Canadian Mining Journal Staff, Author at Canadian Mining Journal

New Armenian legislation helps Lydian’s bottom line

Lydian International (TSX: LYD) says new mine ramp gradients will allow it to save up to $100 million in operating costs, and trim total cash costs to US$600 per oz from US$642 per oz at its Amulsar gold project in southern Armenia.

Canadian Mining Journal Staff | April 15, 2015 | 4:35 pm

GOLD: Rubicon begins mill commissioning

ONTARIO – Toronto's Rubicon Minerals Corp. has begun commissioning the 1,250-t/d mill at its Phoenix gold project in the Red Lake camp. This milestone was reached ahead of schedule, and the project remains on track for initial production...

Canadian Mining Journal Staff | April 14, 2015 | 4:19 pm

VANADIUM: Maiden inferred resource for Lac Dore deposit

QUEBEC – VanadiumCorp Resource of Vancouver has released the first 43-101-compliant inferred resource for its Lac Dore vanadium project 70 km southeast of Chibougamau.

Canadian Mining Journal Staff | April 14, 2015 | 4:15 pm

GOLD: WPC releases new estimate for Ulu

NUNAVUT – WPC Resources of Vancouver has completed a new resource estimate for the Ulu gold property 155 km north of the former Lupin mine. Specifically, the Flood zone has a measured and indicated resource of 2.50 million tonnes at 7.53...

Canadian Mining Journal Staff | April 14, 2015 | 4:12 pm

Alamos, AuRico unveil US$1.5-billion ‘merger of equals’

VANCOUVER — Alamos Gold (TSX: AGI; NYSE: AGI) and AuRico Gold (TSX: AUG; NYSE: AUQ) have apparently been in an on-again, off-again courtship for a couple of years, but on April 13 the companies tied the knot amidst a...

Canadian Mining Journal Staff | April 14, 2015 | 4:11 pm

GOLD: Kirkland Lake updates reserve ounces and grade

ONTARIO – Kirkland Lake Gold has been working hard to expand the resources and reserves at its mines in the town of the same name, and the effort is paying off handsomely.

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

COPPER-PGM: Northern Sun suspends milling in Timmins

ONTARIO – Northern Sun Mining of Toronto has temporarily suspended operations at its Redstone mill near Timmins. The shutdown, necessitated by the lack of ore deliveries and low inventory, is expected to last four to eight weeks.

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

NIOBIUM: NioCorp likes the look of Elk Creek

NEBRASKA – Vancouver-based NioCorp Developments has completed a positive preliminary economic assessment of its Elk Creek niobium project near Lincoln. It anticipates building a 3,700-t/d operation with a 36-year life that will produce...

Canadian Mining Journal Staff | April 13, 2015 | 4:24 pm

Newmont green lights Long Canyon gold mine

VANCOUVER — U.S.-based Newmont Mining (NYSE: NEM) appears poised to open up a new gold district at its Long Canyon project along the eastern flank of the Pequop Mountains in northeastern Nevada. The Bureau of Land...

Canadian Mining Journal Staff | April 13, 2015 | 4:22 pm

GOLD: Rubicon closes $30.2M flow-through offering

ONTARIO – Rubicon Minerals Corp. of Toronto has closed a previously announced financing with the issuance of 23.6 million flow-through shares at a price of $1.28 per share. Gross proceeds total more than $30.2 million.

Canadian Mining Journal Staff | April 9, 2015 | 4:11 pm

GOLD: Metanor cuts 15 metres of 6.14 g/t at Bachelor mine

QUEBEC – Metanor Resources of Val d'Or is pleased with the larger intersections in two holes than reported at the end of March. At the Bachelor gold mine, hole 13-154 averaged 4.25 g/t Au over 7.8 metres, and hole 13-160 averaged 6.14 g/t...

Canadian Mining Journal Staff | April 9, 2015 | 4:10 pm

GOLD: Alacer green lights Copler sulphide expansion

TURKEY – The board of Alacer Gold in Toronto has given approval to move forward on the Copler sulphide expansion project in the eastern part of this country. The next undertaking is to advance detailed engineering and procurement of long...

Canadian Mining Journal Staff | April 9, 2015 | 4:09 pm

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