The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 256
Urges the mining industry to build goodwill and trust to survive societal, geopolitical, and new technology megatrends in a changing world. Newmont President and CEO Tom Palmer did not waste his keynote address at the Minerals Week 2023 gathering in Australia to tout the many achievements of the world's largest gold mining company he leads. Instead, he delivered a powerful and sometimes foreboding message to the mining leaders in the room and around the world about the...
White Gold Corp. April 25 announced an updated mineral resource estimate for its flagship White Gold project which has added the Ryan's Surprise and VG deposits to the tally, reaffirming its indicated category and swelling the amount of gold in the inferred resource category by 41%. "We are very pleased with the significant increase in our mineral resources," said White Gold CEO David D'Onofrio. "In a relatively short period of time, we have delineated a very large gold...
Increased copper and gold output at Red Chris and Brucejack; drilling shows promising future potential at both BC mines. As the finalization of its merger with Newmont Corp. looms on the horizon, Newcrest Ltd. reports increased metals production and abundant upside at its Red Chris and Brucejack mines in the Golden Triangle region of Northern British Columbia. "In May we reached an agreement for Newmont to acquire 100% of the issued shares in Newcrest," said Sherry Duhe, the i...
Grande Portage Resources Ltd. June 6 announced the start of its 2023 drilling program, which aims for 20,000 meters in 15 to 20 holes at the company's Herbert Gold project in Southeast Alaska. Located 25 kilometers (16 miles) north of Juneau, the Herbert Gold project is an exploration stage, high-grade, gold-mineralized mesothermal quartz vein system in the historic Juneau Gold Belt. According to a 2021 calculation, Herbert Gold hosts 3.64 million metric tons of indicated...
Merged company will hold several world-class gold, copper assets in Northern BC's Golden Triangle. In a deal that will bring together several world-class copper and gold projects in British Columbia's Golden Triangle, Newmont Corp. and Newcrest Mining Ltd. have agreed upon a merger worth A$28.8 billion (US$19.3 billion) to Newcrest shareholders. "The combination of Newmont and Newcrest represents an exceptional value proposition for shareholders and other stakeholders," said N...
Cash from royalty sold to Sprott will help elevate BC copper-gold-silver mine project to "substantially started" status. Seabridge Gold Inc. May 11 announced that it has raised US$150 million (C$201 million) to carry out the work required to elevate KSM to the "substantially started" status, which will ensure the longevity of the environmental assessment certificate for this copper-gold-silver mine project in British Columbia's Golden Triangle. Once a certain threshold has...
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...
Newcrest Mining Ltd. May 11 announced that it has granted Newmont Corp. one more week to complete due diligence ahead of finalizing a merger between the two large mining companies. In February, it was revealed that Newmont had made an all-shares merger offer of 0.363 Newmont shares for each Newcrest share held and then a second for 0.38 Newmont shares per Newcrest share. Newcrest, however, balked from the first two offers because the board of directors did not believe either...
Kenorland Minerals Ltd. May 10 announced that it plans to carry out drilling and geophysics on its Tanacross and Healy mineral exploration projects in Alaska. In April, Kenorland announced that Antofagasta Minerals, a subsidiary of Chilean copper miner Antofagasta PLC, plans to invest US$3.8 million this year on exploration at the Tanacross porphyry copper-gold project in eastern Alaska. Last year, Antofagasta Minerals agreed to pay Kenorland an initial US$1 million and...
Let's talk about electric car batteries, their mineral content, the source of the minerals, and where those minerals are refined. Generally speaking, according to a recent piece in the Washington Post, electric car batteries weigh about 900 pounds – 900 pounds of minerals that have to be mined, refined, combined and shaped, fitted and installed into cars – cars that are being pushed onto the American public because they don't require polluting gasoline. We are told that electr...
New $19.6 billion proposal deemed fair by Newcrest board; companies advance one step closer to merger. With a new US$19.6 billion (A$29.4 billion) offer, Newmont Corp. is one step closer to completing a merger with Newcrest Mining Ltd. For Newmont, which is already the world's largest gold mining company, the proposed combination with Newcrest would add gold and copper production from mines in Australia, Canada, and Papua New Guinea. In February, it was revealed that Newmont...
Li-FT Power Ltd. March 22 announced that it has raised C$35 million (US$25.5 million) for exploration of its lithium properties in Canada, including the company's flagship Yellowknife Lithium project in Northwest Territories. Li-FT is a new junior exploration company formed early last year to explore and develop projects for hardrock lithium, which is in high demand for the batteries powering electric vehicles. After picking up some promising projects in Quebec, the company ac...
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...
Lured partly by proximity to infrastructure in Yellowknife, several companies moved in January to advance exploration in mineral-rich Northwest Territories. The explorers include seasoned diamond and now rare earths hunter North Arrow Minerals Inc., NWT newcomer Gama Explorations Inc., and ambitious junior Gold Terra Resource Corp. North Arrow Jan. 30 reported acquiring a 100% ownership interest in the DeStaffany lithium property from NWT project generator Parnac Resources...
The global transition to renewable energy is demanding enormous quantities of copper and zinc, two metals that are a specialty of Teck Resources Ltd. To help leverage its global portfolio to help fill the growing demand for copper, Teck launched Project Satellite in 2017. This initiative focused primarily on five copper assets in the Americas, including the Galore Creek and Schaft Creek projects in Northern British Columbia. According to a 2018 calculation, Galore Creek hosts...
Looking to expand the resources at the Yellowknife City Gold projects, Gold Terra Resource Corp. 2022 exploration included drilling on its Con Option and Northbelt properties, which are part of a 309-square-mile (800 square kilometers) land package that covers roughly 43 miles (70 kilometers) of the Yellowknife greenstone belt in Northwest Territories. Gold Terra began accumulating this district-scale land package in 2013, with the Northbelt property that extends north from...
With a propensity to attract major mining companies to the mineral exploration projects it generates, Kenorland Minerals Ltd. cut a deal in 2022 to option its Tanacross project in eastern Alaska to Chilean copper miner Antofagasta PLC. Lying alongside the Alaska-Yukon border, the 113,400-acre Tanacross property hosts world-class porphyry copper-gold deposit potential. Since the discovery of the East Taurus deposit in 1971, 17,076 meters of drilling in 67 holes have been...
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...
Mining activity in Northwest Territories held steady in 2022 despite constraints imposed by the ongoing COVID-19 pandemic as a cadre of mainly junior mining companies took up the international challenge to seek out large deposits of critical minerals. Early in the year, government officials noted that industry interest in diamonds, gold, and especially critical minerals boded well for the NWT economy in the coming year. "An exciting new chapter is emerging for mining in the...
Li-FT Power Ltd., a relatively new junior exploration company led by a team with a track record of discovering and financing mineral projects, has acquired an exciting hardrock lithium project that covers most of the Yellowknife Pegmatite Province in Northwest Territories. The Yellowknife lithium project covers at least 14 pegmatites – igneous rocks with exceptionally large crystals that are the major source of hardrock lithium worldwide – on mineral leases that are 30 kil...
Rare metalloid is key element of CdTe thin-film solar cell tech The rising popularity of thin-film solar cells as a highly effective means of converting sunlight into electricity is creating increased demand for tellurium, amongst the rarest of the stable elements on the periodic table. Tellurium is a metalloid, one of seven elements with properties that fall between metals like aluminum and tin and non-metals like carbon and phosphorus. These semimetals, which also include...
White Gold Corp. July 5 announced the start of its 2022 drill program at the Betty Ford and Mascot gold targets on the Betty property, located within the southern part of the company's enormous land package that covers much of the White Gold District in Yukon, Canada. Betty is strategically positioned about 15 kilometers (9 miles) northeast of Western Copper and Gold Corp.'s Casino porphyry deposit and 40 kilometers (25 miles) east of Newmont Corp.'s Coffee gold deposit. "Our...
Dozens of prospectors and junior mining companies are trekking into the bush in Yukon Territory this field season, seeking the next big pot of gold in a fabled land rich with possibilities. Leading the charge is White Gold Corp., which initiated 7,500 meters of drilling, including 5,000 meters of diamond drilling, 1,000 meters of reverse circulation drilling and 1,500 meters of rotary air blast drilling. The 2022 exploration program began with diamond drilling at the Ryan's...
