Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD: Miners report 2013 output and 2014 guidance

Is it good planning or good luck when four major Canadian gold miners chose the same day, Feb. 13, to release their year end production numbers and 2014 guidance? Here is a quick look at what they reported (in US dollars).

Canadian Mining Journal Staff | February 13, 2014 | 5:34 pm

BASE METALS: Teck profit down 17% after good year

VANCOUVER – Gross profit before depreciation and amortization at Teck Resources was $3.7 billion in 2013, compared to 4.5 billion in 2012. That is a drop of 17%, but at least the company is in the black.

Canadian Mining Journal Staff | February 13, 2014 | 5:32 pm

GOLD: North Madsen contains more than top 1M oz

ONTARIO – The updated resource estimate for the North Madsen gold project owned by Mega Precious Metals of Thunder Bay, ON, contains over 1.0 million oz of the yellow metal. The company said it is increasingly confident in the project,...

Canadian Mining Journal Staff | February 13, 2014 | 5:31 pm

MINING PEOPLE: AME BC, Lamelee, and Peregrine

Harvey McLeod of Klohn Crippen Berger has received the Robert R. Hedley Award from the Association for Mineral Exploration British Columbia. The award recognizes AME BC members working globally and who made significant contributions or advances...

Canadian Mining Journal Staff | February 13, 2014 | 5:29 pm

SOFTWARE: StruxureWare promises up to 30% in energy savings

RALEIGH, North Carolina - Schneider Electric, a global specialist in energy management, has released StruxureWare for Mining, Minerals and Metals, a comprehensive suite of applications that optimizes production operations to reduce costs and...

Canadian Mining Journal Staff | February 13, 2014 | 5:28 pm

Drost set to steer Carlisle Goldfields towards production

After Sandstorm Gold (TSX: SSL) purchased Premier Royalty, Abraham Drost, the latter company's CEO, found himself looking for his next gig.

Canadian Mining Journal Staff | February 13, 2014 | 5:25 pm

COMMENT: The Conservatives’ boring budget

On Tuesday afternoon federal Finance Minister Jim Flaherty delivered the latest budget from the ruling Conservative party, a budget that has earned the sobriquet "boring". There were no big new programs, no new tax relief measures for the young...

Canadian Mining Journal Staff | February 12, 2014 | 4:29 pm

GOLD: Richmont resources up, W Zone written down

MONTREAL – Richmont Mines has announced larger mineral reserve and resource estimates despite having to write down the W Zone mine. Total ounces in proven and probable reserves increased 3% year-over-year, in measured and indicated...

Canadian Mining Journal Staff | February 12, 2014 | 4:25 pm

IRON ORE: Cliffs idles Wabush Mines amid capex cuts

CLEVELAND, Ohio – Cliffs Natural Resources is slashing its 2014 capital expenditure budget by more than 50%. This year it has a budget of between US$375 million and US$425, compared to the US$862 million it spent in 2013.

Canadian Mining Journal Staff | February 12, 2014 | 4:23 pm

Highland Copper builds ‘critical mass’ in Michigan with Copperwood

Just three months after Highland Copper (TSXV: HI) worked out a deal to buy the White Pine project in northern Michigan from a subsidiary of First Quantum Minerals (TSX: FM), the Quebec-based company is back at it again – enlarging its...

Canadian Mining Journal Staff | February 12, 2014 | 4:21 pm

OPPORTUNITY: Equipment Maintenance & Repair coming soon

Canadian Mining Journal publisher, Robert Seagraves, is pleased to announce the introduction of a twice-yearly supplement, Equipment Maintenance & Repair (EM&R), to complement the 130+ year old CMJ publication.

Canadian Mining Journal Staff | February 11, 2014 | 4:20 pm

GOLD: Rubicon’s Phoenix on the rise

ONTARIO – Rubicon Minerals Corp. of Toronto has completed sinking the shaft at its Phoenix gold project near Red Lake. The shaft is 730 metres deep with a loading pocket on the 337 metre level. Two 10-tonne skips and two cages have been...

Canadian Mining Journal Staff | February 11, 2014 | 4:12 pm

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