Canadian Mining Journal



  • News

    NICKEL: Ambatovy JV restructured, Sherritt cuts debt

    November 13, 2017 by Canadian Mining Journal

    MADAGASCAR – Toronto-based Sherritt International and its partners Sumitomo Corp. and Korea Resources Corp. have restructured the Ambatovy nickel joint venture. Sherritt has shed a 28% interest in the project, retaining only a 12% ownership interest. By reducing its share

  • News

    Fiore Gold brings new life to beleaguered Pan mine

    November 7, 2017 by Canadian Mining Journal

    Vancouver-based Fiore Gold (TSXV:F; US-OTC:FFRRF), a new company backed by financier Frank Giustra, is off to a strong start at its revamped Pan gold mine, 28 km southeast of Eureka, Nevada, having hit record ore and gold production in September. The company

  • News

    GOLD: Northern Empire raises $13M for Sterling property

    November 6, 2017 by Canadian Mining Journal

    NEVADA – Vancouver-based Northern Empire Resources has bumped its $10-million bought deal up to $13 million. The company will now issue approximately 14.5 million shares at a price of $0.09 per share for gross proceeds of $13.0 million. Closing is

  • News

    Cameco reports $50M loss as uranium languishes

    November 6, 2017 by Canadian Mining Journal

    VANCOUVER — Canada’s Cameco (TSX: CCO; NYSE: CCJ) is in damage control amidst the worst uranium market in over a decade. The company’s underwhelming third-quarter results were plagued by a 20% year-on-year drop in spot U3O8 prices, and production delays at its Key

  • News

    GOLD: Metanor intersects 41.6 g/t south of Bachelor mine

    November 2, 2017 by Canadian Mining Journal

    QUEBEC – Metanor Resources of Val d’Or, Que., began drilling in September on level 11 to the south from the main workings of the Bachelor gold mine 90 km northeast of Lebel-sur-Quevillon. The work intersected the Moroy structure, and assays

  • News

    A Q3 financial review of Canada’s largest gold producers

    November 2, 2017 by Canadian Mining Journal

    VANCOUVER — The Northern Miner presents a roundup of third-quarter results from Canada’s three largest gold producers by market capitalization: Barrick Gold (TSX: ABX; NYSE: ABX); Agnico Eagle Mines (TSX: AEM; NYSE: AEM); and Goldcorp (TSX: G; NYSE: GG). The

  • DIAMONDS: Washington Cos complete Dominion Diamond deal

    November 1, 2017 by Canadian Mining Journal

    MISSOULA, Mont.  – The Washington Companies has completed the plan of arrangement making Dominion Diamond Corp. of Calgary a standalone, private company and member of the Washington group. Patrick Evans, formerly of Mountain Province Diamonds, has been named Dominion president

  • News

    GOLD: Agnico, Yamana to begin permitting for new underground mine

    October 30, 2017 by Canadian Mining Journal

    QUEBEC – Joint owners of the Canadian Malartic gold mine – Agnico Eagle Mines and Yamana Gold of Toronto – have begun the permitting process for a potential new underground mining to recover ore from the Odyssey and East Malartic

  • News

    Stornoway’s Matt Manson speaks on the struggle to build Renard at PMF

    October 30, 2017 by Canadian Mining Journal

    The following is a transcript of the remarks made by Stornoway Diamond president and CEO Matt Manson at the Progressive Mine Forum in Toronto on Oct. 23, where he was presented with The Northern Miner’s Mining Person of the Year award

  • News

    GOLD: Beaufor mine pours first gold under new owner Monarques

    October 26, 2017 by Canadian Mining Journal

    QUEBEC – Monarques Gold Corp. of Montreal has poured the first gold bar at the Beaufor mine 27 km northeast of Val d’Or since it acquired the property from Richmont Mines earlier this month. The event vaults Monarques into the

  • News

    GOLD-SILVER: Argonaut declares commercial production at San Agustin

    October 24, 2017 by Canadian Mining Journal

    MEXICO – Toronto-based Argonaut Gold has declared commercial production at its San Agustin gold-silver mine in Durango. The project came in on time and 20% below the initial capital budget estimate of $42.6 million (all U.S. dollars). President and CEO

  • SEC charges Rio Tinto with fraud

    October 24, 2017 by Canadian Mining Journal

    The U.S. Securities and Exchange Commission (SEC) has charged Rio Tinto (NYSE: RIO; LON: RIO) and two of its former executives with fraud for inflating the value of coal assets the company acquired in Mozambique for $3.7 billion in 2011 and sold