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Topic

Surge to create copper/gold spin-off company

By: Marleny Arnoldi     11th January 2019 TSX-V-listed Surge Exploration has approved, in principle, a strategic reorganisation of the company’s assets, in which the company would spin off its interests in the copper/gold Hedge Hog and Mineral Mountain exploration projects in British Columbia, into a newly incorporated subsidiary called... 

Updated resource estimate significantly increases Landore’s BAM gold resource tonnages

By: Tasneem Bulbulia     8th January 2019 An updated mineral resource estimate on the BAM gold deposit at London-listed Landore Resources’ Junior Lake Property, in Ontario, Canada, has significantly increased the deposit’s gold resource to 28.83-million tonnes at 1.03 g/t gold for 951 000 oz of gold, including 20.20-million tonnes at... 

If you can't pipe it, refine it: Alberta seeks oil glut solution

By: Bloomberg     7th January 2019 What’s worse: Too much oil, or too much gasoline? The government of Alberta, weighing the potential of a new refinery for the province, may be on its way to finding out. In 2018, surging crude production in the Canadian province ran into limited space on export pipelines, creating bottlenecks and... 

Alamos meets quarterly guidance

By: Mariaan Webb     2nd November 2018 Canada-based Alamos Gold produced 124 000 oz of gold in the third quarter, which is in line with its guidance and 16% above the third quarter of 2017, reflecting the inclusion of the Island Gold mine, which it bought earlier this year. Year-to-date production hit a record of 379 400 oz – 23%... 

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,... 

Great Bear raises C$3.5m for Dixie exploration

By: Creamer Media Reporter      29th October 2018 TSX-V-listed Great Bear Resources has announced a C$3.5-million private placement of shares at C$3.5 each, for further exploration at its Dixi project, in Ontario. The company entered into an agreement with Cormark Securities, pursuant to which Cormark has agreed to purchase one-million common... 

Ribbon cutting for Ontario’s first gold mine in a decade

By: Creamer Media Reporter      25th October 2018 Harte Gold has officially opened Ontario’s first gold in ten years, with a grand opening and ribbon cutting ceremony, attended by Premier Doug Ford, for the Sugar Zone gold mine. Ford said in a statement that the opening of the mine signalled that Ontario was open for business. “It shows that... 

Arc exits Indonesia JV to focus on Ontario project

By: Esmarie Iannucci     19th October 2018 ASX-listed junior Arc Exploration has inked a binding sales agreement to divest of its joint venture (JV) interest in the Trenggalek copper/gold project, in East Java, Indonesia. The company has sold its interest to JV partner PT Sumber Mineral Nusantara for A$100 000, saying on Friday that the... 

Explorer Central Timmins lists on TSX-V

By: Creamer Media Reporter      17th October 2018 Ontario explorer Central Timmins Exploration has listed on the TSX-V this week, after closing its initial public offering (IPO), which raised C$1.5-million. The junior, which has assets prospective for gold and base metals in the Porcupine mining district, offered 15-million common shares at... 

Osisko’s acquisition of Beaufield to close by end of the week

By: Creamer Media Reporter      15th October 2018 The takeover of Beaufield Resources by Osisko Mining is likely to close on Friday, following last week’s shareholder approval, in which 98% of shareholders present at a meeting voted in favour of the transaction. The completion of the arrangement, announced in August, remains subject to the... 

Detour offers Paulson seat on board, 'disagreed' on sale

By: Bloomberg     15th October 2018 In an effort to ease an increasingly acrimonious standoff with one of its investors, Detour Gold says it’s offering Paulson & Co. a list of concessions, including a spot on the board and a pledge to consider any “new” ideas the hedge fund brings forward. “We know the heavy expense and... 

Rusoro accepts Venezuela settlement proposal

By: Mariaan Webb     12th October 2018 Mining junior Rusoro, which has won a major victory in its international arbitration complaint against Venezuela, has agreed on the terms of a settlement proposal with the South American nation’s government. Rusoro said that Venezuela would pay more than $1.28-billion to acquire the company’s... 

First Cobalt eyes restart of Canadian refinery

By: Esmarie Iannucci     11th October 2018 Dual-listed First Cobalt has undertaken three independent studies to assess restarting its refinery in Ontario, Canada. The First Cobalt refinery was commissioned in 1996, and has a nominal throughput capacity of between 12 t/d and 24 t/d. 

BC market regulator settles with Nickel One president

By: Creamer Media Reporter      5th October 2018 The British Columbia Securities Commission (BCSC) has reached a settlement agreement with the president of a junior mineral exploration company that filed a deficient technical report. Carl Vance Loeber is the president and a director of Nickel One Resources, a junior mineral exploration company... 

Gatling Exploration to start trading next week

By: Mariaan Webb     4th October 2018 Newly incorporated Gatling Exploration, which owns the Larger Lake property that Bonterra Resources spun out during its merger with Metanor Resources, will start trading on the TSX-V under the symbol GTR next week. The listing follows the closing on September 24 of a plan of arrangement between... 

MacLean acquires Sudbury underground test facility

By: Creamer Media Reporter      3rd October 2018 MacLean Engineering (“MacLean”) has purchased the former MTI test facility on Magill Street in the Lively neighbourhood of Sudbury, Ontario, less than a 10-minute drive from the MacLean Sales, Service and Support Centre on Kelly Lake Road. The property includes an approximately 300-metre... 

Harte Gold's Sugar Mill mine fully permitted

By: Creamer Media Reporter      23rd September 2018 Ontario’s first high-grade gold mine in more than a decade is about to start commercial production, junior miner Harte Gold said this week, announcing that it has received the necessary permits to mine, process ore and pour gold on site. The permitting of the Sugar Zone mine has been a lengthy... 

Serabi fills new COO position with Brazilian national

By: Creamer Media Reporter      20th September 2018 Brazil-focused gold mining and development company Serabi on Thursday announced the appointment of Roney Almeida to the newly established position of COO. Almeida, a Brazilian national and resident in Belo Horizonte, will report to Serabi CEO Mike Hodgson. 

Beaufield CEO resigns

By: Creamer Media Reporter      17th September 2018 Quebec- and Ontario-focused explorer Beaufield Resources has announced the resignation of its president and CEO, Ronald Stewart, who is leaving the company to “pursue other opportunities”. His resignation is effective with immediate effect, the TSX-V-listed exploration firm said on Friday. 

Sprott takes stake in Wallbridge

By: Mariaan Webb     17th September 2018 Precious metals investor Eric Sprott has increased its shareholding in TSX-listed Wallbridge Mining through a nonbrokered private placement raising C$3.9-million. "We are pleased to have a gold investor such as Eric Sprott as one of our large shareholders. Eric is very familiar with high-grade... 

Global Energy sets sight on US cobalt project

By: Mariaan Webb     12th September 2018 Cobalt-focused Global Energy Metals is set to acquire a past-producing mine and project that are about 150 km from the gigafactory that electric vehicle manufacturer Tesla is building in Sparks, Nevada. Global Energy, which already owns the Werner Lake cobalt mine in Ontario, Canada, and an... 

Ultra Lithium buys property adjacent to its Lucky Lake claim

By: Creamer Media Reporter      12th September 2018 TSX-V-listed explorer Ultra Lithium has entered into an agreement with fellow-listed International Lithium to buy the Forgan Lake lithium property, in the Thunder Bay, north-western Ontario. The Forgan Lake property, consisting of about 256 ha land in 16 units, comprises one legacy claim... 

McEwen reports encouraging exploration results from Canada, US projects

By: Marleny Arnoldi     7th September 2018 NYSE- and TSX-listed precious metals producer McEwen Mining has reported an updated mineral resource estimate for the Froome deposit and “highly encouraging” exploration results from its ongoing $15-million exploration programme at the Black Fox Complex, in Ontario, Canada. The Froome indicated... 

McEwen invests in explorer Great Bear

By: Mariaan Webb     27th August 2018 Precious metals miner McEwen Mining and its chief owner Rob McEwen will invest a combined $6-million in Ontario explorer Great Bear Resources, which last week announced a high-grade gold discovery in the Red Lake district. Rob McEwen has agreed to purchase $4.8-million and McEwen Mining... 

South Africa should set out with iron will to achieve benchmarks of world’s top mining jurisdiction

By: Martin Creamer     24th August 2018 Way before the new millennium, leading South African gold mining companies organising secondary listings on global stock exchanges would say how determined they were to meet the so-called Ontario benchmark, a safety level attained by Canadian mining companies that became the Holy Grail for... 

Systematic Ground Support – The Ontario Example

23rd August 2018 The pursuit of zero harm is at the top of the agenda for all members of the global mining community.  A safe mine brings many benefits including higher productivity, reduced down time, fewer accidents, a stronger social license to operate, and a better overall reputation for a mining company.... 

Great Bear’s shares spike on high-grade gold discovery

By: Mariaan Webb     23rd August 2018 The share price of TSX-V-listed explorer Great Bear Resources spiked 64% on Wednesday, after the company announced a new high-grade gold discovery in the Hinge zone of its Dixie project, in the Red Lake district of Ontario. Drill results in hole DHZ-003 returned 16.35 m of 26.91 g/t gold,... 

Avalon plans smaller scale Ontario lithium project

By: Mariaan Webb     23rd August 2018 TSX-listed junior Avalon Advanced Materials has outlined a new preliminary economic assessment (PEA) for its Separation Rapids Lithium project, which simplifies the Kenora, Ontario-based project to initially produce lithium mineral concentrates, with the potential for later expansion to produce... 

On-The-Air (17/08/2018) 

By: Martin Creamer     17th August 2018 Yet another huge mine is in serious financial trouble, which is throwing up the dread of more mass retrenchment. South Africa should adopt the growth model that has proved so resoundingly successful for the economy of Canada. The Constitutional Court should be called upon to lift the veil of... 

Canada Cobalt produces first cobalt sulphate from Castle mine

By: Schalk Burger     17th August 2018 TSX-listed Canada Cobalt Works produced the first premium-grade cobalt sulphate from its 100%-owned Castle mine, in Northern Ontario, using its proprietary Re-2OX process.  President and CEO Frank Basa said in a statement on Thursday that pilot plant production of cobalt/nickel-rich gravity... 

Osisko buys in Québec- and Ontario-focused Beaufield

By: Creamer Media Reporter      15th August 2018 TSX-listed mine developer Osisko Mining announced on Tuesday that it had entered into a definitive agreement to buy TSX-V-listed explorer Beaufield Resources by way of a statutory plan of arrangement. Osisko president and CEO John Burzynski said that the proposed transaction should provide... 

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... 

First Mining grants Gainey option over Mexico property

By: Marleny Arnoldi     3rd August 2018 TSX-V-listed Gainey Capital has signed an option agreement to earn a 100% interest in TSX-listed First Mining Gold’s Las Margaritas gold prospect, in Mexico. The project comprises two mineral concessions encompassing a total of 500 ha.  

Canada to soften carbon tax as firms fret about US competition

By: Reuters     2nd August 2018 Canada will soften the impact of a planned carbon tax on major emitters of greenhouse gases after businesses complained it would make them less competitive with the United States, officials said on Wednesday. The move underlines the challenges facing Canada as it tries to deal with Washington... 

McEwen appoints new COO as Ochoa resigns

By: Creamer Media Reporter      1st August 2018 Gold and silver miner McEwen Mining has appointed senior executive Chris Stewart as president and COO with effect from September 1, succeeding Xavier Ochoa who resigned last month to pursue an opportunity closer to his family in South America. Stewart has 25 years of diversified experience in... 

Kirkland Lake chases higher FY target

By: Mariaan Webb     1st August 2018 A strong first-half performance from the Fosterville and Macassa mines has provided Toronto-based Kirkland Lake Gold with enough confidence to increase its consolidated full-year production guidance by 15 000 oz to more than 635 000 oz. The miner produced 312 329 oz in the first six months of... 

Barrick Gold is the undisclosed bidder for Detour Gold

By: Bloomberg     23rd July 2018 Barrick Gold is the undisclosed gold miner that was asked to sign a confidentiality agreement alongside activist investor John Paulson to discuss potentially buying Detour Gold, according to people familiar with the matter. While Barrick’s level of interest in Detour is unclear, neither Paulson... 

Detour Gold to enhance board, outlines 'next steps' in building value

By: Mariaan Webb     20th July 2018 Fresh from a week of public disagreements with hedge fund Paulson & Co, Ontario miner Detour Gold on Friday issued a statement detailing the “next steps” in building value for its shareholders, addressing issues around potential offers, an update on the CEO search and enhancements to the board.... 

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