Canadian Mining Journal Staff, Author at Canadian Mining Journal

IRON RESOURCE: Century Iron outlines 7 billion indicated tonnes at Rainy Lake

QUEBEC – Toronto-based Century Iron Mines has counted the resources at its Rainy Lake deposit and estimated 7.26 billion indicated tonnes grading 30.18% Fe and 8.69 billion inferred tonnes at 29.86% Fe. The deposit is also known as Full...

Canadian Mining Journal Staff | October 22, 2012 | 4:57 pm

Complementary skill sets bring Blue Gold and Riverstone together

Over the last 18 months Mark O’Dea, president and CEO of Blue Gold Mining, has kicked the tires of over 100 projects and companies in his quest to find something that would appeal to shareholders.

Canadian Mining Journal Staff | October 22, 2012 | 4:56 pm

PERSPECTIVE: Conflict-free gold is here

The World Gold Council, headquartered in London, UK, has published the first standard to establish a common approach by which gold producers can demonstrate that their gold has been extracted in a manner that does not fuel conflict or the abuse...

Canadian Mining Journal Staff | October 18, 2012 | 4:59 pm

FINANCING: Seabridge arranges flow-through worth $24M

TORONTO – Seabridge Gold is making a private placement of 1.1 million flow-through shares worth $24 million with a syndicate of underwriters led by Stonecap Securities. The price is $21.85 per share, a 20% premium on the recent closing...

Canadian Mining Journal Staff | October 18, 2012 | 4:58 pm

MINING PEOPLE IN THE NEWS: Colossus Minerals, Joshua Gold, Osisko, and True North Gems

John Frostiak is now chairman of Colossus Minerals of Toronto following the resignation of Ari Sussman. Frostiak has been a member of the Colossus board since 2007.

Canadian Mining Journal Staff | October 18, 2012 | 4:57 pm

Inside Friedland’s Ivanplats prospectus

VANCOUVER — Canadian mining magnate Robert Friedland looks poised to take the market by storm yet again, with an aggressive portfolio of advanced stage base and precious metal properties in Africa underpinning an initial public offering...

Canadian Mining Journal Staff | October 18, 2012 | 4:56 pm

INITIAL OFFERING: Friedland seeks $300M with Ivanplats IPO

TORONTO – Ivanplats Limited has filed the final prospectus for its initial public offering aiming to raise $300 million. Total equity to be issued in $493 million with the conversion into common shares of $193 million worth of pre-IPO...

Canadian Mining Journal Staff | October 17, 2012 | 5:00 pm

PRIVATE PLACEMENT: Kirkland Lake Gold sets out to raise $60M

ONTARIO – Kirkland Lake Gold, of the northern Ontario city of the same name, is raising $60 million through the private placement of convertible debentures. Dundee Securities and CIBC are co-lead underwriters and have agreed to purchase...

Canadian Mining Journal Staff | October 17, 2012 | 4:59 pm

GOLD RESOURCE: Gold Canyon updates Springpole

ONTARIO – It looks as if there are well over 4 million oz of gold in the resources at the Springpole project 110 km northeast of the Red Lake Mining Camp. Owner Gold Canyon Resources of Vancouver says the updated 43-101 report has an...

Canadian Mining Journal Staff | October 17, 2012 | 4:57 pm

Amara targets higher grades with Sega PEA

VANCOUVER — West African gold producer Amara Mining (formerly Cluffs Gold) is hoping to breathe new life into its 78%-owned Kalsaka gold operation 150 km northwest of Burkina Faso’s capital, Ouagadougou.

Canadian Mining Journal Staff | October 17, 2012 | 4:56 pm

PALLADIUM MINING: First ore mucked from Lac des Iles expansion

ONTARIO – North American Palladium (NAP) is expanding operations at its Lac des Iles palladium mine 85 km northwest of Thunder Bay by developing the underground Offset zone. The company says mining of the first Offset zone stope has begun.

Canadian Mining Journal Staff | October 16, 2012 | 5:00 pm

COPPER-PGM STUDY: Broken Hammer pre-feasibility outlines pit and custom milling

ONTARIO – The Broken Hammer copper-platinum group project at Sudbury can be developed as an open pit with the ore custom milled off site, says owner Wallbridge Mining of Toronto. Production at a rate of 750 t/d could begin in early to mid...

Canadian Mining Journal Staff | October 16, 2012 | 4:59 pm

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