Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD: Update on Goldcorp, Probe deal

TORONTO – Agnico Eagle Mines has agreed to sell its 7.32 million common shares and 2.35 million share purchase warrants of Probe Mines to Goldcorp under terms of the latter's takeover offer. Agnico's shares, had it exercised its warrants,...

Canadian Mining Journal Staff | January 21, 2015 | 4:15 pm

SCISSOR LIFT: Versatile MineLift 4 platform reaches 4 metres

GERMANY – With more than 30 years of design and production of shotcreting equipment, Putzmeister has recently developed the MineLift 4 scissor lift platform. With a lifting height of 4 meters and 4 tonne capacity, the equipment provides a...

Canadian Mining Journal Staff | January 21, 2015 | 4:13 pm

Imperial Metals raises $50M

Imperial Metals (TSX: III; US-OTC: IPMLF) may still be nursing a black eye from the August tailings dam failure at its Mount Polley mine, but the Vancouver-based company says it’s pleased with its clean-up efforts so far, and that it...

Canadian Mining Journal Staff | January 21, 2015 | 4:07 pm

LAWSUIT: Taseko files defamation suit against environmental group

VANCOUVER – Taseko Mines has filed a defamation claim in the British Columbia Supreme Court alleging that the Wilderness Committee made defamatory claims about the company's New Prosperity gold-copper project during the 2012 public...

Canadian Mining Journal Staff | January 20, 2015 | 3:29 pm

DIAMONDS: Diavik output to fall 7.5% in 2015

NORTHWEST TERRITORIES – The Diavik diamond mine near Lac des Gras produced 7.24 million ct of diamonds during calendar year 2014, but according to information provided by Dominion Diamond Corp. output is to fall 7.5% this year to 6.70...

Canadian Mining Journal Staff | January 20, 2015 | 3:27 pm

SILVER: Alexco drills 1,483 g/t at Keno Hill

YUKON – Vancouver's Alexco Resource Corp. reports that drilling in the vicinity of the Flame & Moth deposit in the Keno Hill silver district has returned a best assay of 1,483 g/t Ag over 6.2 metres true width. The result was among...

Canadian Mining Journal Staff | January 20, 2015 | 3:26 pm

GOLD: Kaminak’s Double Double deposit yields long and strong results

YUKON – Kaminak Gold of Vancouver continues to drill at its Coffee project 130 km south of Dawson City, where the Double Double deposit is yielding not caffeine but solid gold grades. Highlights include 37.6 g/t over 5.0 metres, 32.8 g/t...

Canadian Mining Journal Staff | January 20, 2015 | 3:24 pm

TRANSMITTER: Festo offers cheaper alternative to positional transducers

MISSISSAUGA, Ontario – Festo Canada has introduced new programmable analog feedback position sensors – the SDAT-MHS series – for pairing with any Festo T-slot pneumatic drive. The easy to install and program SDAT-MHS...

Canadian Mining Journal Staff | January 20, 2015 | 3:19 pm

Aura Minerals suspends mining at Aranzazu

Aura Minerals (TSX: ORX) has become the latest casualty of slumping commodity prices, unresponsive financing markets and fixed costs, announcing this week it is suspending mining operations temporarily at its Aranzazu copper-gold-silver...

Canadian Mining Journal Staff | January 20, 2015 | 3:18 pm

NIOBIUM: IamGold unloads Niobec mine to former Barrick boss

QUEBEC – IamGold Corp. has sold its Niobec niobium mine near Saguenay for a total consideration of US$530 million to a consortium lead by former Barrick president and CEO Aaron Regent. This is the first acquisition made by Regent's...

Canadian Mining Journal Staff | January 19, 2015 | 4:21 pm

GOLD: Goldcorp expands Porcupine holdings with purchase of Probe

ONTARIO - Vancouver's Goldcorp is expanding its Porcupine gold operations near Timmins with the purchase of Probe Mines of Toronto. The all-share deal is estimated to be worth $526 million.

Canadian Mining Journal Staff | January 19, 2015 | 4:17 pm

COPPER-ZINC-GOLD-SILVER: Hudbay tallies year end output, offers 2015 guidance

TORONTO – Hudbay Minerals' 2014 production numbers benefited slightly from the start up of the Constancia project in Peru. Although the new mine contributed only 571 tonnes of copper in concentrate before year end, the company recorded...

Canadian Mining Journal Staff | January 19, 2015 | 4:15 pm

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