Articles for tag: Arrests, Canadian, charges, Gold, heist, history, laid, largest

April 20, 2024

Ron Finklestien

mining

The Great Gold Caper: Unraveling Canada’s Biggest Heist

Uncovering the Heist Canada had its own real-life “Goldfinger” saga with a daring heist back in April at Pearson Airport, the country’s bustling hub, where thieves brazenly made off with potentially over C$20 million in gold from a cargo storage area. Swiss giants Raiffeisen Schweiz Genossenschaft and Valcambi SA entrusted Brink’s with the precious cargo’s transportation from Zurich to Toronto, a move that would soon turn into an international scandal. The Twist in the Tale In a classic turn of events, Brink’s then engaged Air Canada to fly the valuable treasures across the two cities. However, in a surprising development

March 26, 2024

Ron Finklestien

mining

Embracing Excellence: The Canadian Mining Hall of Fame Invites Nominations

An Industry in Evolution In a world characterized by the ever-accelerating energy transition, the Canadian mining sector stands as a beacon of resilience and adaptability. Acknowledging the pivotal role of the industry in driving the supply of essential minerals and metals for the future, Janice Zinck, the Chair of the Canadian Mining Hall, recently highlighted the sector’s transformative moment. A Legacy of Visionary Leadership In a tribute to the sector’s rich heritage of groundbreaking achievements, the Canadian Mining Hall of Fame extols the visionary leadership that has sculpted the industry into the powerful force it is today. A nod to

February 27, 2024

Ron Finklestien

mining

Investors Rally Behind Coeur’s $25 Million Funding Initiative for Canadian Venture

The Silvertip Project Revival The Silvertip mine and mill in B.C. have been on care and maintenance since 2020. Credit: Coeur Mining Coeur Mining (NYSE: CDE) is embarking on an initiative to offer approximately 7.7 million flow-through shares, aiming to secure C$34 million ($25m). This capital injection will be channeled towards propelling exploration activities at its Silvertip silver-zinc-lead property, nestled in the heart of British Columbia, a mere 16 km south of the Yukon border. The strategic acquisition of the Silvertip mine and mill in 2017 was indeed a pivotal move by Coeur. However, operations at the site came to

January 30, 2024

Ron Finklestien

mining

Canadian Copper Takes the Reins at Murray Brook with Offtake Agreement and Credit Facility

Canadian Copper has made significant strides in its quest for dominance at the Murray Brook copper-zinc deposit in New Brunswick’s Bathurst camp, securing a 28% interest from Metalquest Mining (TSXV: MQM). The company’s ambition to claim full ownership materialized further when it initiated acquisition talks to buy out 72% majority owner Votorantim Metals Canada. Upon the completion of the title transfer, Murray Brook will fall entirely under the wing of Canadian Copper. In a pivotal move, Canadian Copper has inked an offtake agreement with Ocean Partners, solidifying its market presence. The deal dictates that Ocean Partners will purchase a minimum

January 22, 2024

Ron Finklestien

mining

TNM’s Anthony Vaccaro Hosts the Celebrated Canadian Mining Hall of Fame TNM’s Anthony Vaccaro Hosts the Celebrated Canadian Mining Hall of Fame

TNM Group president Anthony Vaccaro MCs the 2024 Canadian Mining Hall of Fame ceremony in January. Credit: Canadian Mining Hall of Fame Bestowing honor upon five extraordinary individuals in the Canadian mining industry, the Canadian Mining Hall of Fame induction ceremony stands as a testament to the relentless spirit of innovation and dedication. On the 11th day of January, amidst the bustling streets of Toronto, the event commemorated the illustrious contributions of William Roscoe and John Postle, David Bell, Ross Lawrence, and Eric Sprott, as they ascend to the venerable echelons of the CMHF. Prior to the ceremonious inductions, Anthony