2h ago
Comstock closes legacy mining asset sale to Mackay Precious Metals for more than $45 million
Comstock has completed the sale of its mining assets to Mackay Precious Metals, valuing the transaction at more than $45 million. The company has received $20 million in cash and shares currently valued at about $4.5 million, with a secured second-tranche payment of $7 million due within 18 months. Comstock expects to record a gain of approximately $10 million to $12 million and will retain a 1.5% net smelter return royalty.
2h ago
8-21
Samsung Electronics to roll out shareholder return plan worth more than 100 trillion won later this month
Samsung Electronics plans to roll out a new shareholder return policy worth more than 100 trillion won later this month. The company is expected to allocate 50% of its free cash flow to the program as it looks to share record profits during an AI-driven chip supercycle. Rival SK Hynix has announced a 40 trillion won share buyback and cancellation plan that helped lift its stock 13% in one session.
8-21
8-20
SiTration and BHP start Arizona pilots to test copper recovery at historic Copper Cities mine site
MIT spinout SiTration and BHP, the world’s largest copper producer, have launched two pilots at the historic Copper Cities site in Arizona to test copper recovery technology. The mine produced nearly 400,000 tonnes of copper between the 1950s and the early 1980s. The projects aim to use existing resources to strengthen domestic supply chains while producing copper at the bottom of the global cost curve. Global copper demand is projected to rise by around 70% by 2050, driven by energy infrastructure and data-center buildouts.
8-20