The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Agnico Eagle Mines Ltd. Oct. 25 said it expects to produce more gold than previously predicted both this year and next. Based on strong operational performance, the company has raised its gold production guidance for 2018 to 1.6 million, slightly higher than the 1.58 million ounces of gold predicted at mid-year. Given the positive development progress at its Meliadine and Amaruq projects in Nunavut, Agnico Eagle now also expects its 2019 gold production to exceed 1.7 million...
White Gold Corp. Oct. 16 announced the discovery of Golden Saddle West, or GS West, a shallow zone of gold mineralization about 750 meters west of the Golden Saddle deposit on the company's White Gold property in the Yukon. The GS West target is found along a structural trend hosting several other targets, including the high-grade Ryan's Showing discovery announced in September. All three holes drilled this year at GS West cut Golden Saddle style mineralization, including 24...
Agnico Eagle Mines Ltd. July 16 reported that its Amaruq and Meliadine gold mine projects in Nunavut are on track to begin production next year. On July 11, Crown-Indigenous Relations and Northern Affairs Canada Minister Caroline Bennett approved the Type A water license, which allows Agnico to begin construction and development of the Whale Tail pit at Amaruq. "We would like to thank the various regulatory agencies, both federal and territorial, the Inuit Organizations, the...
White Gold Corp. May 30 reported it has drills turning at White Gold and Betty, two of the Yukon-focused explorer's highest priority properties. "This is a very exciting time for the company as we begin work on two of our top priorities," said White Gold Corp. CEO David D'Onofrio. A resource calculated earlier this year for the White Gold property outlines 12.32 million metric tons of indicated resource averaging 2.43 grams per metric ton (961,000 ounces) gold; plus 5.16 milli...
White Gold Corp. is eager to expand known gold deposits and make news discoveries across the roughly 1 million acres (390,000 hectares) of prospective lands it holds in the Yukon's White Gold District. About half of this year's C$9 million exploration program is focused on regional targets across the extensive land holding, including more than 100 rotary air blast (RAB) drill holes, airborne geophysical surveys, over 22,000 soil samples and other exploration activates. The...
Mining is expected to fuel strong economic growth in Nunavut and Yukon in the coming years, according to The Conference Board of Canada's latest Territorial Outlook. "With many new mining projects on the horizon in Nunavut and Yukon, growth is expected to take off over the next five years," said Marie-Christine Bernard, director, provincial and territorial forecasting, The Conference Board of Canada. The conference board's outlook for Northwest Territories, however, is not...
Agnico Eagle Mines Ltd. April 26 said its Amaruq and Meliadine gold mine development projects in Nunavut remain on schedule and are expected to boost the company's annual gold production to 2 million ounces by 2020. "During the first quarter, we continued to make very good progress at our Nunavut growth projects, with Amaruq permitting activities advancing as expected and development of the underground exploration ramp proceeding as planned," said Agnico Eagle CEO Sean Boyd....
Aura Silver Resources Inc. May 3 reported that Agnico Eagle Mines Ltd will continue to carry out exploration at Aura's Greyhound gold property this year. Situated 32 kilometers (20 miles) south of Agnico Eagle's Meadowbank gold mine in Nunavut, Greyhound hosts gold-rich zones and base metals-rich volcanogenic massive sulfide targets. Agnico earned an initial 51 percent interest in a portion of Greyhound upon completing a 2017 spring drilling program, a stake that can be...
Dunnedin Ventures Inc. April 18 announced that it has raised C$2.08 million to further exploration of its Kahuna diamond project in Nunavut and has received conditional approval from the TSX Venture Exchange to spin out Solstice Gold Corp., which will be exploring the gold potential that has been identified at Kahuna. The money raised by Dunnedin included the issuance of 5.34 million non-flow-through units at C30 cents each and 250,000 flow-through units at C40 cents each. All units include one Dunnedin share and half of a...
Agnico Eagle Mines Ltd. Feb. 14 reported that its plans to bring the Amaraq and Meliadine gold mines in Nunavut into production is ahead of schedule. In recent years, the company expanded its presence in Nunavut, a jurisdiction the company sees as both politically stable and geologically rich. "(W)e continue to make excellent progress on our Nunavut development projects which has allowed us to advance the expected start-up of Meliadine and increase our production guidance for...
Welcome to the 10th anniversary of Mining Explorers! While there have been tectonic shifts in the mineral exploration markets over the past decade, two things have remained rock solid – mining explorers continue to uncover the vast mineral resources across Alaska and Canada's North and North of 60 Mining News has been here to tell their story. With the price for an ounce of gold pushing above US$1,300 to ring in the new year – along with zinc and copper selling at mul... Full story
Canada is the world's top destination for mining exploration spending, attracting more than 14 percent of global budgeted expenditures from explorers seeking to tap the country's vast mineral wealth. Yet in 2017, the three huge mineral-rich territories to the north, Nunavut, Northwest Territories and Yukon Territory, lured only about C$360 million, or less than one-fifth of the roughly $2.1 billion that junior and senior mining companies invested in mineral exploration and dep... Full story
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest... Full story
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked... Full story
With continued financial and technical support from Agnico Eagle Mines Ltd. and Kinross Gold Corp., White Gold Corp. carried out a budgeted C$9 million program in 2018 to expand known deposits and explore the larger potential across the roughly 1 million acres (390,000 hectares) of prospective lands it holds in the Yukon's White Gold District. The explorer's massive portfolio of gold properties is a re-assemblage of White Gold prospects legendary Yukon gold prospector Shawn Ry... Full story
Agnico Eagle Mines Ltd. reported substantial progress this year at its Amaruq and Meliadine gold mine development projects in Nunavut that are expected to boost the company's annual gold production to 2 million ounces by 2020. Meadowbank, currently the company's only operating mine in Nunavut, began production in 2010 and is now nearing the end of its gold reserves. The mill and other facilities there, however, will continue operations thanks to Amaruq, a satellite deposit... Full story
Dunnedin Ventures Inc. is focused on exploring Kahuna, a large diamond property about 16 miles (26 kilometers) northeast of Rankin Inlet in Nunavut. Two kimberlites on the property – Kahuna and Notch – host 4.02 million carats of diamonds in 3.99 million metric tons of inferred resource averaging 1.01 carats per metric tons. Chuck Fipke, the renowned geologist that made the diamond discoveries that led to Ekati and the other mines in Northwest Territories, is an advisor and... Full story
Spun out of Dunnedin Ventures Inc. in April, Solstice Gold Corp. is focused on exploring the gold potential at the Kahuna project, a large venture located about seven kilometers (4.4 miles) east of Agnico-Eagle Mines Ltd.'s Meliadine gold mine project in Nunavut. Dunnedin has outlined 4.02 million carats of diamonds in 3.99 million metric tons of inferred resource averaging 1.01 carats per metric ton in two kimberlites at Kahuna. During its diamond exploration, however, the... Full story
Goldcorp Inc.’s half-a-billion-dollar purchase of Kaminak Gold Corp. and the Coffee Gold project in Yukon Territory in 2016 marked a major shift for North of 60 mining explorers. Junior mining explorers typically look to the investment community for the venture capital needed to discover rich deposits of minerals. In turn, major mining companies come along and buy the mineral-rich project or the company that discovered it, typically providing a handsome return for the j... Full story
Nunavut is a vast and minerals-rich swath of the Earth's crust and Nunavummiut, or the people who live there, see mining as the foundation of the territory's future. "The mining industry brings employment and career opportunities for residents of Nunavut and provides much-needed economic benefits to families where the cost of living is high," said Nunavut Minister of Economic Development and Transportation Monica Ell-Kanayuk. To create the conditions for a strong mining... Full story
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...
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize... Full story
Following up on the discoveries made during a C$1 billion exploration explosion in the Yukon from 2007 until 2013, five of the world's largest gold producers are leading a second wave of the 21st Century Yukon Gold Rush. Kinross Gold Corp., which operates the Fort Knox Mine in neighboring Alaska, was the first of the majors to grab a foothold in the Yukon when it acquired the White Gold property in 2009. The real rush of majors to the westernmost Canada territory, however,... Full story
With financial and technical backing from Agnico Eagle Mines Ltd. and Kinross Gold Corp., legendary prospector Shawn Ryan has set out to finish what he started in Yukon's White Gold District. To accomplish this objective, Ryan has put roughly 1 million acres (390,000 hectares) of the White Gold District into White Gold Corp., a newly formed exploration company that owns claims covering roughly 40 percent of this promising gold region. Of the dozens of White Gold prospects...
Kinross Gold Corp. has a two-pronged exploration strategy – focus its own efforts on high-quality brownsfield assets, including the discovery of new resource surrounding its existing operations; and nab a foothold on promising greenfield opportunities through partnerships with high-quality junior exploration companies. The Fort Knox Mine in Interior Alaska is an example of the success the company has had in expanding resources near its mines. In its 21st year of operation, t...
