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Red Lake mine could be on the selling block
The “turnaround plan” for a struggling Red Lake gold mine may include a sale of the company and its underground operation in northwestern Ontario. PureGold Mining has initiated a strategic review process that could involve a potential sale or merger of the company, a sale of all or part of its...
The top 50 biggest mining companies in the world
After a brutal second quarter, investors in the world’s 50 biggest mining companies are in full retreat as metal prices slump and uncertainty grips the sector. Extreme volatility on metal and mining markets intensified in the second quarter and after hitting record highs in March, copper, nickel, aluminium, zinc and...
Mining the Northwest: Red Lake ramps up for gold mine expansions
Gold prices were slumping in July to a six-month low at US$1,730, but mining and advanced exploration activity is intensifying in the Red Lake mining camp. Evolution Mining plans to spend between $120 million and $135 million this year on development and upgrades at its Red Lake mine complex. The Australian...
Argonaut Gold closes financing deal to finish Dubreuilville-area mine
Argonaut Gold has secured financing to finish construction of its Magino open-pit mine near Dubreuilville. The Toronto mining company announced July 5 that it has raised $195.3 million through a common share offering. Argonaut announced in December that the cost to complete the open-pit mine had jumped from $510 million to $800...
Sudbury fabrication shop owner launches side gig as international trades recruiter
When Robert Brouillette joined his family’s fabrication shop, City Welding, well over a decade ago, his dad, Georges, handed him a file on hiring foreign workers along with a simple request: “Get it done.” In the 34 years since Georges had started the Sudbury business, Canadian skilled workers had become scarcer. So he...
Feds pledge $2.6M to the Greater Sudbury Airport
Offering a boost to a beleaguered organization, the federal government has pledged $2.6 million to the Greater Sudbury Airport toward infrastructure needs. Capital spending has largely fallen by the wayside since the pandemic hit in early 2020, which saddled the airport with a significant drop in travellers alongside various continued expenses. The...
SNOLAB hires new executive director
SNOLAB has hired Dr. Jody Cooley as the new executive director for the underground research laboratory. Cooley will be taking over for Dr. Clarence Virtue, who served as interim executive director. A professor of physics at Southern Methodist University and deputy operations manager for the SuperCDMS Collaboration, Cooley will lead...
Dubreuilville-area mine becoming a gold producing ‘juggernaut’
The Island Gold Mine outside Dubreuilville is poised to become one of Canada’s most prolific and profitable mines for decades to come. Over the next four years, Alamos Gold‘s underground operation will get larger in scale, mine at a higher rate, deliver more ounces, and become one of the industry’s lowest...
Sayona, Piedmont approve North American Lithium project restart in Quebec
Sayona Quebec has formally approved the restart of spodumene concentrate production at the North American Lithium (NAL) project near La Corne, Quebec. Sayona Quebec is 75% owned by Australian Sayona Mining (ASX: SYA) and 25% by Piedmont Lithium, a private company. The upgrade and restart budget is approximately C$98 million....
Mining geoscience data mapped in British Columbia
Data for hundreds more mineral exploration and development reports in British Columbia can now be searched by location for the first time, thanks to a new Geoscience BC minerals project. National Instrument 43-101 (NI 43-101) technical reports contain comprehensive geoscience information on prospective mineral properties and are available from the...
Sudbury’s PACE Global looks to help mining firms go digital
A Sudbury woman, who is one of the few people in Canada qualified to advise on digitizing mining businesses, said only a small percentage of Canadian businesses are using their digital technology properly. Néha Singh, the CEO of PACE Global, was a guest speaker in Toronto at the Northern Ontario Mining...
Evolution Mining drags Aussie gold peers down after downgrade
Shares in Australian gold producer Evolution Mining (ASX: EVN) cratered on Monday after it downgraded its forecast gold production for the year to June 30 and shelved a multi-million dollar expansion. The announcement triggered a sell-off that sent the company’s stock 22% down and wiped off almost A$3.5 billion ($2.4bn) of the...
Metals haven’t crashed this hard since the Great Recession
Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s...
UK, US, Japan and Canada to ban Russia gold imports
Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of efforts to tighten the sanctions squeeze on Moscow for its invasion of Ukraine, the British government said on Sunday. The ban will come into force shortly and apply to newly mined or refined...
Former Timmins mayor to oversee Ring of Fire development
Former Timmins Mayor George Pirie has been named Ontario’s new mining minister with a special mandate to develop the Ring of Fire. Premier Doug Ford revealed his 30-person cabinet on June 24 with only a few changes in portfolios held during Ford’s last provincial government. The decades-only title of Northern...
NorthStream Announces Larger Facility and More Services
NorthStream, the safety testing and training company that has been instrumental in providing Northern Ontario with rapid COVID-19 testing for work, travel and family gatherings, is pleased to have expanded their footprint and service offerings. Cory Stainthorpe, Executive Director, confirms, “Since the move at 955 Queen St. (Suite 66) we...
Electra begins talks on second cobalt refinery in Quebec
As part of its growth strategy in support of the onshoring of electric vehicle supply chains in North America, Electra Battery Materials (NASDAQ, TSXV: ELBM) has begun preliminary discussions with the government of Québec to build a new cobalt refinery in Bécancour that will integrate with an emerging battery materials park in...
Inflation hits Canadian metals, mining stocks, erasing 2022 gains
Canadian mining, metals and lumber stocks dropped Wednesday, wiping out their 27% gain for this year as hotter-than-expected inflation, rising interest rates and slowing global growth weigh on the companies. The S&P/TSX Composite Materials Index is now negative for the year after peaking in mid-April, when Russia’s invasion of Ukraine...
Detour Lake Mine marks 5M gold ounces poured
Detour Lake Mine in northeastern Ontario has poured its 5 millionth ounce of gold since commercial production began in 2013. Agnico Eagle, the mine’s parent company, celebrated the milestone in a June 22 statement. Calling it a “historic” occasion, the company said 5 million ounces of gold is the equivalent...
Pathways to sustainable smelting
Traditional metal production is inherently polluting. According to data from Wood Mackenzie’s Emissions Benchmarking Tool, it is currently responsible for 9% of global greenhouse gas emissions. Many of the metals produced in smelting operations around the world will play a vital role in the energy transition. For example, nickel and...
Northern Ontario Export Program (NOEP) has money for small mining businesses
Northern Ontario mining supply and service companies need to get more active to take their products into the global market, and the provincial and federal governments have money to help them do that. That was one message that came out of the annual Prospectors and Developers convention held in Toronto last week....
Trudeau’s energy chief unveils low-carbon industrial strategy
Canada is launching an industrial strategy for its natural resources, with critical mineral infrastructure, hydrogen production and other low-carbon projects set to be a major focus. The strategy, formally known as the Regional Energy and Resource Tables, will see Prime Minister Justin Trudeau’s government partnering with each province to “identify,...
Vital Metals starts commissioning at Saskatchewan rare earth extraction plant
Canada’s first rare earths producer, Vital Metals (ASX: VML l OTCQB: VTMXF), announced Friday it has begun feeding ore into a dense media separation (DMS) plant as part of commissioning of its rare earth extraction facility in Saskatoon, Saskatchewan. Vital will commission the Saskatoon facility incrementally over the coming months with plans...
Symboticware acquires Palifer AI, enables predictive maintainance and ESG
Sudbury-based mining technology company Symboticware has acquired Palifer, the developer of a deep-learning Natural Language Processing (NLP) AI software that generates data from work orders created in natural language. Palifer’s AI will enable Symboticware’s customers, which include Glencore, Vale, and Newmont, to reduce unscheduled downtime, prevent unsafe incidents caused by...
Exhibit showcases Northern Ontario’s mining might to the world
A record number of Northern Ontario businesses have taken part in the annual Northern Ontario Mining Showcase (NOMS), which makes up the largest single exhibit at the annual convention of the Prospectors and Developers Association of Canada (PDAC). The showcase, which is co-sponsored by FedNor and the City of Temiskaming Shores, has this year...
