Canada Mining News

StrikePoint grabs historic Porter Idaho silver asset from Skeena

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.

Fort Hills oilsands ramp up surges over 100,000 bbls/d

The most recent data available from the Alberta Energy Regulator — for December 2017 — shows Fort Hills at 11,525 bbls/d.

Chaarat Gold offer to Centerra values Kumtor mine at $800 million

The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.

Battery metals supply crunch to slow near-term EVs growth — Moody's

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.

Western Canada miner wants new copper property in B.C.

Most records of early exploration work on the property have been lost.

Mining group sounds alarm in Canadian railway legislation fight

The Mining Association of Canada - representing firms including Barrick Gold Corp. and Teck Resources Ltd. - expressed “profound disappointment.”

Halted Botswana diamond mine to be sold at online auction

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.

Barrick, NovaGold project in Alaska gets key environmental approval

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.

Why the lithium bears are wrong

What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.

Canadian miner halts operations in Peru due to community protests

Pan American Silver management has engaged with the protesters in a mediation process.

Lucara recovers another big diamond in Botswana

The rock weighed 327 carats and it is a top white gem diamond.

CIM selects Samantha Espley as its new Incoming President Elect 2020-2021

Espley is very active in the mining community as a board member of MIRARCO and the Canada Mining Innovation Council.

World’s top uranium miner Cameco back in the black

But the Canadian company said the uranium market remained “quiet.”

China says Chile move to block $5bn SQM lithium deal could be harmful

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.

Canadian junior expands in Peru

Auryn Resources announced that it is close to becoming a big player in the Andahuaylas-Yauri belt in southern Peru.

Canadian Miner Agnico to divest cobalt assets, sells gold interests

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.

Oil sands get taste of slower growth ahead as logjams hit output

While Cenovus and Husky both billed their output slowdowns as temporary, the first-quarter hiccups foreshadow shrinking gains in oil-sands production.

Cenovus says railways are ready to ease oil transportation bottlenecks

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 to pay $3.7 million for stake in newly formed explorer

Goldcorp will acquire 14% of Quebec Precious Metals Corp. born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources.

Newmont profit soars on higher gold prices, claims top bullion miner title

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.

Canada's First Cobalt eager for more after U.S. Cobalt buy

Refinery could be working in 1-to-2 years' time.

Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid

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.

Pangolin finds first diamond at Jwaneng project in Botswana

Project is located about 100 km south of Jwaneng, the world’s richest diamond mine.

Canada's Teck Resources profit rises on higher sales volumes

Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million.

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.