Canadian Mining Journal Staff

Commentary: Quebec gov’t to stabilize legislative framework for mining

Quebec’s position as the most attractive jurisdiction for mining exploration took quite a tumble in last year’s Fraser Institute survey, falling to twenty-first place. The political uncertainty in the past few years which has...

Canadian Mining Journal Staff | February 24, 2015 | 4:18 pm

OIL SANDS: Shell Canada withdraws application for Pierre River

ALBERTA – The shrinking oil price is taking its inevitable toll on oil sands projects. The latest casualty is Shell Canada's Pierre River project. Shell announced on Feb. 23 that is withdrawing the regulatory application for the mine.

Canadian Mining Journal Staff | February 23, 2015 | 4:03 pm

COPPER: Year end revenue up for Hudbay Minerals

TORONTO – Hudbay Minerals has posted its 2014 year end numbers, recording revenue of $559.96 million, compared to $516.80 million in 2013. Positive results for 2014 profit ($71.87 million) and operating cash flow ($15.35 million) added to...

Canadian Mining Journal Staff | February 23, 2015 | 4:02 pm

GOLD: Kirkland Lake Gold drills 180 g/t from previously untested part of Macassa mine

ONTARIO – Where better to find gold than in a gold mine? Kirkland Lake Gold did just that when it recently drilled 180.34 g/t Au over a true width of 0.7 metres in a large, unexplored area of the Macassa gold mine at Kirkland Lake. The...

Canadian Mining Journal Staff | February 23, 2015 | 4:00 pm

GOLD: Agnico, Orex to create JV on Barsele project

SWEDEN – Agnico Eagle Mines of Toronto and Orex Minerals of Vancouver intend to create a joint venture for development of Orex's Barsele gold project 600 km north of Stockholm.

Canadian Mining Journal Staff | February 23, 2015 | 3:58 pm

Updated PEA downsizes Wellgreen PGM project

Wellgreen Platinum (TSX: WG) has delivered an updated preliminary economic assessment (PEA) for its Wellgreen platinum group metals and nickel deposit, in the southern Yukon, that cuts capital costs and the project’s mine life while...

Canadian Mining Journal Staff | February 23, 2015 | 3:57 pm

GOLD: Barrick weighed down by $2.9B losses

TORONTO – Barrick Gold produced 6.25 million oz of gold in 2014, not a record, but at an all-in sustaining cost of US$864 per oz, it might have netted the company a healthy balance sheet. Instead, the world's largest gold producer lost a...

Canadian Mining Journal Staff | February 19, 2015 | 3:58 pm

GOLD: Record 2.87 million oz produced by Goldcorp in 2014

VANCOUVER – Last year Goldcorp sold 2.67 million oz of gold on record production of 2.87 million oz at all-in sustaining costs of US$949 per oz. That combination gave the company US$4.5 billion in adjusted revenues and US$498 million in...

Canadian Mining Journal Staff | February 19, 2015 | 3:56 pm

PALLADIUM: NAP logs upbeat 2014

TORONTO – North American Palladium produced 174,194 oz of palladium in 2014, a 29% jump from the previous year. The production increase was due to the completion of the ramp up and transition period at the Lac des Iles mine in northern...

Canadian Mining Journal Staff | February 19, 2015 | 3:55 pm

GOLD: Revenues up, costs down for Richmont Mines

MONTREAL – Richmont Mines has amassed 2014 gold sales of 94,503 oz, a 49% jump from the year before. Cash costs were US$866 per oz, 15% below 2013 levels.

Canadian Mining Journal Staff | February 19, 2015 | 3:52 pm

MINING PEOPLE: Antioquia Gold, Corsa Coal, Falco Resources, and Search Minerals

Antioquia Gold of Calgary has a new president and CEO, Julian Villarruel. He lives in Colombia and is a mining and metallurgical engineer, lawyer and international economics specialist. He replaces Fernando Jaramillo who has stepped down. The...

Canadian Mining Journal Staff | February 19, 2015 | 3:48 pm

Sandstorm pays $5.7M for Gold Royalties in all-share deal

VANCOUVER – Streaming and royalty outfit Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) has been on a bit of a deal making tear to start the year. The company managed to lock down 10 new royalty agreements in West Africa and Nevada,...

Canadian Mining Journal Staff | February 19, 2015 | 3:46 pm

EXPLORATION: Balanced BC budget preserves flow-through credit

VICTORIA, British Columbia – The government of British Columbia brought down a balanced 2015-16 budget, one that preserves the flow-through tax credit for explorers and increases funding for the Mines and Mineral Resources Division of...

Canadian Mining Journal Staff | February 18, 2015 | 4:15 pm

COPPER: Red Chris produces first copper concentrate

BRITISH COLUMBIA – The Red Chris copper-gold mine 80 km south of Dease Lake has made its first copper concentrate, reported owner Imperial Metals of Vancouver. Both the semi-autogenous and ball mill drive systems have been operated at...

Canadian Mining Journal Staff | February 18, 2015 | 4:14 pm

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