At the height of the downturn in 2014 depressed commodity prices threatened corporate profits, impelled mine closures, put shareholder returns in peril and undermined capital budgets. This combined with decreasing ore grades, deeper deposits and […]
Canada Mining News
The energy sector accounts for a significant part of Canada’s prosperity. The industry is the single largest private sector investor, employing more than 425,000 people.
It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.
Mosaic chief Joc O’Rourke also said BHP’s target of 2023 for first production looks unachievable.
Shares collapsed on the news to close almost 21% lower in London. Barrick, which has a 64% stake in Acacia, also fell in both Toronto and New York.
A hot and dry summer in British Columbia has set forests aflame, and last week the effects of Mother Nature were felt by two prominent BC mines.
The White Gold District in the Canadian Yukon territory is continuing to see movement, this time among junior gold explorers hoping to grab a piece of the action.
Early reports claimed that Tanzania had asked foreign workers of the gold miner to leave the country, but a spokesperson for the company denied that story.
If Canada's Minister of Indigenous and Northern Affairs, Carolyn Bennett, accepts the review board's decision, a project certificate could be issued before year-end.
In resuming coverage of Eldorado Gold following the acquisition of Integra Gold and its Lamaque property, BMO Capital Markets analyst Andrew Kaip looked at the impact of the move, as well as at other factors pressuring Eldorado stock.
Klondex Mines Ltd. released its second quarter operating results on July 18, reporting record production and sales.
The arbitrator has sided with miner, allowing it to move forward with the case against the Central Asian country.
Hedge fund manager says expanding into the currently over-supplied fertilizer market is just a bad idea.
Kamloops city council has voted to oppose the proposed Ajax mine — again.
The next several years will be critical to the development of the Canadian LNG industry.
Low oil prices are still causing big problems for many countries
Leagold Mining Corporation announces Q2 2017 gold production at the Los Filos Mine of 46,098 oz, which includes 43,980 oz from April 8, 2017 to June 30, 2017.
New paper interprets low-angle faulting near the world-class Sullivan zinc, lead and silver deposit.
The spin-off business would go after royalty agreements in copper, zinc, nickel and cobalt, worth more than $300 million, while looking to attract a strategic partner to fund further deals.
Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.
The US company plans to operate Dominion as a standalone business, appointing a new chief executive based in Canada.
The world's largest miner believes potash will be a $50 billion market by the late 2040s.
Company reduced waste rock dumps in response to concerns over water quality
The cash keeps pouring in to Champion Iron (TSX:CIA) and its subsidiary, Quebec Iron Ore (QIO).
It means that the miner, which had revenue of $1bn last year, will pay about $31 million extra in royalties a year.