Gold recovery from the leach pad at the operation has lagged internal expectations.
Canada Mining News
Goldcorp mineral reserves jump to 53.5m ounces thanks to maiden reserve at the Century project at its Porcupine mine in Timmins Ontario.
Goldcorp reported 88 percent rise in quarterly profit, helped by increase in company's income tax recovery and higher earnings from its Peñasquito mine.
World's number one gold producer swings to loss during third quarter.
Shareholders argue Barrick decision to hand Tanzania 50 percent of "economic benefits" from Acacia's mines may set baseline for future host nations' demands.
"Barrick must be stopped!", a junior miner wrote.
The complex would be called the Giant Nickel All Season Resort.
The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk.
Cenovus Energy (TSX, NYSE:CVE) last week unloaded another key asset.
PDAC gearing up to launch Exploration Assessment Digital Data Formats guidelines, a practice expected to improve Canadian mine exploration discovery rates.
Chief Financial Officer Andrew Wray said the company doesn't even have the ability to make the upfront $300 million payment Barrick has promised to the government of Tanzania as part of a deal reached Thursday.
Total initial capital cost is estimated at $187 million with additional sustaining, reclamation and closure costs of $101M totaling $288 million.
The deal does not mean Tanzania will immediately lift the demand for Barrick's subsidiary Acacia Mining to pay $190 billion in allegedly unpaid taxes.
Bob Gannicott, Ross Beaty, Terry MacGibbon and Ed Thompson to be honoured at 2018 CMHF annual dinner and induction ceremony.
Hecla Mining Co.'s Q3 production of silver, lead and zinc exceeded BMO's expectations, whereas that of gold reached the anticipated level.
Chinese buyers are rumoured to be the key targets of the sale.
Canada’s oil sands producers are stuck in a rut.
The Mexico-focused miner produced 4 million ounces of silver in the third quarter of 2017 from its six operating silver mines.
After sending court bailiffs to seize property from Stand.earth, Enbridge backed off, saying it will not seize property after all.
MGX and its technology partner, PurLucid, made ground-breaking progress in treating complex brines with high magnesium content.
But ex-Sprott, Ivanhoe, Novagold board member stands by comments: “If stating some historical facts makes me a racist, then I suppose that I am a racist.”
Over 50% of the proceeds will be used to fund clean water, electricity, school, medical facilities, bridges and roads, none of which are currently available in the village of Koryardu, where the diamond was found.
French firm has secured an eight-year contract to provide power cable and support services for the Mosaic K3 potash mine in Canada.
The metal has doubled in prices since late 2015 and investor demands are rising for this "hot commodity."
Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.