The Company is on track to deliver significant earnings, EBITDA and cash flow growth again in 2012 as we expect the Cerro Bayo silver-gold mine will reach full production by the fourth quarter and the Costerfield gold-antimony mine will achieve more stable operations

Syncrude's heavy equipment operator, Maggy Horvath, unearthed what may be a nearly complete plesiosaur and the 10th fossil found on Syncrude leases. The discovery contributes to Alberta's prehistoric history and the understanding of the evolution of life on Earth. The fossil, which Horvath found during her shift on November 14, 2011, is currently being examined by scientists and technicians from the Royal Tyrrell Museum of Palaeontology. "This is a very rare find. It's a long necked plesiosaur, which is a marine reptile with a very long neck, small head and short body. The last one that was recovered was 10 years ago; it was recognized as a new kind and given the name Wapuskanectes," said Dr. Don Brinkman, Director at Royal Tyrrell. "It felt pretty good to call my son and let him know that I found a prehistoric fossil while working in the mine," said Horvath.

CALGARY, Aug. 29, 2011 /CNW/ - Climbing labour, service and commodity costs are driving early signs of cost inflation in the oilsands sector while environmental issues dominate the risks list, according to Ernst & Young's recent report, Exploring the top 10 opportunities and risks in Canada's oilsands. An uncertain global economy, conflict in North Africa and the Middle East, supply and demand imbalances, crude price volatility and currency fluctuations are making it difficult for oilsands companies to plan and forecast accurately.