The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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In the famous words of Sherlock Holmes, the game is afoot! After seasonally slower news from Alaska's mining industry in March and April, the dam has broken with over two dozen Alaska mining project news releases issued in the last month. Including those projects moving forward that have not released their 2019 plans, Alaska has become a very busy place under the sun. All of our major metal mines reported strong performances in the first quarter, several of Alaska's most... Full story
U.S. Sen. Lisa Murkowski (R-Alaska) and Joe Manchin (D-West Virginia) have teamed up to introduce bipartisan legislation aimed at addressing America's "Achilles' heel" – a heavy dependence on foreign countries for its growing mineral needs. "Our nation's mineral security is a significant, urgent, and often ignored challenge. Our reliance on China and other nations for critical minerals costs us jobs, weakens our economic competitiveness, and leaves us at a geopolitical d...
Decade Resources Ltd. May 2 announced results from sampling completed at its recently acquired Crest gold property near the town of Hyder in Southeast Alaska. Lying just across the border from British Columbia's Golden Triangle region, the Crest property is adjacent to Ascot Resources' Premier gold-silver mine property on the Canadian side of the border. Due to the lack of snow at lower elevations in the Stewart-Hyder area in December, Decade was able to carry out preliminary...
As is usually the case this time of year, news about Alaska mineral activities is a bit sparse this month as planning activities are at flank speed ahead of next month's surge in field activities. That said, there has been a blizzard of mineral industry data released recently that has both direct and indirect applications to the Alaska mineral industry. First off, some internally generated data. Current public and private budget announcements suggest Alaska's exploration... Full story
In less than a decade, Northern Star Resources Ltd. has built a multi-billion-dollar mining company by breathing new life into aging underground gold mines in Australia. Now, the Perth-based company is applying the same strategy that has proven so successful at home to its newly acquired Pogo gold mine in Interior Alaska. Shaun McLoughney, Northern Star's general manager at Pogo, however, cautions that the changes necessary to the long-term success of the underground gold...
Seeking economic and cultural prosperity for its more than 22,000 Tlingit, Haida and Tsimshian shareholders while also looking to provide even greater benefits for future generations, Sealaska takes a balanced approach to developing the resources growing above and stored beneath its lands in Southeast Alaska. This does not mean the Southeast Alaska Native Claims Settlement Act (ANCSA) corporation shuns mining or other resource development in its region, a nearly 600-mile... Full story
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... Full story
The Red Dog Mine has been a gamechanger for the more than 14,000 Iñupiat shareholders of NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation that owns the world-class Red Dog deposits in Northwest Alaska that are the source of around 5 percent of the world's new zinc supply each year. The revenues from shipping out more than 1 billion pounds of zinc annually, along with healthy portions of lead, silver and minor amounts of germanium, has served... Full story
Pebble Limited Partnership has taken another step toward gaining the permits needed to develop a mine at its large copper-gold-molybdenum project in Southwest Alaska. On Feb. 20, the U.S. Army Corps of Engineers – Alaska District announced that it has published the draft environmental impact statement for a proposed 20-year mine at this world-class deposit that could help fill the United States' increasing need for copper, a demand that is being driven by the expanding e...
When Agnico Eagle Mines Ltd. established a foothold in Nunavut roughly a decade ago, the gold mining company saw the northern Canadian Territory as a politically attractive and stable jurisdiction with enormous geological potential. Today, this vision is being realized. "We see tremendous potential there and this is an inflection point and a turning point in the future of Agnico as we are opening up a brand-new area where we see tremendous exploration potential, combined with...
Kinross Gold Corp. Feb. 13 reported a nearly 33 percent drop in gold produced at its Fort Knox Mine in Alaska during 2018, when compared to the previous year. This operation about 25 miles north of Fairbanks produced 255,569 ounces of gold last year, a 132,546 oz drop from the 381,115 oz produced in 2017. Kinross said this lower gold output is primarily attributed to a minor pit wall slide that occurred in March, which restricted access to higher-grade ore. This problem was...
He who controls battery metals and the evolving energy storage technology controls the world of industrial power in the 21st century auto and energy storage industries. This is the message Benchmark Mineral Intelligence Managing Director Simon Moores delivered to the U.S. Senate Energy and Natural Resources Committee. Moores, a global authority on lithium-ion batteries and the metals that go into them, was invited to testify by Senate Energy and Natural Resources Chair Lisa...
Victoria Gold Corp. is well on its way to reaching its ultimate goal, pouring the first bar of gold at its Eagle Mine project this year. Located in the heart of the Yukon, about 85 kilometers (53 miles) north of the community of Mayo, Victoria's Eagle Gold Mine is expected to produce 200,000 ounces of gold annually over a 10-year mine life. Victoria broke ground on pre-development activities at Eagle in 2017 and ramped up development of the open-pit, heap-leach pad and...
U.S. Sen. Lisa Murkowski, R-Alaska, called on Congress to pass legislation that will curb the United States' increasing dependence on foreign countries for its growing mineral needs. In its Mineral Commodity Summaries 2018, the U.S. Geological Survey identified 50 minerals for which the U.S. was reliant on other countries for at least 50 percent of its supply, including 21 for which America is 100 percent import reliant. Many of these are on the USGS list of 35 minerals and...
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... Full story
Decade Resources Ltd. Nov. 6 announced it has staked 19 claims covering the Crest high-grade gold prospect near the town of Hyder in Southeast Alaska. Situated just across the border from British Columbia's Golden Triangle region, these claims are adjacent to Ascot Resources' Premier gold-silver mine property on the Canadian side of the border. Decade's newly staked claims cover the historic Crest property that is described in a 1929 United States Geological Survey bulletin,...
It's clear by now that famed prospector Shawn Ryan has the Midas Touch when it comes to making significant mineral discoveries in the White Gold District of west-central Yukon Territory. During the past few weeks, junior mining company White Gold Corp. – which Ryan guides as chief technical advisor – reported not one, not two, but at least three significant gold discoveries in the region. White Gold's C$9 million, 14,500-meter exploration program for 2018 targeted expansion of...
U.S. President Donald Trump sparked a renewed interest in critical minerals and metals when he issued an executive order calling on federal agencies to devise a strategy to ensure the United States has reliable supplies of these commodities vital to America's economic and strategic security. "It shall be the policy of the federal government to reduce the nation's vulnerability to disruptions in the supply of critical minerals, which constitutes a strategic vulnerability for... Full story
At least 125 million electric vehicles are expected to be traveling global highways by 2030, which means the world is going to need a lot more graphite in the coming decade and beyond. This is because graphite serves as the anode in the lithium-ion batteries that power these EVs, not to mention the growing number of portable tools and electronics that use the same type of battery. According to Mineral Commodity Summaries 2019, an annual report published by the United States... Full story
Cobalt is a critical safety ingredient in the cathodes of lithium-ion batteries powering the ever-increasing number of electric vehicles traveling global highways and a plethora of cordless electrical devices. "Globally, the leading use is in the manufacture of cathode materials for rechargeable batteries – primarily lithium-ion, nickel-cadmium, and nickel-metal-hydride batteries – which are used in consumer electronics, electric and hybrid-electric vehicles, energy sto... Full story
Welcome to the 10th anniversary of Mining Explorers! While there have been tectonic shifts in the mineral exploration markets over the past decade, two things have remained rock solid – mining explorers continue to uncover the vast mineral resources across Alaska and Canada's North and North of 60 Mining News has been here to tell their story. With the price for an ounce of gold pushing above US$1,300 to ring in the new year – along with zinc and copper selling at mul... Full story
I don't really know how much it has cost John Sturgeon to go to the United States Supreme Court (SCOTUS) twice in order to vindicate his right to use a hovercraft to go hunting on the Nation River, nor do I really care; but it must have been scratching on the underside of a million dollars, if not a great deal more. Lots of people made individual contributions, and there has been tremendous moral support for him in his decade-long interface with the American system of... Full story
Canada is the world's top destination for mining exploration spending, attracting more than 14 percent of global budgeted expenditures from explorers seeking to tap the country's vast mineral wealth. Yet in 2017, the three huge mineral-rich territories to the north, Nunavut, Northwest Territories and Yukon Territory, lured only about C$360 million, or less than one-fifth of the roughly $2.1 billion that junior and senior mining companies invested in mineral exploration and dep... Full story
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked... Full story
It's been nearly 10 years since Sabina Gold and Silver Corp. began exploring the Back River property in western Nunavut. But the decade-long pursuit of gold in this remote stretch of the Canadian territory could pay off big for the junior as the project enters the final stages of development Back River is one of several advanced projects being propelled toward first gold in Nunavut, but its relative isolation from infrastructure and historic gold mining makes it unique among p... Full story
