Pan American expands La Colorada deposit in Mexico
Silver producer Pan American Silver (TSX: PAAS; NYSE: PAAS) has updated the resource estimate for the La Colorada skarn deposit near its wholly owned La Colorada underground mine in Mexico’s…
2020
Lynas gets green light for waste treatment plant in Malaysia
Malaysia has approved Australian rare earths miner Lynas Corp.’s (ASX: LYC) application to build a permanent disposal facility for waste treatment, a minister said on Tuesday. The miner, the world’s…
Star Diamond reports sample results as Rio Tinto legal battle looms
Star Diamond (TSX: DIAM) has begun to receive results from Rio Tinto‘s bulk-sampling program at the Star-Orion South project in central Saskatchewan. Rio so far has processed material from four…
The Northern Miner Podcast – episode 198: Teck CEO Don Lindsay on the shift to copper, China and India, energy and ESG
This week’s episode features a wide-ranging interview with Teck Resources president and CEO Don Lindsay at the Canadian Mining Symposium on June 17, 2020. Northern Miner editor-in-chief Trish Saywell asks…
Chilean regulator threatens to shut down BHP’s Escondida for exceeding its water permit
Chile’s environmental watchdog said it would charge BHP’s (NYSE, LSE: BHP) Escondida copper mine, the world’s largest, with drawing more water than its permits allowed for nearly 15 years. The…
Kirkland Lake beats earnings estimates; reissues 2020 production guidance
Kirkland Lake Gold (TSX, NYSE: KL; ASX: KLA) on July 30 reported strong financial and operating results for the second quarter of 2020, despite disruptions caused by Covid-19. Adjusted net…
Agnico, Yamana target underground potential at Canadian Malartic
Joint-venture partners Agnico Eagle Mines (TSX, NYSE: AEM) and Yamana Gold (TSX: YRI; NYSE: AUY) will begin construction of an underground ramp at their Canadian Malartic open pit mine, 25 km…
Eric Sprott takes $10M stake in Vizsla Resources
Vizsla Resources (TSXV: VZLA) has closed a bought deal private placement for 16 million units of the company at a price of $1.87 per unit for gross proceeds of $30 million…
Centerra raises dividend after profits double
Centerra Gold (TSX: CG) announced that the company recorded net income of US$80.7 million, or 27¢ per share, for the second quarter of 2020, more than double the US$33.4 million,…
Canadian research program seeks to transform our understanding of how orebodies form
Mining is a wealth-creation industry that produces the metals and minerals essential to every sector of our economy. For instance, in 2018, Canada produced over 60 minerals and metals from…
Newmont tops profit estimates on higher gold prices
Newmont (NYSE: NEM, TSX: NGT) said on July 29 that higher gold prices helped generate significant free cash flow in the second quarter of 2020. The world’s largest gold miner’s…
Auryn Resources to acquire Eastmain in $121M all-share deal
Auryn Resources (TSX: AUG; NYSE: AUG) is acquiring Eastmain Resources (TSX: ER) in an all-share deal valued at C$121 million. The transaction will create a new firm, Fury Gold Mines,…