Canadian Mining Journal Staff, Author at Canadian Mining Journal

AWARD: Ontario Prospectors recognize Probe’s Borden gold find

SUDBURY, ONTARIO – The Ontario Prospectors Association has awarded its 2013 Ontario Prospector Award to Probe Mines Ltd. of Toronto for its Borden gold discovery. The award went to the exploration team that included David Palmer, Jack...

Canadian Mining Journal Staff | November 11, 2013 | 4:14 pm

GOLD: Santoy Gap numbers bump up Seabee reserves by 78%

SASKATCHEWAN – Claude Resources of Saskatoon has updated reserves at its Seabee gold operation 125 km northeast of La Ronge resulting in an increase of 78% in reserves thanks to results from the Santoy Gap zone.

Canadian Mining Journal Staff | November 11, 2013 | 4:11 pm

DIAMONDS: Mountain Province raises development money for Gahcho Ku

NORTHWEST TERRITORIES – Mountain Province Diamonds is undertaking a non-brokered private place to raise $25 million for work at the Gahcho Kué diamond project at Kennady Lake, 400 km northeast of Yellowknife. The company says the...

Canadian Mining Journal Staff | November 11, 2013 | 4:09 pm

COPPER: Copper Mountain to raise $30 million for secondary crusher

BRITISH COLUMBIA – Vancouver-based Copper Mountain Mining Corp. has entered into a bought deal with lead underwriter National Bank Financial to issue 17.7 million common shares at a price of $1.70 per share for gross proceeds of $30.09...

Canadian Mining Journal Staff | November 11, 2013 | 4:07 pm

Osisko realizing Canadian Malartic’s potential

Osisko Mining (TSX: OSK) released some impressive third quarter results, which it believes should put any doubts about its Canadian Malartic mine in Quebec to bed for good.

Canadian Mining Journal Staff | November 11, 2013 | 4:04 pm

STUDY: Equities focused on costs despite better performance

TORONTO – Canadian mining equities witnessed a slight improvement in performance during the third quarter, but cautious investor sentiment remains, according to Canadian Mining Eye: Q3 published by Ernst & Young. The index tracks 100...

Canadian Mining Journal Staff | November 7, 2013 | 4:14 pm

TAXES: What Australia and Quebec can teach us

A recent trend in resource taxation philosophy found on both sides of the world came to light recently. It would seem both Australia at the national level in the southern hemisphere and Quebec at the provincial level in the northern hemisphere...

Canadian Mining Journal Staff | November 7, 2013 | 4:12 pm

GOLD: Richmont takes over Island gold deep development

ONTARIO – Richmont Mines of Montreal is terminating on Nov. 12 the agreement with an outside contractor the deep development at the Island gold mine 85 km west of Wawa. The company said it is making the change due to the weak and volatile...

Canadian Mining Journal Staff | November 7, 2013 | 4:07 pm

GOLD: Banks Island nears production at Yellow Giant

BRITISH COLUMBIA – The dense media separation plant has been commissioned at the Yellow Giant gold project on Banks Island, 120 km south of Prince Rupert. Owner Banks Island Gold of Vancouver said the plant will be operating full time by...

Canadian Mining Journal Staff | November 7, 2013 | 4:06 pm

MINING PEOPLE: Brades Resources and Lake Shore Gold

Brades Resources Corp. of Vancouver has named Carl von Einsiedel as CEO and a director of the company. A graduate of Carleton University, he has worked as a consulting exploration geologist and independent contractor for over 20 years. Von...

Canadian Mining Journal Staff | November 7, 2013 | 4:04 pm

IamGold cuts costs amidst falling profits

It was a mixed bag of news for IamGold (TSX: IMG; NYSE: IAG) shareholders as the company released third quarter results that moved in different directions.

Canadian Mining Journal Staff | November 7, 2013 | 4:03 pm

GOLD-COPPER: Review panel used wrong design to reject New Prosperity – Taseko

BRITISH COLUMBIA – Taseko Mines has come out swinging in the fight to get environmental approval for its New Prosperity gold-copper project. The company alleges that Natural Resources Canada, and subsequently the federal review panel,...

Canadian Mining Journal Staff | November 6, 2013 | 3:24 pm

MOLYBDENUM: Discovery to buy Max mine from Roca

VANCOUVER – Roca Mines has agreed to sell its Roca molybdenum mine near Revelstoke, BC, to Discovery Ventures for $5.675 million. The price will be paid $5.05 million in cash plus 2.50 million shares of Discovery. Roca suspended mining at...

Canadian Mining Journal Staff | November 6, 2013 | 3:22 pm

GOLD: Inferred numbers jump 25% at Radisson’s O’Brien project

QUEBEC – The latest contained ounces numbers from an updated inferred resource for the Zone 36 East at the O'Brien gold project in Cadillac must have owner Radisson Mining Resources smiling. Roscoe Postle Associates created the...

Canadian Mining Journal Staff | November 6, 2013 | 3:21 pm

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