The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
Ucore Rare Metals Inc. Feb. 17 reported that its SuperLig®-One rare earth separation pilot plant, currently being constructed in Utah by IBC Advanced Technologies Inc., is expected to be completed and ready for initial fluid testing in March. Roughly 40 metric tons of material sourced from Ucore's Bokan-Dotson Ridge property in Southeast Alaska was processed at Tomra Systems ASA in Germany utilizing dual energy x-ray transmission ore sorting technology. This process, which represents the first step in Ucore's process flowshee...
Kennady Diamonds Inc. Feb. 16 reported that a 6.4-metric-ton sample of kimberlite recovered from drilling the Faraday 2 kimberlite at the company's Kennady North project in Nunavut returned 3.04 carats of commercial grade diamonds per metric ton. "Delineation drilling has defined the strike of the Faraday 2 kimberlite over roughly 390 meters, and the pipe remains open on strike to the west," said Kennady President and CEO Patrick Evans. "The 'commercial' sample grade of more than three carats per metric ton confirms that the...
Kinross Gold Corp. Feb. 11 reported that Fort Knox Mine near Fairbanks produced 401,553 ounces of gold in 2015, a six percent increase over the mine's output of 379,453 oz. in 2014. Some 13.5 million metric tons of ore averaging roughly 0.76 grams per metric ton gold was processed through the mill in 2015; and approximately 25.2 million metric tons of ore averaging about 0.7 g/t gold was stacked on the mine's heap leach pad during the year. Production costs at the Interior...
Coeur Mining Inc. Feb. 10 reported a banner year at its Kensington gold mine in Southeast Alaska. "It delivered consistent operating performance throughout the year, resulting in gold production of 126,000 ounces at cost of US$798/oz.," Coeur President and CEO Mitchell Krebs informed shareholders and analysts on Feb. 11. The 126,266 ounces of gold produced at Kensington was recovered from 660,464 tons of ore averaging 0.2 oz. /t gold. Mill recovery rates averaged 94.9 percent... Full story
Hecla Mining Company Feb. 16 reported 175 million ounces of silver in proven and probable reserves, marking the 10th straight year that exploration has resulted in record reserves for the company. The 1 percent annual increase in silver reserves comes despite the fact that prices used to calculate the reserves were lowered to US$14.50 per ounce silver, down from $17.25/oz. used the year before. The company's measured and indicated silver resources decreased by 2 percent to...
Teck Resources Ltd. Feb. 11 reported that the Red Dog Mine produced 567,000 metric tons of zinc in 2015, roughly five percent less than the 596,000 metric tons produced in 2014. While ore grades and recoveries were up slightly at the Northwest Alaska operation, mill production was down. Likewise, lead production at Red Dog was down about four percent from 112.5 metric tons in 2014 to 117.6 metric tons in 2015. The zinc sold by Teck in 2015 averaged US87 cents per pound, down 1... Full story
Going into 2016, gold was selling for US$1,060 per troy ounce, and most analysts were predicting that the precious metal would at least dip below US$1,000/oz., a major psychological floor for the metal. Over the ensuing six weeks, however, the safe haven metal climbed more than 15 percent to new highs not seen in more than a year. With the price of gold rocketing through the US$1,200/oz. mark to US$1,253/oz. on Feb. 11, analysts are re-evaluating the precious metal's destinati... Full story
Pretium Resources Inc. Feb. 17 said the Brucejack project remains on schedule for commercial production in 2017, and the costs of developing the high-grade underground gold mine are coming in under budget. Upon reaching a 60 percent engineering milestone, a capital cost estimate was carried out in late 2015. The estimated total project capital cost to complete design, construction, installation and commissioning, including contingencies, is now US$640.8 million. Adding in... Full story
Skeena Resources Ltd. Feb. 12 reported that its compilation of historical work on high-grade gold-silver and bulk tonnage copper-gold exploration targets on its GJ copper-gold project in northwestern British Columbia has resulted in the discovery of five high-grade gold prospects. Skeena's review focused on targets within the northern portion of GJ and does not include the Donnelly, North Donnelly, GJ and Camp porphyry copper-gold deposits in the central core of the property....
IDM Mining Ltd. Feb. 16 said the British Columbia Environmental Assessment Office has issued a section 11 order for the Red Mountain underground gold project that outlines the scope and requirement of the provincial environmental assessment, as well as the public and Aboriginal consultation procedures. A preliminary economic assessment outlines plans for a 1,000-metric-ton-per-day mill producing 55,000 ounces of gold and 171,000 oz. of silver per year over a five-year mine...
