ALROSA reports October diamond sales $242.8 million – down 28% YoY

Toronto-listed Premier Gold Mines has nearly tripled gold resources at its 70%-owned Hardrock Project in northwestern Ontario, Canada. An updated NI 43-101 report by Micon International Limited shows a 269% increase in measured and indicated resources to 2.5 million ounces, and a 164% increase in inferred resources to 1.1 million ounces.

Nunavut is attracting the attention of the world's miners like never before, says Scotiabank commodities analyst Patricia Mohr, speaking at a mining summit in the mineral-rich Canadian northern territory. Nunatsiaq Online reports: Pushed by the developing world’s growing hunger for consumer items, civil unrest in many countries, and “random” events like the recent tsunami, earthquake and nuclear power plant disaster in Japan, mining companies around the world are eying Nunavut with far more interest than before.

Silver Quest Resources (TSX.V: SQI) (“Silver Quest” or “the Company”) is pleased to report the discovery of a significant gold-in-soil anomaly, referred […]

Selwyn Resources Ltd. (TSX VENTURE:SWN) (“Selwyn”) is pleased to announce a NI 43-101 compliant mineral resource estimate for the Scotia mine (formerly […]

Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) has received notice, dated April 5, 2011, that the NYSE Amex LLC intends to proceed with an […]

Miners, especially of base metals, will drive Canadian merger and acquisition activity for the rest of 2011, although oil and gas and financial services will also be significant, bankers said on Tuesday.

Labrador Iron Mines Holdings Limited (TSX:LIM) announced that in connection with its previously announced public offering on April 4, 2011, it has entered into an agreement with a syndicate of underwriters to sell 8 million common shares of the company at C$12.50 per common share and 666,700 flow-through shares at C$15.00 per share for aggregate gross proceeds of C$110,000,500.

The government of Alberta, on the global defensive for its management of the oilsands, says it will revoke a number of oil sands leases, leading some in the oil patch to bring up comparisons with Venezuela. The Globe and Mail reports: The Alberta government has proposed new environmental rules that would revoke a number of oil sands leases – including those which already have active projects – in an effort to protect sensitive habitat, wildlife and forest land in the most industrialized area of the province.

One of the world’s largest potash producers, Potash Corporation of Saskatchewan (PotashCorp) has teamed up with joint venture partners, Redpath and Thyssen Mining in the newly formed Associated Mining Construction (AMC) for the first new potash mine shaft in Saskatchewan to have been built in over forty years - Scissors Creek.