Canadian Mining Journal Staff, Author at Canadian Mining Journal

Sliding loonie may ease pressure on Canadian miners

For the past year, the Canadian dollar has been weakening – falling from above parity with the greenback at the beginning of 2013 to its current price of US91.5¢.

Canadian Mining Journal Staff | January 23, 2014 | 4:07 pm

COMMENT: Teck named to sustainability list for second year

VANCOUVER – For the second year in a row, Teck Resources has been named one of the Global 100 Most Sustainable Corporations. The announcement was made on Tuesday at the World Economic Forum in Davos, Switzerland. Teck, holding down the...

Canadian Mining Journal Staff | January 22, 2014 | 3:59 pm

DIAMONDS: Stornoway plans Renard drill program

QUEBEC – Stornoway Diamond Corp. intends to test the resource potential of the Renard 2 kimberlite underneath the indicated resource that extends 600 metres below surface. The program will be funded from the proceeds of the $10 million...

Canadian Mining Journal Staff | January 22, 2014 | 3:58 pm

BASE METALS: Wolfden to drill Bathurst camp

NEW BRUNSWICK – Wolfden Resources Corp. of Thunder Bay, ON, is planning to drill its recently acquired Tetagouche zinc-lead-copper property in the Bathurst mining camp. The area hosts five historic massive sulphide deposits and a number...

Canadian Mining Journal Staff | January 22, 2014 | 3:53 pm

FUNDING: Timmins Gold to raise $25M+ through share offering

VANCOUVER – Timmins Gold Corp. has entered into an agreement with RBC Capital Markets and a syndicate of underwriters for the sale of 16.67 million common shares of Timmins Gold at a price of $1.50 per share. If the overallotment –...

Canadian Mining Journal Staff | January 22, 2014 | 3:52 pm

Troy models low-cost gold mine at West Omai

VANCOUVER — As lower overall gold prices have taken hold it’s become increasingly important for developers to find projects that can be affordably put into production, and it looks like Latin America focused Troy Resources’...

Canadian Mining Journal Staff | January 22, 2014 | 3:50 pm

GOLD: Gowest moves Bradshaw deposit forward with milling deal

ONTARIO – Gowest Gold of Toronto is moving its Bradshaw gold deposit, part of its Frankfield property 32 km northeast of Timmins, forward with the signing of a memorandum of understanding for the treatment of its concentrate with United...

Canadian Mining Journal Staff | January 21, 2014 | 4:09 pm

GOLD: Detour Lake 2013 output tops 232,000 oz

ONTARIO – Toronto-based Detour Gold Corp. produced 232,287 oz of gold in 2013, its first year of operation. A grinding mill problem in December cut into production, and output did not quite reach the 2013 guidance of 240,000 oz.

Canadian Mining Journal Staff | January 21, 2014 | 4:07 pm

GOLD: McEwen gets okay for El Gallo 2 expansion

MEXICO – The Mexican government has granted environmental approval the El Gallo 2 project belonging to McEwen Mining of Toronto. The new mine in Sinaloa is expected to produce 95,000 oz AuEq per year (5.2 million oz of silver and 6,100 oz...

Canadian Mining Journal Staff | January 21, 2014 | 4:06 pm

[Update] Seabridge expects a ‘big year’ at KSM

CEO Rudi Fronk says 2014 should be a ‘big year’ for Seabridge Gold’s (TSX: SEA; NYSE: SA) KSM gold-copper project in northwestern British Columbia.

Canadian Mining Journal Staff | January 21, 2014 | 4:03 pm

COMMENT: Prairie Creek nears next chapter, successful development

NORTHWEST TERRITORIES – The Prairie Creek mine has weathered every sort of bad luck known to the mining industry – low metal prices, greed, market collapse, and long, long, long lead times. A project that has spent decades not quite...

Canadian Mining Journal Staff | January 20, 2014 | 4:39 pm

MERGER: Osisko board recommends rejection of Goldcorp bid

MONTREAL – The directors of Osisko Mining Corp. have unanimously recommended that its shareholders reject the "opportunistic hostile" takeover bid made last week by Goldcorp.

Canadian Mining Journal Staff | January 20, 2014 | 4:38 pm

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