Canadian Mining Journal

  • DIAMONDS: Dominion Diamond’s new chapter

    November 23, 2017 by Virginia Heffernan

    One of the biggest deals to hit the diamond world recently is the sale and privatization of Dominion Diamond, Canada’s premier diamond miner and the world’s third largest producer of rough diamonds by value. The sale gives Montana-based Washington Companies a 100%

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    VENTILATION: TLT Actom to Install Mining Ventilation Solution in Ghana for Newmont

    November 23, 2017 by Canadian Mining Journal

    TLT ACTOM will be supplying a turnkey ventilation solution to Newmont Mining Corporation’s Subika Mine based at the Ahafo complex in Ghana. The solution will comprise both large surface fans and bulkhead cooler fans to the mine in order to ensure

  • EDITORIAL: Cameco suspends 40% of production in face of oversupply

    November 22, 2017 by John Cumming, The Northern Miner

    Every mining subsector has its unofficial leader. It’s that company — usually with the largest market capitalization — that has arguably the best combination of top mineral deposits, superb operations, savvy management, high-quality workers, technical excellence, welcoming jurisdictions, a stable

  • GOLD: New Gold Announces Sale of Peak Mines for $58 Million

    November 20, 2017 by Canadian Mining Journal

    TORONTO – New Gold Inc. today announces that it has entered into a binding agreement with Aurelia Metals Limited to sell the Peak Mines located in Cobar, New South Wales, Australia for cash consideration of $58 million. “Peak has generated significant value for New

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    INVESTMENT: Project owners in Quebec boost spending

    November 15, 2017 by Canadian Mining Journal

    QUEBEC CITY – The Quebec Mining Association says the most recent publication from the Institut de la statistique du Québec (ISQ) is good news. The numbers show that the cyclical downturn of recent years is reversed, and mining companies are

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    Asanko cuts 2018 production guidance

    November 15, 2017 by Canadian Mining Journal

    Asanko Gold (TSX: AKG; NYSE-MKT: AKG) is not going to meet its 2018 production guidance at its mine in Ghana, the company stated on the back of a site visit to the West African operation. In an updated technical presentation posted

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    ‘Credible threat’: Blockade escalates at Torex Gold’s El Limon-Guajes mine

    November 14, 2017 by Canadian Mining Journal

    An illegal blockade of Torex Gold Resources‘ (TSX: TXG) El Limon-Guajes mine in Mexico that started in the first week of November turned uglier on Monday when 35 people – 25% of whom are unknown to the company – entered the mine site and threatened

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    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

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    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

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    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

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    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

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    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