Canadian Mining Journal Staff, Author at Canadian Mining Journal

Centerra posts strong Q4, unveils Oksut PEA

VANCOUVER — Producer Centerra Gold (TSX: CG) has been making headlines due to its negotiation with the Kyrgyzstani government over the ownership structure at its flagship Kumtor gold mine 350 km due southeast of the capital Bishkek, but...

Canadian Mining Journal Staff | February 25, 2014 | 4:01 pm

NICKEL: Celebration marks opening of Vale’s Totten mine in Sudbury

ONTARIO – Vale celebrated what its calls its first new mine near Sudbury in over 40 years – the 2,200-t/d underground Totten nickel-copper mine – last Friday, Feb. 21, 2014. Ontario's premier Kathleen Wynne, the federal...

Canadian Mining Journal Staff | February 24, 2014 | 4:14 pm

COMMENT: Smuggling diamonds into Canada?

Pity the poor, misguided woman who was caught last week trying to smuggle diamonds into Canada. The Canada Border Services Agency stopped a foreign woman when she attempted to enter the country at Pearson International Airport. Over 1,500 ct of...

Canadian Mining Journal Staff | February 24, 2014 | 4:13 pm

MERGER: Augusta board says “no” to Hudbay offer

TORONTO – The board of Augusta Resource Corp. unanimously recommends that its shareholders reject the unsolicited takeover offer from Hudbay Minerals. Earlier this month, Hudbay offered to acquire all the issued and outstanding common...

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

BACKFILL: Victaulic offers new diverter valve for paste fill systems

EASTON, Pennsylvania – Victaulic, the world's leading manufacturer of mechanical pipe joining systems, introduces the Series 725 diverter valve, the industry’s first grooved-end valve designed specifically for paste backfill lines....

Canadian Mining Journal Staff | February 24, 2014 | 4:07 pm

Trevali transitions from developer to producer in Peru

It took Trevali Mining (TSX: TV; US-OTC: TREVF) just six months to move its Santander zinc-lead-silver mine in Peru from commissioning to commercial production this week, and now the Vancouver-based company says it’s ready to focus on the...

Canadian Mining Journal Staff | February 24, 2014 | 4:05 pm

COMMENT: Chamber of Commerce wades into Ring of Fire debate

TORONTO – The Ontario Chamber of Commerce has produced a report trumpeting the tens of billions of dollars in economic activity that mineral development in the Ring of Fire could generate. In the first 10 years alone, projects will...

Canadian Mining Journal Staff | February 20, 2014 | 4:37 pm

GOLD: Rubicon finds $100M for Phoenix development

ONTARIO – Ten days ago, Rubicon Minerals Corp. announced a $75-million gold stream agreement for its Rubicon gold mine near Red Lake. Today it has announced a $100-million bought deal financing with which to complete the project.

Canadian Mining Journal Staff | February 20, 2014 | 4:36 pm

BASE METALS: Hudbay tallies year end losses

TORONTO – Hudbay Minerals has finished 2013 with a loss of $109.3 million, or $0.59 per share. The previous year, the company experienced a loss of $23.5 million or $0.12 per share. Revenue totaled $516.8 million in 2013, compared to...

Canadian Mining Journal Staff | February 20, 2014 | 4:33 pm

GOLD: Gold price decline hits IamGold earnings

TORONTO – The 27% drop in the gold price last year as well as declining sales hurt the bottom line at IamGold Corp. despite successful cost cutting measures. The company sold 740,000 oz of gold, generating revenues of $1.15 billion, but...

Canadian Mining Journal Staff | February 20, 2014 | 4:32 pm

PALLADIUM: NAP looks back on transitional year

TORONTO – North American Palladium looked back on 2013 as a transitional year as the new shaft was completed and mining moved to the deeper Offset zone at the Lac des Iles mine in Ontario. Still, the company produced 135,158 oz of payable...

Canadian Mining Journal Staff | February 20, 2014 | 4:30 pm

COPPER: Gibraltar expansion to pay off in 2014

and expanded milling facilities was 121.4 million lb of copper and 1.5 million lb of molybdenum in 2013. Taseko had revenues for 2013 of $290.1 million from the sale of 85.4 million lb of copper and 0.9 million lb of moly (reflecting Taseko's...

Canadian Mining Journal Staff | February 20, 2014 | 4:28 pm

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