small gold mining quebec canada

lamaque gold mine, val-dor, quebec, canada

The mine produced 113,940oz of gold in 2019 and is expected to produce 125,000-135,000oz in 2020. It is anticipated to have an initial mine life of seven years with an average production of 117,000oz a year. Annual production is anticipated to reach 150,000oz by 2022.

The Triangle deposit is an Archean greenstone-hosted orogenic lode gold deposit, located at the eastern end of the Southern Abitibi Greenstone Belt. It is underlain by volcanic flows and volcaniclastic rocks of the Val-dOr formation and is concentrated around a porphyritic diorite known as The Triangle Plug.

The company plans to undertake exploration drilling of 50,000m in 2020, including 29,000m of resource expansion drilling in the lower Triangle Deposit, 10,000m at the Ormaque zone, and 10,000m of drilling to test other targets.

Investments totalling $24m are also being made in the Lamaque decline project, which is expected to be completed in 2022. The company began construction of a decline from the Sigma mill to the Triangle mine in June 2020.

The 3km decline project will eliminate surface rehandling and haulage of the ore from the Triangle mine to the mill, as well as provide underground access for economic exploration in the area between the Triangle deposit and the Sigma and Lamaque mines. It will reduce the energy required for ventilation in the mine while also enabling increased production from the Triangle mine in the future.

The project employs a haulage ramp system to surface to recover reserves from the Triangle deposit. The ramps are used for hauling ore and waste, and part of the exhaust air circuit. It also provides access for equipment, personnel, and services.

The mill has a nameplate capacity of 2,200tpd and currently receives 1,800tpd of material from Triangle. Production from the deposit is being increased to 2,200tpd to maximise the throughput of the processing plant.

canadian malartic gold mine, north-west quebec, canada

The mine was developed over a period of six years following the first exploration drill holes in 2005. It produced first gold in April 2011 and began commercial production in May 2011. Canadian Malartic has an estimated mine life of 20 years.

The property is located 25km west of Val-dOr, within the Municipality of Malartic. It spreads across a 16km-long portion of the Cadillac-Larder Lake fault zone and lies in the southern part of the Archean-age Abitibi greenstone belt that falls along the Ontario-Quebec border.

Canadian Malartic employs an open-pit mining method, using large-scale excavators and trucks. The mine uses hydraulic excavators as the primary loading tools and a wheel loader as a secondary loading tool.

The mining fleet for Canadian Malartic includes 27 CAT 793 F trucks with a nominal payload capacity of 226t each, three 6060 electrical front shovels, two remote-controlled shovels, three LeTourneau L-1850 wheel loaders, one Caterpillar 994 wheel loader and 30 other support vehicles, along with over 100 pick-up vehicles. A Hitachi EX5600-6 excavator was added to the mining fleet in June 2016.

Exploration activities focused on Odyssey, East Malartic and East Gouldie zones were conducted in 2019 to define and increase underground mineral resources to supplement production from the open-pit operation. Drilling highlights include 8.6g/t gold over 25.8m at a depth of 1,071m.

The mining pit is being extended into the Barnat deposit, which will pave the way for increasing its life by six years. The extension will involve the deviation of Highway 117 to enable access to the Barnat and Jeffrey deposits. The partnership began pre-commercial production from the Barnat deposit.

Ore from the mine is processed at the Canadian Malartic mineral processing complex, which has a daily throughput of 55,000t of ore. The ore is transported to a crushing circuit and stockpiled in a covered pile before being conveyed to the semi-autogenous grinding circuit.

It is then sent to three identical ball mills, which are in closed circuit with hydro-cyclones. The slurry is thickened and fed to the leach tank circuit for conventional cyanidation and carbon-in-pulp processing to extract gold. The final product is gold / silver dor bars.

The site receives power from the existing Hydro-Qubec 120kV Cadillac main substation via a 19km-long electrical transmission line. A 26.4MW diesel-electric power generation plant also supplies power to support site operations.

The process water is supplied from the plant thickener overflows and the freshwater is supplied from underground mine dewatering system. The gland water distribution system, reagent preparation water and the reclaimed water from the South-east Pond area also form part of the plant water systems. The mine also has a connection to the Malartic municipal sewage and potable water systems.

Promec carried out electrical, mechanical and piping equipment installation for the concentrator along with secondary structural work. The company also installed electrical and instrumentation components and constructed 120kV substations.

quebec snapshot: eight companies to watch

Mining companies spend an average of C$8.5 billion a year in Quebec, and the industry generates C$962 million annually for the provincial government, excluding corporate income taxes, according to the latest report from the Quebec Mining Association. The province has 25 producing mines and 24 exploration projects. Heres a look at eight companies operating in the mining-friendly province.

Eastmain Resources(TSX: ER; US-OTC: EANRF) is focused on gold exploration in the James Bay region of northern Quebec. Its three main assets are the Eau Claire project, the Eastmain mine project, and the Eleonore South joint-venture project with Newmont Goldcorp and Azizmut Exploration.

A preliminary economic assessment (PEA) of its Eau Claire deposit released last year outlined a 12-year mine life producing a total of 950,000 ounces of gold at total average cash costs of $486 per oz. and all-in sustaining costs of $574 per oz.

The mine plan envisioned production from two open pits in the first three years of the operation, with a transition to underground mining starting in the second year. Pre-production capex is estimated to run to $175 million and could be repaid in just over three years. At a gold price of $1,250 per oz. gold, the May 2018 PEA forecasts an after-tax net present value at a 5% discount rate of C$260 million and after-tax internal rate of return of 27%.

The company is working on preliminary engineering and environmental baseline studies to support future permitting and feasibility study work and in a recent corporate presentation, said it is targeting first-production in 2023.

Eau Claire has measured and indicated resources of 4.29 million tonnes grading 6.18 grams gold per tonne for 853,000 contained oz. gold and inferred resources of 2.38 million tonnes grading 6.53 grams gold for 500,000 contained oz. gold. Eau Claire is 350 km north of Chibougamau and 50 km from Newmont Goldcorps Eleonore gold mine.

The Eastmain mine project contains the past-producing Eastmain mine and has an indicated resource of 899,000 tonnes grading 8.19 grams gold per tonne for 236,500 contained oz. gold and 579,000 inferred tonnes at 7.48 grams gold for 139,300 oz. gold. Route 167 Nord, a road built several years ago under Quebecs Plan Nord, provides all-season access to the project.

Eastmain also owns 36.7% of the Eleonore South joint-venture and is the operator. The project sits 5 km south of the Newmont Goldcorps Eleonore mine, which poured first gold in 2014. Newmont Goldcorp owns 36.7% of the project and Azimut Exploration 26.6%.

Eldorado Golds (TSX: ELD; US-OTC: EGO) Lamaque mine achieved commercial production at the end of March. The underground mine, near Val-dOr, 550 km northwest of Montreal, is forecast to process over 500,000 tonnes of ore at an average grade of 7 grams gold per tonne this year for total production of 100,000 to 110,000 oz. gold (including pre-commercial production) at cash operating costs of $550-600 per oz. gold sold. The mine has an initial mine life of seven years with production averaging 117,000 oz. per year.

This year the company plans to complete 37,000 metres of exploration drilling to further expand resources in the lower part of the Triangle deposit. Triangle is 2.5 km south of the historic Lamaque and Sigma mines, which are also on the property and produced over 10 million oz. gold.

Numerous exploration targets occur within the Lamaque operations area, both at depth at the Triangle deposit and associated with other nearby occurrences. Earlier this month, the company reported drill results from exploration activities over the last year that have expanded high-grade mineralization beyond the 2018 resource model in the lower portion of the deposit as well as an expanded bulk stockwork zone below 1,250 metres. Intercepts include 19.33 grams gold over 4 metres; 10.72 grams gold over 9 metres and 12.22 grams over 5 metres.

Lamaque was previously owned by Integra Gold. Eldorado acquired an initial 15% stake in Integra in 2015 and purchased all of the remaining shares in the company in July 2017. Eldorado poured first gold at Lamaque in December 2018.

Toronto-basedGalway Metals(TSXV: GWM; US-OTC: GAYMF) is advancing its Estrades project, a past-producing, high-grade polymetallic mine in the northern Abitibi of western Quebec, 95 km north of the town of La Sarre.

Breakwater Resources spent C$20 million in 1990 developing Estrades, including the installation of a 200-metre deep by 150 metre long strike decline, a ventilation raise and associated infrastructure. Production in 1990 to 1991 totalled 174,946 tonnes grading 12.9% zinc, 6.4 grams gold per tonne, 1.1% copper and 172.3 grams silver per tonne. Breakwater closed the mine due to weak metal prices and high contract mining and processing costs.

Galway reported an updated resource estimate for Estrades in September 2018, outlining indicated resources of 1.5 million tonnes grading 3.5 grams gold per tonne, 122.9 grams silver per tonne, 7.2% zinc, 1.06% copper and 0.66% lead, and inferred resources of 2.20 million tonnes grading 1.03 grams gold, 72.9 grams silver, 4.72% zinc, 1.01% copper and 0.29% lead.

The Estrades projects hosts three mineralized trends Estrades, Newiska and Casa Berardi and features 31 km of strike length. The company consolidated 100% of the Estrades mine and related properties for $1.35 million in August 2016.

This year the company plans to drill about 6,000 metres at Estrades. It has completed two geophysical (Titan) surveys over portions of the Estrades and Newiska horizons and found five major and two minor anomalies.

Galways flagship project, Clarence Stream, is 70 km south-southwest of Fredericton in southwestern New Brunswick. It plans to drill 17,000 metres, or 100 holes, at Clarence Stream this year and update the resource in 2020.

Vancouver-basedMaple Gold Mines(TSXV: MGM; US-OTC: MGMLF) is advancing its 355-sq.-km Douay gold project located along the Casa Berardi Deformation Zone in the Abitibi region of northern Quebec, about a two and a half hour drive north of Val dOr.

Douay is open in multiple directions and has indicated resources of 9.4 million tonnes grading 1.59 grams gold per tonne for 479,000 contained oz. gold and 84.2 million inferred tonnes averaging 1.02 grams gold per tonne for 2.8 million oz. gold.

The company completed its 6,045-metre winter drill program in April, and reported that 14 of the 15 holes drilled intersected gold mineralization. Highlights included 19 metres grading 2.46 grams gold per tonne in the Porphyry zone, 51 metres of 2.81 grams gold in the 531 Zone and 43 metres of 1.75 grams gold in the Nika Zone.

Most of the gold at Douay is associated with a syenite gold system that forms part of a 7 km long trend of mineralized zones. These zones are found within the central part of the projects strike length, which stretches for 55 km along the Casa Berardi deformation zone.

The intrusive-related mineralization style is also present at several other gold deposits that have been found in recent years, such as Canadian Malartic, now owned by Agnico Eagle Mines and Yamana Gold, 157 km south of Douay; Osisko Minings Windfall project, between Val-dOr and Chibougamau in the Abitibi region of Quebec; and Alamos Golds Young-Davidson mine, 60 km west of Kirkland Lake in northern Ontario.

Prospect generatorMidland Exploration(TSXV: MD) is focused on gold, platinum group elements, and base metals in Quebec, and has various partnerships and option agreements with industry players, including Agnico Eagle Mines Osisko Mining, Soquem, Abcourt Mines and the Nuvavik Mineral Exploration Fund.

Midland kicked off the first drill campaign at its 100%-owned Mythril discovery in February. Drilling is targeting a series of induced polarization anomalies that are coincident with showings of copper, gold, molybdenum and silver at surface, as well as float fields, discovered in 2018, as well as with strong copper-molybdenum soil anomalies. The target area of the anomalies is greater than 2 km in length and hundreds of metres in width, and the initial campaign will consist of nine holes for a 2,200-metre drill program. Mythril is hosted in Archean rocks of the Superior province, and there has been no historic drilling on the project.

The company reported this month that it has identified new drill targets at its Casault joint-venture with Soquem, 40 km east of the Detour Lake mine, and has completed a 3D model in Leapfrog to generate six new targets at its Maritime-Cadillac project, just east of the former Lapa mine. Maritime-Cadillac is a joint-venture with Agnico Eagle Mines.

Midland has also identified new drill targets at its Laflamme joint-venture following a Gradient IP survey covering the diorite that hosts the Longshot showing discovered earlier this year. Laflamme is a joint-venture with Abcourt Mines and is located in Quebecs Lebel-sur-Quevillon area.

Radisson Minings (TSXV: RDS; US-OTC: RMRDF) flagship asset is its wholly owned OBrien project. The project is cut by the Larder-Lake-Cadillac Break and hosts the former OBrien mine, one of the highest grade gold producers in the Abitibi Greenstone Belt. It produced 1.19 million tonnes grading 15.25 grams gold per tonne for 587,121 oz. gold from 1926 to 1957. About 90% of the historic production came from only three veins, and reached a vertical depth of 1,100 metres.

The project, located halfway between Rouyn-Noranda and Val dOr, has indicated resources of 1.91 million tonnes grading 6.67 grams gold per tonne for 408,700 contained oz. gold and 1.5 million inferred tonnes grading 5.29 grams gold for 255,000 contained oz. gold. The July 2019 estimate used a cut-off grade of 3 grams gold per tonne. The mineral resource area is adjacent to the historic mine.

The deepest level of the resource area is at a depth of 550 metres below surface and the deposit remains largely untested below, although two historic drill intercepts returned 17.46 grams gold over 1 metre and 13.68 grams gold over 0.32 metre below a depth of 1,000 metres.

Toronto-headquarteredTroilus Gold(TSX: TLG; US-OTC: CHXMF) is focused on the mineral expansion and potential restart of the former gold and copper Troilus mine. Inmet Mining operated the open-pit mine from 1996 to 2010, and produced more than 2 million oz. gold and nearly 70,000 tonnes of copper.

In November 2018, the company reported an indicated resource of 3.40 million oz. gold and 231 million lb. copper held in 121.7 million tonnes grading 0.87 gram gold and 0.086% copper. The project also has inferred resources of 1.02 million oz. gold and 66.2 million lb. copper in 36.1 million tonnes grading 0.88 gram gold and 0.083% copper.

The company says very little exploration has ever been done outside of the main Troilus ore body or below the old resource shells, and kicked off a 40,000-metre drill program in February. The majority of the drilling will concentrate in areas around the mine with the remaining 20% targeted on regional exploration.

In March, the company reported a new gold zone in the southwest footwall zone that ended in mineralization and remains open. The discovery hole (J419-092) intersected gold-rich mineralization at a depth of 300 metres in the immediate structural footwall to the J Zone. The hole returned an intercept of 3 grams gold-equivalent over 8 metres and 2.09 grams gold-equivalent over 9 metres below the J4 open pit. Earlier this month, the company released more assays from the J Zone, including 18.55 grams gold-equivalent over 2 metres within a broader intersection of 1.54 grams gold-equivalent over 30 metres.

Wallbridge Mining(TSX: WM) is developing its 100%-owned high-grade Fenelon gold property in northwestern Quebec, proximal to the Sunday Lake Deformation Zone (SLDF), which hosts the Detour gold mine in Ontario and Balmoral Resources gold deposits at Martiniere. The Fenelon property hosts the discovery Zone gold deposit and surrounding 4 km strike length of a gold-hosting secondary splay of the SLDF.

After acquiring the project in 2016, the company completed a prefeasibility study in March 2017, which assessed Fenelons economics based on reserves of 28,922 oz. gold within only the top 100 metres of the deposit (6,770 proven tonnes grading 9.3 grams gold per tonne and 89,951 probable tonnes at the same grade). Initial construction capital was estimated to come to C$5.24 million and the study put total revenues at C$47.7 million and total costs of C$40.8 million for pre-tax cash flow of $6.62 million.

The company started dewatering the existing open pit and underground mine workings at Fenelon in preparation for a 35,000 tonne bulk sample and underground exploration program in February 2018. Final results of the bulk sample were released in May. Stopes in the bulk sample produced 33,233 tonnes of ore with a reconciled average grade of 18.49 grams gold containing 19,755 oz. gold, which were processed at the Camflo mill. Stope grades ranged from 10.94 grams gold to 38.33 grams gold.

So far this year, Wallbridge has completed 42,000 metres of drilling and is on track to complete 70,000 to 80,000 metres by the end of the year. Recently reported assay results include 29.58 grams gold over 2 metres in the Cayenne zone; 8.55 grams gold over 2 metres in the Naga Viper zone; 16.33 grams gold over 1 metre in the Area 51 corridor; and 5.50 grams gold over 11 metres in the Tabasco zone.

In September, the company said permitting was progressing for the start-up of a small-scale, 400-500 tonne-per-day operation from the already developed areas of the Main Gabbro zones by the second half of 2020. It also announced that its exploration program would support a maiden resource estimate for the combined Fenelon gold system in early 2021.

In addition to Fenelon, Walbridge is earning a 100% stake in the Beschefer project, 28 km from Fenelon. Historically, the area has been mainly explored for volcanogenic massive sulfide deposits similar to the Matagami camp and the Selbaie mine, which sits about 14 km from Beschefer. Mineralization was discovered at Beschefer in 1995 by BHP Billiton Canada, but the project saw very limited exploration until Excellon got involved in 2011. Excellon then completed 17,000 metres of drilling between 2011 and 2013, with high-grade assay results including 55.63 grams gold per tonne over 6 metres and 13.07 grams gold over 9 metres. The project has seen no exploration since 2013.

gold mining in quebec: mining revival bears fruit | inn

The formation covers a massive area that stretches 160 kilometers from Val Dor, Quebec to Kirkland, Ontario. Since its discovery in the early 20th century, the Cadillac Break has become a magnet for gold, copper, zinc, nickel and even lithium mining and exploration activities. Major activities began in towns like Malartic in 1934 due to a dramatic increase in the price of gold. The following decade, new Canadians from around the world found a place working in the mines.

Like the rest of Quebec and Canada, the region suffered during recession in the 1980s. However, the last twenty years has seen a mining revival along the Cadillac Break with new production and exploration activities. In May 2017, there were 10 producing mines in the region alone.

To start, an abundant supply of hydro-electricity and the cheapest electricity rates in North America means that investors should take Quebec seriously. Compared to Canadas two other large mining jurisdictions, Ontario and BC, electricity cost is a significant advantage.

Ontarios cost of electricity, among the highest in the region, and its impact on electricity intensive industries like mining and manufacturing became a significant election issue that saw Doug Fords Progressive Conservatives elected to provincial office, and the dissolution of green energy contracts and the Green Energy Act set up by the previous government. Quebecs electricity market is quite stable by comparison. To note, Quebecs electricity advantage doesnt just exist in Canada. In 2017, Australian mine operators saw price of electricity skyrocket one-hundred percent in just three years. With the recent Quebec election, nothing appears to change this key competitive advantage.

With the Coalition Avenir Qubec (CAQ) winning a majority government in La Belle Provence, change is on the horizon for the provinces mining industry. With every incoming provincial government, businesses try to understand how changes to policies and regulations will impact their operations. Explorers and producers in Quebecs mining industry are no different. Fortunately, CAQ has offered some additional incentives in their election platform that may perk the ears of investors.

Firstly, their platform states that a streamlined approval process is needed to reduce application timeframes. Secondly, CAQ wants to rejig the remediation contingency calculation to reduce initial costs for mines. We shall see how CAQ implements their platform and if they will tinker with Plan du Nord implemented by the previous Liberal government. However, it appears that CAQ is supportive of a competitive Quebec mining industry in general.

In recent years, Plan du Nord acted as a policy for development of new mining projects seeking to facilitate access to the territory by road, rail, sea or air. enhancement of telecommunications infrastructure and the supplying of clean energy in the northern territory, as well as supporting scientific knowledge development in the vast territory. Keep in mind that although the Cadillac Break lies outside of territory for Plan du Nord, much of the region is already well serviced in necessary infrastructure.

Key action items in Plan du Nord include spending $15 million per year in acquisition, processing, and dissemination of geological data; ensuring the province retains a skilled mining workforce (currently at 30,000 people) and promotion of processing of raw minerals within its territory. We shall see if any of this changes under the new CAQ government.

Gold is a booming business in Quebec and the Cadillac Break. Provincial gold shipments are expected to increase over 11 percent from nearly 52 million grams in 2016 to nearly 60 million grams in 2018. Nine gold-specific projects are expected to be in operation well in to the next decade, with measured and indicated resources of 55 million metric tons. This does not include seven additional projects currently in development.

After proceeding with a 10-month drilling program, Renforth Resources (CSE:RFR) recently announced a 28 percent inferred and 11 percent indicated increase at its Parbec gold property on the Cadillac Break. Renforth Resources has an additional resource property in the area, New Alger, and several gold exploration projects in the region, Malartic West and Denain-Pershing, joint ventured to SOQUEM and Chalice Gold Mines, respectively.

Chalice Gold Mines (ASX:CHN) continues to make progress on its East Cadillac gold project which includes Renforths Denain-Pershing Property. Earlier this year, the company logged two new discoveries 35 kilometers east of Val DOr. The North Contact and Lac Rapides targets show encouraging results as well.

In the Town of Malartic, just 25 kilometers west of Val DOr, sits Canadas largest operating gold mine. The Canadian Malartic mine (formerly the Osisko mine) is owned by Agnico Eagle (NYSE:AEM,TSX:AEM) and Yamana Gold (TSX:YRI) in a 50/50 joint venture arrangement. In 2017, the mine and plant produced just over 633,400 ounces of gold. The scale of production is huge and represents a sizeable portion of total production from gold mining in Quebec in 2017.

The Cadillac Break is far from being depleted. The region is very active and is one of the largest gold producing regions in Canada. Well-built infrastructure, access to North Americas cheapest electricity and mining-oriented workforce are all positive attributes to Quebec. In addition, if Peak Gold is underway, the region will be well positioned to benefit from rising gold prices in the coming decade. The reward could be substantial for companies that are active at exploring new potential of the legendary Cadillac Break.

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quebec gold mines: the facts for investors | investing news network

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Today, Quebec hosts approximately 30 mines, 158 exploration projects and 15 primary processing industries. It holds a broad range of over 30 minerals, of which the leading commodities are gold, iron, titanium, asbestos, copper, zinc and silver. Since the Quebec mining industry took off in the 1920s, it has maintained steady growth; however, only 40 percent of Quebecs mineral potential is now known.

In 2017, mining investment in Quebec increased by8.7 percent, or C$3.05 billon. The province offers miners competitive tax incentives, making it a favorable mining jurisdiction for gold producers. That same year,Quebec and Ontario accounted for75 percent of the gold production in Canada, with output of about 1.8 million ounces of the yellow metal from Quebec alone.

Abitibi-Tmiscamingue is located in the western region of Quebec that straddles the border of Ontario. Much of the mining here is done along the Cadillac fault between Val-dOr and Rouyn-Noranda. The area is the fourth largest region within the province and it covers a total area of 65,000 square kilometers. Its largest cities are Rouyn-Noranda and Val-dOr.

Currently, one of the most sought-after mining regions in Quebec is the Cadillac Break, which includes Val dOr, a city located in the eastern portion of the Abitibi greenstone belt. Since its inception, the break has produced approximately 100 million ounces of gold.

Chibougamau is located in Central Quebec on Lake Gilman. The area first came to prominence as a mining prospect when gold was discovered in the region in 1903. However, due to the fact that it is far from other gold mining areas such as Lac Saint-Jean and Abitibi-Tmiscamingue, exploration grew stagnant until the 1940s, when copper was first discovered in the area.

Also in 2017, the Quebec Mining Association commissioned an economic study of the region, revealing that the area could produce annual expenditure of C$297.2 million, 2,680 jobs created or maintained, and a network of 478 suppliers.

The area is popular because it has a high potential for new discoveries thanks to numerous types of mineralization in different host rocks. In addition to the gold that is produced at this location, the area is known around the world as having several healthy copper, zinc, nickel and silver deposits.

In terms of land mass, Cte-Nord is the second largest mining region within Quebec. It covers a large portion of the northern shore of the Saint Lawrence River estuary and the Gulf of Saint Lawrence past Tadoussac.

While there are numerous benefits to mining in the French-Canadian province, one of the top perks is its abundant supply of hydroelectricity and the fact that it has thecheapest electricity rates in North America. Compared to Canadas two other large mining jurisdictions, Ontario and British Columbia, Quebec has a significant advantage in this department.

Ontarios cost of electricity is among the highest in the region, and the impact of these high costs on electricity-intensive industries like mining and manufacturing was a significant election issue that saw Doug Fords Progressive Conservatives elected to provincial office. Quebecs electricity market is quite stable by comparison.

However, with the Coalition Avenir Quebec (CAQ) winning a majority government in La Belle Provence in 2018, change could be on the horizon for the provinces mining industry. With every incoming provincial government, businesses try to understand how changes to policies and regulations will impact their operations. Explorers and producers in Quebecs mining industry are no different. Fortunately, CAQ has offered incentives that may interest investors.

Firstly, the CAQ platform states that a streamlined approval process is needed to reduce application timeframes. Secondly, CAQ wants to rejig remediation contingency calculation to reduce initial costs for mines. It remains to be seen how CAQ implements its platform and if it will tinker withPlan Nord, which wasimplemented by the previous Liberal government.

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In recent years, Plan Nordhas acted as a policy for the development of new mining projects seeking easier access to mining territories, better telecommunications infrastructure, access to clean energy in the north of the province and scientific knowledge development.

As can be seen, Quebec is an important part of Canadas gold space. Below is a list of gold producers that operate mines within the province; all had market caps above US$150 million at the time of publication.

In addition to these, the company is pursuing an early to mid-stage project: the Akasaba West gold-copper project, also in Quebec.Akasaba West is 100 percent owned by the company and held an estimated mineral reserve of 141,000 ounces of gold as of December 31, 2015. Permitting of the area is ongoing and the miner expects to begin open-pit development in 2021.

The company operates the Westwood gold mine on the Doyon property in Northwestern Quebec. Westwood covers 1,925 hectares and consists of 120 titles, one mining lease, one surface lease and three tailings leases.

Osisko Mining is a development-stage gold mining company based in Montreal. The Windfall Lake gold project is 100 percent owned by the company, contains 285 individual claims and covers an area of approximately 12,400 hectares.

Hecla Minings 100 percent owned Casa Berardi mine is an underground gold mine with impressive geology and infrastructure. In 2018, the mine produced 130,647 ounces of gold at a cash cost per gold ounce of C$800, after by-product credits. Additionally, its mill throughput rate averaged 3,769 tons per day. The mine is expected to produce 150,000 ounces of gold in 2019 at a cash cost of C$850 per ounceafter by-product credits.

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top 10 gold mines in canada gold and silver expert

Canada is the fourth largest gold producer in the world succeeded only by South Africa, the US and Australia. Some of worlds most powerful gold mining companies like Barrick Gold, GoldCorp and Kinross Gold are headquartered in Canada. If you are searching for stable gold mining investment companies, these companies present some of the best financial opportunities.

1. Dome is the oldest and most well-known among all gold mines in Canada and remains one of the most successful placer gold operations even in the modern days. This gold mine is owned by Kinross and Goldcorp Inc. with actual location in South Porcupine in Canada.

4. New Brittania Gold Mine is positioned in Snow Lake, Manitoba and is run and owned by Garson Run Operations. This gigantic gold mine is equipped with top of the line gold mining equipment like mill and tailing facilities. Not only does this site present almost 5,000 acres of existing gold claims, it has incredible potential for future prospects.

5. Troilus Gold Mine another one among open pit gold mines in Canada productions located in Quebec, Canada and owned by Inmet Mining Corporation. By the summer of 2010, Troilus Gold Mine has reached an incredible landmark by having produced almost 2 million ounces of pure gold and is likely to proceed with underground operations next year.

6. Bousquet Gold Mine is owned by Barrick Gold Corporation with the location in Quebec, Canada. Its considered a successful past gold producer but promising drilling explorations make owners believe that this mine might restore its past glory.

8. Casa Berardi Gold Mine in Canada is owned and operated by Aurizon Mines LTD. Gold operations were resumed back in 2006 due to new gold deposits found in the underground pits. Large scale gold sampling operations are underway.

9. LaRonde Gold Mine is considered one of the largest underground gold mines in Canada which is currently owned by Agnico Eagles. The mine was reported to have extremely promising gold prospects in the coming years.

10. Sleeping Giant Gold Mine is a classic narrow vein gold producer that was initially established in 1988. Sleeping Giant Gold Mine was later closed in 1991 and reopened around 1993 and is now operated by North American Palladium of Toronto Company.

gold exploration in qubec: cartier resources and the benoist project

Gold exploration in Qubec has a long and rich history. This legacy creates opportunities for the next generation of companies that have a strategy and the technology to uncover the next deposits of gold.

Todays infographic highlights the work of Cartier Resources and its Benoist Project, located in the heart of the gold-mining region of Quebec, the Abitibi Greenstone Belt. Lets dive in and see how the company is building on history to make new discoveries.

The Benoist Project has a history of work dating back to 1935. Prospectors first discovered mineralized boulders on the shores of Pusticamica Lake. Since then ~36,000 meters of exploration drilling revealed a gold deposit on the property.

OreVision-IP generated over 100 anomalies for further exploration. Of these, the company prioritized 16 drill hole targets and eight have similar geophysical signatures to the Pusticamica Gold Deposit.

Work by Cartier Resources so far has laid the foundations for the next stage of growth at the Benoist Project. With the 2020 maiden resource, the company is planning a further 30,000 meters of drilling throughout 2021.

Yet, while its future looks promising, the industry still some roadblocks to overcome. This graphic by RYAH MedTech looks at the key issues the plant-based medical industry is facing, and how big data can help solve them.

Plant-based treatmentssuch as medical cannabishave come a long way in recent years. However, inconsistencies in regulation and dosage are making it hard for the industry to reach its full potential.

Big data refers to large datasets that continually grow. These datasets are made up of information that is sourced from things like apps, devices, and online platforms. The need to leverage data in the plant-based medicine industry has resulted in an explosion of innovation.

RYAH MedTech collects massive amounts of patient data through devices such as smart inhalers, pens, and patches. These devices track, synthesize, and analyze patient information, which can help create a more personalized treatment plan tailored to the patient and their specific needs.

In addition to helping boost the patients experience, big data also has the potential to fill the knowledge gap within the plant-based medical industry and give physicians the information they need, which could boost its overall credibility.

But the industry needs to become more standardized before it can level up. This is why companies like RYAH MedTech are helping to close the gap in missing data, through a suite of IoT devices and software.

This infographic from Abaxx takes an introductory look at what commodity markets are, what drives revenue for commodity exchanges, and the need for a new set of contracts to deliver a more sustainable future.

From the simple gatherings of farmers to trade livestock to global contracts that trade the energy supplies of entire nations, commodity markets have evolved to deal with the changing demands of markets.

In the mid-19th century, commodity exchanges offered specialized contracts that resulted in less volume per exchange. The advent of the internet and digital platforms in the early 2000s increased the global reach of trading, increasing trading volumes.

While energy contracts dominate commodity exchanges, there are also metals and agricultural contracts that deliver the goods the world consumes. However, global economies take for granted the complex process that prices commodities, helping codify the terms of trade to facilitate a seemingly endless bounty of resources.

The activities of these market participants generate a consensus on price and establishes a benchmark for a particular commodity. It is the future contracts that codify the terms of trades and prices, creating trust and minimizing risk between producers and end-users.

In 2020, the four major commodity trading groups, ICE, CME, HKEX and SGX, generated $14 billion in revenue. While there are many types of contracts that cover the variety of commodities from metals to crops, typically only a handful of contracts account for the bulk of trading and revenue.

According to data compiled from the Futures Industry Association (FIA), in energy, metals and precious markets markets, the top 10 contracts account for 79.8%, 90.9% and 96% of the markets, respectively.

Markedly, this pattern makes contracts very valuable and a key driver of revenue for commodity exchanges. However, the commodity exchanges have yet to deliver specific contracts that can meet the demands for the specific materials and issues in the green energy transition.

The materials used to fuel economies are rapidly changing in order to create a more sustainable world. However, cleaner fuels such as LNG (liquified natural gas) do not have the history of established contracts and trust despite the rising demand.

The Abaxx Exchange is developing a LNG futures contract that will set the standard for this new market with new technology to better manage risks, execute trades, while embedding ESG concerns into global supply chains.

gold nuggets and placer deposits in quebec

Quebec is home to a good number of mines producing a variety of minerals including gold, iron and copper among others. This is due to the fact that around 90% of the province lies on a substratum of Precambrian rock. This rock is known to have rich mineral deposits, and Quebec is no exception.

Quebecs gold deposits are found as both mineral and placer form. That means that recreational miners can successfully find small gold deposits in the rivers and streams in reasonable quantities, and larger mining companies are attracted to the area due to the larger underground reserves.

The gold rush in Quebec began earlier that in the rest of Canada. In 1846, a young girl, found a hen egg sized nugget in the Gilbert River which was later named after her. The news of the find spread like wild fire and prospectors flocked the region looking for the next big find. Placer deposits in the area have been quite rich. This is demonstrated by the fact that Quebec is home to the largest nuggets ever found in Canada weighing at 52 and 45 each.

Gold exploration in the province, and specifically the Eastern Townships and Beauce lagged behind the rest of the mineral rich region in the country due to issues with property ownership. The regions of Abitibi or Chibougamau which it shares with Ontario, the gold deposits were state property and prospecting was allowed while in the Eastern region of the province, mineral rights were awarded to property owners who received their land under the English Regime. This led to numerous prospecting and mining operations to be abandoned in the area.

In 1982, the government took back mineral rights and the area was reopened for staking once more. Since the prospecting and mining operations in these areas had been limited to very few operators, it was re-evaluated in a bid to discover any new deposits. This re-evaluation yielded a lot of success with numerous areas in the region being found to have substantial gold mineralization. This ushered a new era of prospecting and mining that has resulted in the establishment of some successful mines.

Another challenge that Quebec has suffered in its quest to exploit the massive gold resources that lie below its substratum is the recent uncertainty of the legal environment when it comes to mining. There was a recent hike in the mining taxes that was implemented without any consultation with industry players. This was a surprise that shook the local mining industry.

Recreational gold miners can find some gold in the non-glacial stream deposits around the southern part of Quebec. Miners should look out for gravels that seem to be rusty brown in appearance indicating high iron content. Such gravels are known to have more gold due to the iron sulphide they contain.

On the other hand, gravels that have a grey appearance usually hold a lower amount of gold. In these streams you will find flour gold in most cases, but with the history of gold nuggets in the province you can still get lucky and have your name in history like others who were as lucky in the past. Metal detecting may be worthwhile since there is a history of large gold nuggets in Quebec.

For the most successful placer gold mining operations, you will need to know where to look. In this case the Chaudiere River is a great place to begin. Any rivers and streams running from the gold rich Abitibi Gold Province that lies partially in Quebec with the other half in Ontario forms another great place to look in.

It is always important that you follow the set up regulations by the authorities on panning for gold. It is especially important to observe environmental concerns and appropriate rules and regulations.

Quebec is home to 30+ mines producing a variety of minerals. The first minerals to be discovered and mined in the province include asbestos, sulfur, lead, zinc and silver. These were the first minerals to be mined even before viable gold deposits were discovered. Copper, iron and asbestos formed the main mining operations after the Second World War in a period where mining in Quebec hit its highest heights.

Today more gold deposits are being found in Quebec with the Northwestern part of the province attracting a lot of attention from mining companies. Deposits in Malartic, a small town in the region reveal over six million ounces underground and over three million ounces in the areas close by.

gold stocks to consider | small-cap gold plays all the way!

When looking at this market, its important to note that different gold economies show differing results. For example, the current US price of $1,501 USD is still a ways away from its all-time high of roughly $1,900 per ounce.

But, in Australia it is different. As explained by SeekingAlpha (SA),because of favorable currency exchange rates versus the dollar, the metal has performed even better in Australia, having crossed above AUD$2,000 for the first time ever last Friday.

Many investors have already jumped on board the gold train in recent weeks. In fact, according to SA,Bloomberg reported that SPDR Gold Shares, the worlds largest ETF backed by physical gold, attracted nearly $1.6 billion last Friday alone, the funds biggest one-day haul since its inception in 2004.

Well, some of the best potential gainers are often not the big players as you might expect. Rather, small-cap companies such as junior miners, producers, and explorers are the ones to be watching. And as stated, opting for gold stocks that operate in the meccas of gold exploration such as Australia, Canada, and the US is a worthy starting point.

Most recently, Vancouvers Westhaven Ventures (TSXV:WHN) (OTC:WTHVF) became the center of a surge. The junior miner reported a new discovery from a drill hole that shows a high grade of mineralization. The news caused shares to skyrocket 38% in one month. Now, priced at $0.92, WHN shares may easily continue to gain as the overall gold climate becomes exceedingly bullish.

The company saw impressive runs like this before; last September, its stock surged 345% over a period of six weeks when the company reported positive drill results at its Shovelnose gold property in British Columbia.

Also hailing from Canada, another small-cap gold play to watch is Ontarios Wallbridge Mining (TSXV:WM) (OTC:WLBMF). These shares have already climbed 187.5% year-to-date, having grown from $0.16 to $0.46 at present.

Now, the company boasts a market cap of $204.86 million and continues to go from strength to strength. Throughout the year, Wallbridge has showcased positive results from its underground drill program at its Fenelon gold property in northwestern Quebec.

Further, the company recently hinted at even more upside potential. In recent months, there has been significant insider buying. Managers, Directors, and other executives have bought as much as $12.1 million in Wallbridge shares. Only $700,000 worth has been sold by comparison.

Looking at an Australian play, Panoramic Resources (OTCPK:PANRF) (ASX: PAN) is on an upward trajectory at present. Shares are currently trading for $0.40 AUD and are up 16.18% on the day. But since the end of June, these shares have packed on 42% and are well on their way back towards its year-high of $0.50 per share.

Panoramic entered the gold exploration business when it acquired Horizon Gold Limited (ASX: HRN) in October 2018. Horizon is agold exploration and developer based in Perth, Western Australia. Its flagship Gum Creek Gold Project in Perth is smack in the middle of one of Australias most giving gold provinces.

Also based in Perth is one of the countrys most promising small-cap gold miners: Gold Road Resources (OTCPK:ELKMF) (ASX: GOR). Shares are up a whopping 141% year-to-date, with much of those gains occurring since the end of June. Now, with a market cap of $1.42 billion and shares trading for $1.62, these small-cap gold stocks look set to continue on the bullish trend.

Gold stocks are offering some exciting opportunities right now as the sector explodes. These are only a few options out there; there are a host of alternatives to choose from, but the time to choose is now!

top five gold mining companies of canada profiled

As a gold mining nation, Canada stood fifth behind China, Australia, Russia and the US in 2019. Although not topping the list in terms of central bank gold reserves, the same year saw gold mining companies in Canada produce almost 183 tonnes of the metal, according to the Goldhub website.

In 2018, gold mining companies in Canada accounted for more than 20% of the nations overall mining contribution, with Quebec, Ontario and British Colombia the three largest contributors extracting up 87% of the countrys gold offering. From 2019 to 2023, its forecast the nation will produce 7.6 million troy ounces a CAGR rise of 2.7%. Supporting this growth in 2020 will be new projects such as Nunavats Meliadine, Yukons Eagle Gold and Quebecs Lamaque Gold.

The Toronto-based gold miner is ranked 11th on PricewaterhouseCoopers 2019 list of the Top 40 global mining companies by market capitalisation. It is also the worlds second-largest gold miner with operations in both American continents, Africa, Australia and the Middle East.

Second in this list, Toronto-based gold producer Agnico Eagle Mines was founded in 1957. Its mining operations are conducted in north-western Quebec and Nunavut Canada, northern Mexico and Finland, along with exploration activities in Sweden, Latin America and the US.

Agnicos gold production in 2018 exceeded 1.63 million troy ounces, overtaking its targets for the seventh year in a row. The mining companys success is apparent in its ability to consistently pay out an annual dividend since 1983. A Bloomberg study reveals that it holds a market capitalisation of nearly $19bn at the Toronto stock exchange.

Although most of its operations have been suspended because of the ongoing coronavirus crisis, Agnico still managed to produce 411,366 troy ounces of gold in Q1, 2020, along with a 3.3% YoY growth. Cash flow in this quarter was $163 million an increase of 9% compared to Q1 2019.

Established in 1993, Toronto-based gold mining company Kinross Gold has major mining operations in countries such as Brazil, Chile, Mauritania, Ghana, the US and Russia. Producing 77 tonnes of gold in 2018, this figure was, however, a near-seven-tonne drop from its gold production in 2017.

In the quarter ended March 31, 2020, Kinross reported good results, nearly doubling its earnings to generate $122.7 million. Despite the Covid-19 pandemic, Kinross managed to produced 567,000 troy ounces of gold in Q1 2020, with none of its mines having to close.

Founded as Goldpac Investments in 1988 and later operating as Brimstone Gold between 1994 and 1999, Kirkland Lake Gold made its first appearance on PwCs Top 40 mining companies list in 2019 at 33rd place.

This growing, Toronto-based gold miner employs a workforce of 2,000, with operations in Canada and Australia. Recording an increase of 34.7% in production from the previous year, 2019 saw Kirkland Lake Gold produce 974,615 troy ounces of gold and annual revenue amounting to $1.38bn.

Canada-based precious metals mining company Yamana Gold was founded in 1994 as a mineral exploration company with a focus on Argentina. After restructuring in 2003, it switched to gold and silver production. It now owns properties and land positions throughout both the Americas, including Canada, Brazil, Argentina and Chile.