Canada Mining News

Nemaska receives independent audit report from BBA

The results validate the company's own internal cost-to-complete construction assessment as of Feb. 13, 2019.

First Quantum surprises investors with early release of earnings

While the adjusted per-share earnings beat the average analyst estimate, revenue came in lower than expected and copper production fell 5.8% from a year earlier.

NexGen begins Rook I environmental assessment

The environmental assessment will be co-ordinated among NexGen and the two governmental bodies.

North American Palladium expands Sunday Lake with best drill results

Recent drill results include 3.22 g/t platinum, 2.08 g/t palladium, 0.23 g/t gold, 0.57% copper and 0.19% nickel over 41.2 m.

Newmont Goldcorp to halt operations at Mexico mine due to blockade

Access to its Peñasquito gold mine is being illegally block by a trucking contractor and some members of the Cedros community.

Diamond trading goes online as Lucara takes on industry Goliaths

The Canadian company is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions.

Still a way to go to achieve gender balance in the mining industry

According to the Responsible Mining Foundation, most of the companies assessed show little or no evidence of efforts to strengthen the gender balance of their leadership and governance teams.

Australia approves Cameco’s controversial uranium mine

Developing Yeelirrie, one of Australia’s biggest undeveloped uranium deposit, will depend on market conditions, said the company.

ZEN runs environmental baseline studies for Ontario graphite project

The miner is collaborating with the Constance Lake First Nation to incorporate traditional knowledge into the assessments.

Delrey to start exploring three vanadium properties in BC

The company's crew will be ground-truthing several kilometre-scale, high amplitude magnetic anomalies highlighted by a recently completed high-resolution geophysical surveys on the projects.

Coal hurts Anglo American’s Q1 production, 2019 guidance unchanged

Production dropped 6% in the quarter.

Granada successfully tests two stage gravity concentration

Mineralized material that had only 1.01 g/t gold was successfully upgraded to 67.99 g/t.

Wesdome continues to hit high grades at Kiena Deep A zone

Drilling is continuing at the Kiena mine complex in Val d’Or, with results not yet reflected in a resource estimate.

Expect cascade of mining M&A — PwC's Braunsteiner

Recent mergers and acquisitions have brought the industry back into the spotlight, after years of speculation around how the sector could regain power, PwC's Canadian Mine report notes.

Around the world, buyers' remorse sets in for costly clean power

Two decades ago, governments and utilities around the world began offering above-market rates and contracts to fuel the rise of clean energy, but now these pacts are under attack.

Newmont Goldcorp profit beats on higher production as prices fall

Chief Executive Gary Goldberg said on an analyst call the combined company is targeting production of 6 million to 7 million ounces of gold annually.

Canadian miners start 2019 off on the right foot amid mega-deals

Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.

UrbanGold Minerals to survey StarGold property in Quebec

With the support of Prospectair, the company plans to run an 809 line-kilometre electromagnetic survey.

Ivanhoe to fast-track DRC mine into production after CITIC invests $454m

This second major cash injection brings the Chinese miner's total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.

XPS, Frontier Lithium partner to pilot LiOH process

The joint project will be conducted in Canada and has commenced with a phase one bench-scale study.

Osisko Metals cut 9.4% Pb+Zn over 12 metres at Pine Point

The company has received assay results from 127 drill holes.

Maritime begins infill drilling at Hammerdown

About 3,000 metres of drilling is planned in 19 holes designed to convert inferred to measured and indicated resources.

'Land no one else wants' gets solar as coal-and-nukes era fades

Solar and wind farms are being developed or built in places not normally associated with clean energy, and in some regions long resistant to it.

ALX executes agreement to earn 51% interest in the Close Lake uranium project

ALX and Orano are on the verge of initiating a multi-year exploration program with the goal of locating a new, high-grade uranium deposit in the Athabasca Basin.

Noront updates progress at McFaulds No.8 VMS discovery

The company has completed a 2,059-metre copper-zinc focused program at the No.8 deposit.