B2Gold to produce 5m ounces of gold at Mali mine after $50m expansion
Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.
Public awareness and acceptance of Carbon Capture and Storage (CCS) as a tool to combat climate change is higher in Saskatchewan and Alberta than the rest of Canada, concludes a nation-wide survey released today by IPAC-CO2 Research Inc.
Yukon-Nevada Gold Corp. (TSX: YNG) on Wednesday announced a forward gold purchase agreement with Deutsche Bank's London office for $20 million. Yukon Nevada says it will deliver 27,950 ounces of gold over a 43 month term at a rate of 650 ounces per month starting end of Q1.
Ian Telfer, one of Canada’s most well-known mining executives and chairman of Goldcorp Inc. (TSE:G), denied yesterday’s Ontario Securities Commission (OSC) allegations that connect him with an alleged illegal insider-trading scheme that yielded profits of $962,000 for eight people involved in buying shares.
Reuters reports that sovereign wealth fund China Investment Corp (CIC) and state oil company Sinopec are among three cornerstone investors that will pledge $350 million towards Sunshine Oilsands Ltd's Hong Kong IPO.
Up to 1.5 million carats worth of diamonds are being auctioned this week by companies allowed to mine the controversial Marange diamond fields in Zimbabwe.
Rubicon Minerals stocks were diving this morning (TSE:RMX) (AMEX:RBY) close to 5 per cent as the Canadian company said Monday that it has agreed to a $200.9 million bought deal financing, with funds to be used for the development of its Phoenix gold project in Red Lake, Ontario.
Sunshine Oilsands, a Calgary-based oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong which would have been the biggest in Asia this year.