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Pretium’s Brucejack approved for production boost to 3,800 tonnes per day — +33.9% daily increase
Pretium Resources received amended permits to increase Brucejack Mine production to 3,800 tonnes per day, a 33.9% increase from current 2,700 tonnes daily. The upgrade requires less than CAD$25 million in mill improvements and will boost annual production capacity to 1.387 million tonnes.
Wheaton Precious Metals reaches settlement on Canadian tax dispute regarding foreign income
Wheaton Precious Metals reached a settlement with the Canada Revenue Agency resolving a transfer pricing dispute over 2005-2010 taxation years related to foreign subsidiary income. The settlement confirms foreign income won't be taxed in Canada while adjusting service fees, with no additional cash taxes expected due to available losses.
UEX announces West Bear Winter Program
UEX Corporation announced a $4.25 million winter drill program for 2019 targeting its West Bear Cobalt-Nickel Deposit in Saskatchewan's Athabasca Basin. The program will consist of approximately 17,000 meters of drilling to extend high-grade cobalt mineralization and potentially advance feasibility studies by late 2019.
Canadian Mining Vice-President of Exploration dies in Burkina Faso
Kirk Woodman, vice-president of exploration for Vancouver-based Progress Minerals Inc., was found dead in Burkina Faso after being kidnapped. Woodman had over 30 years of exploration experience in West African gold projects and was overseeing the company's gold exploration programs in Burkina Faso and Côte d'Ivoire.
Reunion Gold announces the appointment of Chantal Gosselin to its board of directors
Reunion Gold Corporation appointed Chantal Gosselin to its board of directors, bringing the total to nine directors with seven being independent. Gosselin brings over 25 years of financial services and mining industry experience, including roles as VP and Portfolio Manager at Goodman Investment Counsel and senior mining analyst positions. The company granted her 300,000 stock options at $0.19 per share as part of the appointment.
Rising market capitalization marks a period of opportunity for the sector
PwC Canada's Junior Mine 2018 report shows the junior mining sector's aggregate market capitalization rose 6% to CA$12.9 billion for the top 100 TSXV companies. The report highlights growing investor interest in royalty/streaming business models and battery metals like lithium, cobalt and nickel as gold loses dominance.
Caterpillar® announces two new ultra-class trucks
Caterpillar announced two new ultra-class mining trucks: the 798 AC with 372-tonne payload and the 796 AC with 326-tonne payload, both featuring electric-drive technology. The trucks will be available in Q2 2019 and are designed to deliver class-leading payload capacity with high reliability and simple serviceability for mining operations.
PDAC names Lisa McDonald new Executive Director
PDAC has appointed Lisa McDonald as its new Executive Director after she served as interim director for the past year. McDonald brings over 20 years of experience with the association and was instrumental in growing the annual PDAC Convention into the world's premier mining event with 25,000+ attendees from 135 countries.
Teck announces new Vice President appointments
Teck Resources announced the appointment of seven new Vice Presidents across key operational and strategic roles, including technology, project development, and South American operations. The appointments reflect organizational strengthening as the company advances major projects like Quebrada Blanca Phase 2 in Chile.
AME announces 2018 Award Winners
The Association for Mineral Exploration (AME) announced its 2018 award winners, recognizing industry leaders for excellence in exploration, financing, and corporate responsibility. Notable achievements include the discovery of over 60 million ounces of silver in Yukon's Keno Hill district and diamond discoveries on Baffin Island. The awards will be presented at the AME Roundup 2019 conference in January.
Canadian Gold Miner discovers new gold zone south of Kirkland Lake
Canadian Gold Miner and Transition Metals discovered a new gold zone called 'Behold Zone' 10 kilometres south of Kirkland Lake, Ontario. Channel sampling returned up to 8.6 g/t Au over 0.30 metres, with the zone situated near an 800-metre IP anomaly within a 1.5-kilometre mineralized corridor.
MacLean celebrates two production milestones: Scissor Truck 200 and Boom Truck 100
MacLean Engineering reached two production milestones with its 200th scissor lift going to Eldorado Gold's Lamaque Mine in Quebec and its 100th boom truck heading to Centerra Gold's Kemess Underground Project in British Columbia. The milestones highlight MacLean's growing presence in Canadian mining, particularly with utility vehicles alongside their established bolter and battery electric equipment lines.
Sandvik introduces Ranger DX600R surface top hammer drill rig
Sandvik Mining and Rock Technology has expanded its Ranger DX series with two new remote-controlled drill rigs, the DX600R and DX800R, designed for hazardous quarry and construction applications. The non-cabin rigs feature advanced radio remote control capabilities and offer up to 60% more productivity compared to conventional top hammer drill rigs.
Teck announces appointment of Dean Winsor as Senior Vice President and CHRO
Teck Resources appointed Dean Winsor as Senior Vice President and Chief Human Resources Officer, promoting him from his previous role as VP Human Resources. Winsor brings nearly 30 years of mining industry experience and has been with Teck since 1999.
Pretium Resources Inc.: Exploration and Resource Drilling Update
Pretium Resources reported results from an 8,000-meter regional exploration program on the Bowser Claims near their Brucejack Mine in BC, confirming high-grade gold mineralization and porphyry-style copper-gold potential. The company discovered a new Upper Kirkham Zone with samples returning up to 3.55 g/t gold and over 10,000 g/t silver, and is planning a 70,000-meter drill program for 2019 to expand resources.
Mason Graphite presents its updated feasibility study economic results for the Lac Guéret Project
Mason Graphite presented updated feasibility study economics for its Lac Guéret graphite project in northeastern Quebec, maintaining the project's financial robustness as construction activities begin. The company has $30M in cash liquidity and is reviewing financing options with National Bank Financial. Tree clearing operations have commenced at the site with completion expected by mid-December 2018.
Copper Fox reports analytical results from Phase 2 sampling program at Mineral Mountain
Copper Fox Metals reported positive Phase 2 sampling results from its Mineral Mountain copper project in Arizona, identifying significant copper-molybdenum mineralization with molybdenum grades up to 0.2%. The company has extended mineralization in multiple areas and discovered two new zones of copper mineralization within Laramide age intrusive rocks.
QMX Gold upsizes and closes previously announced non-brokered private placement at $1.8 million
QMX Gold Corporation closed a $1.8 million non-brokered private placement through the issuance of 19.8 million flow-through units at $0.09 each. The proceeds will fund exploration activities at the company's Val-d'Or Mining Camp property in Quebec, with Fred Leigh returning as Interim Chairman.
Fireweed Drills 4.78% Zinc, 10.17% Lead, and 87 g/t Silver over 11.08 m at End Zone
Fireweed Zinc announced final 2018 drill results from the End Zone at its Macmillan Pass Project in Yukon, with hole EZ18-002 returning high-grade results of 4.78% zinc, 10.17% lead, and 87 g/t silver over 11.08 metres true width. The results exceeded historical data and demonstrate the potential for End Zone to positively impact project economics, though it was not included in the company's current mineral resource estimate or preliminary economic assessment.
Gold mineralization associated with a major fault extending 21 km at Courcy
Stelmine has identified a 21-kilometer-long major fault zone (Couteau fault) at its Courcy gold property in Quebec that hosts significant gold mineralization. The company completed extensive exploration including 568 linear meters of channel sampling and structural mapping, with best results of 4.27 g/t Au over 42 meters coming from near the fault zone. A 3D geological model has been built to guide future drilling campaigns on this promising structural target.
Sandvik and Newtrax partner to provide digitalization for the underground metal mining industry
Sandvik Mining and Rock Technology has partnered with Newtrax to integrate their OptiMine digital platform with Newtrax's wireless IoT systems for underground metal mining digitalization. The integrated solution will be deployed at select mines and showcased at Sandvik's test facility in Finland in early 2019, with Hindustan Zinc's Sindesar Khurd mine as the first implementation site.
Vancouver’s Equinox Gold completes acquisition of the Mesquite Gold Mine in California
Vancouver-based Equinox Gold has completed its $158 million acquisition of the Mesquite Gold Mine in California from New Gold Inc., transforming the company from a developer to an active gold producer with immediate cash flow. The acquisition was funded through a combination of $75 million in equity financing, a $100 million credit facility led by Bank of Nova Scotia, and a $20 million facility from Sprott Private Resource Lending.
NACG accounces credit facility and acquisition of heavy construction fleet
North American Construction Group Ltd completed a $199.1 million acquisition of Aecon Group's heavy construction fleet, financed through an upsized $300 million credit facility led by National Bank Financial. The company also secured a $19.9 million mortgage from BDC for its new maintenance facility and head office complex in Acheson, Alberta.
Chalice prepares for major new drill program to test large-scale gold targets at East Cadillac Gold
Chalice Gold Mines plans to commence an 8,100-metre diamond drilling program in January 2019 at its East Cadillac Gold Project in Quebec to test two large geochemical targets. The Anderson and Legrand anomalies show gold values up to 22 times background and have similarities to major regional deposits including the 16Moz Canadian Malartic mine.
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