Canadian Mining Journal Staff

FINANCING: Yukon-Nevada, Deutsche Bank strike $20-M forward gold sale

VANCOUVER - Yukon-Nevada Gold Corp. has entered into a US$20-million forward gold purchase agreement with the London branch of Deutsche Bank AG. The funds will be used by Yukon-Nevada subsidiary Queenstake Resources USA to expand production at...

Canadian Mining Journal Staff | February 8, 2012 | 4:57 pm

REPORT: Canadian mining resumes growth

OTTAWA - The Mining Association of Canada (MAC) has published the latest report looking at the value of the mineral industry to Canada, Facts & Figures 2011. Chief among its findings is that the Canadian mining industry has not only...

Canadian Mining Journal Staff | February 7, 2012 | 5:00 pm

NICKEL MINING: Record production from Bucko Lake

MANITOBA - CaNickel Mining of Vancouver has developed several longhole stopes at its Bucko Lake nickel mine near Wabowden and been rewarded with record monthly production numbers.

Canadian Mining Journal Staff | February 7, 2012 | 4:59 pm

GOLD RESOURCE: Haile resource grows to 4.0-M oz

SOUTH CAROLINA - Romarco Minerals of Toronto, has updated the resource estimate for its Haile gold mine in Lancaster County. Measured and indicated resources increased 29% to 4.0 million oz of gold in 53.4 million tonnes averaging 1.82 g/t Au....

Canadian Mining Journal Staff | February 7, 2012 | 4:58 pm

COPPER-SILVER STUDY: Feasibility report complete for Copperwood project

MICHIGAN - Toronto-based Orvana Minerals has received the completed feasibility study for its Copperwood copper-silver project on the Upper Peninsula. The study outlines a 13-year underground operation using room-and-pillar mining.

Canadian Mining Journal Staff | February 7, 2012 | 4:57 pm

PERSPECTIVE: The merger-go-round is picking up speed

The merger-go-round is spinning again, perhaps not with the breakneck speed it had in 2006, but at a good pace nonetheless. That was the year that the hard-fought battles for Inco and Falconbridge brought new names - Vale and Xstrata - to...

Canadian Mining Journal Staff | February 6, 2012 | 5:00 pm

Six steps to sustainable resource extraction

The World Economic Forum of Geneva and The Boston Consulting Group have published a report that outlines the six building blocks needed to help lift some of the world's least developed countries out of poverty by harnessing their mineral wealth.

Canadian Mining Journal Staff | February 6, 2012 | 5:00 pm

FINANCING: Rubicon raises $200-M in bought deal

ONTARIO - Rubicon Minerals of Vancouver is raising $200 million in a bought deal financing, the bulk of which will be used to develop its Phoenix gold project near Red Lake. A syndicate of investors has agreed to purchase 49 million common...

Canadian Mining Journal Staff | February 6, 2012 | 4:59 pm

AWARD: Barrick wins award for CSR best practice

TORONTO - Barrick Gold has won the award for best practice of corporate social responsibility (CSR) at the 2012 IR Magazine Canada Awards, held Feb. 1. The IR Magazine Awards are the leading international awards honoring excellence and...

Canadian Mining Journal Staff | February 6, 2012 | 4:58 pm

GOLD MINING: White Tiger restarts production from Lamaque north wall

QUEBEC - White Tiger Gold of the British Virgin Isles is restarting longhole ore production from the north wall of the Lamaque gold mine in Val d'Or. White Tiger acquired the mine with its takeover of Century Mining last year.

Canadian Mining Journal Staff | February 6, 2012 | 4:57 pm

NICKEL MINING: Shakespeare once again silenced

ONTARIO - Ursa Major Minerals has once again temporarily suspended mining at tits Shakespeare nickel mine 70 km west of Sudbury. The decision, this time, is not one of failing metal prices.

Canadian Mining Journal Staff | February 6, 2012 | 4:56 pm

MINING PEOPLE IN THE NEWS: Century Iron, Fire River Gold, Foraco and Peregrine Diamonds

Century Iron Mines of Toronto has appointed Hubert Vallee to the position of senior VP logistic, mine development and operations. A veteran of Cliffs Natural Resources and Consolidated Thompson, he will initially focus on logistical solutions...

Canadian Mining Journal Staff | February 6, 2012 | 4:55 pm

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