Vancouver Mining News

Lucara Diamond lowers output target for the year, but pays divvy

The Canadian diamond miner now expects to produce between 265,000 carats and 285,000 carats, compared with the previously targeted 290,000-310,000 carats.

World's second-largest diamond 'too big' to sell

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Pebble mine a step closer to reality as EPA to withdraw restrictions

The agency has proposed revoking its 2014 determination banning any large-scale mine in the area where Pebble would be built on the grounds it would damage the region’s key salmon industry.

Eldorado finishes Integra Gold acquisition, expands operations in Canada

Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.

Teck Resources grabs Goldcorp’s stake in Mexican project for $50 million

After acquiring Goldcorp's 21% in San Nicolás, Canada's largest diversified miner will be the Zacatecas-based copper-zinc project sole owner.

Eldorado Gold risks missing 2017 guidance over issues with Turkish mine

It now expects to produce at least 180,000-210,000 ounces of gold this year at Kışladağ, which brings Eldorado's full-year guidance down from 365,000-400,000 ounces to 315,000-365,000 ounces.

Argentina passes mining act expected to create 125,000 new jobs

Agreement is part of plan to double investment in the sector to $25bn in eight years.

China’s Zijin pays off stake in Ivanhoe’s Congo copper project

Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.

Northern Dynasty announces Pebble Project advisory committee

Northern Dynasty Minerals Ltd. reports that its wholly-owned subsidiary, Alaska-based Pebble Limited Partnership announced today it has received commitments from five prominent Alaskan and national figures to serve as founding members of an Advisory Committee formed to provide independent, external advice as the Pebble Project advances into federal and state permitting.

Canada’s Trevali picks up Glencore zinc mines in Africa

The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.

Eldorado to take full control of Integra Gold as its expands to Canada

Move is part of an ongoing effort to strengthen its position in the home country, particularly around the gold-rich Eastern Abitibi region, in Quebec.

Lucara gets almost $18M for fragment of its massive ‘Lesedi La Rona’ diamond

The 373.7-carat diamond, sold during the Vancouver-based miner’s $54.8 million recent tender, was one of 15 large and high value diamonds offered by the company.

EPA, Northern Dynasty settle dispute over Pebble mine

Donald Trump’s Environmental Protection Agency (EPA) has injected new life into the long-stalled and controversial copper-gold-silver project near Bristol Bay, southwest Alaska.

Suncor plans to build new oil sands project in Canada

The Lewis project would be located about 25 km northeast of Fort McMurray and could eventually produce up to 160,000 barrels a day.

Argentina to pass new mining law this week

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.

Goldcorp begins friendly $247 million takeover of Exeter

Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.

Alaska approves key permit for Pebble copper-gold mine, with conditions

Permit allows Northern Dynasty to work in the area for the next 12 months, but it includes requirements for state inspections, as well as an unprecedented $2 million guarantee as back stop for exploration clean-up.

Canadians asked to weigh in on Teck’s proposed oil sands mine

The Frontier project is located 110 kilometres north of Fort McMurray, in Alberta, around 40 kilometres from the Fort McKay First Nation's reserve.

Erdene Resource moving forward with flagship project in Mongolia

While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.

Barrick, Goldcorp team up to develop one of world’s largest gold deposits in Chile

The world’s No. 1 and No. 3 gold producers will focus on developing gold mines in northern Chile's rich Maricunga belt.

Silver Wheaton may soon be named Wheaton Precious Metals

The Vancouver-based precious metals streaming company announced the plan while posting a fourth quarter revenue increase of 29% to $258 million, up from $200 million last year.

Sierra Leone pastor unearths one of the 20 largest diamonds ever found

Emmanuel Momoh found the 706-carat diamond in Sierra Leone's Kono district.

Glencore sells two Africa zinc mines to Canada’s Trevali

The $400 million-deal will make of Trevali the first pure zinc company with operations in North and South America as well as Africa.

Northern Dynasty slams short-seller report as class-suit looms

Rebuttal comes as shareholders launched an investigation over possible false and misleading statements made by the miner about its Pebble copper-gold project in Alaska.

Teck swings to profit in Q4 but misses expectations

The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.