Canada has “right ingredients” to be EV battery leader
Canada has a “once-in-generation” opportunity to establish itself as a major player in the global battery sector, but it needs to act fast to seize the opportunity, a new report reflecting the…
Canada
Continuous investment in R&D the fastest route from drill bit to dividend, says Osisko’s Roosen
In recent years, the Canadian federal government’s changes to environmental assessment legislation have impacted mineral exploration investment in Canada “pretty significantly,” Osisko Development Corp. (TSXV: ODV) CEO and co-founder Sean…
Centerra Gold to launch arbitration against Kyrgyzstan over Kumtor mine
Centerra Gold (TSX: CG) has initiated binding arbitration against the government of the Kyrgyz Republic in a legal skirmish over the company’s Kumtor mine. In early May, lawmakers in Kyrgyzstan…
TSX Venture down, May 10-14
The S&P/TSX Venture Composite Index fell 2.47% to finish the trading week at 931.38. Spot gold increased by US$13.20 per oz., or 0.72%, to US$1,843.90 per ounce. Filo Mining jumped $3.57…
TSX mixed, May 10-14
The S&P/TSX Composite Index fell 0.54% to 19,366.69 during the May 10-14 trading week. The S&P/TSX Global Mining Index slipped 2.25% to 113.84, and the S&P/TSX Global Base Metals Index…
Exploration at Argonaut’s Magino project yields exciting results
About four months into the planned two-year construction of Argonaut Gold’s (TSX: AR) new cornerstone Magino project in northeastern Ontario, smooth progress and encouraging new exploration results have CEO Peter…
Marathon raises $50m for Valentine project
Marathon Gold (TSX: MOZ) is raising $50 million (US$41.27 million) in a private placement to support exploration and development activities at its Valentine gold project in Newfoundland. A single institutional…
Iamgold to restart Westwood in second half of 2021
Iamgold (TSX: IMG, NYSE: IAG) has confirmed it will resume operations at its Westwood underground mine in southwestern Québec in the second half of the year. The gold mine has been…
Kirkland Lake Gold’s Detour Lake on course to be a world-class gold mine, says CEO Tony Makuch
Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) plans to transform its Detour Lake mine in northern Ontario into one of the world’s largest and most profitable good mines, says…
Mountain Province taps Dunebridge for US$33M loan
Citing “serious financial difficulty,” Mountain Province Diamonds (TSX: MPVD) has again tapped its largest shareholder for a loan, this time adding a US$33 million term loan facility to its existing…
Lundin Gold sees record production at Fruta del Norte
Canada’s Lundin Gold (TSX: LUG) has reported record gold production for the March quarter, which marked a year since its Fruta del Norte gold-silver mine in Ecuador, the country’s largest, kicked…
Canadian Gold Snapshot: Eight juniors seeking more yellow metal
High gold prices continue to make the precious metal one of the most sought after metals in Canada. Even companies with production are exploring for more. And there may be…