The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
Despite protests by Alaska miners and government, the U.S. Bureau of Land Management has pushed ahead with a management plan that will place roughly 74 percent of BLM-administered lands in Alaska’s Eastern Interior region off limits to mining for decades to come. BLM is responsible for the management of 6.5 million acres in the federal government’s Eastern Interior planning area, a roughly 30-million-acre, triangle-shaped expanse of eastern Alaska that stretches from the Yuk...
Constantine Metal Resources Ltd. Jan. 5 reported that Dowa Metals & Mining Alaska Ltd. opted to exercise its option to become a 49 percent joint venture partner in Palmer, a copper- and zinc-rich volcanogenic massive sulfide project near Haines in Southeast Alaska. Early in 2013, Dowa and Constantine inked a deal that provides the Tokyo-based smelting and mining company with the opportunity to earn a 49 percent stake in the Palmer project by investing US$22 million over a four-year span. Dowa invested roughly US$20 million...
Coeur Mining Inc. Jan. 5 announced that its Kensington Mine in Southeast Alaska produced 33,688 ounces of gold in the fourth quarter, a 27 percent increase over the previous three months and the best quarterly gold production for 2016. The strong finish to 2016 is due to high production, 163,410 tons milled, and higher grades, which averaged 0.22 oz/t. For full year 2016, the underground mine produced 124,331 oz of gold, a slight decrease from the 126,266 oz recovered in 2015. Coeur is expecting similar production at...
Hecla Mining Co. Jan. 10 reported that its Greens Creek Mine in Southeast Alaska produced 9.25 million ounces of silver in 2016, the highest production since the Idaho-based miner bought full ownership of the operation in 2008. This strong performance helped push Hecla's total silver production to a record 17.2 million oz, 48 percent higher than 2015. In addition to the silver, Greens Creek produced 53,912 oz of gold, along with healthy quantities of zinc and lead. For the fourth quarter, 2.2 million oz of silver and 14,415...
Northern Empire Resources Corp. Jan. 6 filed a technical report that details recent exploration at the company's Richardson gold project and outlines recommendations for future work at the Interior Alaska property. Roughly 25 miles (40 kilometers) northwest of Delta Junction, Richardson hosts multiple gold targets - Democrat Pit, Shamrock and Northwest Camp. During a summer 2016 program, Northern Empire completed 277 line-kilometers of ground magnetic geophysical surveys and...
Auryn Resources Inc. Jan. 9 said Goldcorp Inc. has agreed to invest C$35 million to acquire a roughly 12.5 percent interest in the gold exploration company. The deal with Goldcorp is part of a larger financing that is expected to gross C$18.17 million in cash from direct share subscriptions and C$23 million from the sale of flow-through shares. Goldcorp has agreed to acquire all of the direct shares and some of the shares offered on a flow-through basis. Under Canadian tax law...
BCGold Corp. Jan. 9 reported the discovery of a new gold-silver soil anomaly at its Engineer Mine property in northwestern British Columbia. From 1910 to 1952, the historic Engineer Mine produced roughly 18,000 ounces of gold and 8,950 oz silver from 14,263 metric tons of ore averaging 39.4 grams per metric ton gold and 19.5 g/t silver. The newly discovered BC anomaly was located in an area of limited exploration near the intersection of two shear zones about 500 meters...
