The mining newspaper for Alaska and Canada's North
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WHITEHORSE, Yukon Territory - Quieter streets, emptier skies, shorter business hours and closed shops here are sure signs of tough times in the mining industry. Hours away by helicopter, one can find bare-bones exploration camps and skeleton staffs sprinkled like the occasional grain of visible gold across remote mountain vistas, which also reflect the return to the frugal times of the past. In the wake of more than two years of scarce capital, mineral exploration activity is a shadow of the booming times the territory...
While the frenzy of activity that engulfed the Yukon Territory in 2011 did not re-emerge this season, scores of players, from upstart juniors to global mining firms mounted impressive mineral exploration campaigns throughout the territory. Gold was the primary metal sought in the Yukon in 2012, but some explorers chased silver, copper, zinc-lead, iron and other minerals. Based on the spending plans of mining companies in March, Natural Resources Canada projected C$285 million planned spending across the Yukon, a decrease of...