Red Lake ground conditions dogs Goldcorp's Q1

Problems with ground conditions at Canadian gold major Goldcorp’s flagship Red Lake mine in Ontario during the first quarter have forced the Vancouver-based company to relook its 2012 guidance, it said on Wednesday. During the first three...

Rainy River bets on new Ontario gold play

Canadian gold exploration company Rainy River Resources believes it has stumbled on to a whole new gold district in northern Ontario, where it is developing its flagship Rainy River project, CEO Raymond Threlkeld said. The project, located about...

Ontario junior gets C$3.5m settlement to cede controversial claims

Against a backdrop of simmering tensions between aboriginal communities and exploration companies in Ontario, the government announced on Thursday it reached a C$3.5-million settlement with God’s Lake Resources, whereby the company agreed to...

Phoenix gold project, Canada

The Phoenix project is located next to Goldcorp’s Red Lake mine, in northern Ontario.

Premier Gold to tap markets for C$51m

Premier Gold Mines said on Monday it aimed to raise C$51.8-million through bought deal financing, the proceeds of which would go toward exploration and development. The company, which owns projects in Ontario and Nevada, hired a group of...

Rubicon to raise C$200m to build Phoenix project

Rubicon Minerals, hoping to build a gold mine next to one of Canada’s biggest, took advantage of the run-up in its share price so far this year, announcing a C$200.9-million bought deal financing. The cash will go towards building the Phoenix...

Red Lake Complex, Canada

An underground mines, situated in Canada.

Company Announcement: Rubicon Purchases Pre-existing Royalty Covering ‘Land Claims’

Rubicon Minerals Corporation is pleased to announce that, by exercising a right of first refusal, it has acquired, and thereby extinguished, the 3% net smelter returns royalty payable on the mining properties covering the land portion of...

Rubicon jumps on Agnico investment

Shares in Canadian junior Rubicon Minerals surged on Thursday morning after Agnico-Eagle Mines said after the close on Wednesday that it would buy a 9.2% stake in the company. Rubicon's main asset is the Phoenix deposit in the Red Lake region of...

Rubicon issues PEA numbers, shares drop

Shares in junior Rubicon Minerals plunged 24% on Wednesday, after the company published the results of a preliminary economic assessment for the F2 gold system, part of its Phoenix project in Red Lake, Ontario. The 1 250 t/d operation could...

Canada, US mining camps seeing investment 'renaissance'

Investment in mining projects and operations in Canada and the US are undergoing something of a renaissance, Wellington West Capital Markets analyst Paolo Lostritto said on Monday. “There's been a resurgence in North America, in terms of...

Goldcorp earnings jump as output rises, hikes dividend again

Goldcorp, Canada's number-two gold miner, increased fourth-quarter adjusted net earnings by 128% year-on-year, after production and gold prices both rose, and also announced on Thursday it has raised its dividend again, this time by 11%....