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Henry Lazenby

Henry Lazenby

Henry Lazenby is Creamer Media Deputy Editor: North America for Mining Weekly.

Tel: +27 11 622 3744 / +1 647 352 1305

Email: newsdesk@engineeringnews.co.za / henry@miningweekly.com

 

Kirkland Lake rises as 2016 acquisitions boost profit, initiates dividend

30th March 2017 The TSX-listed stock of Canadian midtier miner Kirkland Lake Gold on Wednesday gained 6.6% after the company reported headline earnings for the three months ended December rising 1 800%, boosted by two transformative acquisitions in 2016 that lifted output and lowered costs. For the fourth... 

Acacia rebuffs reports that it violated Tanzanian concentrate export ban

28th March 2017 London-listed gold producer Acacia Mining has denied allegations that it is trying to export gold and copper concentrates from Tanzania, despite the ban instituted by that country's government. Neither the company nor its customers have attempted to export gold and copper concentrates, the... 

Radisson chases potential ‘game-changing’ discovery at high-grade O’Brien project

28th March 2017 Following on the heels of a successful 2016 exploration campaign, junior explorer Radisson Mining Resources has doubled its current drill programme to 20 000 m and added a second drill at the O’Brien project, cut by the prospective regional Larder-Lake-Cadillac Fault, in Quebec. Emboldened by... 

Goldcorp, Barrick creating another NuevaUnión-like JV at close to discovery cost

28th March 2017 Canadian gold majors Goldcorp and Barrick Gold on Tuesday announced a series of transactions that will result in the creation of a new 50:50 joint venture (JV) over a new project located in the Atacama region of Chile, that combines Barrick and Kinross Gold’s Cerro Casale project, with Exeter... 

Vale completes Moatize sale to Mitsui, appoints new CEO

28th March 2017 Brazilian miner Vale has completed the sale of its interest in the Mozambique-based Moatize coal project to Japanese miner Mitsui & Co, receiving an initial payment of $733-million. A further $37-million will be paid after the financing for the project is concluded, Vale said in a press release... 

Agnico sells $220m in stock to single US institutional investor

28th March 2017 Dual-listed Canadian gold producer Agnico Eagle Mines has agreed to issue and sell five-million of its common shares directly to an institutional investor in the US at a price of $43.97 apiece, or about $220-million in total. Toronto-based Agnico said it will use the net proceeds of the offering... 

Turquoise Hill stocks rise despite narrower FY profit

28th March 2017 The NYSE-listed stock of Rio Tinto subsidiary Turquoise Hill Resources rose sharply after market close on Monday, gaining nearly 6% to $3.24 a share, after the company reported a full-year profit for 2016 and a positive production outlook for this year. In 2016, Turquoise Hill recorded net income... 

Osisko Gold Royalties picks up 0.75% Cariboo NSR from Barkerville

27th March 2017 TSX-V-listed Barkerville Gold Mines has sold another 0.75% net smelter return (NSR) royalty on its flagship Cariboo gold project, in central British Columbia, to TSX-listed Osisko Gold Royalties for C$12.5-million in cash. This will take Osisko’s total NSR royalty on the Cariboo project to 2.25%,... 

Dominion Diamond Corp mulls strategic transactions in wake of rejecting $1.1bn offer

27th March 2017 Canada’s largest diamond producer Dominion Diamond Corp has launched a formal process to evaluate the potential sale of the company or other strategic transactions. This follows after Montana-based Washington Companies, a group of companies founded by industrialist and entrepreneur Dennis... 

Klondex to lift FY17 output 36%

25th March 2017 Gold and silver producer Klondex Mines has forecast a 36% year-on-year increase in output for 2017, after producing a record 151 007 gold equivalent ounces (GEOs) from its Nevada operations last year, exceeding the high end of management's guidance range. "We expect to produce between 210 000 and... 

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