Canadian Mining Journal Staff

COPPER: Codelco investment plans hit hard by lack of financing

CHILE – Times are tough for financing expansion and investment plans in the mining industry, and Codelco, Chile’s state run copper producer is no exception. The company had hoped to invest US$25 billion in expand aging mines and...

Canadian Mining Journal Staff | September 8, 2015 | 4:16 pm

PHONE PROTECTION: Pelican’s ProGear is smart way to safeguard Galaxy smart phones

EDMONTON - Pelican Products, a global leader in the design and manufacture of high performance protective cases, announced the Pelican ProGear™ Voyager and Protector for the new Samsung Galaxy Note5 and Galaxy S6 edge+ as the newest...

Canadian Mining Journal Staff | September 8, 2015 | 4:15 pm

First Mining pursues Gold Canyon, PC Gold to grow its gold inventory

First Mining Finance (TSXV: FF; US-OTC: FFMGF) is buying Gold Canyon Resources (TSXV: GCU) and PC Gold (TSXV: PKL) in separate all-share deals totaling roughly $64 million to create a leading gold exploration company.

Canadian Mining Journal Staff | September 8, 2015 | 4:12 pm

URANIUM: Fission releases PEA for Triple R deposit with output of 7.2M lb/year

SASKATCHEWAN – Fission Uranium Corp. of Kelowna, BC, has released the preliminary economic assessment for the Triple R uranium deposit at its Patterson Lake South property. The project has a base case, pre-tax net present value of $1.81...

Canadian Mining Journal Staff | September 3, 2015 | 4:07 pm

NICKEL-COPPER: Metis and KGHM sign MOU for Victoria project

ONTARIO – The Metis Nation of Ontario and KGHM International have signed a memorandum of understanding for the Victoria nickel-copper project in the Sudbury Basin. KGHM has advanced the property to the development stage and plans to start...

Canadian Mining Journal Staff | September 3, 2015 | 4:06 pm

MINING PEOPLE: Metanor, Newstrike, Noront, SouthGobi, and Strongbow

Norman Parker is the new general manager of the Bachelor Lake gold mine, owned by Metanor Resources of Val d’Or, QC. The appointment will take effect on Sept. 8, 2015.

Canadian Mining Journal Staff | September 3, 2015 | 4:04 pm

MACHINE GUIDANCE: Wenco wins contract with Polyus Gold in Siberia

VANCOUVER - The Krasnoyarsk Division of Polyus Gold has chosen Wenco International Mining Systems to supply its high precision machine guidance systems for shovels and drills at three mine sites in eastern Siberia, Russia.

Canadian Mining Journal Staff | September 3, 2015 | 4:02 pm

BMO’s Kaip: Gold miners approaching ‘inflection point’

VANCOUVER — It’s been a rough run for gold equities over the past few years, but recent performances by major and intermediate producers seem to hint at an industry that’s getting its balance sheets and cost structures in...

Canadian Mining Journal Staff | September 3, 2015 | 4:01 pm

DIAMONDS: Drilling at Orion kimberlite reveals 3.25-ct stone

SASKATCHEWAN – Shore Gold of Saskatoon has been drilling 12, large diameter holes in the Early Joli Fou (EJF) and Pense kimberlites at the company’s Star-Orion South diamond project 60 km east of Prince Albert in the Fort a la Corne...

Canadian Mining Journal Staff | September 2, 2015 | 4:04 pm

GOLD: Benton makes new visible gold discovery on Staghorn property

NEWFOUNDLAND – Benton Resources of Thunder Bay, ON, has made what it calls a “significant” new visible gold discovery at the Staghorn gold property 60 km southeast of Stephenville. The property is owned by Metals Creek...

Canadian Mining Journal Staff | September 2, 2015 | 4:03 pm

LITHIUM: Western Lithium, Lithium Americas shareholders okay arrangement

VANCOUVER – The shareholders of Western Lithium USA Corp. and Lithium Americas Corp. have in separate meetings approved the plan of arrangement as outlined by the companies.

Canadian Mining Journal Staff | September 2, 2015 | 4:01 pm

Argonaut aims to balance expansion and cost control

VANCOUVER — Argonaut Gold (TSX: AR; US-OTC: ARNGF) is attempting to walk a fine line by expanding its production profile while simultaneously controlling operating costs in a bid to maximize free cash flow. The company's goal is to...

Canadian Mining Journal Staff | September 2, 2015 | 3:59 pm

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