Osisko Mining unveils maiden resource estimate for Windfall Lake

Mine developer Osisko Mining has published the first resource estimate for its fully-owned Windfall Lake project, in Quebec’s Abitibi greenstone belt, outlining about 2.8-million gold ounces in the... 

Callinex jumps 35% on viable combined Nash Creek, Superjack PEA

Base metals-focused Callinex Mines has made public the results of a preliminary economic assessment (PEA) examining the production of zinc from the combined 100%-owned Nash Creek and Superjack... 

Barrick, Goldcorp to convert Pueblo Viejo power plant to natural gas

Barrick Gold and Goldcorp’s Pueblo Viejo Dominicana Corporation (PVDC), in the Dominican Republic, will convert the Quisqueya I power generation facility from heavy fuel oil (HFO) to natural gas,... 

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing

Pureplay zinc producer Trevali Mining has reported adjusted earnings a share of $0.04, missing average analyst earnings forecasts by a penny, on lower-than-expected sales from the Perkoa mine, in... 

More agile Sherritt focused on building ‘cycle-proof’ balance sheet

Canadian diversified miner Sherritt International is focused on further strengthening its balance sheet, with a view to building a “cycle-proof” balance sheet as Class I nickel and cobalt prices... 

Silver miners report solid results

Canadian silver miners Americas Silver and Excellon Resources have reported strong operational improvements during the first quarter ended March 31, as both companies navigate the dithering silver... 

Streaming firms reward shareholders with rising dividends on strong Q1 earnings

Shareholders of some of the most prominent Canadian precious metals streaming firms have been rewarded with rising dividends on the back of strong first-quarter earnings results. Precious metals... 

Pre-construction work gets under way at Nevada Copper’s promising Pumpkin Hollow

The proponent of what will probably be North America’s next new copper mine development, Nevada Copper, has signed a pre-works agreement with Cementation USA and secured key long-lead time items,... 

Gold investment seen critical in managing emerging market portfolio performance – WGC

Gold is a proven store of value, especially for its role in safe-haven investment in times of geopolitical crises, but according to new analysis from the World Gold Council (WGC), the yellow metal... 

Corsa Coal rallies as sales, revenues jump

TSX-V-listed metallurgical coal miner Corsa Coal has reported an 89% jump in first-quarter coal sales, helping to lift revenues 54% year-on-year, as strong export shipments and price realisations... 

New Gold appoints former Rainy River executive as CEO

TSX-listed gold producer New Gold has appointed the former CEO of Rainy River Resources – which New Gold bought out in 2013 – Raymond Threlkeld to succeed Hannes Portmann, who has left the company... 

Pipeline impasse to cost Canada C$15.8bn this year

Canada can expect to incur up to C$15.8-billion in lost revenues this year because of pipeline capacity bottlenecks in the country, and fervent opposition to building new pipelines that can open... 

Midas jumps on Barrick’s strategic backing

The TSX-listed equity of Midas Gold jumped nearly 19% following an announcement by Barrick Gold that it will increase its position in the company to 19.9%. Barrick sees the investment as a... 

Kinross reports knock-out Q1 profit

Canadian multinational gold producer Kinross Gold has reported a 435% jump in headline profit for the three months ended March 31, as 30% higher year-on-year margins and a decrease in depreciation,... 

400% price hike prompts Energy Fuels to restart vanadium recovery at White Mesa

A 400% rise in vanadium pentoxide (V2O5) prices over the last 24 months has prompted US-based uranium producer Energy Fuels to resume vanadium recovery operations at its flagship White Mesa mill,... 

Fura unearths exceptional 25.97 ct rough emerald in Colombia

Dubai-based precious gem producer Fura Gems has recovered a 25.97 ct rough emerald at its Coscuez Colombian emerald mine. Fura said in a statement on Tuesday that it believes the emerald to be rare... 

Shell sells out of Canadian Natural position for C$4.3bn

British–Dutch multinational oil and gas company Royal Dutch Shell has agreed to sell its entire stake in Calgary, Alberta-based company Canadian Natural Resources in a deal valued at about... 

Nevsun cites inadequate value, problematic structure in rejecting proposal

Base metals miner Nevsun Resources has publicly broken its silence on the announced C$1.5-billion takeover proposal led by Euro Sun Mining and supported by Lundin Mining. The miner issued a... 

Taxpayers federation to seek intervenor status in pipeline, carbon tax lawsuits

The Canadian Taxpayers Federation (CTF) will seek standing as an intervenor in two upcoming court reference cases launched by the governments of British Columbia and Saskatchewan. In British... 

Nutrien, Mosaic report big misses on Q1 earnings; ups FY2018 profit guidance

A late start to the spring season across North America and west coast rail performance issues were the main contributors to a disappointing first quarter for plant fertiliser major Nutrien, the... 

Seabridge closes C$19.7m KSM flow-through financing

TSX- and NSYE-listed project developer Seabridge Gold has closed a C$19.7-million private placement of flow-through shares for exploration this year at its KSM gold/copper project, located 65 km... 

Nevsun snubs C$1.5bn Lundin Mining, Euro Sun proposal 4 times

Canadian base metals producer Nevsun Resources remained mum on Monday regarding a C$1.5-billion unsolicited proposal disclosed by suitors Lundin Mining and Euro Sun Mining. Toronto-based Lundin... 

Wealth Minerals switching gears from project accumulation to exploration

The largest holder of Chilean lithium brine assets Wealth Minerals expects to have a drill turning in the ground at its Trinity project before month-end, the company announced on Monday. The... 

Namibia Rare Earths stock jumps on Kunene cobalt/copper campaign

The TSX-V-listed stock of Canadian explorer Namibia Rare Earths (NRE) on Monday jumped nearly 20% to C$0.335 a share following news that the company is gathering momentum with a planned exploration... 

Largo profit takes off as vanadium prices spike

A 164% spike in vanadium pentoxide (V2O5) prices over the past 12 months has resulted in Canadian producer Largo Resources swinging back into the black for the first three months of 2018, the... 

IFR JV hits Tecolutla TEC-10 target in Mexico

Calgary-based oil and gas explorer International Frontier Resources (IFR) announced on Monday that its joint venture Tonalli Energia has reached the intended depth for its first evaluation well on... 

Canadian feds to intervene in BC reference question

Ottawa announced on Thursday that it will intervene in the constitutional reference case filed by the government of British Columbia under the British Columbia Constitutional Questions Act. “We are... 

Ivanhoe’s Platreef Shaft 1 project reaches depth of 750 m

Blockbuster mine developer Ivanhoe Mines has reached a significant development milestone at its Platreef platinum/palladium/ gold/nickel/copper discovery on the northern limb of South Africa’s... 

66 more days to resolve dam failure dispute

A Brazilian federal court has given mining giants BHP and Vale an additional 66 days to resolve a multibillion-dollar settlement regarding their joint venture Samarco mine’s tailings dam failure in... 

Tahoe breathes sigh of relief as La Arena strike settles; Escobal remains shuttered

TSX- and NYSE-quoted Canadian precious metals producer Tahoe Resources expects operations at its La Arena mine, in Peru, to return to normal within 48 hours, following a wildcat strike by about 65%... 

NexGen gains on two new discoveries, exploration progress

Vancouver-based uranium explorer NexGen Energy has reported the scintillometer results for 54 winter drill holes comprising 30 208 m from its flagship Rook I project, in Northern Saskatchewan’s... 

Update – 5 of 13 saved after seismic shock at Sibanye-Stillwater mine

One miner has died and two injured miners have been brought to surface after 13 miners went missing following a fall of ground that was triggered by a seismic shock at Sibanye-Stillwater's... 

Hudbay posts wider profit

Base metals producer Hudbay Minerals has reported a strong 314% improvement in first-quarter net profit to $41.4-million, or $0.16 a share, which came in below average analyst estimates of $0.18 a... 

Comparatively high exploration spending belies sagging discovery rate – S&P Global

Despite exploration budgets remaining at comparatively high levels in the past decades, geologists have only been able to find a fraction of the gold ounces they discovered in the preceding 18-year... 

Centerra pulls trigger on Öksüt construction; Q1 headline earnings fall 76% on lower sales

Canadian gold producer Centerra Gold has started construction of the Öksüt gold project, in Turkey. The Toronto-headquartered miner received the last outstanding pastureland permit in January,... 

Kirkland Lake triples Q1 headline earnings as sales, prices rise

Midtier gold miner Kirkland Lake Gold has more than doubled its first-quarter earnings as higher output and revenue dovetailed with lower production costs and reduced depletion and depreciation... 

Alamos earnings rise as Island Gold outperforms

Miner Alamos Gold has swung back into the black for the first quarter, mainly as a result of a better-than-expected performance from the recently acquired Island Gold mine, in Ontario. For the... 

Kirkland Lake looks towards Australian Union Reefs revival; visible gold near Fosterville

Triple-listed Canadian miner Kirkland Lake Gold has reported strong drill results from the Union Reefs project, located in Australia’s Northern Territory, the company announced on Monday. Four... 

Northwest Territories gets shortest end of straw as mining boosts Nunavut, Yukon economies

A lack of new mining projects in the development pipeline of Canada’s Northwest Territories (NT) is threatening to derail the region’s economic growth outlook, the latest ‘Territorial Outlook’ by... 

Captive Canadian miners decry minister’s move on Bill C-49

Canadian miners are voicing frustration and concern over the federal government’s removal of a Senate amendment relating to final offer arbitration (FOA), and with its modification of an amendment...