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
Despite COVID-19 restrictions and protocols changing how it must conduct its business, even temporarily shutting down operations at its Casa Berardi Mine in Quebec and San Sebastian Mine in Mexico, Hecla Mining Company now expects to produce more gold and silver than it forecast at the onset of 2020. Based on production through the first three quarters, the Idaho-based miner now expects to produce nearly 13 million ounce of silver and 210,000 oz of gold this year, up from the...
EHR Resources Ltd. Sept. 22 announced that former De Beers Canada CEO Kim Truter has joined its board of directors. "I am delighted to welcome Kim to the EHR board," said EHR Resources Chairman Stephen Dennis. "His wealth of skills and experience in all facets of the diamond industry will be of enormous value as we advance our growth-focused diamond strategy, particularly as we continue to examine international M&A (mergers and acquisitions) opportunities on operating mines...
A pitch to deep-pocketed investors about the potential to develop a world-class mine at the Pebble copper project in Alaska turned out to be a clandestinely videotaped sting operation that compromised the integrity of Pebble Limited Partnership CEO Tom Collier. A pair of operatives for the Environmental Investigation Agency, a United Kingdom-based environmental group, posed as representatives of a Hong Kong-based investment firm with links to a company owned by the Chinese...
Mountain Province Diamonds Inc. Sept. 21 reported that it received US$89 million from the sale of 210,661 carats of diamonds from the Gahcho Kué Mine in Northwest Territories. This Sept. 19 sale in Antwerp, Belgium represents the company's first traditional commercial sale since before the onset of the COVID-19 pandemic. Mountain Province owns a 49% joint venture interest in the Gahcho Kué diamond mine in Canada's Northwest Territories – De Beers Canada Inc. owns the rem...
Northern Dynasty Minerals first set its sights on Alaska's Pebble deposit in the 1990s. After acquiring the property in 2001, the company spent more than a decade and close to $1 billion proving it up as one of the greatest mineral resources ever discovered – certainly on American soil. Consider the following: • contained copper at Pebble is equivalent to ~1.3% of all the copper metal ever discovered or produced in the past 10,000 years; • contained gold at Pebble is equiv...
Banyan Gold Corp. Sept. 21 reports that step-out drilling has extended the strike of the Airstrip deposit on its AurMac property in the Yukon by roughly 200 meters. Airstrip is the larger of two deposit at AurMac, a road accessible project about 56 kilometers (35 miles) northeast of Mayo and roughly 10 kilometers (six miles) south of Victoria Gold Corp.'s Eagle gold mine. According to a resource calculated earlier this year, Airstrip hosts 46 million metric tons of inferred...
More than six years after turning its attention to advancing to production the world-class mineral reserves of its Nico project in Northwest Territories, Fortune Minerals Ltd. is again putting boots on the ground in search of new mineralization near the Nico deposit located 160 kilometers (99 miles) northwest of Yellowknife. The tenacious junior reported Sept. 2 that an exploration program planned for the 2020 field season is underway, despite restraints imposed by the...
Doyon Ltd. is seeing a resurgence of mineral exploration on its lands across Interior Alaska, especially on gold properties held by the Alaska Native Claims Settlement Act regional corporation. Running the breadth of Alaska between the Brooks Range to the north and Alaska Range to the south, the Doyon region blankets a mineral-rich swath of Alaska's Interior that is nearly the size of Texas. Doyon itself, owns 12.5 million acres of land within this vast region, making it the...
With the price of gold at the threshold of US$2,000 per ounce and expected to climb higher, Kinross Gold Corp. plans to increase its global gold production by 20% over the next three years. And upping the gold output at its Fort Knox Mine a few miles north of Fairbanks, Alaska is expected to be a key contributor to this plan. Currently on pace to produce roughly 2.4 million oz of gold this year, Kinross is advancing a production growth strategy that is forecast to boost the...
We all join in mourning the passing of one of the truly great Justices of the United States Supreme Court (SCOTUS). Not because of her bent, but because she personified the finest qualities of a loyal opponent. Her opinions and, more often, her dissenting opinions rationally articulated the argument for the liberal view, persuasively advancing the progressive cause in the face of tradition, policy and tribal instinct. Her absence from the bench denotes the end of a monumental...
