Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based upon the 20-day average price of the stock.
Canada Mining News
The most recent data available from the Alberta Energy Regulator — for December 2017 — shows Fort Hills at 11,525 bbls/d.
The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.
Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.
Most records of early exploration work on the property have been lost.
The Mining Association of Canada - representing firms including Barrick Gold Corp. and Teck Resources Ltd. - expressed “profound disappointment.”
The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it was placed under judicial management last year.
Bringing the project to production is expected to take about four years, but Donlin gold project is still has a long way to go in the permitting process before construction and operations can begin.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
Pan American Silver management has engaged with the protesters in a mediation process.
The rock weighed 327 carats and it is a top white gem diamond.
Espley is very active in the mining community as a board member of MIRARCO and the Canada Mining Innovation Council.
But the Canadian company said the uranium market remained “quiet.”
If China’s Tianqi grabs a stake in Chile’s SQM, the world’s lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile’s government has said.
Auryn Resources announced that it is close to becoming a big player in the Andahuaylas-Yauri belt in southern Peru.
Agnico said it started a strategic review on selling about 2,100 hectares of the Coleman and the South Lorrain cobalt-rich properties in Canada.
While Cenovus and Husky both billed their output slowdowns as temporary, the first-quarter hiccups foreshadow shrinking gains in oil-sands production.
Oil and gas producer Cenovus Energy Inc expects Canada’s railways to be able to carry more oil in the second half of this year.
Goldcorp will acquire 14% of Quebec Precious Metals Corp. born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources.
Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.
Refinery could be working in 1-to-2 years' time.
Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation.
Project is located about 100 km south of Jwaneng, the world’s richest diamond mine.
Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million.
The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.