Canadian Mining Journal Staff, Author at Canadian Mining Journal

Thompson Creek ‘temporarily’ shutters Endako mine in BC

VANCOUVER — Rough commodity markets are forcing miners to make tough decisions, and Colorado-based Thompson Creek Metals (TSX: TCM; NYSE: TC) is the most recent operator driven to place a struggling asset on temporary care and...

Canadian Mining Journal Staff | December 15, 2014 | 3:38 pm

URANIUM: Strateco seeks $190M from Quebec for Matoush loss

QUEBEC – Strateco Resources of Boucherville, QC, has filed a claim seeking $189.99 million from the Quebec government for the loss of its investment in the Matoush uranium project in the Otish Mountains. Strateco began exploring the...

Canadian Mining Journal Staff | December 11, 2014 | 4:12 pm

BASE METALS: Bathurst area yields good results for Stratabound

NEW BRUNSWICK – Stratabound Minerals of Calgary is encouraged by results of its 2014 exploration program at its several projects in the Bathurst area. Drilling, trenching, geophysics and geochemical studies have all been conducted.

Canadian Mining Journal Staff | December 11, 2014 | 4:11 pm

COPPER: Taseko hedges bets

VANCOUVER – Taseko Mines has taken measures to protect itself from a dropping copper price through the middle of next year. For the first quarter, the company has put options in place to guarantee a floor price for 30 million lb at a...

Canadian Mining Journal Staff | December 11, 2014 | 4:10 pm

GOLD: Skeena drills 10+ g/t at Spectrum

BRITISH COLUMBIA – Vancouver-based Skeena Resources has received assays from the first five of nine holes it drilled at the Spectrum gold project 40 km west of Imperial's Red Chris mine. The company said the results are similar to those...

Canadian Mining Journal Staff | December 11, 2014 | 4:09 pm

MINING PEOPLE: Dundee Sustainable and Ryan Gold

Dundee Sustainable Technologies of Montreal has named Mark Goodman its chairman, Pierre Gauthier its vice-chair and director of strategic development, as well as John W. Mercer its president and CEO. Mercer was named the Ernst & Young 2006...

Canadian Mining Journal Staff | December 11, 2014 | 4:06 pm

Cash preservation is the name of the game at Alderon

With iron ore prices off 49% year-on-year at US$71 per tonne, Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) says it has no choice but to start a "comprehensive" cash preservation program.

Canadian Mining Journal Staff | December 11, 2014 | 4:05 pm

GOLD: Yamana spins out Brazilian assets into Brio Gold

TORONTO – Yamana Gold is is spinning out some of its non-core assets in Brazil, specifically the Fazenda Brasileiro and Pilar mines, and the C1 Santa Luz project. A new subsidiary, Brio Gold Inc., will be formed to hold three of these...

Canadian Mining Journal Staff | December 10, 2014 | 3:47 pm

OUTREACH: PDAC seeks participation of students

TORONTO – As part of its commitment to attracting and supporting students in the mineral exploration and development industry, the Prospectors and Developers Association of Canada is hosting a number of student events at its convention...

Canadian Mining Journal Staff | December 10, 2014 | 3:45 pm

PLATINUM: Platinum Group raises $110M for WBJV

SOUTH AFRICA – Platinum Group Metals of Vancouver has raised US$110 million with which to advance its Western Bushveld joint venture (WBJV) platinum development. The money was raised by way of a bought deal financing agreement with a...

Canadian Mining Journal Staff | December 10, 2014 | 3:43 pm

AWARDS: PDAC unveils list of 2015 winners

TORONTO - The Prospectors & Developers Association of Canada is set to honour six industry leaders at the PDAC 2015 Convention in Toronto. The annual PDAC awards showcase the achievements of companies, individuals and groups in the mineral...

Canadian Mining Journal Staff | December 10, 2014 | 3:42 pm

WATERPROOFING: Cabo Drilling acquires WorldWide EnviroChem

NEW WESTMINSTER, British Columbia - Cabo Drilling Corp. has entered into an agreement to acquire 100% of WorldWide EnviroChem Corp. (WWEC) for total consideration of $870,000. Cabo will assume an existing debt owing in the amount of $125,000...

Canadian Mining Journal Staff | December 10, 2014 | 3:41 pm

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