The mining newspaper for Alaska and Canada's North
Sorted by date Results 676 - 700 of 1210
Kinross Gold Corp. May 7 reported that the Fort Knox Mine in Interior Alaska produced 37,613 ounces of gold during the first three months of 2019, less than half the 79,928 oz of gold produced during the same period last year. The lower production resulted in a significant rise in costs at this open-pit operation about 25 miles north of Fairbanks. The cost for each ounce of gold sold during the first quarter was US$1,023, compared to US$530/oz during the first three months of...
The U.S. Army Corps of Engineers – Alaska District May 3 announced that it has extended the public comment period for the draft environmental impact statement (EIS) for the Pebble copper-gold-molybdenum mine project in Southwest Alaska to June 29. This provides an added 30 days to the comment period, bringing the total length of time for the public to submit their comments on the project to 120 days. In late April, U.S. Senator Lisa Murkowski (R-Alaska) sent a letter asking t...
Decade Resources Ltd. May 2 announced results from sampling completed at its recently acquired Crest gold property near the town of Hyder in Southeast Alaska. Lying just across the border from British Columbia's Golden Triangle region, the Crest property is adjacent to Ascot Resources' Premier gold-silver mine property on the Canadian side of the border. Due to the lack of snow at lower elevations in the Stewart-Hyder area in December, Decade was able to carry out preliminary...
Millrock Resources Inc. April 24 reported that it has staked a large block of claims adjacent to Northern Star Resources Pogo gold mine property in Interior Alaska and has attracted funds to explore Millrock's expanded land package in the Goodpaster Mining District. "We believe that the Goodpaster District will ultimately prove to be a gold mining camp of significant stature. The area has seen very little exploration despite the obvious potential and proximity to...
Northern Star Resources Ltd. April 24 reported that the Australian company's investment in Pogo has resulted in reaching turnaround point for the Alaska gold mine. During the three months ending March 31, the Pogo Mine produced 33,381 ounces of gold from 190,868 metric tons of ore averaging 6.1 grams per metric ton gold. This is down 33 percent from the 50,106 oz of gold produced during the final quarter of 2018. This lower quarterly gold production is the result of both...
Teck Resources Ltd. April 22 reported that extreme winter weather forced a closure of the Delong Mountain Transportation System road that connects the Red Dog Mine in Northwest Alaska to the concentrate storage facility at the port for an extended period during January and February. As a result, the concentrator at Red Dog was idled for 20 days due to limited concentrate storage capacity at the mine site. Due to the downtime, the mill at Red Dog processed 887,000 metric tons...
Kinross Gold Corp. April 16 announced it is streamlining its senior leadership team by eliminating two senior vice presidents, including Lauren Roberts, who was general manager at Fort Knox before assuming the role of senior vice president and chief operating officer for the global gold mining company. "During his long and successful career at Kinross, Lauren was a relentless champion of safety and delivered many accomplishments, including achieving our annual production and...
Hecla Mining Company April 17 reported that its Greens Creek Mine in Southeast Alaska produced 2.23 million ounces of silver during the first quarter of 2019, a 17 percent increase over the first three months of 2018. The Southeast Alaska operation also churned out 14,328 oz of gold during the quarter ending March 31, which is up 9 percent compared to a year ago. The Idaho-based miner said higher ore grades and increased recoveries, partially offset by lower mill throughput,...
Coeur Mining Inc. April 11 reported a dip in gold production at its Kensington Mine in Southeast Alaska and an increase in silver, zinc and lead production at the Silvertip Mine in northern British Columbia. Kensington produced 29,973 ounces of gold during the first quarter of this year, which is down 15 percent from the 35,335 oz recovered at the Southeast Alaska mine during the previous quarter but up 15 percent from the 26,064 oz produced during the first three months of 20...
Alaska Miners Association April 10 released "The economic benefits of Alaska's mining industry," a report put together by the McDowell Group that details roughly $1.26 billion in direct economic benefits from Alaska's mining sector during 2018. Healthy paychecks being brought home to more than 60 communities across Alaska is mining's biggest single economic contributor to the state. Alaska's mines, development and mineral exploration projects paid roughly $459 million to some...
White Rock Minerals Ltd. April 9 reported that following the March 25 signing of a joint venture with Sandfire Resources, the two Australian companies are already gearing up for an exciting 2019 field season at the zinc-rich Red Mountain project about 60 miles (100 kilometers) south of Fairbanks, Alaska. Two deposits already identified on the property – Dry Creek and West Tundra Flats – host 16.7 million metric tons of inferred resource averaging 4.1 percent (1.49 billion pou...
Usibelli Coal Mine April 10 reported that its crew of roughly 100 employees worked 798 consecutive days without a single lost time accident (LTA), a new safety record for the Interior Alaska mine. This surpasses the coal mine's previous safety record of 797 days without an LTA, set by its crews in 2006. "While we are proud of this accomplishment, there is never a sense of complacency about the safety challenge," said Usibelli Coal Mine President and CEO Joe Usibelli Jr. "We...
PolarX Ltd. March 25 announced that 3D modelling of magnetic data collected last year provides further evidence of a large porphyry copper-gold target at Saturn, an Alaska Range prospect previously known as Zackly SE due to its proximity to a high-grade skarn deposit on the Australian company's property. PolarX began its exploration at Alaska Range with expansion drilling at the known Zackly skarn, which hosts 3.4 million metric tons of inferred resource averaging 1.2 percent...
Graphite One Inc. March 26 reported an update resource with more graphite at higher grades, a good sign that the Graphite Creek deposit in western Alaska could provide a much needed American supply of this carboniferous material required to make the batteries powering electric vehicles. "Graphite Creek continues to show potential to be a significant domestic source of critical materials for electric vehicle batteries, power storage and various other critical and strategic end...
Trilogy Metals Inc. March 19 reported that much of the step-out drilling completed over the past two years is still too widely spaced to result in a significant increase in resources at this large copper deposit on the company's Upper Kobuk Mineral Projects in Northwest Alaska. At a cut-off grade of 0.5 percent, the open-pit portion of Bornite hosts 40.5 million metric tons of indicated resource averaging 1.02 percent (913 million pounds) copper; and 84.1 million metric tons...
International Tower Hill Mines Ltd. March 15 said it is continuing metallurgical work to define and refine the project flowsheet for its 11.5-million-ounce Livengood gold project located along a paved highway about 70 miles north of Fairbanks, Alaska. This work is part of a US$3.7 million program approved by Tower Hill's board and will build upon the metallurgical studies undertaken in 2018 to continue to define and refine the project flowsheet. Last year's program involved...
Graphite One Inc. March 18 reported that all six holes drilled last year at Graphite Creek, a large-flake graphite deposit about 37 miles (60 kilometers) north of Nome in western Alaska, cut sections topping greater than 10 percent graphite The best hole, 18GC026, cut 5.8 meters of 8.06 percent graphite from 27.8 meters; and 16.3 meters of 11.93 percent graphite from 44 meters. While this hole contained the widest intercept when considering both grade and width, all of the...
Northern Dynasty Minerals Ltd. March 12 announced plans to raise US$10 million to continue permitting and stakeholder engagement for its Pebble copper-gold-molybdenum project in Southwest Alaska. Cantor Fitzgerald Canada Corp. has agreed to lead a syndicate of underwriters, which also includes BMO Capital Markets, H.C. Wainwright & Co., LLC. and TD Securities Inc., to purchase, on a bought deal basis, 15.63 million Northern Dynasty common shares at US64 cents per share, for...
Graphite One Resources Inc. March 13 announced that it has received requisite approvals to change its name to Graphite One Inc. and consolidate its shares on a 10-to-1 basis. While developing Graphite Creek property in western Alaska is still a part of Graphite One's plans, the new name reflects Graphite One's transition to a technology and advanced materials manufacturing company that refines graphite mined at Graphite Creek into the materials needed for lithium-ion...
Redstar Gold Corp. March 12 announced that John Gray, a geologist with 25 years of experience, is to be the company's new president. Before agreeing to join Redstar, Gray served as CEO of Verde Resources, a junior exploration company that is currently in transition. He previously served as CEO of Tesoro Minerals and African Aura Resources. "We are confident that John will bring the same energy, diligence and professionalism that he successfully brought to his previous...
Freegold Ventures Ltd. March 5 reported that the potentially large porphyry copper-gold-silver-tungsten deposits it has been exploring on the Shorty Creek project in Interior Alaska has drawn the interest of Australia-based South32 Ltd. Under an option agreement with Freegold Ventures, a South32 subsidiary has agreed to fund up to US$10 million of exploration over the next four years, including US$2 million this year. This exploration spending keeps an option open for South32...
Trilogy Metals Inc. March 5 reported promising results from additional copper and cobalt metallurgical results for the Bornite project in the Ambler mining district of Northwest Alaska. According to a 2016 calculation, the Bornite project hosts roughly 6.4 billion pounds of copper and 77 million lb of cobalt. These metal quantities, however, are expected to rise when an update resource calculation currently underway is complete. Nine samples from drilling over the past two yea...
Northern Cobalt Ltd. Feb. 26 reported that a recently completed magnetic survey has confirmed the presence of a large magnetite body at its Snettisham vanadium-titanium project in Southeast Alaska. Situated about 50 kilometers (32 miles) south of Juneau, Snettisham hosts a large outcropping body of magnetite with iron, titanium, vanadium, and possibly platinum-group elements. This intrusion extends for at least 3,800 meters along the coast of the Snettisham Peninsula and up...
TNR Gold Corp. Feb. 25 said it is continuing to seek a major gold mining company to become a joint venture partner on its Shotgun Gold project in Alaska. Located about 110 miles south of the 39-million-ounce Donlin Gold mine project and about the same distance northeast of the Pebble copper-gold-molybdenum project, this property lies at the intersection of two trends known to host big deposits. TNR optioned Shotgun from Novagold Resources Inc. in 2002 and gained full...
A row that has erupted between IBC Advanced Technologies Inc. and Ucore Rare Metals Inc. threatens to delay, or even derail, the proposed Strategic Metals Complex, a rare earth element separation facility that Ucore is planning to develop near Ketchikan, Alaska. The conflict has arisen since Ucore announced its plans to buy IBC, the Utah-based company that developed the molecular recognition technology the two companies have been collaborating on applying towards the...