Unlike many other mines in Canada and around the world that have been put on care and maintenance in the last week because of the global COVID-19 pandemic, De Beers‘ (51%-owned) and Mountain Province Diamonds‘ (49%-owned) Gahcho Kué mine in…
DIAMONDS: Coronavirus curbs Mountain Province revenue Read More »
Yesterday, Ontario Premier Doug Ford and Quebec Premier Francois Legault both ordered the closure of non-essential businesses, effective as of midnight on Tuesday, Mar. 24. Quebec’s shutdown will last three weeks ending April 13, while Ontario…
COVID-19: Ontario and Quebec differ on ‘essential service’ definitions Read More »
As the world seemingly moves into lockdown to halt the transmission of the novel COVID-19 virus, the uncertainty and restrictions on movement are taking a toll on markets and commodities. After initially benefiting from uncertainty around the virus and…
COVID-19: Coronavirus impacts spread across mining sector Read More »
TORONTO – Last year, Wesdome Gold Mines increased production at its Eagle River complex in northern Ontario by 28% to 91,688 oz. gold while decreasing cash costs by 9% to US$621 (C$825) per oz. The company also increased reserves at Eagle…
The po…
GOLD: Wesdome grows production at Eagle River; advances Kiena Read More »
BRITISH COLUMBIA – Imperial Metals has released new results from drilling at the deep East zone at the Red Chris mine, 80 km south of Dease Lake, where it and 70% joint-venture partner Newcrest Mining are gathering data to support…
The post COPPE…
COPPER-GOLD: Red Chris deep zone returns 276 metres of 3.3 g/t gold and 1.7% copper Read More »
TORONTO – Royalty and streaming company Franco-Nevada just had its best year ever, reporting revenue of US$844.1 million on the sale of 516,438 gold-equivalent oz. Net income for the year was US$344.1 million or $1.83 per share. The final quarter……
GOLD: Franco-Nevada posts record results Read More »
After two years of growth, mineral exploration spending in British Columbia was steady last year, totalling $329 million. But while overall spending didn’t change much, the minerals targeted did, with gold exploration declining 11%, and base meta…
SURVEY: BC exploration shifts toward base metals Read More »
TORONTO – Ontario Premier Doug Ford and Greg Rickford, minister of Northern Development and Mines and Indigenous Affairs were at the Prospectors and Developers Association of Canada convention this week to announce a new agreement with two First Nation…
RING OF FIRE: Ontario to move ahead with north-south road Read More »
It’s usually difficult to find a seat at the commodities session on the opening day of the Prospectors and Developers Association of Canada (PDAC) convention held in early March in Toronto, but there was a noticeably smaller crowd at this…
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PDAC 2020: Covid-19 weighs on mining outlook for 2020 Read More »
VANCOUVER – Junior Atac Resources has unveiled an updated preliminary economic assessment (PEA) for its Tiger deposit in the Yukon, envisioning a smaller, higher grade operation with better economics compared to a previous PEA completed in 2016. The ne…
GOLD: Atac boosts Tiger economics with updated PEA Read More »
