O3 Mining shares surge on $204M Agnico Eagle takeover offer
O3 Mining (TSXV: OIII) shares soared 55% Thursday morning after it signed an agreement for Agnico Eagle Mines (TSX: AEM; NYSE: AEM) to acquire it for about $204 million. The…
Canada
Economics, not regulation, the main reason behind delay in BC’s mines, study shows
Contrary to popular perception, stringent regulation may not be the biggest factor behind the delay of mining projects in British Columbia, according to a new study published in the Royal…
Global scramble for critical minerals fuelling protectionism
A growing wave of protectionism is sweeping across 72 nations, as governments scramble to secure access to critical minerals essential for strategic industries, new research by global risk intelligence firm…
Roosen’s Cariboo gold project gets permits
Osisko Development (NYSE: ODV, TSXV: ODV) got all permits Thursday for its $588-million Cariboo gold project in central British Columbia, clearing the way for construction. The underground mine will produce…
China leads world in energy transition, Wood Mackenzie says
The world’s second-largest economy leads the energy transition and is on track to source half of its power from low-carbon energy including hydro, solar, wind, nuclear and energy storage by…
London Symposium: ‘Mining must move at the pace of business, not bureaucracy,’ Ontario’s Pirie says
Ontario’s bid to lead in the critical minerals boom in Canada is fuelled with funding increases and deregulation goals in a new mining code. Yet the province must still widen…
Ontario pension backs US$100M funding for tech firm spotting deposits from space
Australia’s Fleet Space Technologies announced Wednesday it raised US$100 million led by the investment arm of the Ontario Teachers’ Pension Plan to expand its ExoSphere exploration platform. The Teachers’ Venture…
Satellite data analysis shows copper smelting activity surged in November
Global copper smelting last month reached its highest level since February, according to a report released Wednesday that tracks smelter inactivity. Average smelter inactivity fell 2.7% from October to 13.4%…
Evergold drills high-grade antimony in B.C.
Evergold (TSXV: EVER) reported its highest-grade antimony assays yet from the DEM project near Fort St. James, B.C., putting it in the lead among juniors hunting for the critical metal…
Jaguar Mining stock plunges after tailings pile slump forces mine shutdown
Shares of Jaguar Mining (TSX: JAG) plummeted after the Canadian gold miner said Monday it was temporarily shutting its Turmalina mine in Brazil after a nearby tailings pile failure. Jaguar…
Lundin Gold lifts gold guidance, costs for Fruta del Norte
Canadian precious metals miner Lundin Gold (TSX: LUG) has revised up its gold production guidance for the Fruta del Norte (FDN) underground mine in southeast Ecuador. The company now expects to…
Centerra backs Dryden Gold with $3.4M for 9.9% stake
Ontario-focused Dryden Gold (TSXV: DRY; USOTC: DRYGF) received a boost on Tuesday after it said Centerra Gold (TSX: CG; NYSE: CGAU) will be taking up a 9.9% equity stake in…