The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 5 of 5
Agnico Eagle Mines Ltd. Feb. 11 reported 1,429,288 ounces of payable gold for 2014, marking the fourth straight year of record gold production from the company's nine mines. Agnico attributes its improved gold production, which is 30 percent greater than the 1.1 million oz in output it reported in 2013, to strong operating results from all of its operations. The company's Meadowbank Mine in central Nunavut produced 452,877 oz of gold in 2014. Gold output at this operation is currently forecast to decline during the next...
Goldstrike Resources Ltd. Feb. 17 reported the closing of a C$1 million non-brokered private placement. The net proceeds from the financing will be used to fund 2015 exploration program at the company's Yukon mineral properties, including follow-up drilling at the Plateau gold project, and for general working capital. On closing, Goldstrike issued 14.92 million non-flow-through units and 5.08 flow-through units, all of which were priced at C5 cents. Each non-flow-through unit includes one common share and one warrant...
While many analysts are betting that most metals prices will at least hold their own, those who follow zinc say 2015 could be a breakout year for the gray metal. China is expected to see lower growth of zinc output due to tightening ore supply worldwide and acceleration of inefficient capacity elimination in China, according to industry watchers. Zinc demand in China, reflected by high output of galvanized plate/sheet, is strong. Production of galvanized plate/sheet hit a new record high of 4.82 million metric tons in...
Amid the volatile metals markets that have become the norm in the past year, miners, developers, explorers, prospectors and investors met in Vancouver at the end of January for the annual Cordilleran Roundup mining convention. The mood was decidely positive, and having seen a lot of "whistling in the cemetary" at this convention in the past, I know the difference between false bravado and contagious optimism. Perhaps it was the stabilization of copper prices after a nine month...
Galvanized by higher zinc prices and strong production at Teck Resources Ltd.'s Red Dog Mine, the value of Alaska's mineral production topped US$3 billion for the fifth year running. Larry Freeman, chief of Minerals Resources at the Alaska Division of Geological & Geophysical Surveys, told an audience at the AME BC Mineral Exploration Roundup that production of zinc, lead and silver - all metals produced at Red Dog - climbed in Alaska during 2014. Gold production, on the...
