Canadian Mining Journal Staff, Author at Canadian Mining Journal

COMMENT: Chamber of Commerce wades into Ring of Fire debate

TORONTO – The Ontario Chamber of Commerce has produced a report trumpeting the tens of billions of dollars in economic activity that mineral development in the Ring of Fire could generate. In the first 10 years alone, projects will...

Canadian Mining Journal Staff | February 20, 2014 | 4:37 pm

GOLD: Rubicon finds $100M for Phoenix development

ONTARIO – Ten days ago, Rubicon Minerals Corp. announced a $75-million gold stream agreement for its Rubicon gold mine near Red Lake. Today it has announced a $100-million bought deal financing with which to complete the project.

Canadian Mining Journal Staff | February 20, 2014 | 4:36 pm

BASE METALS: Hudbay tallies year end losses

TORONTO – Hudbay Minerals has finished 2013 with a loss of $109.3 million, or $0.59 per share. The previous year, the company experienced a loss of $23.5 million or $0.12 per share. Revenue totaled $516.8 million in 2013, compared to...

Canadian Mining Journal Staff | February 20, 2014 | 4:33 pm

GOLD: Gold price decline hits IamGold earnings

TORONTO – The 27% drop in the gold price last year as well as declining sales hurt the bottom line at IamGold Corp. despite successful cost cutting measures. The company sold 740,000 oz of gold, generating revenues of $1.15 billion, but...

Canadian Mining Journal Staff | February 20, 2014 | 4:32 pm

PALLADIUM: NAP looks back on transitional year

TORONTO – North American Palladium looked back on 2013 as a transitional year as the new shaft was completed and mining moved to the deeper Offset zone at the Lac des Iles mine in Ontario. Still, the company produced 135,158 oz of payable...

Canadian Mining Journal Staff | February 20, 2014 | 4:30 pm

COPPER: Gibraltar expansion to pay off in 2014

and expanded milling facilities was 121.4 million lb of copper and 1.5 million lb of molybdenum in 2013. Taseko had revenues for 2013 of $290.1 million from the sale of 85.4 million lb of copper and 0.9 million lb of moly (reflecting Taseko's...

Canadian Mining Journal Staff | February 20, 2014 | 4:28 pm

Southwest Athabasca heating up thanks to NexGen, Fission

VANCOUVER – Two companies with neighbouring uranium properties released stellar drill results on the same day, stoking excitement that the long overlooked southwest edge of the Athabasca Basin hosts significant uranium at shallow depths.

Canadian Mining Journal Staff | February 20, 2014 | 4:27 pm

NICKEL: Sherritt output up, earnings down for 2013

TORONTO – Sherritt International pledged to focus on its core nickel business last year as evidenced by its decision to get out of coal mining. A look at 2013 balance sheet, and readers will know why. Despite higher outputs of nickel and...

Canadian Mining Journal Staff | February 19, 2014 | 4:25 pm

IRON ORE: Alderon’s Kami project passes environmental scrutiny

LABRADOR – The federal environment minister has given the nod to the Kami iron ore project in the Labrador Trough, saying it is unlikely to cause significant adverse environmental effects as long a mitigation measures are carried out. The...

Canadian Mining Journal Staff | February 19, 2014 | 4:24 pm

GOLD-COPPER: Initial estimate made for Seabridge’s Deep Kerr deposit

BRITISH COLUMBIA – Seabridge Gold of Toronto has completed the initial resource estimate for the Deep Kerr gold-copper deposit at its KSM project 65 km northwest of Stewart. The zone contains an inferred resource of 515 million tonnes...

Canadian Mining Journal Staff | February 19, 2014 | 4:23 pm

COAL: Altitude offers resource for Palisades coking project

ALBERTA – Altitude Resources of Calgary has released a NI 43-101 resource estimate for the Palisades coking coal project west of Hinton. The estimate is based on 27 rotary and three cored holes totaling 4,583 metres drilled last fall.

Canadian Mining Journal Staff | February 19, 2014 | 4:21 pm

MINING PEOPLE: Canada Coal, Detour Gold, Lydian Int’l, Orbite, and Rainmaker Mining

R. Bruce Duncan is assuming the roles of president and CEO in addition to that of executive chairman of Vancouver-based Canada Coal. The change follows the resignation of Abraham (Braam) Jonker.

Canadian Mining Journal Staff | February 19, 2014 | 4:19 pm

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