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Pretivm to refinance construction credit facility; secures commitment letter for US $480 million
Pretium Resources secured a US$480 million debt facility commitment from major banks to refinance its construction credit facility for the Brucejack Mine. The new facility consists of a US$250 million term facility and US$230 million revolving facility, maturing in four years with expected lower interest rates than the existing facility.
Local dinosaur prints on display at Cranbrook History Centre
Teck Resources discovered theropod dinosaur tracks at their Greenhills Mine and Fording River Operations in the East Kootenays, with seven tracks now on display at the Cranbrook History Centre. The 140 million-year-old tracks from the Mist Mountain Formation represent a significant paleontological discovery made during mining operations.
Vale launches 2019 Global Trainee Program
Vale Canada launched its 2019 Global Trainee Program to recruit 12 young professionals for year-long rotations across operations in Sudbury, Toronto, Long Harbour and Voisey's Bay. The program focuses on global and digital projects as the mining giant transforms its business operations.
Azincourt Energy Lithium One exploration update
Azincourt Energy provided an exploration update on its Lithium One project in Manitoba's Winnipeg River Pegmatite Field, part of a joint venture with New Age Metals. The company reported previous assay results up to 4.33% Li2O from the Silverleaf Pegmatite and is currently mapping and sampling multiple pegmatite clusters including the Annie Pegmatite, with results pending from Actlabs.
Group Eleven announces major step in ‘Big Think’ exploration in the Irish zinc-lead district
Group Eleven Resources has commenced a major airborne geophysical survey covering 2,500 square kilometres of its exploration ground in Ireland's prospective Limerick and Silvermines Basins. The Tellus survey, conducted by Ireland's Geological Survey, will integrate into the company's 'Big Think' regional exploration program to advance high-quality drill targets ahead of an extensive 2019 drilling campaign.
New Mount Polley report - B.C. communities and watersheds remain at serious risk of failure
A new report by Dr. David Chambers commissioned by First Nations Women Advocating Responsible Mining finds that B.C. has failed to fully implement recommendations from the 2014 Mount Polley tailings dam disaster. The province still faces the Expert Panel's prediction of two tailings dam failures every 10 years, with 123 tailings storage facilities needing to be reduced to 60.
Mount Polley: Disciplinary hearings announced for three individuals
Engineers and Geoscientists British Columbia has announced disciplinary hearings for three individuals related to the 2014 Mount Polley Mine tailings storage facility breach. The hearings follow a lengthy investigation that reviewed over 13,000 documents and are scheduled for 2019.
Colonial Coal International Corp.: results of AGM and appointments
Colonial Coal International Corp. announced the results of its September 2018 annual general meeting, where shareholders elected six directors and approved standard corporate matters. The board subsequently confirmed executive appointments including David Austin as President and CEO and John Perry as COO.
UNICEF Canada and Teck partner to save the lives of children in India
Teck Resources has committed an additional $2.5 million over five years to support UNICEF Canada's zinc and oral rehydration salt treatments for children in India, building on a previous $5 million commitment. The partnership has already saved 62,000 children's lives since 2013 by addressing diarrhea-related deaths.
BC Mine Reclamation Award and Scholarship Recipients Announced
The British Columbia Technical and Research Committee on Reclamation presented the 2017 BC Mine Reclamation Award to Teck Highland Valley Copper Partnership for innovative use of tailings ponds and pit lakes as aquatic habitat and water treatment facilities. The 20-year progressive reclamation project has created a self-sustaining rainbow trout fishery and supports 150 bird species.
Keeping up with trench work - connecting people
MB Crusher showcases how their mobile crushing and screening equipment is revolutionizing pipeline construction across global projects. Their buckets attach directly to excavators, processing materials on-site to reduce transport costs and construction times for major oil and gas infrastructure projects.
Initial vanadium sampling results received: Ethos increases land position and commences trenching
Ethos Gold Corp. reported encouraging vanadium sampling results from its Pine Pass and Ursula projects in northeastern British Columbia, with soil samples returning up to 5,700 ppm V (1.02% V2O5). The company has expanded both properties and allocated C$270,000 for Phase 2 exploration including trenching and additional sampling.
Seabridge Gold’s KSM Program confirms key geotech/reserve data and extends Iron Cap deposit
Seabridge Gold reported positive progress on its 2018 drilling program at the KSM Project in northwestern BC, despite weather and wildfire delays. The company completed confirmation drilling to support its reserve model and is advancing exploration at the Iron Cap deposit, with initial results suggesting near vertical continuity to at least 1,800 meters depth.
Pretivm to repurchase precious metals stream and Osisko responds
Pretium Resources announced it will repurchase its 8% gold and silver stream on the Brucejack Mine for US$237 million by December 31, 2018, originally sold for US$150 million as part of construction financing. The company produced 339,000 ounces of gold in its first year of operation and maintains production guidance of 200,000-220,000 ounces for H2 2018.
North American Construction Group takes ownership interest in Nuna Logistics
North American Construction Group acquired a 49% stake in Nuna Logistics for $42.5 million, expanding into civil construction and contract mining services across northern Canada. The deal diversifies NACG away from oil sands operations into base metals, precious metals, and diamond projects while providing access to Nunavut and Northwest Territories markets.
Stelmine initiates new exploration work
Stelmine Canada is launching a one-month exploration campaign on its Trieste, Joubert and Mercator claims in Quebec's Opinaca basin, following up on promising 2017 gold results including 4.69 g/t Au from quartz veins. The company holds 994 claims spanning 517 km² in the region and is encouraged by recent nearby discoveries by other companies.
The Royal Canadian Mint stands out with new 3D sculptural coins
The Royal Canadian Mint unveiled a collection of innovative collectible coins featuring breakthrough 3D sculptural designs and ultra-high relief techniques. The flagship product is a 1 kilogram $250 fine silver coin depicting voyageurs, along with Superman and wildlife-themed coins using new dimensional paint and sculptural techniques.
A new dawn, a new perspective
MB Crusher showcases how their crushing bucket attachments for excavators are revolutionizing construction and demolition waste processing across multiple international sites. The company highlights successful implementations in France, Brazil, and Mexico where their equipment enables efficient recycling of concrete, railway sleepers, and limestone while reducing costs and improving safety.
Resource Capital Gold Corp. completes bulk sample at Dufferin Gold Mine, Nova Scotia
Resource Capital Gold completed a 14-month bulk sample program at its Dufferin Gold Mine in Nova Scotia, recovering 5,846 ounces of gold from 43,593 tonnes at an average grade of 4.17 g/t with 80.85% mill recovery. The program demonstrated improved mining methods that reduced dilution from 370% to 5% in test stopes, while geological sampling revealed higher gold grades on vein flanks.
Nouveau Monde Graphite and the Municipality of Saint-Michel-des-Saints sign agreement in principle
Nouveau Monde Graphite signed an agreement in principle with the Municipality of Saint-Michel-des-Saints for development of the Matawinie graphite project. The agreement establishes a framework for collaboration, environmental protection, and community benefit-sharing for the project that could produce 52,000 tonnes of graphite concentrate annually over 27 years.
Seabridge Gold begins drilling Quartz Rise target on Iskut Project
Seabridge Gold has begun drilling at the Quartz Rise high-grade gold target on its Iskut Project in northwestern British Columbia. The company's 2017 drilling confirmed a gold-bearing epithermal system, and recent cliff face sampling has yielded exceptional gold values corresponding with geophysical anomalies. The 3,000-meter drilling program aims to follow gold-bearing veins into chargeability anomalies and can be expanded based on results.
Osisko Metals announces changes to management
Osisko Metals announced key management changes with Robert Wares being promoted to Executive Chairman, while adding Anthony Glavac as CFO and Lili Mance as Corporate Secretary. The company is currently executing a combined 100,000 metre drilling program across its Pine Point and Bathurst mining camps to upgrade historical zinc resources to NI 43-101 compliance.
Rio Tinto celebrates opening of new diamond pipe at Diavik
Rio Tinto celebrated the opening of its fourth diamond pipe (A21) at the Diavik Diamond Mine in the Northwest Territories, representing a $350 million investment over four years. The new open pit will sustain production levels for the next four years, with full production expected in Q4 2018.
De Beers Victor Mine marks a decade of historic achievement
De Beers celebrated the 10th anniversary of production at its Victor Mine in northern Ontario, marking a decade of successful diamond mining operations. The mine has recovered 7.2 million carats of diamonds and exceeded original feasibility forecasts while maintaining an award-winning safety record. Operations will continue through 2019 before pit depletion leads to mine closure.
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