Ontario wildfires cut mines’ power supplies, output suspended

Seasonal forest fires had cut the power supply to at least two gold mines in north-east Ontario, Canada, with miners AuRico and Kirkland Lake Gold on Monday reporting disruptions to their main power supplies. AuRico said a forest fire located...

Lapa mine, Canada

An underground mine situated in Canada.

Mining explosives maker benefitting from gold boom

The surge of mining and exploration activity rampant gold prices have brought to north-eastern Ontario have proved a double-edged sword for small explosives firm Nordex, which is listed on the TSX-V. On the one hand, business has been brisk for...

Canada, US mining camps seeing investment 'renaissance'

Investment in mining projects and operations in Canada and the US are undergoing something of a renaissance, Wellington West Capital Markets analyst Paolo Lostritto said on Monday. “There's been a resurgence in North America, in terms of...

Kirkland Lake hit new output record in August, on track for target

TSX- and Aim-listed Kirkland Lake Mining set a new production record in August, at 9 390 oz, and is on schedule to achieve its target of between 90 000 and 100 000 oz in its current financial year, the company said on Tuesday. Kirkland Lake...

Kirkland Lake boosts Ontario gold resource

TSX- and Aim-listed Kirkland Lake Gold has increased the gold resource estimate at its Ontario properties, and also boosted reserves at the higher-grade South Mine Complex section. Total measured and indicated resources rose 28%, to about...

Kirkland Lake targets as much as 200 000 oz/y by FY 2013

TSX- and Aim-listed Kirkland Lake Gold expects to boost production to between 180 000 oz/y and 200 000 oz/y of gold by its 2013 financial year, the company said on Monday. Kirkland Lake, which reports its fiscal year beginning on May 1, has...

Kirkland Lake will raise C$25,3m, makes progress on paste fill hole

TSX- and Aim-listed Kirkland Lake Gold will raise at least C$25,27-million in a bought-deal financing, the firm announced on Tuesday. The company has entered into an agreement with Wellington West Capital Markets to sell 3,1-million units at a...

South Mine gives Kirkland Lake gold output a boost

Canadian junior Kirkland Lake Gold doubled gold production during the fourth quarter, boosting output to 20 411 oz, compared with the 10 081 oz recorded in the third quarter. The production recorded for the fourth quarter was also up by 45%, when...

Kirkland Lake says South Mine Complex gold reserves up

Canadian gold-miner Kirkland Lake Gold has delivered a 28% increase in proven and probable ounces and a 28% increase in measured and inferred resources at its recently discovered South Mine Complex (SMC), at the Kirkland Lake project, in Ontario....

Obstruction affects mining at Kirkland Lake

TSX- and Aim-listed Kirkland Lake Gold has encountered an unexpected obstruction blocking the pastefill borehole above level 34 of its Ontario gold mine, and expects that production could be affected possibly until September. Efforts to clear the...

Kirkland Lake Gold reviews plan to fast-track development

Canadian junior Kirkland Lake Gold is working on a review of the first and second phases of development at its Ontario operations, and plans to present a “combined and fast-tracked” project plan to the board for approval by mid-year. The new...