Canadian Mining Journal Staff

REVIEW: Bre-X – Dead Man’s Story

You don't have to be an industry insider to remember the story of Bre-X – the 200 million oz of gold in the jungles of Borneo that disappeared overnight. The story of the company's rollercoaster ride – propelled by enormous greed...

Canadian Mining Journal Staff | April 1, 2014 | 4:50 pm

GOLD: Richmont offers fresh numbers for Island Gold

ONTARIO – Richmont Mines of Montreal has published the latest resource numbers for its Island Gold gold mine 83 km northeast of Wawa. Using a gold price of US$1,225/oz, at the 2013 year end the Island Gold mine has proven and probable...

Canadian Mining Journal Staff | April 1, 2014 | 4:26 pm

GOLD: Tasiast expansion to cost Kinross $1.6B

MAURITANIA – Toronto-based Kinross Gold Corp. has completed the feasibility study for the expansion of its Tasiast gold mine. Building a new mill will cost $1.6 billion, but output would expand more than threefold, to 848,000 oz per year.

Canadian Mining Journal Staff | April 1, 2014 | 4:24 pm

NEW NAME: Rexroth Pneumatics becomes Aventics

BURLINGTON, Ontario – A new stand-alone company has been created out of the former pneumatics business unit at Bosch Rexroth. Due to a change in ownership, the medium-sized company is now operating under the name Aventics.

Canadian Mining Journal Staff | April 1, 2014 | 4:23 pm

Namoya boosts Banro’s gold reserves 53%

Toronto-based Banro Corp. (TSX: BAA; NYSE: BAA) has published an initial reserve estimate for its Namoya gold mine in the Democratic Republic of the Congo, pushing up company-wide reserves by 53% to 2.36 million oz.

Canadian Mining Journal Staff | April 1, 2014 | 4:21 pm

URANIUM: Fission discovers new zone with step out holes

SASKATCHEWAN – Fission Uranium Corp. of Kelowna, BC, has discovered a new zone of "considerable" mineralization at its Patterson Lake South uranium project in the Athabasca Basin. Step out holes have identified zone R1620E that lies 465...

Canadian Mining Journal Staff | March 31, 2014 | 4:27 pm

GOLD: Metanor extends A vein at Bachelor

QUEBEC – Metanor Resources of Val d'Or, QC, has four drills turning underground at its Bachelor gold mine 225 km northeast of Val d'Or, and the results are promising. The hole drilled on level 5 confirmed the extension of the A vein north...

Canadian Mining Journal Staff | March 31, 2014 | 4:25 pm

URANIUM: Cameco ends hexafluoride deal year ahead of schedule

SASKATOON – Cameco Corp. is ending its toll conversion agreement at the end of August 2014 with Springfields Fuels in the United Kingdom. The original 10-year deal was to expire in 2016. The company has agreed to pay $18 million to allow...

Canadian Mining Journal Staff | March 31, 2014 | 4:24 pm

GOLD-COPPER: New resource numbers extend Chelopech mine life for Dundee

BULGARIA – Dundee Precious Metals of Toronto has extended the life of its Chelopech gold-copper-silver mine an extra two year to 2025 thanks to increases in reserves and resources. The property currently has proven and probable reserves...

Canadian Mining Journal Staff | March 31, 2014 | 4:23 pm

New Millennium, Tata Steel show Taconite iron ore project is feasible

VANCOUVER – The Taconite project feasibility study is complete, which means project owner New Millennium Iron Ore (TSX: NML) should hear within four months whether joint venture partner Tata Steel wants to turn the Labrador Trough iron...

Canadian Mining Journal Staff | March 31, 2014 | 4:22 pm

REVIEW: Taseko files second judicial review on New Prosperity

VANCOUVER – Taseko Mines has applied for a second judicial review of federal government's rejection of the proposed New Prosperity gold-copper mine project. Environment Canada has twice refused permission for the project 120 km southwest...

Canadian Mining Journal Staff | March 27, 2014 | 4:05 pm

GOLD: Osisko cuts 105 metres of 1.41 g/t at Canadian Kirkland

ONTARIO – Montreal's Osisko Mining Corp. has drilled a newly discovered zone of disseminated gold mineralization at its Kirkland Lake project. The new zone, dubbed Canadian Kirkland, is located 750 metres south of Hwy 66, about 6.5 km...

Canadian Mining Journal Staff | March 27, 2014 | 4:04 pm

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