Canadian Mining Journal Staff

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

MINING PEOPLE: China Gold, Colombia Crest, SnipGold, and Woulfe Mining

Xin Song has resigned his position as CEO at China Gold International of Vancouver to become the company's chairman. Bing Liu, a director of the company, has been named CEO.

Canadian Mining Journal Staff | February 27, 2014 | 3:48 pm

Alderon secures power for Kami project

Alderon Iron Ore (TSX: ADV; NYSE: AXX) says it has confirmed a power supply for its Kami iron ore project in the Labrador Trough, checking off another milestone this year.

Canadian Mining Journal Staff | February 27, 2014 | 3:47 pm

GOLD: Barrick sells Hemlo royalties to Mineral Streams

ONTARIO – Mineral Streams of Toronto has acquired two gold royalties on the output from Barrick Gold's Hemlo complex near Marathon, 350 km east of Thunder Bay. The first is a 0.25% net smelter return on the Williams mine. The other is a...

Canadian Mining Journal Staff | February 26, 2014 | 4:02 pm

URANIUM: Phoenix deposit yields high grades for Denison

SASKATCHEWAN – Toronto-based Denison Mines Corp. continues to explore for uranium in the Athabasca Basin. Of particular interest are the high grades intersected at Zone A of the Phoenix deposit on the Wheeler River property (between Key...

Canadian Mining Journal Staff | February 26, 2014 | 3:58 pm

BASE METALS: Trevali intersects long and strong Zn-Pb-Cu at Stratmat

NEW BRUNSWICK – Trevali Mining Corp. of Vancouver is intersecting multiple high grade massive sulphide lenses over what it says are significant intervals at its Stratmat zinc-lead-copper deposit in the Bathurst Mining Camp. The deposit...

Canadian Mining Journal Staff | February 26, 2014 | 3:55 pm

COPPER-NICKEL: Tonnage grows for Duluth Metals in Minnesota

MINNESOTA – Duluth Metals of Toronto has increased the metal content as well as the tonnage of the resources in four deposits at its Twin Metals project in the northeast part of the state.

Canadian Mining Journal Staff | February 26, 2014 | 3:53 pm

Altan CEO gets creative to finance greenfield exploration

VANCOUVER — It has been a lean two years for explorers working on greenfield discoveries, and president and CEO Evan Jones has seen just how tough capital markets have been on juniors as he's guided a pair of companies advancing...

Canadian Mining Journal Staff | February 26, 2014 | 3:52 pm

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