Canadian Mining Journal Staff

YEAR-END: Teck reports record-breaking results

VANCOUVER - Teck Resources is coming off what may be its best year ever with unaudited year-end numbers breaking several records. Annual revenues in 2011 of $11.5 billion were up 25% from 2012. Gross profit, before depreciation and...

Canadian Mining Journal Staff | February 9, 2012 | 4:57 pm

MINERAL PROCESSING: New Endako moly mill reaches target throughput

BRITISH COLUMBIA - Denver-based Thompson Creek Metals reports that the new Endako molybdenum concentrator near the town of the same name reached its commercial production rate of 55,000 t/d on Feb. 1, 2012. That is a 77% increase over the old...

Canadian Mining Journal Staff | February 8, 2012 | 5:00 pm

INVESTIGATION: Goldcorp chair Telfer cited in OCS probe

TORONTO - Goldcorp chairman Ian Telfer has been cited by the Ontario Securities Commission in a recent insider trading probe. The allegation is that Telfer helped participants (including his long-time friend Eda Marie Agueci) in an alleged...

Canadian Mining Journal Staff | February 8, 2012 | 4:59 pm

ZINC-LEAD STUDY: Pine Point N-204 reserves reach 12.8-M tonnes

NORTHWEST TERRITORIES - Tamerlane Ventures of Blaine, WA, has completed the 43-101 report and feasibility study for the N-204 zinc-lead deposit at the Pine Point project. The mineral inventory includes diluted probable reserves of 12.8 million...

Canadian Mining Journal Staff | February 8, 2012 | 4:58 pm

FINANCING: Yukon-Nevada, Deutsche Bank strike $20-M forward gold sale

VANCOUVER - Yukon-Nevada Gold Corp. has entered into a US$20-million forward gold purchase agreement with the London branch of Deutsche Bank AG. The funds will be used by Yukon-Nevada subsidiary Queenstake Resources USA to expand production at...

Canadian Mining Journal Staff | February 8, 2012 | 4:57 pm

REPORT: Canadian mining resumes growth

OTTAWA - The Mining Association of Canada (MAC) has published the latest report looking at the value of the mineral industry to Canada, Facts & Figures 2011. Chief among its findings is that the Canadian mining industry has not only...

Canadian Mining Journal Staff | February 7, 2012 | 5:00 pm

NICKEL MINING: Record production from Bucko Lake

MANITOBA - CaNickel Mining of Vancouver has developed several longhole stopes at its Bucko Lake nickel mine near Wabowden and been rewarded with record monthly production numbers.

Canadian Mining Journal Staff | February 7, 2012 | 4:59 pm

GOLD RESOURCE: Haile resource grows to 4.0-M oz

SOUTH CAROLINA - Romarco Minerals of Toronto, has updated the resource estimate for its Haile gold mine in Lancaster County. Measured and indicated resources increased 29% to 4.0 million oz of gold in 53.4 million tonnes averaging 1.82 g/t Au....

Canadian Mining Journal Staff | February 7, 2012 | 4:58 pm

COPPER-SILVER STUDY: Feasibility report complete for Copperwood project

MICHIGAN - Toronto-based Orvana Minerals has received the completed feasibility study for its Copperwood copper-silver project on the Upper Peninsula. The study outlines a 13-year underground operation using room-and-pillar mining.

Canadian Mining Journal Staff | February 7, 2012 | 4:57 pm

PERSPECTIVE: The merger-go-round is picking up speed

The merger-go-round is spinning again, perhaps not with the breakneck speed it had in 2006, but at a good pace nonetheless. That was the year that the hard-fought battles for Inco and Falconbridge brought new names - Vale and Xstrata - to...

Canadian Mining Journal Staff | February 6, 2012 | 5:00 pm

Six steps to sustainable resource extraction

The World Economic Forum of Geneva and The Boston Consulting Group have published a report that outlines the six building blocks needed to help lift some of the world's least developed countries out of poverty by harnessing their mineral wealth.

Canadian Mining Journal Staff | February 6, 2012 | 5:00 pm

FINANCING: Rubicon raises $200-M in bought deal

ONTARIO - Rubicon Minerals of Vancouver is raising $200 million in a bought deal financing, the bulk of which will be used to develop its Phoenix gold project near Red Lake. A syndicate of investors has agreed to purchase 49 million common...

Canadian Mining Journal Staff | February 6, 2012 | 4:59 pm

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