Agnico-Eagle Q1 beats estimates, shares climb

Agnico-Eagle Mines last week reported first-quarter net earnings rose 73% to $78.5-million as gold production rose slightly to 254 955 oz, even though the comparable period benefited from output at the Goldex mine, which was shuttered in October....

ArcelorMittal eyes 30Mt/y Canadian iron-ore output

The world’s biggest steelmaker, ArcelorMittal, has the potential to increase its Canadian iron-ore output to 30-million tons yearly, and will conduct prefeasibility and feasibility studies to this effect, the Luxembourg-based firm said on...

Canada's Nunavut awaits its day in the sun

The prospects of a mining boom in Canada's Arctic territory of Nunavut - once as bright as the Northern Lights - are fading fast as costs in the inhospitable region spiral higher, forcing writedowns on two major gold projects there. The sparsely...

Advanced Explorations ups its iron-ore ambitions

Toronto-based Advanced Explorations has decided to increase the proposed scope of its iron-ore project in Roche Bay, Nunavut, to eight-million tons a year and potentially 20-million tons yearly in the longer term. The company had previously...

Meadowbank mine, Canada

An openpit mine situated in Canada.

New opportunities at Arctic diamond project

The acquisition by Peregrine Diamonds of a 100% stake in the Chidliak diamond exploration project in northern Canada will allow it to explore a number of growth opportunities once production begins, including becoming a vertically integrated...

PDAC optimistic, though challenges remain

The Canadian mineral exploration and development sector is doing extremely well considering the volatility in many other industries and markets around the world, says Prospectors and Developers Association of Canada (PDAC) president Dr Scott...

Company Announcement: Canadian Orebodies Announces Initial NI 43-101 Iron Resource Estimate for Haig Inlet

Canadian Orebodies Inc. (TSX VENTURE: CO) is pleased to announce the results of the initial independent National Instrument (NI) 43-101 Mineral Resource estimate using information from the 2011 drill program on the Haig Inlet Iron Ore Project,...

Company Announcement: The Prospectors and Developers Association of Canada Announces 2012 Award Recipients

Toronto, December 22, 2011—The Prospectors and Developers Association of Canada (PDAC) is pleased to announce the recipients of its 2012 awards for outstanding contributions to and excellence in the minerals industry. The PDAC’s prestigious...

Peregrine announces $11.8m rights offering

Peregrine Diamonds, which has an exploration joint-venture with BHP Billiton in Nunavut, on Tuesday said it planned to raise C$11.8-million through a rights issue. Under the proposed offering, shareholders of record at the close of business on...

'Full speed ahead' for Peregrine at Nunavut diamond project

As choppy markets toss mining juniors around like pieces of driftwood, business is looking decidedly bright for exploration outfit Peregrine Diamonds, which owns properties on Nunavut’s Baffin Island. First, the company has a joint venture with...

Agnico-Eagle Q3 output rises

Gold miner Agnico-Eagle Mines on Tuesday said third quarter production climbed 11% in the third quarter to 265 978 oz, compared with the prior three months, thanks to better output at Kittila in Finland and Meadowbank in Nunavut. The TSX-listed...