Archive | Timmins

Timmins gold operations helping to sustain Tahoe – by Len Gillis (Timmins Daily Press – August 12, 2017)

http://www.timminspress.com/

TIMMINS – Despite the legal difficulties Tahoe Resources is having at its Escobal silver mine in Guatemala, the company reports strong financial results for the second quarter of 2017, thanks in part to the company’s gold operations. Earnings per share ($0.11) have doubled what they were for the same period last year ($0.05).

Tahoe president and CEO Ron Clayton told shareholders this week the gold side of the company is helping to sustain Tahoe, despite the fact the Escobal mine is shut down because of a dispute with some local residents.

The Escobal operation is the third-largest silver mine in the world. The gold side of Tahoe includes the Timmins West mining complex and the Bell Creek Mine. Tahoe also has gold properties in Peru – those being the Shahuindo Mine and La Arena Mine. Clayton said work at the Timmins operations was going well. Continue Reading →

McEwen Mining acquires Timmins Black Fox Mine from Primero – by Staff (Northern Ontario Business – August 10, 2017)

https://www.northernontariobusiness.com/

McEwen Mining will acquire Timmins’ Black Fox Mine from Primero Mining in a deal worth $35 million. In a news release, McEwen said the transaction fits in with additional acquisitions the company has made in the Timmins camp.

McEwen acquired Lexam VG Gold in April. Lexam, which now operates as a subsidiary of McEwen, counts amongst its properties Buffalo Ankerite, Fuller and Davidson, along with a 61 per cent interest in the mineral rights on the Paymaster property (the remaining 39 per cent is controlled by Goldcorp).

“Our objective is to build a long-term production platform with a robust pipeline of production, development and exploration assets, all feeding into a single processing facility,” Rob McEwen, chair and chief owner, said in the release. Continue Reading →

Dome underground mine closing in December – by Emma Meldrum (Timmins Daily Press – August 2, 2017)

http://www.timminspress.com/

TIMMINS – Porcupine Gold Mines announced Tuesday that mining operations are ending permanently at the Dome underground mine.

“This was a difficult decision, but one that is in the best interest of the long-term sustainability of the Porcupine Gold Mines complex,” said Marc Lauzier, mine general manager of Goldcorp’s Porcupine Gold Mines, in an emailed statement.

“These things are never easy,” Lauzier said later by phone. “Absolutely, it’s a difficult announcement for me to make, but from my point of view, it’s also about optimizing the business to help me secure investments for some of the other projects that we’re trying to do in the area, including Hoyle, including Hollinger, including Borden, and including eventually Century. We have to make these decisions in order to secure those investments.” Continue Reading →

Sage Gold puts the pieces in place for 2018 production – by Ian Ross (Northern Ontario Business – July 25, 2017)

https://www.northernontariobusiness.com/

Picking up the Clavos Mine near Timmins has been about as turn-key as a mining project gets for Sage Gold. Things have fallen nicely into place for the Toronto developer as the company transitions from being a pure exploration player to becoming a mine operator in one of the world’s richest gold camps by early next year.

The Clavos Gold Project, 32 kilometres northeast of the city, was one of the few fully permitted mines in Canada that was sitting in mothballs in the East Timmins gold camp. Sage completed its phased-in acquisition of the former St. Andrew Goldfields mine last fall and had the provincial government reactivate the mine’s production permit.

With a private equity partner on its side, the company raised $11.5 million last November, and has raised a few million more since then. A good chunk is devoted to refurbishing the portal-and-ramp mine with the aim of restarting commercial production by the second quarter of 2018. Continue Reading →

[Ontario] Research to keep miners cool at extreme depths – by Len Gillis (Timmins Daily Press – July 25, 2017)

http://www.timminspress.com/

New research is underway to help miners stay cooler while working at extreme depths underground. Such research could eventually benefit workers at the Kidd Mine in Timmins, which is the deepest base metal mine in the world.

Research scientist Dr. Stephen Cheung of Brock University said the ultimate goal is to find ways to make miners feel cooler and more comfortable and therefore be able to contribute more to more production. “As you know the deeper you go, the hotter the mines are and the greater the energy costs to ventilate those mines so that the miners can actually be working underground,” said Cheung.

“The idea here really is rather than cooling the entire chamber, it is most likely much more cost effective and efficient to be cooling the individual miners. So that’s kind of the genesis or the idea for the whole project,” he added. Continue Reading →

Porcupine camp remains mineral rich – by Thomas Perry (Timmins Daily Press – June 13, 2016)

http://www.timminspress.com/

Please note this article is over a year old but still very relevant. – Stan Sudol

The Porcupine camp may be more than 100 years old, but that doesn’t mean geologists
have unlocked all its secrets.“There is also a new model in the camp,” van Hees said.

TIMMINS – The Porcupine camp has been producing gold for more than 100 years and there is no indication that is about to change anytime soon. Ed van Hees, Regional Resident Geologist for the Timmins District with the Ministry of Northern Development and Mines, points out between Timmins and Kirkland Lake, there are currently 16 operating mines and 13 of those are gold deposits.

“In terms of gold deposits, there are now, I think, 12 deposits that have produced 10 million ounces and three of them are in Timmins — the Holllinger, McIntyre and Dome mines,” he said.

The boundaries of the Porcupine camp are open to interpretation, depending on who you are talking to, but from van Hees’ perspective it extends 30 or 40 kilometres beyond (Tahoe Resources/Lake Shore Gold’s) Timmins West mine and stretches through the Hollinger, Dome McIntyre and 20 to 30 kilometres to the east of the (Glencore Kidd operations) smelter. Continue Reading →

HISTORY: Roots of Timmins’ storied links to hockey – by Karen Bachmann (Timmins Daily Press – March 24, 2017)

http://www.timminspress.com/

Karen Bachmann is the curator/director of the Timmins Museum and a writer of local history.

TIMMINS – As you probably know (or maybe you never really thought about it), I don’t usually write about sports – I am smart enough to leave that to the professionals.

By no stretch of anyone’s imagination can I be considered a “sports person”. I know the very basics, have favourite teams (a Habs fan from time immemorial, and I follow Premier League soccer), but I am in no way equipped to conduct a semi-intelligent conversation on the finer points of the game – or any contest, match, bout or derby, for that matter.

Come to think of it, I cannot fully appreciate some of those sports discussions which invariably feature the minute deconstruction of a player’s performance and style, which, I am sorry to say, just sounds an awful lot like “man gossip” to me, but what do I know? Continue Reading →

HISTORY: The Mac serves as Timmins’ hockey temple – by Karen Bachmann (Timmins Daily Press – November 26, 2016)

http://www.timminspress.com/

Karen Bachmann is the curator/director of the Timmins Museum and a writer of local history.

TIMMINS – In honour of Hometown Hockey Weekend here in Timmins, I feel that I have to go back and look at an article I wrote a while ago on the McIntyre Arena (home to Hometown Hockey, as it were, this weekend!).

While there is a lot of discussion out there about the arena itself, you cannot deny that it is our very own temple to the game.

Talk about history – it’s the rink that was home to many legendary local hockey teams (and quite a few NHLers to boot, including the Mahovlich brothers, Bill Barilko, Paul Harrison, Allan Stanley, Dean Prentice, Murray Costello and his brother Les, Steve Sullivan and so many others), as well as the headquarters for the world-famous Schumacher Skating School.

It’s also hosted umpteen concerts, circuses, conferences, trade shows, banquets and horticultural shows. It has been used to say goodbye to prominent citizens (Father Les Costello), and to ordain our local Catholic bishops. I would go even so far as to say that “The Mac” is a building that helps define who we are as residents in this city. Without it, we would be very much poorer. Continue Reading →

Jack Bickell Chairman of McIntyre-Porcupine Mines: The Man Who Built Maple Leaf Gardens in the 1930s

Video from: http://www.sportsnet.ca/

“You could say, without exaggerating, that Bickell was the cornerstone of the whole project.” – Conn Smythe on Bickell’s role in the construction of Maple Leaf Gardens

Canadian Mining Hall Fame: John Paris Bickell (1884 – 1951) Inducted in 2000

Most follow one path, but John Paris Bickell commanded several successful careers during his extraordinary life. He opened a brokerage firm at the age of 23 and was a millionaire by 30. In 1919, he left the investment business to become president and, later, chairman of McIntyre-Porcupine Mines, one of Ontario’s first and most important gold producers.

Bickell’s achievements went beyond the realm of business, as he had a keen sense of civic duty. During the Second World War, he was appointed by Lord Beaverbrook to Britain’s Ministry of Aircraft Production, where he served with the airplane supply board during the blitz. Upon his return to Canada, he assumed responsibility for Victory Aircraft, the federal agency that manufactured Lancaster bombers for the Royal Canadian Air Force. Continue Reading →

Gold from every drill hole: Gowest Gold drills, preps site for future Timmins mine – by Staff (Northern Ontario Business – July 7, 2017)

https://www.northernontariobusiness.com/

Gowest Gold found gold mineralization in all 23 drill holes from a recent exploration campaign at its future gold mine near Timmins. The Toronto-based mine developer is in the midst of driving a ramp to take a 30,000-tonne bulk sample at its Bradshaw Gold Deposit.

The company said the advanced drill program was designed to refine the geological model and the stope design in the upper part of the deposit where the sample will be extracted in the third quarter of this year. The 2,097-metre program produced some encouraging gold intercepts, including 7.70 metres at 8.26 grams per tonne (g/t), including 2.0 metre at 22.75 g/t gold.

“This gives us confidence in our resource model and with several holes intersecting gold grades higher than anticipated it supported our interpretation that the Bradshaw Deposit has room to grow and the potential to be a very successful gold mine,” said Gowest exploration director Jeremy Niemi in a July 7 news release. Continue Reading →

Goldcorp makes headway with plan to give Dome mine a new life – by Cecilia Jamasmie (Mining.com – July 4, 2017)

http://www.mining.com/

Canada’s Goldcorp (TSX:G) (NYSE:GG), the world’s number four bullion miner in terms of output, is moving forward with its Century project, which aims to extend the life its century-old Dome mine in Ontario.

The Dome mine received a death sentence in January 2016, when Goldcorp announced it was closing the operation in the summer due to weak bullion prices that nearly half the company’s share price over the previous year.

A few months later, however, the company literally stroke gold as it found indicated mineral resource of 4.5 million ounces and a gold inferred mineral resource of 0.9 million ounces (for a total of 5.4 million ounces) at what is now being called the Dome Century Project. Continue Reading →

A new century of mine production: Porcupine Gold Mines considers new pit in Timmins – by Lindsay Kelly (Northern Ontario Business – June 29, 2017)

https://www.northernontariobusiness.com/

As Porcupine Gold Mines (PGM)-Goldcorp’s mining reserves become more depleted in Timmins, the company is embarking on a new project to take its operations into the next century. The proposed Century Project would expand the original Dome open-pit operation, which was mined between 1996 and 2004, to the northeast, and operate for 10 or more years.

PGM’s Dome underground and Hollinger open-pit mines have limited resources left, and so the Century Project is a way for the company to extend its longevity in the Timmins camp, said Marc Lauzier, general manager at Porcupine Gold Mines (PGM)-Goldcorp.

“If we just stay with the one underground concept, then at some point we’ll disappear; we won’t survive,” he said. “If we want to be economically viable and if we want to continue to contribute to Timmins, we need projects like this to make that happen, and so this is just an example of some of the ideas we have to take PGM into a second century in the Timmins camp.” Continue Reading →

IAMGOLD secures Japanese partner to develop Gogama open-pit mine – by Staff (Northern Ontario Business – June 6, 2017)

https://www.northernontariobusiness.com/

Miner inks $195-million joint venture with Sumitomo Metal Mining to develop Côté Project

IAMGOLD is teaming up with a Japanese mine developer to advance its Côté Gold Project toward the feasibility stage and eventually open-pit mining.

The Toronto-headquartered mid-tier miner announced June 5 that it’s signed a joint venture (J-V) agreement with Sumitomo Metal Mining of Tokyo in a $195-million partnership arrangement. Sumitomo buys itself a 30 per cent stake in the northeastern Ontario project.

IAMGOLD will hold majority ownership and will be the operator during development and once the Côté open-pit mine is in operation. This transaction is expected to close by the end of June. “It will enable us to move the project into development and to significantly diversify our production profile as a result of future production from our Canadian operations,” said IAMGOLD’s President and CEO Steve Letwin in a statement. Continue Reading →

Gowest aims to start production in 2018 – by Len Gillis (Timmins Daily Press – June 3, 2017)

http://www.timminspress.com/

TIMMINS – Just 24 hours after taking his first trip underground in his first ever gold mine, Gowest president and CEO Greg Romain had some encouraging words for junior mining executives and exploration workers this week. “You’ve got to keep it up. Like, you can’t give up. It is a tough game, especially when you’re a junior.” Romain said Thursday at the big event Canadian Mining Expo.

Romain was one of several speakers invited to take part in the Investor’s Forum. He was there to tell the story of developing the Bradshaw Deposit, located just north of the built up area of Timmins on a parcel of land near Highway 655.

That’s where Romain was on Wednesday of this week, inspecting the latest work now that the company has completed its first blast and is ramping downwards with Cementation Canada as the contractor. The first blast to open the portal was on May 11. Continue Reading →

Tahoe investing big bucks in Timmins operations – by Len Gillis (Timmins Daily Press – June 1, 2017)

http://www.timminspress.com/

TIMMINS – It has been just over a year that Tahoe Resources Inc. came onto the mining skyline in Timmins and in that period the company has wasted no time moving forward. In fact Tahoe is poised to spend upwards of $350 million in the Timmins area this year alone.

That was part of the welcome news brought to the table Thursday afternoon by Mark Utting, Tahoe’s vice-president of investor relations. Utting was the keynote speaker at the Investor’s Forum held as part of the Big Event Canadian Mining Expo at the McIntyre Community Building.

He recalled that it was April 1 of last year that Tahoe moved in to acquire all the assets of Lake Shore Gold, the newest commercial gold mining company in the city, with operations at Bell Creek and the Timmins West mining complex. Continue Reading →