Global Mining News in real time


PearTree appoints new president, head of mining

By: Sashnee Moodley PearTree Securities, a subsidiary of PearTree Financial Services, the originator of flow through donation financing in Canada, has appointed Trent Mell PearTree president and head of mining.  

North American Palladium lifts Lac des Iles reserves and resources

By: Henry Lazenby Canadian palladium producer North American Palladium (NAP) rose almost 19% on Wednesday on the TSX after it reported sizeable increases to both the compliant reserves and resources at its flagship Lac des Iles property, in north-western Ontario. The Toronto-headquartered company reported reserves... 

North American Palladium expects to hit full-year guidance

By: Henry Lazenby Canadian palladium producer North American Palladium (NAP) on Thursday reported strong output from its Lac des Iles (LDI) mine, in Thunder Bay, Ontario, for the fourth-quarter so far, prompting it say it will reach its full-year guidance. NAP on Thursday reported that output for October and... 

North American Palladium aims to lift 2014 output, slash capex 

By: Henry Lazenby Toronto-based North American Palladium (NAP) on Tuesday said it planned to boost its payable palladium production to between 170 000 oz and 175 000 oz, while dropping its capital investment budget to $30-million and its exploration budget to $4-million. The TSX-listed miner said it expected... 

Maudore inks milling agreement with Abcourt Mines

By: Henry Lazenby Quebec-based Maudore Minerals on Friday announced that its subsidiary Aurbec Mines has entered into a custom-milling agreement to treat ore from gold miner Abcourt Mines' Elder mine at Aurbec’s Sleeping Giant mill. The Elder mine is located near Rouyn-Noranda, Quebec, and the ore would be trucked... 

Maudore mine-down plan interrupted as workers down tools

By: Henry Lazenby Gold junior Maudore Minerals’ plan to place its advanced-stage Vezza project on care and maintenance has been delayed as its main contractor pulled its crews from the project earlier than planned, owing to a dispute over efforts to renegotiate contractual payment terms as work draws to a close.... 

NAP secures funds for Ontario mine expansion

By: Henry Lazenby Canadian palladium producer North American Palladium (NAP) has secured two financings and has extended a line of credit to fund the progressing expansion of its Lac des Iles (LDI) mine, in Ontario. The company on Friday said it had closed a $130-million term loan financing with investor... 

Maudore Minerals pours first gold from recently acquired Quebec mine

By: Henry Lazenby TSX-V-listed Maudore Minerals has poured its first two gold bars for about 945 oz from the Sleeping Giant gold mill and adjacent tailings facility, in Quebec, after acquiring a subsidiary of North American Palladium (NAP), NAP Gold, for $18-million in cash and 1.5-million common shares in March.... 

Maudore Minerals acquires Quebec gold mill and assets

By: Henry Lazenby Gold project-development junior Maudore Minerals has acquired the Sleeping Giant gold mill and adjacent tailings facility, in Quebec, through acquiring a subsidiary of North American Palladium (NAP) for $18-million in cash and 1.5-million common shares. Maudore on Monday said as a result of its... 

NAP to raise C$35m for Ontario palladium mine

By: Henry Lazenby Precious metals producer North American Palladium (NAP) on Wednesday said it had entered into an agreement with a syndicate of underwriters co-led by Scotia Capital and RBC Capital Markets to raise C$35.03-million, by selling 11.3-million flow-through shares at C$3.10 apiece. The proceeds from... 

NAP boosts Q1 palladium production by 36%

By: Matthew Hill North American Palladium, the continent’s second-biggest producer of the metal used in vehicle exhaust systems, said on Tuesday it mined 41 760 oz in the first quarter, at a cash cost of $380/oz. CEO William Biggar said the performance of the company’s sole producing mine, Lac des Iles, located... 


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