Canadian Mining Journal Staff

GOLD STUDY: Canarc cuts cost of New Polaris feasibility report

BRITISH COLUMBIA – Vancouver’s Canarc Resource Corp. is trimming the cost of the feasibility study to $9 million for its New Polaris gold project 100 km south of Atlin. The company also says it is currently seeking either a partner...

Canadian Mining Journal Staff | July 31, 2012 | 4:58 pm

FINANCE: Teck prices US$1.75 billion notes offering

VANCOUVER – Teck Resources has priced its previously announced offering of senior notes. The company will issue US$1.75 billion in aggregate principal amount of the notes. They will consist of US$500 million 2.50% notes due in 2018,...

Canadian Mining Journal Staff | July 31, 2012 | 4:57 pm

Promise of stimulus lifts TSX

The TSX Composite Index rose 231 points to 11,766.36 for the July 23-27 period as investors chose to focus on the themes of potential monetary easing and a leveling off of the European debt crisis.

Canadian Mining Journal Staff | July 31, 2012 | 4:56 pm

PERSPECTIVE: Ranking the world’s gold mines and deposits

The idea of knowing how many ounces of gold exist in situ, or how many gold mines there are in Canada, or how rare are deposits with more than a million ounces is fascinating. Now along comes Natural Resource Holdings of Toronto with all that...

Canadian Mining Journal Staff | July 30, 2012 | 5:00 pm

COPPER-NICKEL RESOURCES: Duluth files report on huge Cu-Ni-PGM deposit

MINNESOTA – Duluth Metals of Toronto has filed a 43-101 technical report for its Twin Metals (Nokomis) project, that it says is among the world’s largest copper-nickel-platinum group metals polymetallic sulphide deposits. The...

Canadian Mining Journal Staff | July 30, 2012 | 4:59 pm

RECOGNITION: New Afton mine recognized as corporate champion for Aboriginal business

BRITISH COLUMBIA – The New Afton copper-gold mine belonging to New Gold of Vancouver has been selected by the Industry Council for Aboriginal Business (ICAB) as a recipient of the Corporate Champion for Aboriginal Business Award. The...

Canadian Mining Journal Staff | July 30, 2012 | 4:58 pm

NEW WEBSITE: Eriez revamps its online presence

ERIE, Pennsylvania – Eriez has launched a revamped website featuring a fresh, new layout and expanded content. After extensive research, planning and design, the new website delivers what the company believes is an easier-to navigate,...

Canadian Mining Journal Staff | July 30, 2012 | 4:57 pm

Barrick unveils setbacks, cost hikes, output revisions

Barrick Gold packed its much anticipated second quarter financials with quite a few punches, causing analysts to cut their price targets.

Canadian Mining Journal Staff | July 30, 2012 | 4:56 pm

TAKEOVER: Hecla attempts to derail U.S. Silver, RX Gold merger

COEUR D’ALENE, Idaho, and TORONTO – In early June 2012, U.S. Silver Corp. and RX Gold & Silver (both of Toronto) announced they had worked out a plan of arrangement for the two companies. Uniting under the U.S. Silver & Gold...

Canadian Mining Journal Staff | July 26, 2012 | 5:00 pm

ENVIRONMENTAL: EIS filed for Donkin coal project

NOVA SCOTIA – Erdene Resource Development Corp. (25%) of Halifax and joint venture partner and operator Xstrata Coal Donkin Ltd. (75%) say the environmental impact statement for the Donkin coal project was filed on July 16, 2012, with the...

Canadian Mining Journal Staff | July 26, 2012 | 4:59 pm

GOLD DEVELOPMENT: Agnico-Eagle to mine satellite zones at Goldex

QUEBEC – Toronto-based Agnico-Eagle Mines is going ahead with the development of the M and E satellite zones at the Goldex gold mine in Val d’Or. The company suspended mining at Goldex in October 2011 because of a groundwater inflow...

Canadian Mining Journal Staff | July 26, 2012 | 4:58 pm

MINERAL PROCESSING: Dundee has strategy to significantly boost gold recovery at Chelopech

BULGARIA – Dundee Precious Metals of Toronto says recent metallurgical testing proves that metal recoveries at the Chelopech gold-copper-silver mine can be boosted to more than 90%. A preliminary economic assessment of a method of...

Canadian Mining Journal Staff | July 26, 2012 | 4:57 pm

Editorial: Atleo keeps his crown

Every once in a while, by a cosmic long shot, the meek really do inherit the Earth. What’s unsaid is that they’re never so meek again once they’ve taken the reins of power.

Canadian Mining Journal Staff | July 26, 2012 | 4:56 pm

GOLD EXPLORATION: Valley of the Kings yields true bonanza – 41,582 g/t

BRITISH COLUMBIA – Today’s almost unbelievable bonanza gold grade – 41,582 g/t or 1,212.8 oz per ton – comes from the Brucejack project drilled in the Valley of the Kings, near Stewart. The extremely high grade...

Canadian Mining Journal Staff | July 25, 2012 | 5:00 pm

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