Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD: Pure Gold expands near surface, high grade zones at Madsen

ONTARIO – Pure Gold Mining of Vancouver continues to hit zones of high grades near the surface at its Madsen gold project 16 km west of Red Lake.

Canadian Mining Journal Staff | May 27, 2015 | 4:01 pm

DIAMONDS: Kennady drills 194 metres of kimberlite at Kelvin target

NORTHWEST TERRITORIES – The latest drill results from the Kennady North diamond property, adjacent to the Gahcho Kué development, cut 194.59 metres and 187.30 metres of kimberlite at the Kelvin North target, said 100% owner Kennady...

Canadian Mining Journal Staff | May 27, 2015 | 4:00 pm

GOLD: Eldorado pleased with Certej feasibility

ROMANIA – Vancouver's Eldorado Gold Corp. is pleased with the results of the feasibility study for its 80.5% owned Certej gold project near the town of Deva. The study projects an estimated cash cost of US$568/oz and an all-in sustaining...

Canadian Mining Journal Staff | May 27, 2015 | 3:58 pm

Kidnappings highlight security risks for miners

In the first four months of this year alone, kidnapping incidents have touched Torex Gold Resources (TSX: TGX) and Goldcorp (TSX: G; NYSE: GG) in Mexico’s Guerrero state, and Pan African Minerals’ Tambao...

Canadian Mining Journal Staff | May 27, 2015 | 3:57 pm

GOLD & COPPER: Zijin buys into Barrick’s Porgera and Ivanhoe’s Kamoa

PAPUA NEW GUINEA and DRC – Integrated Chinese metal producer Zijin Mining Group is buying into a pair of projects in far-flung corners of the world. First, it has agreed to buy half of Toronto-based Barrick Gold's Porgera gold mine in...

Canadian Mining Journal Staff | May 26, 2015 | 4:49 pm

GOLD: Balmoral cuts 216 g/t at new discovery

QUEBEC – Vancouver-based Balmoral Resources has been drilling its Fenelon advanced gold property 73 km northwest of Matagami and discovered a new shear zone, Horizon 3. The discovery hole, FAB-15-50, assayed 216 g/t Au over 0.76 metres.

Canadian Mining Journal Staff | May 26, 2015 | 4:48 pm

URANIUM: NexGen Energy raises $23.7M for exploration

SASKATCHEWAN – NexGen Energy of Vancouver has raised $23.74 million though a bought deal short form prospectus offering. The company issued 47.48 million common shares at a price of $0.50 per share.

Canadian Mining Journal Staff | May 26, 2015 | 4:46 pm

TRAINING: Canadian government supports skills training in Nunavut

RANKIN INLET, Nunavut - The Hon. Leona Aglukkaq, Minister of the Environment, Minister of the Canadian Northern Economic Development Agency and Minister for the Arctic Council, on behalf of the Hon. Pierre Poilievre, Minister of Employment and...

Canadian Mining Journal Staff | May 26, 2015 | 4:45 pm

Sabina focuses on optionality at Back River project

A feasibility study for Sabina Gold & Silver’s (TSX: SBB) Back River gold project in Nunavut demonstrates the project is a large, low cost producer, which could be scaled down to lower capital requirements.

Canadian Mining Journal Staff | May 26, 2015 | 4:44 pm

SAFETY: Latest fatality is woman at Holt gold mine

St Andrew Goldfields sadly reported the death of one of its workers on May 23 at the Holt gold mine 45 km northeast of Kirkland Lake, ON. Alexie Dallaire-Vincent, 22, was involved in a fatal rail haulage accident.

Canadian Mining Journal Staff | May 25, 2015 | 4:15 pm

URANIUM: Cigar Lake reaches commercial production

SASKATCHEWAN – Commercial production at the Cigar Lake uranium mine in the Athabasca Basin officially began on May 1, 2015. The mine is a partnership of Cameco (50.025%), AREVA Resources Canada (AREVA) (37.1%), Idemitsu Canada Resources...

Canadian Mining Journal Staff | May 25, 2015 | 4:13 pm

GOLD: Barrick sells Cowal mine to Evolution for $550M

AUSTRALIA – Barrick Gold of Toronto has agreed to sell its 100% interest in the Cowal gold mine in New South Wales to Evolution Mining for US$550 million in cash. The proceeds of the sale will be used to pay down debt. Barrick will also...

Canadian Mining Journal Staff | May 25, 2015 | 4:12 pm

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