Most energy and mining projects 20% in the red: study
Miners and energy companies are facing average budget overruns of 15% to 20%, which puts nearly US$1.5 billion of capital invested in energy transition-related projects at risk each year through…
Canada
Lion One’s Tuvatu starts full-scale mining as drills hit bonanza Fiji gold
South Pacific-focused Lion One Metals (TSXV: LIO) has kicked off production at the Tuvatu gold project in western Fiji. It also reported a bonanza drill intercept in Zone 5, where…
Calibre expects Q2 output drop after pit wall slide, maintains full-year guidance
Calibre Mining‘s (TSX: CXB; OTCQX: CXBMF) shares closed unchanged on Wednesday after falling 4% the day before when it said second-quarter gold production will decline following a partial wall collapse…
Australia directs Chinese crit-min backers to divest
Australia has ordered several China-linked investors to sell their 10.4% holding in rare earths project developer Northern Minerals (ASX: NTU) in a move similar to Canada’s two years ago. The…
Bronze bust honours barber who struck gold
In what might be a parting gift, Newmont (TSX: NGT; NYSE: NEM) has unveiled a new statue commemorating prospector Benny Hollinger who struck gold in 1909 at what became the Porcupine…
Video: Agnico’s Hope Bay project plants another flag in Canada’s Arctic, Boyd says
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is advancing the former Hope Bay gold mine project in Nunavut as a nation-building measure in Canada’s far north by using the company’s 67 years…
Yukon mulls subsidies to help miners decarbonize: CBC
The Yukon government is considering subsidizing mining companies in the territory to help them cut emissions, according to CBC. In a submission last summer to the government’s cabinet committee…
Fission’s drilling detects high gamma rays near Saskatchewan uranium site
The first six holes of Fission Uranium’s (TSX: FCU; US-OTC: FCUUF) resource upgrade drill program on one of the zones at its Patterson Lake South (PLS) project in northern Saskatchewan…
Taseko halts BC copper mine Gibraltar as workers strike
More than 500 workers went on strike over the weekend at Taseko Mines’ (TSX: TKO; LSE: TKO; NYSE: TGB) Gibraltar copper operation in central British Columbia, following unsuccessful contract negotiations. A…
Cascadia Minerals soars on fund manager financing
Cascadia Minerals’ (TSXV: CAM) shares soared on Monday after the junior miner announced a $3.2 million private placement led by Michael Gentile, who plans to raise his stake to 9.99%…
TNM Drill Down: Red 5 hits triple-digit gold at Darlot
Our TNM Drill Down features highlights of the best gold assays of the May 24-31 period. Drill holes are ranked by gold grade x width as identified by data company Mining…
Denison plans PEA for Midwest uranium project after in-situ recovery field tests
Denison Mines (TSX: DML; NYSE: DNN) says it has completed the inaugural in-situ recovery (ISR) field test program at its Midwest joint venture project in northern Saskatchewan and plans to…