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Mines.
A great deal of exploration, assessment and consideration of logistical details must occur before a mine can begin operation—and once it does, there are many things that can impact its success. In Canadian Mining & Energy, we look at t...
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Osisko Gold Royalties to acquire Barkerville Gold Mines
Osisko Gold Royalties announced a definitive agreement to acquire all remaining shares of Barkerville Gold Mines for C$338 million, representing a 44% premium. The deal gives Osisko full control of the Cariboo Gold Project in British Columbia's historic Wells-Barkerville mining camp.
Two of Ontario’s largest industrial and engineering firms partner with Noront
Noront Resources announced strategic partnerships with Algoma Steel and Hatch Ltd. to advance Ring of Fire development in Ontario. The agreements include a 99-year lease option for a ferrochrome production facility in Sault Ste. Marie and engineering services for the Eagle's Nest and chromite projects. These partnerships represent a significant step toward developing one of Canada's most important emerging mineral districts.
Osisko announces sale of Brucejack Offtake to Pretium
Osisko Gold Royalties sold its Brucejack gold offtake contract to Pretium for US$41.3 million, eliminating a low-margin contract and freeing up working capital for new investments. The sale is expected to close on September 30, 2019, with payments split between closing and November 2019.
Pretivm repurchases 100% of Gold Offtake Agreement; exploration update
Pretium Resources completed the repurchase of its 100% gold offtake agreement for approximately $80 million, eliminating all components of its 2015 construction financing package. The company also reported encouraging deep exploration results at Brucejack showing potential for porphyry-style mineralization and high-grade silver-copper intersections at the A6 Zone on its Bowser Claims.
Teck named to 2019 Dow Jones Sustainability World Index
Teck Resources has been named to the Dow Jones Sustainability World Index for the 10th consecutive year, ranking as the top mining company globally based on economic, social and environmental performance. The company scored highest in the industry across multiple sustainability categories including supply chain management, biodiversity, and corporate citizenship.
Matrix and Athabasca Catering announce their partnership to bolster the resource sectors
Matrix, a national camp and logistics provider, has partnered with Athabasca Catering to offer comprehensive remote site services to mining and resource companies. The partnership creates a one-stop solution combining Matrix's camp operations and aviation services with Athabasca's catering and hospitality expertise for remote work sites.
Fireweed drills Wide Zones at Tom East and Tom North
Fireweed Zinc reported additional drill results from its Tom East and Tom North zones at the Macmillan Pass Project in Yukon. Tom East continues to deliver high-grade intersections including a previous result of 16.4m grading 21.14% zinc, while Tom North shows potential for open-pit mining with mineralization over 500 metres strike length. The results support potential expansion of current mineral resources and improvement of project economics.
Brazil adopts Canada’s Towards Sustainable Mining Initiative
Brazil's national mining association IBRAM has adopted Canada's Towards Sustainable Mining (TSM) initiative, becoming the seventh country to implement this environmental and social responsibility standard. The adoption comes as a response to Brazil's recent tailings dam failures and will be implemented across IBRAM's 130 member companies over the next five years.
Rock Star: Sohail Nazari, business development manager at Andritz Inc.
Sohail Nazari, business development manager at Andritz Inc., helped lead his team to victory at Goldcorp's 2019 #DisruptMining competition with AI technology for mining plant control. The Andritz Automation team developed artificial intelligence that learns optimal operating points for mining processes, including startup, shutdown, and emergency response procedures.
Teck announces Dominic Barton to step down from Teck Board
Teck Resources announced that Board Chair Dominic Barton is stepping down immediately to become Canada's Ambassador to China. Sheila Murray will serve as acting Board Chair while the company searches for a permanent replacement.
Monarch Gold and Probe Metals announce substantial increase in resource estimate at Monique Gold
Monarch Gold Corporation announced a substantial increase in the mineral resource estimate for its Monique gold property near Val-d'Or, Quebec, with current inferred resources of 107,500 tonnes at 4.88 g/t gold for 16,850 ounces. Probe Metals can earn a 60% interest by spending $2 million on exploration, and management believes the deposit has potential to become a new million-ounce gold deposit in the Abitibi mining camp.
Pulsating maple leaf coin another world-first
The Royal Canadian Mint unveiled breakthrough numismatic technology with the Pulsating Maple Leaf coin, featuring sub-millimeter mirrors that create an optical illusion of the maple leaf expanding and contracting. The mint also launched multiple commemorative silver and gold coins including the first non-circular coin shaped like a loon.
Future of Mining Americas returns to Denver with a focus on digitization, innovation and the future
The Future of Mining Americas conference returns to Denver October 21-22, 2020, focusing on digitization, innovation and sustainability across the mining lifecycle. Over 250 industry professionals are expected to attend sessions covering technology integration, community relations, and talent development challenges.
VanadiumCorp launches 8,500m infill and extension drilling program at its Lac Doré Vanadium Project
VanadiumCorp has launched an 8,500-meter drilling program at its Lac Doré Vanadium Project in northern Quebec, the first comprehensive drilling since 1979. The program targets a 2-kilometer-long zone of vanadiferous titanomagnetite mineralization and aims to establish a mineral resource estimate in compliance with NI 43-101 standards.
Alberta coal mine reclamation project to provide green energy source
Alberta Innovates is investing $1.5 million in the BIOSALIX demonstration project to reclaim the Paintearth coal mine near Forestburg by using municipal organic waste to grow willow biomass for renewable energy. The circular economy initiative has total funding of $10.5 million from federal, provincial and industry partners.
Orano Canada announces new CEO
Orano Canada announced Jim Corman as new CEO effective September 1, 2019, replacing Vincent Martin who will retire after 37 years with the company. Corman brings 34 years of uranium mining experience and was previously involved in developing the McClean Lake project, which operates the only uranium mill capable of processing ore grades 100 times the world average.
Etruscus mobilizes for drilling as “Bulls-Eye” targets are outlined at Rock & Roll Project
Etruscus Resources is mobilizing crews for Phase 1 drilling at its Rock & Roll Project in B.C.'s Eskay Camp, targeting shallow VMS deposits at 100-200 meter depths. Geophysical reinterpretation by Dr. Jules Lajoie has identified high-priority conductors over a 3 sq km area that may represent massive sulphides rather than previously assumed graphite. The company believes this changes 30 years of geological thinking about the project.
EY Canadian Mining Eye index sees continued positive trends in second quarter
EY's Canadian Mining Eye index showed continued growth in Q2 2019, driven by strong gold performance with prices up 9%. Base metals faced headwinds with copper and zinc declining, though supply constraints and electrification trends are expected to support future demand.
KORE announces $3 million strategic investment by Eric Sprott
KORE Mining announced a $3 million private placement fully subscribed by renowned precious metals investor Eric Sprott, who will acquire 10 million shares at $0.30 each. The financing will fund work on KORE's gold portfolio in California and British Columbia, with Sprott holding 11.3% of the company upon completion.
Maverix Metals completes acquisition of additional royalty on the Hope Bay Mine
Maverix Metals completed the acquisition of an additional net smelter return royalty on the Hope Bay gold mine in Nunavut, bringing its total royalty position to 2.75% NSR. The Hope Bay mine, operated by TMAC Resources, is expected to produce over 160,000 ounces of gold in 2019 and contains significant measured and indicated resources of 4.81 million ounces at 8.3 g/t Au.
Royal Canadian Mint continues wildly popular bullion series with Grizzly theme on new silver coin
The Royal Canadian Mint has launched the fourth coin in its popular "Predator" bullion series, featuring a grizzly bear design on a 1 oz., 99.99% pure silver coin. The coin was announced at the American Numismatic Association's 2019 World's Fair of Money in Chicago and is now shipping to official bullion distributors.
Far Resources completes option on their Green Bay Property, Manitoba
Far Resources has completed final payment obligations to secure 100% interest in its Green Bay Option claims, consolidating the entire 3,603-hectare Zoro Lithium Project near Snow Lake, Manitoba. The property hosts a 43-101 compliant inferred resource of 1.07 million tonnes at 0.91% Li2O and contains 13 discovered lithium-bearing pegmatite dykes with grades up to 6.3% Li2O.
Azincourt Energy plans Phase Two Drill Program at East Preston Uranium Project
Azincourt Energy announced plans for a Phase Two drill program at its East Preston uranium project in Saskatchewan's Athabasca Basin, comprising 2,000-2,500 meters of drilling with a $1.2 million budget for winter 2019-2020. The company has identified multiple high-priority conductor systems with 15+ kilometers of strike length and confirmed prospectivity through initial drilling that showed similar geology to major uranium deposits.
Top active mines in Ontario
Ontario's 36 active mining operations generated $15.7 billion in mineral production value in 2023. The report provides a comprehensive overview of the province's key gold, nickel, and copper mining operations with updated ownership and production data.
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