The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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The territories of northern Canada, so far, appear to have escaped the novel coronavirus pandemic that is currently sweeping the globe. This is due, in part, to the remoteness of the region. But it's also likely the result of extraordinary steps some mining companies are taking to keep COVID-19 out of the region. Sabina Gold & Silver Corp., a Canadian junior aggressively seeking gold in Nunavut, for example, reported March 17 to delay the start of its 2020 exploration program...
From exploring resource expansion and discovery targets on its namesake property to testing a potential hardrock source of the rich placer streams in the Sixtymile district near the Alaska border, White Gold Corp. continues to systematically advance multiple gold targets across its more than 1 million acres of prospective land in Yukon's prolific White Gold District. This work is bolstered by the technical and financial support of strategic partners Agnico Eagle Mines Ltd....
For Agnico Eagle Mines Ltd., 2021 proved to be a transformative year at its operations in Nunavut. The gold miner acquired a third mine in the Far North Canadian territory, completed extensive exploration programs at its mine properties in Nunavut, and edged closer to its goal of zero carbon emissions from its operations by 2050. Agnico also entered a proposed merger-of-equals agreement with Kirkland Lake Gold, a combination that would create the third-largest gold miner in...
With the rise of the Omicron variant and the 13 presumptive COVID-19 cases at its Meliadine and Hope Bay gold mines in Nunavut, Agnico Eagle Mines Ltd. is sending its Nunavummiut (Nunavut residents) workforce home with pay for at least three weeks. In March of 2020, at the onset of the coronavirus pandemic, Agnico made a similar decision to send its Nunavummiut workers home for at least four weeks. "We value our relationship with the people of Nunavut and are committed to do...
Looking to strengthen the gold mine platform it is building in Nunavut, Agnico Eagle Mines Ltd. is investing roughly US$33 million into exploring its three main assets in the Canadian territory – Meliadine mine, Meadowbank Complex, and the recently acquired Hope Bay mine. This robust investment in Nunavut is part of US$163 million of exploration the company has budgeted for all of its assets, which is substantially higher than the US$113 million invested in exploration d...
Found within the newest territory of Canada, Nunavut may seem barren and inhospitable, yet it has provided resources and succor to its First Peoples for thousands of years. While European colonizers and the indigenous peoples in their ancestral home suffered many differences, it was the shared efforts of the two groups in trade and labor that bridged this gap, eventually leading to the formation of Nunavut itself. While it may seem strange, as history often describes events...
White Gold Corp. Nov. 11 reported a 16% increase to the mineral resources for the VG deposit at QV, a gold exploration project about 85 kilometers (53 miles) south of Dawson City, Yukon. White Gold acquired QV from Comstock Metals Ltd. in 2019. At the time, the VG deposit on this property hosted 4.4 million metric tons of inferred resource averaging 1.65 g/t (230,000 ounces) gold. The gold mineralization in this deposit appears to be very similar to the Golden Saddle deposit...
Agnico Eagle Mines Ltd. and Kirkland Lake Gold Ltd. have announced plans to merge into a major mining company slated to produce 3.4 million ounces of gold this year. With similar market capitalizations and gold production profiles in Canada and other politically stable jurisdictions, the deal is considered a merger of equals that would create a company with a market cap of around US$23 million based on a slight drop in share prices of both companies following the merger announ...
Mineral exploration activity is heating up this summer in Nunavut after a yearlong hiatus sparked by restrictions and cautionary moves driven by the COVID-19 pandemic in early 2020. For the northern Canadian territory's two mine operators and a handful of advanced- and early-stage explorers, the outlook for 2021 programs is much brighter. In mid-June, the Government of Nunavut gave Agnico Eagle Mines Ltd. the green light to allow its workers living in the Kivalliq region of...
JOHNSON TRACT, Alaska – A nearly half-a-million-ounce gold deposit sitting on a 7.5-mile trend of obvious yet underexplored mineralization just a few miles from the coast in Southcentral Alaska was hiding in plain sight for more than two decades before HighGold Mining Inc. began unlocking the rich potential of this high-grade gold project in 2019. Owned by Cook Inlet Regional Inc., more widely known as CIRI, Johnson Tract is one of the many mineral-rich properties identified a...
From its first-ever diamond drill program on the Betty property in the vicinity of Western Copper and Gold Corp.'s Casino copper-gold project in the Dawson Range to testing a potential hardrock source of the rich placer streams in the Sixtymile district near the Alaska border, White Gold Corp. is in the midst of an expansive exploration program across its more than 1 million acres of prospective land in Yukon's prolific White Gold District. "We are anticipating an exciting...
White Gold Corp., one of the most active mineral exploration companies in Canada's North in recent years, is taking a closer look at Nolan, a property found in Yukon's fabled Sixtymile area near the Alaska border. Here, eager prospectors have pulled gold from the region's creeks and streams since the precious metal was first discovered in the region in 1884. White Gold is betting throngs of prospectors who scoured the area during the past 136 years left a lot of gold behind. T...
Two mining companies with operations in Alaska and northern Canada, Agnico Eagle Mines Ltd. and Teck Resources Ltd., landed on the Corporate Knights list of 2021 Global 100 Sustainable Corporations, an index of the most sustainable corporations in the world. With an overall score of 60.6%, Agnico Eagle placed 73rd, making it the top-ranked mining company appearing on Corporate Knight's 2021 Global 100 list. "We are extremely proud to be recognized as one of the world's 100...
Nunavut is one jurisdiction in Canada with a favorable economic outlook in the face of the COVID-19 pandemic, according to a recent economic analysis completed by the Conference Board of Canada. The reason: Nunavut's mining sector, which remained mostly intact in 2020, accounted for more than one-third of its economy, a higher share than in every other Canadian province or territory. Projected to have expanded 6.1% last year, Nunavut's economy is forecast to grow 13.2% in...
Already headed toward the lowest level of annual mineral exploration spending in nearly two decades, the mining industry in Nunavut got broadsided by the coronavirus pandemic in 2020. Travel and workplace restrictions quickly imposed last spring by federal and local authorities to prevent the spread of the disease to the northern territory led some companies to cancel or postpone planned exploration programs until 2021. In February, Natural Resources Canada released figures...
White Gold Corp. continues its systematic exploration of dozens of targets it has identified across its more than 1-million-acre land package in Yukon's White Gold District. In June, the Yukon-focused gold exploration company announced that longtime strategic partners and new institutional investors are participating in a C$6 million financing that involves the issuance of 6.67 million flow-through shares at C90 cents each. Gold majors Agnico Eagle Mines Ltd. and Kinross Gold...
Agnico Eagle Mines Ltd. viewed the start of gold production from its Amaruq and Meliadine mines in Nunavut during 2019 as an inflection point that marked a new era for the company's endeavors in this geologically blessed, politically attractive, and stable northern Canadian Territory jurisdiction. The Toronto-based gold miner, however, did not envision this new era starting with a global pandemic that would suspend operations at its new mines and change the modus operandi at...
In what could be the best outcome of Ottawa blocking Shandong Gold Mining's bid to acquire TMAC Resources Inc., Agnico Eagle Mines Ltd. has agreed to buy out its fellow Nunavut gold miner for C$286.6 million. TMAC Resources, which got off to a rocky start of operations at its Hope Bay gold mine in Nunavut, has been looking for a company with the financial wherewithal and mining expertise to make the northern Canada operation a success. Under an agreement reached in May,...
White Gold Corp. Oct. 14 reported that it cut high-grade gold mineralization in five of the six holes drilled this year at Ryan's Surprise, a target about 2,000 meters west of the company's flagship Golden Saddle deposit in the Yukon. The Golden Saddle and Arc deposit on the White Gold property host 15.6 million metric tons of indicated resource averaging 2.28 grams per metric ton (1.14 million oz) gold; and 9 million metric tons of inferred resource averaging 1.39 g/t...
White Gold Corp. Oct. 22 reported that this year's trenching, GT probe and soil sampling at JP Ross has identified widespread structurally controlled gold mineralization at multiple targets on the road accessible property in Yukon's White Gold District. "To date, at least 14 gold targets have been identified on the JP Ross property across a 14- by 11-kilometer (8.7 by 6.8 miles) area, many within close proximity to significant current and historical placer gold operations,"...
White Gold Corp. is gearing up for another season of systematically advancing the dozens of exploration targets identified across its more than 1-million-acre (422,730 hectares) land package in Yukon's White Gold District. On May 15, the Yukon-focused gold exploration company announced that longtime strategic partners and new institutional investors are participating in a C$6 million financing that involves the issuance of 6.67 million flow-through shares at C90 cents each. Go...
Agnico Eagle Mines Ltd. March 25 reported that it is temporarily shuttering its LaRonde Complex, Goldex and Canadian Malartic gold mines in Quebec, and reducing operations at its Meadowbank and Meliadine mines in Nunavut. This decision follows a March 23 order by the Quebec government for all non-essential businesses in the eastern Canada province to close in response to the COVID-19 outbreak. Based on the Quebec decision, as well as discussion with provincial leaders, Agnico...
Agnico Eagle Mines Ltd. March 19 said it is providing four weeks of paid leave for its Nunavut-based workforce. This announcement follows the Government of Nunavut's declaration of a state of public health emergency relating to COVID-19. "While there are no confirmed cases of COVID-19 in Nunavut, declaring a public health emergency allows (us) to be coordinated with efforts across the territories and Canada, and take the measures necessary to keep us prepared for the virus,"...
Buoyed by the first-ever mineral resource estimate reported for its Yellowknife City Gold Project, Vancouver-based Gold Terra Resource Corp. (formerly TerraX Minerals Inc.) appears to be hitting its exploration stride after a half-dozen years of seeking gold in Northwest Territories. In February, the junior reported new intersections of gold mineralization in a winter drill program carried out at two deposits on its 790-square-kilometer (305 square miles) property. The junior...
Canada's provinces and territories have fallen from grace in the eyes of the global mining community, according to the latest rendition of Fraser Institute's Annual Survey of Mining Companies. For the first time in a decade, no Canadian jurisdiction ranks in the top 10 for "investment attractiveness" in the annual survey conducted by the Canadian public policy think-tank. This report asks industry professionals from around the globe to score mining jurisdictions based on their...
