The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 926 - 950 of 1211
Novagold Resources Inc. April 3 reported that it ended the first quarter on pace to achieve its 2017 goals at the Donlin Gold project in Southwest Alaska and the Galore Creek copper-gold-silver project in northwestern British Columbia. "With more than US$98 million in our treasury as of Feb. 28, 2017, we are able to concentrate on activities related to permitting Donlin Gold, maintaining strong ties with all of our stakeholders and delivering on our stated objectives," said...
U.S. Sen. Lisa Murkowski, R-Alaska, March 28 held a hearing before the Senate Committee on Energy and Natural Resources to examine the United States' increasing dependence on foreign sources of minerals and the opportunities we have to rebuild and improve the domestic supply chain. The hearing touched on numerous issues, including permitting delays, which create a significant obstacle to economically viable domestic mineral production. Referring to data recently published by...
Contango Ore Inc. Feb. 2 said the first phase of 2017 drilling at the Tetlin gold project in Interior Alaska was underway. Peak Gold LLC, a joint venture between Contango Ore and a wholly owned subsidiary of Royal Gold Inc., invested roughly US$10.6 million on exploration at Tetlin in 2016, which included the first winter drill program at this project located just south of the Alaska Highway near Tok. Royal Gold, which is the operator of the JV, can earn up to a 40 percent...
Novagold Resources Inc. Nov. 25 said it is anticipating the environmental impact statement for the Donlin Gold project to be finalized around this time next year. The Donlin Gold Mine being considered in the EIS includes a 53,500-metric-ton-per-day mill that is expected to produce an average of 1.1 million ounces of gold annually for 27 years. During its first five years of operation, this annual average will be closer to 1.5 million oz. Donlin Gold LLC - equally owned by subsidiaries of Novagold Resources Inc. and Barrick...
Graphite One Resources Inc. Feb. 16 said it has entered into a memorandum of understanding with the Alaska Industrial Development and Export Authority to explore opportunities to collaborate on the development of the Graphite One project, a plan outlined in a recent preliminary economic assessment for developing a mine and initial processing facility at the company's Graphite Creek project in western Alaska and a separate manufacturing facility that would produce high-grade coated spherical graphite primarily for lithium-ion...
Coeur Mining Inc. Feb. 8 said it plans to begin processing ore from the Jualin deposit at Kensington towards the end of this year. To bring this higher grade deposit online while maintaining production from the Kensington side of the project, Coeur invested roughly US$36.8 million in capital expenditures at the Southeast Alaska operation in 2016, a figure that is expected to be above US$40 million this year. The company invested roughly US$6.2 million on exploration in 2016, roughly US$3.5 million of which is included in the...
Teck Resources Ltd. Feb. 15 reported a strong finish to the year at Red Dog, resulting in the Northwest Alaska mine producing 583,000 metric tons (1.29 billion pounds) of zinc and 122,300 metric tons (269.6 million lbs) of lead in 2016. Production of both metals exceeded the company's guidance for the year. Teck is forecasting Red Dog to produce 545,000 to 565,000 metric tons of zinc and 110,000 to 115,000 metric tons of lead. The mine was also bolstered by significantly higher zinc prices. During the fourth quarter, zinc...
Hecla Mining Co. Feb. 22 reported that its 2016 exploration program successfully replaced the 11.9 million ounces of silver and 79,150 oz of gold mined at its Greens Creek Mine in Southeast Alaska last year, leaving reserves of both precious metals virtually unchanged. Greens Creek ended 2016 with 7.59 million tons of reserves averaging 11.7 oz/ton (88.87 million oz) silver; 0.09 oz/t (673,000 oz) gold; 7.6 percent (576,130 tons) zinc; and 2.9 percent (217,280 tons) lead. Roughly 8.3 million oz of silver and 46,500 oz of gold...
Kinross Gold Corp. Feb. 15 reported that Fort Knox Mine near Fairbanks produced 409,844 ounces of gold in 2015, a slight increase over the mine's output of 401,553 oz in 2015. Some 13.22 million metric tons of ore averaging roughly 0.69 grams per metric ton gold was processed through the mill in 2016; and approximately 25.14 million metric tons of ore averaging about 0.27 g/t gold was stacked on the mine's heap leach pad during the year. Production costs at the Interior Alaska mine totaled US$302.2 million last year, a...
The Bureau of Land Management Feb. 28 opened a 90-day public scoping period for the Ambler Mining District Industrial Access Road, a proposed 211-mile road that would run west from the Dalton Highway along the southern foothills of the Brooks Range to the Ambler Mining District. If built, this road would provide surface access to the Upper Kobuk Minerals Project, a large high-grade copper district being explored under a partnership between Trilogy Metals and NANA Regional Corp. According to the latest resource calculations,...
Goldrich Mining Company March 7 said it anticipates higher gold production and potential resources expansion at the Chandalar gold mine in northern Alaska. Goldrich NyacAU Placer LLC, a joint venture between Goldrich and NyacAU to mine the various placer deposits at Goldrich's 23,000-acre Chandalar gold property, forecasts total 2017 production will be approximately 14,100 ounces of fine gold at a cost of roughly US$700/oz. In 2016, this operation produced 8,227 oz of fine gold at a cost of US$960/oz. Goldrich cautioned that...
CopperBank Resources Corp. March 7 said it has hired DOWL, an Alaska-based engineering firm, to provide initial infrastructure planning for Pyramid, an advanced exploration project on the Alaska Peninsula that hosts 172.8 million metric tons of inferred resources, averaging 0.35 percent (1.34 billion pounds) copper, 0.02 percent (74.4 million lbs) molybdenum and 0.09 grams per metric tons (488,000 ounces) gold. “Three very important components of any copper project of merit are geology, location and access to i...
Northern Dynasty Minerals Ltd. March 8 said Pebble Limited Partnership has selected HDR Alaska, Inc. to serve as lead regulatory and permitting consultant for the world-class Pebble copper-gold-molybdenum project in Southwest Alaska. HDR will assist in preparing the documentation Pebble Partnership will need to initiate federal and state permitting by the end of the year, in anticipation of a successful outcome of the company's strategy to address the U.S. Environmental...
Ucore Rare Metals Inc. March 13 reported that it has secured an option to acquire the outstanding shares of IBC Advanced Technologies, a company that has been instrumental in designing and developing a rare earth separation process for Ucore. Ucore paid US$650,000 to enter the two-year option. Under the terms of the agreement, Ucore will have the right to purchase the outstanding shares of IBC for US$10 million cash and 10 million Ucore units, which includes one Ucore share and half of a purchase warrant. The agreement also...
Northern Dynasty Minerals Ltd. May 20 reported the Pebble Limited Partnership and the U.S. Environmental Protection Agency have filed a joint motion in federal court to extend a stay of proceedings to May 4 in ongoing litigation under the Federal Advisory Committee Act. In 2014, the Pebble Partnership had filed a suit, alleging EPA violated FACA by working inappropriately close to anti-Pebble groups as the regulatory agency built a case for placing restrictions on yet to be applied for permits for the development of a mine...
Coventry Minerals Ltd. April 5 published a mineral resource estimate for Caribou Dome and said it has begun a preliminary scoping study to evaluate the viability of developing an open-pit mine at this high-grade copper project in Southcentral Alaska. Using a 0.5 percent cut-off grade, 2.8 million metric tons of total resource (measured, indicated and inferred) averaging 3.1 percent (86,000 metric tons) copper has been delineated at Caribou Dome. This includes 1.6 million metric tons of resource averaging 3 percent (48,900...
U.S. Bureau of Land Management April 7 announced a nine-month extension of the scoping period for the Ambler Road project, a proposed 211-mile road that would run west from the Dalton Highway along the southern foothills of the Brooks Range to the Ambler Mining District. In February, BLM announced a 90-day scoping period for the project that was slated to expire on May 31. That expiration has now been extended to Jan. 31, 2018, for a total of 338 days of scoping. Tim La Marr, manager of BLM's Central Yukon field office, said...
Coeur Mining Inc. April 7 reported decreased gold production at its Kensington Mine in Southeast Alaska. Kensington recovered 26,197 ounces of gold during the first quarter, a 22 percent drop from the previous quarter and 18 percent less than the first quarter of 2016. This dip in production is primarily due to anticipated lower ore grades due to mine sequencing. The average grade of material processed at Kensington during the first quarter was 0.17 ounces per ton gold. This compares to 0.22 oz/t gold in the fourth quarter...
Graphite One Resources Inc. Jan. 25 published the results of a preliminary economic assessment, or PEA, for the development of its Graphite One project in western Alaska. Formerly referred to as Graphite Creek, the project is conceived as a vertically integrated manufacturer of high grade coated spherical graphite with mining and processing facilities near Nome and an advanced material processing facility outside of Alaska. Due to its maritime links to Alaska, low-cost power a...
Endurance Gold Corp. April 3 said it has entered into an option to acquire the Trout and Wolverine properties immediately northeast of its Elephant Mountain gold project in Interior Alaska. Trout hosts two known gold targets - Trout and South Fork. The 1,000- by 300-meter Trout target is an intrusive-hosted soil anomaly that has returned soil values of up to 1,880 parts per billion gold. The highest grade rock sample collected at this target assayed at 9.64 grams per metric...
PacRim Coal LP March 31 said it has suspended its pursuit of the permits for development of the Chuitna coal mine in Southcentral Alaska. "Following several months of internal review and discussions, the partners in PacRim Coal LP have decided to suspend pursuit of its permitting efforts to invest in other projects," the company posted in a statement. Officials at PacRim declined to comment further on the decision. If developed as planned, Chuitna would have produced at least...
Rhyolite Resources Ltd. March 27 closed a C$1.6 million financing, which provides the owner of the Paxson gold project in Interior Alaska working capital and funds to potentially acquire new exploration properties. The financing involved the issuance of 16 million units at C10 cents each. Each unit consists of one share and half a purchase warrant, with each whole warrant exercisable into an additional Rhyolite share at C15 cents for two years. Rhyolite said it is evaluating...
Ucore Rare Metals Inc. Feb. 8 reported that it has completed the initial stage of detailed engineering for a platinum group metals - rhodium, palladium and platinum - phase of its U.S. strategic metals complex. Being developed as a joint venture between Ucore and IBC Advanced Technologies, the strategic metals complex is a planned industrial scale version of the SuperLig One pilot plant the partners developed to separate the rare earths found at the Bokan Mountain project in...
International Tower Hill Mines Ltd. Feb. 1 said it has paid the U$14.7 million payment due on certain claims associated with its Livengood gold project in Interior Alaska. Following the completion of the land payment, Tower Hill had US$7.5 million in cash, most of which the company will use to carry out a US$6.3 million work program focused largely on improving the economics of developing a mine at Livengood. In September, Tower Hill released results of an initial phase of...
The Nature Conservancy Jan. 26 announced a deal that secures the sale and permanent retirement of an Alaskan coal field, while ensuring long-term income for an Alaskan Native community. The deal will see the Chugach Alaska Corp., an Alaska Native regional corporation whose traditional lands stretch along the gulf of Alaska from the Kenai Peninsula to the Alaska Panhandle, sell the rights to its Bering River coal field to New Forests, a sustainable forestry and conservation...
