Commerce Resources’ Ashram PEA points to ‘robust economics’

The results of a preliminary economic assessment (PEA) of rare earth junior Commerce Resources’ Ashram deposit, in northern Quebec, pointed to “robust economics” achievable from a project with significant upside. The PEA established that a...

Renard predevelopment starts with $28.4m budget

TSX-listed diamond junior Stornoway Diamond Corp on Wednesday said it had allocated a predevelopment budget of $28.4-million to develop Quebec’s first diamond mine, the Renard project.

LIM kicks off 2012 with first China exports

Toronto-listed Labrador Iron Mines (LIM) shipped its first China-bound load of the steelmaking ingredient for 2012 last week, and is on track to meet its two-million-ton sales target for the year, it said on Tuesday. Its James mine, located in...

Burned cyclone set doesn't mean 25% output rate reduction – Osisko

With one of its four cyclone banks crippled after last week’s fire, Osisko could still produce at more than 75% of its Canadian Malarctic mine’s milling capacity, though it is still too early to say what level is possible, a spokesperson said...

Osisko says to restart production in 'near term' after fire

Osisko Mining, which suffered a fire at its flagship Canadian Malarctic in Quebec last week, said on Monday it would resume production at reduced levels “in the near term”. The part of the mill the conflagration mainly damaged, the No 4...

Royal Nickel's revised prefeas study improves numbers

Canada’s Royal Nickel on Monday said it tweaked a November prefeasibility study for its Dumont nickel project, in Quebec, boosting its net present value by 31% to $1.4-billion. Improved recoveries and incorporating so-called trolley assist...

Osisko posts profit as Malartic mine ramps up

Osisko Mining Corp reported a third consecutive quarterly profit on Thursday as it ramped up production at its Canadian Malartic gold mine in Quebec, but a fire that broke out there on Wednesday night shut down milling operations. Osisko earlier...

Gold miner Aurizon lifts Q1 profit 238%

Quebec-focused gold producer Aurizon managed to lift first-quarter profit three-and-a-half times higher than the figure for last year to $22.3-million, as it maintained output levels and enjoyed higher bullion prices. The Toronto- and New...

Implats, Northern Shield formalise QC platinum JV

Canadian junior Northern Shield on Friday said it firmed up a joint venture agreement with world number-two platinum producer Impala Platinum over the TSX-V-listed company’s Idefix property in northern Quebec. The partners had in January inked...

Canada Lithium to raise another C$30m, shares slide

Shares in Canada Lithium lost over 10% of their value on Tuesday, after the company said it would sell C$30-million in stock to complete the mine it is building near Val d'Or in Québec. The TSX-listed company filed a preliminary short-form...

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....

Agnico-Eagle profit lifted by gold price

Canadian gold miner Agnico-Eagle Mines Ltd reported a 73% increase in its quarterly profit on Thursday, driven largely by gains in the price of bullion. Toronto-based Agnico, which has come through major operational setbacks at two mines in...