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Osisko declares commercial production at Canadan Malarctic

Osisko Mining Corporation CA:OSK +2.75% , has declared commercial production at their flagship Canadian Malartic Mine in Malartic, Quebec. Sean Roosen, President and Chief Executive Officer, commented on reaching this major milestone: "It is our great pleasure to report that our gold milling plant has processed an average of 33,300 tonnes per day during the 30-day period ending June 17, 2011. Our operating team has been successful in ramping up production rapidly and we are seeing steady progress on a daily basis in all facets of our operations. The rapid development of the Canadian Malartic Project from exploration to commercial production is a tribute to the hard work, dedication and expertise of our employees and contractors. With great pride we present Canada's newest and largest commercial gold mine."

CMJ: CaNickel revives Bucko Lake

Canadian Mining Journal reports: Crowflight Minerals of Vancouver has received all the necessary approvals and will begin trading under its new name, CaNickel Mining Limited, on June 23, 2011. The company has also moved its business to British Columbia from Ontario. CMJ reports that since Crowflight restarted nickel mining at Bucko Lake near Wabowden, Manitoba, the mine has shipped 85 tonnes of nickel concentrate to Xstrata's smelter in Sudbury, ON. The mill is currently processing 600 tonnes per day. Image of the Bucko Lake mill, by Crowflight Minerals Inc.

CP: Sutter Gold to proceed with California project after positive assessment

Sutter Gold Mining Inc. (TSXV:SGM) said Wednesday it will go ahead with mine and mill construction at the company's Lincoln gold project in California, according to a report by Canadian Press: The decision follows completion of an independent preliminary economic assessment that indicated "positive economics" for the project near Sutter Creek, Calif., using a base gold price of US$1,100 an ounce. The project will be financed through a $20 million prepaid gold facility from RMB Australia Holdings. Sutter has agreed to deliver a total of 53,027 ounces to RMB, at a price of approximately $950/oz.

IDEX Online Research: U.S. jewelry sales pick up in April

Jewelry and watch demand strengthened significantly in April in the U.S. market. New data indicates that total jewelry and watch sales rose by 11.2% over the same month a year ago, the largest gain since early 2010, when the industry was beginning to recover from the recession. Further, total jewelry and watch sales for the first three months of 2011 were revised upward, and show a much more consistent, positive trend. Preliminary jewelry sales in prior months had been somewhat choppy – in line with the choppy post-recession economic growth. However, newly revised data shows a pattern of solid monthly sales gains.

Liebherr Mining Equipment renews technical and licensing agreement with advanced equipment simulator manufacturer Immersive Technologies for a second five-year period

One of the world’s leading manufacturers and suppliers of mining excavators and haul trucks, Liebherr has chosen to continue providing Immersive Technologies with exclusive access to both its engineering staff and also its confidential, machine technical information which is considered essential to accurately simulate Liebherr’s real machines to the highest level of fidelity for operator training.

World class underground operating practice in Bulgaria

In less than a year from now Chelopech aims to break the mould in continuous improvement of underground mining bringing world-leading underground operating practice to Bulgaria. John Chadwick will report in detail in the magazine about the attention to detail, reliable and innovative communications, some of the latest trackless mining technology, commitment and passion that are all coming together at the Chelopech copper-gold mine in Bulgaria (IM, October 2006). Read more

Iron Road Limited (ASX:IRD) Raises A$21M to Advance Central Eyre

Iron Road Limited (ASX:IRD) is pleased to announce it has successfully raised A$21.6 million to further advance the Central Eyre Iron Project following the recently completed positive prefeasibility study. "The funds raised today will allow us to continue our aggressive resource drilling campaign and deliver additional large tonnages into the project. We are currently drilling the Murphy South western extension and PIRSA have this week approved drilling over the Murphy South eastern extension. This work will further enhance our position as we continue our partnership discussions.