RNCâs Beta Hunt ramp-up ahead of schedule 2016-05-30Canadian gold producer Royal Nickel Corporation (RNC) is ahead of the ramp-up schedule for its Beta Hunt mine during May, hitting about 65% of the year-end mining rate target, which is ahead of the ramp-up schedule planned in the Beta Hunt preliminary economic assessment, the company reported on Monday This was compared with 58% of the year-end mining rate at Beta Hunt, located in the Kambalda mining district of Australia, as at the the end of the first quarter, the TSX-listed miner advised.
RNC hits bonanza grades at Beta Hunt mine, gets call option on rest of SLM shares 2016-04-04TSX-listed Royal Nickel Corporation (RNC) on Monday announced that it was evaluating options to process “bonanza grade” ores from the ‘Hand of Faith’ (HOF) area of the Beta Hunt mine, a low-cost nickel and gold producer located in the prolific Kambalda mining district of Australia. The company was mulling options, including processing, under its current gold toll milling agreement or, alternatively, was considering using a dedicated gravity plant to scalp off the higher-grade portion of the gold. The remaining material would be processed under its current gold toll milling arrangement.
Salt Lakeâs Beta Hunt mine on track to double output by year-end 2016-02-16Takeover target Salt Lake Mining (SLM) is on track to double output from its Beta Hunt mine, a low-cost nickel and gold producer located in the prolific Kambalda mining district of Australia, even as TSX-listed Royal Nickel prepares to acquire the asset in a deal that would see it transform into a cash-generating low-cost nickel, copper and gold producer. Beta Hunt has completed its second gold shipment and had recovered 3 718 oz of gold from 42 144 tonnes of ore in its first two months of gold production, on a 100% basis, in line with expectations.
Acquisitions establish Royal Nickel as copper, gold producer 2016-02-01Project developer Royal Nickel Corp (RNC) on Monday announced two acquisitions that would transform the company into a cash-generating low-cost nickel, copper and gold producer. The Toronto-based company’s TSX-listed stock gained as much as 31% on Monday to C$0.21 apiece, after the company announced that it had agreed to buy a 67% interest in private miner Salt Lake Mining (SLM) in a deal valued at about C$7.7-million.
General 2015-05-10Royal Nickel's Dumont Nickel Project is a mammoth deposit near the town of Amos in the established Abitibi mining camp in the mining-friendly Canadian province of Qubec. When in production, it is expected to rank as the fifth-largest nickel sulphide operation in the world by annual production - only the mining operations at Norilsk (Russia), Jinchuan (China), Sudbury (Ontario, Canada), Voisey's Bay (Newfoundland and Labrador, Canada) will be larger.
Nearby Location News
Westwood mine production continues uninterrupted following a localized fall of ground 2015-05-27
TSX: IMG NYSE: IAG PREISSAC, QC, May 26, 2015 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or "the Company") reports that a localized event occurred at the Westwood mine in Quebec during the night of May 26, 2015. No employees were injured and all employees in...