Mining

Agnico Eagle Mine s has agreed to sell its shares of Probe Mines to Goldcorp , which announced its intended acquisition of the company on Jan. 19.

Richmont Mines is increasing the amount of its previously announced bought deal financing from $30 million to $34 million as it works to accelerate the expansion of its Island Gold Mine in northeastern Ontario.

Kirkland Lake Gold believes there are more ounces to be had deep within its South Mine Complex (SMC).

Two Thunder Bay firms are teaming up to advance a gold project on the East Coast. Benton Resources announced Jan. 20 that it’s executing an agreement with Nordmin Engineering to develop the Cape Ray gold project in southwestern Newfoundland.

Northwestern chambers of commerce urged the Wynne government to rein in spending, get cracking on the Ring of Fire, address the growing skills gap, and strive to deliver cheaper power to Northern manufacturers.

International Montoro Resources has contracted Orbit Garant Drilling Services for an exploration program at its Pecors Anomaly base metal property near Elliot Lake.

Kapuskasing Gold has appointed former government geologist Brian Atkinson to its advisory board. Atkinson served as the resident geologist with the Ontario Geological Survey offices in Timmins and Red Lake. In a Jan.

MacKenzie (Mac) Watson, one of the Ring of Fire discoverers, was inducted into the Canadian Mining Hall of Fame, Jan. 15 in Toronto.

Gold miner Goldcorp has announced its intentions to purchase Probe Mines , which has interests in the Chapleau area, for $526 million.

It may sound like something straight from science fiction, but for miners of the future, suits and helmets that monitor their vital signs, regulate their body temperature and communicate to aboveground operators isn’t so far from reality.