The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
Mining is expected to fuel strong economic growth in Nunavut and Yukon in the coming years, according to The Conference Board of Canada's latest Territorial Outlook. "With many new mining projects on the horizon in Nunavut and Yukon, growth is expected to take off over the next five years," said Marie-Christine Bernard, director, provincial and territorial forecasting, The Conference Board of Canada. The conference board's outlook for Northwest Territories, however, is not...
Constantine Metal Resources Ltd. May 1 said it intends to raise C$10 million through a non-brokered private placement that will include a major strategic investment from Electrum Strategic Opportunities Fund II L.P., an investment fund managed by The Electrum Group LLC. Altius Minerals Corp. and John Tognetti, a major shareholder and Constantine Metal insider, are also slated to participate in the financing. "We welcome the Electrum 'family' as a major shareholder, who we...
U.S. Army Corps of Engineers' April 27 filing of the final Environmental Impact Statement for Donlin Gold is a major milestone along the roughly six-year journey to obtain the permits needed to develop a world-class mine at the 39-million-ounce gold project in the heart of the Kuskokwim Gold Belt in Southwest Alaska. "The filing of the Donlin Gold EIS is a major step forward in unlocking the enormous value of our uniquely attractive gold asset," said Novagold Resources Inc....
Agnico Eagle Mines Ltd. April 26 said its Amaruq and Meliadine gold mine development projects in Nunavut remain on schedule and are expected to boost the company's annual gold production to 2 million ounces by 2020. "During the first quarter, we continued to make very good progress at our Nunavut growth projects, with Amaruq permitting activities advancing as expected and development of the underground exploration ramp proceeding as planned," said Agnico Eagle CEO Sean Boyd....
Aura Silver Resources Inc. May 3 reported that Agnico Eagle Mines Ltd will continue to carry out exploration at Aura's Greyhound gold property this year. Situated 32 kilometers (20 miles) south of Agnico Eagle's Meadowbank gold mine in Nunavut, Greyhound hosts gold-rich zones and base metals-rich volcanogenic massive sulfide targets. Agnico earned an initial 51 percent interest in a portion of Greyhound upon completing a 2017 spring drilling program, a stake that can be...
Solstice Gold Corp. May 1 provided details of the 2018 exploration program at its Kahuna gold project in Nunavut. Spun out of Dunnedin Ventures Inc. in April, Solstice Gold is focused on exploring the gold potential at Kahuna, which is about seven kilometers (4.4 miles) east of Agnico-Eagle Mines' Meliadine gold mine project. Dunnedin has outlined 4.02 million carats of diamonds in 3.99 million metric tons of inferred resource averaging 1.01 carats per metric tons in two...
Goldcorp Inc. and Tr'ondëk Hwëch'in May 1 announced a collaboration agreement that represents a landmark in the development of a mine at Goldcorp's Coffee gold project in Yukon's White Gold District. "Through strong collaboration, mutual commitments and respect for each other, together, we can create shared value with mutual benefits through all stages of Coffee's mine life," Goldcorp President and CEO David Garofalo said. A significant milestone towards building a long-term r...
Alexco Resource Corp. May 2 reported the completion of the Bermingham underground exploration decline and is preparing for an initial 5,000 meters of infill and exploration drilling in and around the upper portion of this very high-grade silver deposit at its Keno Hill Silver District project in the Yukon. This upper portion being targeted with infill drilling contains an estimated 110,000 metric tons of potentially mineable ore with an estimated head grade of 1,560 grams per...
Goldstrike Resources Ltd. April 30 reported that Newmont Mining Corp. is funding up to 10,000 meters of drilling at the expansive Plateau gold property in the Yukon. Early last year, Newmont cut a C$53 million deal to earn up to a 75 percent stake in the expansive and gold-rich Plateau property by paying Goldstrike C$8 million and investing C$38.8 million to explore the gold property over the next decade. The agreement included a C$6 million private placement financing under...
Trilogy Metals Inc. May 3 said it has begun work to estimate a cobalt resource for its Bornite project in the Ambler Mining District of Northwest Alaska. Cobalt, an important ingredient in the electrodes of rechargeable batteries, is on the U.S. Department of Interior's draft list of 35 minerals considered critical to the economic and national security of the United States. In addition to the 2.7 billion pounds of copper in an open-pit resource averaging roughly 1 percent...
