The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 101 - 125 of 256
Northway Resources Corp. May 26 announced plans to carry out mapping, sampling, and geophysics to refine gold targets on its Healy and Napoleon gold projects in Alaska's Eastern Interior region. Formed in 2018 and taken public last year, Northway is TSX Venture Exchange-listed company that focused its 2019 exploration primarily on Healy, a discovery stage gold project in the vicinity of Northern Star Resources 10-million-ounce Pogo Gold Mine property. Healy was first identifie...
Until novel coronavirus ignited a global pandemic that plunged the world economy into recession, foreign investors, except for a lucky few, have salivated from afar over the bountiful mineral riches that others are mining in the vast reaches of Canada's northern territories. But with COVID-19 on the march and no cure or proven vaccine for the deadly malady in sight, traditional sources of capital markets have dried up, leaving many mining companies, especially those with...
The Hope Bay gold mine will come under Chinese ownership with the finalization of a deal that would see Shandong Gold Mining Co. Ltd. buy full ownership of TMAC Resources Inc., the current owner and operator of the gold operation in the Kitikmeot region of northwest Nunavut. Under a definitive agreement announced on May 8, Shandong Gold Mining (HongKong) Co., an overseas subsidiary of the state-owned Chinese gold mining company, will pay roughly US$149 million (C$208 million)...
GT Gold Corp. April 3 said the planned 2020 exploration program on its Tatogga gold-copper project in the Tahltan Territory of northwestern British Columbia would typically get started toward the end of May but could be delayed due to the COVID-19 outbreak. In response to the challenges posed by COVID-19, GT Gold has taken steps to support the health and safety of its employees and contractors. These measures include limited in-person meetings, postponed business travel and... Full story
Novagold Resources Inc. April 1 announced that the planned 80-hole drill program at Donlin Gold, a 39-million-ounce gold project owned equally by Novagold and Barrick Gold Corp., has been put on hold due to COVID-19 measures in the Yukon-Kuskokwim region of Southwest Alaska where the proposed mine is located. A week earlier, Novagold reported that the roughly 22,000-meter drill program was ongoing but the rapidly evolving protocols to prevent the spread of coronavirus,... Full story
Novagold Resources Inc. March 23 said the 2020 drill program at the Donlin Gold project in Southwest Alaska continues at this date, but recognizes that the COVID-19 crisis is fluid and is monitoring the state of Alaska health recommendations and will make the necessary adjustments including pushing back the timeline for the balance of the 22,000 meters of drilling planned for this year. Donlin Gold LLC, a joint venture partnership owned equally by Novagold and Barrick Gold... Full story
Canada's provinces and territories have fallen from grace in the eyes of the global mining community, according to the latest rendition of Fraser Institute's Annual Survey of Mining Companies. For the first time in a decade, no Canadian jurisdiction ranks in the top 10 for "investment attractiveness" in the annual survey conducted by the Canadian public policy think-tank. This report asks industry professionals from around the globe to score mining jurisdictions based on their... Full story
Northern Star Resources Ltd. Jan. 29 said December marked an inflection point at Pogo that puts this Alaska gold mine in stride to exceed 300,000 ounces of gold production in 2020. During December, Pogo produced 24,708 ounces of gold from ore that averaged 9.8 grams per metric ton. At this pace, the mine would produce 296,500 oz of gold in 2020. Northern Star attributed the strong performance during the final month of 2019 to the introduction of long-hole open stoping and...
After being stalled for decades, hardrock gold mine development in Yukon Territory appears to be picking up speed, as one company rockets toward full mine production by mid-2020, while at least two others report exciting new discoveries. The Yukon, legendary for producing millions of ounces of gold dating back nearly 125 years, is still one of the best places on Earth to find the precious metal. Yet few modern gold projects have managed to overcome the constraints imposed by...
Investors looking for mineral exploration companies boasting a team with a proven track record and gold properties in safe and mineral-rich jurisdictions have a new choice with the Tectonic Metals Inc. symbol, TECT, listed on the TSX Venture Exchange at the opening of trading on Nov. 18. While Tectonic may be the newest mineral explorer on the TSX Venture Exchange, the company has been acquiring and assessing gold properties in Alaska for the past two years as a privately...
An abnormally long fall has allowed the Alaska mining industry to extend seasonal work well into mid-October, creating a lot of new information about project work conducted around the state. Exploration efforts, in particular, benefitted from this additional field time. Based on information available to date, 2019 exploration expenditures are expected to be in the $135-140 million range, well ahead of the $120-125 million exploration spending tracked for 2018. In addition,...
Northway Resources Corp. Oct. 21 reported that gold mineralization was encountered in all 10 reconnaissance holes completed during a maiden drill program carried out this year at the Healy project in Alaska's Goodpaster Mining District. Northway is a new mineral exploration company that completed an initial public offering and listing on the TSX Venture Exchange in August. At about the same time as the IPO, Northway began a maiden drill program at Healy, a discovery stage...
Crystal Lake Mining Corp. reported that drills have tapped a new porphyry copper-gold zone at Newmont Lake; and surface sampling has discovered an entirely new hydrothermal system containing high-grade gold , silver, copper, nickel, cobalt, zinc and lead mineralization along a separate corridor on the northern British Columbia property. The porphyry copper-gold mineralization, announced on Oct. 9, was encountered by drilling at 72' Zone, which is about 2,300 meters northeast...
If you have watched the metals markets over the last month, you know why Alaska's mineral industry has surged, stalled, swerved, swooped, slowed, shelved and stuttered, sometimes all at the same time! Gold has gone above US$1,500 per ounce; copper pundits are predicting an increasingly dour future; zinc markets are looking to dive below $1.00 per pound; tin markets have marched strongly upward due to supply disruptions; and silver bulls are calling for annual worldwide... Full story
While mining activity remained strong in the Northwest Territories in 2019, industry and government officials alike worried that the robust sector, driven largely by production at three diamond mines, has entered a prolonged downward slide. The near-term economic outlook for the territory, which covers 1.3 million square kilometers in Canada's central Arctic region, continues to be bleak as its diamond mines that have now passed peak production and replacement projects are in... Full story
Though mineral exploration in Yukon Territory this year lagged the pace seen in 2018, mine development projects advanced at a steady clip in 2019, while several past-producing mines moved toward resuming output. Yukon ranked fourth in Canada for projected spending on mineral exploration and deposit evaluation for 2018, according to statistics distributed by Natural Resources Canada. Spending for mineral exploration and deposit evaluations totaled C$249.4 million, made up of C$... Full story
Whether it be precious metals such as gold and silver, base metals like copper and zinc, or battery metals like nickel and cobalt, northern British Columbia is rich in the type of metal deposits that junior mining companies are hoping to discover and majors are wanting to mine. Couple this mineral endowment with good infrastructure – especially stacked up against the other jurisdictions in the North of 60 Mining News coverage area – and northern B.C. continues to draw str... Full story
The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is forever changing the gold mining landscape around the world. While the two largest gold mining companies Newmont Goldcorp (No. 1) and Barrick (No. 2) are still in the process of shedding assets following the mega-mergers, it seems that Newmont Goldcorp will emerge with a much stronger foothold in... Full story
The Goodpaster Mining District in Interior Alaska adds credence to the sourdough mining adage "gold is where you find it." Unlike the 8.3 million ounces of placer gold recovered from the Fairbanks Mining District to the west, 1.2 million oz from the Circle Mining District to the northwest or 20 million oz from Yukon's Klondike District to the east, the Goodpaster Mining District has thrown off a paltry 2,050 oz of placer aurum. Yet, Northern Star Resources Ltd.'s Pogo Mine in... Full story
More than halfway through its third year as a gold producer at the Hope Bay Property in Nunavut, TMAC Resources Inc. is also emerging as a top mineral explorer in Canada's northernmost territory. The Toronto-based company's Doris Mine at Hope Bay is one of only three producing gold mines in Nunavut. Situated in the Kitikmeot Region in northwestern Nunavut, Doris is the first gold deposit brought into commercial-scale production at the remote mining operation. For more than 30... Full story
Crystal Lake Mining Corp. is finding plentiful copper, gold and silver mineralization emerging from the rapidly retreating glaciers on its Newmont Lake project in British Columbia's Golden Triangle. Situated about 30 kilometers (19 miles) northwest of Skeena Resources' Eskay Creek project and about the same distance southeast of Teck Resources and Newmont Goldcorp's Galore Creek project, Newmont Lake is in an area renowned for world-class deposits rich in copper and gold. NW... Full story
A C$17.6 million strategic investment by Newmont Goldcorp has provided GT Gold Corp. the capital to accelerate exploration on its Tatogga gold property in northwestern British Columbia. GT Gold said this investment is a strong endorsement of the potential of the Saddle South and Saddle North discoveries it has made on this property toward the north end of the Golden Triangle. Highlights from drilling at Saddle South during 2017 and 2018 include: seven meters of 51.53 grams...
Teck Resources Ltd.'s northern exploration had two major focal points – ensuring the Red Dog District in Northwest Alaska continues as a significant source of global zinc supply well into the 21st century and a rekindled interest in advancing the Galore Creek copper-gold-silver project in British Columbia's Golden Triangle closer to production. The renewed and increased activities at Galore Creek follows Newmont Mining's 2018 acquisition of Novagold Resources Inc.'s 50 p... Full story
Northway Resources Corp., a new company with two gold exploration properties in Alaska, Aug. 26 announced the completion of an initial public offering and listing on the TSX Venture Exchange. "We are very excited about closing this transaction and being listed as a new public company on the TSXV," said Northway Resources President and CEO Zach Flood. "Northway Resources was founded last year with the primary focus to explore for gold in Alaska." Northway is currently focused...
Emerging on Alaska's exploration scene in 2018, Tectonic Metals Inc. is a new junior mining company that applies a business-first strategy to managing the risks inherent to advancing grassroots gold discoveries to a multi-million-ounce gold reserve that global mining companies want to buy and the local people want to see developed into a mine. "Junior mining is 99 percent risk, the failure rate is huge, yet nobody has any protocols in place for managing the risks," Tectonic... Full story
