Market shows signs of financing life
VANCOUVER – Money is sneaking back into the mining sector, but only for some.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
COMMENT: Chilean court cancels Pascua-Lama fine, retains suspension
As we are used to hearing – there is good news and bad news. This time Toronto's Barrick Gold is on the receiving end of both, thanks to the environmental court in Chile. At issue is the future of the expensive Pascua-Lama gold project...
URANIUM: Nothing but high grades at Fission’s PLS project
SASKATCHEWAN – There seems to be no stopping Fission Uranium as it continues to drill its Patterson Lake South property on the southwest edge of the Athabasca Basin. The Kelowna, BC-based company keeps hitting off scale grades as winter...
GOLD: KLGold drills 5.5+ oz/ton at Amalagamated Break
ONTARIO – Kirkland Lake Gold, based in the town of the same name, recently drilled 189.94 g/t Au (5.54 opt) over 0.3 metres true width on the South Claims property. The core contained visible gold at about 205 metres below surface.
EXPLOSIVES: Nordex to expand three projects
KIRKLAND LAKE, Ontario – Nordex Explosives has begun three projects designed to expand the corporation's footprint in the explosives business. These three new projects focused on the custom design and building of specialty bulk trucks;...
PDAC: Goldcorp COO discusses ‘operating for excellence’
VANCOUVER — In a climate of volatile gold prices and rising costs, producers have become increasingly focused on streamlining and improving operations at established, brownfield assets, and Vancouver-based Goldcorp (TSX: G; NYSE: GG) is...
COMMENT: Show me the money
Canadian mine financing occupied much of the talk at the recent Prospectors & Developers Association Canada's annual convention. The topic gets hotter and hotter every year as potential investors are lukewarm at best. Now there is reason to...
GOLD: Recoveries excellent in tests, says Lexam
ONTARIO – Gold recoveries during metallurgical tests from its four gold properties in Timmins are "excellent," according to Lexam VG Gold of Toronto. Recoveries range from 90.7% to 98.5%, in line with historical recoveries from the...
MINING PEOPLE: Copper North, Dorsey & Whitney LLP, First Majestic, and Majestic Gold
Copper North Mining Corp. of Vancouver has named Dr. Harlan Meade as president, CEO and director. He is the holder of a doctorate in geology and a MBA. He was the former president and CEO of Selwyn Resources.
PDAC: Factors that affect whether a discovery turns into a mine
Less than half of the discoveries made since 1950 have turned into mines so far, Richard Schodde, managing director of Melbourne-based MinEx Consulting, said at the annual Prospectors and Developers Association of Canada's (PDAC) convention in...
COPPER: Imperial rounds up cash to finish Red Chris
VANCOUVER – Earlier this week, Imperial Metals Corp. of Vancouver launched a US$325-million senior notes offering as part of the financing for the completion of the Red Chris copper mine and mill 80 km south of Dease Lake, BC. The notes...
GOLD: Laurentian buys Madsen project
ONTARIO – Laurentian Goldfields of Vancouver has completed the purchase of the Madsen gold project 16 km west of Red Lake. Madsen is a former producer that operated from 1938-74 and 1997-99, producing over 2.45 million oz of gold.
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 […]