Canadian Mining Journal Staff

GOLD: Pretium closes $60M share offering

VANCOUVER – Pretium Resources has closed a primary and secondary common share offering that grossed slightly more than US$60 million. Pretium sold 8.28 million common shares at US$7.25 per share for gross proceeds of US $49.5 million and...

Canadian Mining Journal Staff | July 29, 2014 | 4:03 pm

IRON ORE: Glencore signs off-take for Kami concentrate

LABRADOR – Alderon Iron Ore Corp. of Vancouver, 75% owner of the Kami iron ore development near Wabush, says that Glencore has signed an off-take agreement for Kami output. When production begins in 2015, Glencore will buy 40% of the...

Canadian Mining Journal Staff | July 29, 2014 | 4:01 pm

‘Fourteen holes, fourteen hits’ for Fission at PLS

VANCOUVER – Fission Uranium (TSXV: FCU) hit mineralization in every one of the first 14 holes of its summer drill program at Patterson Lake South (PLS), continuing a drilling success story that has delineated shallow, high grade uranium...

Canadian Mining Journal Staff | July 29, 2014 | 4:00 pm

DIAMONDS: Mountain Province arranges US$370M term loan for Gahcho Ku

NORTHWEST TERRITORIES – Toronto-based Mountain Province Diamonds has arranged a senior secured term loan facility of up to US$370M for fund its share of construction at the Gahcho Kué diamond mine 300 km northeast of Yellowknife....

Canadian Mining Journal Staff | July 28, 2014 | 4:11 pm

GOLD: Chalice Gold files updated 43-101 for Cameron project

ONTARIO – Chalice Gold Mines of Perth, Western Australia, has filed an updated 43-101 report on SEDAR for its Cameron gold project 80 km southeast of Kenora. The project covers the Cameron deposit and  10 km to the west the Dubenski...

Canadian Mining Journal Staff | July 28, 2014 | 4:09 pm

SILVER: Fortune discloses PEA for Revenue mine

COLORADO – In May this year London, ON-based Fortune Minerals made its first foray into the United States with the purchase of the operating Revenue silver-gold-lead-zinc mine 490 km southwest of Denver. Now the company has completed a...

Canadian Mining Journal Staff | July 28, 2014 | 4:08 pm

CONVEYING: Soucy Plastiques raises the bar

DRUMMONDVILLE, Quebec – Soucy Plastiques, a subsidiary of The Soucy Group, is proud to launch a unique impact bar designed to increase replacement intervals and thereby boost productivity in the crushing circuit.

Canadian Mining Journal Staff | July 28, 2014 | 4:02 pm

PotashCorp ups 2014 earnings forecast on strong Q2 results

Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has upped its full year earnings guidance for the second time this year following a better than expected second-quarter profit of US$472 million.

Canadian Mining Journal Staff | July 28, 2014 | 4:00 pm

IRON ORE: Champion backs new Labrador Trough rail line

QUEBEC – Popularity is growing for the creation of a new rail line through the Labrador Trough. The latest to throw its support behind the idea is Champion Iron of Montreal. The company has agreed to participate in the Quebec government's...

Canadian Mining Journal Staff | July 24, 2014 | 3:49 pm

CHROMITE: Noront appeals staking decision in favour of KWG

ONTARIO – KWG Resources of Toronto has been service notice that Noront Resources (also of Toronto) will appeal the recent Ontario mining recorder's decision regarding the two companies' ownership of a pair of 16-unit claims. The ruling...

Canadian Mining Journal Staff | July 24, 2014 | 3:47 pm

PGM-NICKEL-COPPER: Wellgreen deposit hosts 5.53M oz PGM+Au

YUKON – The most recent resource estimate from Wellgreen Platinum of Vancouver for its Wellgreen deposit 320 km northwest of Whitehorse includes 5.53 million oz of platinum+palladium+gold. The company is preparing a preliminary economic...

Canadian Mining Journal Staff | July 24, 2014 | 3:46 pm

GOLD: TerraX discovers new vein at Yellowknife City project

NORTHWEST TERRITORIES – Vancouver-based TerraX Minerals reports the discovery of a new gold vein – the VSB vein – at its Yellowknife City gold project immediately north of the town of the same name. The vein has been exposed...

Canadian Mining Journal Staff | July 24, 2014 | 3:44 pm

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