Canada Mining News

White Tiger Gold and Century Mining combination gets a green light from Canadian regulators

The combination of White Tiger Gold (CVE:WTG) and Century Mining received approval on Wednesday from the Government of Canada under the Investment Canada Act. Century Mining will become an indirect subsidiary of White Tiger. "We appreciate the approval given by the Government of Canada. We are now one step closer to creating a larger, more diversified gold mining company with multiple properties in various stages of production and development in Canada, Russia, and Peru" said Daniel Major, President and Chief Executive Officer of Century and Dr. Geoffrey Cowley, Chief Executive Officer of White Tiger in a joint statement.

Jacobs receives contracts for Alberta oil sands projects: Combined construction value of more than $1.4 billion

Jacobs Engineering Group Inc. JEC +3.06%announced today that it received new contracts in the fourth quarter of fiscal 2011 from seven clients in the Alberta Oil Sands to support steam assisted gravity drainage (SAGD) and bitumen upgrading expansion projects. Officials estimate the combined total construction value of the awarded projects at more than $1.4 billion. Project scopes include engineering procurement and construction (EPC), front end engineering and design (FEED), fabrication and construction management (CM) on a variety of mid- and large-cap projects.

Uranium North Completes Drilling on the Mallery Gold/Silver Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2011) - Uranium North Resource Corp. ("Uranium North" or the "Company") (TSX VENTURE:UNR) announces the completion of the 2011 drill program on the Company's 100% owned Mallery project in...

First Majestic's Q3 silver production 4% lower

First Majestic (TSE:FR) announced that its Q3 silver production was 4% lower from the prior quarter and 6% lower from the same quarter in 2010. The company produced 1,708,865 silver ounces in Q3 compared to 1,780,379 in Q2. In early morning trading, the company's stock was up 20 cents to $17.69 a share. The company believes that silver production should increase due to operational improvements at La Parrilla, its Mexican mine. First Majestic completed a new 1,000 tpd flotation circuit, which will replace an old 425 tpd flotation circuit and will allow silver production to ramp up in the fourth quarter.

Globex Intersects Wide Zones of Manganese and Iron at its Woodstock New Brunswick Property

ROUYN-NORANDA, QUEBEC, CANADA--(Marketwire - Oct. 12, 2011) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to provide shareholders with the assay results of two drill holes, undertaken on our manganese-ir...

IronOne Inc. reports analytical results up to 60.5% iron from surface sampling of iron formation outcrops on the Lac Virot project, Labrador

TORONTO, ONTARIO--(Marketwire - Oct. 12, 2011) - IronOne Inc. ("IronOne" or the "Company") is pleased to announce that it has received analytical results from a reconnaissance mapping and surface sampling program on its Lac Virot project, ...

REE Results from Kirrin's Grevet Property Include 20% TREO

CALGARY, CANADA--(Marketwire - Oct. 12, 2011) - Kirrin Resources Inc. (TSX VENTURE:KYM) today announced analytical results from the second round of sampling at its Grevet REE property in northwestern Quebec. These include 20% total rare ea...

Portage Commences Drilling at Golden Pike, New Brunswick Where Drill Results Include 43.07 g/t Gold Over 13.0 Metres

ST. ANDREWS, NEW BRUNSWICK--(Marketwire - Oct. 12, 2011) - Portage Minerals Inc. ("Portage or the "Company") (CNSX:RKX) today announced diamond drilling on its Golden Pike property (the "Golden Pike Property") has commenced. The drill prog...

Midland Exploration and Aurizon Mines Resume Drilling on the Patris Gold Property

MONTREAL, QUEBEC--(Marketwire - Oct. 12, 2011) - Midland Exploration Inc. ("Midland")(TSX VENTURE:MD) is pleased to report that ground-based geophysical surveying and diamond drilling, conducted in partnership with Aurizon Mines Ltd ("Auri...

Anglo American completes acquisition of PRC

Anglo American has acquired 100% ownership of Peace River Coal (PRC), through the acquisition of the remaining 25.17% interest in PRC for a total value of $166m. PRC located in British Columbia, Canada, comprises of trend metallurgical coal mine and...

Kirkland Lake Gold Inc.: Fiscal 2012 First Quarter Financial Results; Gold Production Expansion on T

Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI) ('Kirkland Lake' or the 'Company'), an operating and exploration gold mining company located in Ontario, Canada, announces an operations update and its first quarter financial results for its f...

Endeavour Silver's production continued to rise in 3rd quarter, 2011; revenues jumped 93% to US$38.8 million

Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK)(FRANKFURT:EJD)announced today that silver and gold production from the Company's two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State, continued to rise year-on-year in the Third Quarter, 2011. Silver production was up 8% to 858,738 ounces (oz) and gold production was up 7% to 4,926 oz compared to the Third Quarter, 2010. Revenues jumped 93% for the quarter to US$38.8 million thanks to both higher silver and gold production and higher realized metal prices.

World energy consumption will grow 53% by 2035

World energy consumption is set to grow 53% by 2035 and most of that energy will be coming from fossil fuels, according to a study by the U.S. Energy Information Administration. While energy consumption will grow slowly in the U.S. and Europe, countries like China and India that are growing their industrial base will be gobbling up more and more energy.

Agnico Eagle production is up 11%

Agnico Eagle's production (NYSE:AEM) totaled 265,978 ounces, an increase of approximately 11% over the second quarter 2011 level of 239,328 ounces due to improved performance at Kittila Mine and Meadowbank Mine. "For the first nine months of 2011, the Company produced a record 757,668 ounces of gold. This compares with the previous nine month record set in the first nine months of 2010 when gold production was 731,138 ounces," said the company in a news release. Last month Agnico Eagle acquired Grayd Resources for $275 million.

Fort McMurray floats LRT as a solution to traffic woes

Edmonton Journal reports that regional planning directors are considering LRT, light rail transport, to solve traffic jams along Highway 63. As more workers pour up north to work on the oil sands projects, workers are becoming snarled in traffic since the roads lack capacity. "[Officials] say something needs to be done about mobility issues that could impede the region's economic growth, with some estimates indicating an hour of traffic congestion costs oil companies $20,000 to $50,000."

Gold Reach Announces Additional Drill Results for Seel Including 106.4 Metres Grading 0.41 Grams Per Tonne Gold and 0.4% Copper

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2011) - Gold Reach Resources Ltd. (TSX VENTURE:GRV) is pleased to announce additional drilling results from holes 82 to 85 at the Seel deposit at the company's Ootsa Lake Property in cent...

International Lithium Drill Program Extended by 46% at Mavis Lake-Fairservice Lithium and Rare Metals Project, Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2011) - International Lithium Corp. (TSX VENTURE:ILC)(TSX VENTURE:ILC.WT) ("ILC" or the "Company") is pleased to announce the completion of drilling on the Lithium and Rare Metals pegmati...

Crystallex announces proposed private placement to raise up to US$120 million

Crystallex International Corporation (TSX:KRY)(OTCQB:CRYXF) ("Crystallex" or the "Company") is pleased to announce that a wholly-owned subsidiary (the "Issuer") proposes to complete a best efforts private placement offering (the "Offering") of up to 120,000 units (the "Units") at a price of US$1,000 per Unit for aggregate proceeds of up to US$120 million. Each Unit will consist of one face value US$1,000 principal amount senior secured note (the "Notes") bearing simple interest at a rate per annum to be determined payable on maturity or redemption and one contingent value right (the "CVRs").

Shear Diamonds recovers first 200 carats at Jericho, Nunavut

Shear Diamonds Ltd. (TSX VENTURE:SRM) today announces the recovery of the first 200 carats of diamonds from trial tests performed in the recently restarted recovery portion of Shear’s 100% owned Jericho Diamond Mine, Nunavut. In addition Shear has completed a new geological interpretation and 3- D Model for the Jericho Kimberlite Complex.

Keystone outrage now centred on Obama cronyism

Ever since Friday's New York Times report saying the US State Department assigned an important environmental impact study of the Keystone XL pipeline to Cardno Entrix, a company with financial ties to the pipeline operator TransCanada, in contravention of federal law, opponents of the project have shifted the focus of their opposition to allegations of conflict of interest and corruption. Two prominent names on the political left and in the green movement Naomi Klein and Bill McKibben put it most bluntly: Obama's plan to transport oil from Canada to the Gulf Coast reeks of cronyism and it is quite possibly the biggest potential scandal of the Obama years. TransCanada officials meanwhile appear to have been caught off guard by the vociferous protests that weeks of Keystone hearings that ended on Friday have elicited, pointing out that TransCanada won approval for a similar pipeline three years ago with little opposition.

Venezuela faces fresh $3.8 billion claim over nationalized gold mine

The International Center for Settlement of Investment Disputes has advised Crystallex International Corp. that proceedings in its $3.8 billion case against Venezuela for nationalizing gold-mining assets has begun. The Toronto-listed company's main asset is its interest in the Las Cristinas gold project located in Bolivar State, Venezuela. Crystallex also holds interests in the Tomi and La Victoria mines in Venezuela and on Friday closed down 70% from its 52-week high. The stock was delisted in from the New York Stock Exchange earlier this year. Toronto-listed Rusoro is the only large producing gold miner operating in Venezuela and the country does not feature in the top 20 global gold producing states.

Debate over Keystone more 'ideological' than practical

As the US State Department holds its final public hearing today on the controversial Keystone XL pipeline, one observer notes that the debate between the pipeline's supporters and detractors is being framed in more ideological terms than in a manner that actually weighs the pros and cons of the project:

Rejecting Keystone would be a huge policy blunder: Graham

Senator Lindsey Graham, a senior Republican senator representing South Carolina, urged the Obama administration to support the Keystone XL oilsands pipeline. Graham, who was speaking at a political event on Wednesday, said that if the U.S. rejects the pipeline, it would be ". . . one of the biggest energy policy blunders in our history." The senator said that the pipeline has the potential to create thousands of jobs, and rejecting the development would have serious consequences for Obama's chances at re-election.

Sandstorm Gold Provides Third Quarter Production Update For Luna Gold's Aurizona Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2011) - Sandstorm Gold Ltd. ("Sandstorm") (TSX VENTURE:SSL) is pleased to announce that gold production at the Aurizona Mine, operated by Luna Gold Corp. ("Luna") (TSX VENTURE:LGC), amount...

Canasia doubles rare earth acreage in Quebec

Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINK SHEETS:CANSF)(FRANKFURT:45C) wishes to announce that it has increased its rare earth acreage in the vicinity of the Eldor Discovery in Quebec. 3,600 additional acres were acquired through Gestim, which now brings Canasia's total to 7,198 contiguous acres prospective for rare earth. On September 28, 2011, Canasia announced that the bulk sample program on the Clone Gold Prospect had been completed for the 2011 season.