The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Mining's contribution to Alaska's economy starts with the hefty paychecks being issued to the some 4,350 miners that work in the state, according to recent study completed by the Alaska Miners Association and McDowell Group. The report, "The economic benefits of Alaska's mining industry," found that the average miner working in Alaska during 2016 received a whopping US$108,000 for the year, about double the average income across all sectors in the state. That is nearly US$470...
Golden Predator Mining Corp. Feb. 13 announced a deal with Precipitate Gold Corp. that will add 8,490 hectares (20,980 acres) of mineral claims to its 3 Aces project, expanding this high-grade gold property to roughly 357,000 hectares(882,200 acres) that covers a 30-kilometers (19 miles) stretch of southeastern Yukon. This new property, known as Reef, extends north from the original 3 Aces property to Hy-Jay, a property Golden Predator agreed to acquire in January. To acquire full ownership of Reef, Golden Predator has...
Coeur Mining Inc. Feb. 8 said it plans to begin processing ore from the Jualin deposit at Kensington towards the end of this year. To bring this higher grade deposit online while maintaining production from the Kensington side of the project, Coeur invested roughly US$36.8 million in capital expenditures at the Southeast Alaska operation in 2016, a figure that is expected to be above US$40 million this year. The company invested roughly US$6.2 million on exploration in 2016, roughly US$3.5 million of which is included in the...
Teck Resources Ltd. Feb. 15 reported a strong finish to the year at Red Dog, resulting in the Northwest Alaska mine producing 583,000 metric tons (1.29 billion pounds) of zinc and 122,300 metric tons (269.6 million lbs) of lead in 2016. Production of both metals exceeded the company's guidance for the year. Teck is forecasting Red Dog to produce 545,000 to 565,000 metric tons of zinc and 110,000 to 115,000 metric tons of lead. The mine was also bolstered by significantly higher zinc prices. During the fourth quarter, zinc...
Millrock Resources Inc. Feb. 14 said it has completed a Z-axis tipper electromagnetic (ZTEM) and magnetic airborne geophysical survey over a large portion of its Oweegee Dome copper-gold project in the Golden Triangle region of northwestern British Columbia. ZTEM, an airborne geophysical system developed by Geotech Ltd., is capable of deep penetration and identification of conductive zones at depth. The goal of this survey at Oweegee Dome was to identify conductive bodies that may represent porphyry-style copper-gold...
Auryn Resources Inc. Feb. 15 announced the acquisition of 19 prospecting permits covering 120 kilometers (75 miles) of the Gibsons MacQuoid greenstone belt, which is situated between the Meliadine gold deposit and Meadowbank Mine in Nunavut. The acquisition of the prospecting permits cost Auryn roughly C$100,000, granting the company the rights to explore the 329,000-hectare (813,000 acres) gold prospective area for three years and exclusive right to stake minerals claims...
TMAC Resources Inc. Feb. 10 said it has completed the first gold pour at its Hope Bay project, marking an important milestone for the company's new mine in Nunavut. Commercial production for the initial 1,000-metric-ton-per-day recovery plant currently in place is slated to be reached by the end of March. For the balance of 2017, TMAC will focus on doubling gold production. A second processing plant is currently under construction in Australia and is expected to be delivered...
Canadian Zinc Corp. Feb. 14 reported that it has entered into a memorandum of understanding with Northwest Territories Power Corp. to explore the potential of supplying power for the development and operation of the Prairie Creek Mine in the Northwest Territories. Under the agreement, the companies will assess how Northwest Territories Power could supply both the primary electricity and infrastructure needed to generate and deliver the power. Additionally, the companies will...
