The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 18 of 18
As the rest of the country suffers through the Dog Days of summer, Alaska is approaching the end of a topsy-turvy summer season that saw unseasonably hot, dry weather in some parts of the state during some parts of the summer, while other parts of the state have seen record rainfall and unseasonably early snowfall. Gold prices have skyrocketed over the $1,500 per ounce mark and silver prices have moved strongly up, now trading at a one-year high. However, copper and zinc are a...
While Pogo has surpassed its original life expectancy of 10 years and 3 million ounces of gold, the air of excitement emanating from the miners, geologists and management indicates that mining is just getting started at this high-grade underground gold mine in the heart of Alaska's Interior. Churning out 271,273 oz of gold from roughly 950,000 tons of ore in 2017, Pogo is on pace to pour its 4-millionth ounce of gold early in 2019 and based on current estimates would have enou...
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked...
A group of diverse global-scale mining companies hailing from Australia, Japan, and the United States are quietly exploring a relatively small region of Alaska's Interior. Two of these international players - Sumitomo Metal Mining and Newmont Mining Corp. - are seeking gold in the Pogo region of the Tintina Gold Belt. Melbourne-based MMG Ltd., on the other hand, is seeking nickel in the Wrangellia Terrane, a promising band of rocks immediately south of the legendary gold...
As gold exploration cools globally, the search for the precious metal is once again heating up in the larger Pogo Mine region of Interior Alaska. One of the reasons this region continues to be a hotbed of gold exploration is Sumitomo Metal Mining Pogo LLC’s success in finding and expanding new deposits of high-grade gold on its Pogo Mine property, which anchors the Goodpaster Mining District. Another dozen promising prospects found beyond the borders of the Pogo Mine claims a...
Great American Minerals Exploration Inc. has closed a landmark option agreement with Sumitomo Metal Mining that consolidates the Monte Cristo and Uncle Sam gold properties into a single 55,465-acre project about 40 miles west of the Pogo Mine in Interior Alaska. GAME, as the company is commonly known, is no stranger to the Pogo region. In fact, the privately held Nevada corporation staked its first claims there in 1997 and has held onto a position in the area ever since. This...
Anniversary celebrations, golden milestones and rising metals prices are providing Alaska's metal miners with plenty to cheer about in 2016. Roughly 1 million ounces of gold will be mined in Alaska this year, when you tally the amount of the precious metal produced at four of Alaska's large metal mines – Fort Knox, Pogo, Kensington and Greens Creek – and the placer aurum produced at the family-scale operations across the state. Fortunately for all these miners, gold shot up...
Sumitomo Metal Mining Pogo LLC - a joint venture between Japanese firms Sumitomo Metal Mining Company (85 percent) and Sumitomo Corp. (15 percent) -budgeted roughly US$10 million to continue to expand upon the high-grade gold zones at and around its Pogo Mine in Interior Alaska in 2016. This follows a US$15 million program in 2015 that further defined and expanded East Deep, North and South Pogo, three zones of high-grade gold mineralization adjacent to the current underground workings at the high-grade underground mine....
The owners of Alaska’s five large metal mines – Sumitomo Metal Mining Pogo, Hecla Mining Company, Kinross Gold Corp, Teck Resources Ltd. and Coeur Mining Inc. – accounted for nearly half the US$92 million of exploration spending in the state during 2014 and similar investments by these companies is providing solid footing for the Far North state’s mineral exploration sector this year. Avalon Development President Curt Freeman said he is seeing more mining majors shopping for d...
While the mineral exploration season in Interior Alaska typically runs from the time the ground dries in the spring, usually mid-May, until snow and cold weather make logistics too cumbersome and expensive in October, an increasing number of explorers are carrying out successful winter programs in this especially frigid region of the Far North State. Without a doubt, mounting a successful exploration program in temperatures cold enough to make metal brittle and with only...
Long, grueling, arduous, treacherous and painful are among the many adjectives, and sometimes expletives, used to describe the mining sector's nearly four-year bear market that is showing signs it is ready to hibernate. While Alaska's metal mines have not emerged from this enduring downturn unscathed, the sector remains largely intact and ready to ride metals prices higher. Together, Alaska's mines produced roughly US$2.76 billion of precious and base metals during 2015, down...
On Jan. 12, 2006, the first ore from high-grade underground gold reserves was fed into the mill at the Pogo Mine located near the community of Delta Junction in Alaska's Interior region. Ten years, four floods, two fires and some 3.1 million ounces of gold later, the operation is seen as an example of mining done right. Pogo General Manager Chris Kennedy shared a decade of travails and triumphs, and the lessons learned, during a presentation at the Jan. 21 Resource...
Sumitomo Metal Mining Co. (85 percent); Sumitomo Corp. (15 percent) General Manager: Chris Kennedy Senior Mine Geologist: Dave Larimer Sumitomo Metal Mining Pogo LLC - a joint venture between Japanese firms Sumitomo Metal Mining Company (85 percent) and Sumitomo Corp. (15 percent) - budgeted roughly US$15 million to explore the high-grade gold zones at and around its Pogo Mine in Interior Alaska in 2015. This follows a US$17 million program last year that further defined and expanded East Deep, North and South Pogo, three zon...
Slipping metals prices and investors' ongoing reluctance to risk venture capital in the junior mining sector is hitting Alaska's mineral exploration sector hard; and the Far North state is not the only mining jurisdiction reeling from this one-two punch. "After another year of strong headwinds in 2014, and with lower demand and overproduction continuing to depress metals prices, the mining industry's outlook for 2015 is unpromising at best," SNL Metals & Mining wrote recently...
Continuing its success in finding new deposits of high-grade gold in the shadow of the mill at the Pogo Mine located in Interior Alaska, Sumitomo Metal Mining Pogo - a joint venture between Sumitomo Metal Mining Company (85 percent) and Sumitomo Corp. (15 percent) - ramped up exploration spending at its Interior Alaska operation to US$17 million in 2014. "Some of the companies are reducing their exploration costs; we aren't doing that," Sumitomo Metal Mining Pogo General...
President, Sumitomo Metal Mining Pogo: Katsuya Tanaka Pogo General Manager: Chris Kennedy Pogo Geology Manager: Ken Puchlik Sumitomo Metal Mining Pogo LLC - a joint venture between Japanese firms Sumitomo Metal Mining Company (85 percent) and Sumitomo Corp. (15 percent) - is preparing to mine East Deep, a new zone of high-grade gold discovered in the shadow of the mill at the Pogo Mine in Interior Alaska. Since 2008, this high-grade underground mine, situated some 85 miles (137 kilometers) southeast of Fairbanks, has...
President: Nori Ushirone Pogo General Manager: Chris Kennedy Pogo Chief Geologist: Paul Jensen Looking beyond just replacing the more than 1,000 ounces of gold per day that it is recovering at its Pogo Mine, Sumitomo Metal Mining Pogo LLC - a partnership held 85 percent Sumitomo Metal Mining Co. Ltd. and 15 percent by Sumitomo Corp. - is seeking out other gold and silver deposits in Interior Alaska. This regional exploration was underscored by the gold-silver-antimony mineralization cut by the Japanese firms at their Stone...
Privately held company President: Nori Ushirone Pogo General Manager: Todd Roth Pogo Chief Geologist: Paul Jensen Sumitomo Metal Mining Pogo LLC, an 85/15 partnership between Sumitomo Metal Mining Co. Ltd. and Sumitomo Corp. is boosting the gold reserves at Pogo while seeking new deposits on the property surrounding the high-grade gold mine in Interior Alaska. The Tokyo-based miner planned about 40,800 meters of surface and underground drilling at Pogo in 2010. The 21,150-meter surface program split between...
