News
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COPPER: Capstone places Minto mine on care and maintenance, still looking for buyer
YUKON – Vancouver-based Capstone Mining and Pembridge Resources have terminated their agreement for the sale of the Minto copper-gold mine 240 km northwest of Whitehorse. Capstone had agreed to sell the Minto operation to Pembridge last February, putting a price…
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GOLD: Court rules against Kinross mine in Chile
CHILE – The supreme court of Chile has maintained the closure of the water pumping wells at the Maricunga gold mine owned by Toronto’s Kinross Gold. This is the latest chapter in a long dispute between the company and the…
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MINING PEOPLE: Steinert, Leagold, Maritime Iron, and TomaGold
Steinert US of Walton, Kentucky, has named Andreas W. Ernst its new president and CEO. He is also chair of the Equipment and Service Providers Council. Adriaan “Attie” Roux has is the first COO at Leagold Mining Corp. of Vancouver.…
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SHOVELS: Boundary Equipment partners with Berkeley Forge & Tool
EDMONTON, Alta. – Boundary Equipment Co. has entered a new partnership with Berkeley Forge & Tool of California. Boundary will support and distribute Berkeley’s Ground Engaging Tools (GET) throughout the Canadian mining market, for the following models: Electric rope shovels –…
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Raymond James adjusts forecasts as uranium outperforms zinc, copper in Q3
Analysts at Raymond James are lowering their forecasts for zinc and copper prices. For the fourth quarter, the analysts have changed their zinc price forecast to US$1.20 per lb. from US$1.40 per lb., and for 2019 they have trimmed their…
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COBALT: First Cobalt considers restart of refinery
ONTARIO – Three independent studies done for First Cobalt of Toronto all support starting the cobalt refinery in the town of the same name. The studies looked at capital requirements, operating costs, permit renewal timelines, potential feedstock sources, and offtake…
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ZINC-LEAD: NorZinc gets good news for all-season road to Prairie Creek
NORTHWEST TERRITORIES – Vancouver-based NorZinc has received a positive recommendation for its proposed all-season road to the Prairie Creek zinc-lead mine 200 km west of Fort Simpson. The project has the backing of the Mackenzie Valley Review Board, subject to…
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DONATION: Three Osiskos support earth sciences at UNB
MONTREAL – Osisko Gold Royalties, Osisko Mining and Osisko Metals have joined forces to create the Osisko Field Education Fund for the Earth Sciences Department at the University of New Brunswick. Together the three have donated $250,000 to the It…
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GOLD: Rubicon completes Phoenix test mining
ONTARIO – Toronto-based Rubicon Minerals Corp. has completed test mining and bulk sample processing at the Phoenix gold project in the Red Lake district. More than 35,000 tonnes of material was extracted from three test stopes and pre-developed stopes in…
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Odds ‘n’ Sods: My three ‘Eureka!’ moments as a Canadian explorer
The excitement of a mineral discovery is a “Eureka!” moment, and this is the story of my three Eureka moments. I’m 77 years old now, so some of the details may be misted by time, but the big picture is…
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Interview: Building mines on budget
During the last boom period in mining, major projects routinely went over budget and fell behind schedule. An analysis by McKinsey & Co. of public information on 35 mining projects built between 2002 and 2015 showed that 30 were over…
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GOLD-SILVER: IDM’s Red Mountain gains provincial environment okay
BRITISH COLUMBIA – The B.C. government has given the environmental okay to the Red Mountain underground gold-silver mine. The project, 15 km east of Stewart, is 100% owned by IDM Mining of Vancouver. The high grade underground mine will operate…
