Canadian explorer Ascot Resources has commenced ore processing at its Premier gold project on Nisga’a Nation Treaty Lands in northwestern British Columbia. The company anticipates the pouring of first gold later this month. Waste rock was initially introduced into the grinding circuit of the mill on March 31 in order to pad the semi-autogenous grinding (SAG) and Ball mill liners…
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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 MoreCopper 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 MoreTeck’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…
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