Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD: Osisko cuts 1.53 g/t over 87 metres at Upper Beaver

ONTARIO – Montreal-based Osisko Mining Corp. has intersected 1.53 g/t Au (and 0.04% Cu) over 87.0 metres at the Upper Beaver deposit. The deposit is one of five with NI 43-101 resources at the company's Kirkland Lake project near the town...

Canadian Mining Journal Staff | April 14, 2014 | 4:28 pm

COPPER: Glencore sells Las Bambas for $5.85B to Chinese

PERU – Swiss miner Glencore Xstrata Plc has agreed to sell its Las Bambas copper project to a consortium 65% owned by MMG Limited of Hong Kong, 22.5% Guoxin International Corp. and 15.0% by Citic Metal Co. Price of the transaction is...

Canadian Mining Journal Staff | April 14, 2014 | 4:27 pm

Copper Mountain up 11% on record Q1 production

Vancouver-based Copper Mountain Mining (TSX: CUM) saw its shares climb after revealing record first quarter copper production at its 75%-held Copper Mountain mine near Princeton, BC.

Canadian Mining Journal Staff | April 14, 2014 | 4:25 pm

TAKEOVER: Goldcorp ups offer for Osisko to $3.6B

VANCOUVER – Goldcorp has increased its hostile takeover offer for Osisko Mining Corp. to $7.65 per share in cash and shares, making this a deal worth $3.6 billion, a billion more than its initial hostile takeover offer on Jan. 13....

Canadian Mining Journal Staff | April 10, 2014 | 4:24 pm

DIAMONDS: Stornoway secures $944M for Renard completion

QUEBEC – Stornoway Diamond Corp. of Montreal has struck a multi-player deal for $944 million with which to complete development of its Renard diamond mine (the province's first) 350 km north of Chibougamau. Taking part in the financing...

Canadian Mining Journal Staff | April 10, 2014 | 4:22 pm

LITHIUM: One-thousand-hour test confirms 99.99% LiOH grade

QUEBEC – Nemaska Lithium of Quebec City says the 1,000-hour test of its patent pending electrolysis process produced a 99.99% LiOH (lithium hydroxide). The test was run on lithium sulphate from the company's Whabouchi lithium deposit in...

Canadian Mining Journal Staff | April 10, 2014 | 4:21 pm

RARE EARTHS: New PEA cuts Strange Lake costs in half

LABRADOR – Toronto-based Quest Rare Minerals has improved the outlook for its Strange Lake rare earths project by cutting the construction costs roughly in half. The new number, $1.321 billion, is 48.5% less than the $2.565 billion number...

Canadian Mining Journal Staff | April 10, 2014 | 4:19 pm

Timmins Gold hits the right notes at San Francisco

VANCOUVER — Mexico-focused producer Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is riding positive momentum to start 2014 as the company continues to exceed analyst expectations and set production records at its San Francisco gold-silver...

Canadian Mining Journal Staff | April 10, 2014 | 4:18 pm

GOLD: Duparquet PFS looks at 158,000 oz/year

QUEBEC – The positive prefeasibility study for the Duparquet gold project 50 km from Rouyn-Noranda is in the hands of owner Clifton Star Resources of Quebec City. The report was prepared by InnovExplo with contributions from Tenova Mining...

Canadian Mining Journal Staff | April 9, 2014 | 4:28 pm

GOLD: Goldeye drills 110 g/t and 113 g/t at Weebigee project

ONTARIO – Goldeye Explorations of Toronto has struck bonanza grades at its Weebigee gold project 227 km north of Red Lake. In the RVG4 zone, hole BH14-17 returned 9.35 g/t over 4.51 metres, including 110 g/t over 0.3 metres and 19.9 g/t...

Canadian Mining Journal Staff | April 9, 2014 | 4:27 pm

AWARD: NWOPA bestows discovery of the year on Sunday Lake platinum find

THUNDER BAY, Ontario – The Northwest Ontario Prospectors Association has awarded the Bernie Schneiders Discovery of the Year Award to Transition Metals and Impala Platinum Holdings for their Sunday Lake platinum discovery. The...

Canadian Mining Journal Staff | April 9, 2014 | 4:24 pm

MINING PEOPLE: Laramide Resources, Laurentian Goldfields, Maple Leaf Resource, and Victory Mountain

Toronto-based Laramide Resources has named Bryn Jones its COO. He will lead the development of the company's Westmoreland uranium project in Australia.

Canadian Mining Journal Staff | April 9, 2014 | 4:21 pm

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