World’s top uranium miner Cameco swings to loss in first quarter

While the Canadian economy overall is producing less greenhouse gases, oil sands will be increasing emissions substantially.

Record cash flows in Q2 boosted the company's cash pile to $1.1 billion before it doled out $500 million to Hudbay this week. It also has an untapped $400 million credit facility.

Q2 highlights include gold production of 92,003 ounces, a new quarterly record, operating cash flow of $55.7 million and record mill throughput and mined tonnage.

"This promotion is consistent with a renewed focus on operational fundamentals, delivering on key metrics at our sites, and reducing costs across our operations and projects."

Canadian miner Goldcorp appointed George Burns as the new executive vice president and chief operating officer. Burns replaces Steve Reid, who is leaving the company to pursue other interests.

Canadian oil industry support group, EthicalOil.org, filed a 143-page complaint with the Canada Revenue Agency accusing Tides Canada of funnelling charitable donations to highly political, and non-charitable, groups like PETA and ForestEthics.

The president of the Qikiqtani Inuit Association is on a junket at the London Olympics as a guest of ArcelorMittal, which is in the final stages of getting approval for its giant iron mine on Inuit land.

US Silver board of directors voted instead to merge with Canadian RX Gold & Silver and form a new firm.

For those who expected that Canada’s reporting season would give its subdued mergers-and-acquisitions market a good push, consultants from Ernst & Young have a clear message: a merging frenzy this way comes.