Canadian Mining Journal Staff, Author at Canadian Mining Journal

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

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

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