News
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GOLD: Bonterra seeks $20M private placement, share consolidation
VANCOUVER – Bonterra Resources has engaged Sprott Capital Partners to act as lead agent for a private placement expected to gross slightly more than $20 million. Before the offering closes, Bonterra will consolidate its outstanding shares at a 10-to-1 ratio.…
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LITHIUM: Frontier reports high grade PAK drill results
ONTARIO – Frontier Lithium of Sudbury, Ont., has the assays from the phase four drill program completed in July 2018 at the PAK lithium deposit 175 km north of Red Lake. Mineralization remains open at depth and along strike (northwest…
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COPPER-GOLD: Turquoise Hill updates progress of underground development
MONGOLIA – As the pit exhausts it resources, mining is moving underground at the Oyu Tolgoi copper-gold mine in the South Gobi area. Owner Turquoise Hill Resources of Vancouver updates the progress. Rio Tinto, holder of a 51% interest in…
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DEMOLITION: Epiroc extends Combi Cutter line
STOCKHOLM – Epiroc has added two new models to its Combi Cutter range. Designed for carriers in the 20 to 30 tonne and 25 to 40 Tonne operating weight classes respectively, the CC 2300 and CC 3100 offer a productive…
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Five industry influencers named to Canadian Mining Hall of Fame
In 2019, the Canadian Mining Hall of Fame will welcome five new inductees: Kate Carmack, James M. Franklin, James W. Gill, A. M. (Sandy) Laird and Brian K. G. Meikle. The thirtieth annual induction dinner is set for the evening…
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GOLD: TMAC makes permitting gains for Madrid-Boston development
NUNAVUT – Toronto-based TMAC Resources is marking another landmark at its Hope Bay gold project 65 km east of Bathurst Inlet. Federal authorities have accepted the positive recommendation of the Nunavut Impact Review Board (NIRB) allowing the Madrid-Boston gold project…
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GOLD: Chilean court orders Barrick to close Pascua-Lama permanently
CHILE – Last week the Chilean environmental court ordered Toronto-based Barrick Gold to permanently close its Pascua-Lama gold project that lies within the country. The company was told in January 2018 to close the project and fined US$11.5 million by…
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GOLD: Centerra unloads Boroo mine, Gatsuurt project
MONGOLIA – Toronto-based Centerra Gold is selling its assets in Mongolia. That includes the suspended Boroo gold mine and mill as well as the Gatsuurt gold development project. Both properties are to be purchased by OZD Asia pte for net…
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MATERIAL HANDLING: Efficient and economical solutions from Beumer
GERMANY – For material handling between mines, processing plants and beyond, Beumer Group offers complete solutions whether for ores or concentrate, iron, copper, gold, phosphates. Beumer provides the right technology for all kinds of project goals thanks to decades of…
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Metallic finds more veins at Keno and McKay Hill districts
Metallic Minerals (TSXV: MMG; US-OTC: MMNGF) is wrapping up its $2.5-million summer work program in the Yukon. The company fanned out across both its Keno silver district and McKay silver-lead-zinc district in the territory. It found several mineralized vein structures and…
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GOLD: Barrick reports better preliminary Q3 results
TORONTO – Barrick Gold sold 1.2 million oz. of gold and 114 million lb. of copper during Q3 2018. The preliminary figures also put third quarter production at 1.15 million oz. of gold and 106 million lb. of copper. The…
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VIDEO: First Cobalt offers tour of refinery
ONTARIO – Take a few minutes to learn about the inner workings of the cobalt refinery that First Cobalt might restarted.
