Canadian Mining Journal Staff

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

WORK WEAR: Covergalls success featured on Dragons Den April 8

SUDBURY, Ontario – Covergalls Inc. will be featured on an upcoming episode of Dragons’ Den, airing Wednesday, April 8, 2015, at 8 p.m. (8:30 p.m. in Newfoundland) on CBC Television. As you may or may not know, Covergalls was...

Canadian Mining Journal Staff | April 2, 2015 | 4:16 pm

COPPER: Taseko’s Gibraltar mine wins John Ash Safety Award

BRITISH COLUMBIA – Taseko Mines of Vancouver is proud of the safety record at its Gibraltar copper-molybdenum mine.  Proud, too, that the mine 65 km north of Williams Lake is the recipient of the 2014 John Ash Safety Award given the...

Canadian Mining Journal Staff | April 1, 2015 | 4:07 pm

CORPORATE SOCIAL RESPONSIBILITY: TMAC, Inuit sign land deal

NUNAVUT – Toronto's TMAC Resources have signed a 20-year land tenure and benefits agreement with the Kitikmeot Inuit Association (KIA) and Nunavut Tunngavik Inc. (NTI). The deal includes surface and sub-surface titles within Inuit owned...

Canadian Mining Journal Staff | April 1, 2015 | 4:06 pm

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