The mine has proven and probable reserves of 2.2 million gold ounces. To earn this stake, Rockcliff spent approximately $3 million on…, The most recent drill results from Rockliff Metals’ wholly owned Tower property in central Manitoba have increased the strike length of the Tower deposit to 1,000 metres and hit mineralization at depths of approximately 800 metres. Copper-Gold Property. What makes Callinex Mines a leading junior zinc stock? Among the projects that have substantial information to provide to investors, the most attractive projects, in my opinion, are the Alamos Gold Lynn Lake and the Hudbay Minerals' Lalor projects. Our 777 mine (copper, zinc, gold, silver) in Flin Flon is approaching the end of its mine life after 15 stellar years. Granted, Alamos Gold is too large of a company to invest in based on this project alone, but if all of Alamos Gold's projects had these economics, then investing in the company would be a wise decision. But this town, which is buried in the Boreal forest on the Manitoba-Saskatchewan border, is a gem for many more reasons. With a high-level overview of the Manitoba gold mining industry, investors can narrow down their search for the best investments. Rockcliff is implementing what they call a "hub and spoke" strategy where they have mine processing infrastructure centrally located to several different metal deposits. During the 10-year life of the mine, the company believes the AISC will average $745 per ounce. HudBay resumes mining at 777 after hoist incident October 26, 2020 by Canadian Mining Journal . The image below gives an excellent overview of gold mining in Manitoba. According to Envirostream,…, UNITED STATES – Bank of America forecasts global copper consumption could contract by 18% year-over-year in 2020 should global GDP drop by an estimated 4.2% due to economic disruptions caused by the coronavirus pandemic. Ownership. Their latest resource increase of 130 percent came from about 50,000 meters of drilling, which they intend to again drill about 50,000 meters total in 2020. The mine produces gold, zinc, and copper. I am not receiving compensation for it (other than from Seeking Alpha). The company believes a decision will get made regarding advancing towards production sometime in late 2020 or early 2021 when they will receive a NI 43-101 feasibility study. They own several named properties within the Flin Flon that they are focusing on at the moment that primarily concentrate on copper production but also contain gold. Canadian Mining Journal, October 26, 2020 by Carl Williams, September 3, 2020 by The company's property has a resource of 226 thousand indicated gold ounces and 198 thousand inferred ounces. [2019 TR, 92] Flin Flon concentrator processes 777 ore into copper and zinc concentrates. The company currently trades with a market cap of $4.3 billion. Trish Saywell, June 11, 2020 by It is adjacent to the Laguna Property, which is owned by Rockcliff Metals but optioned out to Kinross Gold. Cecilia Jamasmie, August 26, 2020 by The facility has historically produced about 2 million ounces of gold. Alisha Hiyate, HudBay resumes mining at 777 after hoist incident, Unigold stock takes off on Candelones drill results, Rockcliff completes earn-in on Bur property in Manitoba, Rockcliff expands wholly owned Tower deposit, Callinex says Pine Bay could revitalise Flin Flon, Mexican gov’t scraps key mining post in austerity drive, Hudbay acquires majority stake in Talbot project, Sun Peak advances Shire polymetallic project in Ethiopia, Taseko maintains production through pandemic, RECYCLING: Lithium Australia subsidiary to use metals from batteries for fertilizers, COMMODITIES: BofA forecasts metal price recovery post-COVID-19. The True North project is the company's flagship project and was a past-producing mine with a state-of-the-art 1,200 tpd processing facility. If this were a company with this being its only mine, then I would certainly invest. TORONTO, ON – August 14, 2020 – Copper Reef Mining Corporation (CSE:CZC) is pleased to announce that it has changed its name to Vo readmore. The underground mine, which has been producing base and precious metals since 2004 and employs over 800 people, is approaching the end…, Mining companies operating in Mexico are showing concern, after the country’s government scrapped the mining sub-secretary post, one of the Ministry of Economy units, as part of a broader austerity drive on Tuesday. They also expect to be able to produce gold with an all-in sustaining cost of $745 per ounce during the mine's 10-year life. There's the Lynn Lake belt, Flin Flon belt, Rice Lake belt, and the Oxford-Stull domain. Not surprisingly, there are some larger, more well-known players exploring in this Canadian province. The property contains what they call their flagship property in the SLG Property as well as the Laguna Gold Mine. Rockcliff, being a junior miner, is very proud of its land package, which extends over 4,500 square kilometers in the Flin Flon belt. I wrote this article myself, and it expresses my own opinions. MINING.COM Staff, October 20, 2020 by As of today, the Rice Lake belt is the most significant comprehensive gold discovery in Manitoba based on past production and total resources that have already been identified. If these larger companies can identify attractive projects, then some of the small prospective companies in Manitoba may also find attractive projects. October 26, 2020 by This concludes this coverage of gold mines in Manitoba. Hudbay is the owner of the Lalor underground mine located in the Flin Flon and Snow Lake greenstone belt of Manitoba. Canadian Mining Journal provides information on new Canadian mining and exploration trends, technologies, mining operations, corporate developments and industry events. Rockcliff Metals is a mining company that focuses on the Flin Flon greenstone belt in Manitoba as well as a gold project near Snow Lake, Manitoba. I am not receiving compensation for it (other than from Seeking Alpha). 5,185 in 2016 census; 4,982 in Manitoba and 203 in Saskatchewan) is a mining city in Canada.It is located on a correction line on the Manitoba and Saskatchewan border, with the majority of the city located within Manitoba. The Lalor mine is expected to have a mine life of 10 years to 2030. The Laguna gold mine has been optioned to Kinross Gold, who has the potential to earn 70 percent ownership in the project by spending $5.5 million. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Underground mining has resumed at HudBay Minerals‘ 777 mine in Flin Flon, Man., two weeks after a hoist rope detached from the skip at the operation, causing … The Flagship SLG Property is next to a 1.4m ounce former producer with an existing 2,000 ton per day gold processing facility. Hudbay Minerals' Lalor project is a currently producing gold mine. Dan Sekulich, June 11, 2020 by Callinex Provides Exploration Update for Manitoba and New Brunswick, Callinex Discovers Two High Grade Copper, Gold, Silver and Zinc Lenses in the Flin Flon Mining District of Manitoba. Rockcliff Metals is a mining company that focuses on the Flin Flon greenstone belt in Manitoba as well as a gold project near Snow Lake, Manitoba. However, upon closure of the Reed mine in July 2018, the Flin Flon concentrator now treats primarily 777 ore and Lalor ore in batches as scheduled (a portion (the excess) of the ore mined from Lalor mine). The project has proven and probable reserves of 1.88 million ounces of gold and an additional .56 million ounces measured and indicated and 1.66 million ounces inferred. Damage to the…, Dominican Republic-focused miner Unigold has released results from its ongoing drilling at the Candelones Extension deposit, part of the company’s 210.3-sq.-km Neita concession. Rockcliff Gold Focused Property - Goldpath. Hudbay currently trades with a market cap of about $1 billion. By this measure, they think they have a very commercially attractive project which they aim to demonstrate in the image below taken from their presentation. – One of the most significant VMS districts in the world with production totaling over 130 million tonnes, – Over 30 deposits have been mined, most of which are high-grade copper and zinc-rich deposits, – HudBay has been actively mining in the area and requires additional ore within four years, – Callinex owns a large land package within close proximity to HudBay’s operations, Over 50% of deposits have been advanced to production, totaling 32 mines which have led to 86 consecutive years of mining, Over $1.6 billion invested towards mine development with road, rail, power and water infrastructure to facilitate quick development of new discoveries, Typically less than six years from discovery to development with reduced capital expenditures. Residents thus travel … The company's land package, located near the Rice Lake belt, is greater than 54,000 hectares, which include both brownfield and greenfield potential. Canadian Mining Journal, September 23, 2020 by When operational, the mine will be an open-pit heap-leach mine and is expected to have a 92-percent gold recovery rate. The first three are sources from a greenstone belt, while the Oxford-Stull domain is an orogenic deposit. Final production is anticipated in 2022. About Foran Mining Foran Mining is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. The mining town of Flin Flon (pop. I have no business relationship with any company whose stock is mentioned in this article. Hudbay primarily focuses on Copper production, so until copper prices make a substantial rebound, their share price will likely be weighed down. The company also owns the Apex Property, which is focused on the Flin Flon belt. Keep in mind the feasibility study was completed in 2017, so economics may have changed, but that is still an excellent all-in cost per ounce. Carl Williams, June 1, 2020 by Although Manitoba has some mines that produce gold, the province only accounted for 1.9 percent of Canada's gold production in 2019. The McIlvenna Bay Project, Foran’s flagship asset located within the Hanson Lake District, sits just 65km from Flin Flon, Manitoba and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran’s ground in eastern Saskatchewan, a distance of over 225km. … The True North Project currently has an indicated and an inferred resource of 1 million ounces of gold. The property has never been explored. There are four primary areas inside Manitoba with gold producing potential. Yamana Gold is in the early stages of exploration of the Domain Project, where it entered a JV agreement with New Dimension Resources. The company believes that the Flin Flon area has a history of reserve growth once commercial production begins. Manitoba produces only a fraction of Canada's gold; however, some well-known medium-sized companies are currently exploring in the region. Our team brings over 40 years of experience and involvement with gold mining stocks, silver stocks and zinc stocks. This is evident from its work over the past ten years, as shown in the chart below. In 2019, the company produced around 70,000 ounces of gold. MINING.COM Staff, August 24, 2020 by 1911 Gold is the owner of the True North gold project and the Apex Property. The project includes 752 hectares of land.