Canadian Mining Journal Staff, Author at Canadian Mining Journal

Searching for value amidst a wave of write-downs

There is little arguing that 2013, thus far, has been a rough year for investors in gold mining stocks. But just how bad it has been may come as a surprise to some. Not since the financial crisis of 2008 have investors seen so much of their...

Canadian Mining Journal Staff | August 15, 2013 | 4:12 pm

GOLD: Probe outlines high grade zone at Borden project

ONTARIO – Infill drilling by Probe Mines Ltd. of Toronto on its 100% owned Borden gold project near Chapleau continues to expand the high grade zone. In Section 1300m SE, one hole returned 47.0 metres grading 6.8 g/t Au, including 8.0...

Canadian Mining Journal Staff | August 14, 2013 | 2:15 pm

GOLD: ATAC drills 9.83 g/t over 15 metres at Rackla

YUKON – Results are in for the first seven holes drilled by Vancouver's ATAC Resources in the Sunrise zone at its Rackla gold project 55 km northeast of Keno City. The best assay so far was 9.83 g/t Au over 15.24 metres.

Canadian Mining Journal Staff | August 14, 2013 | 2:13 pm

GOLD: Maritime engages AMEC for Green Bay permitting

NEWFOUNDLAND – Maritime Resources Corp. of Vancouver has hired AMEC's St. John's, NL, office to help the company get the first phases of permitting started on the Green Bay gold project in the King's Point area. AMEC will also assist in...

Canadian Mining Journal Staff | August 14, 2013 | 2:12 pm

Impact Silver finds success in a measured growth strategy

VANCOUVER — It is becoming exceedingly difficult to be a successful precious metals producer, but for juniors like Impact Silver (TSXV: IPT) these tough markets are an opportunity to show why fiscal restraint and measured growth are keys...

Canadian Mining Journal Staff | August 14, 2013 | 2:10 pm

GOLD: Record output, lower costs for Lake Shore

ONTARIO – The second quarter was kind to Lake Shore Gold of Toronto, bringing both record gold production and lower operating costs. The company poured 31,800 oz of gold in the quarter ending June 30. Total all-in sustaining costs during...

Canadian Mining Journal Staff | August 13, 2013 | 5:03 pm

GOLD: 5.10 g/t over 4.5 metres cut at Timmins Porcupine West

ONTARIO – Explor Resources of Rouyn-Noranda, QC, has released the results of six holes from its Timmins Porcupine West project, near Timmins. The best assay was 5.1 g/t Au over 4.50 metres from hole 106.

Canadian Mining Journal Staff | August 13, 2013 | 4:42 pm

GOLD: Orefinders drill 27.7 g/t at Mirado project

ONTARIO – The area around Kirkland Lake continues to reward drillers with bonanza grades. The latest is Orefinders Resources of Vancouver that has drilled 27.7 g/t Au (uncut) over 4.9 metres at its Mirado gold project. That assay was part...

Canadian Mining Journal Staff | August 13, 2013 | 4:20 pm

GOLD-PGM: Colossus raises more than $37M for Brazilian development

BRAZIL – Colossus Minerals of Toronto has completed a $37.95-million bought deal financing with which to fund further development at its 75% owned Serra Pelada gold-platinum-palladium project in Para State. The company issued 44 million...

Canadian Mining Journal Staff | August 13, 2013 | 4:07 pm

McEwen Mining posts record Q2; comments on Argentina

With the exception of an after tax non-cash impairment charge of US$123.6 million related to the decline in metal prices and potential costs associated with a 1% tax on economically viable mineral reserves in Argentina’s Santa Cruz...

Canadian Mining Journal Staff | August 13, 2013 | 3:54 pm

COPPER-GOLD: High grade core zone discovered at KSM

BRITISH COLUMBIA – Seabridge Gold of Toronto reports that it has drilled a very large, higher grade core zone at the Deep Kerr target on its KSM project 65 km northwest of Stewart. The Deep Kerr target sits down dip and is in part...

Canadian Mining Journal Staff | August 12, 2013 | 3:59 pm

TAKEOVER: New Gold takes up 97% of Rainy River shares

VANCOUVER – New Gold has succeeded in its takeover of Toronto's Rainy River Resources, having acquired 100.9 million common shares or 97.5% of Rainy River. New Gold will take up the remaining, untendered shares by way of compulsory...

Canadian Mining Journal Staff | August 12, 2013 | 3:56 pm

DIAMONDS: Kennady cuts 100 metres of kimberlite at Kelvin

NORTHWEST TERRITORIES – Toronto-based Kennady Diamonds has intersected over 100 metres of kimberlite in two infill drill holes at the north lobe of the Kelvin kimberlite. The Kelvin kimberlite is part of the company's Kennady diamond...

Canadian Mining Journal Staff | August 12, 2013 | 3:53 pm

Metal Price Report: Copper’s timing

Just one week ago the price for copper hit US$3.04 per lb and seemed to be heading into a tailspin. But suddenly the price stabilized, and only eight days later it reached a high of US$3.32 before closing at US$3.31 per lb. What ever could be...

Canadian Mining Journal Staff | August 12, 2013 | 3:47 pm

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