Canadian Mining Journal



  • News

    GOLD: New shaft for Agnico’s Kittila mine in Finland

    February 20, 2018 by Canadian Mining Journal

    FINLAND – Agnico Eagle’s board of directors has approved adding a 1,044-metre-deep shaft at its Kittila gold mine. At the same time, milling capacity will be boosted 25% to 30%, increasing annual production to 250,000 oz. of gold by 2021.

  • News

    COPPER-GOLD: Capstone agrees to sell Minto mine to Pembridge Resources

    February 15, 2018 by Canadian Mining Journal

    YUKON – Vancouver-based Capstone Mining has agreed to sell its Minto copper-gold mine 240 km northwest of Whitehorse to Pembridge Resources plc of London, U.K. Capstone started production at the mine in 2007. Pembridge will pay US$37.5 million in cash

  • News

    GOLD: Golden Star reaches commercial production at Prestea underground mine

    February 1, 2018 by Canadian Mining Journal

    GHANA – The Prestea underground gold mine has reached commercial production says 90% owner and operator Golden Star Resources of Toronto. The government of Ghana holds a 10% interest. All construction is complete and output is expected to continue to

  • News

    Exclusive interview: Pretium’s Ovsenek responds to Brucejack ramp-up criticisms

    February 1, 2018 by Canadian Mining Journal

    On Jan. 23, Pretium Resources (TSX: PVG; NYSE: PVG) provided an update on the ramp-up of its flagship Brucejack underground gold mine in northwestern B.C.’s Golden Triangle district. The company was criticized by BMO Capital Markets for providing “more questions than answers”

  • News

    GOLD: Premier sets $83M development, exploration budget

    January 30, 2018 by Canadian Mining Journal

    THUNDER BAY, Ont. – Premier Gold Mines has announced plans to spend up to $83 million (all U.S. dollars) for exploration and development of its eight properties in North America. Premier’s 2018 budget includes $38.8 million for direct exploration and

  • DIAMONDS: Mountain Province makes friendly bid for Kennady

    January 29, 2018 by Canadian Mining Journal

    TORONTO – Mountain Province Diamonds and Kennady Diamonds have entered into a friendly and definitive agreement whereby Mountain Province will acquire all the issued and outstanding shares of Kennady. The latter was spun out of Mountain Province in 2012. Kennady

  • News

    GOLD: Atlantic reveals new mine plan for Moose River project

    January 29, 2018 by Canadian Mining Journal

    NOVA SCOTIA – Vancouver-based Atlantic Gold Corp. has completed the second phase of its life of mine expansion for the Moose River Consolidated (MRC) pre-feasibility study. Production is to be increased to 200,000 oz./year at an all-in sustaining cost of

  • News

    OIL SANDS: Fort Hills reaches continuous operation, Suncor

    January 29, 2018 by Canadian Mining Journal

    ALBERTA – Suncor Energy announced Jan. 29, 2018, that operations at the Fort Hills oil sands project 90 km north of Fort McMurray, is ramping up toward 90% of its 194,000 bbl/day capacity by the end of the year. “With

  • News

    LITHIUM: Nemaska named to OTCQX Best 50 for third consecutive year

    January 25, 2018 by Canadian Mining Journal

    QUEBEC CITY – Nemaska Lithium has been named to the 2018 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The Best 50 is an annual ranking of the top 50 U.S.

  • News

    GOLD: Kirkland Gold plans new shaft at Macassa to reach 1M oz/yr goal

    January 22, 2018 by Canadian Mining Journal

    ONTARIO – Coming off an excellent 2017 that saw the company top 620,000 oz. of gold produced, Toronto’s Kirkland Lake Gold is setting its sights on 1.0 million oz./yr. Chief among the means to reach that goal is sinking a

  • COBALT: Sherritt links warrants to cobalt price, raises $115M

    January 17, 2018 by Canadian Mining Journal

    TORONTO – Sherritt International is raising C$115 million through the sale of shares and share purchase warrants. The proceeds will be used to reduce debt, for general corporate purposes and to fund future growth. The company will issue 82.1 million

  • News

    LITHIUM: Nemaska’s new FS boosts Whabouchi mine life to 33 years

    January 9, 2018 by Canadian Mining Journal

    QUEBEC – Nemaska Lithium of Quebec City has completed the 2018 feasibility study covering the Whabouchi mine and concentrator located in the Eeyou Istchee James Bay area and the hydrometallurgical plant in Shawinigan.  The mine life has been extended to