The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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While a small group of dedicated explorers returned in 2022 to advance production and development projects in Nunavut, a growing number of newcomers fanned out across the northern territory in search of a variety of minerals. Some came seeking gold deposits like those being explored and mined by Agnico Eagle Mines Ltd., while others chased historical occurrences of newly designated critical metals, especially copper and certain base metals, now in high demand for...
For Agnico Eagle Mines Ltd., 2021 proved to be a transformative year at its operations in Nunavut. The gold miner acquired a third mine in the Far North Canadian territory, completed extensive exploration programs at its mine properties in Nunavut, and edged closer to its goal of zero carbon emissions from its operations by 2050. Agnico also entered a proposed merger-of-equals agreement with Kirkland Lake Gold, a combination that would create the third-largest gold miner in...
Looking to strengthen the gold mine platform it is building in Nunavut, Agnico Eagle Mines Ltd. is investing roughly US$33 million into exploring its three main assets in the Canadian territory – Meliadine mine, Meadowbank Complex, and the recently acquired Hope Bay mine. This robust investment in Nunavut is part of US$163 million of exploration the company has budgeted for all of its assets, which is substantially higher than the US$113 million invested in exploration d...
Agnico Eagle Mines Ltd. viewed the start of gold production from its Amaruq and Meliadine mines in Nunavut during 2019 as an inflection point that marked a new era for the company's endeavors in this geologically blessed, politically attractive, and stable northern Canadian Territory jurisdiction. The Toronto-based gold miner, however, did not envision this new era starting with a global pandemic that would suspend operations at its new mines and change the modus operandi at...
Aura Silver Resources Inc. May 3 reported that Agnico Eagle Mines Ltd will continue to carry out exploration at Aura's Greyhound gold property this year. Situated 32 kilometers (20 miles) south of Agnico Eagle's Meadowbank gold mine in Nunavut, Greyhound hosts gold-rich zones and base metals-rich volcanogenic massive sulfide targets. Agnico earned an initial 51 percent interest in a portion of Greyhound upon completing a 2017 spring drilling program, a stake that can be...
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. With two new gold mines established in Nunavut this year, 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...
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...
Agnico Eagle Mines Ltd. reported substantial progress this year at its Amaruq and Meliadine gold mine development projects in Nunavut that are expected to boost the company's annual gold production to 2 million ounces by 2020. Meadowbank, currently the company's only operating mine in Nunavut, began production in 2010 and is now nearing the end of its gold reserves. The mill and other facilities there, however, will continue operations thanks to Amaruq, a satellite deposit...
Agnico Eagle Mines Ltd. took healthy strides in 2016 towards developing Amaruq as a satellite to its Meadowbank gold mine in Nunavut. The company acquired Amaruq, a previously undrilled gold property about 50 kilometers (31 miles) northwest of Meadowbank, in 2013 and by the end of 2015 had already outlined 16.9 million metric tons of inferred resource averaging 6.05 grams of gold per metric ton (3.3 million ounces) gold. About 89 percent of this resource is found in a deposit...
Nunavut seems to be ahead of the curve when it comes to recovering from the global downturn in mineral exploration spending. An estimated C$202.5 million was invested in unlocking this Canadian territory's mineral potential in 2015. This 28 percent increase over the C$158 million invested in 2014 came at a time when most jurisdictions around the world were continuing a four-year trend of sharp drops in mineral exploration. While early estimates have Nunavut giving up some...
Agnico Eagle Mines Ltd. is on track to have two new gold mines in Nunavut by 2019 and has grabbed a foothold on gold exploration in Yukon Territory. In recent years, the company expanded its presence in Nunavut, a jurisdiction its sees as both politically stable and geologically rich. Agnico's largest producing mine, Meadowbank, and two development assets, Amaruq and Meliadine, are found in this northern Canada territory. Meadowbank, which began operation in 2010, has enough...
Aura Silver Resources Inc. March 20 said Agnico Eagle Mines Ltd. plans to resume drilling at Aura's Greyhound gold-silver property in Nunavut this year. Slated to begin in April, this roughly 1,500-meter drill program will follow up on a hole completed by Agnico in 2015 that cut 1.5 meters averaging 6.41 grams per metric ton gold. "The potential for success of future work following up on the discovery of high-grade gold (multiple one ounce per ton gold samples) and silver boulders (some in excess of 5,000 grams per metric...
Aura Silver Resources Inc. April 12 said Agnico Eagle Mines Ltd. is planning a third season of exploration on Aura's Greyhound property located some 35 kilometers (22 miles) south of Agnico's Meadowbank gold mine in Nunavut. A ground magnetic resonance survey of the property is currently underway. This detailed survey will cover roughly an area of about 8,000 meters by 3,000 meters that includes a broad area to the east of the all-weather Meadowbank road (running through the...
Aura Silver Resources Inc. Nov. 24 reported results of an eight-hole drill program completed at its Greyhound property in Nunavut. The program was funded and operated by Agnico Eagle Mines Ltd., which entered into an option agreement on the property in 2014. The 2015 drilling focused on the Aura Lake and Dingo areas of the Greyhound property. Hole GHD15-017, drilled east of Aura Lake, cut more than 25 meters of a stockwork zone of quartz-carbonate veining hosted within mafic...
Since acquiring Amaruq in 2013, Agnico Eagle Mines Ltd. has elevated the Nunavut property from an intriguing grassroots prospect to a 2-million-ounce gold deposit that could follow the company's Meadowbank Mine as a successful venture in Nunavut. "While it is still at an early stage of exploration, in less than two years, the Amaruq property has advanced from a grassroots discovery to a project that now hosts a significant and growing inferred gold resource. We also see good...
Aura Silver Resources Inc. Aug. 14 reported that Agnico Eagle Mines Ltd. has begun a 1,000-meter drill program at Aura's Greyhound property in Nunavut. This drilling program will focus on the previously identified gold and silver rich zones around Aura Lake as well as the gold and base metal, copper-rich area at the Dingo zone. Agnico completed a similar-scale program at the property last year. The Greyhound property is located 32 kilometers (20 miles) south of Agnico's...
Mineral exploration activity is holding its own in Nunavut this year, despite a tough funding environment and stiff competition from other attractive mining jurisdictions around the world. Although the Far North territory has only one operating mine, Meadowbank, at least eight mineral projects are currently hurtling through development and the permitting process on their way to production. Of these, two projects - one gold and one iron - have project certificates, and six projects are progressing through the environmental...
From expanding reserves at its proposed Meliadine gold mine to early-stage exploration at an enticing gold discovery a few miles up the road from its Meadowbank Mine, 2014 is emerging as a year marked with exciting growth for Agnico Eagle Mines Ltd. In addition to growth through the bit of a drill, Agnico expanded its reserves and production profile through acquisitions. In June, the producer and Yamana Gold Inc. finalized the purchase of Osisko Mining Corp. Agnico and Yamana...
Kivalliq, located northwest of Hudson Bay and sharing a border with the Northwest Territories and Manitoba, is the heart of Nunavut's gold country. This central region of the territory is also the home of Nunavut's sole operating mine, Meadowbank. The region's diverse geology hosts a number of mineral occurrences and deposits, particularly gold, uranium, nickel, platinum group elements, base metals, rare earth elements, and diamonds. In 2013, exploration activity in the Kivalliq Region primarily involved gold and uranium,...
AUU: TSX-V President and CEO: Rob Boaz Hon. B.A. Chief Geologist & Director: James M. Franklin, Ph.D., P. Geo. VP, Exploration and Consulting Geologist: Eric Craigie, B. Sc. (Geo.) Formed in 2003, Aura Silver's strategy is to act as an exploration arm with other miners that host untested exploration potential on their mining properties in major silver belts. Aura Silver has two active projects in North America, including one located in an under-explored Archean greenstone belt in Nunavut. Aura Silver's Greyhound Lake...
Government and industry officials agree that mining exploration and development in recent years have brought substantial positive change to Nunavut, Canada's newest and least explored territory. Ongoing and new exploration, however, are rapidly advancing understanding of this vast Arctic land's mineral potential. "In this industry, it seems that all of the best and worst of times were compressed into less than two years (between 2008 and 2010)," said Peter Taptuna, minister of Economic Development & Transportation for the Gov...
One of the reasons that mining-friendly Nunavut is attracting considerable industry attention in 2010 is the ongoing exploration success of ventures like Aura Silver Resources Inc.'s Greyhound Project in the Kivalliq region of the territory, where relatively modest spending can deliver impressive results. Aura Silver reported results in August and early September from surface sampling and drilling programs this summer that returned grades as high as 28.2 grams per metric ton gold and up to 5,380 g/t silver. The samples were...
AUU: TSX-V President and CEO: Robert Boaz Chairman: Jeffrey Klenda Vice President, Exploration: Eric Craigie Formed in 2003, Aura Silver Resources Inc. is a Canadian exploration company engaged in the discovery of precious metal deposits with a focus on silver. The Company has concentrated its search on precious metal districts in North America. Aura Silver has two active projects in North America, one in Oaxaca, Mexico and one located in an under-explored Archean greenstone belt in Nunavut, Canada. Aura Silver's Greyhound...
Producing mines Early in 2008, Tahera Diamond Corp., owner and operator of Jericho Diamond Mine - Canada's third, and Nunavut's first diamond mine - filed bankruptcy and sought creditor protection. Tahera opened the Jericho in 2006 and recovered and processed 155,000 metric tons (average grade of 0.79 carats per metric ton) during the fourth quarter of 2007, resulting in production of 122,500 carats valued at US$11.6 million, compared with US$8.4 million in the third quarter of 2007. However, financial losses were reported...
