The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 297
Capping off a successful year of mine predevelopment activities at its 30%-owned Manh Choh gold mine project in Interior Alaska and acquisition of the historic high-grade Lucky Shot gold mine project in Southcentral Alaska by up-listing its share to the New York Stock exchange, Contango ORE Inc. is well-positioned for 2022 success. "2021 represented another year of COVID, but despite the difficulties of working in a continued pandemic environment, the company achieved its...
Alianza Minerals Ltd. Jan. 18 released its first 2022 announcement with the overall results of 2021 and the outlines for this year's program at many of its properties including the 100% owned Haldane silver project in the Yukon's Keno Hill District. "We had an extremely productive year in 2021, marked by advancement of the exciting new West Fault high-grade silver target at our Haldane project in Yukon's historic Keno Hill Mining District," said Jason Weber, president and CEO...
Seeking economic and cultural prosperity for its more than 23,000 Tlingit, Haida and Tsimshian shareholders while also looking to provide even greater benefits for future generations, Sealaska takes a balanced approach to developing the resources growing above and stored beneath its lands in Southeast Alaska. This does not mean the Southeast Alaska Native Claims Settlement Act (ANCSA) corporation shuns mining or other resource development in its region, a nearly 600-mile... Full story
Millrock Resources Inc. Aug. 12 announced that Coeur Explorations, a wholly-owned subsidiary of Coeur Mining Inc., has entered into an exploration agreement for Millrock's Apex gold project in Southeast Alaska. Apex is on the north side of Chichagof Island, about 70 miles southwest of Juneau and 75 miles southwest of Coeur's Kensington gold mine. This property is home to the historical Apex and El Nido mines, which produced at least 34,000 ounces of gold from ore averaging...
Amongst the rarest of the stable elements on the periodic table and an important ingredient in the emerging thin-film solar panel sector, tellurium embodies what it means to be a critical metalloid – an element that possesses the properties of both a metal and non-metal. "Most rocks contain an average of about 3 parts per billion tellurium, making it rarer than the rare earth elements and eight times less abundant than gold," the United States Geological Survey wrote in a 2... Full story
The ultimate goal for most junior exploration companies is to discover and advance a mineral deposit to the point that it is large and rich enough to attract the attention of a major mining company to swoop in and nab a stake through an investment in the project or even an outright buyout of the junior. Sometimes, if the global market conditions are right and the project shows enough promise, majors will invest in a project long before an economically viable mining project... Full story
After setting a company record for exploration spending during 2020, Coeur Mining Inc. is on pace to set the bar even higher this year. "We are carrying out our most active exploration campaign in Coeur's history with up to 22 drill rigs deployed across six sites, with positive results rolling in on a regular basis," said Coeur Mining Vice President of Exploration Hans Rasmussen. Through the first four months of 2021, these rigs completed roughly 103,750 meters of drilling, a...
Coeur Mining Inc. is investing roughly US$117.2 million (C$141.7 million) to acquire a 17.8% interest in Victoria Gold Corp. and its Eagle Gold Mine in Canada's Yukon – a foothold that could see the Chicago-based miner gaining a much larger position in a northern gold mine it has been keeping an eye on. "We have long admired the quality of Victoria's Eagle asset and its recent success in ramping up operations," said Coeur Mining President and CEO Mitchell Krebs. Victoria t...
Contango ORE Inc. April 29 announced it has staked 52,920 acres of state of Alaska mining claims covering a significant portion of the Richardson Mining District. This property, known as Shamrock, lies alongside the Alaska Highway about 70 miles southeast of Fairbanks, Alaska. In addition to excellent access via gravel roads and trails connecting to the paved highway, Shamrock boasts a high-voltage power line that runs along the southern property boundary. Since the discovery...
Alianza Minerals Ltd. May 4 reported that Coeur Explorations, a subsidiary of Coeur Mining Inc., has begun an initial exploration program at Alianza's Tim silver project in southern Yukon. Located about 19 kilometers (12 miles) northeast of Coeur's Silvertip mine in British Columbia, Tim is a road-accessible project with similar high-grade silver-lead-zinc mineralization. Historical chip sampling from a trench cut across a zone of carbonate replacement mineralization at Tim...
Mining and mineral exploration helped to bolster an Alaskan economy plagued by COVID-19 during 2020. According to a report prepared by the McKinley Research Group, a renowned Alaska-based research and consulting firm formerly known as McDowell Group, Alaska's mining industry injected roughly $2 billion into the Alaska economy last year. Commissioned by the Alaska Miners Association and Council of Alaska Producers, "The economic benefits of Alaska's mining industry" report... Full story
Coeur Mining Inc. Feb. 17 reported that the 47,575 meters of drilling completed in 173 holes at Kensington during 2020 nearly replaced the 124,867 ounces of gold produced and has positioned the Southeast Alaska operation for future reserve growth. Going into 2021, Kensington had 1.68 million tons of proven and probable reserves averaging 0.197 oz/t (331,000 oz) gold; down slightly from the 1.68 million tons of proven and probable reserves averaging 0.218 oz/t (366,000 oz)...
Tahltan Nation and Coeur Mining Inc. Jan. 19 announced the signing of a comprehensive impact and benefit agreement in connection with Coeur's Silvertip silver-zinc-lead mine located in Northern British Columbia. This agreement provides a framework for a mutually beneficial and long-term relationship between the Tahltan First Nation and Coeur Silvertip, and supports Coeur's commitment to socially and environmentally responsible mining. "We are honored to have the Tahltan...
Coeur Mining Inc. invested heavily in exploration during 2020, including robust programs at its Kensington gold mine in Alaska and Silvertip mine project in British Columbia. After investing US$21 million in exploration at six projects in the U.S., Canada, and Mexico during the first half of the year, the Chicago-based miner increased its total 2020 exploration budget to US$54 million. "We significantly increased our investment in exploration to test these targets in 2020,... Full story
Amongst the rarest of the stable elements on the periodic table and an important ingredient in the emerging thin-film solar panel sector, tellurium embodies what it means to be a metalloid – an element that possesses the properties of both a metal and non-metal – critical to the United States. "Most rocks contain an average of about 3 parts per billion tellurium, making it rarer than the rare earth elements and eight times less abundant than gold," the United States Geo... Full story
Kinross Gold Corp.'s new long-term strategy for its Fort Knox Mine is a paradigm shift for mineral exploration companies with gold projects on or near the road system within a 300-mile-radius of the iconic gold operation about 20 miles north of Fairbanks, Alaska. Under this new operating plan, Kinross is looking for Alaskan projects that can deliver high-grade ore to the underutilized 14-million-metric-ton-per-year mill at Fort Knox. "There is an economic radius around Fort... Full story
Rising metal prices are helping to soften the blow COVID-19 has landed on Alaska's mining sector in 2020. While mining has been deemed an essential business in Alaska, which has helped keep the six large mines in the state operating during the pandemic, measures put in place to slow the spread of COVID-19 are weighing on production at some of these operations. Efforts to flatten the curve on the spread of coronavirus also disrupted several winter drill programs in Alaska,... Full story
Coeur Mining Inc. has made major investments in exploration at its Kensington gold mine in Alaska and Silvertip mine project in British Columbia during the first half of 2020, and the company plans to continue robust drilling focused on expanding high-grade targets at these two northern assets through the balance of 2020. These robust programs at Kensington and Silvertip are parts of the largest exploration campaign in Coeur's history. During the first six months of 2020,...
Coeur Mining Inc. July 29 reported increased gold production at Kensington, thanks in part to more ore from the higher-grade Jualin deposit at this Southeast Alaska mine. Kensington produced 33,058 ounces of gold during the second quarter, which is slightly higher than the 32,022 oz during the first three months of the year but less than the 34,049 oz during the second quarter of 2019. The steady gold output and strong gold prices helped Kensington generate US$23.9 million of...
Coeur Mining Inc. April 22 announced increased gold production at Kensington, thanks to increased ore grades and recovery rates at this Southeast Alaska mine. Kensington produced 32,022 ounces of gold during the first quarter, which is an 8% increase over the previous quarter and a 7% improvement over the first three months of 2019. This puts the mine on pace to produce more than 128,000 oz of gold this year, which at the upper end of Coeur's 2020 gold production guidance of...
The incredibly interesting history of Juneau is a tale of gold, the persistence of a Tlingit chief and a series of chance events that allowed Alaska's future capital to grow and leave its mark on history, a story that continues to be written today. Juneau is home to some of the earliest large-scale gold mining sites in Alaska. But, if you were to ask the pioneers who founded the future capital that their settlement would become the seat of government in a future state of... Full story
Another Alaska gold mine could soon be owned and operated by an Australian mining company, according to a recent report in a highly regarded Aussie business, finance and investment news publication. Street Talk, a segment of the Australia Financial Review that provides daily updates on Australia's capital markets, recently reported that Federation Gold is in talks to acquire Coeur Mining Inc.'s Kensington underground gold mine in Southeast Alaska. Federation is currently a pri...
Coeur Mining Inc. Feb. 19 reported expansion of silver reserves during 2019 but a slight drop in gold reserves. Zinc and lead reserves were relatively consistent as infill drilling replaced depletion at the company's Silvertip Mine in northern British Columbia. Going into 2019, Coeur's five mines – Silvertip, Kensington (Alaska), Palmarejo (Mexico), Rochester (Nevada) and Wharf (South Dakota) – had 309.5 million tons of proven and probable reserves averaging 0.008 ounces per...
Alianza Minerals Ltd. Jan. 27 announced that Coeur Explorations Inc, a wholly owned subsidiary of Coeur Mining Inc., has signed an option agreement to explore the road-accessible Tim silver property in southern Yukon. Situated just 12 kilometers (7.5 miles) north of Coeur Mining's Silvertip Mine in northern British Columbia, Tim is an early staged exploration property with similar high-grade silver-lead-zinc mineralization. Following up on a letter of intent signed last June C...
Coeur Mining Inc. Jan. 16 reported a fourth quarter drop in metals production at both its Kensington gold mine in Southeast Alaska and the Silvertip silver-zinc-lead mine in northern British Columbia. Kensington produced 29,736 ounces of gold during the final three months of 2019, a 13 percent drop from the 34,156 oz recovered at the Southeast Alaska mine during the third quarter. Coeur said lower grades and lower recoveries both contributed to the decreased gold production...
