The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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The World Gold Council Sept. 12 launched its Responsible Gold Mining Principles, which lays out a framework that provides investors and downstream gold supply chain customers with clear expectations as to what constitutes responsible gold mining. "It is our aim that the Responsible Gold Mining Principles reinforce trust in gold and the gold mining industry. Consumers, investors and the downstream gold supply chain will be able to know, with confidence, that their gold has...
Skeena Resources Ltd. Sept. 9 announced that infill drilling at its Eskay Creek project in British Columbia's Golden Triangle has discovered a previously unidentified vent carrying high-grade gold and silver. According to a resource calculated in February, Eskay Creek hosts 12.71 million metric tons of surface mineable indicated resource averaging 4.5 grams per metric ton (1.8 million ounces) gold and 117 g/t (47.79 million oz) silver; and 13.57 metric tons of surface...
After 15 years of leading the effort to unlock the vast mineral potential of the Ambler Mining District, Rick Van Nieuwenhuyse has turned in his resignation as president, CEO and director of Trilogy Metals Inc. Van Nieuwenhuyse, who told Mining News that he needed some time to handle personal matters, will remain as a consultant to the company and will assist with transitional matters and with advancing the company’s interests in Alaska. Jim Gowans – former president and CEO...
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
Skeena Resources Ltd. Aug. 7 announced the start of a roughly 15,000-meters surface drill program at its Eskay Creek gold-silver project in British Columbia's Golden Triangle. From 1994 to 2008, Barrick Gold Corp. operated an underground mine at Eskay Creek that produced roughly 3.3 million ounces of gold and 160 million oz of silver at average grades of 45 grams per metric ton gold and 2,224 g/t silver, which at the time made it the world's highest-grade gold mine and fifth-l...
Hecla Mining Company sees higher grades at its Greens Creek Mine in Southeast Alaska as a catalyst for higher companywide silver production this year. "Silver production at Greens Creek continued to be strong due to higher grades, so we are increasing our estimates for silver production for the year," said Hecla Mining CEO Phillips Baker, Jr. Through the first half of 2019, the Greens Creek Mine has produced 4.6 million ounces of silver, which accounts for roughly 77 percent...
Earlier this month Reuters reported that several agencies within the U.S. Federal government were "rapidly assessing" our domestic ability to mine and refine rare earth elements and utilize those 17 super cool elements in value-added products needed for a wide and ever-growing array of consumer and national defense products. Not surprisingly, mining industry officials demurred when quizzed about supplying information on where rare elements might be mined in the U.S. and how...
Contango ORE Inc. June 11 announced that the sales process for the Peak Gold joint venture has concluded without identifying a buyer for the partnership that owns the high-grade Peak Gold project in Interior Alaska. Two adjacent skarn deposits at Peak Gold – Main Peak and North Peak – host 9.2 million metric tons of measured and indicated resources averaging 4.08 grams per metric ton (1.21 million ounces) gold and 14.19 g/t (4.2 million oz) silver. A preliminary economic ass...
Trilogy Metals Inc. May 23 named Janice Stairs as the new chair of its board of directors. Stairs, who has been a director of Trilogy Metals since 2011, graduated from Dalhousie Law School and holds a Master of Business Administration degree from Queen's University. "Janice is well suited to chair the Trilogy board. With her strong legal background, her many years working in the mining sector and the fact that she has been an active director of Trilogy Metals since its...
Since its formation in 1999, Seabridge Gold Inc. has amassed very large gold resources and reserves while keeping a watchful eye on the number of shares it has issued. In its 2018 annual report, this Toronto-based exploration company said this has positioned the company well in a world of dwindling gold reserves. "The simple truth is that the industry is not finding gold at the rate it needs to. We are," Seabridge Gold Chairman and CEO Rudi Fronk penned in the report. Over...
While neither Barrick Gold Corp. or Novagold Resources Inc. have officially announced plans to proceed with the development of Donlin Gold, there are indications that partners are leaning toward a positive decision on this 39-million-ounce gold mine project in Southwest Alaska. "With permitting largely complete, we are shifting more focus on integrating scoping-level optimization work into a study that will serve as the basis for an updated project development plan," Novagold...
ATAC Resources Ltd. Jan. 28 reported that its initial phase of 2019 exploration will focus on Rau, a 660-square kilometer (255 square miles) property at the western end of the company's Rackla Gold property in the Yukon. Currently, this property is anchored by Tiger, a carbonate replacement body with 5.68 million metric tons of measured and indicated resources averaging 2.66 g/t (485,700 oz) gold. "The Rau project is an emerging 20-kilometer- (12.5 miles) long polymetallic dis...
Skeena Resources Ltd. Feb. 28 reported an updated open-pit resource for its Eskay Creek gold-silver project in northern British Columbia. Skeena cut a deal with Barrick Gold Corp. late in 2017 to acquire the major's interest in Eskay Creek and during 2018 the junior carried out an initial phase of expansion and infill drilling targeting three zones – 21A, 21C and 22 – at this historic gold-silver mine property. The 46 holes Skeena Resources drilled from the surface, com...
When it comes to attracting mining investment, Alaska, British Columbia and all three Canadian territories rank among the top 20 jurisdictions in the world on the Fraser Institute Survey of Mining Companies 2018. This report asks industry professionals from around the globe to score mining jurisdictions based on their mineral endowment and various policy topics important to mining. "The mining survey-now in its 21st year-is the most comprehensive report card on government...
Those of you that attended the recent Cordilleran Roundup Convention in Vancouver can attest to the exuberant, upbeat atmosphere that pervaded the conference and was very much in evidence at the standing-room only festivities at our annual self-hosted Alaska Night meet and greet. But digging down under this veneer of optimism, many of the junior explorers and most of the producers admitted to their expectations of challenging times in 2019. Putting words to this apparent...
Following last year's merger with Randgold Resources, Barrick Gold Corp. has now made an offer to acquire Newmont Mining Corp., a deal that would merge the world's two largest gold mining companies into a behemoth valued at around US$42 billion based on the current market capitalization of the two gold producers. The combined company would also have 141 million ounces of gold in reserves and 275 million oz in resources. "The combination of Barrick and Newmont will create what...
Will the new Barrick Gold Corp. sell its 50 percent stake in the Donlin Gold project? This is the question on the minds of many Donlin Gold stakeholders and Novagold Resources Inc. shareholders following Barrick Gold's merger with Randgold Resources Ltd. Currently, Barrick and Novagold are 50-50 co-owners of Donlin Gold, a 39-million-ounce gold project in the Yukon-Kuskokwim region of Southwest Alaska. While the size of this deposit is definitely world-class and the resource...
I, for one, feel vindicated, relieved and ready to face the New Year! How so, you ask? Please let me explain. For those of you who remember my column in November, I noted that EY Global Mining and Metals publishes an annual "risk radar" for mining and metals, outlining what mining companies perceive as the top ten risks facing them in the near future. This publication was for the years 2017-2018 and stated that "Our number one risk this year is digital effectiveness." If you...
Alaska boasts what many consider the most successful Aboriginal land claims settlement on Earth – a solution that has not only turned out to be a cultural success, but a brilliant business move for the more than 140,000 Alaska Natives and an economic boon for the state that covers the resource-rich lands these industrious and innovative peoples have called home for millennia. Signed into law by U.S. President Richard Nixon in 1971, the Alaska Native Claims Settlement Act, comm...
Skeena Resources Ltd. Jan. 15 reported additional high-grade gold-silver intercepts from the recently completed drill program at the Eskay Creek project in the Golden Triangle of northwestern British Columbia. Skeena cut a deal with Barrick Gold Corp. late in 2017 to acquire the major's interest in Eskay Creek and during 2018 the junior carried out an initial phase of expansion and infill drilling targeting three zones – 21A, 21C and 22 – at this historic gold-silver mine pro...
As the year waned, Alaska's mining industry reported some of the last of its 2018 seasonal field results while the University of Alaska and state of Alaska released some current and projected state-wide economics. At the same time, some macro-economic data was released for the global mining industry. Combined, these figures show a mix of encouraging and not so encouraging trends facing the Alaska mining industry. At the global scale, things for the mining industry are looking...
The American Exploration & Mining Association Dec. 19 announced that it honored Novagold Resources Inc. with the AEMA Platinum Award for Corporate Excellence at the association's 124th Annual Meeting in Spokane, Washington. The award was bestowed to Novagold for its part in designing the Donlin Gold project to incorporate a strong culture of safety, environmental stewardship, and community engagement with the potential to generate meaningful benefits throughout Alaska for...
ATAC Resources Ltd. Dec. 12 reported that Barrick Gold Corp. has terminated its option to acquire an interest in the Orion project, one of three project that makes up ATAC's expansive Rackla Gold property in the Yukon. "We would like to thank Barrick for its exceptional collaboration and sharing its extensive knowledge of Carlin-style systems with ATAC over the past two years," said ATAC Resources President and CEO Graham Downs. ATAC also announces the results from the 2018...
Sojourn Exploration Inc. Dec. 12 reported results from this year's sampling at Todd Creek, a porphyry copper-gold property about 40 kilometers (25 miles) southeast of Seabridge Gold Inc.'s enormous KSM project. A time domain induced polarization survey carried out this year at Todd Creek showed a significant chargeability anomaly underlies the Yellow Bowl zone, a roughly 3,000-meter-long corridor of strongly altered and variably copper-gold mineralized intermediate volcanic ro...
Skeena Resources Ltd. Dec. 5 reported gold-silver intercepts from another eight holes drilled at the Eskay Creek project in British Columbia's Golden Triangle. Skeena cut a deal with Barrick Gold Corp. late in 2017 to acquire the major's interest in Eskay Creek. This year the junior carried out an initial phase of expansion and infill drilling targeting three zones – 21A, 21C and 22. The latest batch of results are from holes testing the 21C Zone, highlights include: • 10....
