ALBERTA – North American Construction Group earlier this week announced a five-year multiple use contract and an associated term contract with a major oil sands customer. The agreement runs through December 2023 and the backlog value is expected to be…
OILSANDS: NACG wins additional 5-year contract Read More »
QUEBEC – Nouveau Monde Graphite has arranged a non-brokered private placement with Pallinghurst Graphite that will raise $10.3 million for continued work on the Matawinie graphite development project 150 km north of Montreal. Pallinghurst has subscribe…
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ONTARIO – Toronto-based Kirkland Lake Gold has filed an updated 43-101 resource report for its Macassa gold mine in the town of Kirkland Lake. The report includes resources at Dec. 31 ,2018. Two important zones – Main/04 break and South…
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QUEBEC – Hecla Mining Co., headquartered in Coeur d’Alene, Idaho, has filed an updated resource estimate for the Casa Berardi gold mine 95 km north of La Sarre, in the Abitibi region. Using a gold price of US$1,200 per ounce,…
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GOLD: Casa Berardi reserves up 28% for Hecla Read More »
JOHANNESBURG – Blasting specialist BME USA has been awarded a contract by Usibelli Coal Mine (UCM) in Alaska to supply explosive products and accessories. Part of the South Africa-based explosives leader BME, the USA business was established in Denver,…
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ONTARIO – Drilling 100 metres to the west of the diorite that hosts Wesdome Gold Mines’ Eagle River mine in Ontario has encountered a new discovery zone called Falcon, the company reports. Surface exploration drilling returned 73.5 g/t gold over 1.3…
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QUEBEC – Eldorado Gold Corp. of Vancouver declared commercial production on March 31 at its Lamaque gold mine near Val d’Or. This is the company’s first foray into gold mining in Canada. The Lamaque South project includes the Triangle gold…
The p…
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MONTREAL – Stornoway Diamond finished the 2018 calendar year with less production and revenue and more losses. Total net loss for the year was $329.4 million or $0.39 per share, compared to a net loss in 2017 of $114.2 million…
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DIAMONDS: Stornoway finishes year with revenue down, losses up Read More »
GHANA – Golden Star Resources has increased its overall reserves by 6%, net of mining depletion. It offset a loss in reserves at its Prestea gold mine by adding reserves at its Wassa gold mine. In total the company has 19.4…
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GOLD: Golden Star boosts Wassa resources despite depletion Read More »
NOVA SCOTIA – Vancouver-based Atlantic Gold Corp. has updated reserves and mine life for its Moose River Consolidated gold project. Contained gold is up 27% and the life of the MRC project has been extended to more than 10 years.…
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GOLD: Atlantic Gold finds more ounces, more life in MRC reserves Read More »
