Canadian Mining Journal

  • News

    Hudbay boosts gold reserves, production forecast in Manitoba

    April 7, 2020 by Steve Stakiw

    In its recent annual mineral reserve and resource update, mid-tier copper producer Hudbay Minerals (TSX: HBM; NYSE: HBM) provided some market optimism in the form of a major boost in gold at its Lalor mine within the Snow Lake Mining complex in

  • New Gold closes US$300M partnership with Ontario Teacher’s Pension Plan

    April 6, 2020 by Carl Williams

    New Gold (TSX: NGD; NYSE-AM: NGD) has closed a strategic partnership with the Ontario Teachers’ Pension Plan (OTPP) to acquire a 46% free cash flow interest in the company’s New Afton mine for an upfront cash payment of US$300 million. The

  • DynaCERT says new technology can lower diesel emissions

    March 31, 2020 by Carl Williams

    DynaCERT (TSX: DYA), a Toronto-based company, has developed a technology called HydraGEN that could significantly reduce emissions by improving the performance and fuel efficiency of diesel engines used in mining machinery and equipment. The HydraGEN technology is about the size of

  • GOLD: TMAC releases Hope Bay PFS with new 4,000 t/d plant scenario

    March 30, 2020 by Canadian Mining Journal

    NUNAVUT – TMAC Resources has released key results from a prefeasibility study completed for its wholly owned Hope Bay property, which includes an operating mine. Last year, Hope Bay produced 139,510 oz. of gold; with release of its fourth quarter

  • M&A: Argonaut and Alio announce gold-focused merger

    March 30, 2020 by Canadian Mining Journal

    TORONTO – Producers Argonaut Gold and Alio Gold have entered into an agreement for an all-share merger with Argonaut acquiring Alio to create a diversified intermediate company with output of over 235,000 gold-equivalent oz. annually. With a share exchange ratio

  • Barrick updates 10-year plan

    March 30, 2020 by Carl Williams

    Barrick Gold (TSE: ABX; NYSE: GOLD) has unveiled a 10-year gold production plan in which it aims to maintain production levels of approximately 5 million oz. gold per year between 2020 and 2029. The plan is based on its current operating

  • News

    URANIUM: Cameco, Orano Canada suspending Sask. operations due to COVID-19

    March 24, 2020 by Canadian Mining Journal

    SASKATCHEWAN – Uranium companies Cameco and Orano Canada are suspending mining and processing activities at their operations in the northern part of the province due to the COVID-19 threat. The two companies jointly agreed to suspend production activities: Cameco operates

  • News

    COVID-19: South African mines to suspend operations for 21 days

    March 24, 2020 by Canadian Mining Journal

    On Monday evening, South Africa’s president Cyril Ramaphosa announced a 21-day nationwide lockdown as of midnight on Mar. 26 to slow the spread of the COVID-19 virus. As a result, companies operating mines in the country, such as Anglo American,

  • News

    Global Gold Snapshot: Eight companies to watch

    March 24, 2020 by Magda Gardner

    Given the market volatility from the spread of COVID-19, the outlook for gold remains uncertain. Nevertheless, gold exploration and mine development remain important drivers of mining activity. Here are eight companies with exposure to gold and precious metals. Bear Creek

  • News

    GOLD: Kirkland Lake reduces Detour Lake activities due to COVID-19

    March 23, 2020 by Canadian Mining Journal

    TORONTO – Kirkland Lake Gold has announced that it is temporarily reducing its workforce at the Detour Lake mine site to 300 people due to the COVID-19 threat; the camp typically hosts 1,100 workers. As part of its COVID-19 response

  • News

    GOLD: B2Gold implements precautionary measures at mine sites

    March 23, 2020 by MINING.COM Staff

    VANCOUVER – B2Gold issued a statement saying that even though it hasn’t shut down operations due to the COVID-19 pandemic, it has put measures in place and introduced additional precautionary steps to manage and respond to the risks associated with the

  • News

    COPPER: Nevada Copper looks to strengthen balance sheet

    March 19, 2020 by Canadian Mining Journal

    NEVADA – As its Pumpkin Hollow underground mine ramps up to commercial production, Nevada Copper has entered into non-binding arrangements for a balance sheet strengthening package. The company is working to reach binding agreements in the next two weeks. “This