The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 576 - 600 of 3583
Teck Resources Ltd. April 26 reported that severe snowstorms impacted first quarter zinc production and revenues from its Red Dog Mine in Northwest Alaska. During the first three months of this year, Red Dog produced 126,200 metric tons (278 million pounds) of zinc, which is 4% lower than the 131,600 metric tons (290.1 million lb) produced during the same period of 2022. First quarter lead production at Red Dog was 23,100 metric tons (50.9 million lb), roughly 7% higher than...
Nova Minerals Ltd. April 10 announced that the Estelle project in Alaska now hosts 9.9 million ounces of gold in 1.1 billion metric tons of global resource averaging 0.3 grams per metric ton gold. While this represents only a marginal increase over a resource estimate completed a year ago, the company says the more conservative geological modeling used for the current resource better positions the project for more detailed studies moving forward. "While the current MRE...
American Pacific Mining Corp. April 24 announced that a US$25.5 million (C$34.5 million) budget has been approved for the 2023 work program at Palmer, which will be the largest single-season program ever carried out at this high-grade volcanogenic massive sulfide project in Southeast Alaska. A 2019 preliminary economic assessment that was updated early in 2022 outlines plans for an underground mine and 3,500-metric-ton-per-day mill at Palmer that would produce 1.07 billion...
Graphite One Inc. April 27 announced that it has received the first active anode material for lithium-ion batteries produced from material derived from its Graphite Creek deposit in western Alaska. Active anode material, also known as coated spherical graphite, is the single largest ingredient in the lithium batteries powering electric vehicles. Given the auto sector's rapid transition to EVs, S&P Global Platts' estimates the annual global demand for graphite will rocket to 5...
The U.S. Army Corps of Engineers April 25 announced that it is taking a second look at its decision to deny Pebble Limited Partnership's application for the permits to establish a mining operation at the Pebble copper project in the Bristol Bay watershed of Southwest Alaska. The mine put forward for permitting is expected to produce 320 million pounds of copper; 363,000 ounces of gold; 15 million pounds of molybdenum; 1.8 million oz of silver; and 12,000 kilograms of rhenium a...
North Slope and Northwest Arctic boroughs ink joint resolution in favor of Ambler access. The Northwest Arctic and North Slope boroughs have put their combined political weight behind an effort to push the U.S. Department of Interior to expediently reapprove a road to the copper- and zinc-rich Ambler Mining District in Northwest Alaska. Located about 200 miles west of the Dalton Highway, a lone transportation artery that connects Alaska's North Slope with the rest of the... Full story
Northern Star Resources Ltd. April 26 announced that an unscheduled shutdown to repair the ball mill motor at Pogo resulted in a drop in gold production and increase in the per-ounce production costs at the company's Alaska operation. When restarting the ball mill at the end of a routine mill shutdown in early March, the Pogo team discovered damage to the motor. At the time, Northern Star anticipated that it would take up to six weeks to make the repairs. In its quarterly...
Nighthawk Gold Corp. April 26 published results from a preliminary economic assessment that details very strong economics for a mine at its Colomac project in Northwest Territories that would produce 3.26 million ounces of gold over 11.2 years of operation. The PEA envisions a "hub-and-spoke" mining operation with a 17,000-metric-ton-per-day mill located at Colomac Centre, where most of the resources are located, with ore from satellite deposits across the 359-square-mile...
New $19.6 billion proposal deemed fair by Newcrest board; companies advance one step closer to merger. With a new US$19.6 billion (A$29.4 billion) offer, Newmont Corp. is one step closer to completing a merger with Newcrest Mining Ltd. For Newmont, which is already the world's largest gold mining company, the proposed combination with Newcrest would add gold and copper production from mines in Australia, Canada, and Papua New Guinea. In February, it was revealed that Newmont...
After $8.2 billion cash offer for coal assets, Teck calls Glencore's merger bid a non-starter. Despite an $8.2 billion cash sweetener, Teck Resources Ltd.'s board of directors is holding steadfast to its position that Glencore's aggressive bid to buy out the Canadian miner is a non-starter. "Glencore has made two opportunistic and unrealistic proposals that would transfer significant value to Glencore at the expense of Teck shareholders," Teck Resources Chair Sheila Murray...
Starts 2023 strong with 4M oz from Greens Creek and Lucky Friday; 2.5M oz boost expected from Keno Hill to close out the year. Hecla Mining Company April 14 reported that record mill throughput at its Greens Creek Mine in Alaska helped to launch a strong start to 2023 silver production, and the slated third quarter start of production at its Keno Hill Mine in the Yukon is expected to culminate in a spectacular finish to the year. The Greens Creek Mine produced 2.8 million...
Offers $8.2 billion for BC coal assets ahead of a merger that provides Teck shareholders 24% stake in MetalCo. Teck Resources Ltd. continues to rebuff an increasingly aggressive buyout bid by Glencore, which hopes to merge with the Canadian mining company and then create two new companies that would advance the coal and metals assets resulting from the combined portfolio. This plan to create separate coal and metal mining companies is a continuation of a demerger strategy set...
Trilogy Metals Inc. April 4 reported that the final set of assay results from the 2022 drilling at the Upper Kobuk Mineral Projects includes the best hole ever drilled at Arctic when it comes to the grade of the metals encountered times the length of the intercept. "We are pleased to close out the reporting of our 2022 drilling campaign with additional high-grade results that reaffirm Arctic as one of the highest grade, open pitable copper deposits in the world," said Trilogy...
World's top miner proposes merger, demerger to form world's top metals and coal mining companies. Merger and acquisition activity continues in the North of 60 Mining News area with Glencore's unsolicited US$22.5 billion (C$30.3 billion) all shares offer to merge with Teck Resources Ltd., which owns the Red Dog zinc mine in Alaska and interest in several advanced copper exploration projects in Northern British Columbia. On April 3, Teck announced that the world's largest...
Glencore says it is willing to cut a deal directly with shareholders if a planned split of Teck's metal, coal assets is stopped. With Teck Resources Ltd.'s board of directors and management refusing to consider its roughly US$22.5 billion (C$30.3 billion) merger proposal, Glencore is taking its increasingly aggressive takeover bid directly to the diversified Canadian mining company's shareholders. "Glencore is willing to make an offer directly to Teck shareholders if the...
B2Gold Corp. April 19 completed a C$1.1 billion (US$820 million) acquisition of Sabina Gold & Silver Corp. and that company's Back River gold project in Nunavut. The district-scale Back River project includes five claim blocks along an 80-kilometer (50 miles) belt in the Kitikmeot region of western Nunavut. The most advanced project at Back River is Goose, a fully permitted, construction-ready mine project that is slated to produce 3.34 million oz of gold over 15 years of...
U.S. GoldMining Inc. April 24 announced that it has closed a US$20 million initial public offering that provides the newly minted company with funds for the exploration and development of the Whistler copper-gold-silver project in Alaska. "The launch of U.S. GoldMining supports our confidence in the potential for the Whistler Project and stands testament to the caliber of our team," U.S. GoldMining CEO Tim Smith said upon the completion of the IPO. "U.S. GoldMining is now...
Just hours before shareholder vote, Teck pulls its plan to split company; leaves door open for Glencore to pursue takeover. On the dawn of its annual shareholder meeting, Teck Resources Ltd. removed a pivotal proposal to split the iconic Canadian mining company into a base metals-focused company to be rebranded as Teck Metals Corp. and a metallurgical coal company to be named Elk Valley Resources Ltd. Shareholder approval of this split would have likely put to rest an... Full story
To follow up on the success of its 2022 exploration at Kitsault Valley, Dolly Varden Silver Corp. is mobilizing five rigs to complete up to 45,000 meters of resource expansion and exploration drilling across this precious metals-rich project in Northern British Columbia. Located about 40 kilometers (25 miles) southeast of Stewart, BC, the 63-square-mile (163 square kilometers) Kitsault Valley project is an amalgamation of Dolly Varden's namesake project and the adjacent Homest...
NorZinc Ltd. April 20 announced the completion of a 170-kilometer (about 105 miles) pioneer winter road to the Prairie Creek Mine, which serves as the first phase of an all-season access road to the zinc mine in Canada's Northwest Territories. Prairie Creek is the site of a historical zinc-silver mine that was developed in the 1970s and 1980s but was never ramped up to full production due to a collapse in the price of silver that supported the economics of the project....
Cassiar Gold Corp. April 20 reported assay results from 13 holes drilled at Cassiar South, a historically mined high-grade gold area on the company's namesake project in British Columbia. Situated about 55 miles (90 kilometers) southwest of Watson Lake, Yukon, the 145,800-acre (59,000 hectares) Cassiar gold property is divided into two areas – Cassiar North, which hosts the bulk tonnage Taurus gold deposit, and Cassiar South, which hosts multiple high-grade gold targets. While...
Li-FT Power Ltd. April 19 announced that it has entered into a preliminary agreement with the Yellowknives Dene First Nation ahead of a 42,000-meter drill program that it plans to carry out this year on its newly assembled Yellowknife Lithium project about 60 kilometers east of Yellowknife, Northwest Territories. Li-FT is a new junior exploration company formed early last year that is focused on lithium, a metal that is in high demand due to its use in the batteries powering...
Core Assets Corp. April 18 reported that its 2022 sampling has extended mineralization at the Falcon target, a vein-hosted gold-silver occurrence associated with the Silver Lime project on the company's Blue property in Northern British Columbia. "In addition to the high-grade carbonate replacement occurrences discovered and sampled at the Silver Lime CRD-Porphyry Project, many historical and new high-grade vein-hosted occurrences were located and extended in 2022," said Core...
Core Assets Corp. April 11 reported strong copper and associated silver was encountered during 2022 channel sampling at the Kim skarn target on the company's 113,900-hectare (281,500 acres) Blue property in Northern British Columbia. Located along BC's border with Alaska in the Atlin Mining District, the district-scale Blue land package hosts high-grade skarn, carbonate replacement, and porphyry prospects enriched with copper, gold, zinc, silver, and lead. Since assembling the...
The Northwest Territories capital city of Yellowknife is emerging as a northern link in North America's electric vehicle supply chain. Already home to Canada's only rare earths mine, a 160-kilometers (100 miles) area around this northern mining town happens to be enriched with the lithium and cobalt that is in massive demand for EV batteries, along with numerous other minerals critical to both Canada and the United States. A roughly 9,600-square-kilometer (3,700 square miles)... Full story
