Canadian Mining Journal

  • News

    Wesdome on track to meet guidance, invests in Eagle River and Kiena

    November 4, 2020 by Canadian Mining Journal

    Gold producer Wesdome Gold Mines generated a total of 20,008 oz. from its Eagle River complex in Ontario in the third quarter of this year, at all-in sustaining costs of US$1,047 per oz. These latest numbers bring the company’s year-to-date

  • News

    Copper Mountain records strong Q3, lowers cost guidance

    November 2, 2020 by Canadian Mining Journal

    In the third quarter, Copper Mountain Mining’ flagship Copper Mountain open pit mine in B.C., 20 km south of Princeton, generated 23.8 million lb. of copper-equivalent, at all-in sustaining costs of US$1.43 per lb. of copper (and all-in costs of

  • News

    Iamgold halts Westwood mine following earthquake

    November 2, 2020 by Cecilia Jamasmie

    Canada’s Iamgold said on Monday it had suspended operations at its Westwood underground mine in southwestern Quebec, following a seismic event at the operation last week. The Toronto-based miner said the movement occurred at around 2:30 pm Eastern time on Friday Oct. 30th,

  • News

    Alamos records record cash flow in Q3, ups dividend by 33%

    October 29, 2020 by Canadian Mining Journal

    In the third quarter, gold producer Alamos Gold generated record cash flow of US$76 million, led by strong operating performance across its three operations in Ontario and Mexico. During the reporting period, Alamos generated 117,100 gold oz., and sold 116,035

  • News

    Barrick’s Loulo-Gounkoto on track to meet 2020 guidance

    October 27, 2020 by MINING.COM Staff

    Barrick Gold announced that its 80%-owned Loulo-Gounkoto complex remains on track to meet the upper end of its 2020 guidance, set at 540,000 oz. of gold, despite having faced multiple challenges including the COVID-19 pandemic and a military coup in

  • 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