Canadian Mining Journal Staff

Sherritt moves to protect liquidity

Sherritt International's (TSX: S) president and CEO David Pathe did not mince words when he said the firm must take action to protect its balance sheet in order to withstand lower commodity prices at a time when “more than 60% of global...

Canadian Mining Journal Staff | September 22, 2015 | 4:16 pm

GOLD: Detour Gold pours one millionth oz at Detour Lake

ONTARIO – Detour Gold Corp. of Toronto has poured its one millionth ounce of gold at the Detour Lake mine 185 m northeast of Cochrane. The first gold bar was poured less than three years ago, on Feb. 18, 2013, at the $1.45-billion project.

Canadian Mining Journal Staff | September 21, 2015 | 4:23 pm

OIL SANDS: Total E&P sells part of Fort Hills interest to Suncor

ALBERTA – Total E&P, an arm of the French petroleum producer, has agreed to sell a 10% working interest in the Fort Hills oil sands project to Suncor Energy of Calgary for a reported $310 million. The $15-billion project 90 km north...

Canadian Mining Journal Staff | September 21, 2015 | 4:22 pm

GOLD: Copper sidelined as Barrick refocuses on gold

TORONTO – Barrick Gold will fold its copper division and refocus on gold production following the sale of half of its interest in the Zaldavar copper mine Chile and the write down at its Lumwana copper mine in Zambia.

Canadian Mining Journal Staff | September 21, 2015 | 4:20 pm

URANIUM: High grades expand mineralization for Fission at PLS

SASKATCHEWAN – Once again Fission Uranium of Kelowna, BC, is reporting high grades assays from drilling at its Patterson Lake South uranium project on the southwest rim of the Athabasca basin. The results underscore the growth of the...

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

Latin American miners unhappy with costs, survey says

Latin American miners gave low grades to equipment manufacturers in a recent survey by data and intelligence firm Timetric.

Canadian Mining Journal Staff | September 21, 2015 | 4:18 pm

LEAD-ZINC: Canadian Zinc ups resource tonnage at Prairie Creek

NORTHWEST TERRITORIES - Vancouver-based Canadian Zinc Corp. has increased the resource tonnages by 32% at its Prairie Creek lead-zinc-silver mine 200 km west of Fort Simpson.

Canadian Mining Journal Staff | September 17, 2015 | 3:54 pm

SAFETY: Western Australia launches code for autonomous mining systems

WESTERN AUSTRALIA – Earlier this week Western Australia mining minister Bill Marmion approved the world’s first safety code of practice for autonomous mining systems.

Canadian Mining Journal Staff | September 17, 2015 | 3:53 pm

MINING PEOPLE: GeoMegA, Geoscience BC, and SNC-Lavalin

GeoMegA Resources of Montreal has appointed Kiril Mugerman its new president and CEO. He holds an honours degree in earth and planetary sciences from McGill University, bringing both technical and financial experience to the post. Interim CEO...

Canadian Mining Journal Staff | September 17, 2015 | 3:52 pm

LUBRICATION: Single point automated option

Mississauga, ON – Beka-Lube Products, a leader in aftermarket automated lubrication systems, introduced a single point lubricator, BekaONE, this year.

Canadian Mining Journal Staff | September 17, 2015 | 3:51 pm

Premier’s Downie bullish on Hasaga in Red Lake

VANCOUVER — Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is taking a new approach to exploration at its past-producing Hasaga gold property in the prolific Red Lake mining district of northwestern Ontario, and Ewan Downie, president and...

Canadian Mining Journal Staff | September 17, 2015 | 3:50 pm

GOLD: Pretium secures $540M for Brucejack development

BRITISH COLUMBIA – Pretium Resources of Vancouver has secured a US$540-million construction finance package for the Brucejack gold development 65 km north of Stewart. Orion Mine Finance and Blackstone Tactical Opportunities will make...

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

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