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(139) stories found containing 'alexco resource'


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  • Closeup of core from drilling through high-grade silver-zinc-lead veins.

    Hecla silver reserves at 238 million oz

    Shane Lasley, Mining News|Updated May 8, 2024

    Company expands Keno Hill and Lucky Friday reserves, readies Greens Creek for the next jump. Hecla Mining Company Jan. 13 reported that its 2023 exploration resulted in the second-highest silver reserves and the largest gold resource ever for the Idaho-based company. "Hecla's silver reserves are the second highest in our 133-year history at 238 million silver ounces and only 1% less than last year's all-time highest reserve, and gold resource is the highest in our history," sa...

  • Closeup of core from drilling through high-grade silver-zinc-lead veins.

    53M oz of silver reserves at Keno Hill

    Shane Lasley, Mining News|Updated May 8, 2024

    Hecla's Yukon mine hosts enough high-grade reserves for 11 years of mining; drilling shows promise for near-future growth. Hecla Mining Company March 28 filed a technical report outlining 55 million ounces of silver reserves for its Keno Hill mine in Canada's Yukon. This marks a 45% increase in reserves since gaining ownership of the historic silver property through the acquisition of Alexco Resource Corp. toward the end of 2022. Calculated at a price of $17 per ounce of silve...

  • Colorful sunset reflects off photovoltaic panels at a large solar power plant.

    Hecla's Q1 silver production jumps 43%

    Shane Lasley, Mining News|Updated May 8, 2024

    Company tracks toward 17 million oz of silver in 2024 as the clean energy transition powers large increases in demand for precious industrial metal. With increased output at its mines in Alaska, Idaho, and Yukon, Hecla Mining Company produced 4.2 million ounces of silver during the first three months of 2024, a 43% jump over the 3.3 million oz produced during the previous quarter. "The 43% increase in silver production reflects the consistent, strong performance from Greens...

  • Dark grey drill core with bands of metallic gold-colored copper mineralization.

    North of 60 Mining M&A heats up in 2023

    Shane Lasley, Data Mine North|Updated Feb 22, 2024

    From the world's largest gold company expanding its production profile in British Columbia's Golden Triangle to a 130-year-old silver mining legend strengthening its foothold in the Yukon and a soon-to-be new gold producer in Nunavut, mergers and acquisitions completed in 2023 will forever change the North of 60 Mining News landscape. In fact, if everything goes according to plan, by the time Mining Explorers 2024 rolls off the presses, B2Gold will be pouring the first bars...

  • Hecla employees ending a long shift at the Greens Creek silver mine.

    Hecla becomes major player in the Yukon

    A.J. Roan, Data Mine North|Updated Jan 17, 2024

    Following the acquisition of Alexco Resource Corp. at the end of 2022, Hecla Mining Company has continued to expand its portfolio of gold and silver properties in Canada's Yukon. With the Keno Hill Silver District mine project that came with the buyout of Alexco, Hecla's silver reserves soared to above 240 million ounces of silver, the highest in the company's 132-year history. "Hecla's silver reserves are at an all-time high," said Hecla Mining CEO Phillips Baker, Jr. This...

  • Canada, Tahltan Nation, and Australia flag trucks at mine in Northern BC.

    M&A activity reshapes North of 60 mining

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    From neighboring gold explorers merging to create a district-scale project that will likely be attractive to majors, to Glencore making an aggressive bid to buyout Teck Resources Ltd., 2023 was a year of North of 60 mergers, acquisitions, and attempts at takeovers. The multi-billion-dollar M&A frenzy across Alaska and Canada's North was underscored by B2Gold's roughly C$1.1 billion (US$820 million) acquisition of Sabina Gold & Silver Corp. and the Back River Gold Mine project...

  • Crewmember loading up a tray of core in the core shack.

    Metallic drills for Keno silver resource

    A.J. Roan, Mining News|Updated Oct 19, 2023

    Metallic Minerals Corp. Oct. 19 announced the completion of its 2023 exploration program at its Keno Silver project in Yukon, Canada. Covering 171 square kilometers (66 square miles) within the historic Keno Hill Silver District, Metallic Minerals has been advancing its flagship Keno Silver project that lies adjacent to Hecla Mining Company's Keno Hill silver mine. While not as large as last year's program, the company opted to focus its efforts on the largest and...

  • Aerial view of mill and other surface facilities at the Keno Hill silver mine.

    Keno Hill start boosting Hecla silver

    Shane Lasley, Mining News|Updated Jul 27, 2023

    Silver production hits 7.9 million oz during first half of 2023; a 2.5M oz boost expected from Keno Hill to close out the year. Hecla Mining Company July 13 announced that the startup of its Keno Hill mine in the Yukon and a more than 20-year production record at Lucky Friday in Idaho has helped to offset some of the lower second quarter silver production at the Greens Creek mine in Southeast Alaska. With the ramp-up to full production getting underway, Hecla's newly acquired...

  • An underground miner and drill at the Greens Creek silver mine in Alaska.

    Hecla on pace for 17M oz silver in 2023

    Shane Lasley, Mining News|Updated Apr 27, 2023

    Starts 2023 strong with 4M oz from Greens Creek and Lucky Friday; 2.5M oz boost expected from Keno Hill to close out the year. Hecla Mining Company April 14 reported that record mill throughput at its Greens Creek Mine in Alaska helped to launch a strong start to 2023 silver production, and the slated third quarter start of production at its Keno Hill Mine in the Yukon is expected to culminate in a spectacular finish to the year. The Greens Creek Mine produced 2.8 million...

  • Geologist hiking through the Yukon plains in Summer.

    Hecla, ATAC come to definitive agreement

    A.J. Roan, Mining News|Updated Apr 6, 2023

    Hecla Mining Company April 6 announced that after several weeks of deliberation, it has reached a definitive agreement to move forward with the purchase of ATAC Resources Ltd.'s Rackla and Connaught projects, while also spinning out the Yukon-focused exploration company's earlier staged copper properties into Cascadia Minerals Ltd. After declining a proposal from Victoria Gold Corp. at the beginning of February, ATAC announced shortly after its intention to sell its...

  • Silver bars and a balance scale with gold on one side and weights on the other.

    North of 60 Mining M&A activity heats up

    Shane Lasley, Mining News|Updated Mar 23, 2023

    From competing offers for an exploration company with large and intriguing mineral projects in the Yukon, to the world's largest gold miner making a US$17 billion bid to buyout an Australian mining company with two producing assets in British Columbia's Golden Triangle, February was a big month for mergers and acquisitions in the North of 60 Mining News coverage area. Three M&A proposals were put forward in February that would create a shift in the North of 60 mining sector...

  • Rainbow shines down over Banyan Gold's AurMac camp in Yukon, Canada.

    Banyan begins 2023 drilling at AurMac

    A.J. Roan, Mining News|Updated Mar 23, 2023

    Banyan Gold Corp. March 6 announced the start of its 2023 exploration program at the company's AurMac property in Yukon, Canada, as well as the addition of Brad Thrall as technical advisor for early prep-work needed to build a working mine. In addition to its initially planned 25,000 meters of drilling being completed with three diamond rigs now turning, which is being supported by an on-site assay prep lab, Banyan's 2023 program at AurMac will include expanded metallurgical,...

  • Closeup of core with bonanza-grade silver, zinc, and lead mineralization.

    Highest ever silver reserves for Hecla

    Shane Lasley, Mining News|Updated Mar 2, 2023

    With 50M oz from Keno Hill, Hecla's silver reserves top 240M oz in 2023. With the addition of the Keno Hill Mine in the Yukon, Hecla Mining Company now has more than 240 million ounces of silver in reserves, the highest in the company's 131-year history. "Hecla's silver reserves are an all-time high," said Hecla Mining CEO Phillips Baker, Jr. For more than a decade, it has become customary for Hecla's exploration team to find enough new ore at its operations to more than repla...

  • An old mine cart on a rail outside the historic Keno Hill mine.

    Hecla shows what makes it top silver maker

    A.J. Roan, Data Mine North|Updated Feb 2, 2023

    Keeping stride as the largest silver producer in North America, Hecla Mining Company not only reported its second-largest silver reserves in its 130-year history but also added a highly prospective mine that brings it to the Yukon for the first time. Going into 2022, Hecla's three operating mines – Greens Creek, Lucky Friday (Idaho), and Casa Berardi (Quebec) – hosted a combined 37.3 million tons of reserves containing 200 million ounces of silver, 2.73 million oz of gold, 1.8...

  • A helicopter sits on a drill pad on a highly mineralized mountain in the Yukon.

    Gold, silver lure pack to Yukon in 2022

    Rose Ragsdale, For Mining Explorers|Updated Feb 2, 2023

    Though effects of the COVID-19 pandemic lingered, mineral explorers rushed to the Yukon like moths to a flame during 2022. Mining's most daring sector rallied to generate the busiest field season seen in Canada's westernmost territory in years. In June, Natural Resources Canada projected mineral exploration and deposit appraisal spending in Yukon during 2022 to total C$157.9 million, up 14.5% from C$135.1 million estimated for 2021 and nearly double C$83.6 million in 2020....

  • Two miners underground at the Greens Creek silver mine in Alaska.

    Hecla's 2022 silver output tops 14M oz

    Shane Lasley, Mining News|Updated Jan 26, 2023

    Could top 17M oz during 2023 with contribution from Keno Hill Mine. With consistently strong production at its Greens Creek Mine in Alaska and a surge at its Lucky Friday Mine in Idaho, Hecla Mining Company shot through the top of its 2022 silver production guidance to 14.2 million ounces of this precious metal that is in high demand for clean energy technologies. "Hecla is the fastest growing silver producer with a 40% increase in production since 2018. This sustainable...

  • Workers complete underground drilling at the Greens Creek silver mine.

    Greens Creek boosts Hecla 2022 outlook

    Shane Lasley, Mining News|Updated Oct 20, 2022

    With the Greens Creek Mine in Alaska exceeding expectations, along with continued strong output from the Lucky Friday silver mine in Idaho and Casa Berardi gold mine in Quebec, Hecla Mining Company has raised its outlook for the production of both silver and gold during 2022. "Hecla reported another strong quarter of operational performance from all three mines as Greens Creek achieved record throughput for the quarter, Lucky Friday's quarterly production continued to exceed...

  • Underground miners at Hecla’s Greens Creek operation near Juneau, Alaska.

    Greens Creek Q2 silver output steady

    Shane Lasley, Mining News|Updated Oct 11, 2022

    Hecla Mining Company July 12 reported that its Greens Creek Mine in Southeast Alaska produced 2.4 million ounces of silver and 12,413 oz of gold during the second quarter of 2022. The second quarter silver output at the underground operation near Juneau, Alaska, is roughly 8% lower than the 2.6 million oz produced during the same period of 2021 and roughly equivalent to the first quarter of this year. The second quarter gold production, however, is only around 3% lower than...

  • Looking down the tracks to an ore car from historic Keno Hill Silver District.

    Hecla Mining finalizes Alexco acquisition

    Shane Lasley, Mining News|Updated Sep 22, 2022

    Gains ownership of historic Keno Hill Silver Mine in Canada's Yukon With the Sept. 7 purchase of Alexco Resource Corp., Hecla Mining Company is poised to become Canada's largest silver producer by unlocking the enormous high-grade potential of its new Keno Hill Silver District project in the Yukon. The 242-square-kilometer (93 square miles) Keno Hill property covers one of the highest-grade silver districts in the world. Between 1913 and 1989, more than 200 million ounces of...

  • Mill and tailings ponds at the Keno Hill silver mine in the Yukon.

    Hecla to acquire Keno Hill silver mine

    Shane Lasley, Mining News|Updated Jul 14, 2022

    Already the largest silver producer in the United States, Hecla Mining Company is poised to become the largest silver producer in Canada with the purchase of Alexco Resource Corp., owner of the Keno Hill Silver District project, Yukon. Alexco's 242-square-kilometer (93 square miles) Keno Hill property covers one of the highest-grade silver districts in the world. Between 1913 and 1989, more than 200 million ounces of silver from ore averaging 44 oz per ton, making this Yukon...

  • An aerial view of the Keno Hill Silver District mill in Yukon, Canada.

    Alexco suspends mill to stockpile ore

    A.J. Roan, Mining News|Updated Jul 5, 2022

    Alexco Resource Corp. has decided to pause operation of its 400-metric-ton-per-day mill in order to catch up with underground mine development at its Keno Hill silver project in the Yukon. According to the most recent calculation, the Keno Hill Silver District hosts 1.44 million metric tons of probable reserves averaging 804 grams per metric ton (37.19 million ounces) silver, 3.84% (122 million pounds) zinc, and 2.64% (84 million lb) lead in four deposits – Bellekeno, Lucky Qu...

  • A streak of bright green northern lights over a Yukon gold exploration project.

    Banyan's AurMac hosts 4M oz of gold

    A.J. Roan, Mining News|Updated May 26, 2022

    After its initial maiden resource estimate in 2020, Banyan Gold has been determined to expand the resource at its AurMac property in the Yukon to more than 3 million ounces of gold, after extensive exploration consisting of large systematic step-out drilling the company has blown well over that mark, achieving nearly 4 million ounces on this northern Canada mine. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine and adjacent to Alexco...

  • A rainbow over a drill site at Banyan Gold's AurMac property in Yukon, Canada.

    Last results from 2021 Powerline drilling

    A.J. Roan, Mining News|Updated May 12, 2022

    Banyan Gold Corp. May 3 reported the final assay results from the diamond drill holes completed during the 2021 exploration program at the Powerline deposit on the company's AurMac property in the Yukon. "The 2021 drill program has demonstrated the extensive nature of gold mineralization around the Powerline deposit on the AurMac property and importantly, defined zones of higher grade near surface gold mineralization," said Banyan Gold President and CEO Tara Christie. "The 202...

  • Alexco Resource Keno Hill Silver District mining Yukon Canada map assay results

    Alexco bounces back at Keno Hill operations

    A.J. Roan, Mining News|Updated Mar 24, 2022

    Alexco Resource Corp. March 21 announced an update on the scale-up of mining operations at its Keno Hill project in the Yukon, as well as the anticipated mining and exploration activities for 2022. According to the most recent calculation, the Keno Hill Silver District hosts 1.44 billion metric tons of probable reserves averaging 804 grams per metric ton (37.19 million ounces) silver, 3.84% (122 million pounds) zinc, and 2.64% (84 million lb) lead in four deposits – B...

  • Yukon YMEP Dublin Gulch eagle mineral exploration incentives

    2021 Yukon exploration bounces back

    Rose Ragsdale, For Data Mine North|Updated Jan 26, 2022

    Mining exploration and production activity soared in Yukon Territory in 2021 thanks to high metals prices, pro-industry government policies, and mounting successes in the field. Bouncing back from some of the most challenging working conditions in modern history due to the COVID-19 pandemic, placer and hardrock miners stepped up the pace of their activities, posting record production numbers and promising exploration results. With the rollout of COVID vaccines and the prospect...

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