The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
Coeur Mining Inc. April 14 released a new high-grade mine plan for its Kensington gold mine in Southeast Alaska that forecasts higher gold production at lower costs. From 2015 through 2020, the Kensington Mine is anticipated to average 128,000 ounces of gold at average costs applicable to sales of US$820 per ounce. Production in 2014 was 117,823 ounces of gold at costs of US$951 per ounce. This new plan reflects the recent discovery of the Jualin zone and indicates higher...
Hecla Mining Co. April 12 reported that its silver production for the first quarter of 2015 was 2.9 million ounces, a 16 percent increase over the same period last year. Some 2.0 million ounces of this silver was recovered from the Greens Creek Mine in Southeast Alaska, a 14 percent increase from the first three months of 2014. "Greens Creek, with higher grades and recoveries, led another strong operating quarter for Hecla - silver production is among the highest in our...
The Alaska Division of Geological & Geophysical Surveys April 8 issued a report from the 2014 Tok electromagnetic and magnetic geophysical survey, which covers roughly 2,500 square kilometers (965 square miles) centered roughly 56 kilometers (35 miles) west-southwest of Tok. The west and northeast portions of the survey area contain numerous known copper, gold, and gold-silver-copper-lead-zinc prospects, some with drill-identified precious and base-metal resources documented...
NovaCopper Inc. April 9 provided an update on its projects and finances for the three months ended Feb. 28. For the quarter, NovaCopper reported a net loss of US$1.5 million, compared with a net loss of US$2.6 million for the corresponding period in 2014. The company said lower expenditures this year are primarily due to a decrease in professional fees, salaries and mineral property expenses offset by an increase in stock-based compensation expense. NovaCopper is currently...
Environmentalists are often perceived as watermelons (Green on the outside and Red on the inside) by the business community because of their total disregard of the social costs associated with their advocacy. Certainly, it seems fundamental that they freely embrace fiscal impact in their guerilla attacks; however, implying that they are committed Communists overstates the motivation of all but the most extreme individuals. For me, the definition of a Communist is someone...
Capstone Mining Corp. April 13 reported that its copper production for the three months ending March 31 totaled 23,700 metric tons, with by-products of zinc, molybdenum, lead, silver and gold. The Minto Mine in Yukon Territory produced 4,095 metric tons of copper in concentrates, 37,919 ounces of silver and 3,792 oz. gold. This production was significantly higher than planned due to ore from Area 118 underground that was above model grades, combined with the mining of an area...
Estrella Gold Corp. April 8 reported that its shareholders have approved a plan for Tarsis Resources Ltd. to acquire all of the outstanding shares of Estrella. Under this arrangement, Estrella shareholders will receive one common share of Tarsis for each Estrella share held. Upon completion of the merger, a 10-1 share consolidation will take place and the combined company will change its name to Alianza Minerals Ltd. Estrella CEO Jason Weber will serve as the president and CEO of Alianza; and Tarsis CEO Marc Blythe will be...
It has been nearly four years since any significant exploration has been carried out at the Whistler property, but a preliminary deal for Kiska Metals Corp. to sell it could mean a renewed focus on this copper-gold project in Southcentral Alaska. Under a non-binding agreement reached April 9, Alternative Earth Resources Inc. would acquire full ownership of Whistler in exchange for issuing Kiska 24.5 million of its shares, which would represent half of the company's shares upon...
