Canadian Mining Journal

  • News

    Capstone reports 2020 operations beat with strong Q4

    February 24, 2021 by Canadian Mining Journal Staff

    Copper-focused miner Capstone Mining (TSX: CS) beat its production and costs guidance for 2020, driven by strong fourth-quarter output at both the Pinto Valley open pit mine in Arizona and at the Cozamin underground mine in Mexico. With a total

  • News

    Costs decline at Copper Mountain in BC

    February 16, 2021 by Canadian Mining Journal Staff

    Last year, Copper Mountain Mining’s (TSX: CMMC; ASX: C6C) 75%-held namesake mine in B.C. recorded all-in costs of US$1.90 per lb. copper (cash costs of US$1.53 per lb. and all-in sustaining costs of US$1.69 per lb.), in line with the

  • News

    Yamana and Agnico Eagle approve Odyssey mine construction

    February 16, 2021 by MINING.COM Staff

    Yamana Gold (TSX: YRI; NYSE, LSE: AUY) and Agnico Eagle Mines (TSX, NYSE: AEM) have approved the $1.7-billion construction of the Odyssey gold project at the Canadian Malartic mine in Quebec. Canadian Malartic, located in the Abitibi region, is a

  • News

    Growing Equinox Gold on track towards 1M oz by 2023

    February 9, 2021 by Canadian Mining Journal Staff

    Over the next three years, Equinox Gold (TSX, NYSE: EQX) expects to continue with its trend of growing gold output, reaching 1 million oz. in annual production by 2023. The gold miner has provided 2021 guidance, with 600,000 to 665,000

  • News

    Mongolia asks Rio Tinto to mutually cancel Oyu Tolgoi’s deal

    February 9, 2021 by Cecilia Jamasmie

    Mongolia’s government is said to be actively seeking to cancel a deal with Rio Tinto (ASX, LON, NYSE: RIO) governing a $6.75 billion expansion of the Oyu Tolgoi copper mine in the Gobi Desert, as it looks to replace it

  • News

    Alamos extends Island Gold zones

    January 27, 2021 by Canadian Mining Journal Staff

    Producer Alamos Gold has released exploration results from its Island Gold mine in Ontario, which extend high-grade gold mineralization within the Island Main, East and West zones. Underground drilling at the Island Main zone, completed off of the 840-level exploration

  • News

    Harte Gold OK’s Sugar Zone expansion to 1,200 t/d

    January 21, 2021 by Canadian Mining Journal Staff

    Ontario-focused Harte Gold has announced plans to go ahead with an expansion of its Sugar Zone mine to 1,200 t/d, from the current 800 t/d throughput, based on strong feasibility study economics. The latest study suggests that an incremental $21

  • News

    Rio Tinto looming talks with Mongolia to decide Oyu Tolgoi’s fate

    January 19, 2021 by Cecilia Jamasmie

    The next three to six months will be crucial to the future of the vast Oyu Tolgoi copper-gold mine in Mongolia, as the companies behind the operation engage in talks to find a way to improve the government’s financial benefits

  • News

    Rio Tinto’s $6.75B Oyu Tolgoi expansion to kick off production in 2022

    December 16, 2020 by Cecilia Jamasmie

    Rio Tinto (NYSE:RIO; LSE: RIO; ASX: RIO) unveiled on Wednesday that underground production from the Oyu Tolgoi copper-gold mine in Mongolia is slated to begin in October 2022, adding that it will come with a price tag of US$6.75 billion.

  • News

    Lundin Gold goes ahead with $18.6M Fruta del Norte expansion

    December 10, 2020 by Cecilia Jamasmie

    Canada’s Lundin Gold (TSX:LUG) is going ahead with expansion plans for its Fruta del Norte gold-silver mine in Ecuador, the country’s largest, only a year after producing the first doré bar on site. The Vancouver-based miner said the $18.6-million expansion will take throughput from 3,500 to

  • News

    Newmont’s five-year outlook sees steady production growth, improving costs

    December 9, 2020 by Canadian Mining Journal Staff

    Gold major Newmont has released a five-year production and costs outlook, which suggests production growth and lower costs through 2025. This most recent guidance, for the first time, includes the Ahafo North and Yanacocha Sulphides projects, which are expected to

  • News

    SSR ‘master plan’ study examines Copler production scenarios

    December 1, 2020 by Canadian Mining Journal Staff

    Intermediate producer SSR Mining has released an independent ‘Master Plan study’ (CDMP20) for the company’s 80%-held Copler district in Turkey – the site includes a producing gold mine. The company has also published a reserve and resource update for the