Business

Wesdome Gold Mines Ltd. has announced the fourth quarter (Q4) and full year financial results for the year ended December 31, 2016. All figures are stated in Canadian dollars unless otherwise noted. 2016 SUMMARY:  Gold production of 47,737 ounces, (2015: 50,470) in line with the Company’s revised guidance of 45,000 – 50,000 ounces Eagle River Mine underground production of 40,252 ounces ...

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Feb 21, 2017 @ 11:39 Rentech, Inc. announced today that its board has decided to idle the Wawa facility due to equipment and operational issues that would require additional unbudgeted capital investment. Today’s decision also results from continued uncertainty around profitability on pellets produced at the facility, making additional investment in the facility uneconomic for Rentech at this time. Idling ...

Red Pine Exploration Inc. announces that it has staked an additional 194 hectares adjacent to its Wawa Gold Project, bringing its total land package to 5,373 hectares (Figure 1 to right). The staked ground appears to be an extension of the structure hosting the Golden Reed Mine which operated in 1907 and 1908 (calculated grade of production of 2.3 oz/ton ...

Red Pine Exploration Inc. is pleased to announce that it has entered into an agreement with Eventus Capital Corp. under which the Agent has agreed to act on behalf of the Company for a combined private placement of up to 16,670,000 units of the Company at a price of C$0.12 per Unit and a further 20,690,000 common shares of the ...

At the end of 2015, Wawa area gold mines have produced over 3,000,000 ounces from about 13,000,000 tons of ore mined. Two gold mines in the region produced over 1,000,000 ounces of gold each: Renabie Gold Mines Ltd. (Renabie Mine) which operated from 1947 to 1991, and Wesdome Gold Mines Ltd. (Eagle River) which is still actively operating today. This is a remarkable achievement for area ...

The Honourable Lisa Raitt, Minister of Transport, announced today that the Government of Canada will extend its $2.2-million federal subsidy to CN for the operation of the Algoma Central Railway (ACR) passenger rail service between Sault Ste. Marie and Hearst, Ontario until March 31, 2015. The one-year extension of federal support for the operation of the ACR passenger rail service will give affected stakeholders as well as local municipal ...

At 7 a.m. this morning, Rentech announced the acquisition of Georgia-based Fulghum Fibres, Inc. (Fulghum Fibres) and the acquisition of two facilities (for conversion to the production of wood pellets in Ontario, Canada, along with contracts for the sale and transport of more than four million metric tons of wood pellets over ten years. “Rentech has exclusive rights to acquire, at a ...

Maxfield’s Jewellers has changed their name and location. They used to be located right across from Lion’s Beach and the Drill Rig and was called Maxfield’s Jewellers. Now they have found a new home in the old Bank of Montreal on the corner of Broadway Avenue and Gold Street.   The new premises are bright and airy, with lots of ...