Rosh Pinah zinc mine in southwestern Namibia has commissioned a new SAG mill that replaces the existing ball mill and is designed to double processing throughput from 700,000 t/y to 1.4 Mt/y while handling progressively harder ore. The SAG mill brings the RP2.0 flowsheet into full operation as an integrated system, tying in the new WF3 underground portal and decline, paste backfill plant, water treatment plant, and an entirely new zinc flotation, thickening and filtration circuit. Appian Capital Advisory, which owns 90% of the operation, reports construction is over 95% complete, on schedule and on budget.

Gold fell as much as 1.8% on Monday to just above $4,000/oz, extending a decline of more than 22% since the Middle East war began in late February amid surging energy prices and expectations of higher interest rates. The metal has erased its 2026 gains and now sits about 6% down for the year, reversing part of the 60% surge seen in 2025. Analysts at Goldman Sachs, UBS and Global X ETFs still see $4,000/oz as key technical support and project higher year-end prices on continued central bank buying.

Canada has committed C$7 million through Natural Resources Canada’s Critical Minerals Research, Development and Demonstration programme to Greenland Resources’ open-pit Malmbjerg molybdenum project in east Greenland, the first G7 investment in Greenland mining. The funding supports metallurgical work to test flotation of primary molybdenum using both saline and fresh water and to assess recovery of magnesium and rare earth elements from the orebody and process water, with the programme running to March 2028. Malmbjerg, 20 km from Mestersvig airport, is designed to produce 32.8 million lb/y of molybdenum metal for 10 years within a 20-year mine life, backed by a long-term offtake with Outokumpu.