MINING.COM

Lake Shore Gold extends high-grade core at Gold River Trend

Canadian Lake Shore Gold Corp. (TSX:LSG) said Thursday it is extending the area of high-grade core at its Gold River Trend property, after analyzing results of seven new holes (1,440 m) of drilling.

MINING.COM Staff Writer | June 7, 2012 | 1:58 pm

Kinross suspends mining at Tasiast gold mine in Mauritania

Canadian Kinross Gold Corp. (TSX:K, NYSE:KGC) said on Wednesday that workers at its Tasiast gold mine in Mauritania, West Africa, have initiated an unlawful work stoppage, halting mining and processing activity.

Cecilia Jamasmie | June 6, 2012 | 3:59 pm

Global mining industry profits and shares went different ways in 2011: PwC

Consulting firm says the top 40 global mining firms earned a record profit of $133 billion last year driven mainly by iron ore, however their market capitalization fell by 25%.

Cecilia Jamasmie | June 6, 2012 | 2:29 pm

Disappointed with share price Barrick Gold reshuffles top management team

Canadian Barrick Gold (TSX:ABX) announced Wednesday a major shakeup of its management team, saying that it has replaced Aaron Regent as president and chief executive officer by Jamie Sokalsky, who was the company's chief financial officer.

Cecilia Jamasmie | June 6, 2012 | 12:00 pm

India’s state-owned ONGC considers $5 billion oil sands investment

Other bids for ConocoPhilips' oil sands assets expected as foreign money continues to pour into Alberta's oil patch.

Joshua Zapf | June 5, 2012 | 6:39 pm

Caterpillar and Westport Innovations enter the natural gas vehicles business

Earth-moving equipment maker Caterpillar (NYSE:CAT) will work with Canadian Westport Innovations (TSX:WPT) to develop natural gas-powered engines for mining trucks, locomotives and other heavy equipment that typically uses diesel.

Cecilia Jamasmie | June 5, 2012 | 4:18 pm

Canada re-emerges as the top destination for mining and metals deals: Ernst & Young

Canada topped the global mining and metals sector as the number one target destination by total deal value in the first three months of this year, says international firm Ernst & Young.

Cecilia Jamasmie | June 5, 2012 | 3:09 pm

No Dutch disease here: report shows commodity sector boosts manufacturers

The massive developments in mining and oil and gas in Canada have also pulled along a thriving manufacturing sector, according to a study by Conference Board of Canada and the Business Development Bank of Canada.

Michael Allan McCrae | June 5, 2012 | 5:57 am

GoGold makes a deal for $30 million in cash and 741,000 gold equivalent ounces

After making a deal to combine with privately-held Absolute Gold last May, GoGold Resources (CVE:GGD) has now filed a NI 43-101 showing the mineral interests it acquired from Absolute are a resource containing 37.1 million ounces of silver equivalent and 741,000 ounces gold equivalent.

Michael Allan McCrae | June 5, 2012 | 5:09 am

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