Canadian Mining Journal Staff, Author at Canadian Mining Journal

MERGER: Cameco ups Hathor offer to $4.50/share, all cash

SASKATOON - Cameco Corp. has raised its offer for Hathor Exploration to $4.50 per Hathor share, 8.4% above the $4.15/share offer made by Rio Tinto last October and 20% above Cameco's initial bid of $3.75/share in August 2011. The most recent...

Canadian Mining Journal Staff | November 14, 2011 | 4:59 pm

Holding pond at Belleterre gold mine. (Photo: Conway Resources)

GOLD DEVELOPMENT: Conway completes two holding ponds at Belleterre mine

QUEBEC - Conway Resources of Quebec City has finished installing the geomembranes in two holding ponds at the former Belleterre gold mine 2 km northeast of the village of the same name. The ponds will hold mine water as the underground workings...

Canadian Mining Journal Staff | November 14, 2011 | 4:58 pm

GOLD STUDY: Gowest releases PEA for Frankfield East deposit

ONTARIO - Toronto-based Gowest Gold has released a promising preliminary economic assessment for the Frankfield East gold deposit 42 km northeast of Timmins. The study confirms a pre-tax net cash flow of US$265 million and a 3.3 year payback...

Canadian Mining Journal Staff | November 14, 2011 | 4:57 pm

TICKETS ON SALE: Canadian Mining Hall of Fame dinner, Jan. 12

TORONTO - Tickets for the 24th annual Canadian Mining Hall of Fame dinner and induction ceremony are on sale. The 2012 inductees are Ned Goodman, Phillip G. Hallof, John A. Hansuld, Robert Hunter and Robert Dickinson. The master of ceremonies...

Canadian Mining Journal Staff | November 10, 2011 | 5:00 pm

PERSPECTIVE: Keeping CSR front and centre

One downside to the new discipline of corporate social responsibility (CSR) is that the term remains to be clearly defined. As the definition changes, so must mining companies adapt their efforts to meeting an ever-changing goal.

Canadian Mining Journal Staff | November 10, 2011 | 4:59 pm

GOLD STUDY: Rainy River PEA anticipates 329,000 oz/y at $553/oz

ONTARIO - Toronto-based Rainy River Resources' preliminary economic assessment (PEA) of its property 50 km horthwest of Fort Frances is positive. The study outlines a new open pit and underground producer that would have life-of-mine...

Canadian Mining Journal Staff | November 10, 2011 | 4:58 pm

COAL EXPLORATION: Coalspur signs deal with CN for transport to west coast

ALBERTA - Coalspur Mines of Perth, Australia, has been quietly advancing the Vista coal project near Hinton. Now that it has reached the advanced exploration stage, Coalspur has signed a memorandum of understanding with Canadian National...

Canadian Mining Journal Staff | November 10, 2011 | 4:57 pm

ENVIRONMENTAL AWARD: Genivar wins for cleanup of Xstrata’s Gaspe site

QUEBEC - The winner of the prestigious 2011Schreyer Award, presented at the Canadian Consulting Engineering awards, is consulting engineering firm Genivar of Montreal. The firm won for its role in decommissioning the former Gaspe...

Canadian Mining Journal Staff | November 10, 2011 | 4:56 pm

ZINC-LEAD EXPLORATION: CanZinc cuts Prairie Creek host structure in step-out drilling

NORTHWEST TERRITORIES - The 2011 deep drilling program at the Prairie Creek zinc-lead mine has intersected what the owner, Canadian Zinc Corp. of Vancouver, says is the Prairie Creek host structure. Vein-type zinc-lead-silver mineralization was...

Canadian Mining Journal Staff | November 9, 2011 | 5:00 pm

GOLD RESOURCE: Update doubles Goliath numbers

ONTARIO - Treasury Metals of Toronto has updated the resource estimate for its Goliath gold project 20 km east of Dryden and says gold and gold equivalent contained in the indicated resource is 810,000 oz of gold and gold equivalent, more than...

Canadian Mining Journal Staff | November 9, 2011 | 4:59 pm

FINANCING: Victoria Gold completes $30-M bought deal

YUKON - Victoria Gold Corp. of Toronto has completed a $30-million bought deal public offering consisting of 46.8 million common shares at a price of $0.46 each plus 15.6 million flow-through shares at a price of $0.55 each.

Canadian Mining Journal Staff | November 9, 2011 | 4:58 pm

Proposed rail loadout site. (Image: Yellowhead Mining)

TRANSPORTATION: Yellowhead buys rail siding for Harper Creek

BRITISH COLUMBIA - Vancouver-based Yellowhead Mining continues to prepare for production from its Harper Creek copper-gold volcanogenic sulphide (VMS) deposit 150 km north of Kamloops. The latest milestone was the purchase of the former...

Canadian Mining Journal Staff | November 9, 2011 | 4:57 pm

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