Stories from November, 2024
Stories from November, 2024
High-grade ore from Manh Choh elevates gold output at Interior Alaska mine above 149,000 oz during Q3. Kinross Gold Corp. Nov. 6 reported that its Fort Knox Mine in Alaska produced 149,093 ounces of gold during the third quarter of 2024, which is more than double the 69,914 oz produced during the previous three-month period and the 71,611 oz produced during the third quarter of 2024. This significant jump in production at the iconic mine about 20 miles north of Fairbanks,...
Geologist and former executive vice president of growth at Barrick takes the helm of America's largest silver mining company. Marking a new era for the oldest and largest primary silver-producing company in the United States, Hecla Mining Company has appointed Rob Krcmarov to be its new president and CEO beginning on Nov. 7. "Rob is a highly respected figure in the mining industry with a proven track record across various international markets," said Hecla Mining Chair...
Partnership outlines plans for sustainable development and regional growth at Pine Point. In a move set to reshape the economic landscape of the Hub of the North, Pine Point Mining Limited (PPML) and the Town of Hay River have signed a memorandum of understanding to advance the revival of the historic Pine Point zinc-lead project, establishing a framework for sustainable development and local opportunity in the Northwest Territories. Located along the southern shore of Great...
Granite Creek assembles the catalyst-rich projects, scientific expertise to become a first mover in the geological hydrogen space. A belt of rocks spanning the Southeast Alaska Panhandle hosts at least a dozen prospects and deposits enriched with nickel, copper, and platinum group metals (PGM) needed for the energy transition. Could these projects also host hidden stores of geological hydrogen that could offer a clean-burning fuel for the 21st century? Granite Creek Copper...
Montana-based antimony producer stakes Stibnite Creek project west of Tok, Alaska. United States Antimony Corp. Oct. 6 announced that it has staked six square miles (3,840 acres) of state mining claims covering the historical Stibnite Creek antimony project near the crossroads town of Tok in eastern Alaska, marking the second Alaska project picked up by the Montana-based antimony producer this year. "The State of Alaska is under-explored, and we are considering other mining...
Alaska's critical minerals potential to take center stage at AMA convention; antimony and graphite expected to be hot topics. Rising geopolitical tensions around the globe, China's increasing use of critical minerals as a trade war weapon, and the International Energy Agency's forecast that an additional $800 billion needs to be invested into the mining of energy transition metals by 2040 in order to meet global climate ambitions, have political and military leaders looking...
With demand outstripping supply, price for Alaska's highest-valued mined product sets up bright 2025 for 49th State and Red Dog. Rising demand and a three-year-long slide in supply are pushing up the price of zinc, which is good news for zinc-producing jurisdictions like Alaska but not so much for the buyers of this galvanizing metal widely used for renewable energy and transportation infrastructure, automobiles, and a wide array of other applications. Potential supply...
An interesting tale of a mineral that has shaped human progress for over a millennium, from alchemy to modern industry. Mysterious, enduring, and occasionally deadly, few elements have woven themselves into the tapestry of human history quite like antimony. Revered for its alchemical potential and wielding a double-edged role as both poison and remedy, this versatile element found its way into everything from ancient makeup and medicine to early batteries and, ultimately, a...
With the price of gold through the roof, now is a good time to be a gold miner in Alaska, but then again, it always has been. I have been ambling around Western Europe for the past few weeks. Wherever I go, I run into the same issue – there are a lot of people-watchers who fret about the pending Presidential election in the United States. My reaction is to urge them not to dismay; America has hosted bulls in the china shop before, and if that is what comes, so be it. My...
