INFRASTRUCTURE: Ontario pledges $1B for Ring of Fire
TORONTO – The Ontario government has pledged $1 billion for infrastructure in the Ring of Fire and challenged the federal government to match it.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
OFFERING: Altius shares to be issued to raise $65M+
St. John's, Newfoundland – Altius Minerals Corp. has announced plans to make a $65 million offering of common shares with which to purchase coal mines and royalties. If the overallotment is fully subscribed as well, the total raised will...
TRADES: First class of welders graduates Northern College
NUNAVUT – Northern College and the Hamlet of Arviat are celebrating the successful graduation of the first Arviat Welding Trade Readiness trainees. The program was delivered through a partnership between the college and the hamlet, with...
Fission finishes winter at PLS with more hot holes
VANCOUVER – Fission Uranium’s (TSXV: FCU) winter drill program at Patterson Lake South (PLS) in the southwest Athabasca Basin was a remarkable success.
GOLD: Development reaches upper part of Island Gold Deep resource
ONTARIO – Development into the C zone has reached the upper portion of the Island Gold Deep resource, reports Richmont Mines of Montreal. Chip samples from the face taken during lateral drift development on the 560 metre level averaged a...
ZINC-LEAD: Winter drilling success for Goldstar at Julien
QUEBEC – Goldstar Minerals has been drilling at its Julien zinc-lead property 100 km east of Mattagami. Several coincident induced polarization and magnetic anomalies in the north-central part of the property were successfully tested.
GOLD: Premier to test potential pits near Hardrock
ONTARIO – Premier Gold Mines plans to drill two highly prospective open pit targets along strike from its Hardrock gold project near Thunder Bay. The Bankfield West and Viper properties will be tested.
Osisko drill results lift Abitibi Royalties to new heights
Yamana Gold (TSX: YRI) and Agnico Eagle Mines (TSX: AEM) bid for Osisko Mining (TSX: OSK) looks just a bit better today than it did yesterday.
ZINC-COAL: Tough Q1 forces Teck to lay off 600
VANCOUVER – Teck Resources reported a first quarter adjusted profit of $105 million this year, compared to $328 million in 2013. The downturn occurred in the face of weak base metal and coal prices, compared to a year earlier. Now the...
GOLD: Lexam hopes to develop open pits at historic producers
ONTARIO – Toronto-based Lexam VG Gold has the results of a preliminary economic assessment based on developing open pits to recover gold from four former producers – Buffalo Ankerite, Davidson Tisdale, Fuller and Paymaster –...
TAKEOVER: Goldcorp’s offer for Osisko expires
VANCOUVER – Goldcorp says that the minimum tender offer for its takeover of Osisko Mining Corp. was not met by 11:59 pm EDT on April 22, 2014. Therefore, the offer was allowed to expire and Goldcorp did not take up any of the Osisko...
PUMPS: KSB targets energy savings with two new products
MISSISSAUGA, Ontario - KSB Pumps has introduced two innovative new product families aimed at helping pump owners reduce their energy bills.
Orla Mining acquires Musselwhite gold mine
Orla Mining (TSX: OLA; NYSE: ORLA) has completed its acquisition of the Musselwhite gold mine in Ontario from Newmont (XTSE: NGT). Musselwhite is a […]