Canada Mining News

Why Robert Friedland is bullish on copper

The engine that drives his confidence comes in the form of electric vehicles.

Great Atlantic to drill for base/precious metals in New Brunswick

The company has just received a diamond drilling permit for up to 10 holes.

A candidate for 'deal of the year' in British Columbia

Very rarely I come across a junior that simply seems to tick almost all boxes, and it looks like new sponsor Kutcho Copper Corp. is doing just that.

Canadian miner expanding in West Africa

RosCan is targetting different land packages in Ghana and Mali.

TransCanada gets enough commercial support to go ahead with Keystone XL

Company said having route approval in Nebraska and the necessary commercial support for the pipeline brings it closer to a final investment decision.

Chile’s regulator orders permanent closure of Barrick's Pascua-Lama mine

Agency also cut a 2013 fine for violations to $11.5 million (7 billion Chilean pesos) from the previous $16 million it had charged Barrick Gold, but later forced to review by an environmental court.

Force Majeure at Oyu Tolgoi mine due to border protests

Measure was taken as Chinese coal haulers continue to disrupt deliveries near the border with Mongolia, the mine's majority owner Turquoise Hill said.

Torex restarts operations in Mexico despite blockade

The miner and the current operating union re-established plant access through a road used during construction.

Tahoe welcomes new Canadian Ombudsperson for responsible enterprise

Tahoe Resources Inc. welcomes the announcement today that Canada will establish the office of Ombudsperson for Responsible Enterprise.

Canada creates watchdog to oversee companies' conduct abroad

The watchdog's mandate will be to help solve disputes or conflicts between communities and Canadian companies.

Condor Gold hopes to soon kick off construction at Nicaragua project

To date, the company has invested $45 million in Nicaragua, completed over 70,000 meters of drilling on its flagship La India asset, and produced two PEAs and a PFS.

`Disastrous' deals sideline gold-mining M&A as metal rises

Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world’s major gold producers have cut back on mining deals.

Canadian companies want to extract nickel, vanadium, cobalt from petcoke

They're running a study led by Paul Watkinson, who has investigated the conversion of carbonaceous solids into gaseous and liquid fuels.

Eldorado Gold reports in-line 2017 gold production

The Vancouver-based miner revealed that, including pre-commercial production from the Olympias project in Greece, its gold production was of 285,919 ounces in 2017.

Rio’s Oyu Tolgoi mine in Mongolia hit with $155 million tax bill

Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.

GoldCorp forecasts lower costs for 2018; shares on track for nine-month high

The company's 2017 preliminary gold production of 2.6 million ounces was at the high end of its forecast range.

Despite 42-day strike, Gran Colombia surpasses 2017 production guidance

Only in the fourth quarter of 2017, the company produced 51,699 ounces of gold, up 26% over the fourth quarter of the previous year.

Canada's RNC Minerals in talks to fund battery material mine

RNC Minerals in talks with commodity traders, mine operators and financiers to secure $1bn to build world's biggest nickel and cobalt project next year.

Cruz commences operations on BC cobalt prospect

“We are very pleased to start up operations in BC... [w]e plan to be operational on multiple projects throughout 2018," the president of Cruz stated.

Tahoe cutting 250 jobs at Escobal mine in Guatemala on reopening delays

Canadian miner cited uncertainty over whether it will ever have its mining license for the operation reinstated as main reason for the layoffs.

McEwen 2017 output fails to impress, but gold prices boost shares

The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.

Chinese bitcoin miners eye sites in energy-rich Canada

China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative.

“I’m starting to see the hype in this mining cycle:” Warren Irwin

Rosseau Asset Management CEO Warren Irwin sees encouraging and warning signs in the current mining cycle.

Cobalt and 11% yields lure risk-takers to this Canadian miner

Strengthening commodity prices have spurred investors to push Sherritt’s bonds up, but skepticism is still reflected in the yield of nearly 11 percent.

First Majestic expands Mexico footprint with $320M Primero Mining acquisition

With the friendly takeover First Majestic gains Primero’s flagship asset, the San Dimas silver-gold mine, located in the state of Durango.