Canada Mining News

Barrick to buy Randgold for $18.3B forming giant global gold miner

The new Barrick, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be the world's top bullion producer by both value and output.

From uranium to cobalt: A Canadian's miner strategy to diversify

From focusing on copper and uranium in Saskatchewan, Forum now wants to work on extracting a wider array of minerals in the US.

Canada’s Nova Scotia launches Research Association

Nova Scotia’s mining industry has established a new not-for-profit organization to manage its proposed Minerals Play Fairway project.

Sun Metals Corp. added to Oxygen Capital’s fold

Integrated mining development company rolls investment dice on its first major B.C. project.

Lundin lowers costs, ups reserves for Ecuador's largest underground mine

The asset, discovered in 2006, is expected to produce to 4.6 million ounces of gold over a 15 year mine life. That’s 73,000 ounces more than what was indicated in the previous estimate.

Kirkland Lake Gold almost doubles stake in Osisko Mining

The move also expands Kirkland’s ownership of interest in the Urban Barry area of northwestern Quebec, which the company believes to be “highly prospective mining camp" in Canada.

Eldorado demands $877m from Greece as compensation for permit delays

The non-judicial request relates to damages suffered by the company as a result of a longer-than-expected wait for its Skouries project's permits.

Barrick Gold seeks Chinese partners, may slash headcount: Globe

The Canadian miner may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations.

Vale celebrates completion of $1B clean AER Project

Vale’s Clean AER Project is the largest single environmental investment in Sudbury’s history.

Royal Gold resolves Voisey’s Bay royalty dispute

Altius entered into an agreement with Vale Canada Limited and certain of its subsidiaries to comprehensively settle their long-standing litigation.

Centerra copper-gold mine in Canada dodges output cuts after securing water sources

Company won’t have to cut output at its central BC-based copper-gold mine, at least for now, as it has been granted approval to use certain short-term water sources.

Lundin Mining has hefty M&A appetite for copper, says incoming CEO

Canada's Lundin Mining Corp is on the hunt for copper mines and projects and willing to spend up to $3 billion on mergers and acquisitions.

Mitsubishi, Sumitomo said to be after Teck’s Quebrada Blanca mine

Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.

De Beers officially the new owner of Peregrine Diamonds

The C$107 million-acquisition ($82m) gives the miner access to the Chidliak diamond project in Canada, which hosts at least 74 kimberlites, eight of which are potentially economic.

British Columbia coal terminal for sale – again

Ottawa recently announced renewed efforts to sell the Crown-owned terminal, Ridley Terminal, which is used to export thermal and metallurgical coal.

Yamana warns Argentina’s looming tax on exports could hit bottom line

Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country’s ailing economy.

Belo Sun license should be reviewed by Brazil federal Gov’t, court rules

The Canadian company's Volta Grande project is expected to become the South American country’s largest gold mine.

Annual zinc production at top five miners

Red dog.

GT Gold's stocks soar following drill results at Tatogga

Vancouver- based GT Gold Corp.’s (TSX.V: GTT) stock is trading at $0.75 following an announcement of a major new discovery.

Newmont can’t get enough of Colombia, buys 19.9% of Orosur

This is the third agreement with a Canadian gold miner with projects in Colombia that Newmont inked in the last 18 months.

RNC Minerals soars after striking gold in once-in-a-lifetime find

More than 9,000 ounces, or $10 million worth of gold, were recovered in a four-day period.

Anaconda Mining grows footprint in Atlantic Canada, creates ExploreCo

Anaconda has been busy trying to grow through mergers and acquisitions. Last year, it acquired its first project in Nova Scotia — Goldboro — through the acquisition of Orex Exploration. And in February, it added a new deposit to Great Northern Project in Newfoundland.

Illegal miners caused ‘little damage’ at gold mine in Costa Rica: Minister

The project was operated by Canada’s Infinito Gold up to 2013.

Tahoe resumes operations in Peru after protesters agree to talks

The Canadian miner expects annual production from La Arena mine to be near the low end of its forecast 160,000 to 185,000 ounces of gold.