Canadian Mining Journal Staff, Author at Canadian Mining Journal

First Majestic looks to snatch SilverCrest

First Majestic Silver (TSX: FR; NYSE: AG) is buying SilverCrest Mines (TSX: SVL) in a largely all-share, $154-million deal to bulk up its treasury and asset base.

Canadian Mining Journal Staff | July 30, 2015 | 4:10 pm

PLATINUM: NAP second quarter suffers from mill interruption

ONTARIO – A mill shutdown from May 8 to June 26 at the Lac des Iles mine has cut deeply into the second quarter results of Toronto-based North American Palladium. The mill was idled due to water balance issues caused by a late and rapid...

Canadian Mining Journal Staff | July 29, 2015 | 4:13 pm

TAILINGS: Dam breaches increasing in frequency

WASHINGTON, DC – A new report available at Earthworks Action notes that catastrophic tailings spills are occurring with increasing frequency around the world. Moreover, the new study, The Risk, Public Liability, and Economics of Tailings...

Canadian Mining Journal Staff | July 29, 2015 | 4:12 pm

URANIUM: Denison drills new mineralization at Murphy Lake

SASKATCHEWAN – Toronto's Denison Mines, operator of the Murray Lake project 30 km northwest of the McClean Lake mill, hit uranium mineralization in the first hole of a four-hole program. Hole MP-15-03 returned 0.2% eU3O8 over 6.9 metres...

Canadian Mining Journal Staff | July 29, 2015 | 4:11 pm

Teck chugs along amid weak coal prices

Teck Resources (TSX: TCK.B; NYSE: TCK) posted decent second quarter results, but analysts remain cautious about the diversified miner’s path forward, amid weakening coal markets.

Canadian Mining Journal Staff | July 29, 2015 | 4:09 pm

GOLD: Centerra says Oksut feasibility study is positive

TURKEY – Centerra Gold of Toronto has looked at the feasibility study for its Oksut gold project and says it is positive. If the timeline goes as projected, the first production from the mine 50 km south of the city of Kayseri will be in...

Canadian Mining Journal Staff | July 29, 2015 | 4:09 pm

GOLD-COPPER: FCX announces cost cutting plans

PHOENIX, Arizona – Freeport-McMoRan, one of North America's largest copper-gold producers, has announced plans to trim costs in the face of shrinking prices for its major products. The company said investors should expect it to make cuts...

Canadian Mining Journal Staff | July 28, 2015 | 4:21 pm

WATER TREATMENT: Genomics show promise in passive remediation

TORONTO – As long ago as 1556 with the publication of De Re Metallica by Georgiius Agricola, mining and mineral processing were known to be deleterious to water quality. It is a problem in search of an economic answer even today.

Canadian Mining Journal Staff | July 28, 2015 | 4:20 pm

GOLD-COPPER: Seabridge traces extension of Mitchell deposit at depth

BRITISH COLUMBIA – Seabridge Gold of Toronto has traced a "sizeable expansion" of the Mitchell gold-copper deposit at depth on its KSM property 65 km northwest of Stewart.

Canadian Mining Journal Staff | July 28, 2015 | 4:19 pm

POWER: Zambia cuts power supply to Barrick, First Quantum mines

ZAMBIA – As if gold and copper producers aren't having a difficult enough time of things these days, local power utility Zesco is limiting electricity deliveries to its customers, notably to Barrick Gold and First Quantum Minerals.

Canadian Mining Journal Staff | July 28, 2015 | 4:16 pm

Gold price fall may trigger another round of write-downs

Data recently published by Wood Mackenzie illustrates that at US$1,100 per oz. gold, about 10% of current gold mine production is uneconomic on a total cash cost plus sustaining capex basis.

Canadian Mining Journal Staff | July 28, 2015 | 4:15 pm

GUEST COMMENT: Reason to look again at a “Mining Marshall Plan”

Occasional contributor Stan Sudol proposed in 2011 a plan to maximize the economic contribution of mining in northern Ontario. Recently he updated the idea in light of the recommendations of the Truth and Reconciliation Commission. Here is what...

Canadian Mining Journal Staff | July 27, 2015 | 4:16 pm

ZEOLITE: Canadian Mining has 50,000-t/y permit for Bromley Creek

BRITISH COLUMBIA – Vancouver-based Canadian Mining Co. has received a new five-year, 50,000-t/y quarry permit for its Bromley Creek zeolite mine lease near Princeton. The permit was issued by the BC Ministry of Energy and Mines, and it...

Canadian Mining Journal Staff | July 27, 2015 | 4:15 pm

GOLD-SILVER: Ascot planning bulk sample at Premier

BRITISH COLUMBIA – Ascot Resources of Surrey, BC, has begun an infill drilling program at its Premier gold-silver project north of Stewart. The goal is to determine the bulk sample potential of the property.

Canadian Mining Journal Staff | July 27, 2015 | 4:13 pm

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