to shareholder…
- Norway Backs Rare-Earth Processing PilotRare Earths Norway has made a final investment decision on a pilot plant to demonstrate an integrated route from Fen Complex ore to rare earth oxides, with operations due to start in the third quarter of 2027. The pilot has a total budget of €24 million, including €5.4 million from Innovation Norway and €1.9 million…
- Waratah Delivers 3.1 Million Ounce Maiden Spur ResourceWaratah Minerals reported a maiden JORC resource of 82.9 million tonnes at 1.2 g/t gold for 3.1 million ounces across the Spur and Consols zones, 27% Indicated and 73% Inferred, from 175 holes for 72,890 metres. The resource covers about 2 km of the 6 km Spur Gold Corridor, and a separate Exploration Target of 5.1 to…
- Ramelius and Carosue DamThe Australian reports Ramelius Resources has engaged investment bank Barrenjoey to pursue Northern Star's Carosue Dam gold mine in Western Australia. The reported $800 million valuation is a media estimate, not confirmed consideration. The report comes as Northern Star has rejected a takeover proposal from Gold…
- Copper Falls as Markets Reassess AI DemandCopper fell below US$14,000 a tonne on the London Metal Exchange on Tuesday to an 11-week low, sinking as much as 3.2% to US$13,883 as a technology stock selloff clouded the demand outlook. RBC Capital Markets said the slide is forcing a fresh look at the AI demand case that has underpinned copper's rally. The metal…
- Indonesia Weighs Tighter Nickel Supply ControlsIndonesia's Energy and Mineral Resources Minister Bahlil Lahadalia said nickel has fallen to about US$15,800 a tonne, below US$16,000, because of oversupply, and the government is preparing to tighten production controls through the RKAB work plan and budget process. He put global demand at about 3.5 million tonnes a…
- Gold Mining Cost Inflation Hits a 13-Year HighGold industry all-in sustaining costs rose 22% year on year to a record US$1,930 an ounce in the second quarter, up 8% on the first quarter, according to the World Gold Council. The annual pace is the fastest since the first quarter of 2013, driven by higher energy and consumables costs and rapidly rising sustaining…
- BPM Hits High-Grade Gold at Bonnie & ClydeBPM Minerals' first two RC holes at the Clyde prospect, part of the 6 km Bonnie & Clyde soil anomaly at its Forelands project in Western Australia, returned downhole intercepts of 4m at 20.57 g/t gold from 39m including 1m at 73.33 g/t, and 8m at 9.23 g/t from 71m including 1m at 64.71 g/t, both in FLRC125. The other…
- ACG to Acquire 100% of Blue Moon NorwayACG Metals has agreed to buy Blue Moon Norway from Blue Moon Metals for US$220 million in shares, including a 94.52% interest in the construction-stage Nussir copper mine in northern Norway. Nussir targets first concentrate in H1 2028 and is expected to average about 18,400 tonnes of copper-equivalent a year over 2029…
- Strong Q3 Buying Pushes Y-T-D Central Bank Demand Ahead of 2025Central banks bought a net 321 tonnes of gold in Q3 2026, up 42% year on year and well above the five-year quarterly average of 227 tonnes. Year-to-date purchases reached 675 tonnes, 6% ahead of 2025. Reported buying was only 120 tonnes, led by China at 63 tonnes and Poland at 40 tonnes, leaving about 63% of demand…
- Simandou Offsets Iron-Ore Supply Cuts Elsewhere, Macquarie SaysMacquarie says the Simandou ramp-up in Guinea has single-handedly supported seaborne iron ore volumes as lower prices, high freight rates and diesel costs squeeze other producers. If October shipment rates hold, Simandou's 2026 exports could reach about 28 million tonnes. Iron ore has fallen about 24% from its May…
- JPMorgan Sees Potential for US Copper RevivalJPMorgan estimates the US could add up to 1.3 million tonnes of annual copper production through renewed investment, though most is unlikely before 2030. US mined output has halved over 30 years to about 1 million tonnes. The bank sees Rio Tinto and BHP's Resolution Copper in Arizona supplying about half the potential…
- China to Raise Forex Deposit Reserve Ratio to 6% Starting November 15The People's Bank of China will lift the foreign exchange deposit reserve ratio for financial institutions by 2 percentage points to 6% from 15 November, reversing its September 2023 cut. The PBOC framed the move as strengthening forex liquidity management, while Reuters reported it as aimed at slowing the yuan's…
- Congo Opens Mining Fraud Inquiry After Copper and Cobalt Seizures, Statement ShowsThe Democratic Republic of Congo has opened an investigation into suspected mining fraud after seizing more than 500 trucks and thousands of tonnes of copper and cobalt at several sites, notably Menda. A mission of police, military personnel, military magistrates and mines ministry experts made the seizures. Congo…
- Collective Mining Drills 154.30 m @ 12.66 g/t AuEq, Including 30.45 m @ 39.01 g/t AuEq, at Apollo's Ramp ZoneHole APC174-D4 returned 154.30 m @ 12.66 g/t AuEq (12.44 g/t Au) from 1,208 m below surface at the Ramp Zone of the Apollo deposit in Caldas, Colombia, including 30.45 m @ 39.01 g/t AuEq. It is the broadest high-grade intercept at Ramp to date and ended in mineralisation when the rig reached capacity. AuEq uses…
- MMG Extends Long-Stop Date for Anglo American Brazil Nickel Deal to Dec 31MMG has extended the long-stop date on its purchase of Anglo American's Brazilian nickel business to 31 December 2026. The European Commission has moved its review to Phase II, with completion due by 21 December. In October, MMG offered to guarantee ferronickel supply to European stainless steel producers.
- Falcon Energy Materials PLC Announces Landmark Acquisition of 49% Strategic Interest in Established Graphite Anode ProducerFalcon Energy Materials will buy a 49% non-operating stake in Weihai Hensen New Materials Technology, a graphite anode producer in Shandong, China, for US$22 million cash. Weihai runs a full 25,000 tpa CSPG circuit, has been in commercial production since H2 2025, and complements Falcon's planned 25 ktpa CSPG plant in…
- Galleon Gold Announces Closing of Upsized $30M Bought Deal Private Placement, Including Full Exercise of Over-Allotment Option, and Concurrent $7M Non-Brokered Private PlacementGalleon Gold closed an upsized bought deal of about C$30 million, comprising C$7.5 million of flow-through shares at C$1.59 and C$22.5 million of shares at C$1.12, including the full over-allotment. Pan American Silver took a concurrent C$7 million non-brokered placement at C$1.12. Proceeds go to the West Cache Gold…
- Aramco, Maaden Advance $75 Million Minerals Joint VentureMaaden shareholders have approved its mineral exploration joint venture with Aramco, which starts with paid-up capital of SAR197.5 million, held 51% by Maaden and 49% by Aramco. The JV will explore Zone-4, a roughly 182,000 km² Transition Zone on the Arabian Platform, targeting copper alongside zinc, lead and rare…
