Canadian Mining Journal Staff

MONEY: KWG offers flow-through shares and units

TORONTO – KWG Resources has announced plans to issue both flow-through shares and units in a bid to raise between $4 million and $10 million. The money will be used for exploration at the Koper Lake and Fishtrap Lake projects, to continue...

Canadian Mining Journal Staff | August 18, 2014 | 4:18 pm

GOLD: GTA, Balmoral choose joint venture for Northshore property

ONTARIO – GTA Resources and Mining of Burlington, ON, has advised Balmoral Resources of Vancouver that it will not exercise its second option on the Northshore gold property near Schreiber. Instead, a joint venture will be created with...

Canadian Mining Journal Staff | August 18, 2014 | 4:16 pm

Ousted Cliffs CEO to receive US$11M payment

Struggling iron ore and coal miner Cliffs (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.

Canadian Mining Journal Staff | August 18, 2014 | 4:15 pm

POWER: Northwest Transmission Line lights up remote BC

BRITISH COLUMBIA – On August 13, 2014, the Northwest Transmission Line was powered up, bringing electricity to a remote region in the northwest part of the province. The 287-kV line runs from near Terrace to a new substation near Bob...

Canadian Mining Journal Staff | August 14, 2014 | 4:13 pm

GOLD: IamGold sees jump in net cash to over $96M in Q2

TORONTO – IamGold Corp. recorded revenues of US$288.6 million in Q2 2014, up from the US$301.1 million in the same quarter of 2013. That left the company with net cash from operations of US$96.8 million, up 155% from the US$37.9 million...

Canadian Mining Journal Staff | August 14, 2014 | 4:12 pm

GOLD: Canadian Malartic post-acquisition resource numbers

QUEBEC – Co-owners Agnico Eagle Mines and Yamana Gold have announced new resource numbers for the Canadian Malartic gold mine near the town of Malartic. This is the first update since the two companies acquired the property in June 2014.

Canadian Mining Journal Staff | August 14, 2014 | 4:09 pm

MINING PEOPLE: International Northair, Karnalyte Resources, Redhill, and Santacruz Silver

The new president and CEO of International Northair Mines will be Andrea Zaradic, who previously held those positions at Troon Ventures. She holds a masters degree in mechanical engineering from the University of British Columbia. David Ernst,...

Canadian Mining Journal Staff | August 14, 2014 | 4:07 pm

Midway, Barrick boost Spring Valley resource to 5.5 Moz. gold

VANCOUVER — Midway Gold (TSX: MDW; NYSE-MKT: MDW) is best known for its pair of development stage assets in Nevada — namely its Pan and Gold Rock projects in White Pine County — but the company also has a joint venture with...

Canadian Mining Journal Staff | August 14, 2014 | 4:05 pm

EQUITIES: EY sees growth as metals prices rise

TORONTO – Once again EY has examined the Canadian mining equities market and has found reasons to be optimistic, according to its latest Canadian Mining Eye: Q2 2014. The report points out the index gained 9% during the quarter and...

Canadian Mining Journal Staff | August 13, 2014 | 3:51 pm

URANIUM – Fission reports more high grade holes

SASKATCHEWAN – The final assays from the winter drill program at the R zone at Patterson Lake South uranium project follow the trend of revealing high grade mineralization. Owner Fission Uranium of Kelowna, BC, says that 78 of the 80...

Canadian Mining Journal Staff | August 13, 2014 | 3:49 pm

GOLD: Starting to roll at the Granada mine

QUEBEC – Gold Bullion Development Corp. of Vancouver says the rolling start at its Granada gold mine near Rouyn-Noranda is closer than ever. The company has a permit to conduct more trenching in an effort to precisely define the best...

Canadian Mining Journal Staff | August 13, 2014 | 3:47 pm

EXPLOSIVES: Nordex blasts into western Canada

KIRKLAND LAKE, Ontario – Nordex Explosives has signed an agreement in principle with the Pacific Group of Companies for a joint venture that will introduce Nordex products and services to western Canada. Based in British Columbia, PCG has...

Canadian Mining Journal Staff | August 13, 2014 | 3:46 pm

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