Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD: TMAC makes $44M equity offering to advance Hope Bay

NUNAVUT – TMAC Resources of Toronto is raising money to advance development of its Hope Bay gold project 65 km east of Bathurst Inlet. The company has completed a private placement of 23.44 million common shares at a price of $1.75 plus...

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

DRILLING: MacLean, Montabert forge partnership

COLLINGWOOD, Ontario – MacLean Engineering and Montabert have established a partnership that will optimize MacLean’s drilling product line and provide customers with improved access to parts, drill repairs and sales support...

Canadian Mining Journal Staff | January 19, 2015 | 4:12 pm

Sabina pushes permitting forward at Back River

Sabina Gold & Silver (TSX: SBB) expects to submit a final environmental impact assessment on its Back River gold project in southwestern Nunavut by the middle of this year.

Canadian Mining Journal Staff | January 19, 2015 | 4:10 pm

COMMENT: Is BC becoming mining friendly?

Two recent news releases point toward removing roadblocks from the Prosperity and Tulsequah Chief projects. With two rulings by the BC Minister of Environment, the province appears to move closer to being a mining friendly place to find a...

Canadian Mining Journal Staff | January 15, 2015 | 4:07 pm

GOLD: Detour Lake looks toward 500K oz in 2015

ONTARIO - The Detour Lake gold mine is hitting its stride in its first full year of production. Owner Detour Gold of Toronto said the northern Ontario project produced 456,634 oz of gold during 2014. As last year wound down, the mill was...

Canadian Mining Journal Staff | January 15, 2015 | 4:06 pm

GOLD: Richmont plans $48.3M capex for Island Gold mine

ONTARIO – This is going to be a transformational one for the Island Gold mine near Wawa, if Richmont Mines president and CEO Renaud Adams has his way. He expects to see the mine life extended, the resource reach more than a million...

Canadian Mining Journal Staff | January 15, 2015 | 4:05 pm

MINING PEOPLE: Denison, Goldcorp, Lundin Gold, and Sulliden

Denison Mines of Toronto has promoted former VP finance and David Cates to the position of President. He will retain his duties as CFO. Ron Hochstein remains CEO of the company.

Canadian Mining Journal Staff | January 15, 2015 | 4:03 pm

Integra’s Sigma purchase a game changer at Lamaque

VANCOUVER — According to president and CEO Stephen de Jong the recent acquisition of the Sigma mine and mill complex for $7 million offers Integra Gold (TSXV: ICG; US-OTC: ICGQF) a "better defined pathway to development and...

Canadian Mining Journal Staff | January 15, 2015 | 4:01 pm

OIL SANDS: Suncor to cut 1,000 jobs as it reins in spending

CALGARY – Suncor Energy, following the lead of other oil and gas producers, has announced plans to cut spending as oil prices plummet. The cuts to the 2015 budget include $1 billion in capital spending, $600 million to $800 million in...

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

LEGAL: The need to defend Canadian mineral tenure from foreign court orders

ONTARIO – Our readers are certainly familiar with the old song lyric, "My ex got the gold and I got the shaft," or thereabouts. Divorce can be complicated, and as Norton Rose Fulbright pointed out in a recent bulletin it can lead to...

Canadian Mining Journal Staff | January 14, 2015 | 4:10 pm

URANIUM: Cameco puts 2015 Cigar Lake output at 6-8M lb

SASKATCHEWAN – Cameco Corp. has begun milling high grade ore from Cigar Lake at the nearby McClean Lake mill operated by Areva Resources Canada. Cameco said that in 2014 the new mine provided ore that was milled to produce 340,000 lb of...

Canadian Mining Journal Staff | January 14, 2015 | 4:09 pm

MINING PEOPLE: PDAC, Astur Gold, Lundin Gold, Orex, and Williams Creek

Toronto-based Prospectors & Developers Association of Canada has named Andrew Cheatle its new executive director, effective Feb. 2. He is charged with maintaining the PDAC's strategic focus on access to capital, access to land and...

Canadian Mining Journal Staff | January 14, 2015 | 4:04 pm

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