Recent drilling was designed to test potential epithermal feeder systems at Targets B and C at the…, Developer Rockcliff Metals has met the required exploration spend to earn a 100% interest in the 39.8-sq.-km Bur copper-zinc property in Manitoba, 28 km from the town of Snow Lake. When operational, the mine will be an open-pit heap-leach mine and is expected to have a 92-percent gold recovery rate. Granted, Alamos Gold is too large of a company to invest in based on this project alone, but if all of Alamos Gold's projects had these economics, then investing in the company would be a wise decision. Underground mining has resumed at HudBay Minerals‘ 777 mine in Flin Flon, Man., two weeks after a hoist rope detached from the skip at the operation, causing … Residents thus travel … Among the projects that have substantial information to provide to investors, the most attractive projects, in my opinion, are the Alamos Gold Lynn Lake and the Hudbay Minerals' Lalor projects. As of today, the Rice Lake belt is the most significant comprehensive gold discovery in Manitoba based on past production and total resources that have already been identified. Alamos completed a feasibility study in December of 2017. This resource also contains attractive amounts of copper, zinc, and silver, with the primary focus being copper. Trish Saywell, June 11, 2020 by
Manitoba is one of the central Canadian provinces just to the west of Ontario. But this town, which is buried in the Boreal forest on the Manitoba-Saskatchewan border, is a gem for many more reasons. Canadian Mining Journal, October 26, 2020 by
I wrote this article myself, and it expresses my own opinions. … Manitoba is not well known for its gold production when compared to other Canadian provinces. Canadian Mining Journal, September 22, 2020 by
Flin Flon has been a a mining centre since Hudson Bay Mining and Smelting Company (now Hudbay Minerals) started in 1927. Their latest resource increase of 130 percent came from about 50,000 meters of drilling, which they intend to again drill about 50,000 meters total in 2020. The company believes this trend can continue. Canadian Mining Journal, September 23, 2020 by
Underground mining has resumed at HudBay Minerals‘ 777 mine in Flin Flon, Man., two weeks after a hoist rope detached from the skip at the operation, causing the skip to fall to the bottom of the shaft. To earn this stake, Rockcliff spent approximately $3 million on…, The most recent drill results from Rockliff Metals’ wholly owned Tower property in central Manitoba have increased the strike length of the Tower deposit to 1,000 metres and hit mineralization at depths of approximately 800 metres. HudBay resumes mining at 777 after hoist incident October 26, 2020 by Canadian Mining Journal . It is adjacent to the Laguna Property, which is owned by Rockcliff Metals but optioned out to Kinross Gold. To start, a strong foundation built upon a proven technical team, zinc-rich deposits in established Canadian mining jurisdictions, and an established base of institutional shareholders. The mine produces gold, zinc, and copper. I have no business relationship with any company whose stock is mentioned in this article. Our 777 mine (copper, zinc, gold, silver) in Flin Flon is approaching the end of its mine life after 15 stellar years. During the 10-year life of the mine, the company believes the AISC will average $745 per ounce. The company considers it a low-risk project with existing infrastructure already in place. Alamos expects construction to begin in 2022. By this measure, they think they have a very commercially attractive project which they aim to demonstrate in the image below taken from their presentation. If this were a company with this being its only mine, then I would certainly invest. Flin Flon helped shape Hudbay’s values of dignity and respect, caring, openness and trust, which reflects how we … October 26, 2020 by
[2019 TR, 92] Flin Flon concentrator processes 777 ore into copper and zinc concentrates. Our team brings over 40 years of experience and involvement with gold mining stocks, silver stocks and zinc stocks. In 2019, the company produced around 70,000 ounces of gold. However, upon closure of the Reed mine in July 2018, the Flin Flon concentrator now treats primarily 777 ore and Lalor ore in batches as scheduled (a portion (the excess) of the ore mined from Lalor mine). There are four primary areas inside Manitoba with gold producing potential. 1911 Gold is the owner of the True North gold project and the Apex Property. This is evident from its work over the past ten years, as shown in the chart below. Foran owns a 100% interest in the McIlvenna Bay Property, subject to a 1% NSR held by Cameco Corporation and BHP Billiton. The property has never been explored. Alamos Gold became the owner of the Lynn Lake gold project since 2015 when it acquired Carlisle Goldfields. Dan Sekulich, June 11, 2020 by
The company's land package, located near the Rice Lake belt, is greater than 54,000 hectares, which include both brownfield and greenfield potential. Hudbay currently trades with a market cap of about $1 billion. The project includes 752 hectares of land. 5,600), is the largest commercial/residential centre in the area and a railhead on the Hudson Bay railway. The company believes a decision will get made regarding advancing towards production sometime in late 2020 or early 2021 when they will receive a NI 43-101 feasibility study. MINING.COM Staff, October 20, 2020 by
In addition, it believes it has 49,000 ounces of gold from old tailings at its processing facility. The facility has historically produced about 2 million ounces of gold. Copper-Gold Property. I am not receiving compensation for it (other than from Seeking Alpha). The True North project is the company's flagship project and was a past-producing mine with a state-of-the-art 1,200 tpd processing facility. The company currently trades with a market cap of $30 million. The Lalor mine is expected to have a mine life of 10 years to 2030. Flin Flon (pop. The mine has proven and probable reserves of 2.2 million gold ounces. Rockcliff Gold Focused Property - Goldpath. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The company's primary goal in the Snow Lake area is to increase gold resources and reserves to improve the site's mine life. Damage to the…, Dominican Republic-focused miner Unigold has released results from its ongoing drilling at the Candelones Extension deposit, part of the company’s 210.3-sq.-km Neita concession. Yamana Gold's most recent update on the project was given in February of this year. The company believes that the Flin Flon area has a history of reserve growth once commercial production begins. Yamana Gold is in the early stages of exploration of the Domain Project, where it entered a JV agreement with New Dimension Resources. This concludes this coverage of gold mines in Manitoba. Carl Williams, September 3, 2020 by
The Laguna gold mine has been optioned to Kinross Gold, who has the potential to earn 70 percent ownership in the project by spending $5.5 million. However, it has a number of attractive projects due to its developed infrastructure and its mining-friendly jurisdiction. There's the Lynn Lake belt, Flin Flon belt, Rice Lake belt, and the Oxford-Stull domain. When looking for potential mining stocks or penny stocks to buy that can be a part of a larger diversified portfolio, Callinex Mines provides investors with considerable exposure to increasing metals prices and exciting new discovery potential. The company's property has a resource of 226 thousand indicated gold ounces and 198 thousand inferred ounces. As consideration for the buy-back, Hudbay…, David Daoud, vice-president of exploration and geology at newly listed Sun Peak Metals (TSXV: PEAK), was part of the exploration teams that discovered the Bisha and Asmara gold deposits in Eritrea when he worked for Nevsun Resources and its sister company, Sunridge…, While gold miners have been stealing the pandemic limelight as that precious metal’s price has soared, copper miners have struggled with the collapse of their main markets, like China, and the closure of major production mines in places like Chile…, AUSTRALIA – Envirostream Australia, a 90%-owned subsidiary of Lithium Australia, has announced that it is working on a project aimed at assessing the use of zinc and manganese derived from recycled alkaline batteries as micronutrients in blended fertilizers. TORONTO, ON – August 14, 2020 – Copper Reef Mining Corporation (CSE:CZC) is pleased to announce that it has changed its name to Vo readmore. Yamana Gold is the operator on the project and owns 70 percent while New Dimension owns 30 percent. The Alamos Gold Lynn Lake project has attractive economics at today's gold prices, with an NPV of over $570 million and 38% IRR. If these larger companies can identify attractive projects, then some of the small prospective companies in Manitoba may also find attractive projects. About Foran Mining Foran Mining is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. MINING.COM Staff, June 1, 2020 by
The underground mine, which has been producing base and precious metals since 2004 and employs over 800 people, is approaching the end…, Mining companies operating in Mexico are showing concern, after the country’s government scrapped the mining sub-secretary post, one of the Ministry of Economy units, as part of a broader austerity drive on Tuesday. – One of the most significant VMS districts in the world with production totaling over 130 million tonnes, – Over 30 deposits have been mined, most of which are high-grade copper and zinc-rich deposits, – HudBay has been actively mining in the area and requires additional ore within four years, – Callinex owns a large land package within close proximity to HudBay’s operations, Over 50% of deposits have been advanced to production, totaling 32 mines which have led to 86 consecutive years of mining, Over $1.6 billion invested towards mine development with road, rail, power and water infrastructure to facilitate quick development of new discoveries, Typically less than six years from discovery to development with reduced capital expenditures. Carl Williams, June 1, 2020 by
Hudbay primarily focuses on Copper production, so until copper prices make a substantial rebound, their share price will likely be weighed down. Long Only, Deep Value, Value, Growth At Reasonable Price. Final production is anticipated in 2022. Keep in mind the feasibility study was completed in 2017, so economics may have changed, but that is still an excellent all-in cost per ounce. Manitoba produces only a fraction of Canada's gold; however, some well-known medium-sized companies are currently exploring in the region.