The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
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,...
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...
Hecla Mining Company July 10 said silver production at its Greens Creek silver mine exceeded expectations during the first half of 2020, due to the higher grade ore mined there. The Southeast Alaska operation produced 5.53 million ounces of silver during the first six months of this year, a 20% increase over the 4.61 million oz produced during the first half of 2019. During the three months ending June 30, Greens Creek produced 2.75 million oz of silver, a 16% increase over...
COVID-19 has not affected gold output at Kinross Gold Corp.'s Fort Knox Mine but did contribute to higher production costs at the open-pit operation in Alaska during the first quarter of this year. During the first three months of 2020, Fort Knox produced 51,667 ounces of gold, which is slightly less than the 53,183 oz of produced during the previous quarter but a roughly 37% jump over the 37,613 oz of gold produced at the Interior Alaska mine during the first quarter of...
Northern Star Resources Ltd. April 28 reported that its Pogo Mine in Alaska produced 49,340 ounces of gold during the first three months of 2020. While this is a 3,194 oz increase over the prior quarter, it is less than the Australia-based mining company expected. The lower than expected gold production at Pogo is due largely on the company's implementation of the COVID-19 operating protocols at the mine, which affected labor availability and underground productivity....
Global metal production has been severely disrupted due to government mandated suspension of mining operations in response to the COVID-19 pandemic. According to figures released by GlobalData, 32 countries have passed partial or complete lockdown orders that by April 3 had led to the temporary suspension of activities at over 1,600 mines. Silver is the hardest hit by global government lockdowns, with the equivalent of 65.8% of annual global production of this industrious...
Looking "to chart the path forward toward a future of unparalleled American prosperity" in the wake of the COVID-19 pandemic, President Donald Trump has pulled together a wide array of business and thought leaders into various "Great American Economic Revival Industry Groups." National Mining Association President and CEO Rich Nolan was named among the esteemed leaders to the United States economic recovery group. "We appreciate President Trump's leadership during this...
As the United States hunkers down to flatten the curve of the COVID-19 pandemic, it remains imperative for the nation to maintain the critical infrastructure needed to respond to the global emergency and ensure systems remain intact for after the coronavirus has passed. The Department of Homeland Security considers mining among 16 critical infrastructure industries that "have a special responsibility in these times to continue operations." In its March 28 "Guidance on the...
Agnico Eagle Mines Ltd. March 25 reported that it is temporarily shuttering its LaRonde Complex, Goldex and Canadian Malartic gold mines in Quebec, and reducing operations at its Meadowbank and Meliadine mines in Nunavut. This decision follows a March 23 order by the Quebec government for all non-essential businesses in the eastern Canada province to close in response to the COVID-19 outbreak. Based on the Quebec decision, as well as discussion with provincial leaders, Agnico...
Barrick Gold Corp. March 20 announced it has stepped up its emergency response plans for dealing with the COVID-19 pandemic at all its sites and offices across the world. The latest round of measures by the global gold mining company includes the suspension of all non-essential business travel and the curtailing of all non-vital projects. Barrick Gold President and CEO Mark Bristow said the company was closely monitoring the very fluid COVID-19 situation, constantly updating...
