The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 40 of 40
In days gone by the Alaska mining industry thought of December as a time of decreased activity and a chance to catch your breath before the New Year started. Well, in case you have not noticed, those days are long gone! This month's activities stretch from one side of Alaska to the other with metals of interest spanning the periodic table of elements. Results from a number of programs are still outstanding and likely will not be seen until the New Year, blurring transitions...
Vancouver-based Northern Dynasty, whose sole asset is the Pebble project in southwest Alaska, is the only junior mining company to remain in the top five on the TSX Venture Exchange or TSX-V by market capitalization for two years straight. The company's market capitalization was C$326.5 million in 2005, making it the fourth-largest in its sector, and C$657.4 million in 2006, making it the third-largest. These and other achievements by Canadian companies are highlighted in a report called Junior Mine by Pri...
The annual running of the bulls in Pamplona can't hold a candle to the statewide frenzy that is going on right now across the length and breadth of Alaska. Measure it any way you like - meters drilled, helicopter hours used, geologists or engineers on the payroll, gallons of fuel burned or gallons of peanut butter consumed - it all comes out the same. The Alaska mineral industry is running at or over capacity and there is no sign that that will change any time soon. The last month saw the start of multiple drilling programs...
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...
As expected, results from the summer field programs have begun to roll in from all over the state. Discoveries from base and precious metals properties were reported in September and several properties previously explored in the Carter administration were rediscovered and are turning out promising results. Metals prices remain robust with gold pushing the $475 per ounce mark. While Alaska's mining industry is still trying to catch its breath from this year, many companies...
As expected, news has begun to trickle in from projects being worked on across the state. Some of the news is good, some not so good and some makes one scratch the head and wonder what it all means. Two new corporations entered the Alaska exploration industry in August, a trend started late last year as metal prices began their climb to current levels. August also saw the start of several new programs on a wide range of projects spread from the Seward Peninsula to southern Southeastern Alaska. The tally of the good, the bad...
I have had numerous people ask me the same question over and over again for the last month - "What's going on in Alaska; everyone is so quiet?" My response has been and remains the same - everyone is too busy breaking rocks, drilling holes or crushing ore to be bothered with new releases and grandiose public announcements. After all, it is high summer in the high north, a time of seasonal frenetic activity that makes the lot of us look and feel like a mouse in a habitat wheel! Despite the fact that a dozen or so companies...
December, January and February are normally a time when the mining industry can stop and catch its collective breath, look into its often cloudy but well-used crystal ball and prepare for the coming year. Not so the last December, January and February! While 2004 results continued to pour in from projects large and small, plans for 2005 are well advanced and in some cases, already in full swing. Metals prices remained strong and even the most pessimistic prognosticators...
Spending about $250,000 on its first phase of drilling this year, Bravo Venture Group hit the ground mid-May with a core drill to test three prospects on the Woewodski Island property in Southeast Alaska about 18 miles southwest of Petersburg. The 3,000 meter drill program will be completed mid-June, according to Jay Oness, vice president of investor relations for the Canadian junior, part of the Manex Group of mineral exploration companies. "We might increase that (drill work)," Oness told Mining News June 7. "We're getting...
Information continues to trickle in from 2002 exploration programs around the state with the final tally suggesting exploration expenditures for 2002 will come in at about the same or slightly higher levels as in 2001. As is most years, a few major projects expend the majority of the funds while many smaller projects move either forward toward increased funding or backward to the project bone yard. The big spenders in 2002 will be Donlin Creek, Pebble and Pogo while properties...
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...
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...
Results from the 2001 field season have begun to show up from around the state. At the same time, the number of rumors circulating via the Tundra Telegraph about results that have not been formally announced, has picked up. Fieldwork continues on a number of projects around the state but that early morning chill in the air is a harbinger of change in the near future. When the dust settles later this year, it will be clear that several new discoveries have been made in Alaska in 2001 and that several promising properties did...
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...
