Canadian Mining Journal Staff

GOLD: Lake Shore repays $20M loan early

TORONTO – Lake Shore Gold will repay the $20-million balance on its standby line of credit on Dec. 31, 2014. The payment will include the balance plus $1.4 million in fees. The company says the early repayment will save it $2.4 million in...

Canadian Mining Journal Staff | December 17, 2014 | 4:05 pm

SILVER: Fortuna to expand San Jose mill to 3,000 t/d

MEXICO – Fortuna Silver Mines of Vancouver, operator of the San Jose underground silver mine 47 km south of Oaxaca, plans to increase mill throughput by 50% – to 3,000 from 2,000 t/d. The expansion will be accompanied by...

Canadian Mining Journal Staff | December 17, 2014 | 4:04 pm

RUBY: True North Gems updates progress at Aappaluttoq

GREENLAND – Vancouver-based True North Gems started construction of the Aappaluttoq ruby mine 150 km south of Nuuk in September 2014, despite the early cold. The pre-fabricated mine camp is on its way from Nuuk and foundation work for the...

Canadian Mining Journal Staff | December 17, 2014 | 4:02 pm

West Kirkland brings new life to Hasbrouck, Three Hills

TONOPAH, Nevada — There’s a wealth of history in the ground at West Kirkland Mining’s (TSXV: WKM; US-OTC: WKLDF) recently acquired Hasbrouck and Three Hills gold properties in Esmeralda county, NV, but new ideas are what...

Canadian Mining Journal Staff | December 17, 2014 | 4:00 pm

COMMENT: Economic outlook in 2015 brightens for territories

OTTAWA – The economic outlook for Canada's territories looks bright in 2015, according to the latest Territorial Outlook published by the Conference Board of Canada.

Canadian Mining Journal Staff | December 16, 2014 | 4:36 pm

GOLD: New finds in Chile and Brazil boost outlook for Yamana

BRAZIL and CHILE – Toronto's Yamana Gold announced two new gold discoveries this week that it says boost its operational outlook. The company hit the best drill intersections ever encountered at its Chapada mine in Goias state Brazil. And...

Canadian Mining Journal Staff | December 16, 2014 | 4:34 pm

GOLD: Stog’er Tight continues to grow for Anaconda

NOVA SCOTIA – Anaconda Mining of Toronto must be please with the 2014 drill program at the Stog'er Tight gold deposit, located 3 km east of the Pine Cove mill near Baie Verte. Sixteen infill holes were drilled, and the best of them...

Canadian Mining Journal Staff | December 16, 2014 | 4:31 pm

Miners adapt to lower coal prices

Thermal coal prices recently touched a five-and-a-half year low of US$62.25 per tonne and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.

Canadian Mining Journal Staff | December 16, 2014 | 4:29 pm

COAL: Morien withdraws from Donkin project

NOVA SCOTIA - Morien Resources Corp. of Halifax is giving up its 25% working interest in the Donkin coal project in Cape Breton.

Canadian Mining Journal Staff | December 15, 2014 | 3:51 pm

DIAMONDS: Metis Nation signs impact benefit deal for Gahcho Kue

NORTHWEST TERRITORIES – The NWT Metis Nation, De Beers Canada and Mountain Province Diamonds have signed an impact benefit agreement for the Gahcho Kue diamond mine 280 km northeast of Yellowknife. The project is a joint venture of...

Canadian Mining Journal Staff | December 15, 2014 | 3:50 pm

GOLD-COPPER: AuRico discovers new porphyry at Kemess East

BRITISH COLUMBIA – AuRico Gold of Toronto say its 2014 exploration drilling program delineated a new porphyry mineralized system at Kemess East, located 1.0 km east of the company's Kemess underground project 430 km northwest of Prince...

Canadian Mining Journal Staff | December 15, 2014 | 3:48 pm

GOLD-ANTIMONY: Midas completes PFS for Stibnite project

IDAHO – Vancouver-based Midas Gold Corp. has completed a pre-feasibility study for its Stibnite gold project near McCall. Not only are the results of the study positive, the company says redevelopment of the brownfield site has the...

Canadian Mining Journal Staff | December 15, 2014 | 3:44 pm

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