Mine reviews need clearly defined timelines, timelier reviews, reduced regulatory burdens and less duplication during assessment, said Prime Minister Stephen Harper during a tour of the Minto Mine in the Yukon on Tuesday.
Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to go and a current net value of $2.6 billion.
Canada’s Franco-Nevada has committed a whopping $1 billion to support the development costs of Inmet's massive Cobre Panama copper project in exchange for a future precious metals stream.
Newspaper magnate David Black is proposing a $13 billion oil refinery to be built in Kitimat to process oil from the Northern Gateway pipeline before shipment.
The Northern Miner called Garth Kirkham, chairman of the best practices committee at the Geological Society of Canadian Institute of Mining, Metallurgy, and Petroleum (CIM), who was not sparing in his opinion of the 43-101 that Barkerville Gold released on Monday night.
Despite reporting a 14% increase in silver production and record quarterly gold output, Pan American Silver Corp.'s (TSX:PAA) second-quarter earnings slid 61%, as the miner was hit by a double-digit decline in the precious metal prices.