The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Coeur Mining Inc. Oct. 9 indicated that it expects strong precious metals production from its Silvertip Mine in northern British Columbia and Kensington Mine in Southeast Alaska during the final three months of 2018. Silvertip, acquired by Coeur late in 2017, reached commercial production on Sept. 1. With repairs to various components of the plant impacting throughput, the Silvertip mill processed an average of 394 metric tons of ore per day during the third quarter. With an...
Less than a year after its acquisition of Silvertip, Coeur Mining Inc. has reached commercial production at the high-grade silver-zinc-lead mine in northern British Columbia. During August, the mill at Silvertip processed an average of roughly 450 metric tons of ore per day, up from around 350 metric tons per day during July and approximately 250 mtpd during June. Processing rates regularly ranged between 500 and 650 mtpd during August and exceeded 800 mtpd late in the month....
Underscoring the interconnected nature of the global mining market, not 48 hours after the John S. McCain National Defense Authorization Act was signed into law, the mining industry began wondering out loud how they were going to produce rare earth element, tungsten, tantalum and molybdenum in the near future. Why these metals and why the worry now? Because one of the many impacts the Defense Authorization Act will have on the U.S. economy is its ban on the U.S. Department of... Full story
Coeur Mining Inc. said thick zones of high-grade silver, zinc and lead cut during a 44,500-meter drill program at the company's newly acquired Silvertip Mine indicate the robust resource expansion potential of this operation in northern British Columbia. "Results from exploration at Silvertip during the first half of 2018 have demonstrated both the quality of the known resource and the strong potential for significant mine life extensions," said Coeur President and CEO...
Although the Alaska mineral industry is in better health in the middle of 2018 than it has been in the last five years, the spirited recovery that was in progress in the first quarter of the year is now looking more like a dead-cat bounce – a minor recovery after a long down trend. This is particularly true of the exploration sector. Reviewing the Alaska minerals industry, you will note that several exploration projects are only now commencing their 2018 exploration p... Full story
Coeur Mining Inc. July 9 reported a steady climb in mill throughput rates at its newly commissioned Silvertip Mine in northern British Columbia during the second quarter of 2018. Last October, Coeur paid US$200 million to acquire Silvertip and has agreed to pay up to another US$50 million more if certain permitting and resource expansion milestones are met. In March, the company began ramping up production at the high-grade silver mine just a few miles south of the Yukon...
One of the most common complaints I hear from companies and individuals working in the mineral industry in Alaska is our deplorable lack of modern, usable-scale digital geophysical and geologic maps. How bad is it? Consider this: the U.S. Geological Survey has estimated that less than 2 percent of Alaska has acceptable geophysical data coverage, and less than 20 percent has been geologically mapped at a scale useful to evaluate the state's mineral resources. Nobody will deny... Full story
An early spring coupled with low snow fall in many parts of Alaska have combined to enable companies large and small to start their summer field programs early this year. As expected, competition is stiff for people, drills, helicopters, heavy equipment and related services, awarding those who committed budgets early and penalizing those who did not or could not commit early. For the first time in half a decade, projects with money at hand may not be able to get the services t... Full story
Coeur Mining Inc. April 25 reported a 25 percent increase in proven and probable reserves at its Kensington gold mine. According to the updated technical report, Kensington now hosts 620,700 ounces of gold in 2.96 million tons of reserves averaging 0.21 oz per ton, or 7.1 grams per metric ton, gold, roughly a 10 percent increase over the year-end 2016 reserves. "The results of Kensington's technical report illustrate the significant impact a relatively small amount of...
Coeur Mining Inc. April 9 reported that the Kensington Mine in Southeast Alaska produced 26,064 ounces of gold during the first quarter of this year, which is comparable to the 26,197 oz produced during the first three months of 2017 but down roughly 25 percent from the 34,932 oz produced during the previous quarter. The company attributes the lower output, compared to the fourth quarter of 2017, to lower planned grades related to mine sequencing as well as...
Coeur Mining Inc. March 8 announced that it has completed commissioning of the mill at Silvertip and begun production at the high-grade silver mine in northern British Columbia. "The achievement of this important milestone at Silvertip builds upon the strong momentum with which we have started 2018," said Coeur President and CEO Mitchell Krebs. "Ramp-up of milling rates and production is planned to continue under temporary permit coverage through year-end. Ramp-up of...
Seven days of near-continuous rain did nothing to dampen the mood at the recently concluded Cordilleran Roundup Convention in Vancouver. The event was buoyed by a realistic optimism we have not seen in over five years. This change from half-empty to half-full glasses is due to a number of things including strong commodities prices, increasing global demand for metals and current or looming supply shortfalls in many of the metals produced by this industry. The event was... Full story
Coeur Mining Inc. Feb. 6 reported healthy increases to its precious metals reserves and resources thanks to the exploration and acquisition programs it carried out in 2017. "During 2017, we successfully repositioned and strengthened the company on multiple fronts. We upgraded our portfolio and pipeline of assets to reflect a North American focus with the acquisition of the high-grade Silvertip mine in Canada, our announced divestiture of our highest cost mine in Bolivia and...
As we transition from 2017 into 2018, the weight of evidence pointing to a long-awaited mining industry up-tick is being trumpeted from every financial institution, brokerage house and mining pundit across the globe. For example, RBC Capital Markets' newly released "2018 New Year Preview" has this to say: "We are in the mid-stages of a stock market recovery and the early stages of an economic cycle recovery. Gold is already in a phase where it out-performs other financial... Full story
Coeur Mining Inc. Jan. 8 reported that its Kensington Mine produced 115,094 ounces of gold in 2017, falling short of the 120,000 to 125,000 oz the company anticipated from the Southeast Alaska operation. Coeur said lower-than-expected grades throughout the first nine months of the year was the primary reason Kensington fell short of the company's gold production guidance. During the fourth quarter, the Kensington Mine produced 34,932 oz of gold, 27 percent more gold than was...
With the price for an ounce of gold pushing back above US$1,300 to ring in the new year – along with zinc and copper selling at multi-year highs and trending higher – 2018 is shaping up to be a good year for Alaska's mining sector. Together, zinc and gold account for more than 80 percent of the value of metals mined in Alaska – silver and lead account for most of the balance. While there is currently no significant copper production in Alaska, the Far North state hosts signi... Full story
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... Full story
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked... Full story
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... Full story
With high-grade ore being hauled to the surface from the Jualin deposit, Coeur Mining Inc.'s Kensington Mine in Southeast Alaska is poised to churn out more gold at lower costs moving forward. Through the first nine months of this year, this underground mine about 45 miles north of Juneau produced 80,162 ounces of gold. Going into 2017, Coeur planned for Kensington to produce at least 120,000 oz of gold this year. The Chicago-based miner, however, had hoped to be closer to...
Coeur Mining Inc.'s high-grade Kensington gold mine in Southeast Alaska is becoming a hub for expansion into British Columbia and Yukon Territory. In September, Coeur cut a deal to acquire the Silvertip Mine in northern British Columbia. Just south of the Yukon border and about 150 miles east of Kensington, Silvertip hosts 2.35 million metric tons of indicated resource averaging 352 grams per metric ton silver, 9.4 percent zinc and 6.7 percent lead; and 460,000 metric tons of...
Rockhaven Resources Ltd. is enjoying support from Coeur Mining Inc. at Klaza, a road accessible gold-silver project in southern Yukon. Coeur, which owns the Kensington gold mine about 225 miles (363 kilometers) south of Klaza, participated in a Rockhaven financing and its technical team is assisting Rockhaven as it advances exploration, engineering and metallurgical studies for Klaza. A 2016 preliminary economic assessment for Klaza envisions using a combination of open-pit and underground techniques to mine the 9.42 million...
As some of the world's biggest gold miners nab exciting plays that turned up across Yukon Territory during the past decade, Yukon's mining explorers continue to seek the next generation of mine projects in the northwestern-most Canadian territory. Many of the up and coming mines in Yukon also are getting a boost from C$360 million in upgrades to roads into some of Yukon's richest mining districts. Known as the Yukon Resource Gateway project, the endeavor to modernize... Full story
Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy... Full story
The U.S. Environmental Protection Agency has decided not to impose additional bonding requirements on the American mining sector, the regulator announced on Dec. 1. Under the Obama Administration, EPA had proposed the implementation of hefty new financial assurance requirements for mining operations in the U.S. under Section 108(b) of the Comprehensive Environmental Response, Compensation, and Liability Act, more commonly kwon as CERCLA or Superfund. CERCLA was enacted by Cong...
