Canadian Mining Journal



  • News

    Leagold’s strong start at Los Filos gold mine

    August 28, 2017 by Canadian Mining Journal

    VANCOUVER — Leagold Mining (TSXV: LMC) is navigating a six-month transition period at the Los Filos heap leach gold mine in Mexico. The company acquired the asset from Goldcorp (TSX: G; NYSE: GG) in early April for US$350 million in cash and shares. On

  • News

    TMAC beset by gold recovery problems at Hope Bay

    August 24, 2017 by Canadian Mining Journal

    VANCOUVER — TMAC Resources (TSX: TMR; US-OTC: TMMFF) has slashed annual production estimates and suspended cost guidance at its wholly owned Hope Bay gold mine in Nunavut due to “processing issues” during ramp up. The company is struggling with its daily throughput

  • News

    Nevsun cuts mine life in half at Bisha; extends study timeline for Timok

    August 23, 2017 by Canadian Mining Journal

    Newly appointed CEO Peter Kukielski hasn’t wasted much time putting his imprint on Nevsun Resources (TSX: NSU; NYSE: NSU). The Stanford University educated civil engineer who joined the company in May is moving quickly to put his expertise to work in re-assessing

  • News

    Agnico declares commercial production at Goldex’s Deep 1 project

    August 22, 2017 by Canadian Mining Journal

    VAL-D’OR, QUEBEC — With the declaration of first commercial production from the Deep 1 project, Agnico Eagle Mines (TSX: AEM: NYSE: AEM) has entered a new era in the life of its wholly owned Goldex underground gold mine, just 2.5 km west

  • News

    NICKEL: Vale halts underground expansion at Voisey’s Bay

    August 21, 2017 by Canadian Mining Journal

    LABRADOR – Brazil’s Vale SA has again put plans on hold to develop and underground mine at the Voisey’s Bay nickel-copper project near Nain. The underground idea was first proposed in 2015 in response to declining open pit reserves. Exhaustion

  • First Quantum defends copper hedging amid rising prices

    August 21, 2017 by Canadian Mining Journal

    VANCOUVER — First Quantum Minerals (TSX: FM; LON: FQM) met expectations during the second quarter by most production metrics, but it finds itself in an interesting position due to a copper hedging program it instituted over the past two years. The company

  • News

    COPPER: BHP pledges $2.5B for Spence mine growth

    August 17, 2017 by Canadian Mining Journal

    CHILE – BHP of Melbourne, Australia, has committed US$2.46 billion to expand the Spence open pit, heap leach copper mine in the northern part of the company. The mine is operated by Minera Spence, a wholly owned subsidiary of BHP.

  • News

    Uncertainty in Guatemala drives Tahoe to suspend dividend and guidance

    August 15, 2017 by Canadian Mining Journal

    Tahoe Resources (TSX: THO; NYSE: TAHO) is suspending dividend payments and company-wide guidance due to the temporary suspension of its flagship Escobal mine in Guatemala. The decision to suspend the monthly 2¢ per share dividend will save the company about $65

  • News

    GOLD: McEwen Mining to acquire Black Fox mine from Primero

    August 14, 2017 by Canadian Mining Journal

    ONTARIO – McEwen Mining of Toronto has announced plans to purchase the operating Black Fox gold mine 60 km north of Timmins from current owner Primero Mining Corp. The $35-million deal includes the mine, Black Fox mill, Grey Fox development

  • News

    GOLD: TMAC drills 15.3 g/t over 22.3 metres at Boston deposit

    August 14, 2017 by Canadian Mining Journal

    NUNAVUT – Having recently declared commercial production from the Doris deposit at its Hope Bay gold project in the Kitikmeot region, TMAC Resources of Toronto turned its attention to the Boston deposit. The initial drilling program was designed to extend

  • News

    GOLD: KLGold reports new high grade intersections – 72.8 g/t – east of Taylor mine

    August 14, 2017 by Canadian Mining Journal

    ONTARIO – Toronto-based Kirkland Lake Gold has an active exploration program near Matheson, and it is turning up even more high grade intersections east of the Taylor mine. KLGold says the drilling that it did east of the Shaft deposit

  • News

    Red Eagle grapples with ground conditions at San Ramon

    August 9, 2017 by Canadian Mining Journal

    VANCOUVER — Red Eagle Mining (TSX: R; US-OTC: RDEMF) announced first gold at its San Ramon underground gold mine in Colombia in late 2016, but ramp-up at the operation hasn’t exactly been going according to plan. The company has been struggling with