Canadian Mining Journal Staff

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

Commentary: It’s time to embrace Indigenous land stewardship

Plunging oil prices have cast a gloom over the Canadian economy and added uncertainly to pipeline battles and how to best work with Canada’s indigenous peoples on resource extraction projects of all kinds.

Canadian Mining Journal Staff | January 14, 2015 | 4:03 pm

GOLD: Goldcorp ounces up, costs down at year end

VANCOUVER – For 2014, Goldcorp reports that gold production is up 11% and costs have dropped 6%. Record quarterly production during Q4 was 886,000 oz, as a total of 2.87 million oz were produced last year. All in sustaining costs averaged...

Canadian Mining Journal Staff | January 13, 2015 | 4:30 pm

GOLD: Rainy River project gets environmental nod

ONTARIO – The Rainy River gold project belonging to New Gold of Vancouver has received the environmental okay from Environment Canada. Mitigation measures and follow-up programs are stipulated for the high grade project 80 km from Kenora.

Canadian Mining Journal Staff | January 13, 2015 | 4:28 pm

GOLD: Kaminak reports infill results from Coffee Latte deposit

YUKON – Vancouver's Kaminak Gold Corp. has received the most recent assays from the Latte deposit at its Coffee project 130 km south of Dawson City. The results are important because the Latte deposit will contribute about 21% of the...

Canadian Mining Journal Staff | January 13, 2015 | 4:27 pm

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