Canadian Mining Journal Staff

TAKEOVER: Yamana bulks up treasury for Osisko deal

TORONTO – Yamana Gold has received commitments for a two-year, US$750-million senior unsecured term facility. The company intends to use the money for corporate and working capital, including Yamana's cash portion of Osisko Mining...

Canadian Mining Journal Staff | April 17, 2014 | 3:52 pm

GOLD: Leaching test recovery tops 85% from Coffee oxide samples

YUKON – Kaminak Gold Corp. of Vancouver is encouraged that column leach tests of bulk, coarsely crushed surface oxide samples from the Coffee gold project 130 km south of Dawson City resulted in gold recoveries between 85% and 88%....

Canadian Mining Journal Staff | April 17, 2014 | 3:51 pm

MINING PEOPLE: Athabasca Nuclear and Cogitore

Athabasca Nuclear Corp. of Calgary has named Ryan Kalt to the role of CEO. He had been serving as CEO for several weeks in an interim capacity. Under his leadership, the company has shifted its focus to the Preston uranium project in northern...

Canadian Mining Journal Staff | April 17, 2014 | 3:50 pm

Uranerz Energy’s Nichols Ranch starts production

Uranerz Energy (TSX: URZ; NYSE-Arca: URZ) has become the newest member of a small club of uranium producers after its first uranium mine, Nichols Ranch, received final clearance from the U.S. Nuclear Regulatory Commission and began production...

Canadian Mining Journal Staff | April 17, 2014 | 3:48 pm

TAKEOVER: Price for Osisko jumps to $3.9B in new 3-way deal

MONTREAL and TORONTO – Osisko Mining Corp., Yamana Gold and Agnico Eagle Mines have arrived at a three-way friendly agreement whereby Yamana and Agnico Eagle together will purchase all of Osisko's outstanding common shares for total...

Canadian Mining Journal Staff | April 16, 2014 | 4:15 pm

GOLD: PEA outlines small, low capex Goldboro mine

NOVA SCOTIA – Montreal-based Orex Exploration has summed up the potential of the Goldboro gold project as a small, low capital cost mechanized underground mine. Initial output would be 21,000 oz of gold per year and rising to 30,000...

Canadian Mining Journal Staff | April 16, 2014 | 4:13 pm

COAL: Walter Energy to close three mines in BC

BRITISH COLUMBIA – Walter Energy of Birmingham, AL, has announced plans to close two of its coal mines in British Columbia due to low coal prices and soft markets. The Wolverine mine at Tumbler Ridge will be closed immediately, idling...

Canadian Mining Journal Staff | April 16, 2014 | 4:11 pm

ENVIRONMENT: GE technology removes selenium from coal mining wastewater

TREVOSE, Pennsylvania – Anglo American has selected GE’s Advanced Biological Metals removal process (ABMet) technology to remove nitrate and selenium from wastewater discharge at its Peace River Coal Trend mine in Tumbler Ridge, BC....

Canadian Mining Journal Staff | April 16, 2014 | 4:08 pm

Rio Tinto struggles with iron ore, Oyu Tolgoi in first quarter

VANCOUVER — Despite setting a variety of production records during the first quarter, major Rio Tinto (NYSE: RIO; LON: RIO) is not off to the best start to 2014. The company struggled with weather issues at its iron ore operations in...

Canadian Mining Journal Staff | April 16, 2014 | 4:06 pm

COMMENT: The Elliot Lake strike and 40 years of safer mines

Forty years ago uranium miners in Elliot Lake, ON, staged a wildcat strike to call attention to the need for improved health and safety conditions. Silicosis and lung cancer were occupational hazards. The miners' determination, and that of...

Canadian Mining Journal Staff | April 15, 2014 | 4:21 pm

GOLD: Appalaches begins mining at Dufferin

NOVA SCOTIA – Mining has begun at the underground Dufferin gold mine belonging to Ressources Appalaches of Rimouski, QC. The mine and mill are located near Port Dufferin. The ore will be stockpiled on surface n anticipation of mill...

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

LEAD: First Majestic makes US$30M forward sale

VANCOUVER – First Majestic Silver Corp. has entered into a US$30-million forward sale contract for 35% of the company's future lead production. The Bank of America Merrill Lynch will pay US$0.945/lb and take delivery of 15,911.3 tonnes of...

Canadian Mining Journal Staff | April 15, 2014 | 4:13 pm

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