Canadian Mining Journal Staff

LOADER: Nordex rebrands underground systems as the Scorpion

KIRKLAND LAKE, Ontario – Nordex Explosives has completed extensive development and positive field testing of the Scorpion underground loader systems, a robotic arm bulk emulsion explosives loader. The Scorpion is a proprietary system...

Canadian Mining Journal Staff | April 15, 2014 | 4:09 pm

Juan de Herrera shows all the right signs for Precipitate Gold

VANCOUVER – "It's been exciting – there are a lot of good things going on here that just all seem to be aligning," said Precipitate Gold (TSXV: PRG) president and CEO Jeffery Wilson, in an interview in his Vancouver office.

Canadian Mining Journal Staff | April 15, 2014 | 4:07 pm

TAKEOVER: Goldcorp comes out swinging at Osisko-Yamana deal

VANCOUVER – Goldcorp has reviewed the documents related to the proposed deal between Osisko Mining Corp. and Yamana Gold, and the Vancouver suitor says the offer is lacking. Goldcorp says the disclosure documents provide more information...

Canadian Mining Journal Staff | April 14, 2014 | 4:32 pm

COPPER: Milling resumes at Huckleberry mine

BRITISH COLUMBIA – Mill operations resumed on April 2, 2014, at the Huckleberry copper mine 125 km southwest of Houston, according to Imperial Metals Corp. of Vancouver. Throughput levels of 700 to 800 t/h are being achieved.

Canadian Mining Journal Staff | April 14, 2014 | 4:30 pm

GOLD: Osisko cuts 1.53 g/t over 87 metres at Upper Beaver

ONTARIO – Montreal-based Osisko Mining Corp. has intersected 1.53 g/t Au (and 0.04% Cu) over 87.0 metres at the Upper Beaver deposit. The deposit is one of five with NI 43-101 resources at the company's Kirkland Lake project near the town...

Canadian Mining Journal Staff | April 14, 2014 | 4:28 pm

COPPER: Glencore sells Las Bambas for $5.85B to Chinese

PERU – Swiss miner Glencore Xstrata Plc has agreed to sell its Las Bambas copper project to a consortium 65% owned by MMG Limited of Hong Kong, 22.5% Guoxin International Corp. and 15.0% by Citic Metal Co. Price of the transaction is...

Canadian Mining Journal Staff | April 14, 2014 | 4:27 pm

Copper Mountain up 11% on record Q1 production

Vancouver-based Copper Mountain Mining (TSX: CUM) saw its shares climb after revealing record first quarter copper production at its 75%-held Copper Mountain mine near Princeton, BC.

Canadian Mining Journal Staff | April 14, 2014 | 4:25 pm

TAKEOVER: Goldcorp ups offer for Osisko to $3.6B

VANCOUVER – Goldcorp has increased its hostile takeover offer for Osisko Mining Corp. to $7.65 per share in cash and shares, making this a deal worth $3.6 billion, a billion more than its initial hostile takeover offer on Jan. 13....

Canadian Mining Journal Staff | April 10, 2014 | 4:24 pm

DIAMONDS: Stornoway secures $944M for Renard completion

QUEBEC – Stornoway Diamond Corp. of Montreal has struck a multi-player deal for $944 million with which to complete development of its Renard diamond mine (the province's first) 350 km north of Chibougamau. Taking part in the financing...

Canadian Mining Journal Staff | April 10, 2014 | 4:22 pm

LITHIUM: One-thousand-hour test confirms 99.99% LiOH grade

QUEBEC – Nemaska Lithium of Quebec City says the 1,000-hour test of its patent pending electrolysis process produced a 99.99% LiOH (lithium hydroxide). The test was run on lithium sulphate from the company's Whabouchi lithium deposit in...

Canadian Mining Journal Staff | April 10, 2014 | 4:21 pm

RARE EARTHS: New PEA cuts Strange Lake costs in half

LABRADOR – Toronto-based Quest Rare Minerals has improved the outlook for its Strange Lake rare earths project by cutting the construction costs roughly in half. The new number, $1.321 billion, is 48.5% less than the $2.565 billion number...

Canadian Mining Journal Staff | April 10, 2014 | 4:19 pm

Timmins Gold hits the right notes at San Francisco

VANCOUVER — Mexico-focused producer Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is riding positive momentum to start 2014 as the company continues to exceed analyst expectations and set production records at its San Francisco gold-silver...

Canadian Mining Journal Staff | April 10, 2014 | 4:18 pm

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