Canada Top Stories

Tasca acquires Selish Mountain property in historic gold zone in BC

Tasca believes the historic exploration was solely focused on copper.

BC miner expands Nevada lithium project

AJN Resources says Salt Wells presents all the characteristics of…

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Teck more than doubles Q1 profits

Vancouver-based Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) reported earnings attributable to its shareholders of $461 million, or $0.78 per share. Adjusted quarterly profit was $450 million, or $0.76 per share, more than double the $198 million reported in the first quarter of 2010. Image by Teck Resources Limited

Anaconda Mining posts fifth straight quarterly loss

Canadian gold miner Anaconda Mining Inc posted a fifth-straight quarterly loss, but expenses were lower from a year-ago levels and production rose sequentially. Net loss for the third quarter was $1.9 million, or 1.5 cents a share, compared with a loss of $2.2 million, or 2.5 cents per share, a year ago.

Largest iron ore deposit in Canada gets a nod: NunatsiaqOnline

An $8.5 billion joint venture between Adriana Resources and Wuhan Iron and Steel Co. Ltd. would create the largest iron ore mine in Canada, capable of producing 50 million tonnes of iron ore over 100 years. Nunatsiaq Online reports on a preliminary economic assessment of the project released this week:

Grand Cache Coal cuts 2012 sales forecast

Metallurgical coal mining company Grande Cache Coal Corp cut its 2012 coal sales forecast as it expects production to be affected by the challenging mining conditions. The company now sees coal sales volumes of 2.2-2.4 million tonnes, down from the previous forecast of 2.4-2.6 million tonnes.

SAS declares commercial production at its Holt Mine

St Andrew Goldfields Ltd. (T-SAS), ("SAS" or the "Company") is pleased to announce that the Holt Mine has now achieved commercial production after operating for 90 days at an average daily throughput of between 450 to 500 tonnes per day ("tpd"). Operational statistics will be provided in the Company's upcoming scheduled first quarter 2011 earnings release on or about May 6, 2011. The Holt Mine and Mill are located on the eastern portion of the Company's extensive land package in the Timmins Mining District.

Silver stocks fall on Bolivian nationalisation fears

The shares in some North American silver miners fell sharply on Thursday after Bolivia's leftist government said it might rescind concessions on four mines in the country run by Glencore International Ltd [GLEN.UL] affiliates and Canada's Pan American Silver Corp (PAA.TO: Quote)(PAAS.O: Quote).

Magma completes A$20 million placement

Magma Metals Limited (ASX & TSX: MMW) (“Magma” or the “Company”) is pleased to announce the completion of an A$20 million placement of approximately 71.4 million new fully paid ordinary shares at a price of A$0.28 per share (“Issue Price”) (the “Placement”).