Canadian Mining Journal Staff, Author at Canadian Mining Journal

COMMENT: Newmont, Barrick talks dead

Even when a merger is no longer on the horizon, the two sides still disagree. Such is the case as Toronto's Barrick Gold issued a terse press release this morning to say that talks of a merger with Newmont Mining of Denver have been terminated...

Canadian Mining Journal Staff | April 28, 2014 | 4:08 pm

INFRASTRUCTURE: Ontario pledges $1B for Ring of Fire

TORONTO – The Ontario government has pledged $1 billion for infrastructure in the Ring of Fire and challenged the federal government to match it.

Canadian Mining Journal Staff | April 28, 2014 | 4:07 pm

OFFERING: Altius shares to be issued to raise $65M+

St. John's, Newfoundland – Altius Minerals Corp. has announced plans to make a $65 million offering of common shares with which to purchase coal mines and royalties. If the overallotment is fully subscribed as well, the total raised will...

Canadian Mining Journal Staff | April 28, 2014 | 4:05 pm

TRADES: First class of welders graduates Northern College

NUNAVUT – Northern College and the Hamlet of Arviat are celebrating the successful graduation of the first Arviat Welding Trade Readiness trainees. The program was delivered through a partnership between the college and the hamlet, with...

Canadian Mining Journal Staff | April 28, 2014 | 3:59 pm

Fission finishes winter at PLS with more hot holes

VANCOUVER – Fission Uranium’s (TSXV: FCU) winter drill program at Patterson Lake South (PLS) in the southwest Athabasca Basin was a remarkable success.

Canadian Mining Journal Staff | April 28, 2014 | 3:58 pm

GOLD: Development reaches upper part of Island Gold Deep resource

ONTARIO – Development into the C zone has reached the upper portion of the Island Gold Deep resource, reports Richmont Mines of Montreal. Chip samples from the face taken during lateral drift development on the 560 metre level averaged a...

Canadian Mining Journal Staff | April 24, 2014 | 4:04 pm

ZINC-LEAD: Winter drilling success for Goldstar at Julien

QUEBEC – Goldstar Minerals has been drilling at its Julien zinc-lead property 100 km east of Mattagami. Several coincident induced polarization and magnetic anomalies in the north-central part of the property were successfully tested.

Canadian Mining Journal Staff | April 24, 2014 | 4:03 pm

GOLD: Premier to test potential pits near Hardrock

ONTARIO – Premier Gold Mines plans to drill two highly prospective open pit targets along strike from its Hardrock gold project near Thunder Bay. The Bankfield West and Viper properties will be tested.

Canadian Mining Journal Staff | April 24, 2014 | 4:00 pm

Osisko drill results lift Abitibi Royalties to new heights

Yamana Gold (TSX: YRI) and Agnico Eagle Mines (TSX: AEM) bid for Osisko Mining (TSX: OSK) looks just a bit better today than it did yesterday.

Canadian Mining Journal Staff | April 24, 2014 | 3:59 pm

ZINC-COAL: Tough Q1 forces Teck to lay off 600

VANCOUVER – Teck Resources reported a first quarter adjusted profit of $105 million this year, compared to $328 million in 2013. The downturn occurred in the face of weak base metal and coal prices, compared to a year earlier. Now the...

Canadian Mining Journal Staff | April 23, 2014 | 3:47 pm

GOLD: Lexam hopes to develop open pits at historic producers

ONTARIO – Toronto-based Lexam VG Gold has the results of a preliminary economic assessment based on developing open pits to recover gold from four former producers – Buffalo Ankerite, Davidson Tisdale, Fuller and Paymaster –...

Canadian Mining Journal Staff | April 23, 2014 | 3:44 pm

TAKEOVER: Goldcorp’s offer for Osisko expires

VANCOUVER – Goldcorp says that the minimum tender offer for its takeover of Osisko Mining Corp. was not met by 11:59 pm EDT on April 22, 2014. Therefore, the offer was allowed to expire and Goldcorp did not take up any of the Osisko...

Canadian Mining Journal Staff | April 23, 2014 | 3:42 pm

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