The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 701 - 725 of 3020
As the U.S. Environmental Protection Agency wraps up a public comment period on its proposal to withdraw pending restrictions on Pebble, plans for an “environmentally-optimized” mine at the world-class Pebble copper project in Southwest Alaska are beginning to take shape. Pebble Partnership CEO Tom Collier rolled out this “new path forward” for Pebble at Resource Development Council’s Oct. 5 breakfast forum in Anchorage. In formulating the new Pebble Mine, the Pebble Pa...
With high-grade ore being hauled to the surface from the Jualin deposit, Coeur Mining Inc.'s Kensington Mine in Southeast Alaska is poised to churn out more gold at lower costs moving forward. Through the first nine months of this year, this underground mine about 45 miles north of Juneau produced 80,162 ounces of gold. Going into 2017, Coeur planned for Kensington to produce at least 120,000 oz of gold this year. The Chicago-based miner, however, had hoped to be closer to...
Agnico Eagle Mines Ltd. Oct. 25 said it remains on track to have two new gold mines at Amaruq and Meliadine projects in Nunavut by 2019. "Our major projects in Nunavut continue to advance on time and on budget and we are excited by the significant growth in gold production and the related cash flows that these projects are forecast to provide," said Agnico Eagle CEO Sean Boyd. Amaruq is being developed as a satellite to Meadowbank, a gold mine that lies about 50 kilometers...
Thanks to an extended shipping season, roughly 2.2 billion pounds of zinc is being delivered from the Red Dog Mine in Northwest Alaska to world markets starving for the galvanizing metal. “The concentrate shipping season was extended by two weeks and is expected to be completed in the first week of November, having shipped the maximum possible of around a million (metric) tons of zinc concentrate and 210,000 (metric) tons of lead concentrate,” said Teck Resources Ltd. Pre...
CopperBank Resources Corp. sees the current transition to renewable energy sources driving the demand for copper higher in the coming years and is focused on identifying world-class deposits of this "green metal" to fill the growing demand. The company was founded by self-proclaimed "realistic environmentalist" Gianni Kovacevic, who drove a Tesla Model S sedan across North America to raise awareness about the symbiotic relationship between the mining and green energy sectors....
Novagold Resources Inc. is focused on the permitting and development of its 50 percent-owned Donlin Gold project in Southwest Alaska. This year, Novagold and Barrick Gold Corp., which owns the other half of Donlin, budgeted US$8 million for a drill program aimed at collecting geologic and geotechnical data to support ongoing optimization efforts for the 40-million-ounce gold project. This is the first significant field program since Donlin Gold LLC - equally owned by...
Redstar Gold Corp. is focused on expanding the epithermal high-grade gold veins at its Unga project in Southwest Alaska. The roughly 100-square-mile (250 square kilometers) Unga property blankets two high-grade gold trends - Apollo-Sitka and Shumagin - that each cut roughly six miles across Unga Island, which is just south of the Alaska Peninsula. Apollo-Sitka hosts Apollo, a historic mine that produced roughly 150,000 of gold from 1886 to 1922. Shumagin, a parallel structural trend about 2,000 meters to the northwest, is...
Hecla Mining Company has a long-running practice of replacing reserves it mines each year at the Greens Creek Mine, a tradition it continued in 2016 despite producing a record 9.3 million ounces of silver at this high-grade underground operation in Southeast Alaska. Going into 2017, Greens Creek had 7.6 million tons of proven and probable reserves averaging 11.7 oz per ton (88.9 million oz) silver; 0.09 oz/t (673,000 oz) gold; 7.6 percent (576,130 tons) zinc; and 2.9 percent (...
Coeur Mining Inc.'s high-grade Kensington gold mine in Southeast Alaska is becoming a hub for expansion into British Columbia and Yukon Territory. In September, Coeur cut a deal to acquire the Silvertip Mine in northern British Columbia. Just south of the Yukon border and about 150 miles east of Kensington, Silvertip hosts 2.35 million metric tons of indicated resource averaging 352 grams per metric ton silver, 9.4 percent zinc and 6.7 percent lead; and 460,000 metric tons of...
Raising C$37.7 million early in 2017, Seabridge Gold Inc. has plenty of cash for robust exploration at its KSM and Iskut projects in northwestern British Columbia. Four of the zones at KSM - Kerr, Sulphurets, Mitchell and Iron Cap - encompass 2.2 billion metric tons of proven and probable reserves averaging 0.55 grams per metric ton (38.8 million ounces) gold, 0.21 percent (10.2 billion pounds) copper, 2.6 g/t (183 million oz) silver, and 42.6 parts per million (207 million...
With the completion of a feasibility study that demonstrates the viability of developing a high-grade underground gold mine at Red Mountain, IDM Mining Ltd. is focusing its exploration on expanding the reserves at this project near Stewart, British Columbia. The 2017 feasibility study outlines plans for a 1,000-metric-ton-per-day operation that is expected to average roughly 78,000 ounces of gold per year over an initial six-year mine-life. Life-of-project direct cash cost is...
With its sights set on becoming the next gold producer in British Columbia's Golden Triangle, Ascot Resources Ltd. carried out a roughly C$20 million exploration and development program at its Premier project that covers a large land package, including the historical Premier gold-silver mine. Premier and the company's adjoining Dilworth property encompass more than 100 square kilometers of gold, silver and base metals deposits and prospects. The Premier property still has infrastructure from the Premier Mine - a past-producer...
Dolly Varden Silver Corp. continued to expand deposits of high-grade silver at its Dolly Varden project during 2017. The deposits identified on this property exhibit both Eskay-like volcanogenic massive sulfide and Brucejack-like epithermal mineralization styles. In 2015, Dolly Varden published a maiden indicated resource of 3.07 million metric tons averaging 321.6 grams per metric ton (31.8 million ounces) silver in four zones - Dolly Varden, North Star, Torbrit and Wolf....
Three world-class deposits in Alaska – Pebble, Donlin Gold and Livengood – are far enough advanced to be considered beyond the exploration stage but not quite ready to break ground on development. Together, these three colossal deposits host more than US$160 billion worth of gold – with Pebble adding nearly another US$200 billion worth of copper, molybdenum and silver at today's metals prices. The jobs and revenue generated from developing operations to mine these three global...
Peregrine Diamonds Ltd. continues to focus on the exploration and potential development of its Chidliak diamond project located roughly 120 kilometers (75 miles) north of Iqaluit, the capital of Nunavut. The company has identified 71 kimberlites on the 413,000-hectare (1 million acres) Chidliak property, eight of which are considered to be potentially economic. A 2016 preliminary economic assessment for developing two of these kimberlite pipes, CH-6 and CH-7, envisions an open-pit diamond mine with a life of roughly 10...
With world-class mineral deposits, paved roads and commercial power, northern British Columbia is considered by many as a great place to achieve a mining explorer's ultimate goal – find a mine. "The geology has been great up there for 100 million years, but it has only been the last five that we have had run-of-river (hydro-electric) projects, dams – literally billions of dollars of new infrastructure," said Colorado Resources Ltd. President and CEO Adam Travis. The start of...
From a major investment by Goldcorp Inc. to bonanza-grade gold intercepts at its KSP property in northern British Columbia, 2017 has been a golden year for Colorado Resources Ltd. In August, Goldcorp Inc. made a strategic investment that gave the major a roughly a 14 percent interest in Colorado, a stake that could increase to around 19 percent if the major exercises all of the Colorado warrants it holds. This investment was part of a larger financing completed by Colorado....
GT Gold Corp. is a new junior exploration company that is expanding an exciting high-grade gold discovery at its Tatogga property in British Columbia's Golden Triangle. Lying alongside Highway 37, just west of the village of Iskut, Tatogga hosts Saddle, a large gold-in-soil anomaly that was previously overlooked due to a lack of outcropping bedrock. As a private company, GT Gold discovered and sampled Saddle in 2013. Because of the downturn in the mining sector, however,...
Pretium Resources Inc. reached commercial production at its bonanza grade Brucejack gold mine on July 3, making it the newest operator in British Columbia's Golden Triangle. The ramp up to commercial operations went smoothly for the new miner. During commissioning in June and grade ramp-up in July a total of 25,392 ounces of gold were produced from low-grade stockpiles and development muck; plus ore introduced to the mill in July. The process plant averaged 2,699 metric tons...
Rolling into the final quarter, Northern Dynasty Minerals Ltd. remains confident that it will meets its ultimate 2017 goal of filing for the permits needed to develop a mine at the world-class copper deposit in Southwest Alaska by the end of the year. “We entered the year with three objectives: settlement with EPA; re-partnering; and then getting the project description filed with the U.S. Army Corps of Engineers by the end of the year,” Northern Dynasty CEO Ron Thiessen tol...
Superior Court Judge Mark Rindner Oct. 10 ruled the controversial Stand for Salmon ballot initiative to be constitutional, overturning a contrary decision by Lt. Gov. Byron Mallott less than a month earlier. The proposed ballot measure would prioritize the habitat of anadromous fish - for Alaska this is primarily salmon but includes at least 36 fish species that traverse between fresh and salt waters - over other uses. Mallott said this would be an appropriation of resources...
Coeur Mining Inc. is now officially the owner of Silvertip, a high-grade silver mine about 10 miles south of the Yukon border in northern British Columbia. In a deal that closed on Oct. 17, the Chicago-based miner paid US$200 million to acquire Silvertip and has agreed to pay up to another US$50 million more if certain permitting and resource expansion milestones are met. For this investment, Coeur owns a newly built mine with 2.35 million metric tons of indicated resource ave...
A former high ranking United States Army executive charged with acquiring and developing world-class equipment for U.S. soldiers under the Obama and Bush administrations warns that the lack of a domestic source for rare earth elements, or REEs, will be the Achilles heel of American military superiority. "Every one of the current and next round of super and unimaginable US weapons relies on REEs, an exotic assortment of 17 metals and elements, that are neither mined nor...
Geoscience BC Oct. 10 announced the appointment of Gavin Dirom as President and CEO. During his more than 25 years in the Canadian mineral exploration and mining sector, Dirom has focused on government policies, First Nations and stakeholder relations, as well as environmental management. This includes nearly nine years as the president and CEO of the Association for Mineral Exploration, where he provided executive leadership to AME's Board of Directors and represented over...
Coeur Mining Inc. Oct. 5 reported that initial development ore has been mined from the Jualin deposit at its Kensington gold mine in Southeast Alaska. Mining the higher grade ore from Jualin is expected to ramp up as planned over the next twelve months. During the third quarter, the Kensington Mine produced 27,541 ounces of gold, a 4 percent increase over the second quarter and the highest gold production in more than a year. The average grade of material processed at...
