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.
Ontario Mining News
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.
The Stobie mine in Sudbury began in 1890.
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.
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.
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.
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.
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.
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.
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.
Latest high-grade intercepts for Pure Gold Mining at northwest Ontario property supports "geological re-interpretation".
Growing wait times for permits may hinder Canada's ability to take advantage of its considerable mineral potential, warn experts.
Goldcorp has announced it will permanently stop mining at its underground Dome mine, located near Timmins, Ont., as of this summer.
Two of Canada’s stronger mid-tier gold producers were out of the gate today with positive 2015 production reports.
The study ballparked at $10 million is expected to take less than a year, and could revive interest in the much-maligned chromite deposit.