Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD: Marathon updates Leprechaun resources

NEWFOUNDLAND – Marathon Gold Corp. of Toronto has updated the mineral resource estimate at its Leprechaun gold deposit at the Valentine Lake project and found a 14% increased in contained gold in the measured and indicated categories. The...

Canadian Mining Journal Staff | August 1, 2013 | 4:15 pm

GOLD: Comstock drills 57 metres at 1.01 g/t near surface

YUKON – Comstock Metals of Vancouver has intersected near surface gold mineralization at its QV project in the White Gold District. The longest intersection began at 88 metres below surface, and averaged 1.01 g/t Au over a core length of...

Canadian Mining Journal Staff | August 1, 2013 | 4:13 pm

GOLD: Barrick takes $8.7B impairment charge

TORONTO – Despite strong operating results from its gold and copper mines, Barrick Gold has taken a US$8.7-billion after-tax impairment charge in Q2 2013. The total charge is comprised of $5.1 billion for the Pascua-Lama project, $2.3...

Canadian Mining Journal Staff | August 1, 2013 | 4:09 pm

Sherritt posts loss in Q2

Sherritt International (TSX: S) reported a second-quarter net loss of $10.7 million, or 4¢ a share, falling below earnings of $40.8 million, or 14¢ a share, a year ago.

Canadian Mining Journal Staff | August 1, 2013 | 4:07 pm

GOLD: Richmont says ‘yes’ to commercial production at Monique

QUEBEC – Having completed the bulk sampling phase at its Monique gold project 25 km east of Val d'Or, Richmont Mines of Montreal has decided to ramp up production to commercial levels. The open pit is expected to have a life of 19 months...

Canadian Mining Journal Staff | July 31, 2013 | 4:10 pm

ZINC-COPPER: More mineralization at McLeod Deep and Bracemac KT

QUEBEC – Drilling at the Bracemac-McLeod project hear Matagami has extended two mineralized zones, says 35% joint venture partner Donner Metals of Montreal. (Glencore Xstrata holds the remaining 65%). Results include the extension of...

Canadian Mining Journal Staff | July 31, 2013 | 4:09 pm

EDUCATION: Eriez teaches technology use at Orange University

PENNSYLVANIA – Eriez® has released a new white paper, “Orange University®: An Eriez Educational Concept to Help Industries Understand and Apply Innovative Technologies.” Download it for free from the Eriez website.

Canadian Mining Journal Staff | July 31, 2013 | 4:07 pm

Potash producers plummet after Uralkali quits cartel

VANCOUVER – Russia's OAO Uralkali (LSE: URKA) has quit one of the world's two big potash cartels, which together supported prices by limiting supplies, an unexpected move that stunned the potash market and led to widespread forecasts that...

Canadian Mining Journal Staff | July 31, 2013 | 4:04 pm

GOLD: Abcourt continues to drill bonanza grades at Elder mine

QUEBEC – Abcourt Mines of Mont St Hilaire, QC, continues to cut bonanza grades during definition drilling in the upper part of its Elder gold mine near Rouyn-Noranda.

Canadian Mining Journal Staff | July 30, 2013 | 4:45 pm

NAME CHANGE: Xstrata Canada becomes Glencore Canada

TORONTO – Glencore Xstrata plc subsidiary, Xstrata Canada Corp., announced that effective July 30, 2013, it has changed its name to Glencore Canada Corporation.

Canadian Mining Journal Staff | July 30, 2013 | 4:44 pm

AWARD: Nevada Mining Assoc. recognizes Scorpio Gold’s safety record

NEVADA – The Mineral Ridge gold mine belonging to Scorpio Gold Corp. of Vancouver is the second place winner in the small surface mines category awarded by the Nevada Mining Association. Newmont Mining's Lone Tree operation took first...

Canadian Mining Journal Staff | July 30, 2013 | 4:42 pm

MINING PEOPLE: Banks Island Gold, Lincoln Mining, and Sherritt

Wolf Nickel is the new chairman of Vancouver-based Banks Island Gold. He retired from a 35-year career at Teck and Cominco, most recently as president and general manager of Highland Valley Copper. Nickel is also a director of Candente Copper.

Canadian Mining Journal Staff | July 30, 2013 | 4:41 pm

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