Canadian Mining Journal Staff, Author at Canadian Mining Journal

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

COMMENT: Safety improved at Ontario mines

While statistics can't always tell the whole story, recent numbers indicate Ontario's mining sector is making further progress on the safety front. For the first three months of 2013, the provincial mining sector had a lost time injury...

Canadian Mining Journal Staff | August 8, 2013 | 3:36 pm

GOLD: Governments invest in Yukon placer mining

YUKON – The federal and territorial governments have pledged to fund $440,000 over two years towards a research and testing program aimed at increasing gold recovery rates from placer operations. Minister of Environment, Minister of the...

Canadian Mining Journal Staff | August 8, 2013 | 3:34 pm

ALUMINUM: Rio Tinto Alcan slashes Shawinigan smelter output

QUEBEC – Montreal's Rio Tinto Alcan said on Aug. 7 that it will immediately slash 50,000 tonnes of production at its Shawinigan smelter in the town of the same name. By the end of November the smelter will shut down, taking an additional...

Canadian Mining Journal Staff | August 8, 2013 | 3:32 pm

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