The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1076 - 1100 of 3020
NG: TSX / NG: NYSE-MKT Chairman: Thomas Kaplan President and CEO: Gregory Lang Senior Advisor to President: Gil Leathley With its attention focused primarily on advancing Donlin Gold through the permitting process, Novagold Resources Ltd. dialed back its exploration in 2014. In January, the company released results from a 2013 drill program focused on assessing the extent of the recently discovered Legacy zone at its 50 percent owned Galore Creek copper-gold project in northwestern British Columbia. This program included 22...
PGD: TSX Chairman and CEO: Eric Friedland President: Brooke Clements Chief Geoscientist: Jennifer Pell Peregrine Diamonds Ltd. focused its 2014 exploration on readying promising kimberlites at its Chidliak diamond project for bulk sampling in 2015. Since 2008, more than 67 kimberlites have been found on the 748,000-hectare (1.85 million acres) Chidliak property, eight of which are considered to be potentially economic. In May, Peregrine announced a maiden NI 43-101-compliant inferred resource of 2.9 million metric tons...
PVG: TSX President and CEO: Robert Quartermain Chief Development Officer: Joseph Ovsenek, Chief Exploration Officer: Kenneth McNaughton Pretium Resources Inc. is focused on reaching commercial production at its high-grade Brucejack gold-silver project by 2016. Located 65 kilometers (40 miles) north-northwest of Stewart, B.C is part of a largely unexplored land package of more than 103,000 hectares (254,518 acres). The Valley of the Kings deposit at Brucejack contains 15.3 million metric tons of measured and indicated...
RK: TSX.V Chief Executive Officer: Matthew Turner President: Rob Carne Chief Operating Officer: Ian Talbot Rockhaven Resources Ltd. released a steady stream of high-grade gold and silver assays from drilling at the Western BRX zone of its Klaza property in southern Yukon Territory over the 2014 field season. As a result of raising an additional C$1.245 million through an exercise of warrants at the end of July, Rockhaven increased it originally planned 12,000-meter drill program at Klaza to 21,000 meters. The Western BRX...
SBB: TSX President and CEO: Robert Pease Vice President, Project Development: Wes Carson Vice-President, Exploration: Angus Campbell With the goal of evolving from an exploration company to mid-tier gold producer, Sabina Gold & Silver Corp. budgeted C$23 million for the 2014 field program at its Back River gold project in western Nunavut. The primary objective of the 2014 work program was to complete definition and expansion drilling at Echo, one of four deposits that comprise mineral resources at the Goose Property and is...
Chief Executive Officer: Richard Li Exploration Manager: Jelle De Bruyckere Selwyn Chihong Mining Ltd.., a Canadian subsidiary of Yunnan Chihong Zinc & Germanium Co. Ltd., is marching the Selwyn zinc-lead project in western Yukon Territory towards production. Yunnan Chihong Zinc & Germanium formed a joint venture with Selwyn Resources Ltd. on the project in 2009. The southern China-based mining and smelting company subsequently invested C$100 million to earn a 50 percent interest in Selwyn and then bought the other half of...
Sumitomo Metal Mining (95 percent), Sumitomo Corp. (5 percent) Stone Boy Inc., owned by subsidiaries of Sumitomo Metal Mining (95 percent) and Sumitomo Corp. (5 percent), continues to seek high-grade gold on claims in the area of the Pogo gold mine in Interior Alaska. The Stone Boy partners have been exploring the larger Pogo district since 1991. This includes recent drilling on the Monte Cristo property, located roughly 40 miles (65 kilometers) west of Sumitomo Metal Mining's Pogo gold mine, and the Ink claims, situated a...
TCK: NYSE / TCK.B: TSX Chairman: Norman Keevil President and CEO: Don Lindsay Vice President, Exploration: Alex Christopher Teck Resources Ltd. continued robust zinc exploration in Alaska and British Columbia, while dialing back expenditures at many of its copper exploration and development projects during 2014. The discovery and delineation of high-grade deposits near its Red Dog Mine in Northwest Alaska continues to be a primary focus of Teck's zinc exploration. Going into 2014, Red Dog had 45.4 million metric tons of ore...
TXR: TSX.V President and CEO: Joseph Campbell Vice President, Exploration: Tom Setterfield Chief Financial Officer: Stuart Rogers TerraX Minerals Inc. is focused on exploration of its Yellowknife City Gold Project, a 93.5-square-kilometer (36.1 square miles) land package immediately north of the Northwest Territories capital. The property consists of five claim groups that TerraX has assembled since early 2013. The company's 2014 exploration focused on the Northbelt property, which covers 13 kilometers (eight miles) of...
Executive Chairman: Terry MacGibbon Chief Executive Officer: Catharine Farrow Vice President, Exploration and Geoscience: Dave King TMAC Resources Inc. is a privately held, Canadian-based mineral exploration focused solely on the exploration, development and mining of its Hope Bay gold project in the Kitikmeot region of Nunavut. TMAC acquired the Hope Bay project from Newmont Mining Corp. in 2013. The project blankets most of the 80-kilometer- (50 miles) long Hope Bay greenstone belt, located within the Bathurst structural...
UCU: TSX.V President and CEO: Jim McKenzie Chief Operating Officer: Ken Collison Vice President, Business Development: Mark MacDonald Ucore Rare Metals Inc. carried out 2014 exploration programs at both its Bokan-Dotson Ridge rare earth elements project in Southeast Alaska and Ray Mountain REE-tin project in the Interior region of the state. A C$7.8-million private placement completed in April, along with C$2.8 million of working capital Ucore had on the books at the end of March, is anticipated to provide ample funds to meet...
VIT: TSX.V Chairman: T. Sean Harvey President and CEO: John McConnell Executive Vice President: Mark Ayranto Victoria Gold Corp. is focused on the exploration and development of its Dublin Gulch property in central Yukon Territory. The Eagle gold deposit at Dublin Gulch is permitted to begin mine construction. According to a feasibility study completed in 2012, an open-pit mine and valley heap leach operation at Eagle would produce 192,000 ounces of gold annually for roughly nine years, based on probable reserves of 92...
WG: TSX.V President and CEO: Greg Johnson Senior VP and COO: John Sagman VP, Corporate Development: Rob Bruggeman Wellgreen Platinum Ltd. (formerly Prophecy Platinum) is endeavoring to develop a mine at its namesake platinum group metals-copper-nickel project located near the Alaska Highway in southwestern Yukon Territory. A preliminary economic assessment prepared for the Wellgreen project in 2012 outlines plans for a 32,000-metric-tons-per-day operation producing 1.96 billion pounds nickel, 2.06 billion pounds copper and 7....
On the surface, the U.S. Environmental Protection Agency's endeavor to halt the development of the Pebble Mine in Southwest Alaska has the appearance of a federal agency doing its job - protecting the environment. Pebble developers contend that under this thin but durable veneer lies a secretly crafted plan, not only to stop development of a mine at Pebble, but to lay the groundwork for a larger initiative that would broaden EPA's powers. "It lets EPA zone America - zone...
In an industry eager for even a scintilla of good news, a recent report from industry analyst SNL Metals & Mining recently gave the good-news-starved industry a bit of hope. SNL's article, titled, "Too early to start celebrating a recovery in the sector," indicated that although the downward trend in mineral exploration has not broken yet, the market has stopped down-grading mining equities, with a modest gain in market capitalization since its most recent low in mid-2013....
With the Ebola scare and the ISIS incursions dominating the international news and the various races for control of the Senate sucking all of the air out of the room domestically, it is easy to lose sight of the serpent slithering across America hissing and rattling and threatening to wreak destruction on all who would get in its way. The snake in the woodpile is the Environmental Protection Agency, and its current insidious objective is to leverage its dominion over all land...
Yukon Territory, lauded in recent years for its mine-friendly business climate, boast three operating mines coming online in the past seven years as well as strong prospects for more than doubling that number by 2020. Yet all three mines have hit rough patches in their operations in 2014 for distinctly different reasons. "It's been a little bit challenging for each of the producing mines this year," observed Robert Holmes, director of the Mineral Resources Branch of Energy, Mines and Resources in the Government of Yukon in...
Two companies that trace their roots to the oil and gas sector have agreed to form an alliance to continue exploration at the Tetlin gold-copper-silver property in Alaska's eastern Interior. In early October, Contango Ore Inc. announced that it inked a deal with Royal Gold Inc. that provides the Colorado-based royalty company the opportunity to earn up to a 40 percent interest in Tetlin. The agreement, which awaits final approval from Contango Ore shareholders, calls for the f...
Baffinland Iron Mines Corp. commenced mining operations in September at its Mary River iron ore mine located on northern Baffin Island, Nunavut. Mary River is one of the world's richest and largest iron ore deposits in development and contains roughly 365 million metric tons of high-grade ore. The current mine is extracting ore from the first of nine known high-grade iron deposits on the property. The first load of ore was transported Sept. 8 to the company's port site, which is under construction at Milne Inlet. There it...
Government policymakers in Canada and the Northwest Territories are joining mining companies in preparing for an employment boom that economists predict will swamp the North in the next three to five years. The anticipated surge in jobs is part of a nationwide wave of employment growth expected in the next decade. Canada will need 145,000 new workers in the mining sector along with 300,000 new workers in construction and 150,000 new workers in petroleum. The mining-driven Northwest Territories economy generates nearly 50...
When it comes to allocating a limited number of exploration dollars, Coeur Mining Inc.'s strategy is to funnel the money to projects that have demonstrated the ability to turn those dollars into precious metal. And, for 2014, the Kensington Mine in Southeast Alaska is where the bulk of the company's exploration dollars are flowing. When Coeur put together budgets for 2014, the precious metal miner allocated roughly US$25 million for exploration at six operating mines, two...
The Government of Northwest Territories has implemented a new Mining Incentive Program that was oversubscribed by midyear, with strong interest shown by companies and prospectors in the Northwest Territories and across Canada. "The Mining Incentive Program helps our government support those with the energy, expertise and perseverance that this industry relies on to conduct mineral exploration in an environmentally sustainable way," said GNWT Industry, Tourism and Investment Minister David Ramsay. "I especially look forward...
Although mineral exploration and development activities continue around the state, year-end total expenditures are beginning to gel, and we are getting an increasingly clear picture of just what sort of year it has been for the Alaska mining industry. For the producing metal mines, gross and net revenue are down over last year, largely due to significant decreases in the spot prices for those metals, with gold down almost 15 percent and silver down almost 25 percent over...
All the rhetoric in the world will not be sufficient to mobilize the electorate to get off its collective derrière and fulfill its sacred duty to vote, unless the subject matter strikes a personal chord. I am mindful of the recent plebiscite in the United Kingdom where the question was up or down of whether Scotland should cease to be a part of Great Britain. Well over 80 percent of the eligible voters actually cast their ballots, and in some jurisdictions the vote...
Taseko Mines' Aley project in northern British Columbia is one step closer to diversifying the global supply of niobium, a strategic metal that currently is mined almost exclusively in Brazil. In mid-September, the company provided a broad blueprint for developing a mine at Aley that would produce roughly 9,000 metric tons of niobium per year. In addition to providing a new North American source for niobium, a mine at Aley also would play a role in expanding and diversifying...
