Canadian Mining Journal Staff

Wesdome ‘proud’ of Ontario mines

For a company that hasn’t had to raise equity since 2006 and whose last financing was a $7 million convertible debenture in 2012, which isn’t due until 2017, Wesdome Gold Mines (TSX: WDO) has performed fairly well since the...

Canadian Mining Journal Staff | September 15, 2015 | 4:09 pm

GOLD: Wesdome to cultivate growth at Eagle River, Mishi mines

ONTARIO – Wesdome Gold Mines of Toronto is making plans to mine higher grades from the Eagle River underground mine and boost the mining rate at the Mishi pit near Wawa. By 2019 the operations may have an annual output of as much as...

Canadian Mining Journal Staff | September 14, 2015 | 4:27 pm

WORKSHOP: How to reduce energy use in grinding

TORONTO – Registration is now open for the CEEC-CMIC Energy in Comminution Workshop to be held at the University of Toronto on Sept. 28, 2015. Participants will benefit from expert insight on innovative, energy saving comminution...

Canadian Mining Journal Staff | September 14, 2015 | 4:26 pm

GOLD: Barrick updates reserves, resources at Lagunas Norte

PERU – Barrick Gold of Toronto has filed an updated 43-101 report for its Lagunas Norte gold mine in the Alto Chicama district. This operation began production in 2005, producing 582,000 oz of gold in 2014 at an all-in sustaining cost of...

Canadian Mining Journal Staff | September 14, 2015 | 4:23 pm

Bacanora, Rare Earth Minerals sign landmark lithium supply deal with Tesla

VANCOUVER — Tesla Motors (NASDAQ: TSLA) has signed a conditional agreement with joint venture partners Bacanora Minerals (TSXV: BCN) and Rare Earth Minerals (LSE: REM) in a move to secure long term resources from the juniors’ Sonora...

Canadian Mining Journal Staff | September 14, 2015 | 4:20 pm

EXPLORATION: Geoscience BC to pump $2.4 into mineral hunt

BRITISH COLUMBIA – Geoscience BC, a provincially supported non-profit organization in Vancouver, is launching the new $2.4 million “Search” project in northwest British Columbia in the hope of stimulating mineral exploration....

Canadian Mining Journal Staff | September 10, 2015 | 3:57 pm

GOLD: Oban raises $10M for Canadian exploration

TORONTO – Oban Mining Corp. has issued 6.46 million flow-through common shares to Dundee Securities, raising slightly more than $10 million. The proceeds will be used for eligible Canadian exploration expenses.

Canadian Mining Journal Staff | September 10, 2015 | 3:56 pm

MINING PEOPLE: PotashCorp and Red Pine Exploration

Potash Corporation of Saskatchewan, headquartered in Saskatoon, has added Aaron W. Regent to its board of directors. He was previously the president and CEO of Barrick Gold, and he sits on the board of the Bank of Nova Scotia. His also a former...

Canadian Mining Journal Staff | September 10, 2015 | 3:55 pm

EXPLOSIVES: Nordex to supply Young-Davidson gold mine

KIRKLAND LAKE, Ontario – Nordex Explosives has signed a two year supply agreement with Alamos Gold for the supply of explosive products to the Young-Davidson gold mine located in Matachewan, ON. Under the terms of the agreement, a minimum...

Canadian Mining Journal Staff | September 10, 2015 | 3:53 pm

AuRico CEO: ‘We’re well situated for challenging markets’

VANCOUVER – Newly minted AuRico Metals (TSX: AMI; US-OTC: ARCTF) is poised to hit the ground running with a strong capital position and a portfolio of royalty assets that already make it cash flow positive.

Canadian Mining Journal Staff | September 10, 2015 | 3:50 pm

ABORIGINAL RELATIONS: First Nations leaders demand new approach to resource development

VANCOUVER – As the BC Cabinet and First Nations Leaders’ Gathering takes place in this coastal city this week, certain First Nations chiefs are demanding improvements and changes to the resource development process.

Canadian Mining Journal Staff | September 9, 2015 | 4:05 pm

COPPER: Poor markets force Capstone to cut spending

VANCOUVER – Capstone Mining Corp. says poor market conditions are to blame for its decision to cut site operating costs by US$20 million over the second half of 2015 and to suspend work on the Santo Domingo copper project in Chile.

Canadian Mining Journal Staff | September 9, 2015 | 4:03 pm

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