Daily Mining Industry Report: October 6, 2025

Canada—Top Developments (past 24 hours)

1. B2Gold declares commercial production at Goose (Nunavut) – The company says the Goose mill averaged 2,652 t/d (66% of design) from Sept. 3–Oct. 2 and now guides 80–110 koz of 2025 output from the mine (part of the Back River district). MINING.COM

2. Tudor Gold sues B.C. government over Seabridge KSM tunnel reserve – Tudor has filed in B.C. Supreme Court challenging a conditional mineral reserve tied to Seabridge’s 23-km Mitchell Treaty Tunnels, arguing it restricts activity at Tudor’s neighbouring Treaty Creek property. MINING.COM

3. Canadian miner hit abroad: Ecuador revokes Loma Larga license (DPM Metals) – Ecuador’s government revoked the environmental licence for Canadian-owned Loma Larga after sustained local opposition over water-resource risks in Azuay province. MINING.COM

4. TSX outlook: mining lifted by record gold – TSX futures +0.3% pre-market as gold extends gains to fresh records and commodities strengthen, keeping miners in focus on the index. Reuters

5. Barrick portfolio reshaping continues – Barrick is selling its Tongon mine (Côte d’Ivoire) to Atlantic Group for up to $305M as part of ongoing non-core divestments; shares rose on the news. Reuters+1

6. Canadian project developer G Mining nears go/no-go on Oko West (Guyana) – G Mining Ventures (TSX:GMIN) says it will decide this month whether to build the project after securing up to $537.5M in financing. MINING.COM

Global Policy & Corporate Moves

1. U.S. green-lights Alaska Ambler mining road; takes Trilogy stake – A new executive order approves the 211-mile road to the Ambler district and the U.S. takes a 10% stake in Trilogy Metals, reversing a prior block and accelerating U.S. critical-minerals access. Reuters

2. Rio Tinto JV to invest $733M in Pilbara iron ore – Rio and partners (Mitsui, Nippon Steel) will develop new deposits at West Angelas to sustain Pilbara supply. MINING.COM

3. Predictive Discovery & Robex merge (West Africa) – A $1.5B all-stock deal will form a mid-tier Guinea-focused gold miner, highlighting continued consolidation. Reuters+1

Technology & Operations

• Automation & electrification momentum – The sector continues to pivot from hydrogen to battery-electric fleets and renewables in decarbonization roadmaps, reinforcing near-term demand for high-spec copper and power infrastructure at mine sites. (Context from recent Fortescue strategy update.) MINING.COM

Markets & Prices

• Gold flirts with $4,000/oz – Spot gold set a new high (intra-day ~$3,950/oz) as safe-haven flows persist; miners’ equity performance is more mixed on cost and FX dynamics. MINING.COM+1

• Deal-making vs. copper shortage – Commentary warns that megamergers alone won’t fix structural copper deficits without fresh project approvals and capex into new supply. Reuters

What it Means (Canada lens)

• Near-term production growth: Goose reaching commercial status adds fresh Canadian ounces in 2025 and validates the Back River build-out. MINING.COM

• Permitting/legal risk remains central: The Tudor–KSM case and Ecuador’s Loma Larga reversal show how access corridors and water remain flash-points that can alter timelines and capex. MINING.COM+1

• Capital & policy tailwinds: Record gold and firmer commodities are supporting TSX mining sentiment, while U.S. policy (Ambler) and Australian capex (Pilbara) signal global infrastructure that could reshape supply routes and competition. Reuters+2Reuters+2

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