This post was originally published on this site.Capstone Copper (TSX: CS; ASX: CSC) has lowered the bottom of its annual copper production forecast by 5,000 tonnes after delaying the full restart of its Pinto Valley operation in Arizona until mid-December. The primary crusher needs additional repairs to major mechanical components being manufactured off-site by the original equipment maker, the company said Thursday in an update. Mobile crushers should allow partial processing to resume in mid-November. While the 5,000-tonne impact is “modest,” it “adds to a difficult operational year at Pinto Valley and [the company’s] Mantoverde” operation in Chile, Jefferies mining...

This post was originally published on this site.Freeport-McMoRan (NYSE: FCX) has agreed to pay $77.2 million (C$110 million) for a controlling stake in TDG Gold’s (TSXV: TDG) Aurora West project in British Columbia, advancing consolidation around the neighbouring Aurora copper-gold discovery held by Freeport and Amarc Resources (TSXV: AHR). The initial purchase covers 51% of two companies that will hold the property, TDG said Thursday. Freeport can lift its stake by funding $80 million in exploration and paying TDG another $40 million. “Our retained interest in the Aurora West Property through the joint venture also gives our shareholders continued exposure...