Canadian Mining Journal Staff

COMMENT: Taking a sharp knife to gold miners

Cut, cut, cut. As market factors cut the price of gold, so miners are struggling to cut the cost of producing it, shaving away with staff cuts, asset sales, operating costs, and closure.

Canadian Mining Journal Staff | November 11, 2014 | 4:04 pm

IRON ORE: Labec Century named Newfoundland explorer of year for Joyce Lake

LABRADOR – Labec Century Iron Ore, a joint venture of Toronto-based Century Iron Mines (60%) and China's WISCO (40%), has won the 2014 Explorer of the Year Award presented by the CIM Newfoundland Branch at its annual awards banquet last...

Canadian Mining Journal Staff | November 11, 2014 | 4:02 pm

GOLD: AuRico buys into Lynn Lake camp

MANITOBA – AuRico Gold of Toronto has subscribed for 70.6 million common shares of Carlisle Goldfields at a price of $0.08 per share for a total consideration of about $5.6 million. AuRico now holds a 19.9% equity interest in Carlisle and...

Canadian Mining Journal Staff | November 11, 2014 | 4:00 pm

NICKEL-COPPER: Nickel North cuts 2.1% Ni, 2.7% Cu and 0.6 g/t PGM at Hawk Ridge

QUEBEC – Vancouver's Nickel North Exploration is pleased with the initial diamond drilling results from the Hawk Ridge property in the Ungava Bay area.

Canadian Mining Journal Staff | November 11, 2014 | 3:51 pm

Canadian Zinc fine-tunes its plan at Prairie Creek

VANCOUVER — It’s a tough market for juniors with development stage assets, and that’s especially true for Canadian Zinc (TSX: CZN; US-OTC: CZICF) and its Prairie Creek polymetallic project, 500 km west of Yellowknife in...

Canadian Mining Journal Staff | November 11, 2014 | 3:50 pm

MERGER: New Gold solidifies Rainy River with Bayfield offer

ONTARIO – Toronto's New Gold is consolidating its land position at the Rainy River gold project by making an offer to acquire Bayfield Ventures of Vancouver. Bayfield's assets include three properties adjacent to New Gold's project 160 km...

Canadian Mining Journal Staff | November 10, 2014 | 4:04 pm

GOLD: Maudore to shutdown Sleeping Giant mine and mill

QUEBEC – Maudore Minerals of Val d'Or, QC, and its operating subsidiary Aurbec Mines have decided to shut down the Sleeping Giant mine and mill 75 km north of Amos. The property will be placed on care and maintenance by the end of this...

Canadian Mining Journal Staff | November 10, 2014 | 4:02 pm

DIAMONDS: Dominion posts Ekati bond, files Jay plans

NORTHWEST TERRITORIES – Dominion Diamond Corp. of Toronto has posted surety bonds in the amount of approximately $253.5 million to reclaim the Ekati mine site at Lac de Gras as required by the terms of the Ekati water licence. The bonds...

Canadian Mining Journal Staff | November 10, 2014 | 4:00 pm

LITHIUM: Nemaska, Crees sign Whabouchi mine agreement

QUEBEC – Nemaska Lithium of Quebec city and the Grand Council of the Crees, the Cree Nation Government, and the Cree Nation of Nemaska have signed a social economic partnership agreement covering the development and operation of the...

Canadian Mining Journal Staff | November 10, 2014 | 3:58 pm

SURVEYING: Barrick’s drone hard at work

From Barrick Gold's latest issue of Beyond Borders:

Canadian Mining Journal Staff | November 10, 2014 | 3:55 pm

Uranium stocks jump on Japanese nuclear restart news

With local politicians giving their blessing today, the long awaited restart of Japan’s nuclear reactors is set to begin in 2015 with two reactors at the Sendai nuclear plant.

Canadian Mining Journal Staff | November 10, 2014 | 3:54 pm

NICKEL: Sherritt wins sustainable business award for Ambatovy project

MADAGASCAR – Sherritt International Corp. of Toronto has won the Nedbank Capital Sustainable Business Award in the resources and non-renewable energy category for its biodiversity program at the Ambatovy nickel joint venture. The company...

Canadian Mining Journal Staff | November 6, 2014 | 4:10 pm

GOLD: Anaconda drills 18.6 g/t at Stog’er Tight

NEWFOUNDLAND – Toronto's Anaconda Mining has drilled 18.60 g/t Au over 3.5 metres and 4.94 g/t Au over 10.5 metres during infill drilling at its Stog'er-Tight project just 3 km east of the Pine Cove mill. The 2014 Stog'er Tight program...

Canadian Mining Journal Staff | November 6, 2014 | 4:07 pm

GOLD: Fortress raises $230M for Fruta del Norte

ECUADOR – Fortress Minerals Corp. of Vancouver has raised $230 million through private placements with which to finance the purchase and development of the Fruta del Norte gold project. The placements have an overallotment of another $20...

Canadian Mining Journal Staff | November 6, 2014 | 4:05 pm

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