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Anglo American Rejects BHP Offer; Gatos Silver's Mineral Findings; IperionX Installs New Furnace And More: Friday's Top Mining Stories

Published 26/04/2024, 21:52
© Reuters.  Anglo American Rejects BHP Offer; Gatos Silver's Mineral Findings; IperionX Installs New Furnace And More: Friday's Top Mining Stories

Benzinga - by austin@walkonholdings.com, .

Top Stories for April 26, 2024:

  • Anglo American (OTC:AAUKF) rejected the $39-billion all-share takeover bid from BHP Group (NYSE:BHP), calling it “highly unattractive” and undervalued.
  • Despite BHP claiming a 31% premium, Anglo emphasized the proposal underestimated the value of its significant copper holdings.

  • Gatos Silver Inc (NYSE:GATO) updated on its exploration at the Los Gatos district in Mexico, highlighting new mineral intercepts at the Cerro Los Gatos mine and appointing Chad Yuhasz as vice president.
  • Dale Andres

    Key intercepts included significant silver, zinc, lead, gold and copper grades.

    The company is also preparing for expanded drilling in the second quarter of 2024 and has made progress in Greenfields exploration, with initial results showing potential deeper mineralization.

    Also Read: Standard Lithium Activates Cutting-Edge Plant, Paves Way For Cleaner Mining

  • IperionX ADR (NASDAQ:IPX) successfully installed its commercial-scale HAMR titanium furnace at its new Titanium Manufacturing Campus in Virginia.
  • With the campus construction on schedule, the furnace commissioning is set for the second quarter of 2024, and production of titanium powder will start by mid-2024.

    IperionX aims to develop a U.S. titanium supply chain using scrap and locally sourced minerals to produce high-performance titanium products more efficiently and with reduced environmental impact.

  • Hycroft Mining Holding Corporation (NASDAQ:HYMC) will be added to the Solactive Global Silver Miners Total Returns Index starting May 1, 2024.
  • This inclusion recognizes Hycroft’s significant operations in silver mining and its recent high-grade silver discovery at Hycroft Mine, providing its investors with greater liquidity and trading flexibility.

    3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

    Now Read: Nigeria Cracks Down On Dormant Mining Titles To Stop ‘License Racketeering’

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    Photo: Shutterstock

    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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