Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD: Centerra beats 2013 guidance, lowers outlook for 2014

TORONTO – Centerra Gold said its Kumtor and Boroo mines produced a total of 690,720 oz of gold in 2013. The Kumtor mine in the Kyrgyz Republic produced the lion's share – 600,402 oz – and the Boroo mine in Mongolia contributed...

Canadian Mining Journal Staff | January 13, 2014 | 4:08 pm

COPPER: Gold Reach updates numbers for Ox deposit

BRITISH COLUMBIA – Vancouver-based Gold Reach Resources has updated its resource estimate for the Ox deposit at the Ootsa property near Smithers. The Ox deposit is one of several mineralized zones, including the large Seel deposit, on the...

Canadian Mining Journal Staff | January 13, 2014 | 4:06 pm

ZINC-LEAD: Red Pine, Flying Post ink exploration deal

ONTARIO – Toronto's Red Pine Exploration and the Flying Post First Nation have signed an exploration and development agreement that covers the Cayenne-Chili zinc-lead property 110 km southwest of Timmins.

Canadian Mining Journal Staff | January 13, 2014 | 4:05 pm

Strong headwinds for gold in 2014

Challenging macro-economic conditions are likely to drive gold prices lower in 2014, commodity specialists at Bank of America Merrill Lynch and Credit Suisse say, and both banks agree the precious metal could test the US$1,000 per oz level...

Canadian Mining Journal Staff | January 13, 2014 | 4:03 pm

AWARDS: PDAC to honour six leaders in March

TORONTO – The Prospectors and Developers Association of Canada has selected six industry leaders to receive its highest honours at the annual award banquet on March 4, 2014.

Canadian Mining Journal Staff | January 9, 2014 | 4:03 pm

GOLD-COBALT: Fortune receives interim permit for NICO site work

NORTHWEST TERRITORIES – Fortune Minerals of London, ON, has received the staging (interim) land use permit for the NICO mine from the Wek'èezhìi Land and Water Board. The mine site is 160 km northwest of Yellowknife, near...

Canadian Mining Journal Staff | January 9, 2014 | 4:01 pm

GOLD: Goldcorp looks ahead to 2014 production, costs

VANCOUVER – Coming off a Q4 production record of 767,700 oz of gold, Goldcorp says 2013 output totaled 2.67 million oz, up 11% from a year earlier. Better yet, production is expected to grow between 13% and 18% in 2014 to the...

Canadian Mining Journal Staff | January 9, 2014 | 3:57 pm

GOLD: Klondex raises C$42.6M for Midas mill purchase

NEVADA – Vancouver-headquartered Klondex Mines has closed a C$42.6 million private placement by selling 29.4 million subscription receipts at a price of C$1.45 each. The proceeds from which will be used to partially fund the purchase of...

Canadian Mining Journal Staff | January 9, 2014 | 3:55 pm

Guest editorial: A heap of trouble for the junior sector

A pillar of the Toronto mining community, Ed Thompson kicked off the new year by resigning from his many directorships in junior mining companies. As he tells The Northern Miner, part of the reason for doing so all at once was that he is...

Canadian Mining Journal Staff | January 9, 2014 | 3:54 pm

BASE METALS: Hudbay offers 2014 forecast, spending

TORONTO – Hudbay Minerals is making plans for capital expenditures of $904 million in growth initiatives next year, plus $20.4 million on exploration. The announcement comes as both the Reed copper and Lalor gold-zinc mines are expected...

Canadian Mining Journal Staff | January 8, 2014 | 4:11 pm

COPPER: Tuquoise Hill makes US$2.4B rights offering

VANCOUVER – Turquoise Hill Resources, operator of the Oyu Tolgoi copper-gold mine in southern Mongolia, has completed a rights offering expected to gross US$2.4 billion. Slightly more than 1 billion common shares will be issued.

Canadian Mining Journal Staff | January 8, 2014 | 4:09 pm

NEW NAME: Genivar now WSP Global

MONTREAL – Canadian engineering company Genivar has changed its name to WSP Global Inc. to reflect its worldwide operations. Genivar shareholders have received one WSP Global share for each Genivar share held.

Canadian Mining Journal Staff | January 8, 2014 | 4:05 pm

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