Canadian Mining Journal

  • News

    GOLD: Alamos proceeds with Island Gold shaft expansion

    July 15, 2020 by Canadian Mining Journal

    TORONTO – Based on the strong economics of the Phase III Expansion study for the Island Gold mine in Ontario, which includes a new 1,373-metre shaft, Alamos Gold announced that it is proceeding with an expansion of the underground mine

  • News

    Tanzanian Gold begins production at Buckreef

    July 6, 2020 by Carl Williams

    Tanzanian Gold (TSX: TNX; NYSE: TRX) has produced commercial-grade gold for the first time from the oxide processing plant at its Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania. “The

  • News

    Exploration Snapshot: Eight gold companies mining in Canada

    June 2, 2020 by Magda Gardner

    Canada’s prolific geological terrain and adherence to the rule of law position the country as a go-to destination for companies looking to establish and operate mineral projects. A fall in the value of the Canadian dollar over the past few

  • Shandong Gold to buy TMAC Resources for US$149M

    May 11, 2020 by Trish Saywell

    In the latest Chinese acquisition of a Canadian gold miner, Shandong Gold is buying TMAC Resources (TSX: TMAC) and its Hope Bay gold project in Nunavut for US$149 million. The news follows Zijin Mining’s acquisition of Continental Gold in March for C$1.3

  • News

    GOLD: Equinox tables PEA for underground development at Aurizona

    May 7, 2020 by Canadian Mining Journal

    BRAZIL – Equinox Gold has released the results of a preliminary economic assessment (PEA) on an underground development within its Aurizona mine site in northeastern Brazil. The early-stage study suggests a feed contribution of 2,800 t/d from the Piaba underground

  • News

    Africa Snapshot: Eight companies active on the continent

    May 5, 2020 by Magda Gardner

    Africa offers pre-production and operating companies large areas of underexplored prospective terrain and, in many countries, established mining legislation. West Africa, in particular, has attracted many explorers, developers and producers looking to deliver competitive returns for shareholders. Notably, a number

  • News

    GOLD: Alamos posts strong Q1 results, expects to complete Young-Davidson expansion in July

    April 30, 2020 by Canadian Mining Journal

    ONTARIO – In the first quarter of the year, Alamos Gold produced 110,800 oz. of gold at all-in sustaining costs (AISC) of US$1,010 per oz. Although the company withdrew its 2020 guidance of 425,000 oz. to 465,000 oz. at AISCs

  • News

    GOLD: Kirkland Lake expands SMC to the east, traces new corridor at Macassa

    April 22, 2020 by Canadian Mining Journal

    ONTARIO – Kirkland Lake Gold has released the results of 19 drill holes as well as assays for 15 historical unreported and reinterpreted holes from the Macassa mine. These results expand the South Mine Complex (SMC) by at least 75

  • News

    Hudbay boosts gold reserves, production forecast in Manitoba

    April 7, 2020 by Steve Stakiw

    In its recent annual mineral reserve and resource update, mid-tier copper producer Hudbay Minerals (TSX: HBM; NYSE: HBM) provided some market optimism in the form of a major boost in gold at its Lalor mine within the Snow Lake Mining complex in

  • GOLD: TMAC releases Hope Bay PFS with new 4,000 t/d plant scenario

    March 30, 2020 by Canadian Mining Journal

    NUNAVUT – TMAC Resources has released key results from a prefeasibility study completed for its wholly owned Hope Bay property, which includes an operating mine. Last year, Hope Bay produced 139,510 oz. of gold; with release of its fourth quarter

  • Barrick updates 10-year plan

    March 30, 2020 by Carl Williams

    Barrick Gold (TSE: ABX; NYSE: GOLD) has unveiled a 10-year gold production plan in which it aims to maintain production levels of approximately 5 million oz. gold per year between 2020 and 2029. The plan is based on its current operating

  • News

    Global Gold Snapshot: Eight companies to watch

    March 24, 2020 by Magda Gardner

    Given the market volatility from the spread of COVID-19, the outlook for gold remains uncertain. Nevertheless, gold exploration and mine development remain important drivers of mining activity. Here are eight companies with exposure to gold and precious metals. Bear Creek