Canada Mining News

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.

Lundin gives up on Nevsun after Zijin's $1.41 billion offer

Toronto-based miner said it doesn’t intend to amend any of the terms of its bid for Nevsun, but noted it would continue to pursue strategic growth opportunities.

Canada's Nova Scotia: Worth a second look

Success breeds success and there is a great deal of exploration activity taking place in the Atlantic Canada province these days. 

Prospero secures additional investment from Fortuna Silver Mines

Prospero Silver Corp is pleased to announce that it has arranged a US$270,000 strategic investment from Fortuna Silver Mines Inc.

Pipeline plan decision may harm investment into Canada

The Federal Court of Appeal nullified the National Energy Board’s approval of Kinder Morgan Canada’s Trans Mountain pipeline expansion project.

Osisko acquires additional Gold Royalty on Barkerville’s Cariboo Gold Project in Canada

Barkerville also has the option to grant Osisko an additional 1% NSR royalty on the Property for additional cash consideration of C$13 million.

Mountain Province Diamonds results of seventh diamond sale of 2018

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

Viceroy says it's shorting Canadian miner Pretium

Arguing the company has artificially inflated the value of its Canadian gold mine, which risks being taken over by creditors in coming months.

Uranium supply crunch may be just around the corner — experts

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.

China's CITIC to be Ivanhoe Mine’s top shareholder in $548m-deal

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

Stornoway achieves full underground mine design capacity at Renard Mine

This marks the completion of the production ramp-up of the underground mine.

Orion’s $407m takeover bid for Dalradian Okd

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.

China’s Zijin to buy Nevsun for $1.41bn after Lundin takeover rejected

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.

Copper price takes another beating

Chinese manufacturing gauge drops to 14-month low.

De Beers is selling diamonds for less and the industry isn’t happy

World’s No.1 diamond miner will let buyers refuse some lower-quality stones, just as it gets ready to begin selling synthetic stones.

Chaarat Gold ups Kyrgyz Republic project resource by 46 pct

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.

Tahoe’s Escobal mine licence to remain suspended — Guatemalan court

Guatemala's highest court ruling says mining operations will be suspended until government carries out consultation of the local indigenous people.

De Beers will allow buyers to reject cheap diamonds

This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.

Uranium's rally built on supply cuts, looks overcooked for now: Russell

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.

Tahoe halts operations at its La Arena gold mine in Peru after protest

Temporary suspension of mining activities comes after about 100 people trespassed and demanded payment for alleged environmental impacts of the operation on their community.