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
Kinross Gold Corp. May 2 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 93,038 ounces of gold during the first quarter, a nearly 6 percent increase over the 87,800 oz recovered there during the first three months of 2016. The company attributes the 5,238-oz increase to higher grade ore being fed through the mill. The mill at Fort Knox processed 2.93 million metric tons of ore averaging 0.75 grams per metric ton gold during the first quarter, compared to 3.2 million metric tons averaging 0.66 g/t during the...
Goldcorp Inc. April 26 reported preliminary results from the 2017 drill program at its Coffee gold project in the Yukon. Drilling began in March with two reverse circulation rigs at the Supremo T8-9 and Arabica targets. Supremo T8-9 is located about 200 meters east of the planned Supremo open-pit mine. Results from 17 holes were available by the end of the first quarter. Highlights from these holes include 10.66 meters of 1.88 grams per metric ton gold from a depth of 51.82 meters and 15.24 meters of 1.38 g/t gold from 59.44...
Seabridge Gold Inc. April 28 announced the closing of a C$22 million flow-through financing. As a result, Seabridge issued 1.1 million flow-through shares at C$20 each, which is a 27.7 percent premium to the closing price on the day the offering was announced. Under Canada's Income Tax Act, a flow-through financing allows mineral exploration companies to transfer their exploration expenses to individual investors that purchase the shares. Most exploration companies do not generate revenues, so they do not need the tax write...
Five miners lost their lives while working alone at mines in the United States during the first quarter of 2017, prompting the U.S. Department of Labor’s Mine Safety and Health Administration to launch a campaign to raise awareness of the dangers miners may face when working in isolation. There were eight mining fatalities in the U.S. during the first three months of this year, five of which were miners who were working alone. MSHA began to become concerned about these u...
Following up on its success in 2016, Redstar Gold Corp. has gotten off to an early start on expanding the high-grade gold zones at its Unga project in Southwest Alaska. The nearly 60,000-acre Unga property blankets two high-grade gold trends – Apollo-Sitka and Shumagin – that each cut roughly six miles across Unga Island. Apollo-Sitka hosts Apollo, a historic mine that produced roughly 150,000 ounces of gold from 1892 to 1913. Shumagin, a parallel structural trend about 2,000...
Agnico Eagle Mines Ltd. April 27 reported continued strong gold production from its Meadowbank Mine in Nunavut and good progress at Amaruq and Meliadine, two advanced gold projects in the territory. Meadowbank produced 85,370 ounces of gold during the first quarter, an 18 percent increase over the 72,311 oz recovered during the same period last year. While the gold production was up due to high-grade ore, Agnico Eagle CEO Sean Boyd said the amount of ore processed by the mill...
TerraX Minerals Inc. May 2 reported results from the first 22 holes of its 43-hole winter drill program at the Yellowknife City Gold Project. Six of the holes were drilled at Dave's Pond, a new discovery at the Northbelt property, a section of the expansive Yellowknife project that extends north from the Northwest Territories capital. TSO16-005, the discovery hole at Dave's Pond, cut 2.40 meters averaging 9.89 grams per metric ton gold. All six holes drilled at this target hit gold mineralization. Highlights include: 8.8 mete...
Golden Predator Mining Corp. May 3 said it is doubling the 2017 drill program at its 3 Aces gold project in southeast Yukon to 40,000 meters. Since the February start of the program, 6,900 meters of reverse circulation drilling has been completed at the Spades zone. This work has tested the depth and strike extensions of the high-grade gold found at the Ace of Spades vein, deeper stockwork mineralization found there, and initial targets at the Jack, Queen, Seven and Three of S...
Bureau of Land Management April 28 announced a 30-day public comment period on a request from Constantine Metal Resources Ltd. to extend the planned road at its Palmer project near Haines by 800 feet. Last year, Constantine gained approval to build 2.5 miles of new road that will provide access to the Glacier Creek deposit at Palmer. This authorization by BLM allows for up to 40 acres of ground disturbance to carry out exploration on their federal claims. The extension requested by Constantine would involve about 0.5 acres...
The Northwest Arctic Borough and Teck Alaska, operator of the Red Dog Mine, May 3 announced that they have finalized a new 10-year payment in lieu of taxes agreement. Under the terms of the agreement, Red Dog would flow roughly US$20 million to US$26 million into the borough each year under the new agreement. Roughly US$14 million to US$18 million of these funds would be paid directly to the Northwest Arctic Borough each year, a payment that would be calculated on a percentage of Red Dog's fixed asset value. The agreement...
