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(66) stories found containing 'newcrest mining'

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  • Thick veins of gold running through core from drilling the Brucejack Mine.

    Newmont makes transitional acquisition

    Shane Lasley, Data Mine North|Updated Feb 22, 2024

    With the roughly $19 billion buyout of Newcrest Mining Ltd., Newmont Corp. has added two operating mines to its already impressive portfolio of gold and copper assets in the Golden Triangle region of Northern British Columbia. "By combining the two existing Newcrest operations, Brucejack and Red Chris, with Newmont's Saddle North and Galore Creek projects, a Tier 1 district in the highly prospective Golden Triangle region of British Columbia will be created – a district in w...

  • Dark grey drill core with bands of metallic gold-colored copper mineralization.

    North of 60 Mining M&A heats up in 2023

    Shane Lasley, Data Mine North|Updated Feb 22, 2024

    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... Full story

  • Loaded mining haul truck with a bed painted to honor the Tahltan Nation.

    Golden Triangle of Northern BC ESG mining

    Shane Lasley, Data Mine North|Updated Feb 20, 2024

    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... Full story

  • A large Cat mine truck, water truck, and dozer at the Manh Choh gold mine.

    North of 60 Mining News 2023 Top 10

    Shane Lasley, Mining News|Updated Jan 17, 2024

    From breaking ground at Alaska's next gold mine to the advancement of North of 60 projects focused on delivering the metals needed for the transition of low-carbon energy, and an impressive safety milestone at Alaska's only coal mine to a history of the helicopters that make mineral exploration across the North possible, here is a countdown of the 10 most popular North of 60 Mining News articles in 2023: No. 10 - CORE celebrates Manh Choh, Lucky Shot Contango Ore Inc., a... Full story

  • Canada, Tahltan Nation, and Australia flag trucks at mine in Northern BC.

    M&A activity reshapes North of 60 mining

    Shane Lasley, Data Mine North|Updated Jan 17, 2024

    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... Full story

  • Bands of gold-colored copper mineralization ribbon dark grey drill core.

    Newmont finalizes Newcrest acquisition

    Shane Lasley, Mining News|Updated Nov 30, 2023

    World's top gold mining company adds two Golden Triangle mines to its two large gold-copper projects in Northern BC. In a historic deal that adds to Newmont Corp.'s position as the world's largest gold producer while also substantially boosting its production of the copper needed for the energy transition, the Colorado-based mining company has completed the roughly US$19 billion buyout of Newcrest Mining Ltd. "Today marks a historic milestone in our company and the industry...

  • A collage of drill core from H23-017 with a huge vein of gold.

    Blackwolf howls for bonanza gold in BC

    A.J. Roan, Mining News|Updated Nov 16, 2023

    Blackwolf Copper and Gold Ltd. Oct. 30 reported bonanza grade gold intercepts from the first assays from drilling at the Swann target on the Harry property, the company's first property on the British Columbia side of the Golden Triangle. Located between Ascot Resources' Premier gold mine and Scottie Resources Corp.'s Scottie gold mine, Harry is a 1,333-hectare (3,294 acres) gold exploration property that Blackwolf obtained after purchasing Optimum Ventures Ltd. around...

  • Year-one graduating participants of the Tahltan HEO program.

    Tahltan celebrates HEO program success

    A.J. Roan, Mining News|Updated Nov 10, 2023

    Receives funding to train Tahltan heavy equipment operators; skills for enhanced opportunities. In an exciting move that will provide job opportunities for Tahltans and expand the mining workforce available in British Columbia's Golden Triangle, Tahltan Nation Development Corp. has received funding from the B.C. Ministry of Post-Secondary Education and Future Skills – Indigenous Skills Training and Education Program to support a second year of the literal and figurative ground...

  • A technician with electronic equipment surveys a gold mine in Nevada.

    Newmont CEO delivers powerful message

    Shane Lasley, Mining News|Updated Oct 5, 2023

    Urges the mining industry to build goodwill and trust to survive societal, geopolitical, and new technology megatrends in a changing world. Newmont President and CEO Tom Palmer did not waste his keynote address at the Minerals Week 2023 gathering in Australia to tout the many achievements of the world's largest gold mining company he leads. Instead, he delivered a powerful and sometimes foreboding message to the mining leaders in the room and around the world about the...

  • Grey drill core riddled with high-grade copper and gold mineralization.

    Growth at Newcrest's Northern BC mines

    Shane Lasley, Mining News|Updated Aug 3, 2023

    Increased copper and gold output at Red Chris and Brucejack; drilling shows promising future potential at both BC mines. As the finalization of its merger with Newmont Corp. looms on the horizon, Newcrest Ltd. reports increased metals production and abundant upside at its Red Chris and Brucejack mines in the Golden Triangle region of Northern British Columbia. "In May we reached an agreement for Newmont to acquire 100% of the issued shares in Newcrest," said Sherry Duhe, the i...

  • A smartphone displays Newmont’s logo in front of mining company’s webpage.

    Newmont, Newcrest agree on merger deal

    Shane Lasley, Mining News|Updated Jun 1, 2023

    Merged company will hold several world-class gold, copper assets in Northern BC's Golden Triangle. In a deal that will bring together several world-class copper and gold projects in British Columbia's Golden Triangle, Newmont Corp. and Newcrest Mining Ltd. have agreed upon a merger worth A$28.8 billion (US$19.3 billion) to Newcrest shareholders. "The combination of Newmont and Newcrest represents an exceptional value proposition for shareholders and other stakeholders," said N...

  • A view of the ends of various-sized copper cables for electrical transmission.

    A northern solution to copper shortage

    Shane Lasley, Mining News|Updated May 11, 2023

    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... Full story

  • A smartphone displays a Newmont webpage before an up-trending stock chart.

    Newmont has extra week for Newcrest offer

    Shane Lasley, Mining News|Updated May 11, 2023

    Newcrest Mining Ltd. May 11 announced that it has granted Newmont Corp. one more week to complete due diligence ahead of finalizing a merger between the two large mining companies. In February, it was revealed that Newmont had made an all-shares merger offer of 0.363 Newmont shares for each Newcrest share held and then a second for 0.38 Newmont shares per Newcrest share. Newcrest, however, balked from the first two offers because the board of directors did not believe either...

  • Map showing the many critical mineral occurrences across Alaska.

    I feel the earth moving under my feet

    J. P. Tangen, Special to Mining News|Updated May 4, 2023

    Let's talk about electric car batteries, their mineral content, the source of the minerals, and where those minerals are refined. Generally speaking, according to a recent piece in the Washington Post, electric car batteries weigh about 900 pounds – 900 pounds of minerals that have to be mined, refined, combined and shaped, fitted and installed into cars – cars that are being pushed onto the American public because they don't require polluting gasoline. We are told that electr... Full story

  • Newmont webpage in front of digital stock chart representing increased value.

    Newmont sweetens Newcrest merger offer

    Shane Lasley, Mining News|Updated Apr 27, 2023

    New $19.6 billion proposal deemed fair by Newcrest board; companies advance one step closer to merger. With a new US$19.6 billion (A$29.4 billion) offer, Newmont Corp. is one step closer to completing a merger with Newcrest Mining Ltd. For Newmont, which is already the world's largest gold mining company, the proposed combination with Newcrest would add gold and copper production from mines in Australia, Canada, and Papua New Guinea. In February, it was revealed that Newmont...

  • Silver bars and a balance scale with gold on one side and weights on the other.

    North of 60 Mining M&A activity heats up

    Shane Lasley, Mining News|Updated Mar 23, 2023

    From competing offers for an exploration company with large and intriguing mineral projects in the Yukon, to the world's largest gold miner making a US$17 billion bid to buyout an Australian mining company with two producing assets in British Columbia's Golden Triangle, February was a big month for mergers and acquisitions in the North of 60 Mining News coverage area. Three M&A proposals were put forward in February that would create a shift in the North of 60 mining sector...

  • Bands of metallic copper-gold mineralization in core from Red Chris drilling.

    Newcrest eyes bigger Red Chris potential

    Shane Lasley, Mining News|Updated Mar 16, 2023

    Newcrest Mining Ltd. and Imperial Metals Corp. March 13 announced that the East Ridge exploration target at the Red Chris copper-gold mine in Northern British Columbia is shaping up to be substantially larger than originally envisioned. Based on drilling completed up to mid-2022, Newcrest estimated that East Ridge could host up to 170 million metric tons of resource averaging 0.5% (2 billion pounds) copper and 0.5 grams per metric ton (2.8 million ounces) gold on the low end,...

  • Bands of metallic copper-gold mineralization in core from Red Chris drilling.

    Newmont makes $17B offer for Newcrest

    Shane Lasley, Mining News|Updated Mar 2, 2023

    Proposed merger could have major implications for several mining projects in BC's Golden Triangle. Over the weekend, Newcrest Mining Ltd. and Newmont Corp. confirmed rumors of a proposed merger that has major implications for the future of mining in British Columbia's Golden Triangle. "We believe a combination of Newmont and Newcrest presents a powerful value proposition to our respective shareholders, workforce and the communities in which we operate," said Newmont President...

  • Thick veins of gold running through core from drilling the Brucejack Mine.

    Newcrest adds bonanza gold to BC assets

    Shane Lasley, Data Mine North|Updated Feb 26, 2023

    Gaining ownership of the Brucejack Mine through the US$2.8 billion buyout of Pretium Resources Inc., Newcrest Mining Ltd. consolidated all the current large-scale gold, silver, and copper production in the Golden Triangle and established Northern British Columbia as a solid foundation for the Australia-based company's growing North American presence. The high-grade Brucejack Mine adds more than 300,000 ounces per year to Newcrest's annual gold production and created synergies...

  • The Brucejack mill and camp facilities are nestled in snow-covered mountains.

    Red Chris, Brucejack mine output drops

    Shane Lasley, Mining News|Updated Feb 10, 2023

    Newcrest Mining Ltd. Jan. 25 reported a drop in gold and copper production at its two mines in Northern British Columbia during the fourth quarter of calendar year 2022. Newcrest's BC assets include a 70% operating ownership of the Red Chris copper-gold mine, Imperial Metals Corp. owns the remaining 30% interest and full ownership of the Brucejack gold mine. The drop in gold production at Brucejack was anticipated due to a fatality during the quarter that resulted in a 21-day...

  • A colorful sunset paints the horizon orange at the Graphite Creek project in AK.

    North to the critical mineral future

    Shane Lasley, Data Mine North|Updated Jan 20, 2023

    The increasing number of electric vehicles charged with renewable energy, connected to 5G networks, and boasting the computing power of 200 laptops to autonomously traverse global highways is creating a meteoric rise in demand for the minerals and metals critical to clean energy and high-tech. Benchmark Mineral Intelligence, the foremost authority on lithium battery supply chains, estimates that more than 300 new mines will need to come online by 2035 – just to produce the c... Full story

  • Outcropping rock with copper mineralization that is blue from oxidization.

    Northern BC offers ESG mining benefits

    Shane Lasley, Data Mine North|Updated Jan 18, 2023

    Working with First Nations is key to unlocking the Golden Triangle's vast potential. A world-class copper-gold district that is also enriched with nickel, cobalt, platinum group metals, and other critical minerals, the Golden Triangle region of Northern British Columbia is poised to be a major supplier of the mined commodities critical to a low-carbon future, cutting-edge technologies, and strong global economies. "Responsible mineral exploration and development are critical... Full story

  • Welcome to Hyder Alaska sign above the road crossing into Alaska from BC.

    Optimum acquires Salmon gold property

    Shane Lasley, Mining News|Updated Dec 22, 2022

    Optimum Ventures Ltd. Dec. 14 announced that it has acquired the Salmon gold property in the Hyder Mining District of Southeast Alaska. A TSX Venture Exchange-listed junior, Optimum has been exploring gold-silver projects near Hyder, Alaska, and just across the border in British Columbia's Golden Triangle since 2021. In November, Optimum announced that it had entered into an agreement to acquire all the shares of 1309762 B.C. Ltd., a private company that owns the Salmon...

  • Aerial view of a Brucejack in the snow-covered mountains of Northern BC.

    Brucejack gold mine operations resume

    Shane Lasley, Mining News|Updated Nov 17, 2022

    Newcrest Mining Ltd. Nov. 16 announced the restart of operations at Brucejack following a more than three-week shutdown to investigate the cause of an Oct. 22 fatality at the high-grade underground gold mine in Northern British Columbia. While details surrounding the cause of the incident nor the identity of the miner involved have not been released, it was previously reported that the worker was an employee of Procon, the underground mine contractor at Brucejack. In order to...

  • The Brucejack mill facility in the midst of glaciated mountains in Northern BC.

    Blemish to Newcrest's progress in BC

    Shane Lasley, Mining News|Updated Nov 3, 2022

    Miner fatality at Brucejack puts a hold on plans to ramp up Golden Triangle mining. Newcrest Mining Ltd.'s Red Chris and Brucejack mines in British Columbia's Golden Triangle produced 101,636 ounces of gold and 19.2 million pounds of copper during the third quarter of 2022. The precious and base metals output at the Australia-based company's two Northern BC operations, however, was overshadowed by an Oct. 22 fatality at Brucejack, the newest addition to Newcrest's portfolio....

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