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(621) stories found containing 'kinross gold'


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  • Drillers test for gold on a cloudy fall day in Southwest Alaska.

    Tectonic tests Flat heap leach potential

    Shane Lasley, Mining News|Updated Oct 2, 2024

    Tests show high gold recoveries from run-of-mine material at the Southwest Alaska project. Tectonic Metals Inc. Sept. 19 reported that recent metallurgical testing demonstrates the potential for high gold recoveries from a low-cost run-of-mine heap leach operation at its Flat project in Southwest Alaska. "Our initial heap leach results mark a major milestone for the Flat Gold Project, a bulk-tonnage gold system showing continued strong geological similarities to Kinross...

  • A drill tests for gold as the sun sets on a summer day near Fairbanks, Alaska.

    Golden Summit closes in on 25M oz gold

    Shane Lasley, Mining News|Updated Sep 12, 2024

    Freegold Ventures continues to expand and upgrade world-class gold deposit just outside of Fairbanks, Alaska. Freegold Ventures Ltd. Sept. 10 reported that the Dolphin-Cleary deposit at its Golden Summit project about 25 road-miles north of Fairbanks, Alaska, now hosts 23.8 million ounces of open-pit mineable gold in all resource categories, plus 1.1 million oz of underground mineable gold. While this deposit is already world-class in size, there is substantial evidence that t... Full story

  • Closeup of gold-colored cups commemorating the first Manh Choh gold pour.

    More Manh Choh ore feeds Fort Knox mill

    Shane Lasley, Mining News|Updated Sep 9, 2024

    Second campaign expected to generate another 10,000 oz of gold for Contango Ore, which will fund other direct shipping ore mines in Alaska. After receiving roughly $32 million of gold and silver in August from the first direct shipping ore processed under its hybrid royalty model, Contango Ore Inc. reports that Kinross Gold Corp. is processing the second batch of high-grade ore from Manh Choh through the mill at its Fort Knox Mine north of Fairbanks, Alaska. "It is great to... Full story

  • Molten gold being poured into a bar mold.

    Manh Choh ore delivers 55,000 oz gold

    Shane Lasley, Mining News|Updated Sep 5, 2024

    Contango ORE receives $32.2 million of gold and silver from the first direct shipping ore processed under its hybrid royalty model. Since the July 8 pouring of the first bar of gold, the Kinross Alaska mill recovered approximately 55,000 ounces of gold and 11,000 oz of silver from ore shipped from Manh Choh, a mine being operated under the Peak joint venture between Kinross Gold Corp. (70%) and Contango ORE Inc. (30%). For Contango, this marks the first revenue generated...

  • A drill tests for gold amidst alpine fall foliage in Alaska.

    Avidian closes sale of Alaska gold assets

    Shane Lasley, Mining News|Updated Sep 5, 2024

    Contango ORE buys the Golden Zone and Amanita exploration projects held by Avidian Gold Alaska. Avidian Gold Corp. Aug. 7 announced that it has finalized the sale of its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for $2.4 million (C$3.3 million), plus a potential future payment of $1 million (C$1.4 million) if Contango decides to develop a mine at the mineral exploration projects that came with the sale. With the purchase, Contango ORE gains ownership...

  • A 600-ounce gold bar stamped with “First gold pour Manh Choh.”

    New mine, new mining model in Alaska

    Shane Lasley, Mining News|Updated Sep 5, 2024

    Manh Choh underscores the potential of Contango's Hybrid Royalty Model to unlock the value of orphaned high-grade mineral deposits. The pouring of the first bar of gold from the Manh Choh Mine was a momentous occasion for Contango ORE Inc., Kinross Gold Corp., Tetlin Village, and others involved in the development of Alaska's newest gold mine. Two unique business models that led to the early July gold pour, however, could be more valuable than the 600 ounces of gold in the...

  • Helicopter near a drill pad at Snowline Gold’s Valley project.

    Snowline hits more major gold at Valley

    A.J. Roan, Mining News|Updated Aug 16, 2024

    Next set of assays reveal high-grade gold and significant resource expansion potential at Valley. Snowline Gold Corp. Aug. 7 announced more significant drill results from its ongoing exploration campaign at Valley within the company's Rogue project in Yukon, Canada, including a remarkable 471.6 meters averaging 2.4 grams per metric gold from surface. Holding seven prospective targets across the Yukon, Snowline's portfolio is split between its Rogue, Einarson, Ursa, Cynthia,...

  • A Komatsu excavator loads ore into a Cat haul truck at the Fort Knox gold mine.

    Mining adds a $2.5 billion boost to Alaska

    Shane Lasley, Mining News|Updated Aug 16, 2024

    Mining's benefits to the state's economy are poised to grow as the world seeks sustainable sources of the minerals Alaska is enriched with. A new study carried out by Alaska-based McKinley Research Group found that mining and minerals exploration contributed over $2.5 billion to Alaska's economy during 2023. "The mining industry continues its role as a powerhouse of Alaska's economy, partnering with local communities to drive significant economic benefits and support...

  • 558.7 meters of mineralized drill core laid out on display at Snowline’s camp.

    First Valley holes of 2024 outperform MRE

    A.J. Roan, Mining News|Updated Jul 24, 2024

    Company drills mineralization similar to past hundreds-of-meters-long results; grade and footprint surpass recent resource estimate. Snowline Gold Corp. July 24 announced that the first 2024 holes drilled at the Valley deposit in Yukon not only returned extensive mineralized intervals reminiscent of past 400- to 500-meter results but have also outperformed the initial resource estimate recently reported. "We are encouraged by such a strong start to our 2024 exploration...

  • A barge loaded with mineral exploration equipment and supplies on calm waters.

    Contango completes HighGold acquisition

    Shane Lasley, Mining News|Updated Jul 10, 2024

    Unique mining company adds new high-quality Alaska asset to portfolio just two days after its transition to gold producer. Contango ORE Inc. July 10 announced the completion of its acquisition of HighGold Mining Inc., a junior mineral exploration company that comes with the 1-million-ounce Johnson Tract gold project in Southcentral Alaska. "(W)e believe the combination of HighGold and Contango makes a tremendous amount of strategic sense," Contango ORE President and CEO Rick... Full story

  • A 600-ounce gold bar stamped with “First gold pour Manh Choh.”

    Manh Choh partners pour first gold

    Shane Lasley, Mining News|Updated Jul 9, 2024

    Kinross and Contango celebrate the pouring of first bar from gold project that boosts Fort Knox production, elevates junior to producer status. FORT KNOX MINE, ALASKA (July 8, 2024) – On a momentous occasion for both companies, Kinross Gold Corp. and Contango ORE Inc. celebrated the pouring of the first gold bar from the Manh Choh project in Alaska. Being operated under a joint venture between Kinross (70%) and Contango (30%), Manh Choh is a high-grade gold project on lands o... Full story

  • View of the JT Deposit, camp, airstrip, and proposed road at Johnson Tract.

    Contango-HighGold merger takes next step

    Shane Lasley, Mining News|Updated Jun 28, 2024

    HighGold shareholders overwhelmingly vote in favor of joining Alaska's next gold-producing company. In an embrace of Contango ORE Inc.'s unique vision of transforming high-quality projects into Alaska's next gold mines, HighGold Mining Inc. shareholders nearly unanimously approved a deal to merge with the Alaska-based gold company. During a special meeting held on June 27, 93.7% of HighGold shareholders approved the proposed merger with Contango. "We are very pleased to have t... Full story

  • Picturesque view of Snowline’s camp in Yukon, Canada.

    Valley: 7.3 million oz gold and counting

    A.J. Roan, Mining News|Updated Jun 27, 2024

    Inaugural resource is from Snowline's first two years of drilling; this year's program aims to grow the Yukon deposit, test new prospects. After just two seasons of drilling, Snowline Gold Corp. has reached a significant milestone with the unveiling of a multi-million-ounce gold resource for the Valley deposit on the company's Rogue property in the Yukon Territory. Exploring seven prospective targets across the Yukon, Snowline's portfolio is split between its flagship Rogue,... Full story

  • Map of Felix’s claims in relation to other gold properties near Fairbanks.

    Felix unveils maiden NW Array resource

    Shane Lasley, Mining News|Updated Jun 20, 2024

    Newest gold deposit in the Fairbanks Mining District hosts nearly half a million oz of the precious metal; newly opened claims unlock growth potential. Felix Gold Ltd. June 20 announced that it has outlined 467,000 ounces of gold in an inaugural resource for the NW Array deposit on the company's Treasure Creek project about 12 miles north of Fairbanks, Alaska. "We are delighted to announce this maiden inferred mineral resource at NW Array, which represents a significant...

  • A drill rig tests a gold project on an autumn day in Alaska.

    Avidian to sell Alaska assets to Contango

    Shane Lasley, Mining News|Updated May 17, 2024

    Agrees to sell Golden Zone, Amanita projects for up to $3.4 million in cash and Contango Ore shares. Avidian Gold Corp. May 2 announced that it has entered into a binding agreement to sell its Alaskan subsidiary, Avidian Gold Alaska Inc., to Contango ORE Inc. for US$2.4 million (C$3.3 million), plus a potential future payment of US$1 million (C$1.4 million) if Contango takes either of Avidian's Alaska assets to a production decision. "This transaction is a win-win,... Full story

  • A drill tests for gold on a steep slope in front of a snow-capped mountain.

    Contango and HighGold strike merger deal

    Shane Lasley, Mining News|Updated May 9, 2024

    Buyout will bring Johnson Tract into Contango Ore's pipeline of high-quality Alaska gold mine projects. In a deal that brings three high-quality Alaska gold projects into a single portfolio, Contango ORE Inc. has entered into a definitive agreement to acquire HighGold Mining Inc. in an all-shares deal valued at roughly $37 million (C$55 million). "The combination of HighGold and Contango makes a tremendous amount of strategic sense for both sets of shareholders – it is a t... Full story

  • Molten gold pours into a bar mold at the Fort Knox mine.

    Delivering more gold for Fort Knox growth

    Shane Lasley, Mining News|Updated May 8, 2024

    As trucks deliver Manh Choh ore, Kinross invests in near-pit resource growth, workforce growth in AK. Kinross Gold Corp. Feb. 17 reported that its Fort Knox Mine in Alaska produced 290,651 ounces of gold during 2023. While this is on par with the 291,248 oz produced in 2022, the company expects gold output from the Kinross Alaska mill at Fort Knox to rise sharply with the introduction of much higher-grade ore from the Manh Choh mine later this year. The nearly 300,000 oz of... Full story

  • Molten gold pours into a bar mold at the Fort Knox mine.

    Alaska mine value tops $4 billion in 2023

    Shane Lasley, Mining News|Updated May 8, 2024

    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... Full story

  • Rackla Metals’ camp at Mile 222 Airstrip in NWT.

    Rackla Metals breaks into Yukon scene

    A.J. Roan, Mining News|Updated May 8, 2024

    Junior explorer has explosive 2023, confident of potential RIRGS deposits on Yukon property. Rackla Metals Inc. April 1 announced the results from its 2023 exploration program on the company's Peak target located within the Kelvin Stock of the Astro Plutonic Complex in Yukon, Canada. A Vancouver-based junior gold exploration company Rackla Metals, not to be confused with the Rackla property, is advancing projects located in eastern Yukon, and western Northwest Territories,...

  • A driller tests for gold as the snow melts on a spring day in Alaska.

    Felix Gold preps for NW Array resource

    Shane Lasley, Mining News|Updated May 8, 2024

    With metallurgical tests returning an average of 90% gold recoveries, Felix looks ahead to first resource calculation for emerging gold deposit. Felix Gold Ltd. April 10 reported that recent metallurgical test work returned strong gold recoveries for the oxidized material within the Northwest Array (NW Array) target at Treasure Creek, which lays the groundwork for calculating a maiden resource for this gold-antimony project about 12 miles west of Kinross Gold Corp.'s Fort...

  • Enormous cylindrical mills crush ore at the Fort Knox mine in Alaska.

    Fort Knox gold output slows during Q1

    Shane Lasley, Mining News|Updated May 8, 2024

    Less ore through the mill and lower grades impact production; Manh Choh remains on track for Q3. Kinross Gold Corp. May 7 reported that its Fort Knox Mine in Alaska produced 53,350 ounces of gold during the first quarter of 2024, which is a 37% drop from the 84,215 oz produced during the previous three-month period and 18% lower than the 65,387 oz produced during the first quarter of 2023. Due to the effects of cold weather on recoveries from the heap leach pad, a drop in... Full story

  • Map showing Felix Gold properties in relation to Fairbanks and Fort Knox Mine.

    Felix Gold takes fresh look at Grant Mine

    Shane Lasley, Mining News|Updated Mar 21, 2024

    Plans to carry out drilling to expand high-grade gold resource; primary focus remains on NW Array gold. Felix Gold Ltd. March 15 announced that it is taking a fresh look at a potential pathway to establishing a mine at the historical Grant gold mine a few miles northwest of Fairbanks, Alaska. A high-grade deposit was discovered at Grant in 1926 and small-scale mining was carried out there until 1942. Interest in the high-grade gold deposit was renewed in the 1970s and mining...

  • Handful of gold nuggets found on Granite Creek in Mount Hinton.

    Trifecta to buy massive Strategic portfolio

    A.J. Roan, Mining News|Updated Mar 14, 2024

    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...

  • Drillers test for gold on a cloudy summer day in Southwest Alaska.

    Tectonic strikes gold with 19 holes at Flat

    Shane Lasley, Mining News|Updated Feb 22, 2024

    Company now seeking higher-grade sweet spot of enormous gold system affirmed with 2023 drilling. Tectonic Metals Inc. Feb. 7 reported that all 19 holes drilled during its inaugural program at the Chicken Mountain target on the Flat project in the Kuskokwim region of Southwest Alaska cut intrusion-related gold mineralization similar to what is being mined at Kinross Gold Corp. Fort Knox mine near Fairbanks, Alaska. Located about 25 miles (40 kilometers) north of the...

  • Mining executive and Alaska governor on a ridge overlooking the Skwentna River.

    Critical year for Alaska mineral exploration

    Shane Lasley, Data Mine North|Updated Feb 1, 2024

    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... Full story

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