Seabridge Gold secures US$150 million in royalty deal

Seabridge Gold subsidiary KSM Mining has agreed to principal terms of a royalty agreement under which Sprott Resource Streaming and Royalty pays US$150 million for a 1.2% net smelter royalty for all metals produced at the KSM project in northern British Columbia, Canada.  The proceeds will be used to complete the physical works at KSM for which Seabridge expects to…

Read More

Copper Mountain back to business after ransomware hit

Copper Mountain Mining said its namesake operation in Princeton, British Columbia, is back in production after a ransomware attack. The cyber incident occurred on December 27 and involved an attack on the mine’s information technology (IT) servers. Officials said on Jan. 6 that the mill was at full production as of Jan. 1 and the operation was being stabilized as…

Read More

Teck’s Highland Copper earns Canada’s first Copper Mark

Teck Resources has confirmed that its Highland Valley Copper operations (HVC) in British Columbia has been awarded Copper Mark distinction – the first mine in all of Canada to do so. It is also Teck’s first copper operation to achieve the certification, though Teck said it has plans for its Carmen de Andacollo and QB2 projects, which is expected to…

Read More