Brazil Court Halts Equinox Gold’s $1 Billion Deal with CMOC Group
In a significant legal development, a Brazilian court has blocked Equinox Gold’s attempt to transfer mineral rights for its gold mines in Bahia state to CMOC Group. The deal, valued at $1 billion, was initially announced earlier this year as part of Equinox’s strategy to streamline its portfolio. The ruling comes as a surprise to industry analysts and could potentially delay CMOC’s expansion plans in Brazil. Equinox stated that it is reviewing the decision and exploring its legal options. [Mining.com]
Canada Expands Global Mining Footprint with C$12.6 Billion in New Deals
Canada has signed 30 new agreements with 12 countries, securing C$12.6 billion ($9.22 billion USD) in mining and mining technology investments. These deals bring Canada’s total investments since October to C$18 billion, reflecting a robust strategy to enhance its influence in the global critical minerals market. The agreements, announced this week, underline Canada’s commitment to diversifying its resource partnerships and securing its supply chains for key minerals. [Mining.com]
Daura Gold Corp Launches Drilling Program at Cerro Bayo, Argentina
Daura Gold Corp has commenced a comprehensive ~1,500 metre Phase I diamond drill program at Latin Metals’ Cerro Bayo gold-silver project in Argentina. The program targets 15 high-priority areas and involves 22 drill holes, entirely funded by Daura as part of its strategic exploration partnership with Latin Metals. The announcement was made just ahead of the PDAC 2026, highlighting the continued interest in Latin American gold-silver projects. [Nasdaq.com]
Gold Prices Dip, Yet Analysts Predict Continued Strength
Gold prices have recently dipped to approximately $5,100 per ounce, yet analysts maintain a positive outlook for the metal, driven by strong demand from Asia as a safe haven. Market participants are closely monitoring this trend, with expectations that the broader rally could remain intact throughout the year. This current dip offers potential entry points for strategic investors. However, it is important to note that past performance does not guarantee future results. [Mining.com]
South Africa Adjusts Fuel Prices Amid Rising Oil Costs
Effective today, South Africa has adjusted its fuel prices in response to the rising Brent crude oil price, which averaged $69.08 per barrel, up from $64.08. Despite the adjustments, the slate levy remains unchanged, supported by a positive balance for petrol and diesel. These changes reflect global energy market dynamics and highlight the impact of fluctuating oil prices on national economies. [DMRE.gov.za]
