Mining

Visit our media lounge in the Outdoor Pavilion, booth # 1. Free coffee, water and issues of NOB and Sudbury Mining Solutions Journal (SMSJ). Visit our media lounge in the Outdoor Pavilion, booth # 1.

Pele Mountain Resources and Goldcorp are reactivating their joint venture Festival project near Wawa.

Detour Gold announced May 21 that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, in buying 17,500,000 common shares of the company in order to raise $153 million. The offering closes June 11.

High water levels this spring have temporarily suspended mill operations at Brigus Gold in northeastern Ontario.

AurCrest Gold announced May 22 that it has received a government-issued exploration permit for its Richardson Lake gold discovery in the Birch-Uchi belt located between the Pickle Lake and Red Lake Gold camps.

Kirkland Lake Gold reported higher gold production in its fourth quarter following upgrades at its Macassa mine. In a May 14 release, the company reported production increased by 46 per cent (31 503 ounces) in its third quarter (21, 601 ounces).

Ontario Graphite announced May 13 that the Ontario Ministry of the Environment has approved final operating permits to re-commission a graphite mine near Kearney in the Parry Sound district.

Maria Story only intended to work out of a home office in Haileybury to offer environmental consulting services. Her plans had to change as she became busier and she now heads an established firm with a staff of nine.

Nipissing District’s mining -related employers, as in other areas across the North, are facing a shortage of skilled workers.

With shaky world markets and low commodity prices, mining companies are having a hard time raising capital for their exploration projects.