The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 901 - 925 of 3020
The owners of Alaska’s five large metal mines – Sumitomo Metal Mining Pogo, Hecla Mining Company, Kinross Gold Corp, Teck Resources Ltd. and Coeur Mining Inc. – accounted for nearly half the US$92 million of exploration spending in the state during 2014 and similar investments by these companies is providing solid footing for the Far North state’s mineral exploration sector this year. Avalon Development President Curt Freeman said he is seeing more mining majors shopping for d...
As exploration across most of the North continues to trend downward, the Yukon Territory is celebrating the second straight year of increased spending. Early estimates put exploration in Yukon at about C$99 million for 2015, up roughly 20 percent over the C$80 million spent last year. With a wide swath of zinc-rich deposits in the Selwyn basin, a number of copper-rich porphyries in the Dawson Range, platinum group metal-nickel deposits in the southwest and gold deposits...
From an expanding ownership interest in one of the largest producing zinc mines on the planet to grassroots gold exploration, NANA Regional Corp. is delving into all phases of mining across the 24.3 million acres of extremely minerals-rich land in Northwest Alaska. During the past 26 years, this Alaska Native regional corporation and the more than 13,800 Iñupiat shareholders whose forebears settled the northwest corner of Alaska thousands of years ago have enjoyed some...
The "National Strategic and Critical Minerals Production Act of 2015," legislation aimed at streamlining the lengthy process of permitting a mine in the United States, passed the U. S. House of Representative Oct. 22. National Mining Association President and CEO Hal Quinn said this bill, introduced by U. S. Rep. Mark Amodei, R-Nevada, "will bring the U.S. mine permitting system into the 21st century and help boost the country's economy and manufacturing renaissance." By...
Republican presidential candidate Jeb Bush has proposed a plan to decentralize federal power over decisions of how best to manage the vast stretches of federal lands in America's West. "Washington, D.C. needs to acknowledge that people who live on the land in the West are the best stewards of the land. Federal holdings should be valuable recreational and economic assets, not a liability to economic freedom and growth," the former Florida governor wrote in an Oct. 21 post on...
Many of Alaska and northern Canada's mining explorers have demonstrated incredible resilience during a five-year bear market that has been especially deep and painful, even for seasoned mining sector veterans. "This has been a particularly treacherous bear market," longtime natural resource investor, Rick Rule, noted during a July appearance on Palisade Radio. "The reason that this has been a particularly treacherous bear market is that the last bull market was particularly...
When NovaCopper Inc. needed additional funds to advance its copper-rich deposits in the Ambler Mining District of Northwest Alaska, the Vancouver B.C.-based junior bypassed typical financing vehicles for such ventures and seized the opportunity to buy Sunward Resources Ltd., a fellow exploration company with roughly US$20 million in the bank but a market cap hovering around US$13 million. "The market had basically discounted the cash they had in the bank, so that provided an...
AXR:TSX / AXU:NYSE-MKT President and CEO: Clynton Nauman Executive VP and COO: Brad Thrall Vice President, Exploration: Alan McOnie Alexco Resource Corp. owns the Bellekeno silver-zinc-lead mine, as well as a number of other mineral properties within historic Keno Hill Silver District of central Yukon Territory. Bellekeno began commercial production at the beginning of 2011, but was temporarily suspended late in 2013 due to lower silver prices. Based on roughly 18,000 meters of drilling completed in 2014, Alexco published an...
Mineral and coal exploration spending in British Columbia has dropped nearly 30 percent a year since reaching a pinnacle of C$680 million in 2012, mirroring the downward trend seen during the same period in global exploration expenditures. Mineral-rich B. C., however, is preparing to take advantage of the next upswing in metals markets. In June, British Columbia Energy and Mines Minister Bill Bennett said the province will provide Geoscience BC with C$5 million in additional...
ATC: TSX-V President & CEO: Graham Downs VP, exploration: Julia Lane Chief Operating Officer: Ian Talbot In 2015 ATAC Resources Ltd. continued to expand the Carlin-type gold discoveries made at its Rackla Gold project in Yukon Territory with a C$3 million phase-1 exploration program that began in June. This work primarily focused on the Conrad Zone and 18-sqaure-kilometer Anubis cluster within the Nadaleen Trend, a 30-kilometer- (20 miles) long subset of the company's east-west extending land package that blankets an area...
Aug:TSX.V / ggtcf:OTCQX Executive Chairman: Ivan Bebek President and CEO: Shawn Wallace After buying out North Country Gold Corp., Auryn Resources Inc. added the Committee Bay gold project, making it a major player in Nunavut gold exploration. Auryn's interest in the Committee Bay project first came to light in February when the company agreed to join North Country in a joint venture on the expansive gold property. This JV agreement, which was finalized in March, included Auryn buying 10 million North Country shares at C5...
Skeena Resources Ltd. entered 2015 with a mission - outline at least 2.0 million ounces of high-grade gold at its Spectrum property located in the Golden Triangle region of northwestern British Columbia. Skeena Chairman Ron Netolitzky is no stranger to this metals-rich corner of B.C. In fact, he is a 2015 Canadian Mining Hall of Fame inductee, an honor that is largely due to his finding two world-class mines - Eskay Creek and Snip - in the Golden Triangle. The legendary prospe...
czx:TSX.V chairman, President and CEO: Peeyush Varshney vp, exploration: Ken MacDonald director: John Thomas Canada Zinc Metals Corp. is focused on exploring a band of zinc-lead-silver properties that blankets 79,870 hectares (197,359 acres) of the Kechika SEDEX belt in northeastern British Columbia. The company has divided this land package into two projects - Akie, which hosts the Cardiac Creek deposit, and the Kechika regional properties, a series of property blocks that extend roughly 140 kilometers (85 miles) northwest...
Mineral exploration spending in Northwest Territories dipped sharply in 2015. While the final numbers are not in, Natural Resources Canada predicts exploration and deposit appraisal expenditures in the territory to be around C$43.6 million, or less than half the roughly C$95.8 million invested last year. Industry and government leaders in the territory, however, have come together "to develop a robust mineral industry in the NWT." In January, the government announced the...
czn:TSX chairman, President and CEO: John Kearney vp, exploration & coo: Alan Taylor VP, Permitting and Environmental Affairs: David Harpley Canadian Zinc Corp. is focused on optimizing the economics of its Prairie Creek Mine in Northwest Territories with the aim of putting the zinc-lead-silver project into production as soon as possible. In March, the company incorporated drilling completed from 2012 through 2014 into an updated mineral resource estimate that also considered new engineering parameters for the pending...
TerraX Minerals Inc. is on a mission - outline a multimillion-ounce resource along the many high-grade gold zones located at its Yellowknife City Gold Project, which is located about 15 kilometers (nine miles) north of the capital of Northwest Territories. A C$3.5 million cash infusion by Osisko Gold Royalties Ltd. along with nearly C$2.7 million raised separately is helping the explorer to reach its goal. "TerraX has always been committed to putting our dollars into the groun...
CDE:NYSE Chairman: Robert Mellor President & CEO: Mitchell Krebs VP, Exploration: Hans Rasmussen An incentive program that allocates exploration funds based on success has paid dividends for Coeur Mining Inc. and the Kensington gold mine in Southeast Alaska. As a result of this success-driven strategy, the exploration team at Kensington was doled US$9.1 million to expand upon the high-grade gold discoveries made on the property in 2014. As a return on its investment, Coeur Mining was rewarded with a new mine plan that will...
Thanks largely to its burgeoning mining sector, Nunavut is leading the Canadian territories in economic growth. With the start-up of the Mary River iron mine late in 2014, Nunavut now has two operating mines and a number of advanced stage gold, uranium, diamond and base metals projects poised to join the ranks in the coming years. "All in all, real gross domestic product (in Nunavut) is expected to grow by 3.8 percent in 2015, the highest rate of growth among the provinces...
CEM:TSX.V Chairman: Wayne Livingstone President & CEO: Garfield MacVeigh VP, Exploration: Darwin Green A partnership forged with Dowa Metals & Mining Co. Ltd. early in 2013 is providing Constantine Metal Resources Ltd. with the funds needed to expand a copper- and zinc-rich volcanogenic massive sulfide deposit at its Palmer project in Southeast Alaska. In 2013, Dowa and Constantine inked a deal that provides the Tokyo-based smelting and mining company with the opportunity to earn a 49 percent stake in the Palmer project by...
Since acquiring Amaruq in 2013, Agnico Eagle Mines Ltd. has elevated the Nunavut property from an intriguing grassroots prospect to a 2-million-ounce gold deposit that could follow the company's Meadowbank Mine as a successful venture in Nunavut. "While it is still at an early stage of exploration, in less than two years, the Amaruq property has advanced from a grassroots discovery to a project that now hosts a significant and growing inferred gold resource. We also see good...
CTGO:OTC MARKETS President and CEO: Brad Juneau Chief Financial Officer: Leah Gaines Contango ORE Inc. has forged an alliance with Royal Gold Inc., a company that promises to invest as much as US$30 million in furthering the exploration and potential development of the Tetlin gold properties situated along the Alaska Highway near the crossroads community of Tok in eastern Alaska. Since acquiring the property in 2008, Texas-based Contango ORE has identified a number of precious and base metal targets across the 750,000-acre...
Five years of systematic exploration has identified nine parallel zones rich in gold and silver at Rockhaven Resources Ltd.'s Klaza property in southern Yukon Territory that are beginning to look as if they may carry the size and grade to be developed into an economic mine. In January, the junior published a maiden inferred resource estimate of 7.04 million metric tons grading 4.19 grams per metric ton (948,348 ounces) gold and 96.23 g/t (21.78 million ounces) silver for two...
DDC.TO: TSX Chairman: Robert Gannicott Chief Executive Officer: Brendan Bell Chief Operating Officer: Chantal Lavoie Dominion Diamond Corp. mines rough diamonds at the Ekati and Diavik mines, both located in Northwest Territories about 300 kilometers (190 miles) north of Yellowknife. The company operates the Ekati Diamond Mine through an 88.9 percent ownership of the project's Core zone as well as a 65.3 percent ownership in the Buffer zone. The 2015 exploration at Ekati focused on the Jay and Sable kimberlite pipes. Jay,...
FM: TSX / FQM: LSE Chairman and CEO: Philip Pascall President: Clive Newall Principal geologist, generative projects: Tim Ireland With seven mines in operation and five mineral projects under development, First Quantum Minerals Ltd. is a growing, diversified miner with a particular focus on copper. Its operating mines and development projects are located in Africa, Australia, Finland, Spain, Turkey and Latin America. Yet the company has no foothold in North America. Carrying forward a relationship built between Inmet and...
FVL: TSX President and CEO: Kristina Walcott VP, Exploration and Development: Alvin Jackson In recent years, Freegold Ventures Ltd. has focused its exploration primarily on Golden Summit, a 6-million-ounce bulk-tonnage gold project located roughly 20 miles (32 kilometers) northeast of Fairbanks and four miles (seven kilometers) from Kinross Gold Corp.'s Fort Knox Mine. In 2015, the company turned its attention to Shorty Creek, a copper-gold project in the Livengood region of Interior Alaska. For at least three decades,...
