The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
Teck Resources Ltd. April 26 reported that severe snowstorms impacted first quarter zinc production and revenues from its Red Dog Mine in Northwest Alaska. During the first three months of this year, Red Dog produced 126,200 metric tons (278 million pounds) of zinc, which is 4% lower than the 131,600 metric tons (290.1 million lb) produced during the same period of 2022. First quarter lead production at Red Dog was 23,100 metric tons (50.9 million lb), roughly 7% higher than...
White Gold Corp. April 25 announced an updated mineral resource estimate for its flagship White Gold project which has added the Ryan's Surprise and VG deposits to the tally, reaffirming its indicated category and swelling the amount of gold in the inferred resource category by 41%. "We are very pleased with the significant increase in our mineral resources," said White Gold CEO David D'Onofrio. "In a relatively short period of time, we have delineated a very large gold...
American Pacific Mining Corp. April 24 announced that a US$25.5 million (C$34.5 million) budget has been approved for the 2023 work program at Palmer, which will be the largest single-season program ever carried out at this high-grade volcanogenic massive sulfide project in Southeast Alaska. A 2019 preliminary economic assessment that was updated early in 2022 outlines plans for an underground mine and 3,500-metric-ton-per-day mill at Palmer that would produce 1.07 billion...
Graphite One Inc. April 27 announced that it has received the first active anode material for lithium-ion batteries produced from material derived from its Graphite Creek deposit in western Alaska. Active anode material, also known as coated spherical graphite, is the single largest ingredient in the lithium batteries powering electric vehicles. Given the auto sector's rapid transition to EVs, S&P Global Platts' estimates the annual global demand for graphite will rocket to 5...
The U.S. Army Corps of Engineers April 25 announced that it is taking a second look at its decision to deny Pebble Limited Partnership's application for the permits to establish a mining operation at the Pebble copper project in the Bristol Bay watershed of Southwest Alaska. The mine put forward for permitting is expected to produce 320 million pounds of copper; 363,000 ounces of gold; 15 million pounds of molybdenum; 1.8 million oz of silver; and 12,000 kilograms of rhenium a...
Northern Star Resources Ltd. April 26 announced that an unscheduled shutdown to repair the ball mill motor at Pogo resulted in a drop in gold production and increase in the per-ounce production costs at the company's Alaska operation. When restarting the ball mill at the end of a routine mill shutdown in early March, the Pogo team discovered damage to the motor. At the time, Northern Star anticipated that it would take up to six weeks to make the repairs. In its quarterly...
Nighthawk Gold Corp. April 26 published results from a preliminary economic assessment that details very strong economics for a mine at its Colomac project in Northwest Territories that would produce 3.26 million ounces of gold over 11.2 years of operation. The PEA envisions a "hub-and-spoke" mining operation with a 17,000-metric-ton-per-day mill located at Colomac Centre, where most of the resources are located, with ore from satellite deposits across the 359-square-mile...
U.S. GoldMining Inc. April 24 announced that it has closed a US$20 million initial public offering that provides the newly minted company with funds for the exploration and development of the Whistler copper-gold-silver project in Alaska. "The launch of U.S. GoldMining supports our confidence in the potential for the Whistler Project and stands testament to the caliber of our team," U.S. GoldMining CEO Tim Smith said upon the completion of the IPO. "U.S. GoldMining is now...
Just hours before shareholder vote, Teck pulls its plan to split company; leaves door open for Glencore to pursue takeover. On the dawn of its annual shareholder meeting, Teck Resources Ltd. removed a pivotal proposal to split the iconic Canadian mining company into a base metals-focused company to be rebranded as Teck Metals Corp. and a metallurgical coal company to be named Elk Valley Resources Ltd. Shareholder approval of this split would have likely put to rest an...
To follow up on the success of its 2022 exploration at Kitsault Valley, Dolly Varden Silver Corp. is mobilizing five rigs to complete up to 45,000 meters of resource expansion and exploration drilling across this precious metals-rich project in Northern British Columbia. Located about 40 kilometers (25 miles) southeast of Stewart, BC, the 63-square-mile (163 square kilometers) Kitsault Valley project is an amalgamation of Dolly Varden's namesake project and the adjacent Homest...
NorZinc Ltd. April 20 announced the completion of a 170-kilometer (about 105 miles) pioneer winter road to the Prairie Creek Mine, which serves as the first phase of an all-season access road to the zinc mine in Canada's Northwest Territories. Prairie Creek is the site of a historical zinc-silver mine that was developed in the 1970s and 1980s but was never ramped up to full production due to a collapse in the price of silver that supported the economics of the project....
