The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Dowa agrees to hand over SE Alaska project and pays American Pacific $10 million for guarantee on 50% of zinc concentrates from future mine. American Pacific Mining Corp. has entered into an agreement with Dowa Metals & Mining Alaska Ltd. to acquire 100% ownership of the Palmer copper-zinc-gold-silver project in Southeast Alaska. American Pacific gained a roughly 45% joint venture in Palmer through the 2022 acquisition of Constantine Metal Resources Ltd., which was advancing... Full story
Lists on the TSX Venture Exchange with flagship Red Mountain VMS project. Backed by big names in mineral exploration investment, Silver47 Exploration Corp. has emerged on the Alaska scene with a mission to significantly expand upon the 168.6 million ounces of silver-equivalent outlined so far at Red Mountain, a polymetallic volcanogenic massive sulfide project about 60 miles (100 kilometers) south of Fairbanks. "The objective of the company is to rapidly grow its resource... Full story
High-grade ore from Manh Choh elevates gold output at Interior Alaska mine above 149,000 oz during Q3. Kinross Gold Corp. Nov. 6 reported that its Fort Knox Mine in Alaska produced 149,093 ounces of gold during the third quarter of 2024, which is more than double the 69,914 oz produced during the previous three-month period and the 71,611 oz produced during the third quarter of 2024. This significant jump in production at the iconic mine about 20 miles north of Fairbanks,... Full story
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...
Granite Creek assembles the catalyst-rich projects, scientific expertise to become a first mover in the geological hydrogen space. A belt of rocks spanning the Southeast Alaska Panhandle hosts at least a dozen prospects and deposits enriched with nickel, copper, and platinum group metals (PGM) needed for the energy transition. Could these projects also host hidden stores of geological hydrogen that could offer a clean-burning fuel for the 21st century? Granite Creek Copper... Full story
Acquisition comes with a high-grade, low-cost Mexico mine that is expected to boost Coeur's silver, gold, and cash production. In a deal that will elevate its silver production to roughly 21 million ounces per year and gold output to 432,000 oz/y, Coeur Mining Inc. has agreed to acquire SilverCrest Metals Inc. in an all-shares deal worth $1.7 billion. "The acquisition of SilverCrest creates a leading global silver company by adding low-cost silver and gold production and...
"In It For the Long Haul Backhaul Project" transports old appliances, electronics, batteries, and hazardous waste from Y-K Delta villages. In Alaska's urban centers, an old refrigerator, computer, or television is simply dropped off at a recycling center – and in many cases, the seller of your new appliance will cart away the old one for you. For remote Alaska villages that are hundreds of miles from the nearest recycling center, however, it is neither convenient nor e... Full story
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,...
While construction and development remain on schedule, pre-production costs trend higher at B2Gold's gold mine project in Nunavut. With construction and development at Goose near completion and the final 2024 supply shipments expected to be offloaded by the end of the month, B2Gold's first mine to be developed on its Back River project in Nunavut remains on track to pour its first gold bar by mid-2025. The costs to get to the first gold pour at Goose, however, continue to...
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...
Alaska Energy Metals has partnered with the Colorado School of Mines and Virginia Polytechnic Institute to answer that question. Alaska Energy Metals Sept. 18 announced that it has partnered with the Colorado School of Mines and Virginia Polytechnic Institute to determine how much carbon dioxide a mine at its Nikolai project in Alaska could capture and store while also providing a domestic supply of nickel, copper, cobalt, and platinum group metals (PGMs) for the energy... Full story
Grid Connect Project aims to deliver affordable energy, unlocking potential for mining and economic development. The recent federal investment of C$60 million (US$44.2 million), including C$40 million (US$29.7 million) earmarked for connecting Yukon to the North American power grid, is being welcomed as a promising step toward addressing the territory's longstanding energy challenges, with local industries, particularly mining companies, seeing this infrastructure upgrade as... Full story
With underground mine development running behind schedule, the company suspends gold recovery operations at the Northern B.C. mine. In a situation that is less than ideal for a junior mining company that is transitioning from exploration and development to gold producer, Ascot Resources Ltd. has suspended milling operations at Premier to focus on underground mining at its high-grade gold-silver project in Northern British Columbia. Located about 15 miles (25 kilometers) north...
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... Full story
Second campaign expected to generate another 10,000 oz of gold for Contango Ore, which will fund other direct shipping ore mines in Alaska. After receiving roughly $32 million of gold and silver in August from the first direct shipping ore processed under its hybrid royalty model, Contango Ore Inc. reports that Kinross Gold Corp. is processing the second batch of high-grade ore from Manh Choh through the mill at its Fort Knox Mine north of Fairbanks, Alaska. "It is great to... Full story
Alaska-focused mineral exploration and development company highlights sustainability in latest Whistler gold-copper project update. Toward its ultimate goal of unlocking the value of Whistler, U.S. GoldMining Inc.'s 2024 program at this large gold-copper project about 100 miles northwest of Anchorage, Alaska, has three components – resource upgrade and expansion, environmental baseline studies, and stakeholder engagement. "Tracking in parallel with our technical programs at W...
Contango ORE receives $32.2 million of gold and silver from the first direct shipping ore processed under its hybrid royalty model. Since the July 8 pouring of the first bar of gold, the Kinross Alaska mill recovered approximately 55,000 ounces of gold and 11,000 oz of silver from ore shipped from Manh Choh, a mine being operated under the Peak joint venture between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%). For Contango, this marks the first revenue generated...
A graphite supply agreement struck with Lucid Motors provides a key link to forging a mine-to-EVs supply chain. Graphite One Inc. has struck a battery materials supply agreement with California-based electric vehicle manufacturer Lucid Motors that is expected to forge a complete mine-to-EVs graphite supply chain with links in Alaska, Ohio, and Arizona. Alaska's delegation in Washington, D.C., is hailing this battery materials agreement as a win both for America's 49th State an...
Manh Choh underscores the potential of Contango's Hybrid Royalty Model to unlock the value of orphaned high-grade mineral deposits. The pouring of the first bar of gold from the Manh Choh Mine was a momentous occasion for Contango ORE Inc., Kinross Gold Corp., Tetlin Village, and others involved in the development of Alaska's newest gold mine. Two unique business models that led to the early July gold pour, however, could be more valuable than the 600 ounces of gold in the...
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...
Company maintains stance that it has no intention of leaving the site. The Yukon government has filed an application to place Victoria Gold Corp. into receivership, seeking control over the company and its Eagle Gold Mine, following the June 24 heap leach failure that resulted in cyanide contamination. Amid escalating scrutiny and financial strain, Victoria Gold has declared its intention to contest the government's move in court. The government's decision to pursue...
Straightforward and low-cost ore sorting and jig circuits could produce 20% copper concentrates. Recent testing has demonstrated that a simple and inexpensive two-step process could elevate the high-grade copper mineralization that American West Metals Ltd. has outlined in near-surface deposits at its Storm project in Nunavut into a high-quality direct shipping ore (DSO) ready for market. "The program has produced commercial grade DSO products from typical copper ores through...
Board resigns, and shareholders pull out after court-ordered receivership, impelling company to yield. "It's over. Victoria is done," CEO John McConnell said in an interview with CBC on the day after Victoria Gold Corp. was placed into receivership and the Yukon government took the lead on rehabilitating the Eagle Gold mine site. "They brought in a team to take over from us," he added. The court decision comes less than two months after the failure of the heap leach pad at...
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...
Northern Star's Alaska mine outperforms on all fronts. Northern Star Resources Ltd. July 25 reported that its Pogo Mine in Alaska produced a record 92,078 ounces of gold during the second quarter of calendar year 2024, a 13% increase over the 81,322 oz produced during the same period last year and an enormous 58% climb from the 58,432 oz recovered during the previous quarter. "Pogo in Alaska delivered an exceptional quarter," Northern Star Managing Director and CEO Stuart...
