Stornoway lands $944M financing for Renard
Stornoway Diamond (TSX: SWY) announced in April that it had lined up a $944-million financing to build its Renard diamond mine in north-central Quebec. The binding agreement with several different…
Canada
The state of global rough diamond supply in 2014
Global production of rough diamonds in 2014 is expected to reach roughly 135 million carats valued at US$17.8 billion, an increase of 3% over last year. The world’s 50 largest…
Gahcho Kué takes shape
If you ask Patrick Evans, chief executive of Mountain Province Diamonds (TSX:MPV; NYSE: MDM), what surprised him most about the results of an updated feasibility study released in April for…
Revolution turns to Red Mountain in BC
VANCOUVER — For Revolution Resources (TSX: RV) president and CEO Robert McLeod, the company’s recent acquisition of the Red Mountain gold property in northwestern B.C. is a lot like coming home.
TSX moves up, April 21-25
Canada’s benchmark index gained during the week despite rising tensions in Ukraine, with the S&P/TSX Composite Index moving up 33 points to 14,533.57.
TSX Venture hits four-week high, April 21-25
The S&P/TSX Venture Composite Index managed a 1.5% — or 14.82-point gain — during the trading sessions before closing at a four-week high of 1,013.59 points. Gains were underpinned by rising precious and base-metal prices…
Uranerz Energy’s Nichols Ranch starts production
Uranerz Energy (TSX: URZ; NYSE-MKT: URZ) has become the newest member of a small club of uranium producers now that its first uranium mine — Nichols Ranch — received final clearance from the U.S. Nuclear Regulatory Commission and…
Abitibi Royalties offers another way to play Canadian Malartic
Not everyone is sitting on the piles of cash that Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Yamana Gold (TSX: YRI; NYSE: AUY) are contemplating spending to acquire Osisko Mining’s (TSX: OSK; US-OTC: OSKFF)…
Royal Nickel buys 25% of Sudbury Platinum for $1.5M
Toronto-based explorer Royal Nickel (TSX: RNX; US-OTC: RNKLF) has seen its shares climb more than 50% since April, when it gave an upbeat outlook on nickel prices and announced acquiring a minority interest in a private company that’s…
Orex’s high hopes for Goldboro in NS
When mining financier Willie McLucas first visited Orex Exploration’s (TSXV: OX) Goldboro project in Nova Scotia in August 2013, he was excited by what he saw: One of Canada’s earliest gold mines that could become a producer once…
Goldcorp ends fight for Osisko
Goldcorp (TSX: G; NYSE: GG) is bowing out of the race for Osisko Mining (TSX: OSK; US-OTC: OSKFF) by not amending its $3.6-billion hostile takeover offer for the junior producer and its large Canadian Malartic gold mine in Quebec.
Actlabs opens $20M facility, gears up for growth
ANCASTER, ONT. — Actlabs — Canada’s largest family owned laboratory — has opened its 200,000-square-foot global headquarters in Ancaster, Ont., to streamline its growing business.