Canadian Mining Journal


  • AIRBORNE SURVEY: Partnership to conduct geophysical surveys of Ontario sites

    June 15, 2016 by Canadian Mining Journal

    Prosper Gold Corp. has just announced that it has partnered with CGG Multi-Physics for a comprehensive program of airborne geophysical surveys at both its Ashley Gold and Matachewan Projects in Ontario. The CGG surveys will characterize mineralization potential from surface

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    GOLD: IAMGOLD intersects a second gold zone on the Monster Lake project

    June 15, 2016 by Robert Seagraves

    TORONTO – IAMGOLD Corporation today provided an update from its ongoing exploration program at its optioned Monster Lake project located 50 kilometres southwest of Chibougamau, Quebec, Canada.  The company is reporting final assay results from the 2016 winter diamond drilling program completed in

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    URANIUM: CEF provides $60M for work on Nexgen’s Arrow deposit

    June 2, 2016 by Canadian Mining Journal

    SASKATCHEWAN – CEF Holdings Ltd. is investing US$60 million in Nexgen Energy of Vancouver to support work on the Arrow uranium deposit at the Rook I project in the Athabasca Basin. CEF and its affiliates have agreed to purchase that

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    GOLD: Rob McEwen boosts interest in Abitibi Royalties

    June 2, 2016 by Canadian Mining Journal

    QUEBEC – Rob McEwen has boosted his interest in Abitibi Royalties of Val d’Or with the purchase of 439,084 Abitibi shares for approximately $2.3 million. That increases his interest in the company to 12.3% from 8.7%. Abitibi president and CEO

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    GOLD: Premier enters into $45M arrangement with Orion

    May 31, 2016 by Canadian Mining Journal

    THUNDER BAY, Ontario – Premier Gold Mines has entered into a US$45 million financing deal with Orion Mine Finance, and the arrangement can be increased to US$400 million should the appropriate acquisition or development opportunity arise for Premier. This is

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    Golden Predator attracts heavy hitters Albert Friedberg, Rob McEwen & Pat DiCapo

    May 31, 2016 by Canadian Mining Journal

    Albert Friedberg and his Friedberg Mercantile Group were listed among the top 40 highest earning hedge fund managers in the world by Forbes magazine in 2011. More recent rankings weren’t immediately available, but when the Toronto-based trader with billions of

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    CanAlaska’s diamond play attracts $20M option from De Beers

    May 26, 2016 by Canadian Mining Journal

    VANCOUVER — Prospect generator CanAlaska Uranium (TSXV: CVV; US-OTC: CVVUF) is not commonly associated with diamonds, but on May 18 it announced a $20.4-million option agreement with De Beers Canada on 75 “kimberlite-style” targets staked in Saskatchewan’s northwestern Athabasca basin. The company acquired the claims

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    OUTLOOK: Canadian Mining Eye points toward surging sector in Q1

    May 25, 2016 by Canadian Mining Journal

    TORONTO – EY‘s Canadian Mining Eye index gained 26% during Q1 2016, significantly outperforming the S&P/TSX composite index and the London Metal Exchange. This is a large turnaround compared to just a 2% gain in Q4 2015. The index’s gains

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    FUNDING: Quebec government supports COREM

    May 24, 2016 by Canadian Mining Journal

    QUEBEC CITY – The government of Quebec has pledged $2.8 million over three years to COREM, the large Canadian organization devoted to mineral processing R&D. The grant was announced by Luc Blanchette, Quebec minister of mines and the MNA for

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    COPPER: Altius closes $40M bought deal financing

    May 3, 2016 by Canadian Mining Journal

    ST. JOHN’S, NL – Altius Minerals Corp. has closed a $40 million bought deal financing. The company issued approximately 3.58 million common shares at a price of $11.25 per share. An over-allotment of 466,800 common shares was exercised by the

  • Raising capital in times of distress

    May 1, 2016 by Michelle Grant

    We’ve all heard the adage “cash is king,” but what can a company do to raise capital when the markets are effectively closed for business? The persistent down-cycle of the past five years has made raising external capital extremely challenging.

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    SILVER: Silver Wheaton closes $550M bought deal to pay for Antamina stream

    April 7, 2016 by Canadian Mining Journal

    VANCOUVER – Silver Wheaton Corp. has closed a US$550-million bought deal common share financing consisting of 13.14 million shares at a price of US$16.60 each. The proceeds will be used to repay a portion of the loan drawn down for