The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 201 - 225 of 391
Barrick Gold Corp. and Cisco Systems Inc. have formed a partnership that will likely influence every facet of Donlin Gold, a world-class mine project in Alaska on pace to go into production in 2022. The collaboration, announced Sept. 12, aims to apply Cisco’s cutting-edge digital expertise to Barrick’s current and future world-class gold mines. At this envisioned 21st Century gold mine, shift supervisors are quickly apprised with real-time updates and videos delivered to a han...
Metallic Minerals Corp. (formerly Monster Mining Corp.) Sept. 19 reported the appointment of Greg Johnson as CEO and chairman. Prior to joining Metallic Minerals, Johnson held the position of president and CEO at Wellgreen Platinum and South American Silver, and was a co-founder and executive at Novagold Resources. He began his career with Placer Dome (now Barrick Gold), where he held various senior roles in domestic and international exploration. Johnson was a co-recipient of the PDAC's Thayer Lindsay International...
The U.S. Army Corps of Engineers has added 33 days to the comment period for the draft environmental impact statement for Donlin Gold, providing area residents and other interested parties more time to review the lengthy document and offer informed input on the enormous gold mine project proposed for the Yukon-Kuskokwim region of Southwest Alaska. The Donlin Gold Mine being considered in the draft EIS includes a 53,500-metric-ton-per-day mill that is expected to produce an...
Novagold Resources Inc. and Barrick Gold Corp. – equal co-owners of the Donlin Gold project – have both said they are unwilling to develop the 40-million-ounce gold deposit in a weak gold price environment. So, with Donlin entering the final phase of a five-year permitting process, are the partners ready to build a world-class gold mine in Southwest Alaska? With gold prices up roughly 16 percent since the start of the year and showing resilience at around US$1,250 per oun...
Over the past month, three of Alaska's large mines reported strong quarterly results; two projects in advanced permitting and pre-feasibility reported recent progress; and three exploration properties changed hands. The latter is a trend putting 2015 on course to be one of the most active years for new acquisitions in the past decade. Placer gold production has all but ceased for the year; however, output from Alaska's placer mines is not likely to be known with any certainty...
Most of Alaska is now enjoying a warm, early spring, allowing field programs to get off to an quicker start this year. While budgets are still tight, interest in Alaska projects has steadily increased as the mining and metals markets slowly recover from a four-year slowdown. Current estimates for 2016 exploration expenditures are looking like they will end up in the US$50 million to US$60 million range, down from the US$75 million range of last year but less precipitous than...
With metal prices stabilizing, physical stockpiles dwindling and demand again on the rise, things are beginning to look up for the beleagered mining industry. Gold's performance over the past several months is a case in point. The World Gold Council reported that during the first quarter, buying of exchange-traded gold funds rose to its highest level since early 2009, wiping out the deep sell-offs of 2014 and 2015 for this instrument. Uncertainties in the fiscal stability of...
A group of the world's largest mining companies have taken the lead in protecting World Heritage sites and are pushing for global governments to follow suit. "The conservation of World Heritage sites is a collective responsibility we all share, and ICMM wants to see more movement from governments to protect them," said Tom Butler, CEO, International Council on Mining and Metals. ICMM is a coalition of 23 global mining companies that include names familiar to Alaska's mining...
Skeena Resources Ltd. June 20 posted a 2016 budget of C$2.5 million to fund a 6,000-meter drill program at its recently acquired Snip gold property. This is double the drilling originally planned for this historic Golden Triangle property. In March, Skeena reported that it had entered into an option to acquire 100 percent interest in the property that hosts the past-producing Snip Gold Mine from Barrick Gold Corp. A budget of C$2.5 million for the 6,000 meters of drilling has...
Novagold Resources Inc. June 1 reported completion of the public comment phase for the Donlin Gold draft environmental impact statement. "Successful completion of the public comment period represents a key milestone as we take Donlin Gold up the value chain for the benefit of all of the project's stakeholders," said Novagold President and CEO Greg Lang. Donlin Gold LLC - equally owned by subsidiaries of Novagold Resources Inc. and Barrick Gold Corp. - initiated permitting for Donlin Gold in 2012, a process estimated to take...
Skeena Resources Ltd. May 17 unveiled plans for a 3,000-meter drill program at its recently acquired Snip gold property in northwestern British Columbia. Snip historically hosted a high-grade underground mine that produced 1.1 million ounces of gold from 1.25 million metric tons of ore averaging 27.5 grams per metric ton gold. The mine began production in 1991 and operated until 1999, when high operating costs, exhaustion of economic reserves, and the US$300/oz. price of gold...
Novagold Resources Inc. April 4 released its first-quarter financial results and updates for its 50 percent-owned Donlin Gold project in Alaska and its 50 percent-owned Galore Creek copper-gold-silver project in British Columbia. At Donlin Gold, the U.S. Army Corps of Engineers continues to collect public comments on the draft environmental impact statement for the gold project. Meetings to collect comments on the draft EIS were held in Anchorage and in communities across the...
Skeena Resources Ltd. March 23 reported the signing of an agreement with Barrick Gold to acquire the historic high-grade Snip gold mine in northwestern British Columbia, an operation that produced roughly 1 million ounces of gold from ore averaging 25 grams per metric ton gold. Under terms of the agreement, Skeena may acquire a 100 percent interest in the Snip property by: issuing up to 3.25 million Skeena shares to Barrick; investing C$2 million on Snip within the first 30 months of the agreement, including C$500,000 within...
Although there is plenty of Alaska mining industry news this month, the big dog in the pen is the dramatic and unexpected run-up in the price of gold, which moved from a low of $1,078 per ounce to a high of $1,246/oz., most of which occurred after Feb. 1. Although profit-taking and other factors have caused the price to back off a bit, the move was both dramatic and unexpected. As you might guess, the ether is full of talking heads telling us why it went up, why it either won'...
Novagold Resources Inc. Jan. 28 reported year-end 2015 financial results and provided project updates for its 50 percent-owned Donlin Gold and Galore Creek projects. Novagold's highlight for the year was the publishing of a draft environmental impact statement for the Donlin Gold project. "Our most important achievement in 2015 was the publication of the Donlin Gold draft EIS, a major milestone in the permitting process for the project," said Novagold President and CEO Greg...
Diesel has long been the fuel of choice for the enormous haul trucks, dozers, shovels and other equipment that most mines use. Many industry leaders, however, are looking ahead to natural gas as an economically and environmentally friendlier source of energy for the colossal machines. "LNG (liquefied natural gas) is a fuel source that has the potential to lower costs, significantly reduce emissions and improve environmental performance at our operations," said Teck Resources...
As the curtain rings down on 2015, the sound of clapping and cheering can already be heard from the mining industry as it anticipates the end of a largely depressing year which started out looking like the long-awaited industry recovery was going to happen but in the end, did not. The uncertainty brought on by this year's unsettling events was front and center in a recent round-table discussion hosted by Northern Miner, sponsored by PearTree Securities and entitled "New...
After 20 years of exploration and permitting, the Donlin Gold project is on the downhill side of gaining the permits needed to develop a mine at the 39-million-ounce gold deposit in the Yukon-Kuskokwim region of Southwest Alaska. On Nov. 25, the U.S. Army Corp. of Engineers released a draft Environmental Impact Statement for what will likely be among the largest gold-producing mines on the planet. The Donlin Gold Mine being considered in the draft EIS includes a...
Barrick Gold Corp. and Novagold Resources Inc. Nov. 30 reported that the Donlin Gold Draft Environmental Impact Statement has been published by the U. S. Army Corps of Engineers, a significant permitting milestone for the 39-million-ounce Donlin Gold project located in the Kuskokwim region of Southwest Alaska. Leaders of Calista Corp., the Alaska Native regional corporation that owns the mineral rights at Donlin Gold, and Kuskokwim Corp., the village corporation that owns the...
Kaminak Gold Corp. Nov. 16 reported the appointment of Richard Williams to its board of directors. Williams, who has more than 30 years of global mining experience, currently serves as Novagold Resources Inc.'s vice-president, engineering and development, where he is responsible for all aspects related to the engineering and technical advancement of the Donlin Gold project in Alaska and Galore Creek project in British Columbia. Prior to joining Novagold, Williams held...
NG: TSX / NG: NYSE-MKT Chairman: Thomas Kaplan President and CEO: Gregory Lang Executive Vice President: David Deisley Supporting the permitting process for the Donlin Gold project in Alaska continued to be the primary focus of Novagold Resources Inc. in 2015. The U.S. Army Corps of Engineers, the lead agency for the Donlin Gold Environmental Impact Statement, plans to issue a draft EIS for public comment toward year's end 2015 and the final EIS is expected to be completed by early 2017. This puts Donlin Gold LLC - an...
Novagold Resources Inc. Oct. 6 reported that the U.S. Army Corps of Engineers plans to publish the Donlin Gold draft Environmental Impacts Statement for public comment near year's end. Donlin Gold LLC, the operating company equally owned by subsidiaries of Novagold and Barrick Gold Corp., advanced a number of other major permit applications, including working toward finalizing an air quality permit; completing approaches to water management, treatment, and discharge to facilit...
The 40-million-ounce Donlin Gold project is more than midway through a roughly five-year permitting process, but gold prices are dipping to lows not seen in nearly five and a half years and trending downward. Will project owners Barrick Gold Corp. and Novagold Resources Inc. be willing to pull the trigger on development once the hard-earned permits are in hand? The Donlin Gold partners say it depends on where gold prices are headed and what the equity costs are for raising...
Over the past month Alaska's mining industry has suffered a perfect storm of manmade and natural issues that read like something from a pulp fiction novel. On the man-made side of the ledger, gold, silver, copper, and lead prices have all hit 5-year lows and zinc prices continue to slide lower. Mining equity markets are still in severe decline, making it extremely challenging for junior exploration companies to raise the risk capital necessary to explore their Alaska...
Novagold Resources Inc. July 8 reported that the permitting process for its 50-percent-owned Donlin Gold project continues to move ahead with the U.S. Army Corps of Engineers planning to issue the draft Environmental Impact Statement for public comment towards the end of 2015. "Reminiscent of 'The Tortoise and the Hare'," Donlin Gold continues to advance at a steady pace, as originally envisioned. In less than two-year's time, subject to market conditions, the co-owners will...
