Canadian Mining Journal

  • GOLD-COPPER: Centerra offers $310M for AuRico and its Kemess project

    November 7, 2017 by Canadian Mining Journal

    TORONTO – Centerra Gold and AuRico Metals are planning a friendly amalgamation of their businesses. Centerra will acquire all of the issued and outstanding shares of AuRico for $1.80 per share, representing a transaction value of $310 million. The price

  • News

    REPORT: Juniors enter period of cautious optimism

    November 6, 2017 by Canadian Mining Journal

    TORONTO – Canada’s junior mining sector is seeing renewed confidence as market capitalization rose, according to PwC Canada’s Junior mine 2017 report released on Nov. 6. Capitalization of the top 100 juniors on the TSX Venture Exchange reached $12.2 billion,

  • News

    GOLD: Drilling confirms continuity at Golden Predator’s 3 Aces project

    October 25, 2017 by Canadian Mining Journal

    YUKON – Vancouver’s Golden Predator Mining continues to drill – 20 reverse circulation holes –  at its 3 Aces project. Results confirmed the strike length of the Ace of Hearts vein to be 600 metres and the extension of mineralization

  • News

    GOLD: Lundin orders long lead time processing equipment for Fruta del Norte project

    October 18, 2017 by Canadian Mining Journal

    ECUADOR – Vancouver-based Lundin Gold says it has ordered long lead time grinding equipment for the Fruta del Norte gold mill. The package includes the SAG and ball mills complete with motors to be supplied by Outotec Chile. Outotec was

  • News

    GOLD: Victoria drills 14.65 g/t from Catto zone at Dublin Gulch

    October 17, 2017 by Canadian Mining Journal

    YUKON – Toronto-based Victoria Gold Corp. has received additional results from the on-going 2017 Dublin Gulch gold exploration program 375 km north of Whitehorse, in the Mayo district. The most recent results comes from the Catto zone, located between the

  • IRON ORE: Champion moves closer to Bloom Lake reopening

    October 16, 2017 by Canadian Mining Journal

    QUEBEC – Champion Iron of Montreal has moved another step closer to reopening the Bloom Lake iron ore mine with the non-brokered sale of a $31.2 million subordinated unsecured mandatory convertible debenture to Glencore International. The debenture will mature in

  • News

    COPPER: Altiplano cuts 10%+ Cu at Farellon

    October 16, 2017 by Canadian Mining Journal

    CHILE – If there is such a thing as bonanza copper grades, Altiplano Minerals of Edmonton has hit it at the Farellon project near La Serena. Here are some highlights: Hole 20: 10.29% copper over 0.76 metres and 9.45% over

  • News

    eCobalt plans US production facility

    October 12, 2017 by Canadian Mining Journal

    VANCOUVER — eCobalt Solutions (TSX: ECS; US-OTC: ECSIF) hopes to restart construction at its Idaho Cobalt project (ICP) next year, which could set the stage for first production in early 2020. The site is located in east-central Idaho, roughly 40 km due west

  • News

    Fortuna Silver approves construction at Lindero

    October 5, 2017 by Canadian Mining Journal

    Fortuna Silver Mines (TSX: FVI; NYSE: FSM) has greenlit construction of an open pit, heap leach mine at its 100% owned Lindero porphyry gold project located 260 km west of the city of Salta, in northwestern Argentina’s Salta Province. Fortuna acquired

  • News

    GOLD: Monarques enters producer ranks with acquisition of Beaufor mine

    October 2, 2017 by Canadian Mining Journal

    QUEBEC – Monarques Gold Corp. of Montreal has entered the ranks of Quebec gold producers with the acquisition of the Beaufor gold mine 27 km northeast of Val d’Or. The mine produced roughly 20,000 oz. of gold in 2016 and

  • News

    B2Gold’s Fekola to pour first gold in October

    September 28, 2017 by Canadian Mining Journal

    B2Gold (TSX: BTO; NYSE: BTG) says it has started processing ore at its Fekola mine in southwestern Mali and will reach commercial production before the end of the year. The mid-tier miner already operates four gold mines — two in Nicaragua,

  • ZINC-COPPER: Hudbay closes $242M equity offering

    September 27, 2017 by Canadian Mining Journal

    TORONTO – Hudbay Minerals says it has closed its previously announced equity offering of 24 million shares at a price of $10.10 per share. Gross proceeds are $242.4 million. The company said it will use the net proceeds of the