Canadian Mining Journal


  • News

    GOLD-SILVER: Mandalay to rise $35M for metallurgical improvements at two mines

    July 5, 2016 by Canadian Mining Journal

    SWEDEN and CHILE – Mandalay Resources Corp. of Toronto has entered into a bought deal agreement with BMO Capital Markets to raise gross proceeds of $35 million by issuing 30.44 million common shares at a price of $1.15 each.. The

  • GOLD: Dundee expects to start construction at Krumovgrad in Q3

    June 9, 2016 by Trish Saywell, The Northern Miner

    In an update to investors on its Krumovgrad gold project in southern Bulgaria, Dundee Precious Metals (TSX: DPM) says it could start construction as early as the third quarter of this year and has revised its construction capital cost estimate

  • GOLD: Centerra rounds up $150M for Oksut project

    April 5, 2016 by Canadian Mining Journal

    TURKEY – Toronto-based Centerra Gold has secured a term loan for US$150 million underwritten by UniCredit Bank AG. The money will finance most of the construction, development and operation of the Oksut gold mine and infrastructure in the Kayseri region.

  • Eldorado sees more ‘constructive relationship’ in Greece

    March 30, 2016 by Canadian Mining Journal

    VANCOUVER — Eldorado Gold (TSX: ELD; NYSE: EGO) has been at loggerheads with the Greek government over permit issues, and its sociopolitical troubles were a major contributor to a headlining US$1.5-billion impairment the company booked in 2015. In January, Eldorado indicated it would

  • News

    NICKEL-COPPER: First Quantum sells Kevista mine for $712M

    March 10, 2016 by Canadian Mining Journal

    FINLAND – Cash strapped First Quantum Minerals of Toronto has sold its Kevista copper-nickel-PGE mine in Lapland to Boliden AB for US$712 million in cash, subject to customary adjustments. The Kevista open pit and mill is capable of producing to

  • News

    GEMSTONES: True North signs $21M, 3-year offtake deal

    January 28, 2016 by Canadian Mining Journal

    GREENLAND – Vancouver’s True North Gems has signed a three-year offtake agreement worth US$21 million with Chinastone, a polisher and supplier of gems to jewelers, watchmakers, and the luxury trade. The rough gemstones will come from True North’s open pit

  • Eldorado pulls plug on Greek project; stock tanks

    January 14, 2016 by Canadian Mining Journal

    The stock plunges 19% on the suspension news Eldorado Gold (TSX: ELD; NYSE: EGO) is suspending construction at its Skouries gold-copper project due to a continued lack of government support, and cautions it will halt its Olympias underground mine, if

  • Community effort helps save fishway problem

    January 1, 2016 by Russell Noble

    Almost everybody associates the name “Huckleberry” with Mark Twain’s Huckleberry Finn and his comrade Tom Sawyer, but in the mining community, Huckleberry is also the name of a Canadian mine that has been in production in northwestern British Columbia since

  • GOLD-SILVER: Lydian secures US$325M construction funding for Amulsar mine

    December 1, 2015 by Canadian Mining Journal

    ARMENIA – Toronto’s Lydian International has secured financing in the amount of US$325 million for construction of its Amulsar gold mine in the south-central part of the country. Total cost of building the mine is estimated to be US$395 million

  • News

    Lydian outlines new mine plan for Amulsar project

    November 25, 2015 by Canadian Mining Journal

    VANCOUVER — Lydian International (TSX: LYD; US-OTC: LYDIF) knows it has to adjust expectations at its wholly owned Amulsar gold project in south-central Armenia if it wants to secure development funding under current market conditions. To that end, the company has spent

  • News

    NICKEL-COPPER: NAN offers long and strong drill results from Maniitsoq

    November 10, 2015 by Canadian Mining Journal

    GREENLAND – Vancouver-based North American Nickel (NAN) has received the final assays from the 2015 diamond drilling program at its Maniitsoq nickel-copper-cobalt-PGM sulphide project. The best hole, at P-013, returned 0.94% Ni and 0.44% Cu over 11.95 metres and 0.57%

  • GOLD: Centerra’s Oksut project receives environmental nod

    November 10, 2015 by Canadian Mining Journal

    TURKEY – The Turkish ministry of environment and urbanization has approved the environmental impact study done by Toronto’s Centerra Gold for its Oksut project. The company’s CEO Scott Perry said, “The company will now focus on obtaining all the necessary