Headwinds on horizon for Canadian mining, industry official warns

The extent of a newly discovered high-grade gold zone at Balmoral Resources’ Martiniere project in Quebec – not far from Detour Gold’s […]

St Andrew Goldfields Ltd. (T-SAS), ("SAS" or the "Company") is pleased to announce that the Holt Mine has now achieved commercial production after operating for 90 days at an average daily throughput of between 450 to 500 tonnes per day ("tpd"). Operational statistics will be provided in the Company's upcoming scheduled first quarter 2011 earnings release on or about May 6, 2011. The Holt Mine and Mill are located on the eastern portion of the Company's extensive land package in the Timmins Mining District.

The shares in some North American silver miners fell sharply on Thursday after Bolivia's leftist government said it might rescind concessions on four mines in the country run by Glencore International Ltd [GLEN.UL] affiliates and Canada's Pan American Silver Corp (PAA.TO: Quote)(PAAS.O: Quote).

Magma Metals Limited (ASX & TSX: MMW) (“Magma” or the “Company”) is pleased to announce the completion of an A$20 million placement of approximately 71.4 million new fully paid ordinary shares at a price of A$0.28 per share (“Issue Price”) (the “Placement”).

Exploration Orbite VSPA has discovered the presence of high-value byproducts such as scandium, gallium and other important rare earth elements in its Grande-Vallée deposit in the Gaspé region of Quebec, all of which offer strong economic potential for the company and for Canada, the company believes.

Osisko Mining (TSX: OSK) poured its first gold at the Canadian Malartic open-pit gold mine in Quebec on Wednesday, April 13, 2011. The act ushered in not only one of Canada's newest miners, but one of its largest, with production at Malartic planned to hit 600,000 ounces gold a year, over a 12-year mine life.

Reuters reports: Canadian gold miner Northgate Minerals Corp expects production at its Young-Davidson mine in Northern Ontario to start in late first quarter of 2012.

A preliminary economic assessment (PEA) of the Big Daddy chromite deposit in northern Ontario is recommending that the project advance to the feasibility stage. The PEA was commissioned by Montreal-based KWG Resources, which owns a 28% interest and a 1% net smelter royalty (NSR) in the deposit, located in the remote James Bay lowlands of northern Ontario. The company also has NSRs on the adjacent Black Thor and Black Label chromite deposits, and has the option to increase its interest in Big Daddy to 30%.

A coal project in northeastern B.C. that is being developed by a Chinese consortium could produce up to 2 million tonnes of met coal annually for the next 30 years, the Globe and Mail reports: A Chinese group is making a $1-billion bet on coal in British Columbia to secure a key raw material for its steel making industry, the latest in a series of moves this year by international companies to stake a claim on Canadian resources.