The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Peak Gold LLC, a joint venture between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%), have agreed to invest US$18 million during 2021 to carry out the work needed to complete a feasibility level study for establishing a mine at Peak Gold project in eastern Alaska. Toward a new strategy of acquiring high-grade gold from projects across Alaska to provide feedstock for the mill at its Fort Knox Mine about 25 miles north of Fairbanks, Kinross acquired a 70% JV interest in...
Kinross Gold Corp. Nov. 4 reported a significant increase in gold production and drop in costs at its Fort Knox Mine about 20 miles north of Fairbanks, Alaska. "At Fort Knox, we are very pleased with the results achieved during the quarter. And I'm happy to say we expect continuation of strong results going forward," Kinross Gold Chief Technical Officer Paul Tomory informed investors and analysts on Nov. 5. During the third quarter of 2020, Fort Knox produced 72,705 ounces of...
A look at Kinross Gold Corp.'s newly optimized strategy for Fort Knox indicates that the iconic mine about 20 miles north of Fairbanks, Alaska will be producing upwards of 400,000 ounces of gold per year for most of the coming decade. The global gold producer introduced its new plans for Fort Knox during an Oct. 20 presentation that provided a more in-depth look into its plan to increase companywide gold output by 500,000 oz/year by 2023. This production growth strategy,...
FAIRBANKS, Alaska: The 8 millionth ounce of gold poured at Fort Knox on Oct. 9 is a milestone that seems to mark a new era for this iconic Interior Alaska mine that has been a flagship operation for Kinross Gold Corp. over the past 23 years. "The operation here at Fort Knox is our center for excellence, it has been for a long time," said Mike Sylvestre, Kinross Gold's senior vice president of operations in the Americas. Due to this excellence, Fort Knox serves as a university...
The Fort Knox Mine will continue churning out gold until at least 2030, thanks to Kinross Gold Corp.'s decision to move ahead with the development of Gilmore, an expansion project immediately west of the open-pit mine that has provide ore to the Interior Alaska operation for 22 years. "This go-ahead decision for Gilmore represents collaboration, hard work and dedication coming to fruition, and it wouldn't have been possible without the contributions of many," said Fort Knox...
With the price for an ounce of gold pushing back above US$1,300 to ring in the new year – along with zinc and copper selling at multi-year highs and trending higher – 2018 is shaping up to be a good year for Alaska's mining sector. Together, zinc and gold account for more than 80 percent of the value of metals mined in Alaska – silver and lead account for most of the balance. While there is currently no significant copper production in Alaska, the Far North state hosts signi...
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...
Kinross Gold Corp.'s Fort Knox Mine is on pace to retake the position of the top gold producer in Alaska. The open-pit operation situated about 26 miles (42 kilometers) north of Fairbanks reigned as the state's most prolific gold operation for a decade before relinquishing the title to the Pogo Mine in 2008. During the third quarter of this year, however, Fort Knox churned out 106,698 ounces of gold, a 48 percent surge from 71,952 ounces produced in the second quarter and a...
Is the "Yukon Gold Rush" about to spill into Alaska? Since the 1896 discovery of gold on the aptly named Bonanza Creek sparked a stampede of fortune seekers to the rivers and streams of the Klondike, these world-class mining jurisdictions that share a common geological and mineralization history have been engaged in a cross-border rivalry of drawing prospectors and miners to their mineral-rich deposits. While 19th Century miners seeking their fortunes in Alaska's Fortymile...
Over the course of the last several months, a series of new gold and base metal discoveries have been made. Several of these new discoveries were reported in the last month and highlights of these and other activities were presented at the annual Alaska Miners Association convention in Anchorage in early November. The convention was one of the most exciting and up-beat events in nearly a decade. The new discoveries are a trend that, while long in coming, are an inevitable...
