Daily News

De Beers studies Victor extension as end of mine life looms

With a mine life that ends in 2018, the ore is running out at Ontario’s only diamond mine — De Beers’ Victor mine, 90 km west of Attawapiskat.
Sep 12, 2014 6:26PM

Sudbury Platinum advances Aer-Kidd in Sudbury

Privately held Sudbury Platinum Corporation, in which project generator Transition Metals Corp. (TSXV: XTM) holds a 57% stake and Royal Nickel (TSX: RNX; US-OTC: RNKLF) a 23% interest, has acquired 100% ownership of the Aer-Kidd project,...
Sep 12, 2014 4:51PM

Detour improves head grades, struggles with mill rates

VANCOUVER — Miner Detour Gold (TSX: DGC; US-OTC: DRGDF) had a mixed second quarter, as it reported higher-than-anticipated head grades at its wholly-owned Detour Lake operation in northeastern Ontario, but ongoing ramp struggles...
Sep 12, 2014 4:26PM

Dundee says Premier Gold 'lives up to its name'

When it comes to development-stage assets, those offering a combination of higher grade deposits, simple mining and low-operating costs, and favourable jurisdictions are typically the ones that are acquired, analysts at Dundee Capital Markets...
Sep 11, 2014 9:03PM

Santacruz hopes to get San Felipe in production by 2016

VANCOUVER — Santacruz Silver Mining (TSXV: SCZ; US-OTC: SZSMF) is sizing up a major boost in silver equivalent production over the next few years, and a big part of that is its San Felipe asset located 130 km due northeast of...
Sep 11, 2014 4:44PM

Selwyn strikes deal to sell ScoZinc for $17.5M

Selwyn Resources (TSXV: SWN) has agreed to sell its main asset, the ScoZinc mine, mill, and related properties in Nova Scotia, for $17.5 million to a private company.
Sep 11, 2014 4:15PM

Vale's Q2 nickel production plunges in Sudbury

Vale ’s (NYSE : VALE) companywide nickel production in the second quarter of 2014 was 61,600 tonnes, an 8.6% drop from the first quarter and 5.3% fall from the year-ago period. Vale says the decline mainly reflects the impact of four...
Sep 10, 2014 5:49PM

PEA shows robust economics for GoGold's Santa Gertrudis

After clinching a deal earlier this year to secure Animas Resources for its Santa Gertrudis gold project in Mexico’s Sonora state, GoGold Resources (TSX: GGD) has released a preliminary economic study outlining the past producer’s...
Sep 10, 2014 5:15PM

Wallbridge generates cash from Broken Hammer to fund exploration in Sudbury

It’s been a busy six months for Wallbridge Mining Company (TSX: WM). In March the board of directors approved a production decision for the company’s small Broken Hammer copper and platinum group metal open-pit project in Sudbury,...
Sep 10, 2014 4:24PM

Ontario releases 'progress report' on underground mine safety

VANCOUVER — Back in December the Ontario Ministry of Labour commissioned a comprehensive review of the health, safety and prevention issues related to underground mining in the province. Though the full report is not due until early...
Sep 10, 2014 4:15PM

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