The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Alaska Gov. Mike Dunleavy and Yukon Premier Ranj Pillai discuss the roles they can play to uplift northern neighbor jurisdictions. ANCHORAGE, Alaska: With an air of joviality and high rapport, Alaska Gov. Mike Dunleavy and Yukon Premier Ranj Pillai participated in a plenary discussion hosted during the 2024 Arctic Encounter Symposium to converse on the potential for closer partnerships and improving the cross-border relationship that has existed between northern neighbors Alas...
Begins 1,200-meter program, aiming for two holes that will further outline extent of Catch copper. Cascadia Minerals Ltd. May 16 announced that drills are turning at its Catch copper project in central Yukon, marking an earlier start to the season as the company is eager to follow up on last year's success. "We're pleased to have an early start to our exploration in 2024, with diamond drilling already underway at the Catch property," said Cascadia Minerals President and CEO...
Adds three new prospective targets, two of which hold CRD potential. Silver North Resources Ltd. May 14 announced the completion of an option agreement with three private prospectors, securing rights to the carbonate replacement deposit prospective GDR project in southern Yukon. Rebranding as Silver North Resources (formerly Alianza Minerals) to better reflect its goals in searching for the precious metal necessary to the clean energy transition, the company's exploration has...
Company expands Keno Hill and Lucky Friday reserves, readies Greens Creek for the next jump. Hecla Mining Company Jan. 13 reported that its 2023 exploration resulted in the second-highest silver reserves and the largest gold resource ever for the Idaho-based company. "Hecla's silver reserves are the second highest in our 133-year history at 238 million silver ounces and only 1% less than last year's all-time highest reserve, and gold resource is the highest in our history," sa...
Zinc contributed most to state's mine production value during 2023; gold is poised to take the crown and make run toward 1 million ounces per year. At a value of $1.5 billion, zinc held onto its throne as the most valuable metal produced in Alaska during 2023. With production forecasts and price trends headed in opposite directions for zinc and gold, however, the gleaming precious metal that drew fortune-seekers North at the turn of the 20th century could soon regain the...
Hecla's Yukon mine hosts enough high-grade reserves for 11 years of mining; drilling shows promise for near-future growth. Hecla Mining Company March 28 filed a technical report outlining 55 million ounces of silver reserves for its Keno Hill mine in Canada's Yukon. This marks a 45% increase in reserves since gaining ownership of the historic silver property through the acquisition of Alexco Resource Corp. toward the end of 2022. Calculated at a price of $17 per ounce of silve...
Company tracks toward 17 million oz of silver in 2024 as the clean energy transition powers large increases in demand for precious industrial metal. With increased output at its mines in Alaska, Idaho, and Yukon, Hecla Mining Company produced 4.2 million ounces of silver during the first three months of 2024, a 43% jump over the 3.3 million oz produced during the previous quarter. "The 43% increase in silver production reflects the consistent, strong performance from Greens...
Will include full season of various workings toward optimizing future operations. Banyan Gold Corp. April 18 announced the exploration and technical program planned for the 2024 season at its AurMac gold project in Yukon, Canada, allocating roughly 5,000 meters of drilling that will be strategically focused on economic drivers to optimize a future mine. After establishing an impressive 7-million-ounce gold resource for AurMac in February, drilling this year aims to...
Steadfast output at Greens Creek helps keep silver output steady as other Hecla mines overcome hurdles. Despite setbacks at its Lucky Friday and Keno Hill mines, Hecla Mining Company produced 14.3 million ounces of silver in 2023, which was slightly higher than the company's 2022 production of this precious technology metal, thanks in large part to the steadfast output at its Greens Creek operation in Southeast Alaska. "Hecla faced multiple challenges in 2023 with the fire at...
Enters into definitive agreement for initial 70% toward highly prospective Tombstone gold projects. Strategic Metals Ltd. March 4 announced it has approved Trifecta Gold Ltd. the right to earn up to 100% interest in 11 highly prospective, reduced intrusion-related gold projects located within the prolific Tombstone Gold Belt in Yukon, Canada. Often maintaining a low-key approach to its business operations, Strategic Metals is less a project miner and more a project generator...
Rebrands to reflect its new focus on silver through its highly prospective Haldane and Tim properties in Yukon. Silver North Resources Ltd. Feb. 29 announced a summary of its accomplishments during 2023 and plans for the upcoming year as rebranding from Alianza Minerals Ltd. best reflects the company's focus on silver as it continues to advance its Haldane and Tim silver properties in Canada's Yukon. "Rebranding as Silver North Resources Ltd. is a strategic move to focus on...
Combined inferred resource between underground and in-pit total 18.2 Moz silver-equivalent. Metallic Minerals Corp. Feb. 26 announced an inaugural mineral resource estimate for its Keno Silver project in the iconic Keno Silver District in Canada's Yukon, culminating in 18.16 million ounces of contained silver-equivalent. Consisting of 171 square kilometers (66 square miles) within the historic Keno Hill Silver District, Metallic Minerals holds 100% of this promising target...
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...
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...
With Donlin Gold reentering the feasibility study stage, Ambler Metals waiting on the reevaluation of the permit needed for a road to the Ambler Mining District, and an overall lack of investment capital, mineral exploration spending in Alaska dropped during 2023. While the overall sector was down, there continued to be some bright spots – most notably, a growing interest in Alaska's critical minerals potential. In July, the U.S. Department of Defense awarded Graphite One I...
Metallic Minerals Corp. Jan. 10 announced the results from its 2023 exploration campaign at the company's Keno Silver project in Yukon, Canada, with all its holes encountering high-grade silver, lead, zinc, and significant gold mineralization. Consisting of 171 square kilometers (66 square miles) within the historic Keno Hill Silver District, Metallic Minerals holds 100% of this promising target that lies adjacent to Hecla Mining Company's Keno Hill silver mine. Covering the...
Cascadia Minerals Ltd. Jan. 4 announced an update on the company's Catch property in Canada's Yukon as well as the final diamond drilling results from its 2023 exploration program, culminating in a brief end-of-year review and its plans moving forward into 2024. Last year, Cascadia Minerals (formerly ATAC Resources Ltd.) cut a deal with Hecla Mining Company to sell several of its core properties in an effort to branch into the energy metal sector. With Hecla taking over the...
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...
Raging wildfires and record hot temperatures challenged the well-laid plans of a score and more of mineral explorers in Canada's Yukon this year as the 2023 field season shifted into high summer. Most of the companies, however, managed to carry out their exploration for gold, silver, copper, and other minerals across the territory. The fierce and sometimes out-of-control blazes marked one of the worst wildfire seasons seen in Canada in nearly 30 years, consuming more than...
Following the acquisition of Alexco Resource Corp. at the end of 2022, Hecla Mining Company has continued to expand its portfolio of gold and silver properties in Canada's Yukon. With the Keno Hill Silver District mine project that came with the buyout of Alexco, Hecla's silver reserves soared to above 240 million ounces of silver, the highest in the company's 132-year history. "Hecla's silver reserves are at an all-time high," said Hecla Mining CEO Phillips Baker, Jr. This...
Rebounding from setbacks during 2022, Grande Portage Resources Ltd. enlisted the help from a heavyweight to aid in its drilling and recoup lost time that would position the company back on track toward expanding the high-grade resources at its Herbert Gold project in Southeast Alaska. Located 25 kilometers (16 miles) north of Juneau, the Herbert Gold project is an exploration stage, high-grade, gold-mineralized mesothermal quartz vein system in the historic Juneau Gold Belt....
With another fruitful year of systematic drilling, a stressful wildfire, the successful expansion of its resources swelling to more than six million ounces, and the accomplishment of a several-year-long goal of connecting two of its more advanced-exploration deposits, Banyan Gold Corp. has shown that persistence is a key ingredient to a successful exploration project. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine and adjacent to Hecla...
In its second season since consolidating the Dolly Varden and Homestake Ridge projects to form the Kitsault Valley property, Dolly Varden Silver Corp. has focused its exploration on expanding the already established silver and gold deposits, as well as exploring the wider potential of this 63-square-mile (163 square kilometers) property about 40 kilometers (25 miles) southeast of Stewart, British Columbia. Four deposits associated with past producing mines on the Dolly Varden...
In a win-win deal for both parties, Hecla Mining Company bought out ATAC Resources Corp., keeping two precious metals enriched Yukon exploration properties in its own portfolio and spinning a portfolio of more copper forward assets previously held by ATAC into Cascadia Minerals Ltd. ATAC's extensive portfolio of mineral exploration projects in the Yukon and Northern British Columbia were anchored by Rackla Gold, a massive 170,000-hectare (420,000 acres) land package divided...
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...
