Ontario Mining News

Glencore, Canadian teachers close to launch mining royalty firm

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.

McEwen Mining completes purchase of Black Fox complex

The transaction closed today and included the Black Fox underground gold mine, stock mill, workforce, and nearby Grey Fox and Froome development projects.

Pure Gold inches closer to production at Madsen mine

The current resource base is 1.6 million ounces of gold in the indicated category and 178,000 ounces inferred.

Goldcorp closing 107-year-old Dome mine

It's the end of an era for one of Canada's oldest and most prolific gold mines.

Goldcorp makes headway with plan to give Dome mine a new life

The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.

Pele Mountain sells uranium project to focus on lithium

A plan by Pele Mountain Resources (TSXV:GEM) to mine uranium in northern Ontario while at the same time processing rare earths has fizzled.

Most potash shipped through Thunder Bay in a decade

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.

New gold mine in Timmins by 2018: Gowest CEO

Timmins could see the start of another gold mine by 2018 according to the CEO of mine developer Gowest Limited (TSXV:GWA).

New PEA supports Richmont's plan to mine deeper at Island gold mine

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.

Rio Tinto may take over Pistol Bay’s uranium assets sooner than expected

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.

Eastern Canada now the preferred mineral exploration investment destination

While wew mines continue to open in British Columbia, the perceptionis that the province is no longer a welcome place for mineral exploration.

Vale to mothball century-old Ontario nickel mine

The Stobie mine in Sudbury began in 1890.

Explorers frustrated with waiting times for permits in B.C., the Territories

On the level of transparency in the approvals process, jurisdictions in the US, Australia and Scandinavia performed better than Canada, a fresh report by the Fraser Institute, shows.

Ontario diamond mine expansion shelved, casting uncertainty over Victor

Weeks after making the difficult decision to flood Snap Lake, De Beers could be sharpening the axe for more job cuts at a Canadian diamond operation.

Quebec gold miner surges after reserves update

Richmont up more than 12% after drilling program at producing Ontario mine increases reserves by more than a third and lifts average grades to 9.2g/t gold.

Canadian junior Pistol Bay stock just went ballistic and here’s why

Shares were up more than 45% on Tuesday mid-morning after it announced that joint venture partner Rio Tinto will start drilling for uranium at the company's asset in Saskatchewan.

Canada's gold miners to embrace green energy to control costs

Expected increased in the adoption of alternative energy sources by the country's gold sector to be boosted by recently passed regulations, such as the carbon tax.

World's oldest water found in Ontario base metal mine 

Scientists probing the deepest reaches of the Earth to find clues about the origins of life have found something unique: the world's oldest water.

Canada’s Goldcorp to make Borden an all-electric mine

The innovation is expected to eliminate all greenhouse gases associated with the movement of ore and waste rock, equal to 5,000 tons of CO2 per year.

Ring of Fire promotional video draws ire

Bikinis.

Vancouver junior off to the races on Red Lake drilling

Latest high-grade intercepts for Pure Gold Mining at northwest Ontario property supports "geological re-interpretation".

Canada’s Ontario the slowest to issue exploration permits — report

Growing wait times for permits may hinder Canada's ability to take advantage of its considerable mineral potential, warn experts.

Goldcorp closes Timmins mine amid metals downturn

Goldcorp has announced it will permanently stop mining at its underground Dome mine, located near Timmins, Ont., as of this summer.

Strong production results from Lake Shore Gold, St. Andrew Goldfields

Two of Canada’s stronger mid-tier gold producers were out of the gate today with positive 2015 production reports.

Chinese-funded study considers rail link for Ring of Fire

The study ballparked at $10 million is expected to take less than a year, and could revive interest in the much-maligned chromite deposit.