Lake Shore Gold suspends mining as fire risk closes in

Rampaging forest fires in Ontario continued to disrupt mining activities in the province, with TSX-listed Lake Shore Gold on Friday saying it had suspended mining activity at its Timmins West mine, in Ontario, as a result of high winds and smoke....

Ontario wildfires cut mines’ power supplies, output suspended

Seasonal forest fires had cut the power supply to at least two gold mines in north-east Ontario, Canada, with miners AuRico and Kirkland Lake Gold on Monday reporting disruptions to their main power supplies. AuRico said a forest fire located...

Company Announcement: Abcourt Files Preliminary Short Form Prospectus For New Issue of Units

Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. announced today that it has filed a preliminary short form prospectus in the provinces of British Columbia, Alberta, Ontario and Québec

Lake Shore Gold improves production, mill expansion progressing

TSX-listed Lake Shore Gold on Thursday said it was pressing ahead to complete an expansion at its Timmins West mine, in Ontario, which would see the mine increase gold production from 2013 onwards. The miner reported cash earnings from mine...

NAP narrows Q1 loss on better production and prices

North American Palladium, which mines the precious metal near Thunder Bay, Ontario, on Thursday posted a $0.9-million, or $0.01, a share loss for the first quarter, an improvement of the $10.3-million it was in the red for during the same period...

AuRico adjusted profit soars nearly threefold

TSX-listed AuRico Gold said on Wednesday its first-quarter adjusted profit rose by 186.7% to $57.8-million, or $0.21 a share, as the company sold more gold at a higher price. AuRico beat analyst expectations of adjusted earnings pinned at $0.12 a...

Cliffs moves Canadian chromite project to feasibility stage

US diversified miner Cliffs Natural Resources on Wednesday said its board decided to proceed with a feasibility study for a $3.3-billion chromite mine in northern Ontario, adding it selected Sudbury to host a planned ferrochrome smelter. The...

Franco-Nevada profit lifted by bullion price

Canada's Franco-Nevada Corp said on Tuesday its first-quarter net profit more than doubled as the gold-focused royalty company benefited from high bullion prices. Revenues from royalty deals linked to assets in northern Ontario and Mexico drove...

Timmins West gold project, Canada

The preliminary economic assessment on the Timmins West gold project, envisions an operation with the potential to produce about 1.4-million ounces over ten years.

Alamos Gold profit jumps on higher prices

Canadian miner Alamos Gold reported a 65% jump in first-quarter profit mainly on robust gold prices and a tax gain. Net income rose to $29.5-million, or 24c per share, from $17.9-million, or 15c a share, a year ago.

First Nickel resumes operations at Ontario mine

Canadian miner First Nickel said it resumed operations at its flagship Lockerby nickel-copper mine in Ontario, nearly a week after the labor ministry ordered it to stop work at the site citing safety issues. The Lockerby team has resolved the...

Iamgold to buy Trelawney Mining for C$608m

Canadian miner Iamgold Corp said Friday it will buy gold exploration company Trelawney Mining for about C$608-million ($620-million) in cash, in a move aimed at expanding its asset base within a politically safe jurisdiction. Toronto-based...