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.
Ontario Mining News
Major is interested in acquiring Detour.
It depends on how you measure it.
Resource industries are the backbone of Ontario's economy, representing an important source of greater living standards and well-being for all.
This program will provide qualifying businesses $0.75 per watt for solar panel installations up to 500 kW (AC).
Ontario and First Nations partners have signed historic resource revenue sharing agreements in mining and forestry – the first of their kind in the province.
GFG says this is the first ever systematic, district-scale exploration program in an under-explored portion of the Abitibi greenstone belt.
The project will connect remote First Nations in Northwestern Ontario to Ontario’s power grid and provide for savings associated with avoided diesel costs.
According to the Minister of Northern Development and Mines, the Province wants to help improve mine productivity in the region, increase operating efficiencies, and contribute to the global expansion of northern businesses.
GFG Resources now controls a total of 700 square kilometres of gold assets in Ontario and Wyoming.
The Canadian explorer will receive 350,000 common shares of RT Minerals in return.
Rio Tinto had already earned a 75% interest in the C-4-5-6 property, and it was expected to exercise its option to acquire full interest by 2019.
Agnico-Eagle, the Toronto-based company's partner in giant Canadian Malartic mine, buys the JV's exploration assets for $162m.
BaseCore Metals will be independently operated and have its own board of directors.
The Swiss commodity giant is reportedly finalizing a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty vehicle.
The transaction closed today and included the Black Fox underground gold mine, stock mill, workforce, and nearby Grey Fox and Froome development projects.
The current resource base is 1.6 million ounces of gold in the indicated category and 178,000 ounces inferred.
It's the end of an era for one of Canada's oldest and most prolific gold mines.
The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.
A plan by Pele Mountain Resources (TSXV:GEM) to mine uranium in northern Ontario while at the same time processing rare earths has fizzled.
According to the Thunder Bay Port Authority, 134,000 tonnes of potash crossed its docks into ships en route to ports in Brazil and Europe.
Timmins could see the start of another gold mine by 2018 according to the CEO of mine developer Gowest Limited (TSXV:GWA).
Richmont Mines (TSX:RIC) wants to go deeper in search of gold at its Island gold mine in northeastern Ontario, and now has a business case to back that up.
The world's second largest miner gave Pistol a $75K cash injection in an effort to own the Saskatchewan-based properties before the end of 2019.
While wew mines continue to open in British Columbia, the perceptionis that the province is no longer a welcome place for mineral exploration.