Yamana invests $16.4 million in Ascot

Revenue from energy and mining is expected to drop from $1.1 billion in 2018-19 to $861 million by 2020-21.

The C.D. Howe Institute says Bill C-69 will further depress a sector that struggled for investment in 2018.

Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.

Local First Nations approved the results of an independent archaeological impact assessment.

It is the 34% increase in the Fosterville Mineral Reserve grade that is driving the million-ounce revised production guidance.

A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, had agreed on a bought deal basis to buy 7.5 million shares at C$5.40 each.

The mine produced a total of 9.4 million oz. of silver and more than 375,000 lb. of cobalt from the No.3 shaft at various times from 1917 and 1989.

The Lalor mine will then be joining the ranks of primary gold producers as one of the lowest sustaining costs in the industry.

At market close Wednesday, Northern Dynasty's shares were up over 12%, and gained another 7% in after-hours trading.