Canadian Mining Journal Staff, Author at Canadian Mining Journal

Kinross unloads stake in Crixas for US$220 million

VANCOUVER — Canada’s third-largest gold producer Kinross Gold has divested its 50% stake in the Crixas gold operation in central Brazil to South African partner AngloGold Ashanti in a cash deal worth US$220 million.

Canadian Mining Journal Staff | May 30, 2012 | 4:55 pm

GOLD MINING: First dor bar poured at Bachelor project

QUEBEC – Metanor Resources of Val d’Or, QC, has delivered its first gold doré bar to the Royal Canadian Mint from its 5,000-tonne bulk sample at the Bachelor project in Le Sueur Township.

Canadian Mining Journal Staff | May 29, 2012 | 5:01 pm

GOLD DEVELOPMENT: Alexis arranges Snow Lake loan

MANITOBA – Alexis Minerals of Toronto has received formal credit approval from Credit Suisse for a US$45-million, 4.5-year term loan to hasten development of the Snow Lake (formerly New Britannia) gold mine 80 km east of Flin Flon.

Canadian Mining Journal Staff | May 29, 2012 | 5:00 pm

GOLD STUDY: Back River PEA puts NPV at over $1-B

NUNAVUT – Vancouver-based Sabina Gold & Silver Corp. has completed a positive preliminary economic assessment for its 100%-owned Back River gold project 75 km from Bathurst Inlet. The pre-tax net present value (5%) is $1.1 billion and...

Canadian Mining Journal Staff | May 29, 2012 | 4:59 pm

GOLD MINING: Forest fires retreat, work resumes at mines

ONTARIO – The forest fires that last week forced three gold mines in northern Ontario to suspend operations have begun to abate and residents are beginning to return to their homes and cottages.

Canadian Mining Journal Staff | May 29, 2012 | 4:58 pm

Prophecy Platinum sees promising signs at Wellgreen

VANCOUVER — Things keep rolling along for Vancouver-based exploration outfit Prophecy Platinum at its flagship Wellgreen platinum group metals (PGM) and nickel project in the Yukon Territories. The company released a flurry of news to end...

Canadian Mining Journal Staff | May 29, 2012 | 4:57 pm

DIAMOND DEVELOPMENT: Gahcho Ku partners advance $31.3 million

NORTHWEST TERRITORIES – Joint venture partners Mountain Province Diamonds (49%) of Toronto and De Beers Canada (51%), also based in Toronto, are spending $31.3 million over the next year at their Gahcho Kué diamond project near...

Canadian Mining Journal Staff | May 28, 2012 | 5:00 pm

ZINC-LEAD STUDY: Smaller, high grade mining possible at Selwyn

YUKON TERRITORIES – Selwyn Resources of Vancouver and its partner Chihong Canada Mining are taking another look at their Selwyn zinc-lead project near Howard’s Pass. The feasibility study written in 2010 focused on an underground...

Canadian Mining Journal Staff | May 28, 2012 | 4:59 pm

ENVIRONMENT: Teck offers $2-M to conserve land on Columbia Lake

BRITISH COLUMBIA – Vancouver-based Teck Resources is contributing $2 million to the Nature Conservancy of Canada to help protect Lot 48 on Columbia Lake approximately 5 km south of Fairmont Hot Springs.

Canadian Mining Journal Staff | May 28, 2012 | 4:58 pm

GOLD DEVELOPMENT: Gallery of Pascua-Lama photos

TORONTO – As Barrick Gold works feverishly to ready the Pascua-Lama gold mine for production in 2013, the company has released a gallery of photographs from the site that straddles the Chile-Argentina border.

Canadian Mining Journal Staff | May 28, 2012 | 4:57 pm

McEwen comments on uncertainty in Argentina

The following article is reprinted with permission from CMJ’s sister publication The Northern Miner.

Canadian Mining Journal Staff | May 28, 2012 | 4:56 pm

Positive trends for Canadian coal

As president of the Coal Association of Canada (CAC) and representing the broad spectrum of companies engaged in the exploration, development and transportation of coal, Ann Marie Hann has a unique window on the trends occurring in...

Canadian Mining Journal Staff | May 28, 2012 | 3:59 pm

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