The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 7 of 7
With high-grade ore being hauled to the surface from the Jualin deposit, Coeur Mining Inc.'s Kensington Mine in Southeast Alaska is poised to churn out more gold at lower costs moving forward. Through the first nine months of this year, this underground mine about 45 miles north of Juneau produced 80,162 ounces of gold. Going into 2017, Coeur planned for Kensington to produce at least 120,000 oz of gold this year. The Chicago-based miner, however, had hoped to be closer to...
Agnico Eagle Mines Ltd. Oct. 25 said it remains on track to have two new gold mines at Amaruq and Meliadine projects in Nunavut by 2019. "Our major projects in Nunavut continue to advance on time and on budget and we are excited by the significant growth in gold production and the related cash flows that these projects are forecast to provide," said Agnico Eagle CEO Sean Boyd. Amaruq is being developed as a satellite to Meadowbank, a gold mine that lies about 50 kilometers...
Dominion Diamond Corp. Nov. 1 announced that it has closed the deal to sell all of its outstanding shares to The Washington Companies for US$14.25 per share, worth roughly US$1.2 billion. Founded by billionaire Dennis Washington, The Washington Companies is a group of privately held North American mining industrial and transportation businesses. "This is an exciting day for Dominion Diamond and The Washington Companies," said Washington President Lawrence Simkins. "We fully su...
Thanks to an extended shipping season, roughly 2.2 billion pounds of zinc is being delivered from the Red Dog Mine in Northwest Alaska to world markets starving for the galvanizing metal. “The concentrate shipping season was extended by two weeks and is expected to be completed in the first week of November, having shipped the maximum possible of around a million (metric) tons of zinc concentrate and 210,000 (metric) tons of lead concentrate,” said Teck Resources Ltd. Pre...
CopperBank Resources Corp. Oct. 30 reported drill results that continue to confirm and expand copper mineralization in the Main and North zones of its Pyramid project on the Alaska Peninsula. DDH 17PY035 cut 251 meters averaging 0.41 percent copper over two intervals in the Main zone - a near surface intercept of 137 meters of 0.45 percent copper, 0.02 percent molybdenum and 0.15 grams per metric tons gold from a depth of 42 meters and 114 meters of 0.37 percent copper, 0.01 percent molybdenum and 0.08 g/t gold from 205...
White Gold Corp. Oct. 30 reported that drilling has cut broad intercepts of strong gold mineralization at the Golden Saddle deposit at the White Gold property, Yukon. Highlights from the latest batch of results from Golden Saddle include: 34 meters of 4.57 grams per metric ton gold from a depth of 155 meters in hole WHTGS17DD-0170; and 54.9 meters of 1.42 g/t gold from a depth of 64 meters in WHTGS17RC-005. White Gold, a company formed late in 2016, hold claims covering...
In early November, the Alaska Miners Association will hold its annual convention in Anchorage. Unlike the past four or five years, the excitement surrounding the convention this year is palpable due to the steady increase in exploration, development and production activities in Alaska in 2017. Clear signs of the industry's long-awaited revival include the fact that 11 new project acquisitions have taken place in 2017, half of which involve companies that are newcomers to the...
