Canadian Mining Journal


Investing


  • News

    QUEBEC: Miners urge government action to boost industry

    March 10, 2016 by Canadian Mining Journal

    QUEBEC CITY – The Association minière du Québec is calling on the provincial government to support the mining industry so that investments in new producers will rise in the province. “There has been a sustained reduction of investments since 2013

  • News

    NICKEL-COPPER: First Quantum sells Kevista mine for $712M

    March 10, 2016 by Canadian Mining Journal

    FINLAND – Cash strapped First Quantum Minerals of Toronto has sold its Kevista copper-nickel-PGE mine in Lapland to Boliden AB for US$712 million in cash, subject to customary adjustments. The Kevista open pit and mill is capable of producing to

  • News

    EXPLORATION: Worldwide non-ferrous budgets drop 19%

    March 7, 2016 by Canadian Mining Journal

    HALIFAX – The latest World Exploration Trends report from SNL Metals & Mining, a group within S&P Global Market Intelligence, reveals that the global exploration sector continues to struggle against strong market headwinds. Key findings of the report include: A

  • News

    ZINC-LEAD: Canadian Zinc signs two offtake agreements for Prairie Creek mine

    March 3, 2016 by Canadian Mining Journal

    NORTHWEST TERRITORIES – Canadian Zinc Corp. has signed offtake agreements with Korea Zinc and Boliden for the sale of zinc and lead concentrates from its Prairie Creek mine. The mine and mill are located about 200 km west of Fort

  • News

    RARE EARTHS: Plan Nord invests in separation technology

    March 3, 2016 by Canadian Mining Journal

    QUEBEC – Montreal-based GeoMegA Resources has the support of the Quebec government for the development of rare earths separation technology. As part of the Plan Nord program, and of the Réseau Capital Baie-James, specifically the Société de développement de la

  • News

    COMMENT: The best of places, the worst of places

    March 1, 2016 by Marilyn Scales

    Calgary’s Fraser Institute has released its latest ranking of the best and worst places to be a miner. Every year the organization takes a global look at where governments encourage the mineral industry based on government policies that affect  investment

  • News

    GOLD: Pretium raises final $130M for Brucejack

    March 1, 2016 by Canadian Mining Journal

    BRITISH COLUMBIA – Vancouver-based Pretium Resources has closed the sale of about 28.4 million common shares, raising US$130.0 million to be used for the development of the Brucejack gold project 65 km north of Stewart. The shares carried a price

  • News

    Taseko’s proxy battle with Raging River gets heated

    March 1, 2016 by Canadian Mining Journal

    VANCOUVER — Taseko Mines (TSX: TKO; NYSE-MKT: TGB) is in the midst of a proxy battle with upstart activist shareholders Raging River Capital, which has led to a flurry of press releases and a potential defamation law suit. Raging River requisitioned a

  • News

    GOLD: Goldcorp abandons monthly dividend

    February 29, 2016 by Canadian Mining Journal

    VANCOUVER – Goldcorp has abandoned the monthly dividend payments it has made since it was founded in favour of a quarterly disbursement beginning in June 2016. At the same time the annual dividend is reduced to US$0.08 per share, to

  • News

    GOLD: Kinross arranges $250M bought deal financing

    February 24, 2016 by Canadian Mining Journal

    TORONTO – Kinross Gold Corp. has arranged a bought deal offering of 83.4 million common shares at a price of US$3.00 each for gross proceeds of approximately US$250 million. TD Securities and Scotiabank are leading the syndicate that will provide

  • News

    GOLD: Goldcorp invests in Cheechoo project

    February 23, 2016 by Canadian Mining Journal

    QUEBEC – Vancouver-based Goldcorp has agreed to purchase 7.4 million units of Montreal’s Sirios Resources, the 45% owner and operator of the Cheechoo gold project in the James Bay area, near Goldcorp’s Eleonore gold mine. The investment is worth $962,000.

  • News

    Cutifani strives for ‘new’ Anglo American after tough 2015

    February 22, 2016 by Canadian Mining Journal

    In a video message to shareholders, Anglo American (US-OTC: AAUK; LSE: AAL) CEO Mark Cutifani said the company will dispose of an additional US$3-$4 billion in assets this year after posting a net loss of US$5.5 billion in 2015. Underlying earnings before