The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 601 - 623 of 623
In his first season as the Alaska and Russia exploration manager for Kinross Gold, Rich Harris will be spending about $2.5 million on exploration in 2004, mostly for early-stage prospects neighboring the company's Fort Knox and True North mines northeast of Fairbanks, Alaska. Final budgets for several projects, including three prospects neighboring True North and three others in the Fort Knox/Gil area, are still pending, Harris said in interviews June 1 and June 5. "Everything is being reevaluated locally. We're looking at...
Work began this spring on a three year, $60 million capital project at the Fort Knox gold mine northeast of Fairbanks, Alaska, a project that will ultimately access 1 million ounces of deeply buried gold, ensuring production at Alaska's largest mine through 2010. Called Phase 6, the mine expansion entails removing 55 million tons of non-gold bearing rock, or waste rock, in order to access an estimated 1 million ounces of gold already included in the mine's reserve used to estimate the remaining amount of production life....
Metals prices remain strong and funding for projects large and small is already in place or nearly so as Alaska prepares for the annual summer exploration dance. Exploration drilling on several winter drilling targets has been completed and summer drilling projects are beginning on several others. Mine permitting issues at Pogo have cast a shadow over the otherwise bright picture of Alaska's mining industry but resolution of this problem is expected sooner rather than later...
Kinross Gold and its partner in the Gil project, Teryl Resources, plan exploration this year at the prospect some seven miles east of the Fort Knox gold mine and mill complex. But exploration budget plans have not yet been finalized, according to Teryl's president, John Robertson. He's waiting to hear from planners in Kinross' corporate office to find out what his company's share of exploration spending at Gil will be this year. Kinross holds an 80 percent interest in Gil, and serves as the project's operator. Teryl holds...
All of the first six drill holes punched this spring on Teryl Resources' West Ridge property near Fairbanks, Alaska, encountered anomalous gold mineralization, according to a company press release issued April 28. Drilling work completed between March 16 and April 1 included 2,650 feet of reverse circulation drilling at the Old Glory prospect at West Ridge. Teryl's 100 percent owned West Ridge property is just south of the True North Mine, a Fort Knox satellite mine operated by Kinross Gold from 2001 through early this year....
John Robertson, president of Vancouver, British Columbia-based Teryl Resources, is focused on raising funds for his company's Fairbanks-area exploration properties. The company offered a private placement of 2 million units at 55 cents per unit in a Feb. 25 release, with a treasury share and a half-warrant attached for every one unit purchased. One warrant is exercisable at 70 cents for one year for additional treasury shares. There is a four-month hold on the treasury shares. The goal is to raise a little more than $1 millio...
Alaska's exploration season is well under way with drilling in progress at several locations and planning for the summer season proceeding at a frenetic pace not seen in more than five years. Anyone who has tried to line up a drill rig, a helicopter or a project manager will tell you the same thing: all are in short supply, even at this early point in the year. Projects under way and planned for the coming year include numerous gold projects, several base metal projects, a...
Kinross Gold, owner and operator of the Fort Knox gold mine, said during a company-wide exploration presentation that Fairbanks area work will focus on in-pit expansion, the Gil and Ryan Lode prospects and six early stage properties. Company executives described 2003 results from Kinross properties in North and South America, and in Russia. The company will spend $20 million in 2004, spread throughout those properties, officials said in a Jan. 29 conference call. The company did not provide specific spending plans for...
As in past years, Canada's Fraser Institute (www.fraserinstitute.ca) has released the results of its annual mining investment attractiveness survey for 2003-2004. The survey represents responses from 132 junior mining companies and 27 senior mining companies who rated policy potential issues (regulatory and infrastructure), mineral potential and overall investment attractiveness in 53 political jurisdictions around the globe. The companies participating in the survey accounted for exploration budgets totaling US$642.4...
Vancouver, B.C.-based Teryl Resources plans to drill up to 15 reverse circulation holes on its West Ridge gold exploration property, located just south of the True North mine, about 10 miles west of the Fort Knox in Interior Alaska. In a Feb. 9 press release, the junior exploration company said it submitted an amendment to its existing exploration permit with the Alaska Division of Mining, Land and Water Management requesting permission to drill targets on West Ridge. Teryl expects to receive approval before the end of...
Alaska state regulators have signed off on completed reclamation work at the shuttered Ryan Lode mine some 10 miles northwest of Fairbanks in the midst of a hilltop residential area. But gold prospecting work will continue this year at the old heap leach mine site by its owners, Fairbanks Gold Mining Inc., which owns and operates the Fort Knox gold mine about 30 miles away. Fairbanks Gold, a subsidiary of global mining giant Kinross Gold, spent nearly $800,000 on reclamation and closure work at Ryan Lode since acquiring it...
Despite the drop in gold prices since a month ago, exploration activities in Alaska are picking up. Two drill programs have already kicked off in Interior Alaska and more are likely to be completed before the end of March. Contracts for drilling rigs, helicopters and experienced geologists are being finalized at a rate not seen here in half a decade. In addition, Alaska's new political administration is aggressively encouraging infrastructure development and making regulatory...
Another year has come and gone and Alaska's mining industry continues to generate jobs for its citizens and raw materials for the world. Although base metal prices remain mired at low levels, gold and platinum have risen steadily over the last month with gold in particular taking on new luster as it broke the $350 per ounce mark for the first time in five years. Platinum has rebounded from earlier lows and is now flirting with $600 per ounce levels while its geological...
As 2002 draws rapidly to a close, news of this year's mineral exploration, development and production efforts in Alaska continues to come out while plans for next year are being formulated in board rooms across North America. The political landscape at both the national and state levels changed drastically as a result of the Nov. 5 elections; however, the effects of these changes will not become evident for some time. Metals prices remain depressed for lead, zinc and...
As the first snows of winter begin to fall around the state, more assay results are coming in and plans for next year are being formed. Metals prices continue to rise or hold steady and budgets for next year appear to be growing as a result. Several exploration projects remain in progress and are not likely to be completed before the end of October. By then we will have a good idea of how 2002 stacks up against previous year's exploration, development and production...
The Bureau of Labor Statistics indicates that mining is one of the nation's safest occupations with a lower rate of illness and injury per 100 employees, 4.7, than manufacturing, 9, and construction, 8.3, and grocery stores, 8, hotels, 6.9, and retail sales, 5.9 As is usually the case, the Alaska summer season reached its peak in activity in August. As is always the case, some properties show promise of turning into Alaska's next operating mine while others have their names quietly scribed on the scroll of the dead. Several...
Drilling, trenching and prospecting results are pouring in from all over the state as the 2002 summer season hits its annual mid-point. The most active place in the states continues to be the Seward Peninsula although a number of other areas are seeing increased levels of interest and expenditure for the first time in five years. Tire kicking has increased across the board and new property acquisitions are expected to make their way to the public domain in August. Gold exploration has resurfaced after a long hiatus but base...
Is it my rose colored glasses or has the mining industry brightened considerably in the past month? The bump in the gold prices along with the slow but steady increase in the abysmal prices for other metals seems to have infused the mining industry with, dare I say it, optimism! Quite frankly I'm not sure how to react since we have not seen an industry-wide "smile" since the heady days at the end of the last millennium before the Busang scam devastated the industry and helped hasten the plunge of the already declining gold...
The snows are rapidly retreating and the Alaska mining industry is busy sharpening picks and pencils as it prepares for the summer season. Metals prices are on the rebound and a surprisingly vigorous economic recovery is under way in the United States. Although budgets for major companies for Alaska are not likely to change drastically in 2002, junior equity markets are surprisingly buoyant and should provide more immediate capital for investment in Alaska this year. Western Alaska NovaGold Resources announced the results...
Spring is in everyone's step in the Alaska mining industry even if spring is not quite yet in the air here in Alaska. Buoyant spirits are related to surprisingly buoyant metals prices and positive economic news from the U.S. economy. Plans for 2002 are in progress and fieldwork on some projects already is under way. Exploration activities for gold in 2002 appear to be on the rise compared to 2001 as is exploration for base metals. The professional begging (money raising) season is in full swing for junior and intermediate siz...
As is always the case this time of year, many of the season's exploration and development programs are completed or nearing completion and the results of those programs are trickling in. In addition, second quarter 2001 operating results are in for Alaska's major mines, all of which are doing well despite depressed prices for all of the metals they produce. The state's most active areas include the Seward Peninsula, Interior Alaska and southeast Alaska. Here is what's going on. Western Alaska Cominco American's Red Dog mine...
While the noisy debate continues over ANWR, the gas pipeline possibilities and the ever-increasing cost of gasoline, the Alaska mining industry has quietly made the seasonal transition from winter to summer. The sound of drills and rock picks on outcrops is beginning to echo across the state. By all accounts the number of feet drilled, the number of geologists and engineers employed and the number of dollars spent around the state this year will be down significantly compared to the last several years. That said, several area...
Alaska's "winter that wasn't" is nearing its end and with it the mining industry is gearing up for another summer season. This season promises to see less intense activity in the gold exploration sector, more polymetallic and platinum group element exploration along with continued development activities at Red Dog, Greens Creek, Fort Knox and the Pogo project. To underscore this recent shift away from gold and into other metals, the Prospectors and Developers Association of Canada recently awarded its prestigious Prospector...
