Ontario Mining News and Commentary

First Nickel closes a US$10 million loan facility with the Bank of Nova Scotia

Marketwire - Mining and Metals | May 19, 2012

First Nickel Inc. ("First Nickel", "FNI" or the "Company") (TSX:FNI) is pleased to announce that it has entered into a US$10 million revolving credit facility with The Bank of Nova Scotia ("BNS facility") with an initial 2 year term.

Man passes 1.7 carat diamond

Michael Allan McCrae | May 17, 2012

A 52-year-old man detained in a dry cell at a police station in Windsor, Ont., while they wait for him to give up a $20,000 diamond, has finally passed the stone. He is accused of swallowing the diamond last week.
Discord over NW Ont. mine was avoidable, lawyer says

CBC Ottawa | May 16, 2012

An American company planning to invest $3.3 billion on a Northern Ontario mine and processing plant has waded into the latest front in a countrywide battle over environmental issues and aboriginal rights, a mining consultant says.
Good news from West Timmins gives Lake Shore Gold 8% bump

Frik Els | May 10, 2012

Lake Shore Gold added 8.2% on Thursday after announcing positive financial and operating results for the first quarter as it accelerates a $160 million capex programme for the year.
Thousands of mining jobs coming to Canada's Northern Ontario thanks to new chromite project

MINING.com Editor | May 9, 2012

The Ontario Ministry of Northern Development and Mines announced today that Cliffs Natural Resources will invest $3.3 billion to build a chromite mine, transportation corridor and processing facility in Northern Ontario's Ring of Fire, generating thousands of jobs and new infrastructure.
Bolero jumps on graphite trend

Canadian Mining Journal | May 3, 2012

Proving there is still healthy demand for new graphite plays, new entrant Bolero Resources' share price nearly doubled after announcing it had secured some prospective graphite claims in northern Ontario.
First Nickel nearly doubles production in Q1

Andrew Topf | May 3, 2012

Toronto-based First Nickel (TSX:FNI) had a good quarter, raising its production at the Lockerby mine 87% from Q4 2011.
Northern Shield intersects gold and silver mineralization at Tempest

CNW Telbec | Mining/Metals | May 2, 2012

Northern Shield Resources Inc. ("Northern Shield") (TSXV: NRN) is pleased to announce results from the five hole drill program completed to date at Northern Shield's 100% owned Tempest property, in northern Ontario, which include two gold mineralized zones intersected in drill-hole TP12-07.
Junior mine developer Rubicon snatches Goldcorp veteran for top spot

Mineweb | April 30, 2012

Michael Lalonde is jumping ship from Goldcorp to Rubicon Minerals as the latter moves its Phoenix gold project in the Red Lake district through to production.
First Nickel shares collapse after ordered to stop operations at flagship mine

Cecilia Jamasmie | April 24, 2012

Canadian First Nickel Inc (TSX:FNI) shares were down almost 22% this morning (11:11 ET) to 70 Canadian cents, after the company was ordered to stop work at its key mine Lockerby by The Ontario's Ministry of Labour over safety issues.
Detour Gold Reaches 60% Construction Completion at Detour Lake

Marketwire - Mining and Metals | April 24, 2012

Detour Gold Corporation (DGC.TO – News) ("Detour Gold" or the "Company") reports on the construction progress of its 100% owned Detour Lake open pit gold mine in northeastern Ontario.
Rainy River shareprice slides 10 pct on capital cost speculation

Mineweb | April 21, 2012

Investors punish Rainy River Resources as its President and CEO Raymond Threlkeld warns of imminent capital cost escalation.
Vale's latest business sounds fishy, in a good way

Cecilia Jamasmie | April 20, 2012

Brazilian mining giant Vale has taken the concept of mining diversification to a new level by announcing that it will start raising fish by its Sudbury, Canada, location.
Lure of mining leaves First Nations struggling

CBC Ottawa | April 13, 2012

Isolation often takes the blame as the source of many problems on remote reserves. But North Caribou Lake Chief Pierre Morriseau has decidedly mixed feelings about that.
Sprott gives Lake Shore Gold $70 million and a 9% bump in its stock price

Frik Els | April 12, 2012

The company we will use the funds to bring its Timmins West Mine in Ontario Canada to full production, complete mill expansion and advance underground work at its other producing mine Bell Creek.
Gold Fields eyes Abitibi greenstone belt with C$40m Bear Lake option

Mineweb | April 10, 2012

A major gold producer – Gold Fields – and a small Canadian junior – Bear Lake – team up in one of the world's major gold belts – the Abitibi greenstones.
Liberty restarts operations

CNW Telbec | Mining/Metals | April 2, 2012

Liberty Mines Inc. (LBE:TSX) ("Liberty" or the "Company") today announced that its mining and milling operations have restarted in Timmins, consistent with the timelines announced previously by the Company.
Lake Shore Gold Announces Large Increase in Measured and Indicated Resources at Bell Creek Mine

Marketwire - Mining and Metals | March 30, 2012

Lake Shore Gold Corp. (TSX:LSG)(NYSE Amex:LSG) ("Lake Shore Gold" or the "Company") today announced an updated resource estimate for the Company's Bell Creek Mine which is located in Timmins, Ontario.
Zenyatta scream higher ahead of graphite discovery drilling results

Mineweb | March 30, 2012

Without any official news, Zenyatta Ventures shareprice skyrocketed almost 60%. Meanwhile it awaits results from drilling on a new graphite discovery.
Ontario pays God’s Lake Resources $3.5 million for surrendering mining lease

Cecilia Jamasmie | March 29, 2012

Ontario will pay $3.5 million to Toronto-based junior mineral exploration company God’s Lake Resources (GLR) for surrendering its mining lease and claims near the Kitchenuhmaykoosib Inninuwug (KI) First Nation.
Mitsubishi pays $81m for 25% stake in PGM mine

MINING.com Editor | March 28, 2012

Japanese conglomerate Mitsubishi Corp will pay $81.25 million to acquire a 25% ownership in the Marathon PGM and copper project owned by Stillwater Mining.
AuRico Gold dumps Australian mines for $105 million

Andrew Topf | March 28, 2012

AuRico Gold pulled the trigger on its Australian operations on Tuesday, selling the Stawell and Fosterville mines to Crocodile Gold Corp for up to $105 million.
Kirkland to buy Queenston JV stake for C$60m

Mineweb | March 28, 2012

A joint-venture between junior-miner Kirkland Lake Gold (TSX: KGI) and junior-explorer Queenston Mining (TSX: QMI) on properties near the former's Macassa mine in Ontario is coming to an end.
Barrick, Goldcorp holding breath as Canadian court poised to decide El Morro ownership

Andrew Topf | March 28, 2012

The two largest gold companies are bracing for a Canadian court's decision on who owns the massive El Morro copper-gold deposit in Chile.
Greencastle Options Base Metal Exploration Properties in Northwest Ontario

Marketwire - Mining and Metals | March 27, 2012

Greencastle Resources Ltd. (TSX VENTURE:VGN) ("Greencastle" or the "Company"), has signed a formal agreement with Linear Metals Corporation ("Linear") whereby Linear assigns all right, title, and interest in and to the option of three separate properties, covering a total of 37 claims located in Northwest Ontario.
Riding the graphite bull

Andrew Topf | March 27, 2012

Chris Berry, founder of Mountain Partners asset management company, provided an interesting summary of the graphite space while speaking at the recent Graphite Express Conference in Vancouver.