Canadian Mining Journal Staff, Author at Canadian Mining Journal

STUDY: Equities focused on costs despite better performance

TORONTO – Canadian mining equities witnessed a slight improvement in performance during the third quarter, but cautious investor sentiment remains, according to Canadian Mining Eye: Q3 published by Ernst & Young. The index tracks 100...

Canadian Mining Journal Staff | November 7, 2013 | 4:14 pm

TAXES: What Australia and Quebec can teach us

A recent trend in resource taxation philosophy found on both sides of the world came to light recently. It would seem both Australia at the national level in the southern hemisphere and Quebec at the provincial level in the northern hemisphere...

Canadian Mining Journal Staff | November 7, 2013 | 4:12 pm

GOLD: Richmont takes over Island gold deep development

ONTARIO – Richmont Mines of Montreal is terminating on Nov. 12 the agreement with an outside contractor the deep development at the Island gold mine 85 km west of Wawa. The company said it is making the change due to the weak and volatile...

Canadian Mining Journal Staff | November 7, 2013 | 4:07 pm

GOLD: Banks Island nears production at Yellow Giant

BRITISH COLUMBIA – The dense media separation plant has been commissioned at the Yellow Giant gold project on Banks Island, 120 km south of Prince Rupert. Owner Banks Island Gold of Vancouver said the plant will be operating full time by...

Canadian Mining Journal Staff | November 7, 2013 | 4:06 pm

MINING PEOPLE: Brades Resources and Lake Shore Gold

Brades Resources Corp. of Vancouver has named Carl von Einsiedel as CEO and a director of the company. A graduate of Carleton University, he has worked as a consulting exploration geologist and independent contractor for over 20 years. Von...

Canadian Mining Journal Staff | November 7, 2013 | 4:04 pm

IamGold cuts costs amidst falling profits

It was a mixed bag of news for IamGold (TSX: IMG; NYSE: IAG) shareholders as the company released third quarter results that moved in different directions.

Canadian Mining Journal Staff | November 7, 2013 | 4:03 pm

GOLD-COPPER: Review panel used wrong design to reject New Prosperity – Taseko

BRITISH COLUMBIA – Taseko Mines has come out swinging in the fight to get environmental approval for its New Prosperity gold-copper project. The company alleges that Natural Resources Canada, and subsequently the federal review panel,...

Canadian Mining Journal Staff | November 6, 2013 | 3:24 pm

MOLYBDENUM: Discovery to buy Max mine from Roca

VANCOUVER – Roca Mines has agreed to sell its Roca molybdenum mine near Revelstoke, BC, to Discovery Ventures for $5.675 million. The price will be paid $5.05 million in cash plus 2.50 million shares of Discovery. Roca suspended mining at...

Canadian Mining Journal Staff | November 6, 2013 | 3:22 pm

GOLD: Inferred numbers jump 25% at Radisson’s O’Brien project

QUEBEC – The latest contained ounces numbers from an updated inferred resource for the Zone 36 East at the O'Brien gold project in Cadillac must have owner Radisson Mining Resources smiling. Roscoe Postle Associates created the...

Canadian Mining Journal Staff | November 6, 2013 | 3:21 pm

Silver Wheaton buys half of Constancia’s gold output

Silver Wheaton (TSX: SLW; NYSE: SLW) has inked a second offtake agreement on Hudbay Mineral’s (TSX: HBM; NYSE: HBM) Constancia polymetallic project in southern Peru: this time for its gold output.

Canadian Mining Journal Staff | November 6, 2013 | 3:19 pm

RARE EARTHS: Avalon receives environment okay from federal government

NORTHWEST TERRITORIES – Avalon Rare Metals of Toronto says the report of environmental assessment for its Nechalacho rare earth elements project 100 km southeast of Yellowknife is in its hands. The assessment was approved by the minister...

Canadian Mining Journal Staff | November 5, 2013 | 4:10 pm

DIAMONDS: North Arrow recovers micros at Pikoo

SASKATCHEWAN – Vancouver's North Arrow Minerals has recovered a number of microdiamond from the PK150 kimberlite at the Pikoo project 150 km east of La Ronge. The company is calling it the discovery of a new diamond district having...

Canadian Mining Journal Staff | November 5, 2013 | 4:08 pm

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