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 212
American Pacific Mining outlines plans to test copper-rich resource expansion targets during 2024 drilling at high-grade project in SE Alaska. American Pacific Mining Corp. March 25 outlined plans for a US$12.8 million resource expansion exploration program this year at the high-grade Palmer volcanogenic massive sulfide (VMS) project in Southeast Alaska. Being advanced under a joint venture between American Pacific and Dowa Metals & Mining Company Ltd., Palmer hosts 4.68...
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...
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
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
American Pacific Mining Corp. landed on the North of 60 Mining New scene with the 2022 buyout of Constantine Metal Resources Ltd., giving the company a roughly 45% interest in the Palmer volcanogenic massive sulfide project in Southeast Alaska. This project is being advanced under a joint venture with Dowa Metals & Mining Company Ltd. that was established before American's acquisition of Constantine. A preliminary economic assessment that was updated in 2022 outlines an... Full story
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
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
American Pacific reports four of the most significant copper intercepts at Palmer to date. American Pacific Mining Corp. Jan. 10 reported multiple holes with spectacular copper grades over wide widths at Palmer, a volcanogenic massive sulfide project near the port town of Haines in Southeast Alaska enriched with zinc, copper, gold, and silver. According to a 2018 calculation, the Palmer project hosts 4.68 million metric tons of indicated resource averaging 5.23% (539 million...
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...
American Pacific Mining Corp. Nov. 14 reported additional high-grade copper and zinc assays from the 2023 drill program at its Palmer volcanogenic massive sulfide project near the town of Haines in Southeast Alaska. A preliminary economic assessment that was updated prior to American Pacific's acquisition of a roughly 45% joint venture interest in Palmer late last year outlines an underground mine and a 3,500-metric-ton-per-day mill at the project that would produce 1.07 billi...
American Pacific Mining Corp. Oct. 18 announced the initial results from its finished 2023 field program at its Palmer copper-zinc project in Southeast Alaska. Located in the Porcupine Mining District near the town of Haines, Alaska, Palmer is an advanced-stage, high-grade volcanogenic massive sulfide-sulfate deposit operated under Constantine North Inc., a subsidiary of American Pacific, and funded as part of a joint venture with Dowa Metals & Mining Co., Ltd. "The 2023...
American Pacific Mining Corp. Oct. 4 announced that it is wrapping up the 2023 field program at Palmer with roughly 500 meters of drilling to test a new target on this advanced-staged zinc-copper-silver-gold exploration project near the town of Haines in Southeast Alaska. A preliminary economic assessment that was updated prior to American Pacific's acquisition of a roughly 45% joint venture interest in Palmer late last year outlines an underground mine and a...
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...
American Pacific Mining Corp. Aug. 8 reported that the 2023 drill program at Palmer has cut up to 43-meter-thick zones of volcanogenic massive sulfide mineralization that include veinlets of native copper at this high-grade zinc-copper-silver-gold project in Southeast Alaska. "Drilling progress is ahead of schedule, and we are pleased to report that semi-massive and massive sulphide mineralization has been observed over drilled thicknesses of approximately 40 metres within...
For those in the know, Alaska's resources aren't just some surprise windfall for renewable energy technologies. While precious metals like gold and silver have been the primary focus of more than a century of mining up north, the 49th State is home to 49 of the 50 materials on the United States' critical minerals list and has a history of stepping up to the plate to provide America with critical minerals when they are needed the most. Looking ahead over the next two to three...
American Pacific Mining Corp. June 19 announced the start of a 9,000-meter resource upgrade and expansion drill program at Palmer, a high-grade volcanogenic massive sulfide project in Southeast Alaska enriched with zinc, copper, silver, and gold. American Pacific gained a roughly 45% interest in this advanced-stage polymetallic mine project through the acquisition of Constantine Metal Resources Ltd. in October of last year. Dowa Metals & Mining Company Ltd. owns the remaining... Full story
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...
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
American Pacific Mining Corp. April 24 announced that a US$25.5 million (C$34.5 million) budget has been approved for the 2023 work program at Palmer, which will be the largest single-season program ever carried out at this high-grade volcanogenic massive sulfide project in Southeast Alaska. A 2019 preliminary economic assessment that was updated early in 2022 outlines plans for an underground mine and 3,500-metric-ton-per-day mill at Palmer that would produce 1.07 billion...
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...
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...
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...
Gold dominates Alaska mineral exploration, but a critical shift arises. Since the discovery of gold in what is now the Alaska capital city of Juneau, prospectors, geologists, and fortune seekers have spent more than 140 consecutive summer seasons exploring The Last Frontier's golden potential. With these endeavors turning up rich aurum lodes in every corner of the state, except for the oil-rich North Slope, the nearly century-and-a-half tradition of seeking and discovering wor... Full story
With the buyout of Constantine Metal Resources Ltd., American Pacific Mining Corp. gained a roughly 45% ownership of the Palmer zinc-copper-silver-gold-barite mine project in Southeast Alaska. Being advanced under a joint venture with Dowa Metals & Mining Alaska Ltd., Palmer hosts two adjacent volcanogenic massive sulfide deposits with a combined 4.68 million metric tons of indicated resource averaging 5.23% (539 million pounds) zinc, 1.49% (154 million lb) copper, 30.8 grams...
From antimony historically mined near the Interior Alaska city of Fairbanks to the zinc and germanium produced at the Red Dog Mine, America's 49th State is a past producer, and a potential future source of the minerals and metals deemed critical to the United States. Earlier this year U.S. Geological Survey updated and expanded its list of critical minerals to include 50 minerals and metals essential to the economic or national security of the U.S. and which has a supply... Full story
