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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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Silver Bear files amended Mangazeisky Silver Project technical report
Silver Bear Resources filed an amended technical report for its Mangazeisky Silver Project in Russia following an Ontario Securities Commission review. The updated feasibility study shows increased initial capital costs from US$50 million to US$65 million, while the pre-tax NPV decreased to US$88 million with a 48.2% IRR for the Vertikalny deposit.
Teck Steelmaking coal price guidance issued: volume up—prices slide
Teck Resources provided Q3 2017 guidance showing increased steelmaking coal sales volumes of 7.2-7.5 million tonnes, up from previous guidance of at least 7.0 million tonnes. However, the company expects to realize lower average prices of US$158-163 per tonne compared to the quarterly index price of US$170 per tonne.
Metallis commences drilling at Kirkham Property in Eskay Camp
Metallis Resources commenced its 2017 drilling program at the Kirkham Property in BC's Golden Triangle, focusing on the Cliff target where surface mineralization has been traced for 1.4 km. The company is drilling gold-rich copper porphyry zones near historical hole MD-09-01, which showed increasing gold and copper grades with depth.
Towards Zero Water
Goldcorp Inc. launched its Towards Zero Water (H2Zero) initiative aimed at eliminating water consumption at its mines within 10 years. The company is focusing on developing new crushing and grinding technologies that don't require water, along with improved tailings dewatering through its Eco-Tails Research program.
Wesdome announces 300W drilling update: continues up-plunge
Wesdome Gold Mines reported high-grade gold drilling results from the 300W area at its Eagle River Mine, with the best intercept returning 48.14 g/t Au over 1.82m true width. The zone has been traced 300 metres up-plunge and remains open, with grades above existing mine reserves supporting near-term production expansion plans.
Hochschild Mining joins forces with Cobalt Power Group
Hochschild Mining has agreed to invest $500,000 USD in Cobalt Power Group through a private placement, gaining board representation and the right to joint venture one of CPO's cobalt properties in Ontario. The strategic partnership brings Hochschild's 60+ years of mining experience to CPO's cobalt exploration assets near the historic Cobalt, Ontario mining district.
Independence Gold commences drilling on Boulevard, Yukon
Independence Gold has commenced a 1,500-metre diamond drilling program on its Boulevard Project in Yukon's White Gold District, following up on high-grade gold results from previous reverse circulation drilling. The program targets quartzite horizons with cross-cutting mineralized quartz veins, with previous holes returning up to 15.0 g/t Au over 3.1m.
Monarques Gold intercepts multiple gold-bearing zones in the western extension of Diorite A
Monarques Gold reported strong drilling results from its Simkar Gold property in Quebec, with multiple high-grade gold intercepts including 23.20 g/t Au over 0.4 metres. The 2,500-metre program successfully extended the known Diorite A gold zone westward, confirming mineralization to 600 metres depth.
Rock Tech provides update on field program, stakes additional claims at Georgia Lake Lithium Project
Rock Tech Lithium provided an update on its field sampling program at the Georgia Lake lithium property in Ontario, successfully locating historic drill collars and staking two additional claims. The company confirmed multiple lithium-bearing pegmatites in both the Aumacho and McVittie regions, with historic resource estimates totaling over 1 million tonnes.
Swiss-based Nyrstar making plans to re-start Myra Falls Mine on Vancouver Island
Swiss mining company Nyrstar announced plans to restart its shuttered Myra Falls Mine on Vancouver Island, which has been closed since 2015. The restart is contingent on securing provincial permits, new sales contracts, and skilled workers, requiring tens of millions of dollars in infrastructure upgrades. The mine could potentially employ upwards of 300 workers and produces zinc, copper, lead concentrates with silver and gold byproducts.
Pretivm reports second quarter results; gold sales have commenced
Pretium Resources reported successful commissioning of its Brucejack Mine in BC, producing 25,392 ounces of gold from June-July 2017 and achieving commercial production on July 1. The mine reached nameplate capacity of 2,699 tonnes per day in July, and gold sales have commenced with the completion date achieved on August 1, 2017.
McEwen Mining to acquire Black Fox from Primero
McEwen Mining announced a $35 million acquisition of the Black Fox Complex from Primero Mining Corp., located in the Timmins gold mining camp in Ontario. The acquisition includes an underground mine producing 50-60,000 ounces of gold in 2017, a processing facility with excess capacity, and development opportunities that will create synergies with McEwen's existing Timmins deposits.
Mountain Province Diamonds announces Quarter End results
Mountain Province Diamonds reported strong Q2 2017 results from its Gahcho Kué mine, recovering 2.48 million carats at a grade 20% above budget. The company increased full-year production guidance by 25% to 5.5 million carats and achieved a 43% gross margin despite challenging rough diamond markets.
Rainy River Gold Project enhances local community
New Gold's Rainy River Gold Project in northwestern Ontario is nearing completion and scheduled to begin operations in September 2017. The project has created almost 500 jobs with 78% local hiring and 30% Aboriginal workforce participation. The processing facility is nearly ready with mining activities already underway at approximately 115,000 tonnes per day.
Restart of Bonanza Ledge mine brings jobs to the Cariboo
Barkerville Gold Mines has received permits to restart underground operations at its Bonanza Ledge gold mine near Quesnel, BC, creating 90 jobs. The mine is expected to produce 54,000 ounces of gold over three years, with ore processed at the company's QR Mill.
Conference of Metallurgists (COM2017) hosting World Gold and Nickel - Cobalt
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) hosted COM2017, a three-day metallurgy conference in Vancouver featuring over 250 presentations covering minerals, metals and materials. The conference included special symposia on women in engineering innovation and enabling innovation in the mining and metallurgical industries.
“Significant Intercepts”—Kennady North Summer Drilling Program
Kennady Diamonds reported significant kimberlite intercepts approaching 50m or greater from three exploration holes at the Faraday 2 kimberlite on their Kennady North diamond project. The company has completed nearly 50% of its planned 3,000m summer drilling program, with results suggesting the Faraday 2 body maintains constant depth and significant volume as it tracks northwest.
Drilling commences at the Up Town Gold Project
Silver Range Resources announced that partner Rover Metals has commenced a $350,000 exploration program at the Up Town Gold Project near Yellowknife, including NQ diamond drilling to test three zones. The high-grade Archean lode gold prospect adjoins the Giant Mine and has yielded impressive results including grab samples up to 318 g/t Au and drill intercepts of 2.22m @ 27.47 g/t Au.
Moose Mountain Technical Services: Consultants to mining and exploration clients
Moose Mountain Technical Services (MMTS), a mining consulting firm with 30 associates, showcased their successful relationship with Atlantic Gold Corporation at the Moose River Consolidated Gold Mine in Nova Scotia. The project achieved production in record time, with most gold projects typically taking 10+ years from discovery to production.
Red Meters unveils new social media persona and product
Red Meters launched a new social media strategy to increase customer engagement across platforms including Facebook, Instagram, LinkedIn and YouTube. The company manufactures density measurement systems that provide real-time exact density measurements with +/-0.25% accuracy, serving industrial applications including mining slurries.
Senator Minerals to conduct helicopter supported site visits of projects
Senator Minerals announced plans for helicopter-supported site visits to its Carter Lake and Patterson Northeast uranium projects in Saskatchewan's Athabasca Basin in mid-August 2017. The purpose is to evaluate infrastructure and access while precisely locating geological formations to guide summer 2017 exploration activities.
Connecting communities at Rainy River and beyond
Running Deer Resources has developed an Indigenous engagement strategy connecting Aboriginal communities with mining employment opportunities, successfully implementing their Working Warriors database and community preparation programs. The company's joint venture with Big Grassy River First Nation at New Gold's Rainy River Project demonstrates their model, with 25% Indigenous representation on the construction team.
Konecranes new CXT Explorer for remote locations now available on KonecranesDirect.com
Konecranes launched the CXT Explorer, a portable overhead crane system that ships in containers and can be assembled at remote sites in hours. The system is now available for direct online ordering in the US and Canada, targeting mining and industrial operations that need temporary lifting capabilities in remote locations.
Rock Star Robert Bell: Enjoyment + curiosity + hard work = success in mining
Robert Bell, a veteran of Canada's coal industry with 28 years of experience at companies like Teck Resources and Luscar Ltd., has launched an independent consulting practice focused on transportation logistics and coal market development. He has joined forces with Diadem Group to offer expanded expertise across multiple industries while continuing to specialize in coal export operations.