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
Teck Resources Ltd. April 21 reported first-quarter adjusted profit attributable to shareholders of C$64 million, or C11 cents per share, compared with C$105 million, or 18 cents per share, in 2014. The company attributes the lower profits to challenging commodity markets, which was partially offset by a stronger U.S. Dollar. "Our ongoing focus on cost management and operational performance, aided by the strong U.S. dollar, is enabling our diversified business to withstand...
Endurance Gold Corp. April 20 said the 2013 and 2014 summer programs at its Elephant Mountain gold property in Interior Alaska confirmed an intrusive-hosted target area measuring at least 1,800 by 600 meters. This area includes an untested induced polarization chargeability anomaly, the Central Zone target, located between two gold-arsenic soil and rock sample anomalies, the North and South Zone targets. In 2014, Endurance completed 36 power-assisted auger soil samples at...
Alaska Department of Transportation April 15 reported that the U.S. Bureau of Land Management has relinquished any claims to ownership of more than 550 miles of lands underlying the Tanana River. In its written decision, known as a recordable disclaimer of interest, the BLM agreed that Alaska has clear title to these submerged lands as promised under the Alaska Statehood Act. "These disclaimers represent a mutual agreement between the state of Alaska and the BLM that a river i...
With a mild winter for most of Alaska behind us and an early spring in progress over much of the state, spring fever has once again laid its grip on the mining industry. A number of exploration and development programs are slated for the summer season, suggesting the mining industry has finally started to rise from the three-year miasma that has gripped it worldwide. A couple of macro-scale items also are pointing toward a more robust industry. The U. S. Geological Survey's...
Having established that the Graphite Creek deposit in western Alaska is so massive that a mine could ship out 50,000 metric tons of graphite per year for centuries, Graphite One is now narrowing its focus to study the graphitic carbon found on the property. This new emphasis is on upgrading a segment of the enormous resource already identified to a category in which mining economics can be considered and analyzing the graphite to ascertain whether it fits the needs of...
North Arrow Minerals Inc. April 21 reported that yellow diamonds recovered from the Q1-4 kimberlite at the Qilalugaq Project in Nunavut contain un-aggregated nitrogen, a defining characteristic of rare Type Ib diamonds with fancy "Canary Yellow" colors. Type Ib diamonds are exceptionally rare. "In fact, less than 1 percent of more than 24,000 fancy yellow diamonds investigated by the Gemological Institute of America as part of a 2005 study were classified as Type Ib diamonds,...
Dominion Diamond Corp. April 20 said Diavik Diamond Mine processing volumes for the first quarter of 2015 fell 19 percent compared to the first three months of last year. The company attributes this decrease to the lack of stockpile ore that was available last year; mining through an area of higher-than-normal dilution; and upgrades made to the crusher during the quarter, which led to reduced capacity. As a result, 1.5 million carats of diamonds were recovered during the...
The Kensington gold mine in Southeast Alaska is set to produce more gold at lower costs in the coming years, according to a new plan published by owner Coeur Mining Inc. "Our recent success identifying high-grade mineralization near existing Kensington infrastructure has added higher-margin production to our mine plan and significantly improved the expected economics of the mine," Coeur Mining President and CEO Mitchell Krebs explained. The highest grade portion of this newly...
Royal Gold Inc. April 17 reported that its wholly owned subsidiary, RGLD Gold AG, received about 26,200 ounces of gold from the Mount Milligan copper-gold mine in British Columbia for the quarter ended March 31. As part of its purchase and sale agreement with Thompson Creek Metals Company Inc., Royal Gold can purchase 52.25 percent of the payable gold produced at Mount Milligan for US$435 per ounce, or the prevailing gold price, whichever is less. Royal Gold currently sells...
Banyan Gold Corp. April 16 announced plans to resume drilling at its Hyland Gold property in eastern Yukon Territory. Banyan has signed a contract with Whitehorse-based Kluane Drilling to complete at least 1,200 meters of core drilling at Hyland and has mobilized all required equipment and materials to site to support this program. A dozer and excavator delivered to the property will allow for access construction and trenching of the project's Montrose Ridge zone. Montrose...
