Paladin shares sink as it cuts uranium output
The uranium miner revised down its production forecast for the Langer Heinrich mine in Namibia.
Canada
Suitors circle American Eagle Gold as South32 takes 19.9% stake
South32 (ASX: S32) is shelling out $29.2 million for a 19.9% interest in American Eagle Gold (TSXV: AE), which is in the third year of drilling at its NAK copper-gold discovery in…
Ascot seeks TSX exemption for $52M financing to revive Premier
Ascot Resources (TSX: AOT; US-OTC: AOTVF) said on Monday it’s applied to the Toronto Stock Exchange for a financial hardship exemption with respect to its recently proposed financing for its Premier…
Fasken named global mining law firm of the year
Fasken has received two awards at the Lexology Index (formerly Who’s Who Legal) Awards in London. For the 16th time, the firm was recognized as the world’s top Global Mining…
Uranium Energy’s Roughrider project in Saskatchewan valued near $1B after $150M buy
Uranium Energy‘s (NYSE-A: UEC) Roughrider project in northern Saskatchewan aims to be a high-margin producer with one of the lowest capital spending profiles in Canada, according to an initial economic…
Ross Beaty to receive TNM’s lifetime achievement award
Ross Beaty flipped the laptop around and pointed its camera to the sea. “That’s a whale-watching boat,” the veteran mining entrepreneur said from Bowen Island near Vancouver. “There’s been a…
Osisko Development’s Cariboo gold project faces legal threat as Xatśūll demand consent
The Xatśūll First Nation may sue the British Columbia government and Osisko Development (TSXV: ODV; NYSE: ODV) if its concerns aren’t addressed in the permitting process for the Cariboo gold…
Federal watchdog snaps at climate, Indigenous gaps in Ottawa’s critical minerals strategy
Canada’s auditor general criticized the federal critical minerals strategy for not adequately probing the impact increased mining will have on the environment and Indigenous communities. The government program issued in…
Gahcho Kué diamond mine earnings fall in ‘disappointing’ market for De Beers JV
Mountain Province Diamonds (TSX: MPVD) says its third-quarter earnings fell and mine operations swung into a loss as costs rose and grades dropped at the Gahcho Kué joint venture with Anglo…
JV Article: Wall of Water fire suppression system protects mines from raging forest fires
An Ottawa-based company has developed a new fire prevention technology for mines and exploration camps susceptible to the increasing prevalence of forest fires. The patented fire prevention technology, described by…
Equinox Gold’s Greenstone mine reaches commercial production
Equinox Gold‘s (TSX: EQX; NYSE: EQX) Greenstone mine has officially reached commercial production following the operating progress it achieved through October, the Canadian miner announced this week. The mine located…
Gold falls after sweeping Trump win boosts dollar
Gold prices fell 2% overnight after Donald Trump won the United States presidency in an election victory that swept across the nation with more support than his 2016 win. Bullion…