Archive | Quebec Mining

Sudbury gold explorer ready to take a chunk out of Quebec: Wallbridge Mining chases permit for bulk sample at high-grade gold project – by Staff (Northern Ontario Business – August 17, 2017)

https://www.northernontariobusiness.com/

A Sudbury junior miner is making preparations to extract a large bulk sample at an advanced gold project in northwestern Quebec. Wallbridge Mining announced that it has received a Certificate of Non-Liability from the Government of Quebec for the dewatering of the pit and ramp at its Fenelon Gold Project, and to take a 35,000-tonne bulk sample at the property, located 75 kilometres north of Mattagami.

The company said this allows them to proceed with an application for a certificate of authorization from the regional authority responsible for issuing permits. This review process is underway and typically takes 60 to 75 days.

After acquiring the old mine property last October, Wallbridge announced a positive prefeasibility study at Fenelon last February. Located in the gold-rich Abitibi region, it’s roughly on the same latitude – and just over the Quebec border – from the Detour Lake open-pit mine in northeastern Ontario. Continue Reading →

[Northern Superior Resources] Sudbury junior miner breathes life into Far North, Quebec projects – by Ian Ross (Northern Ontario Business – August 15, 2017)

https://www.northernontariobusiness.com/

Measuring 20 kilometres by 30 kilometres, Morris believes TPK has district-scale
mining possibilities, comparable to the Hollinger Mine complex in Timmins or
the Red Lake district. “I’ve been in this business for 35 years. I’ve never
seen anything like this.”

Tom Morris is excited to be finally returning to his roots. The president-CEO of Northern Superior Resources has two projects on the go this summer as his Sudbury exploration outfit advances a promising Quebec gold project while simultaneously blowing the dust off a mothballed gold and base metals property in Ontario’s Far North.

“When it comes to doing what we’re supposed to be doing, which is exploration, we’ve been pretty dormant,” Morris admits. During the downturn, it was all about survivability for many junior miners who tightened their belts as exploration dollars dried up.

After weathering that period in reasonably good shape, and with market interest in commodities looking favourable, it’s now time to get back to work with exploration dollars in hand and new company leadership in place. “Timing was everything,” said Morris. “I kept the company going for this opportunity that we knew was coming at some point.” Continue Reading →

The fixer: Names to Know 2017: Duncan Middlemiss, CEO of Wesdome Gold Mines – by Joel Barde (CIM Magazine – July 05, 2017)

http://magazine.cim.org/en/

Nine years ago Duncan Middlemiss joined St. Andrew Goldfields as vice-president of operations. He ascended to the role of CEO in 2013, and by the time the company was sold to Kirkland Lake Gold in 2016, it was profitable and producing 140,000 ounces of gold annually.

It was a dramatic turnaround that helped cement Middlemiss’s reputation as a “fixer.” Working closely with his team, he dramatically increased production, helped raise money and developed an overarching plan for the company.

His latest challenge began last August when he was named CEO of Wesdome Gold Mines. The Canadian-focused company has three major assets in northern Ontario and Quebec, one of which – the Eagle River Complex – is currently operational. Continue Reading →

Couillard wants Quebec and Newfoundland to cooperate on mining, roads – by Presse Canadienne (Montreal Gazette – July 19, 2017)

http://montrealgazette.com/

EDMONTON — The premiers of Quebec and Newfoundland say their governments will work to increase mining in the Labrador trough and expand Route 138 in the Côte-Nord region.

Discussions between both governments began Wednesday in Edmonton during a meeting of Canada’s premiers and could end in a formal agreement by year’s end, according to Quebec Premier Philippe Couillard.

The two provinces share a border, near Blanc Sablon, and their relationship hasn’t always been an easy one. For years the Newfoundland government has contested the Churchill Falls agreement, which largely benefits Hydro-Québec. Continue Reading →

Bloom Lake Mine gets US$180M loan – by Andrew Topf (Mining.com – July 15, 2017)

http://www.mining.com/

Sprott and big Quebec pension fund step in to restart iron ore mine closed in 2014

The cash keeps pouring in to Champion Iron (TSX:CIA) and its subsidiary, Quebec Iron Ore (QIO), which is planning on restarting the idled Bloom Lake Mine in the Canadian province of Quebec.

Earlier this month Montreal-based Champion announced that Sprott Resource Lending and la Caisse de dépôt et placement du Québec- a large pension fund – will provide debt financing for the project totalling USD$180 million.

The large loan follows the granting of a $40 million bridge financing back in May plus offtake agreement. The combination of $26 million in debt and $14 million in equity is being put towards upgrades at the mine and processing facilities. Continue Reading →

Kirkland Lake and the Amazing World-Class Abitibi Gold Mining Belt – Orefinders CEO Stephen Stewart Interviews RepublicOfMining.com’s Stan Sudol (July 10, 2017)


The Abitibi is the largest Archean greenstone belt in the world. It’s roughly 150 km wide and starts just west of Timmins in Ontario – some say it starts in the Wawa camp – stretches for about 650 kms. in an east/west direction to Chibougamau, Quebec.

Since the first gold discovery in Timmins in 1909, the Abitibi has been the source of about 200 million ounces of gold and at least 35 billion pounds of zinc and 15 billion pounds of copper.

Both Ontario and Quebec have a number of significant mining camps. Continue Reading →

NEWS RELEASE: Governments of Canada and Quebec support the Centre d’innovation minière de la MRC des Sources

Innovation for the economic diversification of an entire region

ASBESTOS, QC, June 27, 2017 /CNW Telbec/ – Canada Economic Development for Quebec Regions (CED)

Communities need to build on innovation to diversify themselves strategically and develop lasting regional competitive advantages.

The Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie and Member of Parliament for Compton–Stanstead, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Canada Economic Development for Quebec Regions (CED), and Karine Vallières, Member for Richmond and Parliamentary Assistant to the Premier (youth), acting on behalf of Lise Thériault, Deputy Premier and Minister responsible for SMEs, Regulatory Streamlining and Regional Economic Development, announced that financial support has been granted to the Centre d’innovation minière de la MRC des Sources (website in French only).

CED has granted $2,500,000 in the form of a non-repayable financial contribution to start up a centre specializing in pilot-plant processes supporting business innovation projects in mining and industry. The funding was awarded through CED’s Canadian Initiative for the Economic Diversification of Communities Reliant on Chrysotile. Continue Reading →

A tale of two mines: One shovel in the past, the other in the future – by Sunny Freeman (Financial Post – June 21, 2017)

http://business.financialpost.com/

Booms and busts are the norm when it comes to towns built on the mining industry, but the future could see the creation of communities specifically designed to last as long as the mine and for the economic benefits to be spread among many towns. Financial Post reporter Sunny Freeman and videographer Tyler Anderson traveled to one such mine ramping up in northern Quebec and another in Timmins, Ont., which is agonizing over the closing of its increasingly old-fashioned mines

Coverall-clad miners sip coffees and clutch metal lunch boxes as they listen for the shaft operator’s familiar tap-tap-tap signalling the elevator is on its way for the start of another subterranean shift at Goldcorp Inc.’s Dome mine in Timmins, Ont.

They wait for the muddy night-shift workers to step out of the cage before turning on their headlamps, a common courtesy so as not to blind their weary colleagues, before descending a kilometre underground. It’s a daily routine that has been performed for more than a century at Canada’s oldest operating gold mine.

The Dome mine was incorporated in 1910, when northeastern Ontario’s gold rush brought eager prospectors, families and a sense of community to what was then considered the remote north. It is a working relic, an homage to a long history of towns built on the bedrock of mining, when rich, multi-generational projects breathed life into local economies. Continue Reading →

U.S. company signs collective agreement to restart Wabush Mines – by Andrew Topf (Mining.com – June 13, 2017)

http://www.mining.com/

Miners at the closed-down Wabush Mines in Labrador could be back on the job thanks to the recent signing of a collective agreement with the union. Five hundred people were thrown out of work in 2014 when Cliffs Natural Resources (NYSE:CLF) shut the gates on the operation in Western Labrador.

Last week however the United Steelworkers Union had good news to share, telling its members it signed a five-year collective agreement with Tacora Resources, an American company without a functioning website, for the Scully Mine operation.

Part of Wabush Mines, Scully Mine began operating in 1965, with iron concentrate railed to a pelletizing facility in Pointe Noire, Quebec, for shipment to Europe and throughout North America. Before it closed in 2014, a victim of low iron ore prices, Wabush Mines was Canada’s third largest iron ore operation, with an annual capacity of 6 million tonnes. The site since then has been tied up in regulatory proceedings. Continue Reading →

[Abitibi and James Bay Regions] Quebec’s golden pockets – by Virginia Heffernan (CIM Magazine – December 15, 2016)

http://magazine.cim.org/

Exploration spending is down across the board, but budgets for gold exploration have suffered less than other metals. And in two particular regions of Quebec – the established Abitibi gold belt and the emerging James Bay region – exploration drills are busily biting the rock.

The latest map of exploration drilling in Canada resembles a nighttime satellite image of the country: vast expanses of monochrome punctuated by clusters of brightness. If the clusters represented urban areas, the Abitibi greenstone belt straddling the Quebec-Ontario border would be a bustling metropolis and the James Bay region a small but growing municipality.

Despite a global slowdown in exploration spending that S&P Global Market Intelligence expects to continue into 2017, pockets of Quebec could be on the cusp of an upswing. The province’s share of Canadian drilling activity averaged about 30 per cent in the first nine months of 2016, reaching almost 40 per cent in August, according to analysis by S&P Global. Continue Reading →

Osisko Gold Royalty stock soars as company signs ‘transformational’ $1.13B deal to buy U.S. assets – by Sunny Freeman (Financial Post – June 6, 2017)

http://business.financialpost.com/

Montreal-based Osisko Gold Royalties Ltd. said it is more than doubling its precious metals portfolio with the $1.13 billion acquisition of diamond, gold and silver assets from U.S. private equity firm Orion Mine Finance Group.

Osisko has been seeking out such a “transformational” acquisition since the company formed three years ago, said CEO Sean Roosen. Monday’s announcement positions the company as the “leading growth story” among senior precious metals royalty companies, which also include larger peers such as Franco-Nevada Corp. and Wheaton Precious Metals, he said.

“We have kept our powder dry waiting for a transaction like this, we have deployed and we hope that our shareholders will be very happy with the outcome,” Roosen said on a conference call Monday. The news sent Osisko shares up more than 10 per cent Monday to $15.92 on the Toronto Stock Exchange. Continue Reading →

Osisko Mining expects winnings from Windfall – by Trish Saywell (Northern Miner – May 23, 2017)

Global mining news

Osisko Mining’s (TSX: OSK) 400,000-metre drill program at its Windfall project in Quebec should lead to a resource update before year-end, a feasibility study and permitting in 2018, and construction in 2019, president and CEO John Burzynski announced at The Northern Miner’s Canadian Mining Symposium in London.

“We could pour gold as early as 2020,” Burzynski said during a presentation at the one-day mining event at Canada House on May 9. “It’s an aggressive time frame … we’ve got an aggressive program, with lots of drills and more drills coming.”

Twenty-two drill rigs are turning at the project and Osisko will have 25 rigs by the start of June, in what is easily the largest drill program on any one deposit in Canada, and arguably the largest anywhere in the world. Continue Reading →

Having hit potential ‘tale of the tiger’, reinvigorated Northern Superior gathers momentum – by Henry Lazenby (MiningWeekly.com – June 1, 2017)

http://www.miningweekly.com/

VANCOUVER (miningweekly.com) – Junior exploration company Northern Superior Resources is building on the strong momentum gained in recent months, making two new gold discoveries at its Croteau Est project, in Quebec, and gearing up for further exploration at its key assets.

“It’s very exciting to get back to exploration again,” president and CEO Dr Thomas Morris told Mining Weekly Online in a recent interview (see attached video). “We find ourselves flush with cash and the aim is to demonstrate growth in terms of ounces.”

Morris pointed out that at March 31, the company had cash and cash equivalents of C$6.61-million, comprising C$2.11-million of flow-through funds, and working capital of C$5.55-million. Continue Reading →

Miner thinks small to resurrect big Canadian iron ore mine – by Susan Taylor (Reuters U.S. – May 24, 2017)

https://www.reuters.com/

TORONTO – Champion Iron Ltd is thinking small with its plans to bring Quebec’s giant Bloom Lake iron ore mine back to life. Chief Executive Michael O’Keeffe intends to slash costs while cutting millions of tonnes from a planned production expansion. The strategy runs counter to the traditional economy of scale formula, which bumps up production for proportional cost savings.

It may prove a prescient approach as iron ore prices pull back from 30-month highs in February. The recovery sparked signs of life for a handful of hibernating miners in Canada’s metal-rich Labrador Trough, straddling the provinces of Quebec and Newfoundland and Labrador, including Champion, Alderon Iron Ore and Tata Steel Minerals Canada.

Champion is taking a different tack with Bloom Lake than its previous owner and North America’s biggest iron ore producer, Cliffs Natural Resources, beginning with the price tag. Continue Reading →

Eldorado to acquire Integra as gold miners play it safe – by Nicole Mordant (Reuters U.S. – May 15, 2017)

http://www.reuters.com/

Eldorado Gold Corp agreed on Monday to purchase fellow Canadian mining company Integra Gold Corp for C$590 million ($432.4 million) in the latest move by gold miners to opt for less risky geopolitical regions in a lackluster gold market.

Canada’s stable legal and taxation system, clear way of getting mining permits and government support for the industry are drawing cards for miners as bullion stays rangebound between $1,100 and $1,300 an ounce, analysts and mining executives said.

The Eldorado cash-and-stock deal values Integra at C$1.21 a share, a 52 percent premium to Friday’s closing price. The deal sent Integra’s shares soaring 39 percent to C$1.12 on the TSX Venture Exchange on Monday. Eldorado’s stock dropped 7.8 percent to C$4.61. Continue Reading →