SAS reports 'solid' Q4, full-year performance, costs decline

Ontario-focused gold producer St Andrew Goldfields (SAS) on Thursday reported fourth-quarter net earnings attributable to shareholders of $12.6-million or $0.03 a share, 2.3% lower when compared with net income of $12.9-million or $0.04 a share a...

Goldcorp opens Toronto bourse to celebrate Timmins century

Canadian miner Goldcorp on Monday ceremoniously opened the Toronto bourse in recognition of the integral historical role its Porcupine Gold Mines (PGM) had played in developing the century-old City of Timmins, in northern Ontario. PGM GM Marc...

Lake Shore on track for 2012 production target – CEO

TSX-listed Lake Shore Gold CEO GOLD said on Wednesday the company expected to achieve its full-year production forecast, with second-quarter output coming in near the top of its 20 000-oz to 25 000-oz target range. June-quarter gold production...

Lake Shore says worker killed at Timmins West mine

Canadian gold producer Lake Shore Gold said a worker who was part of a crew heading development underground, died at its Timmins West mine in northern Ontario. Full details of the accident were unknown, and the Ontario Provincial Police, the...

Brigus says COO exits

Brigus Gold, the TSX-listed company that owns the Black Fox mine near Timmins, Ontario, said on Tuesday COO Richard Allan quit effective December 31. The company did not give reasons for his leaving, only saying an unnamed “newly hired”...

Lake Shore announces 1.03Moz resource at Thunder Creek

Canadian junior Lake Shore Gold announced an initial 1.3-million ounce indicated and inferred resource at its Thunder Creek project near Timmins, Ontario, sending its shares nearly 7% higher on the TSX. Of the resource, 521 600 oz are in the...

Porcupine Joint Venture, Canada

An opencast mine, situated in Canada.

Brigus ready to ramp up underground mining

TSX- and Amex-listed Brigus Gold has completed construction of new underground infrastructure at its Black Fox mine, in Timmins, and expects to achieve commercial production at the operation during April. The company expects to exceed 250 t/d...

Hochschild opts out of Lake Shore offering, diluting stake

LSE-listed Hochschild Mining will not participate in an equity financing announced by Canada's Lake Shore Gold, the firm announced on Thursday. Hochschild, which produces silver and gold from mines in Latin America, owns 37% of Lake Shore, but...

Lake Shore mulls mill expansion to 3 000 t/d next year

TSX-listed Lake Shore Gold is “strongly considering” a further expansion of its Bell Creek mill in Timmins, Ontario, next year to 3 000 t/d, a senior executive said on Wednesday. The company is already nearing completion of an expansion to...

Ontario mulls use for Xstrata met site

The government of Ontario is working with the city of Timmins to consider options for the Xstrata metallurgical site, the province said on Monday. Xstrata announced in December it would permanently close down its copper and zinc metallurgical...

Union wants Ontario premier to block Xstrata plant closure

Canadian Auto Workers union president Ken Lewenza has asked Ontario premier Dalton McGuinty to prevent Xstrata from closing its Kidd Creek Met site, warning that the closure, which is scheduled for May 1, will “set a dangerous precedent”. A...