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Osisko bumps Cariboo royalty to 4%
Osisko Gold Royalties (TSX: OR; NYSE: OR) has agreed to acquire an additional 1.75% net smelter return royalty (NSR) for $20 million on the Barkerville Gold Mines’ (TSXV: BGM; US-OTC: BGMZF) Cariboo gold project in British Columbia, raising its total royalty on…
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NAME: Canadian Zinc reborn as NorZinc
VANCOUVER – NorZinc Ltd. has changed its name from Canadian Zinc Corp. and will trade on the TSX under the new symbol NZC. The new name is part of a rebranding initiative that will draw attention to the company’s core…
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GOLD-SILVER: Eastmain plans pre-development work at Eau Claire
QUEBEC – Eastmain Resources of Toronto is advancing its Eau Claire gold-silver project in the James Bay area. The company will undertake engineering studies for an underground exploration ramp as well as environmental and infrastructure studies. In May 2018, Eastmain…
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HOISTS: Agnico Eagle’s Kittila chooses ABB
FINLAND – As part of the development of the largest gold mine in Europe – located in Kittila in the far north of Finland – Agnico Eagle Mines of Toronto has chosen ABB’s production and personnel hoists. This investment will…
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COPPER: Baikal begins construction at Russia’s largest copper project
RUSSIA – Construction has begun at Udokan, the largest undeveloped copper project in Russia and perhaps the third largest in the world. The owner, private company Baikal Mining, has a target of 130,000 tonnes of copper annually for the initial…
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SOFTWARE: Hatch launches ORMS to save time and money
MISSISSAUGA, Ont. – At the end of last month Hatch launched its Operational Readiness Management System (ORMS), a cloud-based application designed to make operational readiness more efficient, saving time and money. The ORMS application was specifically designed to manage, track,…
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DIAMONDS: Peregrine shareholders approve De Beers offer
TORONTO – Shareholders of Peregrine Diamonds have voted overwhelmingly in favour of a takeover offer from De Beers Canada. The arrangement was passed by 98.35% of votes cast by all stakeholders. De Beers proposed to acquire all of the Peregrine…
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Golden hopes for new mines
CMJ highlights some of Canada’s most promising gold exploration projects
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OFFICE: Cementation Canada opens Toronto office
TORONTO – Last week Cementation Canada opened a new office in the Greater Toronto Area, located at 4711 Yonge Street. By developing a GTA-based group of engineers and design professionals, Cementation is building capacity and enhancing the company’s service offering…
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GOLD: Avino drilling former Bralorne mine
BRITISH COLUMBIA – Avino Silver and Gold Mines of Vancouver is going back into the former Bralorne gold mine near Gold Bridge with a $6-million exploration program. “The strategic exploration which commenced in June of this year is well underway…
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GOLD: Resource Capital completes bulk sampling at Dufferin mine
NOVA SCOTIA – Resource Capital Gold of Vancouver has completed bulk sampling at its Dufferin gold mine, and the results are promising. The project includes a high grade underground mine and fully permitted 300 t/d gravity and flotation plant. A…
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MAGNESIUM: Quebec chips in $31M for Alliance plant
QUEBEC – Alliance Magnesium of Brossard, Que., has signed a financing agreement with the province’s Economic Development Fund for $30.9 million that will be applied toward building the first commercial phase of a plant in Danville. Quebec is offering a…
