The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
Viewed by many as a dangerous expansion of authority, marketed by the U.S. Environmental Protection Agency as simply a clarification of water protection rules already in place, the proposed "Clean Water Rule" has emerged as a primary point of contention between many U.S. lawmakers and the EPA. This dispute was crystal clear when EPA Administrator Gina McCarthy faced U.S. Sen. Lisa Murkowski, R-Alaska, during a recent hearing of the Senate Interior Appropriations Subcommittee...
Novagold Resources Inc. May 4 reported the payment of the remaining US$15.8 million principal balance of its 5.5 percent convertible notes and US$400,000 in interest. With US$135.5 million in cash and term deposits after the May 1 pay-off of the convertible notes principal and interest, Novagold said it has sufficient capital to complete the permitting of the Donlin Gold project in western Alaska, conduct planned studies on its 50-percent-owned Galore Creek project in northwes...
Coeur Mining Inc. May 4 reported first-quarter 2015 revenue of US$153 million, a US$12.4 million increase over the comparable sum in the fourth quarter of 2014. The company attributes the 9 percent improvement in revenue to increased sales and slightly better prices for metals sold. The Kensington gold mine in Southeast Alaska generated US$12.3 million in cash flow, and US$8.2 million in free cash flow, after capital expenditures. Coeur said a 14 percent increase in average...
Redstar Gold Corp. April 29 reported that it has begun the first phase of its 2015 drill program at its Unga gold project, located at the eastern end of the Aleutian Islands of Southwest Alaska. This initial eight-hole (roughly 1,450 meters) program will target the Shumagin gold zone, which is part of the larger Shumagin trend that extends six miles and parallels the six-mile-long Apollo-Sitka trend. This diamond drilling will occur in an area where historically reported holes...
Alaska Lt. Gov. Byron Mallott spent this week getting a firsthand look at trans-boundary water issues from the British Columbia side of the border, where a number of mines are being proposed on water systems that feed rivers that run through Southeast Alaska. "These rivers are key to Southeast Alaska's way of life, including Native cultures, community economies, recreation and subsistence, and, of course, its profitable seafood and tourism industries that employ thousands of...
North Arrow Minerals Inc. May 5 reported final diamond recoveries from a bulk sample collected from the Q1-4 kimberlite at the Qilalugaq Diamond Project bulk sample in Nunavut. Diamond recoveries from the sample include 11,083 diamonds greater than +1 DTC (roughly 1 millimeter) weighing 384.28 carats from 1,353.37 dry metric tons of kimberlite for an overall sample grade of 28.4 carats per hundred metric tons. The recovered diamonds include 30 larger than three grainer...
Fortune Minerals Ltd. and POSCO Canada Ltd. May 5 announced the completion of an agreement with the British Columbia government, under which the British Columbia Railway Company has purchased 61 contiguous coal licenses in the Klappan region of northern B.C. for C$18.31 million. These coal licenses belonged to the Arctos Anthracite Joint Venture, a partnership between Fortune and POSCO. Fortune and POSCO are selling their respective interests in the Arctos project in order to...
Viewed by many as a dangerous expansion of authority, marketed by the U.S. Environmental Protection Agency as simply a clarification of water protection rules already in place, the proposed "Clean Water Rule" has emerged as a primary point of contention between many U.S. lawmakers and the EPA. This dispute was crystal clear when EPA Administrator Gina McCarthy faced U.S. Sen. Lisa Murkowski, R-Alaska, during a recent hearing of the Senate Interior Appropriations Subcommittee...
Commander Resources Ltd. May 5 said it has signed an agreement to acquire all eight of Bearing Resources Ltd.'s exploration assets. Bearing's portfolio includes five exploration assets in the Yukon Territory, two in British Columbia and one in Mexico; plus three royalties including a production royalty on a portion of the Boundary Zone deposit at Imperial Metal Corp.'s currently idled Mount Polley Mine in British Columbia. The exploration properties include Flume, a gold...
Klondike Gold Corp. April 30 announced the start of a C$800,000 exploration program targeting gold-bearing quartz veins and newly identified fault structures at the Lone Star and Dominion Properties near Dawson City, Yukon Territory. Klondike has hired Dawson City-based GroundTruth Exploration Ltd. to use aerial drone technology to acquire ultra-high resolution imagery that has been geometrically corrected to produce accurate base maps and digital elevation models over key...
Skeena Resources Ltd. April 29 said a C$4-million financing announced in late April is heavily oversubscribed, triggering a decision to increase the private placement to C$6.5 million. The terms of the financing otherwise remain the same - each flow-through share will be priced at C8 cents per share and each non-flow-through share will be priced at C6 cents. Skeena will use the funds to advance its Spectrum gold property in northwestern British Columbia and general purposes. T...
