The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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With the roughly $19 billion buyout of Newcrest Mining Ltd., Newmont Corp. has added two operating mines to its already impressive portfolio of gold and copper assets in the Golden Triangle region of Northern British Columbia. "By combining the two existing Newcrest operations, Brucejack and Red Chris, with Newmont's Saddle North and Galore Creek projects, a Tier 1 district in the highly prospective Golden Triangle region of British Columbia will be created – a district in w...
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...
Nations Royalty is positioned to be Canada's largest business majority owned by a First Nation, significant player in realm of mining royalties. Leveraging royalties it has received through benefits agreements for mine projects in Northern British Columbia, the Nisga'a Nation is forming a Canadian First Nations mining royalty company for Indigenous people. The Nisga'a Nation's lands and treaty area covers nearly 27,000 square kilometers (10,400 square miles) at the southern...
Lying just deep enough into the mining frontier that value of its world-class deposits copper, gold, silver, nickel, and other metals has not been fully realized, yet home to the industrial-grade hydropower, road access, and Pacific Rim ports needed to unlock its vast mineral potential, Northern BC is well-positioned to be a major source of precious, base, and critical metals in the 21st century. This particularly mineral-rich section of the Canadian Cordillera also happens...
Is it time for BC, Yukon, Alaska to forge an alliance to unlock critical mineral wealth, usher in new era of prosperity in the 21st century? The extremely mineral-rich geology that sweeps in a roughly 1,500-mile (2,600 kilometers) arc from the southern tip of British Columbia's Golden Triangle, through the Yukon, and onward to Alaska's west coast does not recognize the borders it spans. Likewise, the opportunities and challenges related to unlocking the precious, industrial, a...
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...
Dolly Varden Silver Corp. Dec. 20 announced that it has entered into a deal to consolidate ownership of Big Bulk, a porphyry copper-gold project about 10 kilometers (six miles) east of the company's Kitsault Valley gold-silver project at the southern tip of British Columbia's Golden Triangle. Big Bulk, which covers what is interpreted to be the northernmost of a string of several porphyry mineralized systems that extend 30 kilometers (19 miles) south to New Moly LLC's...
World's top gold mining company adds two Golden Triangle mines to its two large gold-copper projects in Northern BC. In a historic deal that adds to Newmont Corp.'s position as the world's largest gold producer while also substantially boosting its production of the copper needed for the energy transition, the Colorado-based mining company has completed the roughly US$19 billion buyout of Newcrest Mining Ltd. "Today marks a historic milestone in our company and the industry...
Blackwolf Copper and Gold Ltd. Oct. 30 reported bonanza grade gold intercepts from the first assays from drilling at the Swann target on the Harry property, the company's first property on the British Columbia side of the Golden Triangle. Located between Ascot Resources' Premier gold mine and Scottie Resources Corp.'s Scottie gold mine, Harry is a 1,333-hectare (3,294 acres) gold exploration property that Blackwolf obtained after purchasing Optimum Ventures Ltd. around...
Blackwolf Copper and Gold Ltd. Oct. 3 announced that its drilling has encountered coarse visible gold at the Swann Zone target on the company's first Northern British Columbia property, Harry. Announced mid-June, Blackwolf made an offer to purchase BC-focused gold and silver explorer Optimum Ventures Ltd., which carried with it the claims to Harry, a 1,333-hectare (3,294 acres) gold exploration property located between Ascot Resources' Premier gold mine and Scottie Resources...
Blackwolf Copper and Gold Ltd. Sept. 5 announced the completion of the maiden drilling at its Southeast Alaskan Cantoo property. Although only three holes totaling 1,356 meters were drilled, the company is excited to report a first look at core suggests significant alteration and mineralization indicative of a porphyry system. Situated east of the Premier gold-silver mining project currently in development by Ascot Resources Ltd., the Cantoo property is located roughly 16 kilo...
Increased copper and gold output at Red Chris and Brucejack; drilling shows promising future potential at both BC mines. As the finalization of its merger with Newmont Corp. looms on the horizon, Newcrest Ltd. reports increased metals production and abundant upside at its Red Chris and Brucejack mines in the Golden Triangle region of Northern British Columbia. "In May we reached an agreement for Newmont to acquire 100% of the issued shares in Newcrest," said Sherry Duhe, the i...
Blackwolf Copper and Gold Ltd. July 28 announced the launch of its maiden drill program at the company's Cantoo Mountain project on the Alaskan side of British Columbia's famed Golden Triangle. Situated immediately east of the Premier gold-silver mining project currently in development by Ascot Resources Ltd. and likely part of the same metallogenic system, the Cantoo property hosts multiple shallow southwest dipping vein structures up to 30 meters true thickness. Just a...
Merged company will hold several world-class gold, copper assets in Northern BC's Golden Triangle. In a deal that will bring together several world-class copper and gold projects in British Columbia's Golden Triangle, Newmont Corp. and Newcrest Mining Ltd. have agreed upon a merger worth A$28.8 billion (US$19.3 billion) to Newcrest shareholders. "The combination of Newmont and Newcrest represents an exceptional value proposition for shareholders and other stakeholders," said N...
The North of 60 Mining area hosts billions of pounds of copper ready to be delivered to a world craving this metal in sky-high demand for wiring the electric vehicles and renewable energy infrastructure that would enable the envisioned low-carbon future. Whether enough of these copper-rich projects are developed in time to circumvent a short circuit of the clean energy transition remains to be seen. Global Market analysts such as S&P Global have predicted that copper...
New $19.6 billion proposal deemed fair by Newcrest board; companies advance one step closer to merger. With a new US$19.6 billion (A$29.4 billion) offer, Newmont Corp. is one step closer to completing a merger with Newcrest Mining Ltd. For Newmont, which is already the world's largest gold mining company, the proposed combination with Newcrest would add gold and copper production from mines in Australia, Canada, and Papua New Guinea. In February, it was revealed that Newmont...
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...
British Columbia's Golden Triangle is poised for a mining boom that raises the bar when it comes to achieving the higher environmental, social, and guidance expectations for companies that produce the gold, silver, copper, and other metals the world needs and wants. While this mineral district in BC's northwest corner is famed for its rich stores of copper, gold, and silver – and to a lesser degree, nickel, cobalt, platinum group metals, and other critical minerals – the ESG...
Proposed merger could have major implications for several mining projects in BC's Golden Triangle. Over the weekend, Newcrest Mining Ltd. and Newmont Corp. confirmed rumors of a proposed merger that has major implications for the future of mining in British Columbia's Golden Triangle. "We believe a combination of Newmont and Newcrest presents a powerful value proposition to our respective shareholders, workforce and the communities in which we operate," said Newmont President...
Gaining ownership of the Brucejack Mine through the US$2.8 billion buyout of Pretium Resources Inc., Newcrest Mining Ltd. consolidated all the current large-scale gold, silver, and copper production in the Golden Triangle and established Northern British Columbia as a solid foundation for the Australia-based company's growing North American presence. The high-grade Brucejack Mine adds more than 300,000 ounces per year to Newcrest's annual gold production and created synergies...
Blackwolf Copper and Gold Ltd. Jan. 17 announced it has received its surface sample assay results from the company's 2022 reconnaissance exploration program at its various Hyder area properties, a region that resides on the Alaska side of the famed Golden Triangle. Initially exploring its flagship historic Niblack copper-gold-silver-zinc project located on the southern end of Prince of Wales Island in Southeast Alaska, Blackwolf expanded its holdings by staking and optioning...
While its Niblack copper-gold-silver-zinc project continues to be a mainstay for Blackwolf Copper and Gold Ltd., several newcomers to its holdings throughout the year have greatly expanded the potential of this Alaska miner. Located at the end of the Alaskan Panhandle, on Prince of Wales Island, the historic Niblack Mine is found over 1,000 meters north of the current NI-43-101 mineral resources in the Lookout and Trio zones of the property. Copper production occurred at the...
Newcrest Mining Ltd. Jan. 25 reported a drop in gold and copper production at its two mines in Northern British Columbia during the fourth quarter of calendar year 2022. Newcrest's BC assets include a 70% operating ownership of the Red Chris copper-gold mine, Imperial Metals Corp. owns the remaining 30% interest and full ownership of the Brucejack gold mine. The drop in gold production at Brucejack was anticipated due to a fatality during the quarter that resulted in a 21-day...
Working with First Nations is key to unlocking the Golden Triangle's vast potential. A world-class copper-gold district that is also enriched with nickel, cobalt, platinum group metals, and other critical minerals, the Golden Triangle region of Northern British Columbia is poised to be a major supplier of the mined commodities critical to a low-carbon future, cutting-edge technologies, and strong global economies. "Responsible mineral exploration and development are critical...
Optimum Ventures Ltd. Dec. 14 announced that it has acquired the Salmon gold property in the Hyder Mining District of Southeast Alaska. A TSX Venture Exchange-listed junior, Optimum has been exploring gold-silver projects near Hyder, Alaska, and just across the border in British Columbia's Golden Triangle since 2021. In November, Optimum announced that it had entered into an agreement to acquire all the shares of 1309762 B.C. Ltd., a private company that owns the Salmon...
