Canadian Mining Journal Staff

GOLD: Horne 5 deposit hosts 2+M oz for Falco Pacific

QUEBEC – Falco Pacific Resource Group has calculated the initial mineral resources estimate for the upper portion of its Horne 5 gold and base metals deposit in Rouyn-Noranda. Numbers quoted are for drilling to the 1,700 vertical metres;...

Canadian Mining Journal Staff | March 4, 2014 | 4:14 pm

BUCKET ELEVATOR: Aumund new configuration extends belt life

GERMANY – The new Aumund type BWG-GK bucket elevator for coarse material features a innovative configuration principle, one that can significantly extend the belt life. The narrow, overlapping positions of the buckets hide the belt so...

Canadian Mining Journal Staff | March 4, 2014 | 4:13 pm

Short-term investment focus has to go, Franco-Nevada’s Harquail tells PDAC

David Harquail, president and CEO of gold royalty company Franco-Nevada (TSX:FNV; NYSE: FNV), first started coming to the Prospectors and Developers Association of Canada convention when he was a kid in the '60s. His job was to transport rye...

Canadian Mining Journal Staff | March 4, 2014 | 4:12 pm

TAKEOVER: Osisko, Goldcorp settle litigation

MONTREAL and VANCOUVER: Osisko Mining Corp. and Goldcorp have reached an agreement to settle the proceeding that Osisko commenced against Goldcorp in the Quebec Superior Court. Osisko alleged that Goldcorp misused confidential information in...

Canadian Mining Journal Staff | March 3, 2014 | 4:18 pm

MAGNESIUM: New pilot plant coming to Quebec

QUEBEC – The government of Quebec has offered a $2.5-million interest free loan to help build a pilot plant to confirm the economic viability of a new technology for producing magnesium. Alliance Magnesium will built the facility near...

Canadian Mining Journal Staff | March 3, 2014 | 4:17 pm

GOLD: Taylor project returns 22.57 g/t over 12.4 metres for SAS

ONTARIO – St Andrew Goldfields (SAS) of Toronto updated results of its underground drilling program with the good news that a 12.4-metres section of core assayed 22.57 g/t Au from hole T220-022, and a 4.80-metre section assayed 12.49 g/t...

Canadian Mining Journal Staff | March 3, 2014 | 4:11 pm

SURVEY: Alberta best place to mine in Canada

CALGARY - Alberta remains the most attractive jurisdiction for mining investment in Canada, according to the annual global survey of mining executives released on March 3, 2014, by the Fraser Institute. Alberta ranked first in Canada and third...

Canadian Mining Journal Staff | March 3, 2014 | 4:08 pm

GOLD: Goldcorp secures $40M closure fund for lonore

QUEBEC – Goldcorp announced on March 3 that it has secured a bond in the amount of $40.1 million to cover all of the closure costs related to the Éléonore mine site in the James Bay region. The mine is to begin production...

Canadian Mining Journal Staff | March 3, 2014 | 4:07 pm

Rough and tumble M&A: Watch for more hostile bids, distressed M&A this year

The days of mining companies being offered fat premiums by potential buyers are but a distant dream to shareholders.

Canadian Mining Journal Staff | March 3, 2014 | 4:02 pm

COPPER: Taseko’s New Prosperity again fails to gain environmental okay

OTTAWA – The Hon. Leona Aglukkaq, federal minister of the environment, issued a statement on Feb. 26 denying authorization for Taseko Mines to proceed with development of the New Prosperity copper mine in British Columbia.

Canadian Mining Journal Staff | February 27, 2014 | 3:54 pm

GOLD: Alderon’s Dufferin mine to reach production in next 60 days

NOVA SCOTIA –Appalaches Resources of Rimouski, QC, says that the reopened Dufferin gold mine near Port Dufferin will start producing gold in the next 60 days. Full production at a rate of 300 t/d will be reached within the next six months.

Canadian Mining Journal Staff | February 27, 2014 | 3:52 pm

URANIUM: Results positive from met tests, ore sorting says Kivalliq

NUNAVUT – Kivalliq Energy Corp. of Vancouver is encouraged by the positive results of the metallurgical tests and radiometric ore sorting study on material from its Angilak uranium property in the territory. The company has been exploring...

Canadian Mining Journal Staff | February 27, 2014 | 3:50 pm

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