The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 186
With an earlier than expected feasibility study on its way for Manh Choh, drilling started at Lucky Shot, and the addition of geologist Curt Freeman to its board of directors, Contango ORE Inc. has a lot to look forward to as 2022 progresses. Freeman's addition to the Contango ORE board coincides with the departure of Joseph Greenberg, an oil and gas executive that has been a director of CORE since it was spun out of Texas-based Contango Oil and into a public company in 2010....
Kinross Gold Corp. May 10 reported that its Fort Knox Mine in Alaska produced 54,803 ounces of gold during the first quarter of 2022, which is nearly a 26% drop from the 73,830 oz produced during the previous quarter but only a 2% drop from the 55,815 oz produced during the first quarter of 2021. A drop in gold production during the first quarter at Fort Knox is an annual event that results from the often-subzero temperatures during the coldest winter days affecting gold recov...
Contango ORE Inc. April 9 announced that it has entered into a binding agreement to raise US$20 million through the issuance of debenture, an unsecured loan that can be converted into shares, to fund its commitments at the Manh Choh gold project in eastern Alaska and for exploration and development on its Lucky Shot gold mine properties in the Southcentral region of the state. "With strong fundamentals in the gold market, management is excited to advance our portfolio of...
Alaska Department of Transportation & Public Facilities March 25 announced that it will perform an independent analysis of the route between the proposed Manh Choh gold mine near the community of Tetlin and Kinross Alaska's mill at the Fort Knox mine north of Fairbanks, Alaska. Peak Gold JV – a partnership between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%) – plans to truck high-grade ore mined at Manh Choh to the Fort Knox mill for processing. Utilizing the pro...
With inflation pushing costs higher and billions of dollars of COVID relief and infrastructure spending flowing into Alaska from Washington D.C., creating a competitive market for construction contractors, the Peak Gold Joint Venture has decided to cut back on the preliminary development that was originally planned for its Manh Choh gold mine project near the communities of Tetlin and Tok in eastern Alaska. Peak Gold JV – a partnership between Kinross Gold Corp. (70%) and C...
With the Gil-Sourdough satellite deposit now delivering ore to the mill, the upward trend of gold production at Kinross Gold Corp.'s Fort Knox Mine in Alaska continues into 2022. During the fourth quarter of 2021, Fort Knox produced 73,830 ounces of gold, roughly a 3% increase over the 71,482 oz produced during the third quarter and about a 28% jump over the 57,523 oz produced during the same period of 2020. With gold production steadily trending higher as the year...
Roughly a 90-minute drive from Anchorage, it can be easy to miss Willow as one makes their way northbound. The view of Denali on the horizon, perhaps a visit to the Princess Lodge or a journey to Fairbanks. Even many lifelong residents may miss it for the more scenic destinations such as Talkeetna, yet the short blip that is Willow used to mean a lot more than buying fireworks. From 201 residents at the start of the new millennia to 190 in 2020, not much has changed in the...
While copper has the potential to be a major contributor to Alaska's economic future, this "new oil" of the low-carbon economy will be hard-pressed to beat out the old money being produced at current and coming gold mines across the Last Frontier. This is due in large part to Kinross Gold Corp.'s new "Kinross Alaska" strategy that is leveraging the underutilized 14-million-metric-ton-per-year mill and storage capacity at Fort Knox to process higher-grade ore mined from...
Capping off a successful year of mine predevelopment activities at its 30%-owned Manh Choh gold mine project in Interior Alaska and acquisition of the historic high-grade Lucky Shot gold mine project in Southcentral Alaska by up-listing its share to the New York Stock exchange, Contango ORE Inc. is well-positioned for 2022 success. "2021 represented another year of COVID, but despite the difficulties of working in a continued pandemic environment, the company achieved its...
Kinross Gold Corp.'s strategy to leverage the underutilized 14-million-metric-ton-per-year mill and enormous tailings storage capacity at its Fort Knox gold mine to process higher-grade ore from projects within a roughly 300-mile radius of the Interior Alaska operation is a gamechanger for smaller high-grade gold projects and how the global mining company approaches exploration in the state. Prior to the Kinross Alaska strategy, Fort Knox mill production was winding down....
President and CEO Rick Van Nieuwenhuyse has positioned Contango ORE Inc. to be the next gold producing company in Alaska and has added projects that deepen the pipeline for this unique exploration and development company. CORE's primary asset is Manh Choh, a 675,000-acre land package leased from the Tetlin Alaska Native Tribe that hosts two adjacent, high-grade gold-silver deposits the company advanced from discovery to a project slated to be Alaska's next large gold mine....
Goldman Sachs' declaration that "copper is the new oil" may serve as a foreshadowing of Alaska's economic future, one that is not so heavily reliant on the revenues from petroleum flowing from the North Slope and leans more heavily on the state's rich endowment of precious, critical, and base metals. The investment bank's suggestion that copper is to become the strategically most important commodity on Earth is due to the vital role the conductive metal plays in global...
Valhalla Metals Inc., a privately held junior mining company focused on the exploration of the Sun and Smucker properties in Alaska's Ambler Mining District, may soon have easier access to funding through a merger with SolidusGold Inc., a company listed on the TSX Venture Exchange. Under a tentative agreement announced on Nov. 29, Solidus would acquire Valhalla through an exchange of shares that would result in current Valhalla shareholders owning 80% of the resulting company...
Kinross Gold Corp. Nov. 10 reported the new Barnes Creek heap leach pad and higher-grade ore being fed into the mill is contributing to a continuing trend of increasing gold production at its Fort Knox gold mine about 25 miles north of Fairbanks, Alaska. During the third quarter of 2021, Fort Knox produced 71,482 ounces of gold, which is nearly a 13% increase over the 63,302 oz produced during the second quarter and about a 28% jump over the 55,815 oz produced during the...
GIL-SOURDOUGH – With a Sept. 23 blast of explosives that fractured rock in preparation for the start of mining at Gil-Sourdough, Kinross Gold Corp. has raised the bar for mine openings with a literal groundbreaking ceremony at what is now the sixth large-scale metal mine in Alaska. "I hope this is just the beginning and there are a lot more plays like this and we have a future, not just here at Fort Knox but across the great state of Alaska," Alaska Gov. Mike Dunleavy said t...
Contango ORE Inc. Aug. 25 announced that it has acquired full ownership of the historic Lucky Shot gold mine project in the Willow Mining District of Southcentral Alaska. A road-accessible project about 75 miles north of Anchorage, the 8,590-acre Lucky Shot property blankets a large portion of the Willow Creek Mining District, including the pre-World War II Lucky Shot and War Baby mines. It is estimated that from 1918 until being shut down by the federal War Production Board i...
The envisioned green future where every North American is driving a battery-powered electric vehicle charged with renewable energy could be undermined by cobalt, a somewhat scarce and controversial metal that makes lithium-ion batteries better. "Cobalt is considered the highest material supply chain risk for electric vehicles in the short and medium term," the U.S. Department of Energy penned in an April report. This risk has automakers, lithium-ion battery manufacturers, and...
Kinross Gold Corp. July 29 reported the new Barnes Creek heap leach pad is contributing to increased gold production at its Fort Knox gold mine about 25 miles north of Fairbanks, Alaska. During the second quarter of 2021, Fort Knox produced 63,302 ounces of gold, which is a more than 13% percent increase over the 55,815 oz produced during the first quarter and roughly 13% higher than the 56,031 oz of gold produced at the Interior Alaska mine during the second quarter of 2020....
Contango ORE Inc. June 21 announced that it has raised US$10.9 million to fund its share of exploration and development of Manh Choh, a 1.2-million-ounce gold mine project in eastern Alaska being explored and developed in partnership with Kinross Gold Corp., as well as exploration on three other gold properties wholly owned by CORE. The financing involved the issuance of 523,809 CORE shares at US$21 each. Alaska Future Fund, an Alaska investment program launched in 2019 by...
With a strong gold production at Fort Knox, the start of development at the Gil-Sourdough satellite pits, and the programs aimed at Manh Choh into production by 2024, Kinross Gold Corp. got off to a busy start to 2021 in Alaska. During the first three months of 2021, the company's Fort Knox Mine north of Fairbanks produced 55,815 ounces of gold, which is slightly less than the 57,523 oz produced during the previous quarter but roughly 8% higher than the 51,667 oz of gold...
Contango ORE Inc. April 29 announced it has staked 52,920 acres of state of Alaska mining claims covering a significant portion of the Richardson Mining District. This property, known as Shamrock, lies alongside the Alaska Highway about 70 miles southeast of Fairbanks, Alaska. In addition to excellent access via gravel roads and trails connecting to the paved highway, Shamrock boasts a high-voltage power line that runs along the southern property boundary. Since the discovery...
Alaska, Northern British Columbia, and the Yukon are home to a dozen advanced stage exploration and mine projects hosting billions of pounds of copper ready to deliver to a world demanding massive amounts of this conductive metal for the green energy and electric mobility transition envisioned over the next three decades. In its report, "Copper is the new oil," Goldman Sachs forecasts that the electrification of transportation and decarbonization of electrical generation...
Kinross Gold Corp. has found another source of higher-grade ore to feed the mill at Fort Knox, this time within the bounds of the company's own property about 20 miles north of Fairbanks, Alaska. On April 9, the company announced that it has officially decided to develop Gil-Sourdough, a satellite gold deposit about eight miles east of the Kinross Alaska mill. Gil-Sourdough is not a new discovery for Kinross, the company has been involved in its exploration for decades and...
Kinross Gold Corp. March 14 announced that the Peak Gold project in eastern Alaska has been renamed Manh Choh, which means Big Lake in the Upper Tanana Athabascan language. This name, chosen by Village of Tetlin Chief Michael Sam and the tribal council, refers to the 7.5- by 4.5-mile Tetlin Lake, a site of high cultural significance in the Tetlin community. Kinross says this mutual agreement on the name is symbolic of the mining company's approach in developing the high-grade...
Strong metal prices and an infusion of cash from notable resource investors helped to salvage much of a 2020 mineral exploration season in Alaska that became lethargic with disruptions, delays, and shelving of field programs infected by the COVID-19 pandemic early in the year. At its onset, 2020 was looking like it would be the best year for Alaska's mining sector in a decade. Australia-based mining companies were slated to invest nearly US$100 million in mineral exploration...
