Success breeds success and there is a great deal of exploration activity taking place in the Atlantic Canada province these days.
Canada Mining News
Prospero Silver Corp is pleased to announce that it has arranged a US$270,000 strategic investment from Fortuna Silver Mines Inc.
The Federal Court of Appeal nullified the National Energy Board’s approval of Kinder Morgan Canada’s Trans Mountain pipeline expansion project.
Barkerville also has the option to grant Osisko an additional 1% NSR royalty on the Property for additional cash consideration of C$13 million.
Total proceeds from the sale were US$26.9 million (CDN$35.3 million) from 411,317 carats at an average realized value of US$65 per carat
Arguing the company has artificially inflated the value of its Canadian gold mine, which risks being taken over by creditors in coming months.
Decade-low prices have had a negative effect on the profitability of existing mines and on the capacity of early-stage projects to raise necessary funding to be mine-ready when demand picks up.
Transaction, which gives CITIC a 20% stake in the Canadian miner, has received all necessary approvals and it’s expected to close on Sep. 19
This marks the completion of the production ramp-up of the underground mine.
Deal gives Orion mine access to mineral rights for more than 80,000 hectares of land in Northern Ireland, which includes one of the world's top ten undeveloped gold deposits by grade.
The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin’s C$4.75 a share bid launched in July.
Chinese manufacturing gauge drops to 14-month low.
World’s No.1 diamond miner will let buyers refuse some lower-quality stones, just as it gets ready to begin selling synthetic stones.
The Central Asia-focused explorer and developer said Tulkubash’s measured and indicated resource is now over 1.4 million ounces of gold, while the grade also rose 57% to 1.35g/t gold.
Guatemala's highest court ruling says mining operations will be suspended until government carries out consultation of the local indigenous people.
This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.
The year-to-date gain is 16.6 per cent, and the metal used to power nuclear reactors is on track to record a second annual increase.
Temporary suspension of mining activities comes after about 100 people trespassed and demanded payment for alleged environmental impacts of the operation on their community.
The Toronto-based miner, which is developing a large untapped gold deposit in a remote part of Northern Ireland, will seek final approval of the transaction by the Ontario Superior Court of Justice early next week, with the deal expected to close on or about Sep.7, 2018.
Utah holds the largest reserves of oil sands in the United States, but up until now, no company had the technology to exploit these vast resources.
Ruling effectively halts construction of the 1,150-kilometre project indefinitely.
The mine and processing complex, in operation since 1997, will be placed on care and and maintenance by year-end.
The company said five holes had been dug on top of a pipeline carrying a solution of gold and cyanide.
The US miner will eventually have to invest a minimum of $3 million in Miranda Gold's Lyra project to be granted a 51% stake on it.
Canada's largest diversified miner said that before beginning the copper mine upgrade, it would have to secure a development partner able to invest $2billion for up to 30% to 40% stake in the project.