Canadian Mining Journal Staff

DIAMONDS: Dominion completes sale of Harry Winston brand

TORONTO - Dominion Diamond Corp. has completed the previously announced sale of its luxury brand diamond jewelry and timepiece division, Harry Winston, to The Swatch Group Ltd.

Canadian Mining Journal Staff | March 27, 2013 | 4:08 pm

COAL: Coalspur and CN sign transport deal

ALBERTA – Coalspur Mines of Calgary and CN have signed an agreement for the transportation of thermal coal from Coalspur's Vista project near Hinton to Ridley Terminals on the Pacific coast. The agreement is for seven years beginning on...

Canadian Mining Journal Staff | March 27, 2013 | 4:07 pm

OIL SANDS: Suncor spill halted

ALBERTA – Industrial wastewater from a pipe that froze and broke at the Suncor oil sands project near Fort McMurray may have reached the Athabasca River. The leak was detected early on March 25, and it was stopped by 4 pm the same...

Canadian Mining Journal Staff | March 27, 2013 | 4:03 pm

Argonaut’s commitment to cost control drives success

VANCOUVER — As many gold producers are plagued by rising operating costs and shrinking profit margins, Reno-based producer Argonaut Gold (AR-T) has proven to be an exception to the norm. Though the company boosted year-on-year gold...

Canadian Mining Journal Staff | March 27, 2013 | 4:01 pm

COMMENT: MAC, AMQ decry proposed Quebec mining taxes

Quebec's reputation as one of the best places to explore for and mine minerals has taken a beating recently. From 2007 to 2010 the Fraser Institute ranked it as the best jurisdiction, but it slipped to fourth in 2011 to fifth in 2012.

Canadian Mining Journal Staff | March 26, 2013 | 4:22 pm

IRON ORE: PEA positive for Joyce Lake DSO deposit

LABRADOR – Century Iron Mines of Toronto, the operator of the Joyce Lake DSO (direct shipping ore) project just across the border from Schefferville, QC, has released a positive preliminary economic assessment. The property is a joint...

Canadian Mining Journal Staff | March 26, 2013 | 4:19 pm

GOLD: First Nations choose new name for Laurion’s project

ONTARIO - Laurion Mineral Exploration says that thanks to collaborative efforts with local first nations its Sturgeon River gold property has been renamed Ishkoday. Animbiigoo Zaagi'igan Anishinaabek, Bingwi Neyaashi Anishinaabek,...

Canadian Mining Journal Staff | March 26, 2013 | 4:17 pm

GOLD-SILVER: $140M raised for Inmaculada development in Peru

PERU – International Minerals Corp., headquartered in Scottsdale, AZ, and traded on the TSX, has secured a US$140-million term loan facility with which to partially fund construction of the Inmaculada gold-silver mine located southwest of...

Canadian Mining Journal Staff | March 26, 2013 | 4:10 pm

Positive initial economics for Gold Canyon’s Springpole

VANCOUVER – For US$438 million Gold Canyon Resources (GCU-V) could transform its Springpole project in northern Ontario into a profitable gold-silver mine, according to a new preliminary economic assessment (PEA).

Canadian Mining Journal Staff | March 26, 2013 | 4:08 pm

GOLD: Commissioning of Westwood mill begins

QUEBEC – Commissioning has begun at the Westwood gold processing plant using ore stockpiled from the adjacent Mouska mine approximately 40 km east of Rouyn-Noranda. Owner IamGold Corp. of Toronto says the plant is expected to produce...

Canadian Mining Journal Staff | March 25, 2013 | 2:41 pm

GOLD: NAP sells gold division to Maudore for cash, shares

QUEBEC – North American Palladium (NAP) of Toronto has sold its gold division, NAP Quebec Mines, to Maudore Minerals for $18 million in cash and 1.5 million Maudore shares. The deal includes the Vezza mine, the Sleeping Giant mine and...

Canadian Mining Journal Staff | March 25, 2013 | 2:39 pm

GOLD: Excellent results from three exploration projects

The global rate of new gold discoveries and their grades is declining sharply over the last four years, according to research done by IntierraRMG of London, UK, as illustrated in the accompanying graph. Over the 10-year period that was studied,...

Canadian Mining Journal Staff | March 25, 2013 | 2:34 pm

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