Industry News

Wallbridge to acquire Quebec gold propertyDrilling at the Fenelon property By: Northern Ontario Business staffSudbury-based Wallbridge Mining Company has entered an agreement to acquire the Fenelon Gold property from Balmoral Resources Ltd. for $3.6 million.Fenelon Gold is located in west-central Quebec and is located within the same geological belt that hosts the Detour Gold Mine located 185 kilometres...
Tahoe bets big on Lake Shore GoldTahoe Resources’ new Lake Shore Gold Division includes the Timmins West Mine, the Bell Creek Mine and Mill and several additional properties. By: Walter FranczykThe ink was barely dry on the deal to combine Tahoe Resources with Lake Shore Gold Corp. when company officials outlined plans to boost gold production in Timmins.Tony Makuch, president of Tahoe’s Canadian operations, as well as Tahoe executive chair Kevin McArthur and Tahoe president and COO ...
Richmont looking to dig up $27 million By: Northern Ontario Business staff Richmont Mines is out to raise $27 million to extend the mine life and find gold reserves near its Island Gold Mine in northeastern Ontario. The gold miner announced May 16 of an agreement with Macquarie Capital Markets Canada as the lead underwriter for the issuance of 2.6 million common s...
Wait for year’s end on Porter expansion newsAt its 10-year anniversary, Porter Airlines president-CEO Robert Deluce said introducing flights between Northern Ontario cities is not on the regional air carrier’s immediate radar. By: Ella Myers While most teenagers dream of learning to drive a car, Robert Deluce spent his youth flying planes around Northern Ontario. The Chapleau-born, White River trained-pilot didn't get his official licence from Toronto's Billy Bishop Airport until late in high school, but he was flying long befo...
Holding company grabs another northwest gold project By: Northern Ontario Business staff Vancouver’s First Mining Finance is making a move to acquire Tamaka Gold and its Goldlund project near Sioux Lookout. First Mining announced May 16 that it has signed a “definitive amalgamation agreement” with privately-held Tamaka and its 26,000-hectare gold project, halfway between Dryden ...
Province not moving fast enough on prompt paymentWith an independent review completed, Ontario’s construction industry wants swift action by Queen’s Park in tackling the critical issue of late payments for work completed on construction projects. By: Ian Ross Sault Ste. Marie Construction Association manager Adam Pinder describes the prompt payment issue in Ontario as a “huge, epidemic” problem with far-ranging impacts on the province’s economy. After the city’s largest private employer, Essar Steel Algoma, went into creditor protection last fall...
Quebec junior exploring around Kidd Mine Glencore is wrapping up production at its Kidd Creek Mine in 2021, but a Rouyn-Noranda junior miner believes there’s more zinc and copper to be found. By: Northern Ontario Business staff Glencore is wrapping up production at its Kidd Creek Mine in 2021, but a Rouyn-Noranda junior miner believes there’s more zinc and copper to be found. Explor Resources has started a geophysical program to define targets on its properties, 20 kilometres north of Timmins, following by a 3,000-...
Temiskaming silver digger signs First Nation deal By: Northern Ontario Business staff A Vancouver junior miner that’s digging for high-grade silver near Temiskaming Shores is working with a First Nation band to explore around a former underground mine. Brixton Metals announced May 10 that it has struck an exploration agreement with the Timiskaming First Nation (TFN) for its L...



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