Canada Mining News

Eldorado cuts production guidance at Turkey mine

Gold recovery from the leach pad at the operation has lagged internal expectations.

Canadian project lifts Goldcorp reserves 26%

Goldcorp mineral reserves jump to 53.5m ounces thanks to maiden reserve at the Century project at its Porcupine mine in Timmins Ontario.

Goldcorp 3rd-qtr profit soars 88 pct on income tax gain

Goldcorp reported 88 percent rise in quarterly profit, helped by increase in company's income tax recovery and higher earnings from its Peñasquito mine.

Barrick cuts 2017 production guidance again

World's number one gold producer swings to loss during third quarter.

Barrick Gold's Tanzania deal may set expensive precedent

Shareholders argue Barrick decision to hand Tanzania 50 percent of "economic benefits" from Acacia's mines may set baseline for future host nations' demands.

Juniors oppose Barrick’s plans to turn an old mine into a ski resort

"Barrick must be stopped!", a junior miner wrote.

Barrick Gold’s nickel mine could become a ski resort

The complex would be called the Giant Nickel All Season Resort.

UNEP urges mining companies to better manage tailings facilities

The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk.

Cenovus sells Palliser oilfield for $1.3 billion

Cenovus Energy (TSX, NYSE:CVE) last week unloaded another key asset.

New tool helps industry collect and share geoscience data

PDAC gearing up to launch Exploration Assessment Digital Data Formats guidelines, a practice expected to improve Canadian mine exploration discovery rates.

Acacia Mining takes further revenue hit, reviews Barrick-Tanzania deal

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.

Canadian company announces plan to open cobalt mine, refinery in east Idaho

Total initial capital cost is estimated at $187 million with additional sustaining, reclamation and closure costs of $101M totaling $288 million.

Barrick to give Tanzania stake in mines, $300 million to end dispute

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.

Canadian Mining Hall of Fame welcomes four new inductees for 2018

Bob Gannicott, Ross Beaty, Terry MacGibbon and Ed Thompson to be honoured at 2018 CMHF annual dinner and induction ceremony.

Trio of firm's mines log strong performance in Q3/17

Hecla Mining Co.'s Q3 production of silver, lead and zinc exceeded BMO's expectations, whereas that of gold reached the anticipated level.

Scotiabank to offload gold trading unit

Chinese buyers are rumoured to be the key targets of the sale.

Canada's oil sands survive, but can't thrive in a $50 oil world

Canada’s oil sands producers are stuck in a rut.

First Majestic Silver output climbs

The Mexico-focused miner produced 4 million ounces of silver in the third quarter of 2017 from its six operating silver mines.

Environmental group’s office raided to collect for Enbridge

After sending court bailiffs to seize property from Stand.earth, Enbridge backed off, saying it will not seize property after all.

MGX Minerals nears completion of first commercial rapid lithium extraction system

MGX and its technology partner, PurLucid, made ground-breaking progress in treating complex brines with high magnesium content.

Gold price bull Marc Faber booted from boards for racist remarks

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.”

Proceeds from massive diamond found by pastor to go to Sierra Leone’s poorest

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.

Nexans to power the world’s largest potash mine

French firm has secured an eight-year contract to provide power cable and support services for the Mosaic K3 potash mine in Canada.

Zinc price spike sparks flurry of miner listings

The metal has doubled in prices since late 2015 and investor demands are rising for this "hot commodity."

B2Gold up on higher-than-expected production

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.