In order to increase production and reduce cost per ounce at its flagship Lac des Iles mine, North American Palladium (TSE:PDL) is raising Can$43 million on a bought deal basis for capital expenditures.
Canadian junior Kennady Diamonds Inc. announced Tuesday the plan of arrangement between the company and Mountain Province Diamonds Inc. is now complete, and KDI shares have commenced trading on the TSX Venture under the ticker symbol KDI.
Canadian miner Teck Resources has temporarily withdrawn the Social and Environmental Impact Assessment application for its $5.6 billion Quebrada Blanca II expansion project in northern Chile.
A previous report inferred the mineral resource estimate of the Ontario-based project to be 32,169,000 tonnes at a grade of 1.14 g Au/t, and 1.18 million ounces of contained gold.
Bolivian Labour Minister, Daniel Santalla, signed an agreement on Sunday with the leaders of the Andean local community of Malku Khota who were holding five employees of Canadian South American Silver captive.