Canadian Mining Journal Staff, Author at Canadian Mining Journal

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

GOLD: Yamana arranges $260M+ equity financing

TORONTO – Yamana Gold has entered into an agreement to issue 29.1 million common shares at a price of $5.30 each to a syndicate of underwriters lead by Canaccord Genuity and National Bank Financial Markets. Proceeds will be $260.23...

Canadian Mining Journal Staff | January 13, 2015 | 4:26 pm

CRUSHERS: Sandvik launches mid-range mining series

AMSTERDAM – Sandvik Mining has expanded its CH800 series of mining cone crushers, launching two technologically advanced models that improve productivity and profitability in the mid-range segment.

Canadian Mining Journal Staff | January 13, 2015 | 4:25 pm

Petaquilla could lose Molejon mine

Vancouver-based Petaquilla Minerals (TSX: PTQ; OTCBB: PTQMF), operator of the Molejon open pit gold mine in Panama, is facing scrutiny from Canadian and Panamanian regulators, leading to a possible cancellation of its mining...

Canadian Mining Journal Staff | January 13, 2015 | 4:24 pm

URANIUM: Fission says PLS maiden resource tops 100M lb

SASKATCHEWAN – Fission Uranium Corp. of Kelowna, BC, has made the eagerly awaited maiden resource estimate for its Patterson Lake South uranium project in the Athabasca Basin. The deposit contains more than 100 million lb of U3O8 –...

Canadian Mining Journal Staff | January 12, 2015 | 4:04 pm

NICKEL-COPPER: First nickel reduces costs at Lockerby mine

ONTARIO – Toronto-based First Nickel is restructuring the Lockerby nickel-copper mine near Sudbury in an effort to reduce costs, increase exploration and extend the life of the project.

Canadian Mining Journal Staff | January 12, 2015 | 3:50 pm

GOLD: Coastal Gold updates high grade estimate at Hope Brook

NEWFOUNDLAND – Coastal Gold Corp. of Toronto has updated the high grade underground resource at the Hope Brook gold project near Port aux Basques. The former producer is believed to contain 5.5 million indicated tonnes at 4.77 g/t Au...

Canadian Mining Journal Staff | January 12, 2015 | 3:49 pm

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