Canadian Mining Journal Staff

OIL SANDS: COSL rallies against Suncor takeover bid

CALGARY – Canadian Oil Sands Ltd. has adopted a shareholders rights plan to fend off the hostile takeover bid by Suncor Energy. Earlier this week, Suncor offer to buy up all COSL shares and assume its debt in a deal worth $6.6 billion.

Canadian Mining Journal Staff | October 7, 2015 | 4:25 pm

SILVER: Teck, Franco-Nevada strike streaming deal

PERU – Teck Resources and Franco-Nevada Corp. have struck a streaming deal for Teck’s share of silver produced at the Antamina copper-zinc mine 270 km north of Lima. Teck owns a 22.50% interest in the Antamina joint venture along...

Canadian Mining Journal Staff | October 7, 2015 | 4:23 pm

COPPER-GOLD: Deep Kerr deposits continue to grow as Seabridge drills

BRITISH COLUMBIA – Results from two  more diamond drill holes in the Deep Kerr zone at Seabridge Gold’s KSM copper-gold project 65 km northwest of Stewart have been received. Assays identified 340 metres of core that averaged...

Canadian Mining Journal Staff | October 7, 2015 | 4:22 pm

GOLD: Integra cuts new zones at Lamaque South

QUEBEC – Integra Gold Corp. of Vancouver has discovered two new gold-bearing zones at Lamaque South in Val d’Or. These new zones, located 2.6 and 2.7 km west of the Triangle zone, are similar to other deposits on the property.

Canadian Mining Journal Staff | October 7, 2015 | 4:21 pm

Oceanic Iron Ore gets interest from China’s Sinohydro

Sinohydro, one of China’s oldest state-owned enterprises set up shortly after Chairman Mao Zedong’s Communist party swept to power in 1949, says it is “willing and ready” to become an equity shareholder in Oceanic...

Canadian Mining Journal Staff | October 7, 2015 | 4:19 pm

COMMENT: Other avenues to junior survival

Yesterday, CMJ readers learned how successful Secova Metals has been at raising exploration funds, even though its flagship Duvay gold project in the Abitibi Greenstone Belt lacks 43-101-compliant resources. The company does it the old...

Canadian Mining Journal Staff | October 6, 2015 | 4:22 pm

COPPER: First Quantum cuts costs at Cobre Panama development

TORONTO – Weak metal prices are causing another copper producer to tighten its purse strings. First Quantum Minerals says its focus will continue to be on profitability and cash flow from its mining operations.

Canadian Mining Journal Staff | October 6, 2015 | 4:20 pm

GOLD: Northern Gold recovers 3,516 oz from Garrcon bulk sample

ONTARIO – Northern Gold Mining of Toronto says the last of the 73,534-tonne bulk sample from the Garrcon deposit has been processed at the Holt mill and 3,564 oz of gold was recovered. The average head grade was 1.55 g/t Au and the...

Canadian Mining Journal Staff | October 6, 2015 | 4:19 pm

SILVER: Bayhorse reaches first stope, begins stockpiling

OREGON – Bayhorse Silver of Vancouver says it has reached the first stope in its 80% owned Bayhorse silver mine in the central part of the state. The first 95 tonnes of mineralized material has been stockpiled outside the adit.

Canadian Mining Journal Staff | October 6, 2015 | 4:18 pm

LIGHTING: Doosan offering new light towers

STATESVILLE, South Carolina – Doosan Portable Power has expanded its line of portable light towers with the introduction of two small body model light towers – the LSV6 and LSV8. Both include many of the same premium features and...

Canadian Mining Journal Staff | October 6, 2015 | 4:17 pm

Silver Standard considers JV on Chinchillas project

Silver Standard Resources’ (TSX: SSO; NASDAQ: SSRI) Pirquitas silver mine in northern Argentina’s Jujuy province is 35 km from Golden Arrow Resources’ (TSXV: GRG) 100% owned Chinchillas silver-lead-zinc project, and the...

Canadian Mining Journal Staff | October 6, 2015 | 4:15 pm

GOLD: How junior Secova digs up investors during tough times

How can Secova Metals Corp., the young junior from Vancouver, raise exploration funds with seeming ease when so many others find themselves shut out of the market? And raise money it has.

Canadian Mining Journal Staff | October 5, 2015 | 3:54 pm

OIL SANDS: Suncor makes $6.6B bid for Canadian Oil Sands Limited

CALGARY – Suncor Energy has made an unsolicited, $6.6-billion takeover bid for Canadian Oil Sands Ltd. COSL shareholders would receive 0.25 of a Suncor share for each outstanding COSL share, an offer worth $4.3 billion. Suncor would also...

Canadian Mining Journal Staff | October 5, 2015 | 3:52 pm

POTASH: PotashCorp withdraws K+S offer

SASKATOON – Potash Corporation of Saskatchewan has withdrawn its proposal to negotiate a transaction with K+S Aktiengesellschaft of Germany. On May 31, 2015, PotashCorp offered €41 for each K+S share in a deal that would see...

Canadian Mining Journal Staff | October 5, 2015 | 3:51 pm

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