Great Bear hits high grades at Dixie, shares up

“My challenge is to re-orient Goldcorp, harvest that business and optimize the existing assets.”

De Beers joint venture in Canada's Northwest Territories, the world's largest diamond mine under development, now 87% complete.

While the shock has certainly been the largest for oil-producing regions, the issue has rippled through to other industries and provinces.

BHP has cut $130 million from this year's planned $330 million capital expenditure to develop and study the feasibility of the project.

The country's western provinces, especially Alberta, would be most affected if low oil prices were to persist over the next seven years.

Swedish mining and smelting company Boliden AB will pay cash for Kevitsa mine.

Company only confirmed it was in talks with a “third party” about a “potential transaction.”

Canada, bucking an international trend that has seen central banks become net buyers of gold since 2010, has sold off all its official gold holdings.

This is the second company allowed to proceed on breeding grounds against the advice of N.W.T. government.