The mining newspaper for Alaska and Canada's North

Articles from the May 14, 2021 edition

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  • Pembridge Resources Capstone Mining Minto copper mine Yukon Canada PEA

    New study extends Minto copper mine life

    Shane Lasley, Mining News|Updated Jun 24, 2021

    Pembridge Resources plc May 12 reported that the life of its Minto copper mine in the Yukon has been extended out to 2028, five years beyond the 2023 life of mine previously reported by the London Stock Exchange-listed company. Based on a preliminary economic assessment prepared for Pembridge, Minto is expected to produce 277 million pounds of copper, 129,000 ounces of gold, and 930,000 oz of silver over the eight years considered in the scoping level study. The mine is...

  • Kinross Gold Fort Knox Mine Fairbanks Manh Choh 2021 Alaska Q1 heap leach

    Fort Knox Mine off to a strong 2021 start

    Shane Lasley, Mining News|Updated Jun 24, 2021

    With a strong gold production at Fort Knox, the start of development at the Gil-Sourdough satellite pits, and the programs aimed at Manh Choh into production by 2024, Kinross Gold Corp. got off to a busy start to 2021 in Alaska. During the first three months of 2021, the company's Fort Knox Mine north of Fairbanks produced 55,815 ounces of gold, which is slightly less than the 57,523 oz produced during the previous quarter but roughly 8% higher than the 51,667 oz of gold...

  • Grande Portage Resources Herbert Gold Southeast Alaska new resource calculation

    High-grade Herbert Gold tops 1.2 million oz

    Shane Lasley, Mining News|Updated Jun 3, 2021

    Grande Portage Resources Ltd. May 12 reported that it has nearly double the amount of gold in the indicated resource category at Herbert Gold, while also adding ounces to the inferred resources at this high-grade gold project in Southeast Alaska. Herbert Gold now hosts 3.64 million metric tons of indicated resource averaging 10.23 grams per metric ton (1.2 million oz) gold and 5.87 g/t (686,700 oz) silver; plus 1.14 million metric tons of inferred resource averaging 8.91 g/t...

  • Yukon gold mine Coeur Mining Orion investment buyout merger acquisition

    Coeur nabs major stake in Victoria Gold

    Shane Lasley, Mining News|Updated Jun 3, 2021

    Coeur Mining Inc. is investing roughly US$117.2 million (C$141.7 million) to acquire a 17.8% interest in Victoria Gold Corp. and its Eagle Gold Mine in Canada's Yukon – a foothold that could see the Chicago-based miner gaining a much larger position in a northern gold mine it has been keeping an eye on. "We have long admired the quality of Victoria's Eagle asset and its recent success in ramping up operations," said Coeur Mining President and CEO Mitchell Krebs. Victoria t...

  • Apollo Sitka Mine Aquila Heliostar Metals Unga project Aleutian Alaska Islands

    Drilling underway at Unga gold project

    Shane Lasley, Mining News|Updated May 27, 2021

    Heliostar Metals Ltd. May 13 announced the start of a 7,000-meter drill program focused on expanding high-grade gold mineralization and testing new targets at its Unga project in Alaska. Covering roughly 93 square miles (240 square kilometers) of the Unga and Popof islands off the southern coast of the Alaska Peninsula, the Unga project hosts the historic Apollo and Sitka mines, which produced roughly 150,000 ounces of gold from high-grade epithermal veins from around 1886 to...

  • Vital Metals REE mine North T Nechalacho Northwest Territories Canada

    Blast marks start of Vital rare earth mining

    Shane Lasley, Mining News|Updated May 13, 2021

    Vital Metals Ltd. May 12 reported that contractors have completed the first blast marking the official start of rare earths mining at the company's Nechalacho rare earths project in Canada's Northwest Territories. "This is another exciting milestone for Vital as we move closer to rare earths production at Nechalacho this quarter," said Vital Metals Managing Director Geoff Atkins. The initial mining at Nechalacho is being carried out at North T, a near-surface and high-grade...

  • Klaza gold-silver project Yukon Canada Rockhaven Resources 2020 drill program

    Upgrading and expanding Klaza gold-silver

    Shane Lasley, Mining News|Updated May 13, 2021

    Rockhaven Resources Ltd. May 12 outlined plans for 12,000 meters of resource upgrade and exploration drilling for its road-accessible Klaza gold-silver project in southern Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12-years. This scoping level study is based on 4.46 million metric tons of indicated resource averaging 4.8 grams per metric...