Canadian Mining Journal


Africa


  • News

    GOLD: Endeavour holds groundbreaking for Hounde project

    June 30, 2016 by Canadian Mining Journal

    BURKINA FASO – Endeavour Mining Corp. has held the official groundbreaking ceremony to mark the beginning of work on the Hounde gold project. The company said that more than 10,000 people attended the ceremony, including the president of Burkina Faso,

  • News

    GOLD: Guyana Goldfields increases equity offering to $130M

    June 27, 2016 by Canadian Mining Journal

    GUYANA – Toronto-based Guyana Goldfields has increased its public offering to $130 million through the sale of 13.83 million shares priced at $9.40 each. The underwriters, let by BMO Capital Markets, Scotiabank and RBC Capital Markets, will purchase 12.83 million

  • News

    Teranga tables friendly US$63M bid for Gryphon Minerals

    June 23, 2016 by Canadian Mining Journal

    VANCOUVER — Teranga Gold (TSX: TGZ; ASX: TGZ) has been aiming to expand its production profile in West Africa, and it found an opportunity in Australia-based Gryphon Minerals (ASX: GRY) and the fully permitted Banfora gold project in southwestern Burkina Faso. On June 19, the companies

  • News

    GOLD: Endeavour Mining launches $125M bought deal

    June 22, 2016 by Canadian Mining Journal

    PARIS – Endeavour Mining has entered into a bought deal that will raise $125 million with a syndicate of underwriters led by BMO Capital Markets. The underwriters have agreed to buy 6.25 million common shares at a price of $20.00

  • News

    GOLD: Teranga wins UN sustainability award

    June 21, 2016 by Canadian Mining Journal

    SENEGAL – Teranga Gold Corp. of Toronto has been named a Canadian Sustainable Development Goal award winner through public voting by the United Nations Global Compact Network Canada. The award recognizes the company’s efforts in advancing the United Nations 17

  • LABOUR: Kinross announces end of strike at Tasiast Mine

    June 13, 2016 by Canadian Mining Journal

    Kinross Gold Corporation has announced that the strike by unionized employees at its Tasiast mine in Mauritanian (that began on May 24, 2016) has ended. Striking employees began returning to work on June 11, 2016 and negotiations with the staff

  • News

    GOLD: Canadians own half of world’s 10 largest gold mines

    June 2, 2016 by Canadian Mining Journal

    The list of the world’s 10 largest gold mines is making the rounds. In 2015 they produced almost 10.6 million oz of the yellow metal or 329.6 tonnes of it (if imaging 330 tonnes of anything is possible). That was

  • News

    WILDFIRES: South Africans to the rescue of Alberta firefighters

    May 30, 2016 by Canadian Mining Journal

    EDMONTON – Last Sunday, 281 South African firefighters touched down in Edmonton on their way to relieve the tired crews that have been working the northern Alberta fires near Fort McMurray since May 2. The team members came from several

  • News

    Freeport to sell Tenke stake for US$2.7B

    May 12, 2016 by Canadian Mining Journal

    VANCOUVER — Freeport-McMoRan (NYSE: FCX) has been working to reduce its sky-high debt loads, and on May 9 it made the deepest cut to date. The company has agreed to sell its 56% stake in the US$3-billion Tenke Fungurume copper-cobalt mine in

  • News

    DIAMONDS: Lucara sells 813-ct stone for US$63M, highest price ever

    May 10, 2016 by Canadian Mining Journal

    VANCOUVER – Lucara Diamond Corp. has sold a 813-carat rough diamond from its Karowe mine in Botswana for US$63.11 million or US$77,649 per carat. This is the highest price ever paid for a rough stone. The diamond has been named

  • News

    ZINC-COPPER: PEA positive for Ivanhoe’s Kipushi redevelopment

    May 2, 2016 by Canadian Mining Journal

    DEMOCRATIC REPUBLIC OF CONGO – Vancouver-headquartered Ivanhoe Mines has received the preliminary economic assessment for its redevelopment of the high grade Kipushi zinc-copper mine 30 km southwest of Lubumbashi. The PEA covers an underground mine, producing an average of 530,000

  • News

    Roxgold reports maiden resource on Bagassi South’s QV1 target

    May 2, 2016 by Canadian Mining Journal

    Roxgold (TSXV: ROG; US-OTC: ROGFF) expects to become a junior producer in June when it pours the first gold from its Yaramoko project in Burkina Faso. In the meantime, the company is adding 200,000 oz of gold to the project from