Tahoe suffers $18m Q4 loss as Escobal shutdown saga drags on

Precious metals producer Tahoe Resources has recorded an $18-million loss for the fourth quarter ended December 31, as its flagship Escobal silver mine, in Guatemala, lingers on care and... 

Centerra equity rises on strong Q4 earnings, revenue

Midtier miner Centerra Gold's TSX-listed equity gained more than 8% on Friday after it reported much stronger-than-expected earnings and revenues for the three months ended December 31. The... 

Champion Iron Ore sends off first loaded train

TSX- and ASX-listed miner Champion Iron Ore has dispatched its first loaded train of iron-ore from subsidiary Quebec Iron Ore's (QIO's) flagship Bloom Lake mine, near Fermont. The train load... 

Alberta govt accepts olive branch as BC seeks reference case on rights over oil exports

The political impasse over the much-needed expansion of crude oil export capacity from Alberta through Canada's West Coast seems to have been temporarily resolved. Alberta, which is host to the... 

Finland takes top spot for mining-friendly investment

Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser... 

Hudbay swings back into black as higher copper, zinc prices lift Q4 profit

Canadian base metals producer Hudbay Minerals has reported higher fourth-quarter earnings and sales as higher copper and zinc prices pushed the miner back into the black, the company reported on... 

Cobalt 27 buys royalty on Dumont nickel/cobalt project

Canadian cobalt investment vehicle Cobalt 27 has bought a 1.75% net smelter return royalty (NSR) on all future output of nickel and cobalt from Canadian diversified miner RNC Minerals' Dumont... 

Torex ramps up ELG throughput; reports Q4 loss

TSX-listed intermediate Canadian gold producer Torex Gold has reported a net loss of $25-million, or $0.31 a share for the three months ended December, after the flagship El Limón Guajes mining... 

OceanaGold shares rise on record output, revenues, profit

TSX- and ASX-listed gold producer OceanaGold has reported record profit for 2017, as record output and subsequent record revenues lifted the bottom line. The Melbourne, Australia-based company... 

Newmont beats Q4 earnings forecast; output on par with largest gold producer Barrick

US gold miner Newmont Mining has reported market-beating earnings for the three months ended December 31, and reported production that is on par with that of leading gold producer Barrick Gold. The... 

Barrick guides for lower output for longer as it works to bolster production profile

Major miner Barrick Gold has outlined a lower production profile in the coming years as it focuses on developing four major new projects that are expected to lift output by about one-million ounces... 

Newmont maintains steady reserve base as resources grow

NYSE-listed US gold major Newmont Mining has replaced all the gold reserves it unearthed in 2017 and managed to grow its global resource base too, it announced on Wednesday. Gold reserves now total... 

New Gold beats Q4 earnings forecast as it records record output

TSX- and NYSE American-listed Canadian gold producer New Gold has reported a headline profit of $32.5-million, or $0.06 a share for the three months ended December 31, as record gold output boosted... 

Lucara's FY17 profit dips 8% on lower sales

Southern Africa-focused miner Lucara Diamond Corp has reported an 8% drop in full-year profit as lower production and the sale of fewer special diamonds weighed on the bottom line. The... 

Pipeline delays 'impose demonstrable, substantial economic costs on the Canadian economy' – Scotiabank

The price received for Western Canadian oil will remain vulnerable to service disruptions in current transportation channels, given the excess of production over takeaway capacity up to about 2020,... 

BC extends provincial flow-through tax credit for a year; resumes fight against Canadian oil

The British Columbia provincial government has released its Budget 2018 plan, confirming that the provincial flow-through exploration tax incentive will be extended for another year until the end... 

eCobalt launches up to C$30m financing

Canadian clean cobalt project developer eCobalt has launched a C$26-million bought-deal financing. The Vancouver-based company has signed an agreement with a syndicate of underwriters led by TD... 

World refined copper deficit widens to 195 000 t – ICSG

The global refined copper balance for the first eleven months of 2017 indicates a deficit of about 195 000 t, some 27% wider than at the same time a year earlier, the latest data from the... 

Nautilus rises as vessel construction passes 75% completion mark

The TSX-listed equity of marine mining pioneer Nautilus Minerals has gained nearly 44% since the start of the year, adding about 7% on Tuesday alone on news that construction of its production... 

Athabasca exploration juniors reveal voluminous resource increases

Junior explorer Fission Uranium has reported an increase of about 30% in the total compliant indicated and inferred resources at its flagship Triple R deposit, in North-Western Saskatcewan. The... 

Sound policy, low risk key to attracting mining investment

Gobal equity markets have been extremely volatile in recent weeks, extending a frantic sell-off of US stocks, which culminated in the steepest plunge for the Dow Jones Industrial Average in... 

Tahoe lifts global gold reserves by 400 000 oz

Canadian precious metals miner Tahoe Resources has increased its global gold reserve base by about 12% or 399 000 oz in 2017, to about 3.7-million ounces of yellow metal, the company announced on... 

Canada's oil sands output to grow despite record-low investment, export bottlenecks

Canada's oil sands output is expected to continue on its upwards trajectory despite investment in the sector lagging behind historical levels, a recent report has found. Oil sands production in... 

Volatility, improving supply erase year-to-date index gains

The Materials Price Index (MPI) from Global Insight by IHS Markit has fallen back to levels at which it started the New Year, as a return of volatility shook markets again last week, dampening... 

Nautilus completes production tools sea trials in PNG

Marine mining pioneer Nautilus Minerals has successfully completed submerged trials for its seafloor production tools (SPTs), in Papua New Guinea. "The overarching objective of the trials was to... 

Sound policy, low risk key to attracting mining investment

The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in... 

Bar one exception, Canadian gold majors' Q4 headline earnings tread water on lower output

Canada's gold majors reported fourth-quarter and full-year 2017 financial results on Wednesday following market close, with headline earnings coming in flat or lower year-on-year, as companies work... 

Osisko Mining outlines C$3m work programme for Garrison project; C$100m in QC

Canadian gold project developer Osisko Mining has earmarked C$3-million to be spent on exploration at its Garrison project, in Ontario, in 2018. The work includes a resource estimate that will... 

Anaconda starts work on expanded second phase of Goldboro drilling

Junior gold producer Anaconda Mining has started work on an expanded 7 000 m second-stage drilling campaign at its Goldboro project, in Nova Scotia. The 4 500 m drilling programme will focus on the... 

Despite reporting a Q4 earnings miss, Teck equity rises on record revenue, cash flow

Canadian diversified miner Teck Resources has reported fourth-quarter headline earnings slightly below analyst expectations, as lower metallurgical coal sales and prices offset metal price... 

Iamgold lifts gold reserves 86% as exploration investments pay off

TSX- and NSYE-listed miner Iamgold has made significant gains to its reserve base in 2017, lifting it 86% after accounting for depletion. "In 2017, we were able to crystallise significant gains in... 

Mountain Province's diamond sales start the year on a high note

Mountain Province Diamonds' first diamond tender of the year broke all records in terms of revenue and customer activity. The TSX- and Nasdaq-listed company said the sale of 351 000 ct of rough... 

Tahoe burnishes CSR profile in undertaking to develop indigenous peoples policy

Embattled Canadian miner Tahoe Resources has given itself until the end of the year to formalise a comprehensive new indigenous peoples policy as it deals with community protests in Guatemala, that... 

Sherritt narrows headline loss as cost savings, higher metal prices boost bottom line

Canadian diversified miner Sherritt International has narrowed its headline loss for the 12 months ended December 31, as lower costs and higher commodity prices boosted the bottom line. The... 

First Quantum lifts Cobre Panama capacity 15%; swings to FY17 loss

Base metals producer First Quantum Minerals will expand the capacity of its massive Cobre Panama copper project, in Panama, by 15% to 85-million tonnes a year. The Toronto-based miner on Monday... 

Integra declares maiden resource at Florida Mountain

Development company Integra Resources has declared a maiden resource at its Florida Mountain gold/silver project, located 8.5 km east of Integra's DeLamar deposit, in southwestern Idaho. The... 

Cameco's 2017 headline earnings dive 59%; contracting to remain 'discretionary' in 2018

Long-term contracting, which is usually borne out of the requirement for power utilities to secure long-term uranium supplies, is not expected to see an uptick in 2018, as the market remains awash... 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of... 

Cameco appoints new chairperson

Canada's largest uranium producer Cameco has announced that board member Ian Bruce will succeed Neil McMillan as chairperson of the board immediately following the annual general meeting scheduled... 

'Every area of mining ripe for innovation' – Goldcorp

Every conceivable area of mining is in dire need of technological innovation, major miner Goldcorp tells Mining Weekly Online in an interview. "We are not exactly the most advanced industry in the...