Canadian Mining Journal Staff, Author at Canadian Mining Journal

COMMENT: Tough times have miners shedding jobs

These are tough times for miners. The effects are being felt on many fronts. Commodity prices are softening for metals, coal, potash and more. Junior miners have been having an increasingly difficult time raising exploration money. And now...

Canadian Mining Journal Staff | June 25, 2013 | 4:13 pm

GOLD: Nod given to milling McGarry ore at Aurbel

QUEBEC – The Quebec authorities have given the nod to milling gold ore from the McGarry mine 40 km east of Kirkland Lake, ON, at the Aurbel mill belonging to QMX Gold Corp. of Toronto. The mill is adjacent to QMX's Lac Herbin mine 10 km...

Canadian Mining Journal Staff | June 25, 2013 | 4:10 pm

GOLD: Rubicon reports positive PEA, doubled resources

ONTARIO – Toronto-based Rubicon Minerals Corp. must be pleased with the new preliminary economic assessment for its F2 gold system that buoys an after tax internal rate of return at 27.0% and a 5% discounted after tax net present value of...

Canadian Mining Journal Staff | June 25, 2013 | 4:08 pm

BRIGHT IDEA: New LED flood light for mining from Hella

PEACHTREE CITY, Georgia – Hella Inc. has introduced the first LED floodlight designed specifically for the mining industry. Based on a proven expertise and success in developing advanced LED lighting technology, the new HELLA HypaLUME LED...

Canadian Mining Journal Staff | June 25, 2013 | 4:05 pm

Lake Shore soars 56% on expected strong Q2

Lake Shore Gold (LSG-T, LSG-X), one of the weakest performers on the Toronto stock exchange last week losing over 45%, soared 56% when the company said it expects strong production and lower costs in the second quarter.

Canadian Mining Journal Staff | June 25, 2013 | 4:02 pm

COMMENT: Back to work

Having taken a couple weeks off to move, I am slowly getting settled into the new place. For any readers who might wish to contact me, I am now at 1128A Klondike Road, Kanata, ON K2K 0H2, and the phone number is 613-270-0213. The email address...

Canadian Mining Journal Staff | June 24, 2013 | 4:13 pm

SILVER: Huldra advances mill maintenance

BRITISH COLUMBIA – Huldra Silver of Vancouver temporarily suspended milling at its operations in Merritt a few days before a planned maintenance period was to start. The cost saving procedures included the layoff of certain construction...

Canadian Mining Journal Staff | June 24, 2013 | 4:11 pm

IRON ORE: Maiden estimate puts Elizabeth resource at 620 million tonnes

LABRADOR – Labrador Iron Mines Holdings of Toronto has released the maiden resource estimate for its Elizabeth taconite project: 620 inferred tonnes at 31.8% Fe, and, says the company, the property has exploration potential for another...

Canadian Mining Journal Staff | June 24, 2013 | 4:09 pm

COPPER-GOLD: Rambler drills 13+% Cu at Ming mine

NEWFOUNDLAND – Rambler Metals and Mining plc has cut 13.18% Cu, 4.58 g/t Au and 31.73 g/t Ag over 5.8 metres at its Ming copper-gold mine at Baie Verte. Since a breakthrough of the main 1807 ramp system at the end of February 2013, the...

Canadian Mining Journal Staff | June 24, 2013 | 4:07 pm

Canadian Zinc two permits closer to production

Canadian Zinc (CZN-T) continues to progress down the road to production at its Prairie Creek mine in the Northwest Territories.

Canadian Mining Journal Staff | June 24, 2013 | 4:05 pm

Creation of the Sodmex Dveloppement fund – The Caisse invests $250 million in Qubec’s natural resources sector

MONTREAL - The Caisse de dépôt et placement du Québec announced the creation of Sodémex Développement, a $250-million fund. This new fund, to which the Caisse has been committed since November 2012, will...

Canadian Mining Journal Staff | June 20, 2013 | 3:30 pm

Potential fracking in Gros Morne concerns UNESCO

ST. JOHN’S, NL — The UNESCO world heritage committee is recommending that a monitoring mission be sent to Gros Morne National Park to assess fracking risks, saying it’s seriously concerned about plans for potential oil...