Stornoway's lower Q1 output belies Renard's large diamond potential

Quebec’s sole diamond mine owner and operator Stornoway Diamond Corp has reported higher prices during the first quarter ended March 31 for diamonds produced from its Renard mine, which is... 

International Frontier partnership spuds first hole at Mexican Tecolutla block

Calgary-based oil and gas developer International Frontier Resources (IFR) announced on Thursday that the first evaluation well, TEC-10, has been spudded at its onshore Tecolutla block, in Mexico,... 

Shareholders give thumbs up for Leagold/Brio merger

The shareholders of both Leagold Mining and Brio Gold have voted in favour of a friendly $264-million all-scrip offer by Leagold to acquire Brio. Brio now intends to seek a final order approving... 

Trevali Q1 output a mixed bag but in line with expectations

Zinc-focused miner Trevali Mining has reported first-quarter production that was generally in line with expectations as previous guidance had indicated a light quarter relative to the rest of the... 

Global silver output falls 4.1% in 2017, as industrial demand ramps up – GFMS

A new survey by the GFMS team at Thomson Reuters has found that global silver output had fallen 4.1% in 2017 to 852.1-million ounces. Prepared by GFMS, the report found that total physical demand... 

LG Chem cobalt deal sets tone for battery cathode market

A new deal by Korean battery manufacturer LG Chem and China’s Huayou Cobalt is expected to set the tone for the lithium-ion battery cathode market. The two partners have announced a significant... 

Barrick warns lower Q1 copper price to impact earnings

The world’s largest gold bullion producer Barrick Gold has reported a 19% drop in first-quarter gold output that totalled 1.05-million ounces for the period ended March 31. Copper output fell... 

Rio Tinto becomes first aluminium producer certified under new sustainability benchmark

Mining giant Rio Tinto has become the first company in the world to be certified under the Aluminium Stewardship Initiative (ASI) – a new benchmark for healthy environmental, social and governance... 

Canadian miners report strong Q1 production

Several Canadian miners have started publishing their production results for the three months ended March 31, reporting a strong start to the calendar year. Toronto-based Kirkland Lake Gold has... 

Canadian crude increasingly attractive for US Gulf Coast refineries as market landscape changes

Canadian crude oil could account for up to one-third of the US Gulf Coast (USGC) region’s heavy oil refining market by 2020, a new report by market research and consultancy firm IHS Markit has... 

Global trade politics cast shadow over Canadian M&A action – Oreninc

Market volatility continues to rattle the stock markets and metals commodities are alternately coming under pressure and recovering as US President Donald Trump and China stand-off over trade, or... 

Former South African President Kgalema Motlanthe joins Ivanhoe board

Former South African President Kgalema Motlanthe has joined the board of project developer Ivanhoe Mines with immediate effect, the company announced on Tuesday. In his new nonexecutive capacity,... 

Mountain Province, Kennady shareholders overwhelmingly vote in favour of merger

Overwhelming majorities of Mountain Province Diamonds and Kennady Diamonds shareholders have approved the proposed merger of the companies. TSX- and Nasdaq-listed Mountain Province said that about... 

Lithium Americas rises on Nevada Lithium project resource growth

A new technical report on Lithium Americas’ 100%-owned Lithium Nevada project has increased the compliant measured and indicated resources by about 80% over the prior 2016 estimate, establishing... 

Tahoe says La Arena fuel spill fully contained

Dual-listed precious metals producer Tahoe Resources reported on Monday that it had fully contained a fuel spill at the La Arena mine, in Peru. According to a company statement, a contractor... 

Lydian nixes Newmont’s Amulsar royalty for fixed payments

The TSX-quoted stock of Armenia-focused project developer Lydian International jumped 9.52% on Monday following the company's announcement that it has terminated a royalty agreement with former... 

US to lead global crude production as soon as 2023 – IEA

US shale production growth is expected to lift the jurisdiction to being the top oil producer globally by 2023, a report from the International Energy Agency (IEA) has shown. According to the IEA,... 

Kinross says it remains unaffected by US sanctions on Russia

Canadian miner Kinross Gold said on Monday that a fresh round of US sanctions targeting Russian State officials or connected businesses that were announced on Friday does not affect its Russian... 

ATAC, Barrick spending to top C$13m at Yukon-based Rackla gold project

In what is anticipated to be one of the largest exploration programmes in the Yukon this year, partners ATAC Resources and Barrick Gold have announced a C$13-million exploration budget for the... 

Kinder Morgan suspends Trans Mountain Expansion project as political firestorm heats up

Pipeline operator Kinder Morgan Canada (KMC) has placed non-essential activities and related spending to twin an existing crude oil pipeline between Alberta and British Columbia on ice, as... 

Orocobre Q3 production woes force 10% lower guidance

Argentinian lithium producer Orocobre lost more than 8% on the TSX on Thursday after reporting lower-than-expected lithium production in the fiscal third quarter from the Olaroz mine, as weather... 

Moody’s downgrades Eldorado credit rating

Moody's Investors Service has downgraded Canadian miner Eldorado Gold’s corporate family credit to B2 from B1, citing high geopolitical risks, limited mine diversity, and execution risks related to... 

Stronger gold price lifts global ETF inflows – WGC

Global gold-backed exchange-traded funds (ETFs) added 22.5 t of gold during March, increasing their holdings to 2 415 t valued at $102.8-billion, data provided by the World Gold Council (WGC) on... 

First Cobalt drilling traces broad cobalt mineralisation at Woods Extension Zone

Explorer First Cobalt has reported the results from its latest two drill holes from the Woods Extension zone of the Cobalt South project, in the Ontario-based Canadian Cobalt Camp, returning strong... 

Mackenzie Valley review board OKs Tlicho all-season road; a boon for Fortune

The Mackenzie Valley Environmental Impact Review Board has completed an environmental assessment of the Tlicho all-season road project, proposed by the Northwest Territories government, subject to... 

Teck lifts Quebrada Blanca Phase 2 ownership to 90%

Canadian diversified miner Teck Resources has bought out a further 13.5% minority stake in the Quebrada Blanca Phase 2 (QB2) project, in Chile, for $52.5-million in cash by acquiring private... 

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

Despite surging demand globally for all forms of energy, Canada’s oil and natural gas industry is at risk as the cumulative effect of federal and provincial policies and regulations are fast... 

Eldorado rises as Greek arbitration panel rejects State's claims

The TSX-listed equity of Canadian gold and base metals producer Eldorado Gold lifted off recent 52-week lows on Wednesday, after the company announced a favourable ruling by an arbitration panel in... 

Nautilus receives further bridge loans as SPV launches in China

Seafloor mining pioneer Nautilus Minerals continues to secure bridge financing from Deep Sea Mining Finance, with the latest advance of $3-million bringing the loans to date to $9.65-million, the... 

Alcoa transfers $555m in Canadian pension obligations, assets to 3 insurers

US-based aluminium producer Alcoa has signed agreements with three insurers to transfer about $555-million in Canadian pension obligations and related assets of its defined benefit pension plans in... 

High-grade, low-cost silver options set Americas Silver up for growth

Diversified miner Americas Silver is being cautious not to add too much silver to its zinc and lead production profile at a time when prices for the precious metal languish between the $16/oz to... 

Quebec govt sinks a further C$1.5m in Arianne Phosphate

Project developer Arianne Phosphate has received a C$1.5-million grant from the Quebec ministry of energy and natural resources for its Lac a Paul apatite project. The funding is part of the... 

Nevsun's Timok UZ PFS elevates deposit among best anywhere

A new prefeasibility study (PFS) on Canadian base metals producer Nevsun Resources’ Timok Upper Zone (UZ) copper/gold project, in Serbia, has confirmed the project as one of the best... 

Cliffs to break ground on first hot-briquetted iron plant Thursday

US iron-ore company Cleveland-Cliffs of Ohio expects to break ground on its first hot-briquetted iron (HBI) plant in Toledo on Thursday. The $700-million plant signals a strategic step change for... 

Hudbay outlines new mine plan for Constancia; global resources dip on depletion

Canadian base metals producer Hudbay Minerals has released a new technical report on its flagship Constancia mine, in Peru, which lifted the operation’s value, while also extending the mine life.... 

Power Metals prepares for spring drill programme

Exploration junior Power Metals is preparing to undertake an 8 000 m spring drill campaign on its Case Lake spodumene project, in Ontario, advising that it could increase planned drilling to 7 000... 

Initial public offerings slow during Q1 as volatility keeps investors at bay

Initial public offerings (IPOs) on Canadian stock exchanges took a breather during the first quarter of this year, as issuers and investors digest a slew of relevant factors such as the... 

Caledonia Mining hits new production record at Zim mine

LSE Aim- and TSX-listed gold producer Caledonia Mining has achieved a new production record at its flagship Blanket mine, in Zimbabwe, reporting a 11.5% year-on-year output improvement to 56 133 oz... 

Iamgold unveils maiden resource estimate for Monster Lake

Midtier gold producer Iamgold has reported a maiden resource estimate on the Monster Lake joint-venture property located 50 km southwest of Chibougamau, in Quebec. The resource estimate comprises... 

Goldcorp makes 3 000 oz ‘genesis block’ deposit as first blockchain technology used to store hard assets

Major gold producer Goldcorp has made a 3 000 oz gold deposit into Tradewind Markets’ VaultChain platform, representing a significant milestone for blockchain technology to track and store hard...