Canadian Mining Journal Staff, Author at Canadian Mining Journal

DIAMONDS: Stornoway pours first concrete for Renard plant

QUEBEC – Montreal's Stornoway Diamond Corp. announced on April 7 that it has begun the main concrete pour for the processing plant at the Renard diamond mine, now under development 350 km north of Chibougamau. The milestone was reached...

Canadian Mining Journal Staff | April 7, 2015 | 4:37 pm

GOLD-COPPER: Seabridge raises $16.4M for exploration at KSM

BRITISH COLUMBIA – Seabridge Gold of Toronto has money in hand for this year's exploration program at the KSM gold-copper project 65 km northwest of Stewart. Including the overallotment, about 1.6 million flow-through shares were sold at...

Canadian Mining Journal Staff | April 7, 2015 | 4:36 pm

Lundin, Beaty bullish on Ecuador’s prospects

VANCOUVER — There are some savvy investors who are banking on a profitable shift in the Ecuadorian government’s approach to mineral exploration and development. The country has been high on the socio-political risk ladder over...

Canadian Mining Journal Staff | April 7, 2015 | 4:35 pm

URANIUM: Fission expands R780E zone, hits 14% U3O8 over 3.5 metres

SASKATCHEWAN – All 16 holes drilled this winter in the R780E zone intersected uranium mineralization, making that zone the largest in the Triple R deposit at the Patterson Lake South project, says owner Fission Uranium of Kelowna, BC.

Canadian Mining Journal Staff | April 6, 2015 | 4:24 pm

IRON ORE: Tata buys LIM’s share of Howse venture

LABRADOR – Montreal-based Tata Steel Minerals Canada has acquired the remaining 49% of the Howse joint venture. It bought out its partner, Labrador Iron Mines Holdings, for $5 million in cash. The buyout complied with the terms of the...

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

ALUMINA: Orbite completes $10M bought deal financing

QUEBEC – Orbite Aluminae of Montreal has completed the first part of a public offering in the amount of $10 million. The underwriter, Euro Pacific Canada, has an option to purchase $5 million worth of additional units. The net proceeds...

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

GOLD: Premier to buy Goldcorp’s 40% share of South Arturo

NEVADA – Premier Gold Mines of Thunder Bay, ON, is buying Goldcorp's 40% interest in the former South Arturo mine 35 km northwest of Elko, in the Carlin Trend. Barrick Gold holds the remaining 60%. South Arturo is 8 km northwest of...

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

Belo Sun improves economics at Volta Grande

Belo Sun Mining’s (TSX: BSX; US-OTC: VNNHF) Volta Grande gold project in Brazil’s Para State has garnered positive attention from analysts after a feasibility study cut the project’s costs, making it more attractive.

Canadian Mining Journal Staff | April 6, 2015 | 4:16 pm

COPPER-ZINC: Mag Copper seeks JV for Magusi bulk sample

QUEBEC – Mag Copper of Toronto has signed a non-binding letter of intent with J.S. Redpath of North Bay, ON, and AR2K Industries of Sudbury, ON, to form a joint venture to mine an underground bulk sample from the Magusi copper-zinc...

Canadian Mining Journal Staff | April 2, 2015 | 4:26 pm

GOLD: Pretium, Nisga’a Nation sign co-operation and benefits deal for Brucejack project

BRITISH COLUMBIA – Vancouver's Pretium Resources and the Nisga'a Nation have entered into a co-operation and benefits agreement that covers the company's Brucejack gold project 65 km north of Stewart.

Canadian Mining Journal Staff | April 2, 2015 | 4:24 pm

GOLD: Barrick faces lawsuit in U.S. over Pascua-Lama

MANHATTAN, New York – A U.S. district judge ruled on April 1, 2015, that shareholders of Toronto-based Barrick Gold may pursue a class action suit based on what shareholders allege was Barrick's deceit about environmental problems...

Canadian Mining Journal Staff | April 2, 2015 | 4:23 pm

MINING PEOPLE: INV Metals, Lundin Gold, Orvana, and Tantalex Resources

INV Metals of Toronto has informed its shareholders that CEO Robert Bell is taking a medical leave of absence. Candace MacGibbon has assumed his duties, as well as her own as president and CFO, while he is gone.

Canadian Mining Journal Staff | April 2, 2015 | 4:19 pm

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