Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.

Mining magnate and philanthropist Ross Beaty joins other prominent Canadians in being among those awarded membership in the 2017 Order of Canada.

Another international oil company is marking its exit from Canada’s energy sector – this time Houston-based Apache Corp.

Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.

But owners of Wolverine mine say rail line not operational yet.

The Canadian miner said it will take “all legal steps possible” after the country’s Supreme Court suspended the mining licence for its flagship Escobal silver mine.

President John Magufuli has also ordered the mining ministry to freeze the renewal of expired permits.

The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.