Canadian Mining Journal Staff

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

RARE EARTH-URANIUM: Greenland releases Kvanefjeld feasibility

GREENLAND - Greenland Minerals and Energy, an Australian company, has released the feasibility study for its Kvanefjeld rare earth-uranium-zinc project. The resource is greater than 1.0 billion tonnes, giving the project an initial mine life of...

Canadian Mining Journal Staff | May 25, 2015 | 4:10 pm

BitGold surges on TSXV debut

If you believe, as Roy Sebag and Josh Crumb do, that the real value in gold is not holding it as an investment but using it as money, then you should check out BitGold (TSXV: XAU), the company they founded that uses an Internet-based...

Canadian Mining Journal Staff | May 25, 2015 | 4:09 pm

GOLD-BASE METALS: First Quantum plans $1.25B equity offering

VANCOUVER – First Quantum Minerals is planning a $1.25-billion equity offering with which to advance or expand existing mines and to pay down debt. The shares will be taken up by a syndicate of underwriters led by RBC Capital Markets and...

Canadian Mining Journal Staff | May 21, 2015 | 4:23 pm

ZINC: Trevali ups bought deal to $30 million

NEW BRUNSWICK – The $20 million bought deal announced yesterday by Vancouver's Trevali Mining Corp. has been increased to $30 million. Dundee Securities on behalf of a syndicate of underwriters has agreed to purchase 30 million common...

Canadian Mining Journal Staff | May 21, 2015 | 4:21 pm

GOLD: Columbus Gold named to OTCQX Best 50

VANCOUVER – Columbus Gold Corp. has been named to the 2015 OTCQX® Best 50, a ranking of top performing companies traded on the exchange.

Canadian Mining Journal Staff | May 21, 2015 | 4:20 pm

MINING PEOPLE: Bacanora and Desert Star

Bacanora Minerals of Calgary has named Peter Secker its new CEO. He holds a bachelor of applied science in mining engineering from Newcastle University and a first class mine managers certificate for Australia and South Africa.

Canadian Mining Journal Staff | May 21, 2015 | 4:19 pm

Red Chris delay sends Imperial back to the market

In danger of breaking a loan covenant because of a slow ramp-up at its Red Chris copper-gold mine, in northwestern British Columbia, Imperial Metals (TSX: III) is turning once again to its largest shareholders for financial help.

Canadian Mining Journal Staff | May 21, 2015 | 4:17 pm

GOLD: Feasibility positive for Sabina’s Back River project

NUNAVUT – Vancouver-based Sabina Gold & Silver says the feasibility study for its Back River gold project is positive. Assuming a gold price of US$1,200/oz and a Canadian exchange rate of $0.87, the project has a post tax net present...

Canadian Mining Journal Staff | May 20, 2015 | 3:51 pm

GOLD: Rubicon enrols in long term power program

ONTARIO – Toronto's Rubicon Minerals Corp. is busy preparing the Phoenix gold mine and mill near Red Lake for production later this year, but not too busy to take a positive step toward controlling operating costs. The company has been...

Canadian Mining Journal Staff | May 20, 2015 | 3:50 pm

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