Canadian Mining Journal Staff

GOLD: Agnico-Eagle records record 2012 production

TORONTO – Agnico-Eagle Mines  has wrapped up the fourth quarter and 2012 year with record annual production and operating cash flows. Gold production was 1.04 million oz at total cash costs of US$640/oz, compared with 1.03 million oz...

Canadian Mining Journal Staff | February 14, 2013 | 4:04 pm

GOLD: Barrick takes $3-B loss in fourth quarter

TORONTO – Barrick Gold Corp. reported a net loss of US$3.06 billion, including a US$4.2-billion after tax impairment charge related to its copper business, in Q4 2012. For the full  year, the world's largest gold miner had a net loss...

Canadian Mining Journal Staff | February 14, 2013 | 4:02 pm

MANGANESE: Partners drill 11.25% Mn at Woodstock

NEW BRUNSWICK – Buchans Minerals Corp. of Windsor, NS, and Minco plc have received initial drilling results – including 11.25% Mn over 113.85 metres – from their Woodstock manganese project near the town of the same name.

Canadian Mining Journal Staff | February 14, 2013 | 4:00 pm

Yamana beefs up Cerro Moro

Yamana Gold is getting a firmer handle on its recently acquired Cerro Moro gold project in Argentina.

Canadian Mining Journal Staff | February 14, 2013 | 3:59 pm

TRANSPORTATION: CN suspends study for rail line to Quebec/Labrador iron ore

MONTREAL – CN has suspended work on the feasibility study for a proposed rail line to new iron ore producers in Quebec and Labrador. The company says that looming slowdowns in mine development timing and the lack of participation by all...

Canadian Mining Journal Staff | February 13, 2013 | 4:22 pm

ZINC-GOLD-COPPER: Chieftain given final permits for Tulsequah Chief

BRITISH COLUMBIA – Chieftain Metals of Toronto has received the final permits required to start construction at the Tulsequah Chief zinc-gold-copper mine 100 km south of Atlin. The parks use permit, occupant licenses to cut,...

Canadian Mining Journal Staff | February 13, 2013 | 4:21 pm

IRON ORE: Labrador Iron raises $29M for operations

LABRADOR – Toronto-based Labrador Iron Mines Holdings (LIM) has raise a total of $29.98 million with which to fund the seasonal resumption of work at its Schefferville iron ore mine near the town of the same name. The net proceeds will be...

Canadian Mining Journal Staff | February 13, 2013 | 4:20 pm

MINING PEOPLE: Global Crane, Great Quest, Kaminak, Sulliden, and Sunward

Ed Gibson is the new sales manager of Global Crane Sales for North America and Latin America. He will promote the company's line of Zoomlion cranes from the Houston, TX, office.

Canadian Mining Journal Staff | February 13, 2013 | 4:16 pm

Taking a closer look at Taseko’s options

Taseko Mines could become a consolidator in British Columbia and also prey to companies like Lundin Mining, Capstone Mining or Teck Resources, Chris Chang of Laurentian Bank Securities says.

Canadian Mining Journal Staff | February 13, 2013 | 4:13 pm

GOLD: NovaGold wraps up successful year

VANCOUVER – NovaGold Resources of Vancouver has wrapped up what it calls another successful year as it and partner Barrick Gold of Toronto move forward with the Donlin gold project in Alaska. Not only does NovaGold say it has strengthened...

Canadian Mining Journal Staff | February 12, 2013 | 3:58 pm

GOLD: Temex drills 60 g/t at Whitney near Timmins

ONTARIO – Surface drilling on the northwest part of the Upper Hallnor portion of the Whitney gold property near Timmins has returned 60.40 g/t Au over 0.5 metres. Partners Temex Resources (60%) and Goldcorp (40%), both headquartered in...

Canadian Mining Journal Staff | February 12, 2013 | 3:56 pm

GOLD-COPPER: Frog may turn into prince

BRITISH COLUMBIA – International Samuel Exploration of Vancouver knows it will take more than a kiss to turn its Frog gold-copper property 170 km southeast of Dease Lake into a prince of a producer. Meanwhile, the company conducted a...

Canadian Mining Journal Staff | February 12, 2013 | 3:55 pm

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