Canadian Mining Journal Staff, Author at Canadian Mining Journal

Silver Wheaton circles the wagons against CRA challenge

VANCOUVER — The Canada Revenue Agency (CRA) has taken the first shot in what is likely to be a protracted legal battle with streaming company Silver Wheaton (TSX: SLW; NYSE: SLW), and the results could affect the company's...

Canadian Mining Journal Staff | July 14, 2015 | 1:15 pm

OIL SANDS: Teck pushes Frontier start-up to 2026

ALBERTA – Vancouver's Teck Resources may be most famous for its base metals and coal production, but for several years now the company has had its toe in the waters of the oil sands. It is a 20% partner in the Fort Hills project where...

Canadian Mining Journal Staff | July 13, 2015 | 1:19 pm

GOLD: Premier reports high grades underground at Rahill-Bonanza

ONTARIO – Thunder Bay, ON-based Premier Gold Mines says several high grade intercepts have been made during recent underground drilling at the Rahill-Bonanza joint venture. Red Lake Gold Mines is the operator and owns the balance of the...

Canadian Mining Journal Staff | July 13, 2015 | 1:16 pm

GOLD: Island mine racks up record near-15M oz in Q2

ONTARIO – Richmont Mines of Montreal says its Island gold mine near Wawa produced a record setting 14,997 oz of gold during Q2 2015. Average daily mill throughput was 787 t/d.

Canadian Mining Journal Staff | July 13, 2015 | 1:15 pm

GOLD: Mining temporarily suspended at Seabee operation

SASKATCHEWAN – Claude Resources of Saskatoon has been forced to temporarily suspend mining operations at its Seabee gold complex 125 km northeast of La Ronge due to the forest fires in the region. The suspension is due to the risk of high...

Canadian Mining Journal Staff | July 13, 2015 | 1:14 pm

Canarc to acquire fully permitted project in Mexico

… Canarc Resource has announced that it plans to purchase 100% of Oro Silver Resources, which owns the fully permitted El Compas gold-silver property in Mexico’s Zacatecas state. Oro Silver Resources is wholly owned by Marlin...

Canadian Mining Journal Staff | July 13, 2015 | 1:12 pm

GOLD-COPPER: Imperial to restart Mount Polley at 50% of capacity

BRITISH COLUMBIA – The BC Ministry of Energy and Mines and the BC Ministry of Environment have issued permit amendments that will allow Vancouver's Imperial Metals Corp. to restart operations at its Mount Polley gold-copper mine 100 km...

Canadian Mining Journal Staff | July 9, 2015 | 1:20 pm

NICKEL: Royal Nickel closes $12M financing

QUEBEC – Royal Nickel Corp. of Toronto has completed a $12.6-million deal with Orion Mine Finance. The finance company will invest the funds in return for a 0.75% net smelter return royalty on the Dumont nickel project and 10 million...

Canadian Mining Journal Staff | July 9, 2015 | 1:18 pm

COPPER-ZINC: Yorbeau drills new sulphide lens at Scott Lake

QUEBEC – Yorbeau Resources of Montreal says the third hole in a gap zone, a 67-metre step-out from the discovery hole, at Scott Lake confirms the discovery of a new massive sulphide lens outside the current resource. The find is on a new...

Canadian Mining Journal Staff | July 9, 2015 | 1:17 pm

NICKEL: First Nickel lays off 26 Lockerby miners

ONTARIO – The first layoffs – 26 of them last week – have begun at the Lockerby nickel-copper mine 30 km west of Sudbury. The owner, First Nickel of Toronto, announced last month that lower metal prices were forcing it to...

Canadian Mining Journal Staff | July 9, 2015 | 1:04 pm

MINING PEOPLE: Discovery Ventures, Hatch, Noront, Pangolin, and True Gold

Vancouver-based Discovery Ventures has asked Dan Omeniuk to be its CEO, chairman and a director of the company. He is the founder of Trappers Transport, developing it into an industry leader over the last 30 years.

Canadian Mining Journal Staff | July 9, 2015 | 1:02 pm

Editorial: China stock market crash hits commodities

While the year long bubble in the Chinese stock market didn’t translate into higher commodity prices, the spectacular bursting of the bubble over the past month has slammed a wide swath of commodities – including iron ore, copper,...

Canadian Mining Journal Staff | July 9, 2015 | 1:01 pm

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