Canadian Mining Journal

  • News

    Copper snapshot: Eight companies with promising assets

    October 20, 2020 by Magda Gardner

    With rising prices, a favourable supply-demand outlook and few new mines in development, investors are paying close attention to copper. Here are eight companies developing the next generation of projects. Arizona Metals Arizona Metals (TSXV: AMC) wholly owns the Kay

  • News

    Kirkland Lake Gold reports ‘exceptional’ grades at Macassa

    October 19, 2020 by Canadian Mining Journal

    The latest drill results from Kirkland Lake Gold’s Macassa mine in Ontario include ‘exceptional’ gold grades and suggest potential for resource and reserve additions in three areas of the underground mine. The 135 drillholes reported are from the south margin

  • Argonaut’s Magino gold project gets the go-ahead

    October 15, 2020 by Canadian Mining Journal

    The board of directors of Argonaut Gold has approved construction of the company’s wholly owned Magino gold project in Ontario, 40 km northeast of Wawa. With a two-year construction period anticipated for Magino starting in January 2021, Argonaut expects a

  • News

    First Majestic Silver on track to meet guidance

    October 14, 2020 by Canadian Mining Journal

    In the third quarter, silver miner First Majestic Silver churned out 5.2 million silver-equivalent oz., made up of 3.2 million oz. of silver and 25,771 oz. of gold, from its three underground mines in Mexico. The figures represent a 72%

  • News

    Barrick transitions Hemlo to underground mining

    October 14, 2020 by Canadian Mining Journal

    Barrick Gold is moving ahead with plans to extend the life of its Hemlo gold mine in Ontario by transitioning the operation from open-pit mining to purely underground mining as a modernized ‘Tier Two’ asset. Mining of the Williams pit

  • News

    Kirkland Lake generates 339,584 oz. in Q3, grows cash stores, dividend

    October 13, 2020 by Canadian Mining Journal

    Gold miner Kirkland Lake Gold reported third-quarter gold production of 339,584 oz., a 3% increase over the 329,770 oz. generated in the prior quarter. The Detour Lake and Fosterville mines led this output, producing 140,067 oz. and 161,489 oz. in

  • Dominion Diamond Mines sale of Ekati falls through

    October 13, 2020 by Northern Miner staff

    The future of the Ekati diamond mine in Canada’s Northwest Territories remains uncertain after Dominion Diamond Mines announced that a deal to sell it to a subsidiary owned by its parent company, The Washington Companies, has fallen apart. Dominion Diamond

  • News

    Fruta del Norte produces 94,250 oz. in first full quarter

    October 13, 2020 by MINING.COM Staff

    Lundin Gold’s Fruta del Norte gold mine in Ecuador produced 94,250 oz. of gold during the third quarter of 2020, which was the mine’s first full quarter of operations. Approximately 66,790 oz. were produced as a concentrate and 27,460 oz.

  • Northern Star, Saracen create US$11.5B Australian gold giant

    October 7, 2020 by Cecilia Jamasmie

    Australia’s Northern Star Resources (ASX: NST) is buying smaller peer Saracen Mineral Holdings (ASX: SAR) in a deal that will create an A$16 billion (US$11.5 billion) gold giant, the world’s eighth-largest gold miner by market value. The A$5.76 billion (US$4.14 billion) merger comes amid

  • News

    Pan American Silver restarts Huaron and Morococha

    October 1, 2020 by MINING.COM Staff

    Pan American Silver announced on Wednesday that production has resumed at its Huaron and Morococha operations in Peru. Over the past couple of weeks, Pan American has been gradually redeploying its workforce following implementation of intensive health screenings and testing for COVID-19, the

  • News

    Power outage damages equipment at Lundin’s Chapada mine in Brazil

    September 29, 2020 by Carl Williams

    Lundin Mining (TSX: LUN) has withdrawn its 2020 production, cash cost and capital expenditure guidance for its Chapada copper and gold mine in northern Brazil after a power outage caused damage to all four of the operation’s SAG and ball mill

  • First Majestic plans next steps in Mexico tax dispute

    September 28, 2020 by Cecilia Jamasmie

    First Majestic Silver (TSX:FR; NYSE: AG) says it is getting ready to appeal a Mexican court decision this week that revoked a key agreement determining how the silver producer was taxed in the country. The federal court’s ruling, yet to be