Canadian Mining Journal Staff

GOLD MINING: Golden Band pours first gold

SASKATCHEWAN - Golden Band Resources of Saskatoon has poured its first doré bar from its La Ronge gold project in the northern part of the province. The bar, weighing 500 oz, was produced from high grade ore from the Roy Lloyd mine...

Canadian Mining Journal Staff | January 13, 2011 | 5:00 pm

MERGER: Inmet, Lundin deal to create new company named Symterra

TORONTO - Executives at Inmet Mining Corp. and Lundin Mining Corp. have decided to merge their companies creating a new entity, Symterra Corp., that will join the ranks of senior copper producers. Symterra is expected to produce over 600,000...

Canadian Mining Journal Staff | January 13, 2011 | 5:00 pm

GOLD RECOVERY: Hydrometallurgical process is eco-friendly

VAL D'OR, Quebec - Eco Refractory Solutions has tested its hydrometallurgical process for refractory gold ores for a second client, and says it was successful in recovering 98.1% of the contained gold in 24 hours using little cyanide. Follow-up...

Canadian Mining Journal Staff | January 12, 2011 | 5:00 pm

MERGER: Cliffs deal values Consolidated Thompson at $4.9 billion

MONTREAL - Cliffs Natural Resources of Cleveland, OH, has made a $4.9-billion all-cash bid to acquire Consolidated Thompson Iron Mines, the company that recently put the Bloom Lake iron ore mine near Fermont, QC, into production. Cliffs is...

Canadian Mining Journal Staff | January 12, 2011 | 5:00 pm

GOLD DEVELOPMENT: Construction begins at Detour Lake

ONTARIO - Detour Gold Corp. of Toronto has begun infrastructure construction at its Detour Lake gold project 150 km northeast of Cochrane. The company has received both the construction permit and power line permit from the province. Work has...

Canadian Mining Journal Staff | January 12, 2011 | 5:00 pm

GOLD PRODUCTION: Goldcorp sets record at 2.52M oz

VANCOUVER - Goldcorp set a gold production record in 2010 at 2.52 million oz, including 686,300 oz in Q4. Cash costs per ounce were $US285. Total 2011 output is forecast to grow to 2.70 million oz, and over five years output is expected to...

Canadian Mining Journal Staff | January 11, 2011 | 5:00 pm

GUIDANCE: Northgate forecasts lower gold costs after next year

VANCOUVER - Northgate Minerals expects gold production to go up and cash costs to go down after 2011 with the startup of the Young-Davidson mine 60 km west of Kirkland Lake, ON. The company says output this year will be 195,000 to 205,000 oz of...

Canadian Mining Journal Staff | January 11, 2011 | 5:00 pm

LITHIUM DEVELOPMENT: Canada Lithium arranges $110-M toward Quebec project

QUEBEC - Toronto's Canada Lithium is arranging a $110-million bought deal financing that is earmarked for partial development of its Quebec lithium mine 60 km north of Val d'Or. A syndicate, lead by Scotia Capital and Macquarie Capital Markets...

Canadian Mining Journal Staff | January 11, 2011 | 5:00 pm

MINING PEOPLE IN THE NEWS: Callinan Mines, Golden Predator, Midas Gold, North American Tungsten, Shear Diamonds and Treasury Metals

Callinan Mines of Vancouver has hired John J. (J.J.) O'Donnell as its new VP of exploration. A graduate of Brandon University, he has considerable experience in the Flin Flon-Snow Lake Greenstone Belt, including the 777 mine belonging to HudBay.

Canadian Mining Journal Staff | January 10, 2011 | 5:00 pm

REVIEW: Environmental assessment begins for Ajax copper-gold mine

BRITISH COLUMBIA - The environmental review has begun for the proposed Ajax copper-gold mine 10 km southwest of Kamloops. The project is being developed by a joint venture of Vancouver-based Abacus Mining & Exploration and KGHM Polska Miedz...

Canadian Mining Journal Staff | January 10, 2011 | 5:00 pm

ACQUISITION: HudBay sets sights on Norsemont

TORONTO - HudBay Minerals has set its sights on acquiring Norsemont Mining in a cash and share deal worth $520 million. The deal will bring Norsemont's Constancia copper development project in Peru into the HudBay portfolio. Its addition will...

Canadian Mining Journal Staff | January 10, 2011 | 5:00 pm

GOLD MINING: Lake Shore’s Timmins mine in commercial production

ONTARIO - Lake Shore Gold of Toronto declared its Timmins underground gold mine in commercial production on Jan. 1, 2011, with an output of 12,300 oz the previous month. During December 2010 the mining rate averaged 1,700 t/d, well above the...

Canadian Mining Journal Staff | January 6, 2011 | 5:00 pm

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