The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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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...
As the largest shareholder and chairman of Novagold Resources Inc., a company that owns 50% of the 39-million-ounce Donlin Gold project in Alaska, it is natural for New York billionaire Thomas Kaplan to elucidate potential investors on his predictions of coming rises in the price for an ounce of gold. The truth, however, is the renowned entrepreneur and natural resources investor is not bullish on gold because he has skin in the game. Instead, he is a major owner of the...
Rau, an intriguing precious and base metals property at the western end of the 185-kilometer- (115 miles) long Rackla Gold property in the Yukon, will continue to be the primary focus of ATAC Resources Ltd.'s exploration efforts in 2020. Last week, the company published the results from an updated preliminary economic assessment (PEA) for Tiger, a carbonate replacement gold deposit that is the most advanced project on the 660-square kilometer (255 square miles) Rau property....
Following the pouring of the 4 millionth ounce of gold at the Pogo Mine, Northern Star Resources Ltd. Executive Chairman Bill Beament sat down with Mining News to talk about what this milestone means for the Interior Alaska gold mine; the Australia-based mining company's progress since acquiring Pogo; keys to Northern Star's success; and the vast mineral potential at Pogo and across Alaska. Q. Over the past decade, Northern Star Resources Ltd. has grown from a single-asset...
The verdict is in – the economics of developing an open-pit mine at Peak Gold look tantalizing and Royal Gold Inc. is committed to being involved with this Eastern Interior Alaska gold-silver project for the long haul. Discovered by Contango ORE Inc. in 2009, the Peak Gold project hosts two skarn deposits – Main Peak and North Peak – on an underexplored property that covers roughly 850,000 acres west and south of Tok, a crossroads town on the Alaska Highway. A preli...
There has never been anything ordinary about the Peak Gold (formerly Tetlin) project, or the companies that are exploring the high-grade gold skarn deposits found there. In a move that continues this tradition of extraordinary, Royal Gold Inc. has acquired a 13.6 percent stake in Contango ORE Inc. Neither of these companies are your prototypical mineral explorer and their involvement in the Peak Gold project continues to defy the norms for the industry and their own operating...
Scotiabank's Commodity Price Index, having lost steam in late 2013, is expected to bottom out this spring and rally in the second half of 2014 on stronger global growth, Scotiabank Vice President, Economics Patricia M. Mohr told an overflow crowd attending the 2014 Nunavut Mining Symposium in April. Mohr, a commodities market specialist at the Toronto-based international bank, again opened the 17th annual gathering, held April 7-10 in Iqaluit, NU, the northern territory's capital. She said growth in the global manufacturing...
