The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 78
Company sees Brandon Macdonald step down; position to be held by Peter Hemstead in interim. Fireweed Metals Corp. May 3 announced an abrupt change of management with the replacement of its former CEO and director, Brandon Macdonald, for Peter Hemstead, who has been appointed as the interim president and CEO. "On behalf of the board, I would like to thank Brandon for the role he has played in helping build Fireweed into one of Canada's leading base-metal exploration...
Anticipating the economic jackpot expected to occur for the Yukon once Western Copper and Gold Corp.'s world-class Casino project kicks into full swing, the territorial government approved a C$21.4 million (US$15.8 million) investment in the Alaskan city of Skagway for its ongoing port redevelopment project. As part of its larger Skagway Port Master Plan, the small port city located on the northern end of the Alaskan Panhandle that borders the Yukon relies primarily on...
Yukon takes over, hires JDS Mining to maintain site; mine closure may sink Minto Metals and Pembridge. Inundated by the forces of nature and finance, Minto Metals Corp. is shuttering operations at its Minto copper mine in Canada's Yukon. "Needless to say, ceasing operations at the Minto mine was an extremely difficult and disappointing decision, that was not taken lightly," said Minto Metals President and CEO Chris Stewart. Unable to continue to meet its financial obligations...
The North of 60 Mining area hosts billions of pounds of copper ready to be delivered to a world craving this metal in sky-high demand for wiring the electric vehicles and renewable energy infrastructure that would enable the envisioned low-carbon future. Whether enough of these copper-rich projects are developed in time to circumvent a short circuit of the clean energy transition remains to be seen. Global Market analysts such as S&P Global have predicted that copper...
Yukon Minister of Energy, Mines and Resources John Streicker April 18 announced that Minto Metals Corp. has been issued an inspector's direction to take action to prevent overfilling of the tailings storage facilities at its Minto copper mine during the spring snowmelt. Located within the traditional territory of the Selkirk First Nation in the Minto Copper Belt of the Yukon, the Minto Mine has been in operation since 2007, with underground mining commencing in 2014. Over the...
Minto Metals Corp. April 12 announced the final results from 2022 exploration at its Minto Mine, which includes some of the highest copper grades in the history of its exploration at this Yukon operation. "We are very pleased with the results from the last batch of drilling and assays returned," said Minto Metals Vice President of Exploration David Benson. "The high-grade mineralization reported for drill hole 22EXP053 are some of the highest grade copper assays returned in th...
Minto Metals Corp. March 16 announced that it will not be shipping Minto Mine copper concentrate through the ore terminal in the Southeast Alaska port town of Skagway for at least the next two years. Concentrates enriched with copper, gold, and silver produced at Minto have been shipped out of Skagway since the 2007 start of production at the Yukon mine. The Skagway Ore Terminal, which is only about 110 miles (175 kilometers) south of the Yukon capital city of Whitehorse and...
Minto Metals Corp. Feb. 28 announced with the results from its 2022 exploration program at the Minto Mine a new lens discovery at Minto East that returned multiple holes of high-grade copper and could add new resources for this northern Yukon miner. According to the most recent calculation, Minto hosts 11.09 million metric tons of measured and indicated resource averaging 1.46% (356 million lb) copper, 0.53 grams per metric ton (189,000 oz) gold, and 4.75 g/t (1.86 million...
Though effects of the COVID-19 pandemic lingered, mineral explorers rushed to the Yukon like moths to a flame during 2022. Mining's most daring sector rallied to generate the busiest field season seen in Canada's westernmost territory in years. In June, Natural Resources Canada projected mineral exploration and deposit appraisal spending in Yukon during 2022 to total C$157.9 million, up 14.5% from C$135.1 million estimated for 2021 and nearly double C$83.6 million in 2020....
After being spun out from parent purchaser Pembridge Resources plc, Minto Metals Corp. kicked off the year with its strongest quarter yet with production results from its Minto copper mine in central Yukon. Bought from Capstone Mining Corp. in early 2018, Pembridge managed to complete its first full year of operations in 2020, despite the ongoing challenges of the COVID-19 pandemic. Toward the end of that year, the company completed the formation of Minto Metals Corp., a TSX...
Minto Metals Corp. Dec. 20 announced the results from its 2022 magnetotellurics geophysical survey over its Minto copper mine property in Yukon, Canada. Magnetotellurics is a passive electromagnetic technique that maps resistivity by measuring telluric currents induced in the earth by natural sources such as lightning, solar flares, and ionospheric resonances. In layman, this essentially means sensitive equipment detects the natural electrical currents that flow through the...
Minto Metals Corp. Oct. 12 reported that its Minto Mine in the Yukon produced 7.9 million pounds of payable copper during the third quarter, resulting in approximately 22.4 million lb so far this year. Located within the traditional territory of the Selkirk First Nation in the Minto Copper Belt of the Yukon, the Minto Mine has been in operation since 2007, with underground mining commencing in 2014. Since 2007, approximately 500 million lb of copper has been produced at this...
Minto Metals Corp. Oct. 20 announced that recent assay results from its planned 30,000-meter exploration drilling program for 2022 have extended known mineralization at its Minto North deposit, as well as added potentially new resource at its Cu Keel South deposit at the company's Minto Mine in the Yukon. "This phase of drilling focused on high priority, untested exploration targets adjacent to the current resource base and followed-up on successful discovery holes from the...
Minto Metals Corp. July 19 reported the second quarter production results from its Minto mine located within the Selkirk First Nation in central Yukon, as well as two new members to the company's management team. "Our second quarter production results highlighted our third consecutive quarter of operational improvement as compared to 2021, including a 16% increase in payable copper pounds for QTR 2, however we were behind on our planned targets for the quarter," said Minto...
Minto Metals Corp. April 28 reported that the results from its ongoing 2022 exploration drilling at Minto are showing strong potential for expanding the resource and life of this copper mine in the Yukon. The Minto mine has been in operation since 2007, with underground mining commencing in 2014. Over the past nearly 15 years, approximately 500 million pounds of copper have been produced from this operation. The previous owners, Capstone Mining Corp., put Minto into care and m...
After being spun out from parent purchaser Pembridge Resources plc, Minto Metals Corp. April 6 announced the company's first-quarter production results from its Minto copper mine in central Yukon. Bought from Capstone Mining Corp. early in 2018, Pembridge managed to complete its first full year of operations in 2020, despite the ongoing challenges of the COVID-19 pandemic. Toward the end of that year, the company completed the formation of Minto Metals Corp., a TSX Venture...
Mining exploration and production activity soared in Yukon Territory in 2021 thanks to high metals prices, pro-industry government policies, and mounting successes in the field. Bouncing back from some of the most challenging working conditions in modern history due to the COVID-19 pandemic, placer and hardrock miners stepped up the pace of their activities, posting record production numbers and promising exploration results. With the rollout of COVID vaccines and the prospect...
Rockhaven Resources Ltd. Aug. 19 announced major changes to its board of directors, management, and technical team that reflect a transition toward prefeasibility and permitting at the company's Klaza gold-silver project in the Yukon. A preliminary economic assessment completed last year outlines plans for a mine at Klaza that would produce roughly 750,000 ounces of gold and 13.8 million oz of silver over 12-years. This scoping level study is based on 4.46 million metric tons...
Alaska, Northern British Columbia, and the Yukon are home to a dozen advanced stage exploration and mine projects hosting billions of pounds of copper ready to deliver to a world demanding massive amounts of this conductive metal for the green energy and electric mobility transition envisioned over the next three decades. In its report, "Copper is the new oil," Goldman Sachs forecasts that the electrification of transportation and decarbonization of electrical generation...
Granite Creek Copper Ltd. is leveraging the power of artificial intelligence to help discover more copper, gold, and silver across its Carmacks and Carmacks North project in the Yukon. After acquiring Copper North Mining Corp. late last year, Granite Creek expanded its land position within Yukon's Minto Copper Belt to 176 square kilometers (68 square miles). This merged land package includes the Carmacks deposit, which hosts 23.76 million metric tons of resources averaging...
From the first glimpse of a potential new discovery to watching the first load of ore pour into a new mill, mineral explorers working in Yukon Territory during 2020 reported experiencing the full gamut of mining highs. Encouraged by the commissioning of the Eagle Gold Mine, government grants for exploration projects, and metals prices, dozens of juniors rushed to the Yukon to chase prospects in the northern territory. "Based on the historic trends, coming into 2020, it looked...
When Granite Creek Copper Ltd. decided to refocus its energies on finding copper in Yukon Territory in October 2018, it swung into action, aggressively tackling its vision of becoming a leading copper exploration company. Just over two years later, the junior has acquired the advanced Carmacks Copper Project and is hoping to establish a mineral resource estimate on its larger Stu Project next door. To begin its transition, the junior changed its name from Granite Creek Gold...
Doyon Ltd. is seeing a resurgence of mineral exploration on its lands across Interior Alaska, especially on gold properties held by the Alaska Native Claims Settlement Act regional corporation. Running the breadth of Alaska between the Brooks Range to the north and Alaska Range to the south, the Doyon region blankets a mineral-rich swath of Alaska's Interior that is nearly the size of Texas. Doyon itself, owns 12.5 million acres of land within this vast region, making it the...
Yukon Territory, a mineral exploration frontrunner in Canada's North, is witnessing a significant slowdown in 2019. As a result, growth in Yukon's economy is expected to slow this year but rebound in 2020, according to The Conference Board of Canada. In its "Territorial Outlook Economic Forecast: Summer 2019," released in June, the board said new mines coming online in 2020 will drive Yukon's growth in the near future. Several factors, however, have converged to put the...
Though mineral exploration in Yukon Territory this year lagged the pace seen in 2018, mine development projects advanced at a steady clip in 2019, while several past-producing mines moved toward resuming output. Yukon ranked fourth in Canada for projected spending on mineral exploration and deposit evaluation for 2018, according to statistics distributed by Natural Resources Canada. Spending for mineral exploration and deposit evaluations totaled C$249.4 million, made up of C$...
