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Articles from the November 15, 2015 edition

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  • Kinross axes staff, Denver office; Fort Knox shines

    Shane Lasley|Updated Nov 15, 2015

    Kinross Gold Corp. Nov. 10 reported that its global operations produced 680,679 gold-equivalent ounces during the third quarter of 2015. This is down slightly from the third quarter of last year, due to heavy rains hampering production at its Maricunga Mine in Chile. The company said strong production at its Fort Knox Mine in Alaska, Kupol-Dvoinoye operation in Russia and Round Mountain Mine in Nevada helped offset some of this loss. In terms of operational excellence, we saw... Full story

  • Graphite One issues shares to preserve cash

    Shane Lasley|Updated Nov 15, 2015

    Graphite One Resources Inc. Nov. 12 said that in order to preserve cash to fund development of its Graphite Creek project in western Alaska, it has entered into agreements to issue shares to settle outstanding debt of C$66,000 with certain arm's length creditors. To settle the debt, Graphite One intends to issue 733,334 common shares of Graphite One at C9 cents per share. The transaction is subject to TSX Venture Exchange approval. "We are pleased to settle this debt with... Full story

  • Endurance Gold samples Elephant Mountain

    Shane Lasley|Updated Nov 15, 2015

    Endurance Gold Corp. Nov. provided results from the 2015 exploration program at its Elephant Mountain gold property about 76 miles west of Fairbanks, Alaska. To date, exploration has confirmed an intrusive-hosted target area of at least 1,800 meters by 600 meters that encompasses two soil and rock sample gold anomalies - North and South zones - and an untested induced polarization chargeability anomaly located between the two soil anomalies. In 2015, 207 power-assisted auger...

  • Northern Empire refines Richardson targets

    Shane Lasley|Updated Nov 15, 2015

    Northern Empire Resources Corp. Nov. 5 reported results from the first phase of its 2015 prospecting and sampling program at the 28,763-acre Richardson gold property in Interior Alaska. The work program at Richardson, completed in two phases, focused on soil sample lines north of the Democrat Pit, portions of the adjacent intrusive body known as the Wide Zone, and at Tenderfoot Creek. According to a 1990 State of Alaska publication entitled "Alaska's Mineral Industry, 1989,"... Full story

  • Hope Bay on-track for late 2016 production

    Shane Lasley|Updated Nov 15, 2015

    TMAC Resources Inc. Nov. 5 provided an update on progress in developing a mine at the Hope Bay gold project in Nunavut. The building and offsite testing of the processing plant is 22 percent complete and remains on schedule for shipping early in the third quarter of 2016. Meanwhile, underground mobile mine equipment capable of mining at a rate of 1,000 metric tons per day; 15 million liters of diesel; the mill building; and first-year mining parts and supplies were delivered... Full story

  • Kivalliq expands Dipole-RIB uranium trend

    Shane Lasley|Updated Nov 15, 2015

    Kivalliq Energy Corp. Nov. 10 reported results from soil sampling along the Dipole-RIB Trend and rock samples collected in the Yat Target area of its Angilak property in Nunavut. This year, the company collected 408 soil samples along the Dipole-RIB Trend, which is located roughly 25 kilometers (16 miles) southwest of the Lac 50 deposits at Angilak. The majority of these samples were collected within the RIB area of the trend. Combined with the 2014 data, Kivalliq says the...

  • Digging for optimism

    Shane Lasley, Mining News|Updated Nov 15, 2015

    A four-year rout in metals, coal and oil prices left Alaska's mining community digging deep for reasons to be optimistic during their annual gathering at the Alaska Miners Association convention in Anchorage. While depressed metals prices naturally cut into the bottom lines of those companies mining gold, silver, zinc, lead and coal in Alaska, the effects reverberate across the entire mining community. In order to adjust to lower metals prices, the producers have cut back on...

  • Which way is the political wind blowing?

    J. P. Tangen, Special to Mining News|Updated Nov 15, 2015

    I believe that the earth is warming; I believe that the sea level is rising; I believe that climate change is at least partially due to anthropomorphic activities such as burning wood around a campfire; I believe that the earth has been warming consistently since the last global maximum, about 12,000 years ago. I believe that cow flatulence and the melting of permafrost emit methane and probably other greenhouse gasses into the atmosphere; I believe that if people who live...

  • Pebble leaders blast EPA's actions

    Shane Lasley, Mining News|Updated Nov 15, 2015

    Unlawful, unfair and unwise - this is how the leadership of the Pebble Limited Partnership characterized the U.S. Environmental Protection Agency's efforts to detrimentally limit the company's ability to apply for the permits needed to develop a mine at the world-class Pebble copper-gold-molybdenum project in Southwest Alaska during separate speeches delivered Nov. 5. "It is outrageous that one federal agency would bypass everything else, all the processes, come to a predeterm...