Canadian Mining Journal Staff

NICKEL: Ambatovy boosts Sherritt bottom line

TORONTO – Sherritt International registered a combined revenue figure for 2014 of $1.14 billion, due in part to the 47% increase in nickel production from the Ambatovy project in Madagascar. Sherritt's share of production (40%) was 14,821...

Canadian Mining Journal Staff | February 12, 2015 | 4:14 pm

ZINC-COAL: Outlook good for Teck despite revenue drop

VANCOUVER – Teck Resources reported that gross profit before depreciation and amortization in 2014 was $2.9 billion compared with $3.7 billion in the previous year. But the company was able to close the year with a cash balance of $2.0...

Canadian Mining Journal Staff | February 12, 2015 | 4:13 pm

GOLD-SILVER: Yamana to move forward with Cerro Moro

ARGENTINA – Yamana Gold of Toronto has announced its decision to proceed with the construction of the Cerro Moro project, a high grade, low cost gold-silver property in Santa Cruz province. In the first three years of production, output...

Canadian Mining Journal Staff | February 12, 2015 | 4:11 pm

MINING PEOPLE: KSB Pumps, North American Nickel, and Peregrine Diamonds

Michael Blundell is now president of KSB Group's U.S. operations, headquartered in Richmond, VA. He assumes his new duties while retaining his responsibilities as president of KSB's Canadian subsidiary.

Canadian Mining Journal Staff | February 12, 2015 | 4:07 pm

Midas prepares for permitting journey at Stibnite in Idaho

VANCOUVER — Junior Midas Gold (TSX: MAX; US-OTC: MDRPF) has invested a lot of time and capital in carving out a promising development scenario at its rebranded Stibnite gold project 16 km east of Yellow Pine, Idaho. The...

Canadian Mining Journal Staff | February 12, 2015 | 4:06 pm

GOLD: Kinross puts brakes on Tasiast expansion

MAURITANIA – Kinross Gold of Toronto has decided not to proceed with the expansion at its Tasiast gold mine in this African country. The project feasibility study, released in March 2014, proposed that the mill be expanded to 38,000 t/d...

Canadian Mining Journal Staff | February 11, 2015 | 4:13 pm

URANIUM: Fission Uranium buying into Fission 3.0

KELOWNA, BC – Fission Uranium Corp., owner and operator of the Patterson Lake South project in the Athabasca Basin, has agreed to purchase 22 million common shares of Fission 3.0 Corp. at a price of $0.14 per share. The arrangement will...

Canadian Mining Journal Staff | February 11, 2015 | 4:11 pm

FILM: NovaGold, Donlin Gold create series on Alaska life

VANCOUVER – NovaGold Resources and project operator Donlin Gold LLC are collaborating on a four-part series of videos to capture and explain a way of life in Alaska where the Donlin gold project is under development. (Barrick Gold holds a...

Canadian Mining Journal Staff | February 11, 2015 | 4:10 pm

TRAINING: SNC-Lavalin to offer 3-D training for plant safety and efficiency

MONTREAL – SNC-Lavalin has signed an agreement with Honeywell Process Solutions to jointly offer an operator training solution to improve plant safety and efficiency.

Canadian Mining Journal Staff | February 11, 2015 | 4:08 pm

Tahoe Resources to team up with Rio Alto Mining

After a brief courtship that started at the Denver Gold Forum in September 2014, Tahoe Resources (TSX: THO; NYSE: TAHO) and Rio Alto Mining (TSX: RIO; NYSE: RIOM) have decided to tie the knot.

Canadian Mining Journal Staff | February 11, 2015 | 4:07 pm

PALLADIUM: Two zones return high grades for NAP

ONTARIO – The drilling that Toronto's North American Palladium did at its Lac des Iles mine returned multiple intersections of mineralization over good core lengths from both the Lower Offset zone and the outcropping Powerline zone.

Canadian Mining Journal Staff | February 10, 2015 | 4:05 pm

URANIUM: Fission expands R780E zone to 95 metres

SASKATCHEWAN – Fission Uranium of Kelowna, BC, has the results of nine step-out angled drill holes from the Patterson Lake South project near the southwest rim of the Athabasca Basin. Drilling has expanded the R780E zone significantly...

Canadian Mining Journal Staff | February 10, 2015 | 4:04 pm

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