Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD: Whale Tail grows at Agnico’s Amaruq

NUNAVUT – Agnico Eagle Mines of Toronto has completed a 144-hole drill program at the Amaruq gold project 50 km northwest of its Meadowbank mine. The company signed an exploration agreement with Nunavut Tunngavik Inc. giving it a 100% in...

Canadian Mining Journal Staff | November 12, 2014 | 3:22 pm

GOLD: Brewery Creek PEA points way for Golden Predator

YUKON – Golden Predator Mining Corp., headquartered in Hayden, ID, says the preliminary economic assessment of the Brewery Creek gold property gives the project a net present value of $18.1 million if gold is US$1,150/oz or $114.5 million...

Canadian Mining Journal Staff | November 12, 2014 | 3:18 pm

AWARD: Best junior in NB is Puma Exploration

NEW BRUNSWICK – This year's best junior mining company in New Brunswick is Puma Exploration of Rimouski, QC. The award was bestowed by the New Brunswick Prospectors and Developers Association for Puma's $10-million spending on exploration...

Canadian Mining Journal Staff | November 12, 2014 | 3:15 pm

COPPER: EDC’s $300M Codelco financing to spur sales of Canadian equipment

OTTAWA – Export Development Canada (EDC) today announced the disbursement of US$300 million in financing for Chile’s state-owned copper production company, Corporación Nacional del Cobre de Chile (Codelco). The loan was...

Canadian Mining Journal Staff | November 12, 2014 | 3:13 pm

M&A deals should double in value in 2014

Mergers and acquisitions (M&A) in the mining sector should double in value this year compared to 2013, where deal volumes fell short of the $90 billion mark, according to a new report by Grant Thornton.

Canadian Mining Journal Staff | November 12, 2014 | 3:11 pm

COMMENT: Taking a sharp knife to gold miners

Cut, cut, cut. As market factors cut the price of gold, so miners are struggling to cut the cost of producing it, shaving away with staff cuts, asset sales, operating costs, and closure.

Canadian Mining Journal Staff | November 11, 2014 | 4:04 pm

IRON ORE: Labec Century named Newfoundland explorer of year for Joyce Lake

LABRADOR – Labec Century Iron Ore, a joint venture of Toronto-based Century Iron Mines (60%) and China's WISCO (40%), has won the 2014 Explorer of the Year Award presented by the CIM Newfoundland Branch at its annual awards banquet last...

Canadian Mining Journal Staff | November 11, 2014 | 4:02 pm

GOLD: AuRico buys into Lynn Lake camp

MANITOBA – AuRico Gold of Toronto has subscribed for 70.6 million common shares of Carlisle Goldfields at a price of $0.08 per share for a total consideration of about $5.6 million. AuRico now holds a 19.9% equity interest in Carlisle and...

Canadian Mining Journal Staff | November 11, 2014 | 4:00 pm

NICKEL-COPPER: Nickel North cuts 2.1% Ni, 2.7% Cu and 0.6 g/t PGM at Hawk Ridge

QUEBEC – Vancouver's Nickel North Exploration is pleased with the initial diamond drilling results from the Hawk Ridge property in the Ungava Bay area.

Canadian Mining Journal Staff | November 11, 2014 | 3:51 pm

Canadian Zinc fine-tunes its plan at Prairie Creek

VANCOUVER — It’s a tough market for juniors with development stage assets, and that’s especially true for Canadian Zinc (TSX: CZN; US-OTC: CZICF) and its Prairie Creek polymetallic project, 500 km west of Yellowknife in...

Canadian Mining Journal Staff | November 11, 2014 | 3:50 pm

MERGER: New Gold solidifies Rainy River with Bayfield offer

ONTARIO – Toronto's New Gold is consolidating its land position at the Rainy River gold project by making an offer to acquire Bayfield Ventures of Vancouver. Bayfield's assets include three properties adjacent to New Gold's project 160 km...

Canadian Mining Journal Staff | November 10, 2014 | 4:04 pm

GOLD: Maudore to shutdown Sleeping Giant mine and mill

QUEBEC – Maudore Minerals of Val d'Or, QC, and its operating subsidiary Aurbec Mines have decided to shut down the Sleeping Giant mine and mill 75 km north of Amos. The property will be placed on care and maintenance by the end of this...

Canadian Mining Journal Staff | November 10, 2014 | 4:02 pm

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