The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 101 - 125 of 191
Agnico Eagle Mines Ltd. Sept. 16 provided an update on exploration drilling at its Amaruq gold project in Nunavut, including upgraded resources for the Whale Tail and IVR deposits. As a result of drilling through the first half of 2016, the overall mineral resources at Amaruq increased by 13 percent. This project now hosts an inferred mineral resource of 3.71 million ounces of gold in 19.4 million metric tons grading 5.97 grams per gold. This represents an increase of 432,000 oz. of gold compared to the end of 2015. In...
Agnico Eagle Mines Ltd. Oct. 26 provided an update on its mine and projects in Nunavut, a jurisdiction it considers politically attractive and stable with enormous geological potential. Home to the company's largest producing mine, two significant development assets and other exploration projects, the company believes Nunavut has the potential to be a strategic operating platform with the ability to generate strong production and cash flows over several decades. Agnico's Meadowbank mine produced 72,731 ounces of gold during...
Agnico Eagle Mines Ltd. took healthy strides in 2016 towards developing Amaruq as a satellite to its Meadowbank gold mine in Nunavut. The company acquired Amaruq, a previously undrilled gold property about 50 kilometers (31 miles) northwest of Meadowbank, in 2013 and by the end of 2015 had already outlined 16.9 million metric tons of inferred resource averaging 6.05 grams of gold per metric ton (3.3 million ounces) gold. About 89 percent of this resource is found in a deposit...
Nunavut seems to be ahead of the curve when it comes to recovering from the global downturn in mineral exploration spending. An estimated C$202.5 million was invested in unlocking this Canadian territory's mineral potential in 2015. This 28 percent increase over the C$158 million invested in 2014 came at a time when most jurisdictions around the world were continuing a four-year trend of sharp drops in mineral exploration. While early estimates have Nunavut giving up some...
Endowed with some of the largest undeveloped mineral belts in the world, investment in public geoscience has shown the potential of Nunavut. The 2 million square kilometers (772,000 square miles) of the territory is geologically diverse and offers the potential for many commodities, including gold, diamonds, uranium, iron, base metals, nickel and platinum, making it an attractive destination for exploration. Although many new discoveries are yet to be made, existing mineral...
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...
Agnico Eagle Mines Ltd. is on track to have two new gold mines in Nunavut by 2019 and has grabbed a foothold on gold exploration in Yukon Territory. In recent years, the company expanded its presence in Nunavut, a jurisdiction its sees as both politically stable and geologically rich. Agnico's largest producing mine, Meadowbank, and two development assets, Amaruq and Meliadine, are found in this northern Canada territory. Meadowbank, which began operation in 2010, has enough...
White Gold Corp. Feb. 15 provided an overview of the 2017 exploration program at its 297,000-hectare (734,000 acres) land package in the White Gold District, Yukon. This program will be carried out on 22 of the company's gold properties in the district and is slated to include rotary air blast drilling; soil sampling; bedrock interface sampling, utilizing GroundTruth Exploration's GTProbe; drone surveys; geophysical surveys; mapping and prospecting. This year's planned...
Agnico Eagle Mines Ltd. Feb. 15 said its board of directors has approved the development of Amaruq and Meliadine, two new gold mines in Nunavut. Amaruq is to be developed as a satellite to Agnico's Meadowbank Mine, which lies about 50 kilometers (31 miles) to the southeast. Going into 2017, Amaruq hosted 16.9 million metric tons of open pit indicated mineral resource averaging 3.88 grams per metric ton (2.1 million ounces) gold; and 4.9 million metric tons of open pit...
Aura Silver Resources Inc. March 20 said Agnico Eagle Mines Ltd. plans to resume drilling at Aura's Greyhound gold-silver property in Nunavut this year. Slated to begin in April, this roughly 1,500-meter drill program will follow up on a hole completed by Agnico in 2015 that cut 1.5 meters averaging 6.41 grams per metric ton gold. "The potential for success of future work following up on the discovery of high-grade gold (multiple one ounce per ton gold samples) and silver boulders (some in excess of 5,000 grams per metric...
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...
Sparked by the discovery of the White Gold district and fueled by investors' appetite for mining stocks, the Yukon experienced a modern era gold rush in 2007 that included nearly C$1 billion of exploration spending during over six years. This frenzied exploration turned up dozens of gold projects across the northern territory and now some of the world's biggest gold miners are cutting deals on the best of the discoveries made. Kinross Gold Corp. was the first of the major...
Kinross Gold Corp. May 18 said it has cut a deal to trade its White Gold project and other properties in the Yukon to White Gold Corp. in exchange for a 19.9 percent stake in the junior gold explorer. White Gold owns 23 properties covering 2,970 square kilometers (roughly 633,900 acres) of gold prospective lands in the Yukon, most of which were acquired from legendary prospector Shawn Ryan and Wildwood Exploration Inc., a company owned by Ryan and his wife, Cathy Wood. "We...
Agnico Eagle Mines Ltd. July 26 reported positive results from its Meadowbank gold mine and two development projects in Nunavut. The Meadowbank Mine produced 95,289 ounces of gold in the second quarter, a nearly 32 percent increase over the 72,401 oz produced during the same period last year. The company now expects to extend production at Meadowbank through the end of 2018 and is evaluating opportunities to further extend production into 2019. Any such extensions would...
Agnico Eagle Mines Ltd. reported expansion of the V Zone and Whale Tail deposits at its Amaruq gold project in Nunavut, as well as the discovery of a new zone of gold mineralization about 4,500 meters west of Whale Tail. Amaruq is located about 50 kilometers (31 miles) to northwest Meadowbank, a mine with enough ore to last until the end of 2018. Agnico is developing Amaruq as a satellite deposit and plans to haul Amaruq ore to the Meadowbank Mill. At the end of 2016, Amaruq hosted 16.9 million metric tons of open pit...
G4G Capital Corp. Dec. 20 announced the appointment of renowned Yukon prospector Shawn Ryan to its board of directors. In recent years Ryan has made a number of important gold discoveries in the Yukon, including the 2.2-million-ounce Golden Saddle deposit at Kinross Gold's White Gold property; Goldcorp's roughly 3-million-oz. Coffee deposit; as well as a number of other prospects and deposits being explored in Yukon's prolific White Gold District. "With the addition of Shawn,...
Agnico Eagle Mines Ltd. Dec. 6 announced an agreement to acquire 19.93 percent of the G4G Capital Corp.'s issued and outstanding shares. In late October, G4G Capital announced finalization of an option to acquire 21 properties covering 2,490 square kilometers (roughly 615,300 acres) of the White Gold district in the Yukon from legendary prospector Shawn Ryan and Wildwood Exploration Inc., a company owned by Ryan and his wife, Cathy Wood. To better reflect its focus, G4G Capita...
Agnico Eagle Mines Ltd. July 28 provided an update on its gold projects in Nunavut. The company's Meadowbank Mine produced 144,713 ounces gold at total cash costs of US$789/oz. through the first half of 2016, compared with 179,799 oz. gold at US$672/oz. during the first six months of 2015. The lower production and higher costs are primarily due to lower mill throughput this year. Agnico is investigating opportunities to extend production at Meadowbank through year-end 2018....
Agnico Eagle Mines Ltd. April 28 reported good progress on a plan of transitioning to processing ore from its Amaraq deposit in Nunavut once mining is completed at the Meadowbank gold mine, expected near year's end 2018. During the first quarter of 2016, the Meadowbank mill processed an average of 10,390 metric tons per day gold ore, roughly 5.6 percent less than the 11,006 tpd averaged during the same period a year earlier. Agnico attributes the drop primarily to replacement...
Aura Silver Resources Inc. April 12 said Agnico Eagle Mines Ltd. is planning a third season of exploration on Aura's Greyhound property located some 35 kilometers (22 miles) south of Agnico's Meadowbank gold mine in Nunavut. A ground magnetic resonance survey of the property is currently underway. This detailed survey will cover roughly an area of about 8,000 meters by 3,000 meters that includes a broad area to the east of the all-weather Meadowbank road (running through the...
The Conference Board of Canada Feb. 24 said declining metal and mineral prices, rising global inventories of most mining commodities and easing growth in the Chinese economy will weigh on the economies of Canada's territories in 2016. Nunavut and Yukon are expected to see positive but modest growth this year, but the economy of the Northwest Territories will remain virtually flat, according to the latest "Territorial Outlook" published by the independent research...
Aura Silver Resources Inc. Nov. 24 reported results of an eight-hole drill program completed at its Greyhound property in Nunavut. The program was funded and operated by Agnico Eagle Mines Ltd., which entered into an option agreement on the property in 2014. The 2015 drilling focused on the Aura Lake and Dingo areas of the Greyhound property. Hole GHD15-017, drilled east of Aura Lake, cut more than 25 meters of a stockwork zone of quartz-carbonate veining hosted within mafic...
Agnico Eagle Mines Ltd. Oct. 28 reported that its operations produced a record 441,124 ounces of gold during the third quarter at an all-in sustaining cost of US$759 per oz. As a result of the strong quarter, the Toronto-based miner increased its 2015 gold production guidance to 1.65 million oz. Agnico reported a third quarter net income of US$1.3 million (or US1 cent per share), compared with a net loss of US$15.1 million (US7 cents per share) for the same period last year....
Thanks largely to its burgeoning mining sector, Nunavut is leading the Canadian territories in economic growth. With the start-up of the Mary River iron mine late in 2014, Nunavut now has two operating mines and a number of advanced stage gold, uranium, diamond and base metals projects poised to join the ranks in the coming years. "All in all, real gross domestic product (in Nunavut) is expected to grow by 3.8 percent in 2015, the highest rate of growth among the provinces...
Since acquiring Amaruq in 2013, Agnico Eagle Mines Ltd. has elevated the Nunavut property from an intriguing grassroots prospect to a 2-million-ounce gold deposit that could follow the company's Meadowbank Mine as a successful venture in Nunavut. "While it is still at an early stage of exploration, in less than two years, the Amaruq property has advanced from a grassroots discovery to a project that now hosts a significant and growing inferred gold resource. We also see good...
