Agnico greenlights $2.4B Nunavut gold mine
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) said it will proceed with construction of the $2.4-billion (C$3.3-billion) Hope Bay underground mine in Nunavut with a goal of starting operations in…
Editors’ Picks
Lithium Americas sees $100M Thacker Pass cost hike from tariffs, Iran war
Lithium Americas (TSX, NYSE: LAC) is estimating that U.S. steel tariffs and the Iran war will add $80 million to $120 million to this year’s construction expense for the Thacker…
Nouveau Monde to build G7’s biggest graphite mine
Nouveau Monde Graphite (TSX: NOU; NYSE: NMG) is going ahead with the construction of its Matawinie mine in Quebec, a crucial step in the company’s bid to become a North…
Darlington SMR renews Canada’s nuclear maturity
Ontario has started construction on the first small modular reactor (SMR) in the G7, as rising power demand and tightening fuel markets test whether new nuclear projects can be delivered…
Ekati mine owner seeks creditor protection amid diamond decline in Canada’s Far North
Rising costs, depressed prices and heightened competition from synthetic stones have forced the owner of the Ekati diamond mine in Canada’s Far North to file for insolvency protection. Arctic Canadian…
Ottawa’s $6B skills push pits miners vs builders
Ottawa’s $6-billion (US$4.4-billion) push into skilled trades aims to ease a looming labour crunch, but it’s uncertain how much of the spending will reach mining – an industry already scrambling…
Ontario to axe early-stage red tape, Lecce says
Ontario is preparing legislation this year to slash red tape on early-stage projects as it shifts its minerals strategy towards defence metals and backs Toronto’s bid to host a Nato bank, Energy and Mining Minister…
Will Iran war fuel nuclear reactor construction?
The war in Iran could usher in a wave of nuclear reactor construction similar to the one that followed the 1970s energy crisis, Cameco (TSX: CCO; NYSE: CCJ) President and…
Canada’s antimony gap shows as Iran war sharpens focus on defence metals
The war with Iran has pushed antimony further out of the shadows, highlighting the metal’s modern use in explosive formulations, flares and infrared sensors. The United States Geological Survey says…
Prolonged Hormuz Strait closure would have ‘profound’ impact on mining: Friedland
Ivanhoe Mines (TSX: IVN) founder and co-chairman Robert Friedland is warning that a prolonged closure Strait of Hormuz would have a “profound” effect on global supply chains, hobbling copper producers…
New woe besets BC’s two biggest gold projects
Seabridge Gold’s (TSX: SEA; NYSE: SA) push for permits to dig tunnels at its giant KSM project is being delayed by British Columbia until the miner’s court fight with neighbour…
Podcast: Reuters’ Andy Home on Strait of Hormuz, aluminum supply concerns, tungsten
This week’s episode features Andy Home, Senior Metals Columnist at Reuters, in conversation with host Adrian Pocobelli on the aluminum market and recent developments surrounding the Strait of Hormuz. Home…