Sean Boyd goes shopping … again
For the second time this month Agnico-Eagle Mines (AEM-T, AEM-N) has taken a strategic stake in a junior exploration company with promising assets.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
FINANCIALS: Record coal sales fail to boost Teck’s Q1 numbers
VANCOUVER – Teck Resources has released its first quarter financial results that show profit shrunk to $328 million, compared with $544 million in Q1 2012, despite record coal sales of 6.6 million tonnes.
COPPER: Marshall Lake drilling assays 2.52% Cu over 10 metres
ONTARIO – On its way to earning a 50% interest in the Marshall Lake property 30 km west of Nakina, White Tiger Mining of West Vancouver has drilled the RM zone that assayed 1.38% Cu over 43 metres, including 2.52% Cu over 10 metres. The...
ENVIRONMENT: Survey of mine drainage treatment available at no charge
OTTAWA – At the behest of the Mine Environment Neutral Drainage (MEND) program, CanmetMINING conducted a survey of mine drainage treatment and sludge management practices at more than 100 sites around the world. They contacted a wide...
Costs climb, commissioning delayed at Legacy potash mine
VANCOUVER – News of a 26% capital cost increase and six-month start-up delay at the Legacy potash mine in Saskatchewan drove owner K+S AG's share price to a five month low, but the German company remains confident the project offers...
GOLD: First pour for Maudore from renamed Aurbec division
QUEBEC – Having acquired the assets of NAP Quebec on March 22, 2012, new owner Maudore Minerals of Montreal has made its maiden gold pour – two bars that total 945 oz of gold.
GRAPHITE: Mason boasts “robust” PEA for Lac Guret project
QUEBEC – Montreal's Mason Graphite says the preliminary economic assessment is "robust" for its Lac Guéret graphite project near Baie Comeau. The PEA was prepared by Met-Chem Canada and SGS Minerals Services.
URANIUM: Alpha drills 6.57% U3O8 at Patterson Lake South
SASKATCHEWAN – The area of Patterson Lake in the southwest part of the Athabasca Basin continues to return promising intercepts for juniors drilling in the area. Recent news from Alpha Minerals of Vancouver, operator of the Patterson Lake...
ANALYSES: SRC expands quantitative mineralogical services
SASKATCHEWAN – The Saskatchewan Research Council, located in Saskatoon, has added the QEMScan® service to provide precise quantitative mineralogical analyses. The SRC is the first QEMScan service provider in Saskatchewan and one of...
UEX, Areva boost uranium resources at Shea Creek
UEX (UEX-T) has bumped up resources at its 49% held Shea Creek uranium project in the Athabasca basin of northern Saskatchewan, now the largest undeveloped uranium resource in the much coveted basin, demoting Cameco’s (CCO-T, CCJ-N)...
NICKEL-COPPER: First Nickel declares full production at Lockerby
ONTARIO – The Lockerby nickel-copper mine near Sudbury has reached full production. Owner First Nickel says the full rate is 10.0 million lb of nickel per year, and the mine produced 2.5 million lb during the first three months of this...
RARE EARTHS: Nechalacho feasibility outlines $1.6B project cost
NORTHWEST TERRITORIES – Avalon Rare Metals of Toronto says project construction costs will be $1.575 billion for the Nechalacho rare earth elements project at Thor Lake, 100 km southeast of Yellowknife. The recently finished feasibility...
NiCAN and Nisichawayasihk Cree sign agreement to advance permitting for Pipy project
NiCAN (TSXV: NICN; OTCQB: NILTF) and Nisichawayasihk Cree Nation (NCN) signed an exploration agreement to advance the Pipy project in Thompson, Manitoba. NiCAN […]