Canadian Mining Journal



  • News

    DIAMOND: Lucara sells 1,100-ct Lesedi La Rona for $53M

    September 26, 2017 by Canadian Mining Journal

    VANCOUVER – Lucara Diamond Corp. has finally sold the 1,109-carat Lesedi La Rona diamond for US$53 million (US$47,777 per carat) to Graff Diamonds. The company tried to auction the stone in June 2016, but offers did not reach the reserve

  • News

    GOLD: Atlantic Gold feeds first ore to Moose River mill

    September 25, 2017 by Canadian Mining Journal

    NOVA SCOTIA – Atlantic Gold Corp. of Vancouver says the first ore from the Moose River Consolidated (MRC) mine in Halifax county has been fed to the new mill. The run-of-mine stockpile remains at about 60,000 tonnes. The company says

  • News

    GOLD: Leagold begins underground development of Bermejal deposit at Los Filos

    September 25, 2017 by Canadian Mining Journal

    MEXICO – Underground development of the Bermejal gold deposit has begun says Leagold Mining. The Bermejal underground will be mined concurrently with the Los Filos open pit in Guerrero. “The contribution from underground mining at Bermejal will add approximately 150,000

  • News

    GOLD: The Goldcorp pipeline examined

    September 25, 2017 by Canadian Mining Journal

    VANCOUVER – Goldcorp recently took a close look at its project pipeline that forms the basis of the company’s five-year 20/20/20 plan. This plan will see gold production and reserves rise by 20%, while all-in sustaining costs will fall by

  • News

    GOLD: Anaconda beginning infill program at Argyle

    September 21, 2017 by Canadian Mining Journal

    NEWFOUNDLAND – Anaconda Mining of Toronto has begun an infill percussion drill program at its Argyle gold discovery about 4.5 km from its Pine Cove mill and tailings facility at the Point Rousse project. The company plans to drill about

  • News

    GOLD: Alamos increases credit facility to $400M

    September 21, 2017 by Canadian Mining Journal

    TORONTO – Alamos Gold has increased its existing undrawn revolving credit facility to US$400 million from US$150 million. The company will now pay fees of 0.45% on the undrawn portion and drawn fees of LIBOR plus 2.00%. The facility matures

  • News

    GOLD: Argonaut pours first gold from San Agustin

    September 20, 2017 by Canadian Mining Journal

    MEXICO – Toronto-based Argonaut Gold has poured the first gold from its San Agustin project in Durango. The feat comes only 10 months after breaking ground on the project. Pete Dougherty, president & CEO said, “Also of great importance to

  • GOLD: McEwen raises $40M for purchase of Black Fox mine

    September 19, 2017 by Canadian Mining Journal

    TORONTO – McEwen Mining has entered into an agreement with a syndicate of underwriters for the purchase of 18 million common shares at a price of $2.25 each and 18 million warrants. Each warrant allows the holder to purchase a

  • News

    BOOK: Keevil pens memoir, “Never Rest on Your Ores”

    September 18, 2017 by Canadian Mining Journal

    VANCOUVER – Teck Resources and McGill-Queen’s University Press are jointly publishing a new book, “Never Rest on Your Ores: Building a Mining Company One stone at a Time”. Written by Teck chairman Norman B. Keevil, the book is a lively

  • News

    GOLD: Kinross goes forward with $1B Tasiast, Round Mountain expansions

    September 18, 2017 by Canadian Mining Journal

    TORONTO – Kinross Gold is proceeding with not one, but two major expansions. One is the $590-million (all U.S. dollars) expansion phase two of the Tasiast mill in Mauritania, and the other is the $445-million phase W mining expansion at

  • News

    Coeur to acquire JDS’ Silvertip mine in BC for US$200M

    September 18, 2017 by Canadian Mining Journal

    VANCOUVER — U.S.-based Coeur Mining (NYSE: CDE) is coming to British Columbia pending a US$200-million cash-and-shares deal for JDS Silver and the fledgling Silvertip silver-zinc-lead mine 16 km south of the Yukon border. The company plans to close the underground operation for around six months

  • News

    Teranga completes feasibility study on Banfora

    September 13, 2017 by Canadian Mining Journal

    Teranga Gold (TSX: TGZ) has produced more than 1.2 million ounces of gold from its Sabodala mine in Senegal since 2009 and expects its flagship operation will produce another 1 million ounces of the metal over the next five years. “If