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Canada challenges innovators to modernise 100-year-old mining processes

By: Creamer Media Reporter      31st October 2018 Canadian Natural Resources Minister Amarjeet Sohi has challenged innovators to develop new technology solutions to lower energy consumption for crushing mined rock - a process that currently accounts for up to 3% of the world’s electricity usage. Launching the $10-million Crush It! Challenge,... 

Goldcorp’s all-electric Borden gets $5m govt boost

By: Creamer Media Reporter      30th October 2018 The Canadian government has announced a $5-million investment to support TSX- and NYSE-listed Goldcorp Borden project, which will be the first underground mine in the country to replace all diesel mobile equipment with battery electric vehicles. The new all-electric Borden, in Chapleau, Ontario,... 

Investors doubling their capital injection at IMARC this year

29th October 2018 In only its fifth year, the International Mining and Resources Conference has grown to be one of the largest events of its kind attracting the industry’s biggest operators and investors alike. The most up-to-date numbers show that investors with a staggering $5.4 trillion in assets under... 

Goldcorp falls from top tier of miners as Agnico moves ahead

By: Bloomberg     26th October 2018 Agnico-Eagle Mines is now among the top three gold miners in North America based on market capitalisation, as erstwhile industry darling Goldcorp tumbled 18% Thursday on a “miserable quarter.” The three largest gold miners on the continent are Newmont Mining at $15.7-billion, Barrick Gold at... 

Impending Barrick-Randgold tie-up to create a major force in gold sector

By: Rebecca Campbell     26th October 2018 The merger between Barrick Gold (domiciled in Canada and dual-listed on the New York and Toronto Stock Exchanges) and Randgold Resources (domiciled in Jersey and dual-listed on the London and Nasdaq Stock Exchanges), announced last month and still awaiting shareholder and regulatory approvals,... 

Teck Resources adjusted earnings fall on low commodity prices

By: Reuters     25th October 2018 Diversified miner Teck Resources reported a near 23% drop in third-quarter adjusted earnings on Thursday as prices for the Canadian company's main products fell in the quarter. Teck, the world's second-biggest exporter of steel-making coal, said adjusted profit fell to C$466-million, or C0.81 a... 

Gold merger will create industry 'superpower'

By: Rebecca Campbell     19th October 2018 The merger between Barrick Gold (domiciled in Canada and dual-listed on the New York and Toronto stock exchanges) and Randgold Resources (domiciled in Jersey and dual-listed on the London and Nasdaq stock exchanges), announced last month and still awaiting shareholder and regulatory approvals,... 

TomaGold creates executive chair position

By: Creamer Media Reporter      12th October 2018 Canadian explorer TomaGold, which is in joint ventures with Iamgold and Goldcorp, has created a new role of executive chairperson and appointed Robert Rosner to the position. Rosner will be primarily responsible for overseeing, promoting and facilitating the company’s strategic plans and... 

Barrick's Bristow bet seen as boosting South America revival

By: Bloomberg     28th September 2018 Mark Bristow built a reputation as the developer and operator of lucrative mines in Africa. Now the world’s biggest gold mining company is betting he can do the same in another complex region, South America. The Randgold Resources founder is set to become CEO of Barrick Gold after Barrick said... 

Centenera to buy six Argentina precious metals projects

By: Creamer Media Reporter      6th September 2018 TSX-V-listed Centenera Mining has signed a binding letter agreement granting it the right to acquire up to a 100% interest in six precious metals properties in the Deseado Massif in Santa Cruz, giving the firm a meaningful foothold in the mining and exploration district. The agreement is with an... 

DISPENSING WITH THE NEED FOR DIESEL:

By: Martin Creamer     10th August 2018 Operator Adam Ladouceur is guiding an electric jumbo drill at Goldcorp's Borden underground gold mine project in Canada, which is dispensing with the use of diesel-powered equipment. This quiet battery-powered tunnelling machine is making its way towards gold without lowering air quality. Near... 

Rising profits meet trade fears as commodity producers report

By: Bloomberg     24th July 2018 Investors will probably like most of what they see when energy, mining and farm-products companies report earnings for the most recent quarter. It’s the rest of the year they’re worried about. Commodity bellwethers including Exxon Mobil, Freeport-McMoRan, and Archer-Daniels-Midland are among a... 

Slim's Minera Frisco, Goldcorp agree tie-up in Mexico

By: Reuters     29th June 2018 Minera Frisco, a mining company controlled by Mexican tycoon Carlos Slim, said on Thursday it had struck an exploration agreement in Mexico with a local unit of Canada's Goldcorp in which the two would be equal partners. The agreement was to explore for, and if possible, exploit minerals in... 

Cashed-up bargain hunter SSR is on the prowl for next gold mine

By: Bloomberg     22nd June 2018 Flush with cash and armed with a knack for spotting mines producing below their potential, SSR Mining is on the hunt for more assets. “We want to continue to grow, no question,” John DeCooman, VP of strategy and business development, said in an interview Wednesday. “We’ll continue to look for... 

Lydian to appoint former Goldcorp and Newmont CFO as director

By: Creamer Media Reporter      19th June 2018 TSX-listed Lydian International, which is building the Amulsar gold mine in Armenia, on Tuesday announced that it would appoint gold mining executive Russell Ball as director at its annual general meeting on June 28. Ball is a former executive VP and CFO of gold majors Goldcorp and Newmont Mining. 

Tahoe’s Clayton passes baton to James Voorhees

By: Mariaan Webb     12th June 2018 Precious metals miner Tahoe Resources has appointed mining engineer and founding director James Voorhees as its new president and CEO, succeeding Ronald Clayton, who is retiring on Friday. Voorhees has been a director of the company since its inception in 2010 and he will remain on the board... 

Goldcorp says protest could halt production at Mexico gold mine

By: Reuters     11th June 2018 Canada's Goldcorp said on Monday an ongoing protest blocking entry to its Penasquito mine, one of Mexico's biggest gold producers, could force the company to halt output. The mine, in northern Zacatecas state, produced 476 000 oz of gold last year, comprising 18% of Goldcorp's total production... 

Goldcorp signs IBA with three First Nation communities in Ontario

By: Marleny Arnoldi     6th June 2018 TSX-listed Goldcorp and three First Nation communities – Brunswick House, Chapleau Cree and Chapleau Ojibwe – have signed an impacts and benefits agreement (IBA) with respect to the development and operation of the Borden gold project, near Chapleau, in northern Ontario.  

ICMM releases latest mining safety data of its members

30th May 2018 Today, the International Council on Mining and Metals (ICMM) released its annual safety data report on its member companies (1).  

ICMM is committed to strengthening the health and safety performance of its members and reducing operational fatalities to zero. As part of this commitment we... 

Goldcorp says Peru and Nevada would make portfolio perfect

By: Bloomberg     22nd May 2018 Goldcorp CEO David Garofalo says he’s happy with his company’s portfolio of assets, but that doesn’t mean he doesn’t have a wish list. In an ideal world, the company would have an asset in Nevada’s Carlin Trend. “If you’re an Americas-based gold company, you should be there. Barrick and Newmont... 

Barrick, Goldcorp to convert Pueblo Viejo power plant to natural gas

By: Henry Lazenby     14th May 2018 Barrick Gold and Goldcorp’s Pueblo Viejo Dominicana Corporation (PVDC), in the Dominican Republic, will convert the Quisqueya I power generation facility from heavy fuel oil (HFO) to natural gas, with the expectation of saving about $54/oz of gold produced over the remaining life of the... 

Northwest Territories gets shortest end of straw as mining boosts Nunavut, Yukon economies

By: Henry Lazenby     1st May 2018 A lack of new mining projects in the development pipeline of Canada’s Northwest Territories (NT) is threatening to derail the region’s economic growth outlook, the latest ‘Territorial Outlook’ by The Conference Board of Canada (CBoC) has found. The independent Ottawa-headquartered think tank... 

Goldcorp earnings slide on lower output, sales

By: Henry Lazenby     26th April 2018 Canadian mining major Goldcorp has reported a sharp drop in first-quarter profit, as higher gold prices failed to offset lower production, sales and rising costs. The Vancouver-based miner reported profit of $67-million, or $0.08 a share, which was far removed from the $170-million, or $$0.20 a... 

Goldcorp makes 3 000 oz ‘genesis block’ deposit as first blockchain technology used to store hard assets

By: Henry Lazenby     29th March 2018 Major gold producer Goldcorp has made a 3 000 oz gold deposit into Tradewind Markets’ VaultChain platform, representing a significant milestone for blockchain technology to track and store hard assets. Goldcorp’s deposit reflects the ‘genesis block’ – the first block in a blockchain – and is the... 

Sprott-backed blockchain platform to give gold digital edge  

By: Bloomberg     26th March 2018 Cryptocurrencies and the blockchain were thought by some to replace gold as the ultimate haven against financial calamity. Now the gold market is using blockchain to kick back at crypto and bring precious metals into the digital age. TradeWind Markets, a technology provider backed by Sprott,... 

Leagold’s Los Filos delivers Q4 production of 53 446 oz

By: Nadine James     9th March 2018 TSX-listed Leagold Mining’s Los Filos mine, in Mexico, produced 53 446 oz of gold at an all-in sustaining cost (AISC) of $910/oz in the fourth quarter of 2017.  The company bought the mine from Goldcorp in April 2017. 

'Suds' strategy pays through the drill bit as Osisko aims at replicating Canadian Malartic success

By: Henry Lazenby     8th March 2018 Celebrated Canadian precious metals firm Osisko Mining is aiming to replicate the success of its 9.4-million-ounce Canadian Malartic gold mine discovery – currently Canada's largest producing gold mine – at its flagship Windfall Lake property, located in the Abitibi greenstone belt of Quebec. The... 

Partying with purpose: world's miners drink and deal after dry years

By: Reuters     5th March 2018 While not the premium liquor and prime rib parties of old, miners are laying on the cocktails again after several lean years, booking hotel lounges and nightclubs to twin drinks with deal making. An upbeat tone at the world's biggest mining conference comes as global exploration spending snaps a... 

Acoustic Zoom triumphs in #DisruptMining technology innovation contest

By: Henry Lazenby     5th March 2018 Three-dimensional (3D) drill hole seismic imaging technology innovator Acoustic Zoom has won the second annual #DisruptMining contest. Acoustic Zoom aims to unlock the potential of Canada's mineral exploration sector with high-frequency 3D imaging to help map complex geological formations deep... 

Gold struggling to compete with battery metals

By: Bloomberg     28th February 2018 Gold producers are doing everything they’re supposed to be doing -- squeezing more profit out of mines, penny-pinching on projects and resisting the kind of big deals that got them into trouble when prices fell. While that’s satisfying their large institutional shareholders, it’s not enough to... 

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

By: Henry Lazenby     28th February 2018 The EY Canadian Mining Eye index has showed a fourth-quarter gain of more than 2% quarter-on-quarter, to 4%. The increase in the Canadian Mining Eye index's performance suggests confidence in pursuing growth is returning to the sector, after an extended period of volatility, according to EY. The... 

Agnico Eagle is reviewing cobalt assets after receiving interest

By: Bloomberg     27th February 2018 Agnico Eagle Mines is dusting off cobalt assets in Ontario for potential sale as a global search for the rechargeable-battery ingredient expands amid surging demand. The gold producer is doing an analysis of its Canadian cobalt holdings after receiving five or six inquiries, CEO Sean Boyd said... 

#DisruptMining competition heats up as four finalists named

By: Henry Lazenby     27th February 2018 The #DisruptMining mining innovation challenge has named the four finalists who will compete against each other during the grand finale to be held during the Prospectors and Developers Association of Canada's yearly convention early in March. The yearly competition, hosted by gold miner... 

Lucara buys digital sales platform, refreshes board

By: Megan van Wyngaardt     26th February 2018 Botswana-focused miner Lucara Diamond has acquired Clara Diamond Solutions, a company whose primary asset is a secure, digital sales platform aimed at transforming how rough diamonds are sold. Lucara noted that the platform would unlock value for diamond producers and manufacturers alike. 

Barrick guides for lower output for longer as it works to bolster production profile

By: Henry Lazenby     22nd February 2018 Major miner Barrick Gold has outlined a lower production profile in the coming years as it focuses on developing four major new projects that are expected to lift output by about one-million ounces from 2021 onwards. The Toronto-based company expects to produce between 4.2-million and 4.6-million... 

Attendees set to return to PDAC 2018 Convention

By: Donald Makhafola     16th February 2018 More than 24 000 attendees, including investors and exhibitors from 130 countries, are expected at industry organisation the Prospectors and Developers Association of Canada's (PDAC's) annual PDAC International Convention, Trade Show and Investors Exchange, in Toronto, Canada, from March 4 to 7.... 

Bar one exception, Canadian gold majors' Q4 headline earnings tread water on lower output

By: Henry Lazenby     15th February 2018 Canada's gold majors reported fourth-quarter and full-year 2017 financial results on Wednesday following market close, with headline earnings coming in flat or lower year-on-year, as companies work with smaller, more streamlined production portfolios. The exception was Goldcorp, which put in a... 

'Every area of mining ripe for innovation' – Goldcorp

By: Henry Lazenby     9th February 2018 Every conceivable area of mining is in dire need of technological innovation, major miner Goldcorp tells Mining Weekly Online in an interview. "We are not exactly the most advanced industry in the world, and we're slow in adopting new technologies. Every area is ripe for innovation," Goldcorp's... 

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