Trevali’s Caribou Zinc Mine Reaches Commercial Production

Trevali Mining’s Caribou zinc mine in the Bathurst mining camp of northern New Brunswick achieved commercial production effective July 1. Having achieved this key milestone, the company is continuing to optimize operations and ramp up production to boost efficiencies, recovery rates, and ultimately metal concentrate production. Production guidance for the period July 1 to December 31, stands at 37 million lb to 41 million lb of zinc in zinc concentrate and 14 million lb to 15 million lb of lead and 380,000 oz to 420,000 oz of silver in lead concentrate.

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Peregrine Considering Open-pit Diamond Mining on Baffin Island

Peregrine Diamonds has reported the results of an independent preliminary economic assessment (PEA) for phase-one development of an owner-operated, open-pit mining project on its Chidliak diamond project on south Baffin Island, Nunavut, Canada. The Chidliak PEA proposes sequential mining of two kimberlite pipes, CH-6 and CH-7. Production would average 1.2 million carats/year over a mine life of about 10 years.

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Energy Fuels Buys Mesteña Uranium

Energy Fuels has acquired Mesteña Uranium and its Alta Mesa in-situ recovery (ISR) uranium production facility in Brooks and Jim Hogg counties, south Texas. Alta Mesa operations are currently on standby but could be ramped up to commercial production levels within approximately six months of a positive production decision by Energy Fuels, with only minimal capital requirements. The all-share transaction valued Mesteña at about $11.4 million.

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Stornoway Commissioning Renard Processing Plant

Stornoway Diamond Corp. began commissioning the processing plant at its Renard diamond project in the James Bay region of north-central Quebec in late June. The commissioning process is expected to take several weeks and will include operation of the plant’s crushers, vibrating screens, conveyors, pumps, diamond recovery circuits, and processed kimberlite management systems, first with water and then with ore.

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