News

Chidliak flaunts four new kimberlite discoveries

During this year’s $17.7-million diamond exploration program at the Chidliak project in Nunavut, joint-venture partners Peregrine (PGD-T) and BHP Billiton (BHP-N, BLT-L) found four new kimberlites: CH-52, CH-53, CH-54 and CH-55.


Fortuna Silver Mines ahead of schedule at San Jose, Mexico

Fortuna Silver Mines (FVI-T) started building its San Jose underground mine in southern Mexico in the second quarter of 2010 and now says it can increase its start-up production rate from 750 tonnes per day to 1,000 tonnes per day.


Mahdia successfully bids for historic Omai gold mine

Mahdia Gold (MGD-C) has won the bid for Guyana’s famed Omai gold mine, which under operators Cambior Resources and Golden Star Resources (GSC-T, GSS-N) produced nearly 4 million gold oz. over 13 years starting from 1993.


Northland targets 2013 for first iron ore delivery

Northland Resources (NAU-T) is set to get its flagship Kaunisvaara iron ore project in northern Sweden off the ground in early 2013, with full production of 5 million tonnes of iron ore concentrate per year expected by 2014.


Majors pour billions into Eastern Canada

It’s not quite as exciting as a new mine built from scratch on a substantial mineral discovery but, in dollar terms, the recent expansions announced by majors active in eastern Canada all add up significant economic activity.


Monterde shows promise for Kimber Resources

Shares of Kimber Resources (KBR-T, KBX-X) jumped 9.2% or 15¢ to $1.78 today following news of the latest two assay results from the Carmen deposit at its Monterde project in Mexico.



Capstone adds copper resources at Minto (May 30, 2011)

Capstone Mining (cs-t) bulked up measured and indicated resources by 219 million lbs. at its wholly owned Minto copper-gold mine in the Yukon. The miner also combined two deposits at the project, which were once thought to be separate, into…


Mining Association of British Columbia CEO Pierre Gratton (centre) with award winners Jim O'Rourke (left) and Robert Pease (right). Photo by Mining Association of BC

MABC honours O’Rourke, Pease

The Mining Association of British Columbia (MABC) has co-awarded Jim O’Rourke of Copper Mountain Mining (CUM-T) and Robert Pease of Terrane Metals as 2010’s “Mining Person of the Year.”



ArcelorMittal invests $2.1B in Quebec

ArcelorMittal (MT-N) is spending $2.1 billion to expand its Mont-Wright mining complex and Port-Cartier pellet plant near Fermont in northern Quebec. 


Cline slumps on production delays, dilutive financing

Investors disappointed with Cline Mining’s (CMK-T, CLNMF-Q) early morning announcement on May 16 that coal production in 2011 is going to be lower than expected at its recently reopened New Elk coal mine in Colorado were hit with more…


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