Per the deal, Sumitomo Metal Mining will pay Rio Tinto $399 million for a 30% equity stake in the Winu project, including $195 million upfront and $204 million in deferred considerations.

Located a 40-minute drive from Kagoshima Airport, the mine is nestled in the rural landscape of Isa and run by Sumitomo Metal Mining Co. Shoki Aono, a company representative, explained that the ...

Mining giant Rio Tinto has partnered with Sumitomo Metal Mining (SMM) to advance the Winu copper-gold project in the Great Sandy Desert region in Western Australia. SMM will acquire a 30% equity ...

Ardea Resources is making quick work of a DFS for its massive Goongarrie Hub laterite nickel project, with four drill rigs ...

IAMGold expects record revenue for 2024 with annual gold sales of 654,000 ounces on an attributable basis at an average realized gold price of about $2,326 an ounce. Fourth-quarter gold sales were 177 ...

in partnership with Sumitomo Metal Mining Oceania, is set to launch a significant drilling campaign in early 2025 to explore high-priority Iron Oxide Copper-Gold (IOCG) targets in the Mt Isa ...

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The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...

On Friday, Jefferies maintained a Hold rating on Sumitomo Metal Mining Co Ltd (5713:JP) stock and increased its shares target to JPY5,000 from JPY4,800. The adjustment follows ...