The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 251 - 275 of 3018
The Yukon government and First Nations have given Newmont Corp. the green light to move ahead with development of a mine at its Coffee Gold project. Located in the heart of Yukon's White Gold District, about 80 miles (130 kilometers) south of Dawson City, Coffee is one of the earliest gold discoveries made by renowned prospector Shawn Ryan. Kaminak Gold Corp. advanced Ryan's grassroots discovery to a 2-million-ounce gold deposit that attracted the attention of Goldcorp, which...
Brucejack Mine in British Columbia's Golden Triangle is expected to push Newcrest Mining Ltd.'s annual gold production north of 2 million ounces per year, and that does not include the likely production boosts that will be created by an optimization and expansion program being launched at the newest addition to the Australian miner's portfolio. On March 9, Newcrest's roughly US$2.8 billion acquisition of Pretium Resources Inc. was finalized, a milestone that is expected to...
Deeply concerned about the loss of life and destruction being caused by Russia's invasion of Ukraine, Kinross Gold Corp. has decided to suspend all activities at its gold projects in the Russian Far East. Kinross' Kupol Mine in the Chukotka region of eastern Russia produced 481,108 ounces of gold-equivalent, which includes the value of both the gold and silver produced, during 2021. This one mine accounted for roughly 23% of the gold-equivalent oz produced by the company last...
With intercepts such as 19 meters averaging 18.23 grams per metric ton gold, the final batch of drill results from the 2021 program at Donlin Gold continue to show the strength of mineralization of the 39-million-ounce gold deposit and set the stage for the largest program at the world-class mine project in more than a decade. Being advanced toward a production decision by Donlin Gold LLC – a joint venture owned equally by Novagold Resources Inc. and Barrick Gold Corp. – thi...
The U.S. Bureau of Land Management is leveraging its control over federal land along the Dalton Highway corridor to throw up a roadblock on the proposed industrial access to Alaska's Ambler Mining District. On March 11, BLM notified the Alaska Industrial Development and Export Authority that it has suspended a previously issued 50-year right-of-way that covers 25 miles of the proposed 211-mile road connecting the Ambler District to Alaska's highway system. Despite the receipt... Full story
With diamond prices climbing while global production is expected to remain flat through 2027, the outlook for diamond explorer North Arrow Minerals Inc. is shining bright. The company Feb. 22 reported progress at its projects across Canada, including work undertaken in 2021 at its advanced diamond project in Nunavut. North Arrow said processing of a 2,000-metric ton bulk sample extracted in 2021 from its Naujaat diamond project located on the Melville Peninsula is about...
From an expected multimillion-dollar exploration program on the hardrock sources of the placer gold discovered by Felix Pedro in the Fairbanks Mining District 120 years ago to preliminary investigations of the Nikolai nickel-copper-cobalt-chromium-platinum group element project recently added to its portfolio, Millrock Resources Inc. is looking forward to a busy year of exploration on the properties it has generated in Alaska. "Millrock is looking forward to a very active...
In a move criticized by a wide swath of Alaska policymakers and trade organizations, the Biden administration has filed a motion to reverse the federal authorizations for a proposed 211-mile road to the mineral-rich Ambler Mining District in Northwest Alaska. "You would think President Biden would want to improve access to American sources of copper and other strategic minerals that are needed in our combined efforts to increase renewables. Instead, actions like this only...
With inflation pushing costs higher and billions of dollars of COVID relief and infrastructure spending flowing into Alaska from Washington D.C., creating a competitive market for construction contractors, the Peak Gold Joint Venture has decided to cut back on the preliminary development that was originally planned for its Manh Choh gold mine project near the communities of Tetlin and Tok in eastern Alaska. Peak Gold JV – a partnership between Kinross Gold Corp. (70%) and C...
With the Gil-Sourdough satellite deposit now delivering ore to the mill, the upward trend of gold production at Kinross Gold Corp.'s Fort Knox Mine in Alaska continues into 2022. During the fourth quarter of 2021, Fort Knox produced 73,830 ounces of gold, roughly a 3% increase over the 71,482 oz produced during the third quarter and about a 28% jump over the 57,523 oz produced during the same period of 2020. With gold production steadily trending higher as the year...
Thanks in large part to significant growth at its Greens Creek Mine in Southeast Alaska, Hecla Mining Company reports the second largest silver reserves in its 130-year history. Going into 2022, Hecla's three currently operating mines – Greens Creek, Lucky Friday (Idaho), and Casa Berardi (Quebec) host a combined 37.3 million tons of reserves containing 200 million ounces of silver, 2.73 million oz of gold, 1.81 billion pounds of zinc, and 1.47 billion lb of lead. "Since 2...
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...
In a move that will help ensure that the First Nations people and communities in British Columbia's Golden Triangle benefit from the rising mining activity in their incredibly mineral-rich traditional territory, Tahltan Nation Development Corp. has secured the rights to sell Sandvik mining equipment, parts, tools, and digital solutions in northwestern British Columbia and neighboring Yukon. "Sandvik's global reputation for safety, quality, performance, customer service...
Whether exploring and mapping a historical underground mine for the first time since it was shuttered during World War II or generating more detailed maps of a modern operation, drones that navigate the labyrinth of ramps, declines, stopes, and other underground environs without reliance on the global positioning system or human guidance can make subterranean mine surveying safer, faster, and more accurate. Ascot Resources Ltd. and Northern Star Resources Ltd. are amongst the...
The Alaska Industrial Development and Export Authority and Ambler Metals LLC have agreed to equally fund $30.8 million for a 2022 field program to advance the Ambler Access Project, a proposed 211-mile road that serves as an Alaskan epitome of connecting the aspirations of a low-carbon future with the large volumes of minerals and metals required to build the electric vehicles and renewable energy infrastructure that will make the green energy future a reality. The World Bank...
British Columbia and the First Nation people in Canada's westernmost province are poised to benefit from the increased need for minerals to build a low-carbon future, according to a new economic impact study the Association for Mineral Exploration published in partnership with iTOTEM Analytics. "With demand for the minerals and metals we discover soaring to meet the needs of a low-carbon economy, we understand the acute importance of the critical role we play in achieving...
Following the completion of a robust 2021 program that culminated in a decision to move forward with updating the feasibility study for developing a mine at Donlin Gold, Novagold Resources Inc. announced that the project partners have approved a $60 million budget for the 2022 program at this world-class gold project in Southwest Alaska. "While 2021 was an exceptional year and represents yet another positive turning point for Novagold and for the Donlin Gold project, 2022...
Despite project delays and cost overruns, Ascot Resources Ltd. is set to make the final push toward reestablishing a mine at its Premier gold project in British Columbia's famed Golden Triangle. Home to a past-producing mine that last operated in the 1990s, Premier has all the major infrastructure – mill, assay lab, crusher, tailings storage area, and underground workings – in place to resume operations. A feasibility study completed in 2020 envisions four mines – Silve...
As final assays of its productive 2021 exploration program roll in, Gold Terra Resource Corp. is working on a plan to boost the 1.2-million-ounce inferred resource of its Yellowknife City Gold Project substantially by drilling in new areas and proving up historic resources in and around the capital city of Northwest Territories. The YCG project lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometers (43 miles) of strike length along the main...
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...
Victoria Gold Corp. sees outsized benefits from a relatively small investment into Project 250, a strategy to increase production at its Eagle Gold Mine in the Yukon to 250,000 ounces during 2023. "Project 250 represents a significant near-term, low-cost opportunity to increase annual gold production at Eagle," said Victoria Gold President and CEO John McConnell. A scoping study completed by Victoria details plans to incorporate an intermediate scalping screen that will...
Capping off a successful year of mine predevelopment activities at its 30%-owned Manh Choh gold mine project in Interior Alaska and acquisition of the historic high-grade Lucky Shot gold mine project in Southcentral Alaska by up-listing its share to the New York Stock exchange, Contango ORE Inc. is well-positioned for 2022 success. "2021 represented another year of COVID, but despite the difficulties of working in a continued pandemic environment, the company achieved its...
With current COVID-related restrictions in Ontario making planning for a March event highly uncertain, the Prospectors & Developers Association of Canada has rescheduled PDAC 2022 – the world's premier mineral exploration and mining convention – for June "The PDAC Convention provides an exciting meeting place for the world's mineral exploration and mining industry to network, collaborate, learn, have fun and do business in an environment that is open and safe," said PDAC Exe...
Engage. Connect. Evolve. – this theme of AME Roundup 2022 is the perfect reflection of a mineral exploration sector that is adapting to a world in which Zoom meetings and webinars must often replace boardroom meetings and live conferences as a means of engaging investors, shareholders, and stakeholders. "As society recovers and evolves from the disruption caused by the global pandemic, so does our industry," said AME President and CEO Kendra Johnston. "At AME Roundup, you w...
6 is shaping up to be a pivotal year for unlocking the world-class potential of the Ambler Mining District in Northwest Alaska. Toward realizing this potential, Ambler Metals LLC, a joint venture equally owned by Trilogy Metals Inc. and a subsidiary of South32 Ltd., has budgeted US$28.5 million for 2022. This program is slated to include drilling, engineering studies, and the initiation of permitting for Arctic, the first mine to be developed on its Upper Kobuk Mineral...
