Canadian Mining Journal Staff

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

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

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