Ontario Mining News

Horizons launches Canada’s first uranium ETF

Units of the ETF began trading today on the Toronto Stock Exchange under the ticker symbol HURA.

Orvana squeaks out $3m profit in Q2, moves into Argentina

The company recorded net income of $3.3m on $36m in revenue during the past quarter, compared with a net loss of $3.5m on $37m in revenue during the year-ago quarter.

Eastmain reports results from Clearwater

Highlights include an intercept of 2.57 g/t gold over 14.5 metres.

Alamos Gold drills more high grade intersections at Island mine

The Island Gold mine is expected to produce between 135,000 and 145,000 oz. of gold this year.

Noront chooses Sault Ste. Marie for site of production facility

Noront owns or has interests in several projects in Ontario’s Ring of Fire.

Record earnings, free cash flow for Kirkland Lake Gold in Q1

The company's revenue grew 54% to a record $304.9 million.

IAMGOLD stock sinks over 12% as Q1 results fall short

The Toronto-based gold miner reported an adjusted net loss of $2.2m, or roughly $0 per share, falling short of analysts' expectations of $0.01 per share.

Geologist who discovered oldest water on earth wins top science prize

University of Toronto professor Dr. Barbara Sherwood Lollar awarded prestigious $1 million Gerhard Herzberg prize.

TMAC enjoys first positive earnings in Q1

Quarterly revenue was C$67.9m compared to C$33million in the same quarter a year earlier.

Kirkland Lake drills more bonanza grades at Macassa

Drilling east of the South Mine Complex has returned 118.8 g/t gold over a 2 metre core length.

North American Palladium expands Sunday Lake with best drill results

Recent drill results include 3.22 g/t platinum, 2.08 g/t palladium, 0.23 g/t gold, 0.57% copper and 0.19% nickel over 41.2 m.

Around the world, buyers' remorse sets in for costly clean power

Two decades ago, governments and utilities around the world began offering above-market rates and contracts to fuel the rise of clean energy, but now these pacts are under attack.

XPS, Frontier Lithium partner to pilot LiOH process

The joint project will be conducted in Canada and has commenced with a phase one bench-scale study.

Noront updates progress at McFaulds No.8 VMS discovery

The company has completed a 2,059-metre copper-zinc focused program at the No.8 deposit.

RNC Minerals closes C$12m bought deal financing

RNC recently made a high grade discovery at its Beta Hunt gold mine in Western Australia.

Troilus Gold makes $12m share offering

Net proceeds from the offering will be used to continue exploration and definition drilling at the Troilus gold-copper project.

First Cobalt targets Canada plant restart within 2 years — CEO

The company is reportedly in talks to supply its battery-grade product to four leading automakers.

Frontier Lithium shows depth at Spark pegmatite

The company recently drilled 1,340 metres across five holes at the Spark pegmatite zone, part of its PAK lithium project in Ontario. All five holes intersected significant spodumene pegmatite.

Great Bear goes home with NWOPA discovery trophy

The company's exploration team has won the Bernie Schnieders Discovery of the Year Award for finding high-grade gold zones at its Dixie property.

Harte Gold completes feasibility study on Sugar mine

The study demonstrated a post-tax net present value at a 5% discount rate of $266.9 million.

Warrior Gold drills Goodfish-Kirana project

To date, the company has drilled 10 holes totaling 1,522 metres.

GFG Resources discovers new gold zone at Pen project

The new find was made at the Crawford target, with drill intercepts of 21.26 g/t gold over 1.7 metres.

Production of battery grade cobalt blows up First Cobalt's stock

The restart of North America's only cobalt refinery is one step closer for Fisker-backed company.

Kirkland Lake files updated Macassa 43-101 report

Inferred resources total 610,000 tonnes averaging 16.7 g/t gold for 328,000 contained oz. of gold.

Wesdome discovers new Falcon zone at Eagle River mine

Surface exploration drilling returned 73.5 grams gold over 1.3 metres starting from 209 metres downhole and 18.5 grams gold over 5.8 metres from 170 metres downhole.