The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Third batch of ore processed elevates company's 2024 total to $40.5 million for 42,000 oz of gold from Alaska mine. Contango Ore Inc. Dec. 19 received a cash payment of $9 million for the profits from its 30% share of the gold and silver recovered during the processing of the third batch of ore from Manh Choh Mine. Under the Peak Gold Joint Venture between Kinross (70%) and Contango (30%), high-grade ore mined at Manh Choh Mine is trucked roughly 240 miles to be processed...
President-elect vows to maximize Alaska's mining potential; an aligned Congress swings political pendulum in industry's favor. With an incoming president that favors "reshoring" over "friendshoring" the nation's critical mineral supply chains and a Congress positioned to pass permitting reform and other mining-related legislation that has stalled in one chamber or the other for more than a decade, America's mining sector is poised for growth following the outcome of the Nov....
Chena Flood Plain Bridge weight restrictions and heavier ore expected to lower 2025 gold production to around 200,000 oz. Contango Ore Inc. Nov. 29 reported that new weight restriction placed on the Chena Flood Plain Bridge is expected to impact the quantities of ore transported from the Manh Choh gold mine near Tok, Alaska, to Kinross Gold Corp.'s Fort Knox Mine north of Fairbanks for processing. Under a joint venture partnership forged between Kinross (70%) and Contango...
One hole cut 223.5 meters of 11.5 g/t gold-eq at newest addition to company's DSO portfolio. Contango Ore Inc. Nov. 21 said the results from its inaugural drill program at Johnson Tract highlights the exceptional continuity of high-grade polymetallic gold mineralization within the JT Deposit on the company's newly acquired project about 125 miles southwest of Anchorage, Alaska. "The infill drilling serves as a reminder of the exceptional grade, continuity, and width of the JT...
High-grade ore from Manh Choh elevates gold output at Interior Alaska mine above 149,000 oz during Q3. Kinross Gold Corp. Nov. 6 reported that its Fort Knox Mine in Alaska produced 149,093 ounces of gold during the third quarter of 2024, which is more than double the 69,914 oz produced during the previous three-month period and the 71,611 oz produced during the third quarter of 2024. This significant jump in production at the iconic mine about 20 miles north of Fairbanks,...
Alaska's critical minerals potential to take center stage at AMA convention; antimony and graphite expected to be hot topics. Rising geopolitical tensions around the globe, China's increasing use of critical minerals as a trade war weapon, and the International Energy Agency's forecast that an additional $800 billion needs to be invested into the mining of energy transition metals by 2040 in order to meet global climate ambitions, have political and military leaders looking...
Second campaign expected to generate another 10,000 oz of gold for Contango Ore, which will fund other direct shipping ore mines in Alaska. After receiving roughly $32 million of gold and silver in August from the first direct shipping ore processed under its hybrid royalty model, Contango Ore Inc. reports that Kinross Gold Corp. is processing the second batch of high-grade ore from Manh Choh through the mill at its Fort Knox Mine north of Fairbanks, Alaska. "It is great to...
Contango ORE receives $32.2 million of gold and silver from the first direct shipping ore processed under its hybrid royalty model. Since the July 8 pouring of the first bar of gold, the Kinross Alaska mill recovered approximately 55,000 ounces of gold and 11,000 oz of silver from ore shipped from Manh Choh, a mine being operated under the Peak joint venture between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%). For Contango, this marks the first revenue generated...
Contango ORE buys the Golden Zone and Amanita exploration projects held by Avidian Gold Alaska. Avidian Gold Corp. Aug. 7 announced that it has finalized the sale of its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for $2.4 million (C$3.3 million), plus a potential future payment of $1 million (C$1.4 million) if Contango decides to develop a mine at the mineral exploration projects that came with the sale. With the purchase, Contango ORE gains ownership...
Manh Choh underscores the potential of Contango's Hybrid Royalty Model to unlock the value of orphaned high-grade mineral deposits. The pouring of the first bar of gold from the Manh Choh Mine was a momentous occasion for Contango ORE Inc., Kinross Gold Corp., Tetlin Village, and others involved in the development of Alaska's newest gold mine. Two unique business models that led to the early July gold pour, however, could be more valuable than the 600 ounces of gold in the...
Marks the first drill program since Contango's acquisition of HighGold Mining. Contango ORE Inc. July 30 announced the start of a roughly 3,000-meter drill program at its newly acquired Johnson Tract gold project in Southcentral Alaska. Johnson Tract is a 20,942-acre polymetallic gold exploration project about 125 miles southwest of Anchorage owned by Cook Inlet Region Inc., an Alaska Native regional corporation more commonly known as CIRI. Contango ORE added the project to...
Unique mining company adds new high-quality Alaska asset to portfolio just two days after its transition to gold producer. Contango ORE Inc. July 10 announced the completion of its acquisition of HighGold Mining Inc., a junior mineral exploration company that comes with the 1-million-ounce Johnson Tract gold project in Southcentral Alaska. "(W)e believe the combination of HighGold and Contango makes a tremendous amount of strategic sense," Contango ORE President and CEO Rick...
Kinross and Contango celebrate the pouring of first bar from gold project that boosts Fort Knox production, elevates junior to producer status. FORT KNOX MINE, ALASKA (July 8, 2024) – On a momentous occasion for both companies, Kinross Gold Corp. and Contango ORE Inc. celebrated the pouring of the first gold bar from the Manh Choh project in Alaska. Being operated under a joint venture between Kinross (70%) and Contango (30%), Manh Choh is a high-grade gold project on lands o...
HighGold shareholders overwhelmingly vote in favor of joining Alaska's next gold-producing company. In an embrace of Contango ORE Inc.'s unique vision of transforming high-quality projects into Alaska's next gold mines, HighGold Mining Inc. shareholders nearly unanimously approved a deal to merge with the Alaska-based gold company. During a special meeting held on June 27, 93.7% of HighGold shareholders approved the proposed merger with Contango. "We are very pleased to have t...
Agrees to sell Golden Zone, Amanita projects for up to $3.4 million in cash and Contango Ore shares. Avidian Gold Corp. May 2 announced that it has entered into a binding agreement to sell its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for US$2.4 million (C$3.3 million), plus a potential future payment of US$1 million (C$1.4 million) if Contango takes either of Avidian's Alaska assets to a production decision. "This transaction is a win-win,...
Buyout will bring Johnson Tract into Contango Ore's pipeline of high-quality Alaska gold mine projects. In a deal that brings three high-quality Alaska gold projects into a single portfolio, Contango ORE Inc. has entered into a definitive agreement to acquire HighGold Mining Inc. in an all-shares deal valued at roughly $37 million (C$55 million). "The combination of HighGold and Contango makes a tremendous amount of strategic sense for both sets of shareholders – it is a t...
Early plans for 2024 include work at new property, throughout greater project; details on effects from possible merger by HighGold and Contango ORE. Onyx Gold Corp. May 9 announced that it has entered into an option agreement to acquire the WEAS property from Senoa Gold Corp.; claims contiguous with the company's King Tut project in Yukon's Tombstone Gold Belt. Spun out last year from properties previously held by HighGold Mining Inc., Onyx Gold holds 100% interest in four...
As trucks deliver Manh Choh ore, Kinross invests in near-pit resource growth, workforce growth in AK. Kinross Gold Corp. Feb. 17 reported that its Fort Knox Mine in Alaska produced 290,651 ounces of gold during 2023. While this is on par with the 291,248 oz produced in 2022, the company expects gold output from the Kinross Alaska mill at Fort Knox to rise sharply with the introduction of much higher-grade ore from the Manh Choh mine later this year. The nearly 300,000 oz of...
Zinc contributed most to state's mine production value during 2023; gold is poised to take the crown and make run toward 1 million ounces per year. At a value of $1.5 billion, zinc held onto its throne as the most valuable metal produced in Alaska during 2023. With production forecasts and price trends headed in opposite directions for zinc and gold, however, the gleaming precious metal that drew fortune-seekers North at the turn of the 20th century could soon regain the...
Curt's rock hammer, pen, wit, and charm have all contributed to Alaska mining sector success ! It is no surprise that longtime Alaska geologist Curt Freeman would at some point be presented the Charles C. (Chuck) Hawley Lifetime Achievement Award, an Alaska Miners Association honor reserved for those who devoted their professional life to ensuring a successful mining industry in Alaska. After all, Alaska's mining and mineral exploration landscape would only be a shadow of...
Less ore through the mill and lower grades impact production; Manh Choh remains on track for Q3. Kinross Gold Corp. May 7 reported that its Fort Knox Mine in Alaska produced 53,350 ounces of gold during the first quarter of 2024, which is a 37% drop from the 84,215 oz produced during the previous three-month period and 18% lower than the 65,387 oz produced during the first quarter of 2023. Due to the effects of cold weather on recoveries from the heap leach pad, a drop in...
With Donlin Gold reentering the feasibility study stage, Ambler Metals waiting on the reevaluation of the permit needed for a road to the Ambler Mining District, and an overall lack of investment capital, mineral exploration spending in Alaska dropped during 2023. While the overall sector was down, there continued to be some bright spots – most notably, a growing interest in Alaska's critical minerals potential. In July, the U.S. Department of Defense awarded Graphite One I...
From breaking ground at Alaska's next gold mine to the advancement of North of 60 projects focused on delivering the metals needed for the transition of low-carbon energy, and an impressive safety milestone at Alaska's only coal mine to a history of the helicopters that make mineral exploration across the North possible, here is a countdown of the 10 most popular North of 60 Mining News articles in 2023: No. 10 - CORE celebrates Manh Choh, Lucky Shot Contango Ore Inc., a...
The first high-grade gold ore from the Manh Choh Mine in Alaska fed into the Kinross Alaska mill at the Fort Knox Mine near Fairbanks is elevating Contango Ore Inc. from a unique Alaska focused mineral exploration company to the newest gold producer in the state. "We are indeed excited to report that mining operations have commenced at Manh Choh and that the construction phase has been achieved on budget and on schedule," Contango ORE President and CEO Rick Van Nieuwenhuyse...
With an August groundbreaking ceremony celebrating the start of Mining at Manh Choh, Kinross Gold Corp. fully entered into a new era of mining in Alaska that is expected to push Fort Knox gold production up into the 400,000-ounce-per-year echelon, a significant jump over the 291,248 oz recovered at the mine in 2022. This next phase of mining in the 49th State is being built upon the "Kinross Alaska" strategy; an initiative launched in 2020 to enhance gold production at Fort...
