The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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On Feb. 22, 2022, Teck Resources Ltd.'s Red Dog Mine in Northwest Alaska became the largest critical minerals operation in the United States, both in terms of quantity and value of the materials produced at this world-class base, precious, and critical minerals operation. Being catapulted to America's top dog when it comes to critical minerals production is not due to the germanium produced, though this semiconductor metal vital to ultrafast computing and communications is...
From antimony historically mined near the Interior Alaska city of Fairbanks to the zinc and germanium produced at the Red Dog Mine, America's 49th State is a past producer, and a potential future source of the minerals and metals deemed critical to the United States. Earlier this year U.S. Geological Survey updated and expanded its list of critical minerals to include 50 minerals and metals essential to the economic or national security of the U.S. and which has a supply...
Teck Resources Ltd. Oct. 27 reported another quarter of rising zinc production and revenues from its Red Dog Mine in Northwest Alaska. During the third quarter of this year, Red Dog produced 157,800 metric tons (347.9 million pounds) of zinc, nearly 10% higher than the 143,800 metric tons (317 million lb) produced during the previous quarter and a 34% jump over the 118,000 metric tons (309.3 million lb) produced during the same period of 2021. Third quarter lead production at...
For this special spooky edition, North of 60 Mining News is revisiting some of the most bizarre and disturbing ghost towns in its northern coverage area. From one of the most haunted places in Alaska to a practically unknown trading post in Nunavut, enjoy this eerie account of places that once thrived but are now all but forgotten with nary the skeleton of infrastructure to prove its existence. Let us peer into the oftentimes short-lived bastions of civilization that, for...
Tech metalloid boasts superior semiconductor, optical qualities From NASA's Gateway space station that will serve as a critical outpost circling the Moon to more down-to-Earth applications such as quantum computers that are millions of times faster than their classical counterparts and fiber optic cables that send data at the speed of light, germanium is among the techiest of the tech metals. "The extensive use of germanium for military and commercial applications has made it...
A blue-collar metal that is vital to weatherizing envisioned green energy future Critical minerals are typically thought of as obscure rare earth elements cloaked in geopolitical intrigue, or exciting metals and metalloids that have risen to stardom due to the special properties they bring to cutting-edge technologies such as quantum computing, smartphones, renewable energy, and electric vehicles. Zinc – a blue-collar metal better known for galvanizing guardrails, light p...
Teck Resources Ltd. July 26 reported another quarter of strong zinc production and revenues from its Red Dog Mine in Northwest Alaska. During the second quarter of this year, Red Dog produced 143,800 (317 million pounds) of zinc, 9% higher than the 131,600 metric tons (290.1 million lb) produced during the first quarter of this year and a slight increase over the 140,300 metric tons (309.3 million lb) produced during the same period of 2021. Second quarter lead production at...
With zinc prices on the rise and strong production of the galvanizing metal, the Red Dog Mine in Northwest Alaska generated strong profits for Teck Resources Ltd. and revenues for NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation for Northwest Alaska. During the first quarter of this year, Red Dog produced 131,600 metric tons (290.1 million pounds) of zinc, a roughly 10% increase over the 119.7 metric tons (263.9 million lb) produced during the...
Osisko Metals Inc. July 13 announced the results of an updated preliminary economic assessment for the company's Pine Point zinc project in Northwest Territories, Canada. The objective of this updated PEA was to integrate updated long-term prices for zinc and lead, increased mined resources, cost escalations in capital and operating expenses, as well as reduced life-of-mine water management costs that resulted from the recently completely hydrogeological model. The latter...
With global zinc demand outpacing supply and the transition to renewable energy creating even more need for the galvanizing metal, Teck Resources Ltd. has launched an initiative to realize value from its portfolio of world-class zinc development assets – most of which are in Alaska and Northern British Columbia. "The market outlook for zinc is strong, due to declining production from existing primary zinc mines, underinvestment in global exploration for zinc, and long-term d...
Copper Fox Metals Inc. April 19 reported plans to carry out 5,000 meters of drilling this summer at the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. Being advanced under a joint venture between Teck Resources Ltd. (75%) and Copper Fox (25%), Schaft Creek hosts 1.35 billion metric tons of measured and indicated resources averaging 0.26% (7.76 billion pounds) copper, 0.17 grams per metric ton (7 million ounces) gold, 1.25 g/t (54.3...
On the heels of a productive exploration season in 2021 at the MacMillan Pass Project in Yukon Territory, Fireweed Zinc Ltd. has attracted additional capital from lead shareholders, including Australia-based Ibaera Equity Group and Teck Resources Ltd. The new infusion of capital – C$9.7 million in March and C$5.2 million in December – acknowledges the giant-sized zinc-lead-silver potential of the 940-square-kilometer package of mining claims now emerging in a fertile cor...
Osisko Metals Inc. March 21 announced the latest results from the late 2021 definition drill program at its Pine Point project in Northwest Territories, Canada. After taking over Pine Point in 2018, Osisko completed a 2020 preliminary economic assessment that outlined a mine that could yield an average of 327 million pounds of zinc and 143 million lb of lead annually over an initial 10-year mine life. Presently, Osisko is nearing completion of an updated PEA that will include...
Seabridge Gold Inc. Feb. 26 announced that it has secured US$225 million (C$285 million) to advance its world-class KSM copper-gold-silver project in British Columbia's Golden Triangle to the status of "substantially started." Sprott Resource Streaming and Royalty Corp. ("Sprott") and Ontario Teachers' Pension Plan have agreed to purchase a US$225 secured note from KSM Mining ULC, a Seabridge subsidiary, that these investors can exchange for a 60% gross silver royalty for the...
Copper Fox Metals Inc. March 7 reported that the 2021 metallurgical drilling carried out at Schaft Creek cut both bulk tonnage and higher-grade mineralization at this large porphyry copper-gold-molybdenum project in British Columbia's Golden Triangle. "The drilling intersected several near surface higher-grade intervals of mineralization and has confirmed continuity and grade of the mineralization between existing drill holes and provides additional confidence in the geologica...
Alaska mines produced roughly $3.89 billion worth of nonfuel minerals last year, a 23% increase over the estimated $3.16 billion produced in the 49th State during 2020, according to Mineral Commodity Summaries 2022 published by the United States Geological Survey on Jan. 31. The rise in Alaska mine production value is largely due to increased zinc and gold production, along with strong metals prices last year. According to early estimates by the Alaska Division of Geological...
VANCOUVER – Pacific Ridge Exploration Ltd. Dec. 29 said it has amended the terms of an agreement that gives BMC Minerals Ltd. an option to purchase Pacific Ridge's Fyre Lake property in Yukon Territory. BMC is a private United Kingdom-based resource company that is developing the Kudz Ze Kayah volcanogenic massive sulfide project in southeast Yukon. The project is designed to operate for at least nine years, producing high-grade zinc, copper, and lead concentrates with signifi...
Osisko Metals Inc. Jan. 25 announced the newest results from the ongoing in-fill drill program at its Pine Point project in Northwest Territories, Canada. Located just south of the Great Slave Lake, Pine Point is home to a former mine operated by Cominco – now called Teck Resources – that produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore during a roughly 24-year span beginning in 1964. Osisko, which picked up the pro...
With the completion of the buyout of GT Gold Corp., Newmont Corp. has bolstered its portfolio of copper and gold projects in Northern British Columbia and the Yukon. "With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio," said Newmont President and CEO Tom Palmer. Newmont first grabbed a solid foothold in the Golden Triangle with the...
Despite a season challenged by heavy rains and an early snowstorm, the massive amount of exploration carried out in Northern British Columbia during 2021 piled loads of drill core and surface samples on assay labs already severely backlogged by COVID-19 protocols and restrictions that slowed the flow of samples in and data out of these facilities. Just how busy was the 2021 exploration season across the northern half of BC? According to North of 60 Mining News calculations,...
Advancing the historic Pine Point project, Osisko Metals Inc. spent 2021 proving that the zinc-lead project had more to give, on a zinc-only basis, enough to give that could rank it within the top ten in the world. Formerly mined under Cominco (now Teck Resources), Pine Point – roughly 26 miles (42 kilometers) east of Hay River, Northwest Territories – produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore averaging abo...
While much of Teck Resources Ltd.'s investment and focus during 2021 was on the implementation of its long-term sustainability strategy, the British Columbia-based miner continued to carry out exploration behind the scenes. In Alaska, Teck operates the Red Dog zinc mine on lands owned by NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation for the Northwest Arctic region where the world-class operation is located. This operation, which produces...
While copper may be the new oil of the green energy revolution, a wide variety of industrial minerals and metals found in abundance in Alaska will be needed to build the envisioned low-carbon future. In a 2021 report on the minerals and metals critical to low-carbon energy and transportation, the International Energy Agency estimates that a typical passenger electric vehicle requires six times the mineral inputs of a conventional internal combustion engine car and an onshore...
The Red Dog Mine has been a gamechanger for the more than 15,000 Iñupiat shareholders of NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation that owns the world-class Red Dog deposits in Northwest Alaska that are the source of nearly 5% of the world's new zinc supply each year. The revenues from shipping out more than 1 billion pounds of zinc annually, along with healthy portions of lead, silver, and minor amounts of germanium, have served as a...
Osisko Metals Inc. Nov. 24 reported the latest results from the current in-fill drill program at its Pine Point project in Northwest Territories, Canada, including an intersect that cut six meters grading 20.06% zinc, and 0.72% lead. Located just south of the Great Slave Lake, Pine Point is home to a former mine operated by Cominco (now Teck Resources) that produced roughly 14 billion pounds of zinc and 4 billion lb of lead from around 64 million metric tons of ore during a...
