The mining newspaper for Alaska and Canada's North

Articles from the May 12, 2023 edition

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  • An operator standing at a control panel is dwarfed by the spinning mills.

    Fort Knox off to a good start in 2023

    Shane Lasley, Mining News|Updated May 18, 2023

    Kinross Gold Corp. May 9 reported that its Fort Knox Mine in Alaska produced 65,404 ounces of gold during the first quarter of 2023, which is a 33% drop from the 87,061 oz produced during the previous three-month period but nearly 19% higher than the 54,803 oz produced during the first quarter of 2022. Due to the effects of cold weather on recoveries from the heap leach pad, a drop in gold production during the first quarter is an annual event at Fort Knox. As the weather warm...

  • Infographic of select mining regions that performed well on the Fraser Survey.

    North of 60 Mining regions lose favor

    Shane Lasley, Mining News|Updated May 18, 2023

    Mining execs rank Alaska, Yukon, BC, NWT and Nunavut high on mineral potential; policy issues weigh on Fraser mining survey scores. With the exception of British Columbia, all the mining jurisdictions in the North of 60 Mining News area lost favor in the latest edition of the Fraser Institute's Annual Survey of Mining Companies. Each year, Canada-based Fraser Institute calls on mining executives from around the world to rank global mining jurisdictions when it comes to...

  • A large clear gem-quality diamond recovered from Diavik Mine in Canada’s NWT.

    Celebrating 20 years of Diavik diamonds

    Shane Lasley, Mining News|Updated May 18, 2023

    Rio Tinto reflects on extraordinary people, spirit and innovation behind Far North Canada diamond mine. Rio Tinto celebrates the extraordinary people, award-winning innovation, and pioneering spirit behind the 20 years of producing brilliant diamonds at the Diavik Mine in Canada's Northwest Territories. Discovered during the great Canadian diamond rush in the 1990s, Diavik began commercially producing diamonds in 2003. Over the ensuing two decades, Diavik has produced over...

  • Workers traverse a highly mineralized rock outcrop at the KSM Mine project.

    Seabridge secures $150 million for KSM

    Shane Lasley, Mining News|Updated May 18, 2023

    Cash from royalty sold to Sprott will help elevate BC copper-gold-silver mine project to "substantially started" status. Seabridge Gold Inc. May 11 announced that it has raised US$150 million (C$201 million) to carry out the work required to elevate KSM to the "substantially started" status, which will ensure the longevity of the environmental assessment certificate for this copper-gold-silver mine project in British Columbia's Golden Triangle. Once a certain threshold has...

  • Drone picture of drilling on a mountain ridge at RC Gold project.

    RC Gold returns plentiful VG for Sitka Gold

    A.J. Roan, Mining News|Updated May 11, 2023

    Sitka Gold Corp. May 8 announced multiple occurrences of visible gold has been observed in all three holes drilled during the winter phase of 2023 diamond drilling at the company's RC Gold project in Yukon, Canada. "We are very encouraged by the visual observations of the drill holes completed during the initial phase of 2023 drilling at RC Gold," said Sitka Gold CEO Cor Coe. "An early start to this year's diamond drilling at the company's year-round, road accessible RC Gold...

  • Winter view of facility that houses mill at the Premier gold-silver project.

    Ascot gears up for 2023 Premier drilling

    Shane Lasley, Mining News|Updated May 11, 2023

    Ascot Resources Ltd. May 11 announced plans for up to 14,000 meters of resource expansion and upgrade drilling during the 2023 season at its Premier gold mine project in Northern British Columbia. Situated near the mining town of Stewart at the southern tip of BC's Golden Triangle, Premier is home to a past-producing gold mine that last operated in the 1990s. A feasibility study completed in 2020 envisions four underground mines – Big Missouri, Silver Coin, Premier, and Red M...

  • A smartphone displays a Newmont webpage before an up-trending stock chart.

    Newmont has extra week for Newcrest offer

    Shane Lasley, Mining News|Updated May 11, 2023

    Newcrest Mining Ltd. May 11 announced that it has granted Newmont Corp. one more week to complete due diligence ahead of finalizing a merger between the two large mining companies. In February, it was revealed that Newmont had made an all-shares merger offer of 0.363 Newmont shares for each Newcrest share held and then a second for 0.38 Newmont shares per Newcrest share. Newcrest, however, balked from the first two offers because the board of directors did not believe either...

  • Map of geophysical and geochemical targets to be drilled at Tanacross.

    Kenorland readies for Tanacross drilling

    Shane Lasley, Mining News|Updated May 11, 2023

    Kenorland Minerals Ltd. May 10 announced that it plans to carry out drilling and geophysics on its Tanacross and Healy mineral exploration projects in Alaska. In April, Kenorland announced that Antofagasta Minerals, a subsidiary of Chilean copper miner Antofagasta PLC, plans to invest US$3.8 million this year on exploration at the Tanacross porphyry copper-gold project in eastern Alaska. Last year, Antofagasta Minerals agreed to pay Kenorland an initial US$1 million and...