Canadian Mining Journal

  • News

    DIAMONDS: Kennady values Faraday stones at $109/ct

    August 8, 2017 by Canadian Mining Journal

    NORTHWEST TERRITORIES – Toronto-based Kennady Diamonds has received the valuation results for diamonds recovered from the Faraday 1, 2 and 3 kimberlites. A total of 1,259 carats (>0.85 mm) were recovered from this year’s bulk sample and valued by WWW

  • GOLD: IDM raises $6M for work at Red Mountain

    August 3, 2017 by Canadian Mining Journal

    BRITISH COLUMBIA – IDM Mining of Vancouver is raising $6.0 million through a non-brokered private placement for its Red Mountain gold project 15 km east of Stewart. The company will issue approximately 38.7 million flow-through shares at a price of

  • News

    PGMs: Ivanhoe publishes Platreef feasibility study

    July 31, 2017 by Canadian Mining Journal

    SOUTH AFRICA – Ivanhoe Mines has released the definitive feasibility study for phase one of its Platreef platinum group-nickel-copper-gold project 280 km northeast of Johannesburg. The first phase of the project will produce 476,000 oz. of platinum group metals and

  • News

    GOLD: New Gold’s Rainy River moves closer to commissioning

    July 27, 2017 by Canadian Mining Journal

    ONTARIO – New Gold of Toronto says it spent US$160 million during the second quarter on development at its Rainy River gold mine and mill 80 km south of Kenora. Both the schedule and budget are on track as the project

  • News

    Atlantic Gold builds critical mass ahead of first production

    July 27, 2017 by Canadian Mining Journal

    VANCOUVER — Atlantic Gold (TSXV: AGB) is on the fast track to maiden production at its Moose River Consolidated (MRC) gold project in Nova Scotia. It’s district scale vision, however, extends far beyond the mine life outlined in a mid-2015

  • News

    CONVEYORS: ThyssenKrupp to send gearless models to Oyu Tolgoi underground mine

    July 25, 2017 by Canadian Mining Journal

    MONGOLIA – One of the richest underground copper deposits in the world will soon be accessed with the help of high capacity gearless driven conveyors from ThyssenkKrupp. The industrial solutions business area has won a contract to supply a material

  • News

    Anaconda Mining grows footprint in Atlantic Canada

    July 24, 2017 by Canadian Mining Journal

    Since Dustin Angelo joined junior gold producer Anaconda Mining (TSX: ANX) as president and CEO in September 2010, he and his management team have grown the company’s footprint in Newfoundland through option deals and staking from about 660 hectares to nearly 20,000

  • COPPER-GOLD: Kamloops rejects new Ajax mine on doorstep

    July 18, 2017 by Canadian Mining Journal

    BRITISH COLUMBIA – Kamloops city council voted four-two to oppose the proposed Ajax copper-gold mine 3 km south of the town. Instead, the councillors are drafting a letter to all three political parties in the province to suspend environmental assessment

  • GOLD: Goldcorp stalls at Coffee project

    July 17, 2017 by Canadian Mining Journal

    YUKON – Vancouver-based Goldcorp has run into trouble at its Coffee gold project. Local media Yukon News reported late last week that the Yukon Environmental and Socio-economic Assessment Board has halted its review of the proposed mine because it says

  • IRON ORE: Champion borrows $180M for Bloom Lake restart

    July 13, 2017 by Canadian Mining Journal

    QUEBEC – Champion Iron of Montreal has secured US$180 million in debt financing with which to reopen the Bloom Lake iron ore mine 400 km north of Sept-Iles. The loan is made to Champion subsidiary Quebec Iron Ore by la

  • GOLD: Harte closes $25M financing for Sugar Zone development

    July 5, 2017 by Canadian Mining Journal

    ONTARIO – Toronto-based Harte Gold Corp. has closed a $25 million bought deal private placement, including the underwriters’ option. Harte issued approximately 40.3 million common shares at a price of $0.62 per share. Roughly half the shares – 19.5 million

  • News

    GOLD: Barkerville cuts 17.30 g/t over 7.50 metres at Valley zone

    July 5, 2017 by Canadian Mining Journal

    BRITISH COLUMBIA – The high grades just keep turning up at the Island Mountain gold property, part of the Cariboo gold project belonging to Barkerville Gold Mines of Toronto. The best recent assay was 17.30 g/t gold over 7.50 metres