The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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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...
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...
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...
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...
Cyanide contamination confirmed; First Nation demands mining moratorium; government mandates urgent measures for Victoria. The collapse of the heap leach pad at Victoria Gold Corp.'s Eagle Gold mine has significantly shifted Yukon's environmental and political landscape. Recent updates from the Yukon Energy, Mines and Resource Minister John Streicker July 11 provided new details on the extent of the impact and outlined urgent measures being taken to address the fallout from...
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...
Clean energy will reduce emissions at Diavik Diamond Mine in its remaining years. After little more than half a year since announcing plans to build the largest solar power plant in Canada's remote north, Rio Tinto reports the completion of its 3.5-megawatt solar facility at the company's Diavik diamond mine in Northwest Territories, Canada. Nearly six months after the February start of construction, this significant project has reached completion and is ready to enhance the m...
Western Copper and Gold inches toward startup at its giant Casino copper porphyry deposit as others advance earlier stage projects. While one would-be miner in Canada's Yukon Territory guides its giant copper project toward development, several juniors – ranging from newcomers to more established players – are picking up the pace in the search for other rich deposits of the red metal. Western Copper and Gold Corp. is marking its 16th year of working to develop its huge Cas...
Kinross and Contango celebrate the pouring of first bar from gold project that boosts Fort Knox production, elevates junior to producer status. FORT KNOX MINE, ALASKA (July 8, 2024) – On a momentous occasion for both companies, Kinross Gold Corp. and Contango ORE Inc. celebrated the pouring of the first gold bar from the Manh Choh project in Alaska. Being operated under a joint venture between Kinross (70%) and Contango (30%), Manh Choh is a high-grade gold project on lands o...
Anchored by five royalties contributed by Nisga'a Nation in Northern BC, Nations Royalty is world's first Indigenous-owned metals royalty firm. The June 20 listing of Nations Royalty as an investment company on the TSX Venture Exchange was a milestone that will likely forever change the mining landscape in Canada and beyond. Born out of the vision of mining magnate Frank Giustra, a First Nations-to-mining bridge brought to the table by lifelong Northern British Columbia...
DAWSON CITY, YUKON (June 24, 2024) – Victoria Gold Corp. has reported a collapse of the heap leach pad at its Eagle Mine north of Mayo, Yukon. Photos posted by Yukon News around noon local time shows a partial collapse of the heap leach pad, which is constructed on a hillside to hold mine ore so that the gold can be dissolved with a cyanide solution for recovery. Victoria Gold President and CEO John McConnell, who was in attendance at the Yukon Mining Investment Conference i...
HighGold shareholders overwhelmingly vote in favor of joining Alaska's next gold-producing company. In an embrace of Contango ORE Inc.'s unique vision of transforming high-quality projects into Alaska's next gold mines, HighGold Mining Inc. shareholders nearly unanimously approved a deal to merge with the Alaska-based gold company. During a special meeting held on June 27, 93.7% of HighGold shareholders approved the proposed merger with Contango. "We are very pleased to have t...
Inaugural resource is from Snowline's first two years of drilling; this year's program aims to grow the Yukon deposit, test new prospects. After just two seasons of drilling, Snowline Gold Corp. has reached a significant milestone with the unveiling of a multi-million-ounce gold resource for the Valley deposit on the company's Rogue property in the Yukon Territory. Exploring seven prospective targets across the Yukon, Snowline's portfolio is split between its flagship Rogue,...
High-grade REE concentrate previously destined for China is now on its way to Saskatchewan for further processing. As home to the first rare earths mine in Canada, Vital Metal Ltd.'s Nechalacho project in Northwest Territories grabbed national headlines as the initial link of a burgeoning rare earth supply chain that would be completely independent of China. With this being hailed as a major milestone for Canada and its allies, Vital's announcement late last year that it...
