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Newmont's Red Chris mine in British Columbia has received regulatory approvals to transition from open-pit mining to a block caving operation, extending its lifespan into the mid-2040s and creating more than 1 800 construction jobs while boosting Canada's copper production by about 15%. Hudbay Minerals has broken ground at the New Ingerbelle expansion project at the Copper Mountain mine, which is projected to produce about 750 000 t of copper, 900 000 oz of gold and 5.5-million ounces of silver over the life-of-mine while securing more than 800 full-time jobs beyond 2040.
Seabridge KSM work continues as court orders fresh indigenous consultationThe Supreme Court of British Columbia has found that the Environmental Assessment Office's determination that Seabridge Gold's KSM project was substantially started was reasonable, but has ordered a 90-day consultation period with the Tsetsaut Skii km Lax Ha before the office reconsiders the determination. Seabridge has incurred an additional $208-million of expenditures on permanent works at KSM since January 2024, bringing total expenditures to $1.2-billion, and work will continue during the consultation process.
Osisko raises $300-million for Cariboo gold project developmentOsisko Development has closed offerings totalling $300-million in convertible senior notes at a 4.125% coupon to support development of the Cariboo gold project in central British Columbia, which is expected to produce 1.89-million ounces of gold over a ten-year mine life. The company will also propose a name change to Osisko Gold Group at its 23 June annual general meeting to better reflect its evolution toward a primary gold and precious metals-focused asset base in North America.
British Columbia Updates
US-based lithium and rare earths exploration company Lithium Corporation has secured a land position covering about 13 000 acres, or 5 400 ha, that is prospective for rare earths mineralisation at...
Global gold miner Newmont said on Friday its Red Chris mine in British Columbia has received crucial regulatory approvals, paving the way for a transition from open-pit mining to a block caving...
TSX- and NYSE-listed copper miner Hudbay Minerals has broken ground at the New Ingerbelle expansion project at the Copper Mountain mine, in British Columbia. This marks a significant milestone for...
Canadian-based gold miner Centerra Gold intends to restart the past-producing Kemess gold/copper operation in British Columbia.
Canadian integrated oil and natural gas company Cenovus Energy CEO Jon McKenzie said Tuesday Alberta's proposed one-million barrel-per-day pipeline to British Columbia's Pacific coast cannot be...
British-Australian multinational mining company Rio Tinto is increasing its yearly community investment commitment in Canada by 30% through the Rio Tinto Canada Fund (RTCF), bringing total yearly...
TSX- and NYSE-listed Seabridge Gold has successfully closed the spin-out of its Courageous Lake gold project into a newly listed entity, Valor Gold Corporation, after receiving approval from the...
NYSE- and TSX-V-listed Osisko Development Corporation has nominated Keith McKay for election to the board of directors and advised that nonexecutive director Duncan Middlemiss will not stand for...
NYSE and TSX-listed Osisko Development expects net proceeds from its recently offerings to be $290-million, which it will use to cover capped call transactions ($40.2-million) and development of...
TSX-V-listed TDG Gold Corporation has initiated a preliminary economic assessment (PEA) for its 100%-owned Shasta gold/silver project in the Greater Shasta-Newberry area of the Toodoggone district...
With copper recently reaching all-time high prices of $6.60/lb, Vancouver-based Vizsla Copper Corporation says the market is recognising the growing importance of new copper discoveries and...
Finnish industrial machinery company Metso has inaugurated its expanded service centre and new training centre in Mesa, Arizona, which strengthens support for customers based in southwest US. The...
Osisko Development has announced $275-million worth of convertible senior notes due in 2031 in a private placement to institutional buyers.
Canada and Germany’s State-owned energy firm SEFE said on Wednesday they had reached what Canada described as its first liquefied natural gas (LNG) supply deal with a European buyer, underscoring...
Analytics platform Stormlands Mining has published a new independent case study on the MPD project, in British Columbia, using its AI-first mining valuation platform to model the project economics...
TSX-V-listed World Copper has garnered conditional approval from the stock exchange to spin out its interests in Chilean subsidiaries to a wholly-owned subsidiary of the company, with shareholders...
TSX- and NYSE-listed Taseko Mines has proposed a name change to Trekor Metals to reflect its growing business and expanded asset in North America. The company will garner shareholder approval for...
Defense Metals has started a confirmatory pilot flotation plant test programme, which will be conducted at the SGS Canada metallurgical facility in Lakefield, Ontario.
NYSE and TSX-listed Osisko Development has announced $275-million worth of convertible senior notes due 2031 in a private placement to institutional buyers. The 4.125% senior note proceeds will...
The Canadian Stock Exchange (CSE) has welcomed its newest critical minerals exploration company Purecore Metals. The company is building a critical minerals portfolio aligned with long-term trends...
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