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Canada’s next mines-to-be get creative with financing
A look at development projects that have landed mine financings this year
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Getting a handle on remote mine costs
How cost estimating can help guide project decisions early on
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Financing uptrend continues, PDAC report says
The following is an edited summary from the Prospectors & Developers Association of Canada report, State of Mineral Finance 2018: Gaining Momentum. For more information and to read the full report, visit www.pdac.ca. After a prolonged downturn in mineral industry activity, 2016…
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POTASH: Encanto, Muskowekwan secure federal funds for mine
SASKATCHEWAN – The Muskowekwan First Nation and Encanto Potash Corp. of Vancouver have confirmed that the government of Canada will provide funding for the upcoming engineering work for the Muskowekwan potash solution mine near the town of Lestock. The funds…
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GOLD: Equinox begins stockpiling ore at Aurizona mine
BRAZIL – Equinox Gold of Vancouver has begun stockpiling ore from the open pit Aurizona gold mine in the Maranhao state in preparation to resume production. Construction at the project is on time and on budget to pour gold by…
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GOLD: Winter Drilling Strengthens Model for Large-Scale Intrusive Hosted Gold System at Éléonore South
TORONTO – Eastmain Resources Inc. is pleased to announce the receipt of assay results from 32 drill holes totalling 5,449 m completed during the winter drilling campaign at the Éléonore South Joint Venture (ESJV) Property (Eastmain-Goldcorp-Azimut). This phase completes the H2/2017-H1/2018 diamond…
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ENVIRONMENTAL: Provincial environmental assessment review of IDM Mining’s Red Mountain gold project advances to final stage
VANCOUVER – IDM Mining Ltd. is pleased to announce that the temporary voluntary suspension of the 180-day time limit for the application review of the Red Mountain Gold Project has been lifted by the BC Environmental Assessment Office (“EAO”) and the Project is…
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ENVIRONMENT: Fifteen Mile Stream Gold Project – Public Comments Invited
OTTAWA – The Canadian Environmental Assessment Agency (the Agency) has commenced a federal environmental assessment for the proposed Fifteen Mile Stream Gold Project, located 95 kilometres northeast of Halifax, Nova Scotia. The Agency invites the public and Indigenous groups to comment on which aspects…
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GOLD: Agnico Eagle Provides Update on Nunavut Projects
TORONTO – Agnico Eagle Mines Limited is providing an update on activities at its 100% owned Nunavut projects. These include the Amaruq project, which is located approximately 50 kilometres northwest of the Meadowbank mine, and the Meliadine project, which is located approximately 25 kilometres…
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GOLD: Lundin closes $350M debt facility, announces offtake deal
ECUADOR – Lundin Gold of Vancouver has closed a $350-million (all amounts are U.S. dollars) senior secured project finance debt facility with a syndicate of seven lenders. The funds will go toward development and construction of the Fruta del Norte…
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Cobalt27’s Anthony Milewski discusses Vale transaction, cobalt outlook
Cobalt27 Capital (TSXV: KBLT) recently acquired a US$300-million cobalt stream on Vale’s (NYSE: VALE) Voisey’s Bay nickel-copper-cobalt mine, beginning in 2021. It also has a stream on the Ramu nickel-cobalt mine in Papua New Guinea owned by the Metallurgical Corp. of China, and…
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SPODUMENE: CEAA okays N.A. Lithium project, DFO next
QUEBEC – The spodumene mine 60 km north of Val d’Or proposed by North American Lithium of Toronto has been deemed not to pose an environmental risk under terms of the Canadian Environmental Assessment Act. North American lithium is developing…
