The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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With demand outstripping supply, price for Alaska's highest-valued mined product sets up bright 2025 for 49th State and Red Dog. Rising demand and a three-year-long slide in supply are pushing up the price of zinc, which is good news for zinc-producing jurisdictions like Alaska but not so much for the buyers of this galvanizing metal widely used for renewable energy and transportation infrastructure, automobiles, and a wide array of other applications. Potential supply...
Partnership outlines plans for sustainable development and regional growth at Pine Point. In a move set to reshape the economic landscape of the Hub of the North, Pine Point Mining Limited (PPML) and the Town of Hay River have signed a memorandum of understanding to advance the revival of the historic Pine Point zinc-lead project, establishing a framework for sustainable development and local opportunity in the Northwest Territories. Located along the southern shore of Great...
Northwest Alaska mine on pace to deliver 1.25 billion lb of zinc to global markets in 2024. Teck Resources Ltd. July 23 reported that its Red Dog mine produced 427,200 metric tons (941.8 million pounds) of zinc over the first nine months of 2024, putting this high-grade operation in Northwest Alaska on pace to supply markets with around 569,300 metric tons (1.25 billion lb) of this critical metal this year. During the third quarter, Red Dog produced 142,500 metric tons (314.2...
The Teck-funded C$18.7 million program is focused on collecting the data needed to finalize prefeasibility study for Northern BC copper mine. Copper Fox Metals Inc. Sept. 24 reported that Teck Resources Ltd. has completed the 2024 field program at the Schaft Creek copper-gold-silver-molybdenum project in Northern British Columbia. Being advanced under a joint venture between Teck (75%) and Copper Fox (25%), Schaft Creek hosts a large porphyry deposit containing 1.35 billion...
First Nation-leased solar powers Yukon mining project, reducing emissions and supporting local economic growth. In an effort to reduce emissions and enhance sustainability, Fireweed Metals Corp., Dena Nezziddi Development Corporation (DNDC), and Solvest Inc. have partnered to install a renewable power system at Macpass Camp, a move that advances clean energy integration at the Macmillan Pass (Macpass) zinc-lead-silver exploration project in Yukon, Canada. Based in Ross River,...
Splits copper and zinc mines and exploration projects by North and Latin American regions; reorganizes executive team. Teck Resources Ltd. Sept. 1 restructured its business and executive management team to support its shift to a pure-play energy transition metals company focused on growth. This transition began with closing the sale of its steelmaking coal business to Glencore for $7.3 billion cash in July. With this sale, Teck's portfolio consists primarily of copper and...
Investments will support infrastructure for critical mineral projects in the Golden Triangle and the Yukon. Toward the goal of positioning Canada as a global leader in the production of minerals essential to the clean energy transition, Ottawa is investing C$60 million (US$44.2 million) in energy and transportation infrastructure in the Yukon and British Columbia's Golden Triangle. "These investments are needed to support critical minerals development in the region, improve co...
Original computer semiconductor now energizes space ambitions. Germanium is a versatile and powerful semiconductor that traces its technology roots back to the dawn of the Digital Age and continues to lend its superlative semiconducting and optical properties to enhancing computers, smartphones, solar panels, fiber optics, and other devices 80 years later. In 1945, Sylvania introduced the first germanium diode to enhance the vacuum tube computers that launched the Digital...
Canadian miner cuts deal with ZincX to conduct metallurgical testing of material from Cardiac Creek zinc deposit in Northern BC. ZincX Resources Corp. Aug. 19 reported that Teck Resources Ltd. is carrying out advanced metallurgical testing of material from the Cardiac Creek zinc-lead-silver deposit on its Akie project in Northern British Columbia. The Cardiac Creek sedimentary exhalative (SEDEX) deposit hosts 22.7 million metric tons of indicated resource averaging 8.32% (4.16...
Mining's benefits to the state's economy are poised to grow as the world seeks sustainable sources of the minerals Alaska is enriched with. A new study carried out by Alaska-based McKinley Research Group found that mining and minerals exploration contributed over $2.5 billion to Alaska's economy during 2023. "The mining industry continues its role as a powerhouse of Alaska's economy, partnering with local communities to drive significant economic benefits and support...
Northwest Alaska mine heads into second half of the year on track to hit Teck's upper guidance for zinc and lead. Teck Resources Ltd. July 23 reported that its Red Dog mine in Northwest Alaska produced 284,700 metric tons (627.6 million pounds) of zinc and 54,300 metric tons (119.7million lb) of lead over the first six months of 2024, which puts the Northwest Alaska operation on pace to hit the upper end of the metals production guidance established by Teck in February....
Governments commit C$195 million to improving highway infrastructure in critical minerals-rich Northern BC. Heralded as a win for First Nations residents and the mining industry in Northern British Columbia, the federal and provincial governments are investing C$195 million (US$142.6 million) to upgrade highway infrastructure in the critical minerals-enriched Golden Triangle. "The Northwest BC Highway Corridor Improvements Project will benefit a critical mineral region and...
$18.7 million Teck-funded program at Northern B.C. copper project includes camp upgrades, engineering work, and environmental studies. Copper Fox Metals Inc. June 17 reported that a C$18.7 million (US$13.6 million) program funded and operated by Teck Resources Ltd. is in progress at the Schaft Creek copper-gold-molybdenum-silver project in Northern British Columbia. "The 2024 program is underway and will position the Schaft Creek project to progress toward the start of the...
5-person camp will serve as headquarters for 2024 exploration at Teck, Korea Zinc's Cirque project. ZincX Resources Corp. April 30 announced that Teck Resources Ltd. is renting its Akie camp to support mineral exploration in Northern British Columbia. The Akie camp was established to support exploration along ZincX's expansive land package that includes 11 zinc exploration properties covering a 140-kilometer- (87 miles) long stretch of the Kechika Trough in northcentral B.C....
Northwest Alaska mine produces 319.7 million lb of zinc during the first three months of the year. Teck Resources Ltd. April 25 reported that its Red Dog mine produced 145,000 metric tons (319.7 million pounds) of zinc and 25,400 metric tons (55.8 million lb) of lead during the first quarter, which puts the Northwest Alaska operation on pace to come in at the upper end of the company's annual production projections for both metals. Red Dog's first-quarter zinc output is about...
The world's first zinc mine to meet the high ESG standards to be awarded this mark of sustainability. Teck Resources Ltd.'s Red Dog Operations in Northwest Alaska is the world's first zinc mine to be awarded the Zinc Mark, a certification that the facility meets high environmental, social, and governance standards. Accounting for more than 4% of global zinc production – along with lead, silver, and germanium byproducts – Red Dog is the largest critical minerals mine in the...
Zinc contributed most to state's mine production value during 2023; gold is poised to take the crown and make run toward 1 million ounces per year. At a value of $1.5 billion, zinc held onto its throne as the most valuable metal produced in Alaska during 2023. With production forecasts and price trends headed in opposite directions for zinc and gold, however, the gleaming precious metal that drew fortune-seekers North at the turn of the 20th century could soon regain the...
Board assigns 15 goals to corporate "report card" for 2024; half the grade hinges on performance at KSM, including entering into a JV by year's end. Seabridge Gold Inc. April 11 announced that its primary objective for 2024 is to enter into "a joint venture agreement on the KSM project with a suitable partner on terms advantageous to Seabridge shareholders." Each year, Seabridge's board of directors assembles a list of objectives for which to measure the company's annual...
Don Lindsay Teck Award in Mining Engineering contributes $2 million to foster the next generation of mining talent at UBC and Queen's University. In a fitting tribute to former president and CEO Don Lindsay, Teck Resources Ltd. has awarded C$2 million to establish scholarships for mining engineering students at Canada's two largest mining schools – the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia and the Robert M. Buchan Department of...
Hopes to maintain share price to invest in Quebec copper project. Osisko Metals Inc. Feb. 22 announced the sale of an additional 5% interest in the Pine Point zinc mine project in Northwest Territories to its joint venture partner Appian Capital Advisory LLP, hoping the funds will enable the company to advance its Gaspé Copper project in Quebec without further diluting its stock. "The sale of the additional five percent interest in Pine Point to Appian will allow the company...
Zinc production is expected to trend downward as ore grades decline over the coming four years. Teck Resources Ltd. Feb. 21 reported that its Red Dog Mine in Northwest Alaska produced 1.19 billion pounds of zinc in 2023 and forecasts similar output this year. Starting in 2025, however, zinc production from this operation, which accounts for more than 4% of the world's supply of this galvanizing metal, is expected to begin dwindling. The company attributes the coming decrease i...
Aims for inaugural drilling of new copper-gold prospect in B.C.'s Golden Triangle later this year. Skeena Resources Ltd. Feb. 8 announced plans for 14,000 meters of drilling on its earlier-staged exploration properties in the Golden Triangle, including the 74,633-hectare (184,422 acres) Hoodoo copper-gold project about 50 kilometers (30 miles) northwest of the company's Eskay Creek gold-silver mine project. Located about midway between Skeena's high-grade Snip gold project...
As a mineral-rich Canadian province and a top global hub for mineral exploration and mining, British Columbia has the geology and technical expertise to be a global powerhouse when it comes to supplying the minerals and metals needed for the clean energy transition. Canada's westernmost province, however, has been lagging many of its mining peers when it comes to a cohesive strategy to take full advantage of the generational opportunity on its doorstep. The provincial...
Osisko Metals Inc. Jan. 16 announced the remaining results from its 2023 drill program at its Pine Point zinc-lead project under its Pine Point Limited joint venture in Northwest Territories-results the company expects to incorporate into a new mineral resource estimate sometime in the first quarter. Early last year, London-based Appian Capital Advisory LLP agreed to invest as much as C$100 million (US$74 million) to earn up to a 60% JV interest in the newly formed Pine Point...
With $444 million invested over the past three years, Seabridge files an application to upgrade status of KSM, ensure the longevity of EAC. After investing nearly C$1 billion (US$740 million) into KSM over the past two decades, including C$444 million (US$328 million) over the past three years, Seabridge Gold Inc. has applied to have the status of this world-class gold-copper project in Northern British Columbia elevated to "substantially started." A substantially started...
