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Alamos Gold Inc

Alamos Gold Inc. expects significant free cash flow growth in 2017, driven by a combination of lower costs and capital spending.

Kirkland Lake Gold

A two-pronged strategy to achieve growth is paying off these days for Kirkland Lake Gold Inc. The strategy is based on acquisitions and a heavy investment in exploration. Through the acquisition of St Andrew Goldfields Ltd. on Jan. 26 the company acquired both established producers and Ontario’s latest gold mine, the Taylor, in the Golden Triangle. The Triangle comprises the historic Timmins, Matheson and Kirkland Lake Mining Camps. KL Gold raised $15 million in July through a non-brokered private placement financing. One of the purposes of the financing is to support an $18 million exploration budget for 2016. KL Gold now has four producing mines, the Macassa in Kirkland Lake and the Holt, Holloway and Taylor in the Timmins-Matheson area. As well, it now has a significant land package in what it calls its East Timmins Holding.

New Detour West gold mine

The life of the Detour Lake Gold Mine, already having the biggest gold reserves in Canada, is being extended by the creation of a new mine beside it. Detour Gold Corporation chief executive officer Paul Martin says the permitting process is underway for Detour West, a second open pit operation on the company’s site located 185 km by road northeast of the Town of Cochrane.

Timmins gold holdings

Tahoe Resources Inc. is making several important, and expensive, moves in the Timmins Gold Camp to achieve its ambition of reaching 250,000 ounces of production by 2020. Among the steps taken are decisions to spend $80 million to deepen the shaft at the Bell Creek Mine from 300 to 1080 metres, to work towards putting former producer Hallnor Mine into production as an open pit operation and to study expanding the Bell Creek 3,600 tonne per day mill to 5,500 tonnes per day. It paid $12.5 million in cash to Goldcorp Inc. for its 2% net smelter return royalty (NSR) related to production at Tahoe’s 100%-owned Bell Creek Mine and ordered accelerated exploration at a number of its local projects.

Exploration turns corner

The Golden Triangle comprising the mining camps of Timmins, Matheson and Kirkland Lake continue to buzz with improvements to some of the Region’s 16 producing mines and companies spending money on 109 exploration projects. The Golden Triangle lies partially in the Timmins Mining District and in the Kirkland Lake Mining District. While 2015 was not the best of years, veteran mining observers say a corner has been turned and the bad times for mining, especially exploration, are behind us. Among the industry’s cheerleaders is Northern Development and Mines Minister Michael Gravelle.

Southern Ontario Adds $3 Billion to Mineral Field

Adds $3 Billion to Mineral Field

Over Looked Gold Claim !!!

 Now on market in Timmins Heart..

Golden Arrow could be next area gold producer.

 Golden Arrow could be next area gold producer.

The Big Event Adds Demo Site for 2015

TIMMINS - Canada’s largest gold mining convention is returning to the Timmins next month with a slate of new events and activities that can no longer be contained on the grounds of the McIntyre Arena.
The aptly named, Big Event Canadian Mining Expo is the premier mining industry event of the year and has just kept getting bigger year after year.
Space at the arena has become so tight that organizers decided to set up live equipment demonstrations at an off-site location along the back road to South Porcupine — the use of which is being donated by a local company. The venue will be accessible using a shuttle service provided for attendees at the expo.
“We’re setting up a demonstration of a junior mining camp where companies will be doing demos. So you’ll see how they set up a mining camp in a remote area. We’ll have helicopter landing; the whole set-up,” said expo organizer Glenn Dredhart. “It will be a 10-minute shuttle-bus ride from the McIntyre.”
The 2015 expo will have over 400 mining industry businesses setting up booths and is expected to draw up to 8,000 visitors over the course of the two days. Registration is free, but the trade show will be collecting donations this year for the Good Samaritan Inn homeless shelter and the Next Step Farms addictions program.
“It’s a pretty well-rounded event. It lets the suppliers know where the industry is at, what the mines’ shortfalls are and where suppliers can help them,” said Dredhart.
Besides the off-site equipment demonstrations, other new additions to this year’s expo include technical sessions that will be held at the arena. A delegation from the mining industry in India is expected to attend those as part of the Ontario government’s trade negotiations with that country.
The Indian delegates “have been mandated to educate the mining operations in India on why Northern Ontario has been so successful in mining over the last 100 years,” explained Dredhart. “In India, the deepest operation they have is 150 feet while ours is 9,000 feet. So they’re just scratching the surface on their mining operations, and they want to learn how to go deeper.”
The ones best able to help them do that, said Dredhart, will be the suppliers at the show, which means there will be opportunities for those businesses to start selling to the emerging Indian market.
Also new this year will be an Aboriginal forum to discuss business opportunities and partnerships with First Nation communities, as well a new junior mines pavilion that will help educate people considering investment in the gold mining industry.
“Right now, our gold market is down. The best time to buy is when prices are down, and the best time to sell is when prices are high,” said Dredhart. “So there’s no better time to buy and talk to these companies to find out where they’re at and what they anticipate achieving in terms of production.” The 2015 Big Event Canadian Mining Expo is scheduled for May 27 and 28.

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