The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 76 - 84 of 84
Alaska's mining industry captured the attention, not only of Alaskans but also the country during the past year when a controversy over the proposed Pebble Project in Southwest Alaska bubbled to the surface. Supporters and opponents of a ballot initiative aimed at blocking the mining venture squared off in a vocal and often strident campaign that made headlines nationwide. Alaska Miners Association director Steve Borell cited the contest over development the world-class...
While NovaGold Resources Inc.'s ultimate goal is to become a 1-million-ounce-per-year gold producer, the Vancouver B.C.-based junior is taking a fresh look at the enormous reserves of copper waiting to be mined at its Galore Creek project in British Columbia and its Ambler project in Northwest Alaska. "Management believes the recently completed economic analyses of Galore Creek and Ambler clearly demonstrate that NovaGold's copper assets are considerably undervalued having reg...
Preliminary estimates released by NovaGold Resources Inc. in early September plants an anticipated US$7 billion price tag on building the facilities needed to mine the 38-million-ounce Donlin Creek gold deposit. That is about US$2.5 billion more than was calculated for a feasibility study completed in 2009. Though the preliminary capital costs seem staggering, both NovaGold and its equal partner in Donlin Gold, Barrick Gold Corp., seem confident the feasibility study...
Every year about this time, I notice new ways to gauge just how busy the Alaska mining industry is. This year, it is the silence. Not the amazing silence of a mountaintop in the Alaska Range but the virtual and literal silence being practiced by the people who make up the industry. In an age where communications options are abundant and the opportunity to be "connected" is a 24-7 reality, people in the Alaska mining industry go silent in the depths of summer, primarily...
Although the mining news for the last month was rather on the thin side in terms of volume, a number of significant milestones were reached by the Alaska mineral industry. Over the past 30 days or so, we have had new mineral resources published on three gold deposits and one polymetallic deposit. We've had the first preliminary economic analysis released on a deposit from the Ambler Mining District and the schedule for a second preliminary economic analysis announced for...
The arrival of 2009 was a milestone for NovaGold Resources Inc. Emerging from a tumultuous 2008, the Vancouver, B.C.-based explorer raised badly needed capital and positioned itself to move its three advanced projects toward production. "NovaGold weathered the considerable challenges of 2008 and has emerged well-positioned to take advantage of a rising gold market and build a premier growth-focused precious metals company," NovaGold President and CEO Rick Van Nieuwenhuyse...
Since Mantra Mining Inc. emerged in September as the vehicle in which NovaGold Resources Inc. would spinoff its non-core assets, the Vancouver B.C.-based junior has positioned itself to become a major player on the Alaska mining scene. Over the past eight months, Mantra has acquired whole or part interest in more than 417,000 acres of mining properties in western Alaska, assembled an impressive management team and board of directors (including two Thayer Lindsley award winners...
NovaGold Resources Inc. not only survived 2008 - a year marked by skyrocketing development costs, an unstable financial market as well as environmental and mechanical setbacks at its projects - the embattled miner rocketed into 2009 with its core assets intact and cash in its pocket. In NovaGold's 2008 year-end report, the company described the previous 12 months as challenging for precious metals stocks, including its own. Setbacks at NovaGold's Rock Creek Mine near Nome and...
NovaGold Resources Inc. is beginning 2009 with an infusion of cash. In two separate deals, the Vancouver B.C.-based miner sold enough of its equity to raise $75 million, funds it will use to pay debt and to advance three projects. During a Jan. 12 interview, NovaGold President and CEO Rick Van Nieuwenhuyse told Mining News that moving its huge gold project at Donlin Creek in southwestern Alaska into permitting will be the company's focus in 2009. NovaGold is a 50-50 partner wi...
