St Barbara wants to raise tailings dam at Touquoy gold mine in Nova Scotia
Mining News Pro - St Barbara could be forced to suspend operations at the Touquoy gold mine in Nova Scotia soon, should it fail to receive provincial government approval for a proposed tailings capacity expansion by early August. The mine’s current tailings capacity is expected to be exhausted in mid-September 2022.
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ScoZinc pursuing project finance talks for Scotia mine
Mining News Pro - ScoZinc remains in active discussions with various capital providers for the Scotia project, near Halifax, the company said on Friday.
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Scotiabank compliance failed to stop gold spoofing, US says
Mining News Pro - Bank of Nova Scotia’s compliance officers failed to stop its precious metals traders from manipulating markets despite having information about the activity, according to the US government.
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ScoZinc buoyed by Scotia mine PFS
Mining News Pro - Development company ScoZinc has announced the prefeasibility study (PFS) results for its Scotia project, which indicate that the past-producing zinc and lead mine near Halifax could achieve commercial production in 12 months or less from securing project finance.
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Scotiabank takes $168 million hit as it shuts historic gold unit
Mining News Pro - Bank of Nova Scotia has set aside C$232 million ($168 million) to cover the cost of winding down its historic precious-metals unit as well as a potential settlement of U.S. investigations into the unit’s trading activities.
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Only coal mine in Nova Scotia closes doors
Mining News Pro - Kameron Colleries’s Donkin mine, the first underground coal operation in the province of Nova Scotia’s Cape Breton in 15 years, has closed its doors, putting about 150 people out of work.
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Gold rush in Canada’s Nova Scotia unearths opportunities and criticism
Mining News Pro - While the Canadian province of Nova Scotia has been attracting local and international companies lured by its untouched gold riches and the easy access to most assets, located nearby existing highways, some groups warn of potential impacts to watersheds and communities.
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Nova Scotia needs $19.5m to unlock mineral potential
Mining News Pro - The body representing the mining industry in Canada’s Nova Scotia has released a report that recommends $19.5 million be invested in geophysical surveys to help find future mines and quarries.
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Gold Is Not In A Bear Market, It’s Just ‘Out Of Favor’ For Now — ScotiaMocatta
Minign News Pro - Gold will need to drop to at least $1,100 an ounce to be in a bear market, said ScotiaMocatta bank, noting that the yellow metal has been caught in “a general sell-off.”
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