The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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After a two-month suspension due to COVID-19, drills are once again turning at the Donlin Gold project in the Yukon-Kuskokwim region of Southwest Alaska. Donlin Gold LLC – a 50-50 joint venture between Novagold Resources Inc. and Barrick Gold Corp. – began gearing up for a roughly 22,000-meter drill program at Donlin in February and had drills turning on the 39-million-ounce gold project by March. With the novel coronavirus outbreak elevating to pandemic levels, the par... Full story
As the largest shareholder and chairman of Novagold Resources Inc., a company that owns 50% of the 39-million-ounce Donlin Gold project in Alaska, it is natural for New York billionaire Thomas Kaplan to elucidate potential investors on his predictions of coming rises in the price for an ounce of gold. The truth, however, is the renowned entrepreneur and natural resources investor is not bullish on gold because he has skin in the game. Instead, he is a major owner of the... Full story
Calista Corp. and its 31,400 Yup'ik, Cup'ik and Athabascan shareholders are on the cusp of realizing the benefits that will come with the sustainable development of a mine at the 45-million-ounce Donlin Gold project on their land in the Yukon-Kuskokwim region of Southwest Alaska. With 39 million oz of gold in measured and indicated resources that average 2.24 grams per metric ton, and another 6 million oz in the inferred category averaging 2.02 g/t gold, Donlin Gold is truly a... Full story
Mining's contribution to Alaska's economy starts with the hefty paychecks being issued to the some 4,350 miners that work in the state, according to recent study completed by the Alaska Miners Association and McDowell Group. The report, "The economic benefits of Alaska's mining industry," found that the average miner working in Alaska during 2016 received a whopping US$108,000 for the year, about double the average income across all sectors in the state. That is nearly US$470... Full story
