Canadian Mining Journal Staff, Author at Canadian Mining Journal

DIAMONDS: Stornoway updates progress at Renard

QUEBEC – Montreal-based Stornoway Diamond Corp. is making good progress on its Renard diamond project in the north-central part of the province. Project financing, building the access road, and final permitting are all moving forward.

Canadian Mining Journal Staff | June 3, 2013 | 4:05 pm

MERGER: Hecla completes acquisition of Aurizon

COEUR D'ALENE, Idaho – Hecla Mining has completed its acquisition of Vancouver-based Aurizon Mines. Hecla has several silver mines and now adds the Casa Berardi gold mine in Quebec to its assets. The mine is expected to produce between...

Canadian Mining Journal Staff | June 3, 2013 | 4:03 pm

GOLD: Metallurgical preview of Preview SW sample promising

SASKATCHEWAN – La Ronge Gold Corp. of Vancouver has tested two samples of mineralized drill core from the Preview SW deposit 45 km northeast of La Ronge, and gold recovery is promising. Up to 72% of the gold was recovered in the gravity...

Canadian Mining Journal Staff | June 3, 2013 | 4:01 pm

New Gold sees opportunity in $310-million Rainy River deal

VANCOUVER — With junior equity valuations falling, it seems logical the market would have increased merger and acquisition activity by larger cap miners looking to score relative bargains on quality assets. And that seems to be the case...

Canadian Mining Journal Staff | June 3, 2013 | 3:58 pm

GOLD: Wolfden provides update on Clarence Stream

NEW BRUNSWICK – Wolfden Resources Corp. of Thunder Bay, ON, has updated the status of its flagship Clarence Stream gold project 70 km southwest of Fredericton. The first phase of the drill program to test some of the Proximal deposits has...

Canadian Mining Journal Staff | May 30, 2013 | 4:13 pm

GOLD: Sagging prices slow Pinson mining

NEVADA – The sagging price of the yellow metal has forced Atna Resources of Golden, CO, to reduce the pace of underground mining at its Pinson gold mine near Winnemucca. Operations are being temporarily downsized and mining will focus on...

Canadian Mining Journal Staff | May 30, 2013 | 4:12 pm

GENERATORS: Lucky customers get “birthday gifts” for Sommers 75th anniversary

TAVISTOCK, Ontario – Canada’s "Power House" in generator systems recently marked the conclusion of its 75th anniversary with customer gifts and a celebration overseen by three generations of its founding family.

Canadian Mining Journal Staff | May 30, 2013 | 4:08 pm

Mt Todd prefeasibility outlines two options for Vista Gold

VANCOUVER – Mt. Todd, the largest undeveloped gold project in Australia, took a big step towards production with a prefeasibility study that gives owner Vista Gold (VGZ-T) a choice: the company can either spend a billion dollars to build...

Canadian Mining Journal Staff | May 30, 2013 | 4:06 pm

FLOW-THROUGH: Sabina raises $20M for Back River drilling

NUNAVUT – Sabina Gold and Silver Corp. of Vancouver has arranged a non-brokered private placement of 14.4 million flow-through shares to raise $20 million. The proceeds will be used to advance exploration at the company's Back River gold...

Canadian Mining Journal Staff | May 29, 2013 | 4:21 pm

GOLD: Gowest opts to treat Frankfield East ore at Kidd

ONTARIO – Gowest Gold of Toronto has signed a non-binding letter of intent with Glencore Xstrata's Kidd Operation in Timmins for the treatment of ore from Gowest's Frankfield East gold deposit 50 km northeast of the town. The plan is to...

Canadian Mining Journal Staff | May 29, 2013 | 4:19 pm

COAL: Glenstrata opens port in Colombia

COLOMBIA – Glencore Xstrata of Baar, Switzerland, opened Prodeco's new coal port, Puerto Nuevo, with the Colombian president, Juan Manuel Santos, and senior members of his administration. Construction of the US$550-million port was begun...

Canadian Mining Journal Staff | May 29, 2013 | 4:17 pm

With a healthy bank balance, Agnico seals five strategic deals

VANCOUVER – For mining companies pursuing growth, it is a good time to buy. Weak base metal prices combined with a recent downturn in the price of gold means junior miners and explorers are generally pretty cheap, which is the first...

Canadian Mining Journal Staff | May 29, 2013 | 4:12 pm

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