First Majestic Silver reported near surface drill results at its Jerritt Canyon gold mine in Nevada on November 12, including 48.8 metres grading 4.24 grams of gold per tonne and 36.6 metres at 5.87 grams per tonne at the Saval area, supporting a possible open pit source of mill feed. The company said underground development and processing plant upgrades are underway, that it has acquired an adjacent property of 2,971 acres (1,202 hectares), and that a restart of the mine, suspended in March 2023, remains targeted for the second half of 2027.
Modern Mining Technology Corp. began trading on the NYSE American on November 13 under the ticker MDRN, following completion of an approximately 40 million dollar Regulation A initial public offering. The company recovers gold, silver, copper, palladium and other metals from electronic waste using a proprietary aqueous based process, demonstrated at its Greenville, North Carolina facility since November 2023, and remains at pre commercial stage. Its shares closed their first day down 3.5 percent, giving it a market capitalization of 36.1 million dollars.
Anglo American is removing its name from its Brisbane building as it prepares to hand its Australian steelmaking coal operations to Dhilmar Limited, Mining.com reported on November 13. The sale, agreed in May for up to 3.875 billion dollars including 2.3 billion upfront, is expected to close in the first quarter of 2027. Anglo American Australia announced on November 4 that chief executive Dan van der Westhuizen will depart after five years, with chief financial officer Carleigh Andrews to succeed him under Dhilmar ownership on completion of the sale or by December 31, 2026, whichever comes first.
Banks remain split on the 2027 copper outlook, Mining.com reported, a day after Goldman Sachs flagged downside risks to its own 15,400 dollar a tonne forecast for 2027. The disagreement, between shortage driven and surplus driven readings of mine supply and demand growth, is the live pricing debate behind copper miner valuations this week, and it is covered in full in the November 13 Goldman story.