Canada Mining News

Eldorado Gold risks missing 2017 guidance over issues with Turkish mine

It now expects to produce at least 180,000-210,000 ounces of gold this year at Kışladağ, which brings Eldorado's full-year guidance down from 365,000-400,000 ounces to 315,000-365,000 ounces.

Quebec's economy benefits from Canada's oil sands: study

The study found Canada's oil sands had a substantial impact on Quebec's economy in terms of employment, gross domestic product (GDP) and tax revenue, in a 12-month period between 2014 and 2015.

New Gold on track to open Ontario mine in September

Once at full-tilt, Rainy River mine is expected to generate an average of 325,000 ounces of gold a year.

Search for two workers trapped at Mandalay’s mine in Chile fails

Both authorities and the Canadian miner company have officially ruled out possibility of finding them alive.

A new Yukon gold play

The Yukon is now one of the hottest jurisdictions globally for gold exploration.

Is there still hope for higher oil prices?

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared.

Canada’s Zonte Metals sues Colombia over gold permit rejection

The junior miner claims the Department of Antioquia's mining authority did not process its exploration application in accordance with the country’s mining code.

Fiscal for two missing miners in Chile expects to learn the truth of what happened in Mandalay’s mine

One of the authorities involved in an investigation into Mandalay's mine accident earlier this month says at this point what matters is to learn the truth of what really happened.

New Brunswick tungsten-moly mine gets environmental green light

Canada could be back to producing tungsten again following the closure of the country's only tungsten mine in late 2015.

Junior miner cracks a strategic tough nut in British Columbia

The acquisition of the Toughnut Project in British Columbia would provide strategic access to the Silver King Shear Zone adjacent to the explorer's existing properties.

Cobalt 27 aims to tap electric car revolution with $150m IPO

Minerals company Cobalt 27 Capital Corp made its debut on Canada's Venture Exchange on Friday, raising C$200 million in a listing that offers investors exposure to cobalt, a key metal for batteries in electric cars.

SolGold up on Ecuador project results, Canada listing

Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.

Chilean experts confirm Mandalay’s mine fully flooded, including trapped workers shelter

Chances of finding the missing workers alive are almost nil, they say.

Potash Corp. and Agrium merged firm to be called Nutrien

The firm will be world’s largest potash miner and No.2 nitrogen fertilizer producer.

K+S Potash Canada ready to serve North American market as new domestic rail cars are delivered

Today, K+S Potash Canada (KSPC) is pleased to accept their first domestic rail cars built by National Steel Car (NSC) in Hamilton, Ontario, the same manufacturer that produced the company’s international fleet last fall.

Quebec explorer raises $4M, welcomes Eric Sprott and Osisko Mining as significant shareholders

Exploration on its Quebec property is up next for this junior after raising money from some prominent players, says The Critical Investor in this company update.

Goldcorp partners with FLSmidth to eliminate conventional slurry tailings dams

FLSmidth will be working with Goldcorp to develop EcoTails™, a new system to dramatically improve tailings and waste rock disposal.

Goldcorp sells Camino Rojo gold-silver project in Mexico to Orla Mining

The asset, in the state of Zacatecas, is located about 50 kilometers (31 miles) from Goldcorp’s flagship Peñasquito mine.

Cenovus CEO to retire as company sells up to $5bn in non-core assets

News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.

Japan’s Sumitomo Metal becomes IAMGOLD partner in Canadian project

With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion.

Small-cap mining stocks, big-time opportunity

It’s a buyer’s market—if you know what you’re looking for.

Protesters block access to Tahoe’s Escobal silver mine in Guatemala

Protest seems to be about a variety of issues, including claims that mining at Escobal is causing seismic activity in Casillas, located about 20 km from the operation.

Nickel production to grow for first time since 2013 — report

More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.

Mandalay’s mine fully flooded, trapped workers unlikely to be alive — Chile’s Army

A waterproof camera is expected to reach Monday the area where the miners are believed to have been working and where the shelter is located.

Copper-zinc VMS project changes hands for C$28.8M

A high-grade copper-zinc volcanogenic massive sulphide (VMS) project in British Columbia will now be developed by Desert Star Resources (TSXV:DSR).