The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 83
Following the Yukon Environmental and Socio-Economic Assessment Board's (YESAB) recommendation that the proposed mine the Kudz Ze Kayah (KZK) project be allowed to proceed to permitting, BMC Minerals Ltd. has updated the feasibility study for the silver-dominant polymetallic project in southeastern Yukon. While the operating parameters of the proposed mine have not changed, the updated feasibility study does take into consideration concerns raised by YESAB. This updated...
Alexco Resource Corp. is pulling all the pieces together to resume production at its Keno Hill Silver District mine in the Yukon by the end of the year. Alexco produced silver at Keno Hill from 2011 to 2013 but made the choice to idle down operations due to weak silver prices and uncertain market conditions at the time. Over the ensuing years, the company steadily expanded silver resources with continued exploration and completed other work in anticipation of resuming...
Ten years ago, Yukon Territory witnessed a minor stampede of mineral explorers, hoping to cash in on new gold discoveries in the White Gold District south of Dawson City. A decade later, gold hunters are again targeting prospects across the northern Canadian territory, drawn by the recent successful startup of a new gold mine at Victoria Gold Corp.'s Dublin Gulch Property east of Dawson City in central Yukon as well as discoveries of other rich aurum deposits in Yukon....
Strong gold prices and the smooth ramp up to commercial production at its Eagle Mine is allowing Victoria Gold Corp. to pay off the loans taken out to develop the Yukon operation quicker than scheduled. On Aug. 5, the mineral explorer turned gold producer made an unscheduled US$10 million payment towards the interest and principal of its US$100 million senior secured credit facility. Victoria made its first regularly scheduled payment of US$7,133,266 toward the principle of...
With the price of an ounce of gold topping US$1,800, Golden Predator Mining Corp. is accelerating its plans to re-establish a gold mine at its Brewery Creek project in Canada's Yukon Territory. Located about 35 miles (55 kilometers) east of Dawson City, Brewery Creek is the home to a mine that produced 280,000 ounces of gold over seven years of mining that began in 1996. This operation used seasonal heap leaching – a method of gold recovery that involves stacking ore in a l...
Victoria Gold Corp. celebrated Canada Day with the declaration of commercial production at its Eagle Gold Mine in Canada's Yukon Territory. Since pouring the first bar of gold at Eagle last September, Victoria has been steadily scaling up operations at the Yukon Mine. With mining, crushing, processing, and maintenance operations performing at a high level, the exploration turned gold producing company declared commercial production. "Site activities continue to progress well,...
With permits in-hand, Alexco Resource Corp. is moving ahead with the restart of production at its Keno Hill Silver District mine in the Yukon. Alexco operated a mine and mill at Keno from 2011 to 2013 but idled down operations due to weak silver prices and uncertain markets. Over the ensuing years, the company has steadily expanded silver resources with continued exploration. Crews have also completed additional underground development and upgrades to the mill in anticipation...
Like working a giant jigsaw puzzle, Western Copper and Gold Corp. has gradually pieced together components of the Casino Mine project in Yukon Territory, hoping to usher the project into production within the next few years. For 14 years, the industrious junior has chased the dream of producing copper, gold, molybdenum, and silver from the Casino deposit, known as one of the most prospective mineral concentrations of its type in the world. But with the turn of a drill a year a...
White Gold Corp. is gearing up for another season of systematically advancing the dozens of exploration targets identified across its more than 1-million-acre (422,730 hectares) land package in Yukon's White Gold District. On May 15, the Yukon-focused gold exploration company announced that longtime strategic partners and new institutional investors are participating in a C$6 million financing that involves the issuance of 6.67 million flow-through shares at C90 cents each. Go...
In another example of mining companies across the North stepping up to help their local communities during the ongoing COVID-19 pandemic, Victoria Gold Corp. donated C$100,000 to the Food Bank Society of Whitehorse, which provides emergency food to Yukoners. "We're so pleased to be able to support Yukoners in need as COVID-19 continues and our food banks face the front lines of the pandemic," said Victoria Gold President and CEO John McConnell. "The health, safety and...
One of the most prospective, if not the potentially richest, recent gold discoveries in Yukon Territory is changing owners. Seabridge Gold has agreed to purchase the 3 Aces Project in southeastern Yukon from Golden Predator Mining Corp. for 300,000 Seabridge common shares, contingent future cash payments totaling C$2.25 million and a 0.5% net smelter return royalty on the entire 3 Aces project, the companies reported March 30. The deal also includes an immediate cash payment...
Rau, an intriguing precious and base metals property at the western end of the 185-kilometer- (115 miles) long Rackla Gold property in the Yukon, will continue to be the primary focus of ATAC Resources Ltd.'s exploration efforts in 2020. Last week, the company published the results from an updated preliminary economic assessment (PEA) for Tiger, a carbonate replacement gold deposit that is the most advanced project on the 660-square kilometer (255 square miles) Rau property....
After being stalled for decades, hardrock gold mine development in Yukon Territory appears to be picking up speed, as one company rockets toward full mine production by mid-2020, while at least two others report exciting new discoveries. The Yukon, legendary for producing millions of ounces of gold dating back nearly 125 years, is still one of the best places on Earth to find the precious metal. Yet few modern gold projects have managed to overcome the constraints imposed by...
Another slumbering zinc giant is being awakened in Canada's far north. The MacMillan Pass project, a venture targeting an extensive package of mining claims assembled recently by junior mining company Fireweed Zinc Ltd., hosts the large, advanced Tom and Jason zinc-lead-silver deposits and other occurrences of these minerals in southeastern Yukon Territory. Established in 2015, Fireweed was organized specifically to investigate the potential of the MacMillan Pass area, where...
Victoria Gold Corp. poured the first bar of gold at its Eagle Gold Mine on Sept. 17, elevating the former gold exploration company to the echelon of gold producer. "After all the blood, sweat and tears required to explore, develop, permit, finance and build a gold mine in Canada's North, it is extremely gratifying to pour the first gold bar at Eagle," said Victoria Gold President and CEO John McConnell. The inaugural Eagle Gold bar, poured by Yukon Premier Sandy Silver,...
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
The mining sector has lost one of its rising geology superstars to a tragic plane crash in the Yukon. While flying from ATAC Resources Inc.'s Rackla Gold property, a Cessna 208 Caravan operated by Alkan Air crashed en route to the Yukon community of Mayo on Aug. 6. ATAC Resources Inc. Vice President of Exploration Julia Lane was the lone passenger aboard the aircraft being flown by 24-year-old Shawn Kitchen. Both Lane and Kitchen were pronounced dead at the crash site about...
As the gold price rocketed through US$1,500 per ounce on Aug. 7, Golden Predator Mining Corp. announced it is accelerating the exploration and development drilling needed to restart operations at its Brewery Creek gold mine in the Yukon. "This is the ideal time to intensify our Brewery Creek Mine work program which has been ongoing since 2009," said Golden Predator Mining CEO Janet Lee-Sheriff. During seven seasons of operation beginning in 1996, Viceroy Resource Corp....
The economics of mining the zinc-rich ore at BMC Minerals Ltd.'s Kudz Ze Kayah (KZK) project in southeastern Yukon are robust, according to a feasibility study released on July 15. This engineering and economic study details a mine at KZK that is expected to produce an average of 235 million pounds of zinc, 32 million lb of copper, 56 million lb of lead, 7.8 million ounces of silver and 56,500 oz of gold annually, over an initial nine-year mine life. This operation is based...
With the completion of Ross River Dena Council's independent environmental assessment review of Kudz Ze Kayah (KZK), BMC Minerals Ltd. crosses a major milestone along its path to developing a zinc-silver mine at this project in southeastern Yukon. BMC Minerals, a Canadian subsidiary of England-based mine developer BMC Ltd., acquired KZK from Teck Resources Ltd. in 2015. The ABM deposit at KZK is a zinc-dominant volcanogenic massive sulfide (VMS) deposit with significant...
Support from the Yukon government and Tr'ondëk Hwëch'in First Nation is bolstering Golden Predator Mining Corp.'s plans to restart operations at its Brewery Creek gold mine about 55 kilometers (34 miles) east of Dawson City. During seven seasons of operation beginning in 1996, Viceroy Resource Corp. produced 280,000 ounces of gold at the Brewery Creek Mine. However, with gold prices averaging around US$310/oz in 2002, Viceroy opted to wind down operations and put Brewery C...
White Gold Corp. June 19 announced the start of a 17,000-meter core drill program on three of its properties in the Yukon – JP Ross, White Gold and QV. "The goal of this diamond drill program is threefold: to continue to expand Golden Saddle-Arc's established resources, to follow up on JP Ross's exciting high-grade Vertigo discovery last season and to grow the recently acquired and underexplored VG deposit," said White Gold Corp. CEO David D'Onofrio. The diamond core d...
In a deal that is good for the buyer, seller and the Yukon, Capstone Mining Corp. has agreed to sell the Minto copper mine to United Kingdom-based Pembridge Resources PLC. "The sale of the Minto mine is very good news all around. Capstone will no longer incur the expense of having the mine on care and maintenance, and the recommencement of operations will be positive for Minto employees, contractors and the local economy," said Capstone Mining President and CEO Darren Pylot....
Triumph Gold Corp. is making significant, new strides toward unlocking the geological secrets of Freegold Mountain, a district-scale property that could produce one of the richest copper-gold resources yet discovered in the Yukon. The Canadian and Yukon governments, meanwhile, are moving forward with a joint effort to spur mine development in the Dawson Range where the Freegold Mountain project is located along with many others, including the Casino copper-gold and Coffee...
Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC) has sold the abandoned Mount Nansen Mine to Alexco Environmental Group and JDS Energy and Mining. Mount Nansen is the site of a historical gold and silver mine that was owned by BYG Natural Resources Inc. Unable to meet the requirements of its water license, BYG ceased mining and appointed a receiver who abandoned the property in 1999. Situated about 60 kilometers (37 miles) west of the community of Carmacks and...
