The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Kinross Gold Corp. May 10 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 87,800 ounces of gold during the first quarter, compared with 82,673 oz. during the first three months of 2015. The company attributes the 5,127-oz. increase to improved mining and heap leach operations due to mild weather. The per-ounce cost of Fort Knox gold sold during the quarter was US$705, compared with US$672 during the same period last year. Kinross said the five percent cost hike is due mainly to increased usage of re-agents and additional labor needed to stack more ore on heap leach pads.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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