Barrick sells another asset in Australia
Barrick Gold (TSX: ABX; NYSE:ABX) continues to peel back its presence in Australia as it prepares to take another hit on its balance sheet due to Pascua-Lama.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
NICKEL: Sherritt hits its stride at Ambatovy
MADAGASCAR – Sherritt International Corp. of Toronto says its has reached commercial production at the Ambatovy nickel operations. Located, 80 km east of Antananarivo, the project is a joint venture of Sherritt (40% and operator), Korea...
GOLD: Banks Island makes marketable concentrate at Yellow Giant
BRITISH COLUMBIA – Banks Island Gold of Vancouver has produced the first marketable gold concentrate from the Yellow Giant mine and mill near Prince Rupert. A minimum of 100 tonnes of gold concentrate is to be shipped on Friday, Jan. 24,...
FUNDS: Ontario gov’t pledges $15M for deep mine research
ONTARIO – Greg Rickford, Ontario Minister of State for Science and Technology, announced that the provincial government is giving $15 million to the Centre for Excellence in Mining Innovation. The money will go toward CEMI's ultra deep...
MINING PEOPLE: Colt Resources, Silver Stream and Superior Copper
Montreal-based Colt Resources has appointed executive chairman Richard Quesnel as president and CEO of Colt Resources Middle East (Cayman).
EXPLORATION: Orix grows, triples chances of success
TORONTO, ONTARIO – Orix Geoscience, Zone 14 GeoInfo Solutions and Grassroots Syndicate announced on Jan. 22 that they have signed a memorandum of understanding whereby Orix will acquire Zone 14 and Grassroots. The acquisition builds on...
Sliding loonie may ease pressure on Canadian miners
For the past year, the Canadian dollar has been weakening – falling from above parity with the greenback at the beginning of 2013 to its current price of US91.5¢.
COMMENT: Teck named to sustainability list for second year
VANCOUVER – For the second year in a row, Teck Resources has been named one of the Global 100 Most Sustainable Corporations. The announcement was made on Tuesday at the World Economic Forum in Davos, Switzerland. Teck, holding down the...
DIAMONDS: Stornoway plans Renard drill program
QUEBEC – Stornoway Diamond Corp. intends to test the resource potential of the Renard 2 kimberlite underneath the indicated resource that extends 600 metres below surface. The program will be funded from the proceeds of the $10 million...
BASE METALS: Wolfden to drill Bathurst camp
NEW BRUNSWICK – Wolfden Resources Corp. of Thunder Bay, ON, is planning to drill its recently acquired Tetagouche zinc-lead-copper property in the Bathurst mining camp. The area hosts five historic massive sulphide deposits and a number...
FUNDING: Timmins Gold to raise $25M+ through share offering
VANCOUVER – Timmins Gold Corp. has entered into an agreement with RBC Capital Markets and a syndicate of underwriters for the sale of 16.67 million common shares of Timmins Gold at a price of $1.50 per share. If the overallotment –...
Troy models low-cost gold mine at West Omai
VANCOUVER — As lower overall gold prices have taken hold it’s become increasingly important for developers to find projects that can be affordably put into production, and it looks like Latin America focused Troy Resources’...
Etruscus advances large-scale rare earth target at Rock and Roll property
Vancouver-based Etruscus Resources (CSE: ETR; OTC: ETRUF) has provided an update on the company’s Rock and Roll property located in the prolific […]