The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Two mining companies with operations in Alaska and northern Canada, Agnico Eagle Mines Ltd. and Teck Resources Ltd., landed on the Corporate Knights list of 2021 Global 100 Sustainable Corporations, an index of the most sustainable corporations in the world. With an overall score of 60.6%, Agnico Eagle placed 73rd, making it the top-ranked mining company appearing on Corporate Knight's 2021 Global 100 list. "We are extremely proud to be recognized as one of the world's 100...
Pebble Limited Partnership says the U.S. Army Corps of Engineers' negative record of decision for Pebble is contrary to law, unprecedented in Alaska, and inconsistent with the agency's previous final environmental impact statement for the proposed copper-gold-molybdenum-silver-rhenium mine. "The FEIS found that the project can be developed without damage to the Bristol Bay fishery, a finding that was mostly ignored in the decision to deny Pebble a permit," said Pebble Limited...
Nunavut is one jurisdiction in Canada with a favorable economic outlook in the face of the COVID-19 pandemic, according to a recent economic analysis completed by the Conference Board of Canada. The reason: Nunavut's mining sector, which remained mostly intact in 2020, accounted for more than one-third of its economy, a higher share than in every other Canadian province or territory. Projected to have expanded 6.1% last year, Nunavut's economy is forecast to grow 13.2% in...
Like nearly every other aspect of human existence, the COVID-19 pandemic has fundamentally changed the mineral exploration industry in Canada and Alaska. The Association for Mineral Exploration British Columbia embraced this change with the first ever AME Remote Roundup, a virtual rendition of the long-lived mineral exploration convention that traditionally brings thousands of people to Vancouver, British Columbia at the onset of each year. "This is one of the first meeting...
U.S. Bureau of Land Management, National Park Service, and the Alaska Industrial Development and Export Authority have signed documents that provide a 50-year right-of-way across federal lands for the Ambler Mining District Industrial Access Road. "This right-of-way is the culmination of years of research, planning, and collaboration," said AIDEA Executive Director Alan Weitzner. "The signing of this permit is a major milestone. It's the first step in a multi-year phase of...
Alaska officials say the U.S. Army Corps of Engineers neglected to follow its own guidance when setting mitigations measures for Pebble and the state is appealing Army Corps' decision to deny federal permits required to develop a mine at the world-class metals deposit on state lands in Southwest Alaska. "The flawed decision by the Alaska District creates a dangerous precedent that will undoubtedly harm Alaska's future and, any potential project can fall victim to the same...
With the submission of amendments to existing permits for its Premier gold-silver mine, Ascot Resources Ltd. takes another major step toward its vison of bringing commercial mining back to Stewart, British Columbia. Home to a past producing mine that last operated in the 1990s, Premier has all the major infrastructure – mill, assay lab, crusher, tailing storage area, and underground workings – in place to resume operations. The property also has permits from previous min...
Fury Gold Mines Ltd., which was formed as the result of the October merger of Auryn Resources Inc. and Eastmain Resources Inc., plans to complete 25,000 meters of drilling at Homestake Ridge, a high-grade gold-silver project in British Columbia's Golden Triangle. Brought into Fury by Auryn, Homestake Ridge hosts an estimated 816,719 ounces of gold, 17.8 million oz of silver, 15.9 million pounds of copper, and 17.3 million lb of lead in three zones – Homestake Main, H...
While 103.9-meter drill intercepts averaging 6.1 grams per metric ton gold continues to demonstrate the robustness of mineralization at Donlin Gold, completing a 23,400-meter drill program during 2020 without a single COVID-19 case or lost time injury is an even more rewarding achievement for the 39-million-ounce gold mine project in western Alaska. "Well done to the Donlin team for delivering a safe and COVID-free year," said Barrick Gold Corp. President and CEO Mark...
The Alaska Industrial Development and Export Authority unanimously passed a resolution authorizing the formalization of a preliminary due-diligence process for a potential US$3 million to US$5 million investment for the development and commercial-scale operation of the rare earths separation facility Ucore Rare Metals Inc. plans to build near the Southeast Alaska port town of Ketchikan. Development of this Alaska Strategic Metals Complex, or Alaska SMC, is the first step towar...
As 2020, arguably the most calamitous year for northern mining in decades, drew to a close, the Government of Northwest Territories took the unusual step of topping up its annual mining incentives program with an additional C$100,000. In August, the territorial government awarded C$1 million in these grants to 19 junior mining companies and prospectors who proposed mineral exploration programs during the 2020-2021 field season. Normally awarded in the spring, the incentives...
In what could be the best outcome of Ottawa blocking Shandong Gold Mining's bid to acquire TMAC Resources Inc., Agnico Eagle Mines Ltd. has agreed to buy out its fellow Nunavut gold miner for C$286.6 million. TMAC Resources, which got off to a rocky start of operations at its Hope Bay gold mine in Nunavut, has been looking for a company with the financial wherewithal and mining expertise to make the northern Canada operation a success. Under an agreement reached in May,...
Kenorland Minerals Ltd., which has been exploring the Tanacross porphyry copper-gold project in eastern Alaska as a private company for several years, is now a publicly listed company with a strong treasury and extensive portfolio of mineral exploration projects in Quebec and Alaska. "We are extremely excited to begin this next chapter of Kenorland Minerals," said Kenorland Minerals President and CEO Zach Flood. "The company has grown significantly since our inception in 2016...
After enduring the multiple challenges of being a diamond miner through the COVID-19 pandemic, Mountain Province Diamonds Inc. ended 2020 strong and is positioned well for 2021. "Under very difficult circumstances, all driven by COVID-19, the Gahcho Kué Mine has performed well in being able to maintain production albeit at a reduced level and came very close to the revised guidance in tonnes mined and treated and exceeded the revised guidance target for carats recovered,"...
In a move that prevents a Chinese state-owned company from grabbing a foothold along the Northwest Passage in Canada's Arctic, officials in Ottawa have blocked Shandong Gold Mining Co. Ltd.'s bid to acquire TMAC Resources Inc., which owns and operates the Hope Bay gold mine in the Kitikmeot region of northwestern Nunavut. While stopping Shandong Gold Mining from acquiring the Nunavut operation quashed what many Canadians considered to be a threat to national security, it also...
Peak Gold LLC, a joint venture between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%), have agreed to invest US$18 million during 2021 to carry out the work needed to complete a feasibility level study for establishing a mine at Peak Gold project in eastern Alaska. Toward a new strategy of acquiring high-grade gold from projects across Alaska to provide feedstock for the mill at its Fort Knox Mine about 25 miles north of Fairbanks, Kinross acquired a 70% JV interest in...
Northern Dynasty Minerals Ltd. says the US Army Corps of Engineers' rejection of the compensatory mitigation plan submitted for the Pebble Mine project in Southwest Alaska is unlawful, unprecedented in Alaska, and unsupported by the administrative record. "I am very confident in saying I believe our CMP is both compliant with the Clean Water Act and fully responsive to the Corps' demand. So, we were shocked when they found our plan to be non-compliant, and even more so that...
Though Whitehorse Gold Corp. was not officially formed until Nov. 18 and only began trading on the TSX Venture exchange on Nov. 25, the newly emerged exploration company is already reporting impressive gold-silver intercepts from drilling at Skukum, an advanced exploration project in southern Yukon previously known as Tagish Lake. New Pacific Metals Corp., which gained full ownership of Skukum through the 2011 acquisition of Tagish Lake Gold Corp., created Whitehorse Gold as...
With it becoming increasingly apparent that Joe Biden will be confirmed as the 46th President of the United States, Alaska Sen. Lisa Murkowski believes the coming years will be "interesting times" for the state's resource sectors. "There is near certainty that he is going to be taking office on Jan. 20, 2021," Alaska's senior senator said, referring to Biden, during the Resource Development Council for Alaska annual convention. "If he follows through on some of his campaign...
As Americans were preparing for the most unusual Thanksgiving holiday in memory, Australia-based Nova Minerals Ltd. announced results from the "most important" hole drilled to date at Estelle and the raising of A$21 million (US$15.5 million) to fund the ongoing exploration of this rapidly expanding gold project about 100 miles (160 kilometers) northwest of Anchorage, Alaska's largest city. Korbel, a growing gold resource area at the north end of the 85-square-mile (220 square...
Contending that the U.S. Army Corps of Engineers' decision to deny the major federal permit needed to develop the proposed Pebble Mine in Alaska goes against the record established during the permitting process, Northern Dynasty Minerals Ltd. Intends to pursue every appeal available to set the record straight. "It is our view that this decision, the process by which it was reached and the facts upon which it is based stand as a significant outlier from standard USACE...
Seabridge Gold Inc. has added 25.9 million ounces of gold to its 49.7 million oz of gold in measured and indicated resources at its already world-class KSM project in British Columbia's Golden Triangle. This 52% increase in gold resources is the result of an agreement to acquire the Snowfield property on the east border of the KSM property from Pretium Resources Inc. In a deal announced on Dec. 4, Seabridge will pay Pretium US$100 million for Snowfield, plus a contingent payme...
In a major setback for building a mine at the largest undeveloped deposit of copper, gold, and rhenium known to exist on Earth, the U.S. Army Corps of Engineers has denied federal permits for the Pebble project in Southwest Alaska. Pebble has been roiled in controversy, largely due to its proximity to the Bristol Bay watershed, which hosts a world-class salmon fishery. Pebble proponents have said a modern mine could be developed that co-exists with fishery, while opponents...
As a private company, Western Alaska Copper & Gold Company has done a great job steadily advancing the multiple precious and base metals deposits and targets across its 34,000-acre Illinois Creek Mining District property in western Alaska. Given the success of this work, especially a 2020 program that indicates the viability of resuming operations at the historic Illinois Creek gold-silver mine, management is taking the exploration company public on Canada's TSX Venture Exchan...
When Granite Creek Copper Ltd. decided to refocus its energies on finding copper in Yukon Territory in October 2018, it swung into action, aggressively tackling its vision of becoming a leading copper exploration company. Just over two years later, the junior has acquired the advanced Carmacks Copper Project and is hoping to establish a mineral resource estimate on its larger Stu Project next door. To begin its transition, the junior changed its name from Granite Creek Gold...
