Mining and natural-resource company news published on August 10, 2026 included quarterly operating updates from Barrick Mining and Ur-Energy, new copper-gold drilling results in Yukon, a major drill-permit expansion in Peru, a revised U.S. critical-minerals feasibility study, and a strategic financing for Blue Lagoon Resources.
Barrick reports higher gold output and expands Nevada Gold Mines agreement
Barrick Mining Corporation (NYSE: B; TSX: ABX) reported 796,000 ounces of gold and 56,000 tonnes of copper in the second quarter ended June 30. Gold production exceeded the company’s 730,000–770,000-ounce guidance range, while revenue was $5.29 billion and operating cash flow was $1.70 billion. Barrick kept its full-year production and cost guidance unchanged, including gold production guidance of 2.90–3.25 million ounces.
The company also said it had agreed with Newmont to expand the Nevada Gold Mines joint venture through the early contribution of Barrick’s Fourmile project and Newmont’s Mike and Fiberline properties. Barrick said Newmont will pay a $1.95 billion cash top-up within 30 days and that the agreement resolves outstanding Nevada Gold Mines disputes. Barrick’s planned IPO of a minority stake in a new North American gold company remains targeted for completion by the end of 2026, subject to market conditions, approvals and other requirements.
Cascadia expands Carmacks copper-gold mineralization beyond the current resource
Cascadia Minerals (TSXV: CAM; OTCQB: CAMNF) reported six additional drill holes from its 2026 program at the Carmacks copper-gold project in central Yukon. Hole CD-26-050 at Zone 2000S returned 52.84 metres grading 1.04% copper and 0.37 g/t gold (1.45% CuEq), including 11.68 metres at 2.59% copper and 0.98 g/t gold (3.65% CuEq). Hole CD-26-047 at Zone 147 returned 93.22 metres at 0.79% copper and 0.23 g/t gold (1.03% CuEq).
Cascadia said drilling encountered sulphide mineralization more than 250 metres beyond the Mineral Resource at Zone 2000S. Results from additional holes were pending at the time of the release. The reported intervals are drilled thicknesses, with estimated true widths of 60%–70%, and the company’s CuEq calculations use stated price and recovery assumptions.
NioCorp outlines eight-product Elk Creek feasibility study
NioCorp Developments (NASDAQ: NB) reported an updated 2026 Feasibility Study for its Elk Creek Critical Minerals Project in Nebraska. The study describes a planned 40-year operation producing eight critical-mineral products, including ferroniobium, scandium, titanium and several rare-earth products. The company reported a pre-tax NPV at an 8% discount rate of $4.1 billion, an after-tax NPV of $3.4 billion, a pre-tax IRR of 24% and an after-tax IRR of 22.8%.
NioCorp said the study satisfies a key U.S. Export-Import Bank due-diligence requirement and that it expects to advance toward detailed engineering and EPC contracting. The company also said any potential EXIM financing remains subject to further diligence and acceptable terms, and that additional financing is required to cover initial capital and construction costs. The study’s economics are based on stated price, operating and development assumptions.
Ur-Energy reports higher uranium shipments and begins Shirley Basin production ramp-up
Ur-Energy (NYSE American: URG; TSX: URE) reported 140,873 pounds of U3O8 drummed and 149,747 pounds shipped to a conversion facility in the second quarter. The company sold 215,000 pounds under long-term contracts at an average price of $66.85 per pound, generating $14.4 million in product-sales revenue. Unrestricted cash and cash equivalents totaled $95.3 million at June 30.
Ur-Energy said Shirley Basin captured 10,634 pounds during limited initial operations in the quarter and received final state authorization in June to begin full production operations. The company was preparing the first shipment to Lost Creek as of the release date. Further Lost Creek wellfield work and Shirley Basin construction remain subject to operating plans, regulatory requirements and execution risks.
Blue Lagoon announces C$10 million strategic investment for Dome Mountain
Blue Lagoon Resources (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) entered agreements for a C$10 million strategic investment tied to its 100%-owned Dome Mountain Gold Mine near Smithers, British Columbia. Nicola Mining and Ocean Partners Holdings will each invest C$5 million through common shares priced at C$0.60, with approximately 16.67 million shares expected to be issued in aggregate and no warrants.
The company said the financing is intended to support underground development, exploration, water treatment and site infrastructure while advancing toward a 150-tonne-per-day target. Closing remains subject to compliance with CSE policies, and the securities will carry a statutory hold period of four months and one day.
Coppernico receives expanded Sombrero drill-permit approval in Peru
Coppernico Metals (TSX: COPR; OTCQB: CPPMF; FSE: 9I3) said its Peruvian subsidiary received approval for an expanded Environmental Impact Assessment—Semi-detailed for the Sombrero Project. The approved drill area increases from 904 hectares to approximately 3,122 hectares, while authorized platforms increase from 38 to 181 and authorized drill holes from 49 to 300. The expanded area includes targets such as Fierrazo, Corrales, Chumpi, Escondida, Huachana and Tipicancha.
The approval is a step in the permitting process, not authorization to begin drilling. Coppernico said it still requires a start-of-activities authorization from Peru’s Ministry of Energy and Mines before mobilization and drilling can commence.
These announcements highlight continued activity across precious metals, base metals, uranium and critical-minerals projects, but exploration results, feasibility studies, financings and planned production remain subject to technical, regulatory, market and funding conditions.
This article is for informational purposes only and is not financial advice.
