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Electra Mining

ThoroughTec’s differentiation leads expansion in new simulation markets

Not only are mines increasingly buying into advanced simulation, but more simulator cabs are being developed across a diverse range of original-equipment manufacturers (OEMs) to meet the demand for this type of training, aimed at improving safety...
29th August 2014

Ontario creates Ring of Fire Infrastructure Development Corporation

Minister of Northern Development and Mines Michael Gravelle The Ontario government on Thursday announced that it had established the Ring of Fire (RoF) Infrastructure Development Corporation, first mooted in November last year. The provincial government said the not-for-profit corporation’s headquarters...
28th August 2014

Higher nickel prices a boon for Panoramic

Nickel miner Panoramic Resources has narrowed its loss during the full year ended June, as the company increased its output to take advantage of higher nickel prices. During the 2014 financial year, Panoramic reported a net loss of A$9.3-million,...
28th August 2014

Canada’s Mines Ministers back enhanced payment transparency in sector

The Mining Association of Canada (MAC) and the Prospectors and Developers Association of Canada (PDAC) on Tuesday welcomed a joint announcement made by Canada's federal and provincial Mines Ministers, in which they lent their support to efforts to...
27th August 2014

Transition Metals consolidates Sudbury platinum prospect

Project generator Transition Metals on Monday reported that subsidiary Sudbury Platinum Corp (SPC) had consolidated its interest in the Aer-Kidd nickel/copper/platinum-group metals (PGMs) project, near Sudbury, in Ontario. SPC had completed a...
25th August 2014

Next generation of graphite producers to partake in transformed market

A wave of new graphite producers that have recently started or will start production in the coming years will participate in a significantly different market than that witnessed over the last several decades, as new technology is set to turn the...
22nd August 2014

Silver Wheaton reports weaker earnings on lower precious metals prices

The world’s largest precious metals streaming firm Silver Wheaton on Wednesday after market close reported weaker second-quarter earnings as lower precious metals prices impacted the bottom line. For the three months ended June 30, the NYSE- and...
14th August 2014

Moons align for Richmont Mines as Island discovery triggers step change

Island Gold Mine, Ontario Having produced more than 1.4-million ounces from 1991, TSX- and NYSE MKT-listed Richmont Mines is undergoing a step change after discovering a 1.1-million ounce gold deposit beneath its operating Island Gold mine near Wawa, in Ontario. This new...
14th August 2014

KWG subsidiary to appeal court order waiving its consent for land easement

Staked land for railway. Ontario-focused explorer KWG Resources on Wednesday announced that subsidiary Canada Chrome Corp (CCC) would seek permission from the Ontario Court of Appeal to overturn the July 30 ruling of the Divisional Court of the Ontario Superior Court of...
14th August 2014

Aurico Gold Q2 earnings disappoint as high costs offset record output

Despite TSX- and NYSE-listed AuRico Gold reporting its eighth consecutive quarter of record output, the miner posted a net loss of $16.8-million, or $0.07 a share, for the three months ended June 30. This compared with a net loss of $103-million,...
8th August 2014

Primero to expand San Dimas to 3 000 t/d, Q2 earnings disappoint

Precious Metals producer Primero on Thursday announced that it had approved the second-phase expansion of its San Dimas gold/silver mine, in Mexico, that would raise mine output to between 210 000 oz and 220 000 oz of gold equivalent in 2016. The...
7th August 2014

Bissett Creek graphite project, Canada Restricted

An updated preliminary economic study indicates that the Bissett Creek project has very attractive economics even at or below current depressed graphite price levels.
1st August 2014
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