The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 112
Company sees Brandon Macdonald step down; position to be held by Peter Hemstead in interim. Fireweed Metals Corp. May 3 announced an abrupt change of management with the replacement of its former CEO and director, Brandon Macdonald, for Peter Hemstead, who has been appointed as the interim president and CEO. "On behalf of the board, I would like to thank Brandon for the role he has played in helping build Fireweed into one of Canada's leading base-metal exploration...
There is nearly a $1 trillion chasm between where the United States' lithium battery supply chain is today and where it needs to be by 2035 in order to build the envisioned green energy future where electric vehicles are charged with low-carbon energy. Roughly 40% of this investment will need to go toward ensuring there is a plentiful supply of cobalt, graphite, lithium, nickel, and other battery materials. Simon Moores, CEO of Benchmark Mineral Intelligence and one of the...
Few men and women could attest to having lived with an adventurous spirit and actually having gone and adventured, but this isn't so for mining and aviation pioneer Ronald Sheardown. Soon to be inducted into the Alaska Aviation Museum's Hall of Fame for Pathway and Explorer Pilot this year, Ron has lived a life many could not even dream about. Born in Bolton, Ontario, in 1936 – a stone's throw from Toronto – Ron came from a time when aviation was still in its fledgling yea...
Yukon takes over, hires JDS Mining to maintain site; mine closure may sink Minto Metals and Pembridge. Inundated by the forces of nature and finance, Minto Metals Corp. is shuttering operations at its Minto copper mine in Canada's Yukon. "Needless to say, ceasing operations at the Minto mine was an extremely difficult and disappointing decision, that was not taken lightly," said Minto Metals President and CEO Chris Stewart. Unable to continue to meet its financial obligations...
Minto Metals Corp. March 16 announced that it will not be shipping Minto Mine copper concentrate through the ore terminal in the Southeast Alaska port town of Skagway for at least the next two years. Concentrates enriched with copper, gold, and silver produced at Minto have been shipped out of Skagway since the 2007 start of production at the Yukon mine. The Skagway Ore Terminal, which is only about 110 miles (175 kilometers) south of the Yukon capital city of Whitehorse and...
After being spun out from parent purchaser Pembridge Resources plc, Minto Metals Corp. kicked off the year with its strongest quarter yet with production results from its Minto copper mine in central Yukon. Bought from Capstone Mining Corp. in early 2018, Pembridge managed to complete its first full year of operations in 2020, despite the ongoing challenges of the COVID-19 pandemic. Toward the end of that year, the company completed the formation of Minto Metals Corp., a TSX...
Minto Metals Corp. April 28 reported that the results from its ongoing 2022 exploration drilling at Minto are showing strong potential for expanding the resource and life of this copper mine in the Yukon. The Minto mine has been in operation since 2007, with underground mining commencing in 2014. Over the past nearly 15 years, approximately 500 million pounds of copper have been produced from this operation. The previous owners, Capstone Mining Corp., put Minto into care and m...
After being spun out from parent purchaser Pembridge Resources plc, Minto Metals Corp. April 6 announced the company's first-quarter production results from its Minto copper mine in central Yukon. Bought from Capstone Mining Corp. early in 2018, Pembridge managed to complete its first full year of operations in 2020, despite the ongoing challenges of the COVID-19 pandemic. Toward the end of that year, the company completed the formation of Minto Metals Corp., a TSX Venture...
Rockhaven Resources Ltd. Aug. 19 announced major changes to its board of directors, management, and technical team that reflect a transition toward prefeasibility and permitting at the company's Klaza gold-silver project in the Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12-years. This scoping level study is based on 4.46 million metric tons...
Pembridge Resources plc May 12 reported that the life of its Minto copper mine in the Yukon has been extended out to 2028, five years beyond the 2023 life of mine previously reported by the London Stock Exchange-listed company. Based on a preliminary economic assessment prepared for Pembridge, Minto is expected to produce 277 million pounds of copper, 129,000 ounces of gold, and 930,000 oz of silver over the eight years considered in the scoping level study. The mine is...
Alaska, Northern British Columbia, and the Yukon are home to a dozen advanced stage exploration and mine projects hosting billions of pounds of copper ready to deliver to a world demanding massive amounts of this conductive metal for the green energy and electric mobility transition envisioned over the next three decades. In its report, "Copper is the new oil," Goldman Sachs forecasts that the electrification of transportation and decarbonization of electrical generation...
Pembridge Resources plc Jan. 28 announced that trucks are now delivering copper concentrates from its Minto Mine in the Yukon to the Skagway Ore Terminal in Southeast Alaska. Access to the Minto mine requires crossing the Yukon river at Minto Landing, which is between the communities of Carmacks and Pelly Crossing. During summer months, a barge is used to transport concentrates and supplies across the Yukon. During the winter, an ice bridge provides access over the river....
Pembridge Resources plc Jan. 22 announced the launch of a 14,000-meter drill program aimed at expanding four deposits at its Minto copper mine in the Yukon. United Kingdom-based Pembridge finalized a deal in June to acquire Minto from Capstone Mining Corp. and resumed operations at the mine in October. At the time of the acquisition, Minto hosted 15 million metric tons of measured and indicated resources averaging 1.4 percent copper, 0.5 grams per metric ton gold and 4.8 g/t...
Pembridge Resources plc Dec. 4 announced that its revenue from the restart of operations at the Minto copper mine in the Yukon now exceeds US$7 million. United Kingdom-based Pembridge, which finalized a deal in June to acquire Minto from Capstone Mining Corp., resumed operations at the mine in October. To ensure steady revenue from Minto, the new mine owner entered into an offtake agreement with Sumitomo Corp. for the copper concentrates produced there. Under this agreement,...
Pembridge Resources plc Nov. 6 reported the first revenue from Minto since the restart of operations at its recently acquired copper mine in the Yukon. Since finalizing a deal in June to acquire Minto from Capstone Mining Corp., the United Kingdom-based company has been working toward the restart of operations at this copper mine. During 10 months of production in 2018, the Minto Mine produced 23 million lb of copper, 9,251 ounces of gold and 98,000 oz of silver from 907,000...
Kutcho Copper Corp. Sept. 17 announced the start of permitting for its Kutcho copper-zinc project in northern British Columbia. The three deposits that make up the Kutcho project – Main, Esso and Sumac – host 17.26 million metric tons of measured and indicated resources averaging 1.85 percent (703.9 million pounds) copper, 2.72 percent (1.03 billion lb) zinc, 0.49 grams per metric ton (272,000 ounces) gold and 33.9 g/t (18.8 million oz) silver. These measured and ind...
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
Pembridge Resources PLC July 22 announced that it has cut a deal with Sumitomo Corp. for copper concentrates from its newly acquired Minto Mine in the Yukon. Under this offtake agreement, Pembridge is to receive an advanced payment for at least 55,000 metric tons of copper concentrate produced by the Minto mine between now and the end of 2020. Sumitomo will make this advanced payment in monthly installments based on 90 percent of the estimated value of concentrate produced...
In a deal that is good for the buyer, seller and the Yukon, Capstone Mining Corp. has agreed to sell the Minto copper mine to United Kingdom-based Pembridge Resources PLC. "The sale of the Minto mine is very good news all around. Capstone will no longer incur the expense of having the mine on care and maintenance, and the recommencement of operations will be positive for Minto employees, contractors and the local economy," said Capstone Mining President and CEO Darren Pylot....
Granite Creek Copper Ltd. Feb. 19 said it has secured a substantial historical database detailing exploration work conducted on the area covered by the company's newly acquired Stu copper-gold-silver project about 47 kilometers (29 miles) northeast of Carmacks, Yukon. Granite Creek Copper is a newly formed exploration company that closed a deal to acquire Stu in January. At the time of the acquisition, the company closed a C$1.8 million non-brokered private placement...
Kutcho Copper Corp. Oct. 18 said the latest round of drill results at its namesake project in northern British Columbia have confirmed the high-grade mineralization in the Main deposit and is providing material for metallurgical work needed to advance the Kutcho Copper project to the feasibility level. Located about 100 kilometers (60 miles) east of Dease Lake, the Kutcho property hosts three known Kuroko-type volcanogenic massive sulfide deposits along an east-west trend....
Though mineral exploration in Yukon Territory this year lagged the pace seen in 2018, mine development projects advanced at a steady clip in 2019, while several past-producing mines moved toward resuming output. Yukon ranked fourth in Canada for projected spending on mineral exploration and deposit evaluation for 2018, according to statistics distributed by Natural Resources Canada. Spending for mineral exploration and deposit evaluations totaled C$249.4 million, made up of C$...
More than three dozen explorers chased lucrative mineral deposits in Yukon Territory in 2017 and most of these junior and senior companies returned to the northern jurisdiction this year to take another crack at hitting the jackpot. Known for its rich and storied gold mining history as well as its rugged mountain peaks, Yukon is roughly 15 percent larger than California, covering more than 482,000 square kilometers (186,272 square miles). Split off from the Northwest...
In 1918, the Premier gold mine opened a few miles north of Stewart, a mining town that is the southern gateway to British Columbia's famed Golden Triangle. Over the ensuing 34 years, this underground operation churned out some 2 million ounces of gold and 45 million oz of silver, making it the largest gold producer in North America during that era. A century later, Premier continues to be in play and modern exploration is unveiling the vast mineral potential that northern...
Kutcho Copper Corp. entered British Columbia's minerals exploration scene in 2017 and is already considering the feasibility of developing a mine in the province's northern reaches. Under its former name, Desert Star Resources, this new B.C. explorer cut a deal last June to acquire the high-grade Kutcho copper-zinc-silver-gold project from Capstone Mining Corp. Located about 100 kilometers (60 miles) east of Dease Lake, the Kutcho property hosts three known Kuroko-type...
