The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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A highlight for 2010 has been the startup of the Kensington gold mine in June. I first testified at a hearing on the Kensington project in Haines in 1990. Gold price fluctuations, environmental group attacks, financial markets, etc. all played a role in the saga. Coeur Chairman and CEO Dennis Wheeler should be commended for his diligence and determination to make Kensington into a mine. However, I am disappointed about one item at Kensington, and it does not involve the quality of the orebody, the work of the company or the...
The financial meltdown of late 2008 and early 2009 was nearly the undoing of some junior exploration companies as well as some major companies. Many of the major mining companies had to drop prospects, lay off employees, institute serious cost-cutting measures, and sell assets to keep their companies viable. A key factor was company size and continued cash flow from operations. Junior exploration companies typically do not have operating cash flows and these companies are just now seeing investments return as metal prices inc...
