Canadian Mining Journal Staff, Author at Canadian Mining Journal

Junior exploration programs will be ‘pruned to the bone,’ Macquarie says

In a new report on junior precious metal explorers that looks at which companies will have the cash to survive the current market and the decline in the gold price, analysts at Macquarie Equities Research predict that exploration programs will...

Canadian Mining Journal Staff | April 17, 2013 | 3:11 pm

RARE EARTHS: GeoMegA tweaks processing for Montviel PEA

QUEBEC – GeoMegA Resources of Montreal has finalized the process flow sheet for the preliminary economic assessment of its Montviel rare earths-niobium deposit, located one hour north of Lebel-sur-Quevillon. The flowsheet will include...

Canadian Mining Journal Staff | April 16, 2013 | 4:47 pm

COPPER: Taseko hedges bets

BRITISH COLUMBIA – Vancouver's Taseko Mines, 75% owner of the Gibraltar copper mine near Williams Lake, has extended its copper hedging program to include 40% of its share of production for the first quarter of 2014. The book has a strike...

Canadian Mining Journal Staff | April 16, 2013 | 4:46 pm

GOLD: Higher numbers for Timmins Porcupine West

ONTARIO – Explor Resources of Rouyn-Noranda, QC, has updated the 43-101 report for its Timmins Porcupine West gold property 15 km from downtown Timmins. Drilling complete to year-end 2012 yielded a 40% increase in indicated ounces and a...

Canadian Mining Journal Staff | April 16, 2013 | 4:44 pm

GOLD: Kaminak makes new finds at Coffee project

YUKON – Kaminak Gold Corp. of Vancouver continues to define new, good grade, shallow, oxidized gold zones at its Coffee gold project in the White Gold District. The discoveries were made close to the Supremo-Latte-Double Double deposits,...

Canadian Mining Journal Staff | April 16, 2013 | 4:43 pm

PHOSPHATE: MBAC injecting up to $51.7M in Brazilian mine

BRAZIL – MBAC Fertilizer Corp. of Toronto has raised gross proceeds of $51.7 million in a bought deal private placement, including a partial exercise of the underwriters 'option. The company issued approximately 23.48 million shares at a...

Canadian Mining Journal Staff | April 16, 2013 | 4:42 pm

Falco finds gold in Horne’s old data

Falco Pacific Resource Group (FPC-V) secured a jewel of Canada’s mining history just as markets tightened. But rather than let the conditions get it down, the company wound up proving an old adage correct: necessity is indeed the mother...

Canadian Mining Journal Staff | April 16, 2013 | 4:37 pm

COMMENT: Gold needs a parachute

Nothing good has happened to gold in the last week. Its price seems to be headed for the depths – freefalling $1,000 in the first three months of this year, diving another $500 from April 2 through 12, then flirting with $1,400 at market...

Canadian Mining Journal Staff | April 15, 2013 | 4:23 pm

PHOSPHATE: Arianne steps up training for Lac a Paul workers

QUEBEC – Arianne Resources of Chicoutimi, QC, is partnering with the Commission scolaire du Pays-des-Bleuets, through its vocational centres, and the Pekuakamiulnuatsh Takuhikan Education and Labour Department to create training services...

Canadian Mining Journal Staff | April 15, 2013 | 4:19 pm

HOISTS: ABB to build world’s largest for Jansen potash project

SASKATCHEWAN - ABB, with Canadian headquarters in St-Laurent, QC, has been selected by Australia-headquartered BHP Billiton to supply mine hoisting systems for the Jansen potash project, located 130 km east of Saskatoon.

Canadian Mining Journal Staff | April 15, 2013 | 4:17 pm

B2Gold hits gold in new zone at developing Otjikoto mine

VANCOUVER – With its list of gold mines having just climbed from two to three following the takeover of CGA Mining and with a fourth mine under construction, B2Gold (BTO-T) expects to be churning out more than half a million ounces of...

Canadian Mining Journal Staff | April 15, 2013 | 4:15 pm

GOLD-SILVER: Rainy River ready to proceed

ONTARIO – A positive feasibility study for the Rainy River gold-silver project 80 km south of Kenora has owner Rainy River Resources of Toronto eager to proceed. The proven and probable reserves host 4.0 million oz of gold and 10.3...

Canadian Mining Journal Staff | April 11, 2013 | 4:09 pm

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