The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 576 - 600 of 922
7 marks the 25-year anniversary of the Red Dog Mine in Northwest Alaska being among the largest producers of zinc on the planet. For the more than 13,600 Inupiat who are shareholders of NANA Regional Corporation, owners of the land where Red Dog is found, this world-class mine's success is measured by more than the amount of zinc shipped to world markets every summer. "It has been a revolutionary thing for our region economically and demonstrates the kind of development...
Coeur Mining Inc. Nov. 2 reported that it produced 3.8 million ounces of silver and 85,769 ounces of gold, or 9 million silver-equivalent ounces during the third quarter 2015. For the quarter, Coeur's revenue was US$162.6 million; adjusted earnings before interest, taxes, depreciation, and amortization was US$31.4 million; adjusted net loss was US16 cents per share; and cash flow from operating activities was US$36.2 million. The company sold 9.5 million silver-equivalent...
Mineral and coal exploration spending in British Columbia has dropped nearly 30 percent a year since reaching a pinnacle of C$680 million in 2012, mirroring the downward trend seen during the same period in global exploration expenditures. Mineral-rich B. C., however, is preparing to take advantage of the next upswing in metals markets. In June, British Columbia Energy and Mines Minister Bill Bennett said the province will provide Geoscience BC with C$5 million in additional...
KGC: NYSE/K.TO: TSX Chairman: John Oliver Chief Executive Officer: Paul Rollison Chief Operating Officer: Warwick Morley-Jepson Kinross Gold Corp. continues to carry out robust exploration at and around its Fort Knox gold mine in Interior Alaska, while quietly investigating other prospects around the state. When Kinross began mining at Fort Knox in 1996, the deposit had 4.1 million ounces of proven and probable gold reserves; going into 2015, the mine boasts 2.4 million ounces of gold contained in 263.8 million metric tons of...
RGC: TSX.V Executive Chairman: Jacques Vaillancourt Interim President and CEO: Ken Booth VP, Exploration: Jesse Grady Redstar Gold Corp. got an early start on exploration at its Unga gold project in Southwest Alaska. Located on an island just off the Alaska Peninsula, Redstar's Unga property blankets two parallel trends of high-grade epithermal gold veins that each extend for more than 4.5 miles across the southeast corner of Unga Island. An initial phase of exploration that began in April included an eight-hole drill...
Kiska Metals Corp. Oct. 6 provided an exploration update on its Copper Joe property in Alaska as well as its Kliyul and Chuchi properties in British Columbia. In partnership with First Quantum Minerals, Kiska recently completed a geological mapping program and a magnetotelluric geophysical survey at Copper Joe, a porphyry copper-gold-molybdenum exploration project located roughly 110 miles (175 kilometers) northwest of Anchorage. Kiska said this work has defined two compelling...
If another US$4 million investment by Royal Gold Inc. is any indication, drilling so far this season at the Tetlin gold property in Interior Alaska is a success. In January, Royal Gold and Contango Ore Inc. finalized an agreement that affords the Denver-based royalty company an opportunity to earn as much as a 40 percent joint venture interest in Contango's Tetlin project by investing up to US$30 million on the unique and promising gold properties near the crossroads town of...
Embattled federal employees conveniently losing emails that could bear witness to potentially negligent or illegal activities have become an increasingly frequent storyline. But seldom does the email's author disappear with the corrupted data. This seems to be the case with Phillip North, a former U.S. Environmental Protection Agency biologist accused of secretly colluding with private sector activists to stop the development of a mine at the Pebble copper-gold-molybdenum...
Less than three months after a pending sale of its Whistler property in Southcentral Alaska fell through, Kiska Metals Corp. has found a new buyer for the advanced-stage copper-gold exploration project. Under a binding agreement announced last week, Brazil Resources Inc. will issue Kiska 3.5 million shares in exchange for full ownership of Whistler, including the mining claims and other assets belonging to the project. Brazil Resources' shares were trading at C46 cents per...
Redstar Gold Corp. July 2 reported that four step-out holes drilled at the Shumagin prospect of its Unga gold project in Southwest Alaska continues to cut high-grade gold in the Shumagin vein as well as tapping a second older system in the footwall. Highlights from the step-out drilling included 5.0 meters grading 9.35 grams per metric ton gold and 27.6 g/t silver, including 1.0 meters of 41.2 g/t gold and 130.0 g/t silver in hole 15SH018. This high-grade intercept was...
Northern Empire Resources Corp. and Sonoro Metals Corp. June 15 said they have completed the first phase of field work at the Hilltop Gold project located some 45 miles southeast of Fairbanks. The phase-1 program, which began in May, included 8.2 miles (13.2 kilometers) of road improvements to provide access to priority zones; eight trenches excavated and mapped over a total strike extent of 213 meters; six test pits completed in areas with prospective geology; 228 rock sample...
Did the U. S. Environmental Protection Agency secretly collaborate with environmental activists to contrive and execute a plan to roadblock the enormous Pebble copper-gold-molybdenum project? This is the question that U. S. District Court Judge H. Russel Holland in Anchorage is trying to answer after hearing May 29 arguments from both sides. The Pebble Limited Partnership alleges that EPA worked behind the scenes with lawyers, scientists, non-governmental agencies and other an...
The United States is richly endowed with a broad range of metals and minerals critical to national security, green energy and modern technology but is often overly-reliant on foreign sources for these same commodities. This was the resounding message from miners, manufacturers, regulators and analysts who testified on U.S. Senate Bill 883, "The American Mineral Security Act of 2015." Introduced by Sen. Lisa Murkowski, R-Alaska, S.883 aims to reduce the United States' heavy...
Having established that the Graphite Creek deposit in western Alaska is so massive that a mine could ship out 50,000 metric tons of graphite per year for centuries, Graphite One is now narrowing its focus to study the graphitic carbon found on the property. This new emphasis is on upgrading a segment of the enormous resource already identified to a category in which mining economics can be considered and analyzing the graphite to ascertain whether it fits the needs of...
Coeur Mining Inc. April 14 released a new high-grade mine plan for its Kensington gold mine in Southeast Alaska that forecasts higher gold production at lower costs. From 2015 through 2020, the Kensington Mine is anticipated to average 128,000 ounces of gold at average costs applicable to sales of US$820 per ounce. Production in 2014 was 117,823 ounces of gold at costs of US$951 per ounce. This new plan reflects the recent discovery of the Jualin zone and indicates higher...
It has been nearly four years since any significant exploration has been carried out at the Whistler property, but a preliminary deal for Kiska Metals Corp. to sell it could mean a renewed focus on this copper-gold project in Southcentral Alaska. Under a non-binding agreement reached April 9, Alternative Earth Resources Inc. would acquire full ownership of Whistler in exchange for issuing Kiska 24.5 million of its shares, which would represent half of the company's shares upon...
Northern Empire Resources Corp. has laid claim to Richardson, a 52,000-acre gold property in Alaska's Interior and has formed an alliance to begin exploring a segment of this vast parcel. Northern Empire is a prospect generator with early-stage gold properties in Alaska and Nunavut and a silver property in Mexico. The company was formed as part of a restructuring of Prosperity Goldfields Corp., a Nunavut-focused exploration company headed by Adrian Fleming. As part of a re-org...
Primarily associated with cans, cups and roofs, tin is not the flashiest metal on the market. Despite its lowly ranking, even among base metals, this lackluster commodity fetches around US$8.00 per pound - substantially more than copper, zinc, lead, or even nickel - and Alaska has plenty of it. Strongbow Exploration Inc., a company primarily focused on exploring for nickel in Northwest Territories, is working on a deal that would allow it to acquire two Alaska tin properties...
For some time I have been musing about the global warming/climate change conundrum because, as is often the case, the proselytizers are so strident in their conviction. To question their rhetoric is tantamount to heresy. Unfortunately, there are more than a few problems in my mind with the thesis. In the first instance, it must be conceded, I think, that there have been ice ages on Earth for eons, and they have been interrupted by sequential warming trends. Within the most...
Amid the volatile metals markets that have become the norm in the past year, miners, developers, explorers, prospectors and investors met in Vancouver at the end of January for the annual Cordilleran Roundup mining convention. The mood was decidely positive, and having seen a lot of "whistling in the cemetary" at this convention in the past, I know the difference between false bravado and contagious optimism. Perhaps it was the stabilization of copper prices after a nine month...
Thanks to higher grades and improved recoveries, Greens Creek and Kensington, the two producing mines located in the Alaska Panhandle, reported strong output in 2014 and outstanding results for the fourth quarter. Record output at Greens Creek At Greens Creek which is owned and operated by Idaho-based Hecla Mining Co., about 360 full-time workers carved some 7.83 million ounces of silver and 58,753 oz gold, as well as lead and zinc concentrates from the volcanogenic massive sulphide mine in 2014, milling ore at an average rat...
The Alaska Division of Geological & Geophysical Surveys Jan. 2 published data from a 2014 Tonsina electromagnetic and magnetic geophysical survey, which will better define the extent and location of platinum group element-bearing ultramafic rocks in areas lacking outcrop, increase structural knowledge of the area, and improve geologic mapping. The survey covers about 690 square kilometers (266 square miles) of the Valdez Quadrangle with high-quality, 400-meter-line-spacing...
Royal Gold and Contango Ore have forged an alliance that promises to invest as much as US$30 million in furthering the exploration and potential development of the Tetlin gold properties situated along the Alaska Highway near the crossroads community of Tok in eastern Alaska. Contango Ore shareholders ratified a joint venture agreement Jan. 8 that the Denver-based gold royalty firm and Houston-domiciled mineral exploration company struck tentatively on the project in...
It's official! The Alaska Geologic Materials Center (GMC) is set to make the long-awaited move to its new, larger Anchorage quarters on April 6, weather permitting. The center, a unit of the Alaska Division of Geological & Geophysical Surveys within the state Department of Natural Resources, is the repository for geologic materials collected from across Alaska, and then catalogued, stored and studied. Visitors to the center, primarily representative of companies, state and federal agencies, and academia, examine hardrock...
As the year winds down, financial information has begun to trickle in quantifying just how tough 2014 was on the mining industry. Industry analyst SNL Metals & Mining announced that the total estimated global budget for nonferrous metals exploration dropped another 25 percent in 2014, to US$11.36 billion, from US$15.19 billion in 2013. Perhaps even more arresting is the precipitous fall in just the past two years from an all-time high of US$21.5 billion in nonferrous metal exp...
