Canadian Mining Journal

  • News

    McEwen production down 33% in 2020

    January 5, 2021 by MINING.COM Staff

    McEwen Mining reported on Monday that its production for 2020 was 92,100 gold oz. and 2 million silver oz., or 115,600 gold-equivalent oz. (GEOs). This represents a decline of 33% from the 174,400 GEOs produced in 2019. Consolidated production for

  • Victoria Gold’s new credit facilities expected to lower carrying costs in 2021

    January 5, 2021 by Trish Saywell

    Victoria Gold (TSX: VGCX) says an agreement with a syndicate of banks for a secured US$200-million debt facility will cut carrying costs by about 50% in 2021. The credit facility consists of a US$100-million term loan and a US$100-million revolving

  • News

    Pure Gold becomes Canada’s newest gold producer

    January 4, 2021 by Trish Saywell

    Pure Gold Mining (TSXV: PGM; LSE: PUR; US-OTC: LRTNF) poured its first gold in the final week of 2020 at its PureGold mine in Red Lake, Ont., and the company expects to reach commercial production by the end of the

  • News

    Excelsior produces first copper cathode at Gunnison in Arizona

    December 21, 2020 by Canadian Mining Journal Staff

    Excelsior Mining’s Gunnison copper project in Arizona has produced its first copper cathode. The in-situ recovery (ISR) operation is expected to sell the first copper cathodes in January 2021. “I am happy to confirm that Excelsior Mining is the newest

  • News

    Pretium makes new discovery around Brucejack

    December 17, 2020 by Canadian Mining Journal Staff

    Pretium Resources’ 25,350-metre 2020 exploration program led to the discovery of a new zone of epithermal-style gold mineralization, the Hanging Glacier zone. The gold producer has released the results of its 2020 grassroots exploration program completed within the 1,200-sq.-km land

  • Equinox to buy Premier Gold in US$480M all-stock deal

    December 17, 2020 by Cecilia Jamasmie

    Equinox Gold (TSX: EQX; NYSE-AM: EQX) is buying fellow miner Premier Gold Mines (TSX: PG), which will spin out its Nevada assets in a new U.S.-focused gold miner to be called i-80 Gold Corp. The all-stock deal valued at $612

  • News

    PureGold sends first ore to the mill in Red Lake

    December 16, 2020 by Canadian Mining Journal Staff

    Emerging miner Pure Gold Mining has introduced first ore to the mill at its PureGold mine in Red Lake, Ont. With first gold production expected later this month, the company will moving on to a full-scale ramp up of the

  • News

    Wartsila, Lihir sign 10-year service agreement for 170 MW power plant in PNG

    December 16, 2020 by Canadian Mining Journal Staff

    Technology group Wartsila has signed a 10-year tailored guaranteed asset performance agreement for power plant maintenance and operations advisory services for the Lihir gold mine, part of Australia-based Newcrest. The open pit mine is located on Lihir Island in Papua

  • 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

    Great Panther replaces Tucano inventory

    December 15, 2020 by Canadian Mining Journal Staff

    Gold and silver producer Great Panther Mining has updated reserves resources for its wholly owned Tucano open pit mine in Brazil. According to Rob Henderson, Great Panther’s president and CEO, the update has successfully replaced this year’s mining depletion at

  • News

    World’s largest copper miner to cut 70% of emissions by 2030

    December 15, 2020 by Cecilia Jamasmie

    Chile’s Codelco, the world’s largest copper producer, has outlined sustainability plans in five areas of action for its operations and projects, including goals to cut carbon emissions by 70%, reduce inland water consumption by 60% and recycling 65% of its industrial

  • News

    Kirkland Lake sets 1.3-1.4 M oz production target for 2021

    December 14, 2020 by Jackson Chen

    Kirkland Lake Gold (TSX:KL) (NYSE:KL) (ASX:KLA) has set its full-year production guidance at between 1.3 and 1.4 million oz. for 2021, driven by strong growth at its Detour Lake mine in Ontario. This is nearly identical to the company’s 2020