Canada Mining News

Wheaton closes streaming deal with gold miner Sibanye

The Canadian streaming firm has bought all of Stillwater's gold production for the life of the mine and, initially, also 4.5% of its total palladium output.

Goldcorp reports net loss of $131 million in Q2

Guidance reconfirmed.

Mining-sector executives dominate top-paid list

Executives who work for companies in the mining and metals sector nabbed 44 spots on the list.

Western Potash Corp develops groundwater well for Milestone Phase I Project

Water pump test results show that the groundwater source can fully support the water requirements for the Phase I Project.

Ecuador mining reforms good news for Lumina Gold’s project

Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license.

Canada scaring mining investors with long, unclear permit processes

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

Nutrien sells stake in Arab Potash to China’s SDIC

The $502-million transaction makes the Chinese company Arab Potash's majority shareholder.

Barrick’s Dushnisky quits, becomes AngloGold new CEO

Dushnisky will join AngloGold in September, ending the search to replace Srinivasan Venkatakrishnan, who left the world’s third-biggest gold miner in April to run India’s Vedanta.

Debt financing doubles

"Not a typical financing vehicle for non-revenue generating exploration companies."

Alaskans asked for feedback on one of the world’s largest gold projects

The public is being asked to review and provide feedback on Donlin’s reclamation and closure plans.

Miramont's project in Peru may affect Indigenous communities

The company was deemed not eligible for an automatic approval of its drilling permit for the Cerro Hermoso project.

Vale to double exploration spend in Sudbury area

Vale’s Sudbury Operations will spend $42 million on exploration in the Greater Sudbury Area, doubling the company's exploration spend from a year ago.

Tesla's battery maker suspends cobalt supplier amid sanctions concern

Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba.

Equinox sells Koricancha mill in Peru to Inca Gold in $12.4 million-deal

Koricancha is located about 50km from Inca One’s own processing facility and the potential to produce 50,000 to 75,000 ounces of gold a year.

Paulson & Co to ask Detour Gold for special meeting for board overhaul

Paulson & Co has threatened to replace Detour's board if it does not successfully explore strategic alternatives, including a sale, and look for a new chief executive.

De Beers buys Canada’s Peregrine Diamonds for $81 million

Canadian firm is the sole owner of the Chidliak diamond project in Nunavut.

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

UPDATED: Paulson plans to replace Detour board, explore sale of company

Major is interested in acquiring Detour.

Trade war spills into uranium as U.S. weighs import tariffs

The Trump administration began an investigation into whether uranium imports threaten national security, a move that may lead to tariffs on the nuclear power plant fuel.

Lincoln Strategic International expands operations to Africa – Charles Matthews to lead

Lincoln Strategic International announced today the expansion of its service offerings with the launch of LSI Africa, which addresses the human capital acquisition and management issues faced by mining companies, project consultants and investors in Africa

GoGold reports parral production and sales for Quarter ending June 30, 2018

Go Gold announces sales of 382,150 silver equivalent ounces for the quarter ended June 30, 2018, which was an increase of 34% over the previous year.

Lakes, rivers near abandoned mine sites likely source of antibiotics

Canadian researches came to such conclusion after spending years examining waterbodies located within five kilometres of abandoned mine sites.

McEwen Mining reports Q2 2018 production results

McEwen Mining Inc.reports consolidated production for Q2 2018 of 36,959 gold ounces and 772,432 silver ounces, using a 75:1 gold to silver ratio.

Wheaton buys all gold, some palladium from Sibanye US mines

Streaming deal involves production from Sibanye's Stillwater and East Boulder mines, located in Montana.