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Gowest aims to unlock refractory gold potential of legendary Timmins Camp

By: Henry Lazenby     14th November 2017 Little-known exploration and development company Gowest Gold is preparing to become the newest gold producer in the legendary Timmins Gold Camp, which, since its discovery in the early 1900s, has produced almost half of all the gold mined in Canada. The TSX-V-listed company is moving its North... 

McEwen Mining targeting acquisition spree to get S&P listing

By: Reuters     8th November 2017 McEwen Mining is on a buying spree as the Canadian gold company aims to grow its market capitalisation by more than five times to achieve its ambition of a listing on the S&P 500, chief owner Rob McEwen said on Tuesday. The Toronto company is seeking to buy several assets, ideally distressed... 

Tahoe goes into damage control after flagship mine suspended

By: Bloomberg     14th July 2017 Tahoe Resources, whose flagship Guatemalan mine has been suspended, is taking steps to cut costs, including possibly slowing an expansion of a project in Peru and trimming exploration. The Reno, Nevada-based company may also discuss halting its dividend at an August board meeting and might slow... 

A catalyst for innovation, Goldcorp pushes the envelope on technological advances

By: Henry Lazenby     11th March 2017 Canadian gold major Goldcorp is acting as a catalyst to bring innovation into the mining industry, an industry traditionally loathe to adopt new technologies that could ultimately improve the bottom line. As exemplified in its leading role in sponsoring the #DisruptMining competition during the... 

McEwen Mining to buy Lexam VG

By: Henry Lazenby     13th February 2017 Precious metals miner McEwen Mining will acquire Lexam VG Gold under a plan of arrangement in an all-scrip deal valued at about $54-million. McEwen Mining will pay a 30% premium to Lexam shareholders based on the TSX-listed stock’s 30-day volume weighted average price on Friday. The acquisition... 

Porcupine mine, Canada

By: Sheila Barradas     10th February 2017 A gold mine in Timmins, Ontario, Canada. 

Canadian mining darling finds gold in projects no one wants

By: Bloomberg     19th January 2017 When Paul Andre Huet became chief executive officer of Klondex Mines in 2012, he says the Canadian gold miner had just $400 000 in cash, one asset and $7-million in invoices. “We never declared bankruptcy but on our financials we were literally done,” says Huet, who made the leap to the... 

Tahoe shares rise on the back of record H1 revenue, cash flow per share

By: Henry Lazenby     10th August 2016 TSX- and NYSE-listed midtier precious metals producer Tahoe Resources has reported record revenues and cash flow per share for the six months ended June 30, sending its NYSE-listed stock up 9% on Wednesday to a new 52-week high. The Vancouver-headquartered company, with operations in Guatemala,... 

Glencore's Kidd ops and Raglan mine sweep MAC’s sustainable mining awards

By: Creamer Media Reporter      3rd May 2016 Glencore's Kidd operations and Raglan mine were recognised by the Mining Association of Canada (MAC) on Monday, receiving Towards Sustainable Mining (TSM) excellence awards at the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) awards gala, in Vancouver. According to MAC, Glencore's... 

Tahoe and Lake Shore announce business tie-up

By: Henry Lazenby     8th February 2016 Canadian precious metals producers Tahoe Resources and Lake Shore Gold have agreed to combine their businesses, paving the way for the establishment of one Americas-focused miner with a strong diversified production platform, anchored by growing low-cost operations in Peru and Ontario and the... 

Primero reports strong start to year owing to San Dimas

By: Henry Lazenby     7th May 2015 Precious metals producer Primero Mining reported a strong start to the year, as better-than-expected performance by the company’s cornerstone San Dimas mine, in Mexico, underpinned a significant production and cost improvement. The TSX- and NYSE-listed miner on Wednesday said it’s headline... 

Lake Shore aiming to produce $15m to fund exploration

By: Creamer Media Reporter      19th November 2014 Canada-based gold producer Lake Shore Gold on Wednesday announced that it expected to generate gross proceeds of about $15-million through a brokered private placement of 12.9-million flow-through common shares to be offered on a bought deal basis at $1.17 apiece. The funds raised from the... 

Walbridge generates revenue from Broken Hammer mine, Ontario

By: Henry Lazenby     24th September 2014 TSX- and Frankfurt Stock Exchange-listed Wallbridge Mining on Wednesday reported revenue of $4.7-million from the Broken Hammer copper/platinum-group metals (PGMs) project, in Ontario. The junior said it had last month achieved the targeted production rate of 800 t/d at the mine and at the... 

New technology assisting Canadian miners 

By: Ilan Solomons     19th September 2014 Global contractor and engineering firm Redpath says its battery-powered mechanised raise-climber system and Wi-Fi communications for shaft sinking system, introduced to the Canadian mining industry in January, have been well received, as they improve mine safety and simplify mining operations.... 

Wallbridge strikes definitive custom milling agreement

By: Henry Lazenby     24th March 2014 Wallbridge Mining, which last week made the decision to develop its flagship Broken Hammer copper/platinum group elements project near Sudbury, Ontario, on Monday reported that it had struck a definitive custom milling accord with Northern Sun Mining. Under terms of the agreement, TSX-listed... 

Excellon ahead of peers, actively pursuing new opportunities

By: Henry Lazenby     16th October 2013 Mexico’s highest-grade, lowest-cost silver producer Excellon Resources is comfortably steaming ahead of its peers, even in the currently difficult silver price environment, In a recent interview, CEO Brendan Cahill told Mining Weekly Online that the company had moved on from the troubles that... 

Brigus Gold lifts output from Ontario mine

By: Henry Lazenby     9th October 2013 Halifax, Nova Scotia-based Brigus Gold has lifted its third-quarter gold output from the Black Fox mine in Timmins, Ontario, 17% quarter-on-quarter, placing the company on track to achieve its full-year guidance. During the quarter ended September 30, Brigus produced 27 174 oz of gold, bringing... 

SAS reports 'solid' Q4, full-year performance, costs decline

By: Henry Lazenby     15th February 2013 Ontario-focused gold producer St Andrew Goldfields (SAS) on Thursday reported fourth-quarter net earnings attributable to shareholders of $12.6-million or $0.03 a share, 2.3% lower when compared with net income of $12.9-million or $0.04 a share a year earlier, despite improved production.... 

Goldcorp opens Toronto bourse to celebrate Timmins century

By: Henry Lazenby     1st October 2012 Canadian miner Goldcorp on Monday ceremoniously opened the Toronto bourse in recognition of the integral historical role its Porcupine Gold Mines (PGM) had played in developing the century-old City of Timmins, in northern Ontario. PGM GM Marc Lauzier was invited by Timmins mayor Tom Laughren to... 

Lake Shore on track for 2012 production target – CEO

By: Megan van Wyngaardt     5th July 2012 TSX-listed Lake Shore Gold CEO GOLD said on Wednesday the company expected to achieve its full-year production forecast, with second-quarter output coming in near the top of its 20 000-oz to 25 000-oz target range. June-quarter gold production totalled 24 426 oz, with 183 215 t ore milled at... 

Lake Shore says worker killed at Timmins West mine

By: Matthew Hill     3rd April 2012 Canadian gold producer Lake Shore Gold said a worker who was part of a crew heading development underground, died at its Timmins West mine in northern Ontario. Full details of the accident were unknown, and the Ontario Provincial Police, the Ministry of Labour and the company’s management were... 

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