Mining

Kirkland Lake Gold is looking to raise $15 million for exploration activities at its Timmins and Kirkland Lake properties through a non-brokered private placement.

Oban Mining Corp. is changing its name to Osisko Mining Inc. The company said the name change will better reflect the “evolution of the corporation since the beginning of its consolidation activities in Ontario and Quebec.

Gowest Gold received advanced exploration permits from the province to mine a bulk sample from its Bradshaw gold deposit, northeast of Timmins.

Vancouver’s First Mining Finance has finalized its acquisition of Tamaka Gold and its Goldlund gold project, near Sioux Lookout.

Score one for Ontario.

Tony Makuch has resigned his post as vice-president of Canadian operations at Lake Shore Gold , and will take on the position of CEO at Kirkland Lake Gold .

Montreal miner MDN has picked up a niobium deposit in the James Bay lowlands. The company announced June 7 that it has signed a purchase agreement to acquire the Argor property from Barrick Gold Inc., James Bay Columbium and Goldcorp.

Richmont Mines raised $31 million in gross proceeds to extend the mine life of its Island Gold Mine in northeastern Ontario, and scout around for new reserves.

The City of Greater Sudbury is getting ready to build the $80.1-million Maley Drive extension, and contracts were set to be tendered by the end of May.

The mining industry is producing something besides minerals these days: it’s producing massive quantities of data. Data on finances, safety, equipment, productivity, scheduling, and more.