The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Investments will support infrastructure for critical mineral projects in the Golden Triangle and the Yukon. Toward the goal of positioning Canada as a global leader in the production of minerals essential to the clean energy transition, Ottawa is investing C$60 million (US$44.2 million) in energy and transportation infrastructure in the Yukon and British Columbia's Golden Triangle. "These investments are needed to support critical minerals development in the region, improve co...
Governments commit C$195 million to improving highway infrastructure in critical minerals-rich Northern BC. Heralded as a win for First Nations residents and the mining industry in Northern British Columbia, the federal and provincial governments are investing C$195 million (US$142.6 million) to upgrade highway infrastructure in the critical minerals-enriched Golden Triangle. "The Northwest BC Highway Corridor Improvements Project will benefit a critical mineral region and...
Financing package backed by Orion Resource Partners is more than enough to develop world-class gold-silver mine in Northern BC. With the goal of advancing Eskay Creek into production by the first half of 2027, Skeena Resources Ltd. has secured a $750 million (C$1 billion) financing package to develop a mine at the gold-silver project in British Columbia's Golden Triangle. "On the back of our positive definitive feasibility study released in November 2023, this financing...
Anchored by five royalties contributed by Nisga'a Nation in Northern BC, Nations Royalty is world's first Indigenous-owned metals royalty firm. The June 20 listing of Nations Royalty as an investment company on the TSX Venture Exchange was a milestone that will likely forever change the mining landscape in Canada and beyond. Born out of the vision of mining magnate Frank Giustra, a First Nations-to-mining bridge brought to the table by lifelong Northern British Columbia...
Board assigns 15 goals to corporate "report card" for 2024; half the grade hinges on performance at KSM, including entering into a JV by year's end. Seabridge Gold Inc. April 11 announced that its primary objective for 2024 is to enter into "a joint venture agreement on the KSM project with a suitable partner on terms advantageous to Seabridge shareholders." Each year, Seabridge's board of directors assembles a list of objectives for which to measure the company's annual...
Lying just deep enough into the mining frontier that value of its world-class deposits copper, gold, silver, nickel, and other metals has not been fully realized, yet home to the industrial-grade hydropower, road access, and Pacific Rim ports needed to unlock its vast mineral potential, Northern BC is well-positioned to be a major source of precious, base, and critical metals in the 21st century. This particularly mineral-rich section of the Canadian Cordillera also happens...
Teck Resources Ltd. went into 2023 with a strategy to better position for the energy transition by spinning its steelmaking coal unit into the newly formed Elk Valley Resources, and advancing its copper- and zinc-forward metals assets under a rebranded Teck Metals Ltd. This proposed reorganization, however, was stymied by an aggressive takeover bid by Glencore that wanted to incorporate Teck's coal and metals assets into its own reorganization plans. While Teck fended off...
Awards C$600,000 grant for TNDC's heavy equipment operator program that trains Tahltan residents for jobs in Northern BC. More Northern British Columbia residents will have the skills needed to work in Golden Triangle mines thanks to a C$600,000 grant from TD Bank Group to support the Tahltan Nation Development Corp.'s Heavy Equipment Operator program. "At TD, we want to help prepare people for the jobs of tomorrow by investing in organizations that offer skills training...
With $444 million invested over the past three years, Seabridge files an application to upgrade status of KSM, ensure the longevity of EAC. After investing nearly C$1 billion (US$740 million) into KSM over the past two decades, including C$444 million (US$328 million) over the past three years, Seabridge Gold Inc. has applied to have the status of this world-class gold-copper project in Northern British Columbia elevated to "substantially started." A substantially started...
Is it time for BC, Yukon, Alaska to forge an alliance to unlock critical mineral wealth, usher in new era of prosperity in the 21st century? The extremely mineral-rich geology that sweeps in a roughly 1,500-mile (2,600 kilometers) arc from the southern tip of British Columbia's Golden Triangle, through the Yukon, and onward to Alaska's west coast does not recognize the borders it spans. Likewise, the opportunities and challenges related to unlocking the precious, industrial, a...
Carrying forward a two-decade legacy of building gold resources faster than issuing shares, Seabridge Gold Inc. focused its 2023 exploration primarily on the Iskut gold-copper property in Northern British Columbia and high-grade 3 Aces project in the Yukon. Going into 2023, Seabridge had 170.8 million ounces of gold in resources and reserves, a 997% growth since 2003. Over that same span its outstanding shares have only increased by 195%. Along with this gold, Seabridge has...
Receives funding to train Tahltan heavy equipment operators; skills for enhanced opportunities. In an exciting move that will provide job opportunities for Tahltans and expand the mining workforce available in British Columbia's Golden Triangle, Tahltan Nation Development Corp. has received funding from the B.C. Ministry of Post-Secondary Education and Future Skills – Indigenous Skills Training and Education Program to support a second year of the literal and figurative ground...
Tahltan Nation's business arm has partnered with Solvest to install solar systems at mining project in Tahltan Territory. With the goal of advancing clean energy in Northern British Columbia and adding to its business endeavors, Tahltan Nation Development Corp. has partnered with Solvest to identify and develop renewable solar power solutions that reduce diesel consumption and carbon emissions within the traditional territory of the Tahltan First Nation. "We are excited to...
Mining execs rank Alaska, Yukon, BC, NWT and Nunavut high on mineral potential; policy issues weigh on Fraser mining survey scores. With the exception of British Columbia, all the mining jurisdictions in the North of 60 Mining News area lost favor in the latest edition of the Fraser Institute's Annual Survey of Mining Companies. Each year, Canada-based Fraser Institute calls on mining executives from around the world to rank global mining jurisdictions when it comes to...
The North of 60 Mining area hosts billions of pounds of copper ready to be delivered to a world craving this metal in sky-high demand for wiring the electric vehicles and renewable energy infrastructure that would enable the envisioned low-carbon future. Whether enough of these copper-rich projects are developed in time to circumvent a short circuit of the clean energy transition remains to be seen. Global Market analysts such as S&P Global have predicted that copper...
From competing offers for an exploration company with large and intriguing mineral projects in the Yukon, to the world's largest gold miner making a US$17 billion bid to buyout an Australian mining company with two producing assets in British Columbia's Golden Triangle, February was a big month for mergers and acquisitions in the North of 60 Mining News coverage area. Three M&A proposals were put forward in February that would create a shift in the North of 60 mining sector...
British Columbia's Golden Triangle is poised for a mining boom that raises the bar when it comes to achieving the higher environmental, social, and guidance expectations for companies that produce the gold, silver, copper, and other metals the world needs and wants. While this mineral district in BC's northwest corner is famed for its rich stores of copper, gold, and silver – and to a lesser degree, nickel, cobalt, platinum group metals, and other critical minerals – the ESG...
Proposed merger could have major implications for several mining projects in BC's Golden Triangle. Over the weekend, Newcrest Mining Ltd. and Newmont Corp. confirmed rumors of a proposed merger that has major implications for the future of mining in British Columbia's Golden Triangle. "We believe a combination of Newmont and Newcrest presents a powerful value proposition to our respective shareholders, workforce and the communities in which we operate," said Newmont President...
Working with First Nations is key to unlocking the Golden Triangle's vast potential. A world-class copper-gold district that is also enriched with nickel, cobalt, platinum group metals, and other critical minerals, the Golden Triangle region of Northern British Columbia is poised to be a major supplier of the mined commodities critical to a low-carbon future, cutting-edge technologies, and strong global economies. "Responsible mineral exploration and development are critical...
A feasibility study for developing a mine at Skeena Resources Ltd.'s Eskay Creek has confirmed that developing an open pit mine at this historic gold-silver project in British Columbia's Golden Triangle remains profitable in today's inflationary environment, even if the price of gold dropped to US$1,400 per ounce and silver was selling for a mere US$14/oz. At US$1,700/oz gold and US$19/oz silver, the open pit mined detailed in the Eskay Creek feasibility study prepared for...
Benchmark Metals Inc. May 31 announced the signing of a new agreement with the Tahltan Central Government that establishes processes that allow the Tahltan First Nation to engage and benefit from Benchmark's exploration of the Lawyers gold-silver project in Northern British Columbia. The roughly 96,000-square-kilometer (37,000 square miles) Tahltan Territory, which covers approximately 70% of the Golden Triangle region of northwestern BC, extends east to the north-central...
While Golden Triangle is an apt and easily marketable moniker for northwest British Columbia's incredible mineral endowment, Tahltan Territory more accurately and thoroughly encapsulates the rich deposits of copper, gold, silver, nickel, platinum group elements, and other metals for which this region has gained international renown. Extending east from the Alaska border to the Cassiar Mountain range and north from the Nass and Skeena Rivers into the Yukon, the roughly...
Newmont Corp. March 30 announced plans to acquire several blocks of mineral exploration claims in British Columbia's Golden Triangle for the support of land use planning in the Tahltan Territory. The Tahltan-BC Land Use Plan, which is based on the recognition of Tahltan title and rights within the nation's 96,000-square-kilometer (37,000 square miles) territory in northwestern BC, is expected to be one of the key tools that will inform land use decisions under a new...
In a move that will help ensure that the First Nations people and communities in British Columbia's Golden Triangle benefit from the rising mining activity in their incredibly mineral-rich traditional territory, Tahltan Nation Development Corp. has secured the rights to sell Sandvik mining equipment, parts, tools, and digital solutions in northwestern British Columbia and neighboring Yukon. "Sandvik's global reputation for safety, quality, performance, customer service...
Despite a season challenged by heavy rains and an early snowstorm, the massive amount of exploration carried out in Northern British Columbia during 2021 piled loads of drill core and surface samples on assay labs already severely backlogged by COVID-19 protocols and restrictions that slowed the flow of samples in and data out of these facilities. Just how busy was the 2021 exploration season across the northern half of BC? According to North of 60 Mining News calculations,...
