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Manitoba produces only a fraction of Canada's gold; however, some well-known medium-sized companies are currently exploring in the region. The company believes that the Flin Flon area has a history of reserve growth once commercial production begins. The facility has historically produced about 2 million ounces of gold. 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. 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. 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. This resource also contains attractive amounts of copper, zinc, and silver, with the primary focus being copper. There are four primary areas inside Manitoba with gold producing potential. Flin Flon has been a a mining centre since Hudson Bay Mining and Smelting Company (now Hudbay Minerals) started in 1927. With a high-level overview of the Manitoba gold mining industry, investors can narrow down their search for the best investments. Final production is anticipated in 2022. 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. The first three are sources from a greenstone belt, while the Oxford-Stull domain is an orogenic deposit. Residents thus travel … Flin Flon helped shape Hudbay’s values of dignity and respect, caring, openness and trust, which reflects how we … Although a decline in copper purchases of…. Manitoba is not well known for its gold production when compared to other Canadian provinces. I have no business relationship with any company whose stock is mentioned in this article. MINING.COM Staff, August 24, 2020 by 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. To report a factual error in this article. The project includes 752 hectares of land. Cecilia Jamasmie, August 26, 2020 by The company also owns the Apex Property, which is focused on the Flin Flon belt. One-third of the miner’s revenue is expected to come from precious metals by 2022. Flin Flon RCMP Report: Whole lot of fighting going on Meanwhile, Elon Musk, CEO of EV manufacturer Tesla, has promised big contracts for miners around the world who increase nickel production for the batteries his vehicles are soon going to need. 5,600), is the largest commercial/residential centre in the area and a railhead on the Hudson Bay railway. – 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. Our 777 mine (copper, zinc, gold, silver) in Flin Flon is approaching the end of its mine life after 15 stellar years. 1911 Gold is the owner of the True North gold project and the Apex Property. The mine has proven and probable reserves of 2.2 million gold ounces. Hudbay currently trades with a market cap of about $1 billion. Hudbay is the owner of the Lalor underground mine located in the Flin Flon and Snow Lake greenstone belt of Manitoba. The mine also produces substantial copper and zinc alongside gold. The company currently trades with a market cap of $30 million. Their Bucko VMS Mill is located almost equidistant to their Rail, Talbot, and Tower deposits on the property. 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 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. Our precious and base metals projects are located in Manitoba Canada, within the world-class Flin Flon/Snow Lake mining district, just 11km east of the Namew Lake Mine that produced 2.57 million tonnes of copper, nickel, gold, silver, palladium and platinum. Recent drilling was designed to test potential epithermal feeder systems at Targets B and C at the…, Developer Rockcliff Metals has met the required exploration spend to earn a 100% interest in the 39.8-sq.-km Bur copper-zinc property in Manitoba, 28 km from the town of Snow Lake. Our team brings over 40 years of experience and involvement with gold mining stocks, silver stocks and zinc stocks. 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. Rockcliff Gold Focused Property - Goldpath. Not surprisingly, there are some larger, more well-known players exploring in this Canadian province. 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. Trish Saywell, June 11, 2020 by The company's land package, located near the Rice Lake belt, is greater than 54,000 hectares, which include both brownfield and greenfield potential. It is adjacent to the Laguna Property, which is owned by Rockcliff Metals but optioned out to Kinross Gold. 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). The property contains what they call their flagship property in the SLG Property as well as the Laguna Gold Mine. 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. I have no business relationship with any company whose stock is mentioned in this article. The company considers it a low-risk project with existing infrastructure already in place. 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. 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. Canadian Mining Journal, September 22, 2020 by When looking for potential mining stocks or penny stocks to buy that can be a part of a larger diversified portfolio, Callinex Mines provides investors with considerable exposure to increasing metals prices and exciting new discovery potential. The company currently trades with a market cap of $4.3 billion. Rockcliff is implementing what they call a "hub and spoke" strategy where they have mine processing infrastructure centrally located to several different metal deposits. When operational, the mine will be an open-pit heap-leach mine and is expected to have a 92-percent gold recovery rate. But this town, which is buried in the Boreal forest on the Manitoba-Saskatchewan border, is a gem for many more reasons. Canadian Mining Journal, September 23, 2020 by The company's property has a resource of 226 thousand indicated gold ounces and 198 thousand inferred ounces. Carl Williams, June 1, 2020 by During the 10-year life of the mine, the company believes the AISC will average $745 per ounce. In 2019, the company produced around 70,000 ounces of gold. I wrote this article myself, and it expresses my own opinions. The mine produces gold, zinc, and copper. Carl Williams, September 3, 2020 by Foran owns a 100% interest in the McIlvenna Bay Property, subject to a 1% NSR held by Cameco Corporation and BHP Billiton. 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. Hudbay primarily focuses on Copper production, so until copper prices make a substantial rebound, their share price will likely be weighed down. If these larger companies can identify attractive projects, then some of the small prospective companies in Manitoba may also find attractive projects. This is evident from its work over the past ten years, as shown in the chart below. 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. The Flin Flon airport has regular commercial air service to Winnipeg. The Flagship SLG Property is next to a 1.4m ounce former producer with an existing 2,000 ton per day gold processing facility. FLIN FLON MINING DISTRICT – 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 … Yamana Gold is the operator on the project and owns 70 percent while New Dimension owns 30 percent. Alamos Gold became the owner of the Lynn Lake gold project since 2015 when it acquired Carlisle Goldfields. I am not receiving compensation for it (other than from Seeking Alpha). What makes Callinex Mines a leading junior zinc stock? About Foran Mining Foran Mining is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. MINING.COM Staff, October 20, 2020 by If I've left any off of the list, please include it in the comments section below. Yamana Gold is in the early stages of exploration of the Domain Project, where it entered a JV agreement with New Dimension Resources. Alamos expects construction to begin in 2022. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The mining town of Flin Flon (pop. MINING.COM Staff, June 1, 2020 by As consideration for the buy-back, Hudbay…, David Daoud, vice-president of exploration and geology at newly listed Sun Peak Metals (TSXV: PEAK), was part of the exploration teams that discovered the Bisha and Asmara gold deposits in Eritrea when he worked for Nevsun Resources and its sister company, Sunridge…, While gold miners have been stealing the pandemic limelight as that precious metal’s price has soared, copper miners have struggled with the collapse of their main markets, like China, and the closure of major production mines in places like Chile…, AUSTRALIA – Envirostream Australia, a 90%-owned subsidiary of Lithium Australia, has announced that it is working on a project aimed at assessing the use of zinc and manganese derived from recycled alkaline batteries as micronutrients in blended fertilizers.
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