Archive | Canadian Media Resource Articles

This lithium exploration project could revitalize the Sask. oil industry – by Taylor Rattray (CTV News Regina – August 4, 2020)

https://regina.ctvnews.ca/

REGINA — A new project is bringing lithium exploration to Saskatchewan, and it could have major implications for the province’s oil industry.

Prairie Lithium Corp. is part of a project that will take oilfield brine water, and extract lithium through a series of chemical reactions.

“The lithium-free brine water is then sent back down hole for disposal, and the extracted lithium can be sent for further refining into battery-grade materials,” said Zach Maurer, president and CEO of Prairie Lithium Corp. Continue Reading →

Spectre of atomic bomb still looms over N.W.T. community 75 years after Hiroshima – by Katie Toth (CBC News North – August 5, 2020)

https://www.cbc.ca/news/canada/north/

Please note that the Germans and Japanese were also working to develop an Atomic bomb. https://lat.ms/39XwV1P and https://bit.ly/3fv8Oc6 – RepublicOfMining.com

Délı̨nę is haunted by its connection to the Manhattan Project and creation of the nuclear bomb

Seventy-five years after two nuclear bombs were dropped in Japan — killing hundreds of thousands of people in the cities of Hiroshima and Nagasaki — one small community in the Northwest Territories is still haunted by its connection to the blasts.

Across Great Bear Lake from the 533-person hamlet of Délı̨nę sits the historic mining site of Port Radium.

Workers originally mined radium for medical use. But at the height of the Second World War, the Canadian government quietly called for uranium production as part of the country’s involvement in the Manhattan Project. Continue Reading →

OPINION: Canada must acknowledge our key role in developing the deadly atomic bomb – by Setsuko Thurlow (Globe and Mail – August 1, 2020)

https://www.theglobeandmail.com/

Please note that the Germans and Japanese were also working to develop an Atomic bomb. https://lat.ms/39XwV1P and https://bit.ly/3fv8Oc6 – RepublicOfMining.com

Setsuko Thurlow is a Canadian nuclear disarmament campaigner who survived the bombing of Hiroshima.

On Aug. 6 and Aug. 9, the largest bell in the Peace Tower at the Parliament Buildings in Ottawa will ring 75 times to mark the dropping of the two atom bombs on the Japanese cities of Hiroshima and Nagasaki.

The arrangement was made by the Green Party’s Elizabeth May and Canada’s Speaker of the House, Liberal MP Anthony Rota. The bell ringing by the Dominion carillonneur Andrea McCrady will be livestreamed by the Peace Tower Carillon website so that it may be heard across Canada and around the world.

As someone who witnessed and experienced the consequences of nuclear war, I very often have brutal images in my mind of the atomic bombing. Continue Reading →

Ottawa orders federal review of Alberta coal mine expansion – by Emma Graney (Globe and Mail – July 31, 2020)

https://www.theglobeandmail.com/

Ottawa will re-examine a major expansion planned for the Vista coal mine in Alberta, saying Thursday a federal environmental assessment is necessary given how much the project would increase the site’s size and production.

The existing Vista coal mine is nestled in the foothills of the Rocky Mountains, near the town of Hinton.

Federal Environment Minister Jonathan Wilkinson told The Globe and Mail the expansion project would have “significant” environmental effects that fall under federal jurisdiction, thus triggering the need for an assessment. Continue Reading →

Giant Alaska copper-gold mine gets final environment nod after 15-year fight – by Cecilia Jamasmie (Mining.com – July 24, 2020)

https://www.mining.com/

Northern Dynasty Minerals (TSX: NDM) has cleared the last environmental hurdle for its proposed Pebble copper-gold-molybdenum mine in Alaska, almost two decades after developers first started considering the project.

The US Army Corps of Engineers issued on Friday a final environmental impact statement (EIS), backing the controversial mine in the Bristol Bay region.

The decision opens the door for Northern Dynasty to obtain the federal go-ahead as soon as late August. Continue Reading →

Yukon’s Gold Rush-era system for staking mineral claims, explained – by Julien Gignac (The Narwhal – July 30, 2020)

The Narwhal

Skeeter Wright has owned his densely wooded property in Whitehorse since the 1970s but, for the past two decades, he’s had to share it, in a sense, after a local company staked a piece of his land for mineral exploration.

It came as a surprise to Wright, who only learned about the claim from a neighbour at a community gathering some years ago.

The claim is still active and the company could choose to explore it one day — including the land outside his front window. Continue Reading →

What record high gold prices mean for mining companies in Canada — podcast – by Gabriel Friedman (Financial Post – July 29, 2020)

https://financialpost.com/

Episode 65 of the Down to Business podcast from the Financial Post

The price of gold has entered new territory, passing the US$1,900 per ounce mark for the first time since 2011. Technical analysts say all signs suggest gold could continue to climb amidst a weak U.S. dollar, declining interest rates and a general sense of uncertainty about the economy.

This week on Down to Business, Sean Boyd, chief executive of Agnico Eagle Mines Ltd., Canada’s largest gold producer, discussed what it’s been like to run a gold company amidst a pandemic, but also record high prices. Continue Reading →

OPINION: Troubled water: The slow drip of change in Attawapiskat is not and has never been enough – by Adrian Sutherland (Globe and Mail – July 30, 2020)

https://www.theglobeandmail.com/

Adrian Sutherland is a singer, songwriter, recording artist, and the frontman and founder of roots-rock band Midnight Shine. He lives in Attawapiskat, on the remote coast of the James Bay.

It’s been one year since the water contamination crisis in my home community of Attawapiskat.

In July, 2019, the Attawapiskat Band Council notified residents that our tap water had tested positive for potentially harmful levels of trihalomethanes (THMs) and haloacetic acids (HAAs) – byproducts of the disinfection process created when chlorine interacts with high levels of organic materials.

We were told not to bathe in it, not to cook with it and not to inhale vapours from it. A state of emergency was declared. This is our tap water that flows into our houses. It’s important to note we do not drink from our taps – and never have. Continue Reading →

Agnico Eagle CEO sees more M&A among world’s biggest gold miners amid record-high bullion prices – by Niall McGee (Globe and Mail – July 31, 2020)

https://www.theglobeandmail.com/

Sean Boyd, the head of Agnico Eagle Mines Ltd., predicts there will be more deal-making among the world’s biggest gold companies over the next few years, given the recent rapid-fire increase in the price of bullion.

The price of gold recently hit new all-time highs of more than US$1,960 an ounce after the COVID-19 pandemic caused extraordinary dislocation in financial markets. Historically, investors have sought out gold as a safe haven investment during times of extreme uncertainty.

During the last great bull run in gold that ran from the early 2000s to late 2011, some of the world’s biggest gold miners, including Canada’s Barrick Gold Corp. Goldcorp Inc. and Kinross Gold Corp., struck blockbuster acquisitions – many of which ended up destroying billions in shareholder value. Continue Reading →

GOLD: Auryn to acquire Eastmain, create Canadian-focused Fury Gold (Canadian Mining Journal – July 30, 2020)

http://www.canadianminingjournal.com/

TORONTO – Auryn Resources is acquiring Eastmain Resources in an all-share deal valued at $121 million to create Fury Gold Mines. By mid-day on Thursday, Eastmain shares were up by 57% or 10¢, rising to 27.5¢.

“Fury Gold will combine the high-grade gold projects: Committee Bay in Nunavut, Homestake Ridge in B.C. and Eau Claire in Quebec, to offer investors a robust, Canadian, gold-focused exploration and development company,” Ivan Bebek, Auryn’s executive chairman and director, said in a release.

“Fury Gold will have the capability and access to capital to develop and finance Eau Claire,” added Laurie Curtis, Eastmain’s chairman. Continue Reading →

Transforming our understanding of how and where orebodies form – by Carl A. Williams (Northern Miner – July 30, 2020)

Global mining news

Mining is a wealth-creation industry that produces the metals and minerals essential to every sector of our economy.

For instance, in 2018, Canada produced over 60 minerals and metals from almost 200 mines and 6,500 sand, gravel, and stone quarries valued at $47 billion, according to Natural Resources Canada.

Mineral exploration is at the front end of the mining industry, and the discovery of new orebodies is vital to meet the demands of a growing world population. However, finding new orebodies, particularly those rich enough to be developed into working mines, is hugely challenging. Continue Reading →

With deep pockets and long time horizons, China targets struggling Canadian gold companies – by Niall McGee (Globe and Mail – July 30, 2020)

https://www.theglobeandmail.com/

Chinese state-owned gold companies are going after some of the most troubled gold companies in Canada, betting that their deep pockets, cheaper access to capital and long time horizons will pay off.

In the past few months, Zijin Mining Group Co. Ltd. proposed a $323-million acquisition of Guyana Goldfields Inc., and Shandong Gold Mining Co. Ltd. offered to buy TMAC Resources Inc. for $207.4-million.

Both Toronto-based companies are among the most beaten-down assets in the Canadian gold sector, with Guyana long grappling with grade problems at its Aurora mine and TMAC struggling for years with an underperforming mill at its Doris mine in the Arctic. Continue Reading →

Gold rally, Chinese demand a boon to Canadian miners – by Cecilia Jamasmie (Mining.com – July 30, 2020)

https://www.mining.com/

Canada could see a wave of new gold deals and mines built in the coming months and years, thanks to strong bullion prices and improved demand for metals from China, EY analysts believe.

According to the consultancy’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies with market capitalizations of between $240 million and $3.6 billion— local miners are likely to continue benefitting from gold’s upward trajectory.

Prices for the yellow metal increased by 11% in the March-June period this year after a 6% gain in the previous quarter. Continue Reading →

Gold is surging, but silver could go ‘parabolic’ as precious metal ratio narrows – by Victor Ferreira (Financial Post – July 28, 2020)

https://financialpost.com/

Silver has risen 33 per cent in four months, and analysts see it hitting $30

The price of silver has shot up 34 per cent since the beginning of July in a whirlwind rally that has made some analysts more bullish on the precious metal than they are on its more beloved sibling, gold.

In truth, silver has been widely outperforming gold since the two bottomed in March, but it has received far less attention. Since March 18, the price of gold has rallied 33 per cent and grown in appeal for investors trying to hedge their portfolios against slow economic recovery, inflationary risk and currency devaluation.

In that same period, silver prices more than doubled and rallied nearly 108 per cent to reach a trading level not seen since 2013. Continue Reading →

As gold hits all-time high, Canadian miners step back from its glare – by Niall McGee (Globe and Mail – July 28, 2020)

https://www.theglobeandmail.com/

Chastened by past missteps, the Canadian gold industry is swapping recklessness for conservatism, and eschewing expensive deal making in favour of dividends, as the price of bullion hits new all-time highs.

On Monday, gold futures traded north of US$1,940 an ounce for the first time, surpassing the previous record of US$1,920 set back in September, 2011. The most-traded August futures settled at US$1,931 an ounce.

The ultimate safe haven investment, gold over the past few months has benefited from unparalleled volatility in financial markets, as the coronavirus has spread around the world and governments attempt to stave off a global depression by injecting trillions in economic stimulus. Continue Reading →