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 121
In the meantime, Joe Ovsenek-led P2 Gold will head the 2024 exploration at Eskay Mining's property in the heart of B.C.'s Golden Triangle. In a deal that will see former Pretium Resources President and CEO Joe Ovsenek returning to British Columbia's Golden Triangle, Eskay Mining Corp. and P2 Gold Inc. have entered into a preliminary deal to merge the two gold-focused exploration companies. Eskay Mining is exploring the Eskay-Corey (formerly Consolidated Eskay) project in North...
Anchored by five royalties contributed by Nisga'a Nation in Northern BC, Nations Royalty is world's first Indigenous-owned metals royalty firm. The June 20 listing of Nations Royalty as an investment company on the TSX Venture Exchange was a milestone that will likely forever change the mining landscape in Canada and beyond. Born out of the vision of mining magnate Frank Giustra, a First Nations-to-mining bridge brought to the table by lifelong Northern British Columbia... Full story
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...
Nations Royalty is positioned to be Canada's largest business majority owned by a First Nation, significant player in realm of mining royalties. Leveraging royalties it has received through benefits agreements for mine projects in Northern British Columbia, the Nisga'a Nation is forming a Canadian First Nations mining royalty company for Indigenous people. The Nisga'a Nation's lands and treaty area covers nearly 27,000 square kilometers (10,400 square miles) at the southern...
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...
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...
British Columbia's Golden Triangle is poised for a mining boom that raises the bar when it comes to achieving the higher environmental, social, and guidance expectations for companies that produce the gold, silver, copper, and other metals the world needs and wants. While this mineral district in BC's northwest corner is famed for its rich stores of copper, gold, and silver – and to a lesser degree, nickel, cobalt, platinum group metals, and other critical minerals – the ESG...
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...
With open pit mineable reserves that can support a financially robust mine capable of averaging more than 1 million ounces of gold, 3 million oz of silver, 178 million pounds of copper and 4.2 million lb of molybdenum annually for 33 years, Seabridge Gold Inc.'s KSM project in British Columbia's Golden Triangle is world-class by all measures. This operation, which was detailed in a prefeasibility study completed in June, does not consider the block cave mining of underground... Full story
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
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...
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....
An updated prefeasibility study details plans for a financially robust mining operation at Seabridge Gold Inc.'s KSM project in British Columbia's Golden Triangle that will produce an average of more than 1 million ounces of gold, 3 million oz of silver, 178 million pounds of copper and 4.2 million lb of molybdenum annually for 33 years. Unlike a PFS completed in 2016, this new study does not include block cave mining of the deeper resource found at the world-class deposit....
While Golden Triangle is an apt and easily marketable moniker for northwest British Columbia's incredible mineral endowment, Tahltan Territory more accurately and thoroughly encapsulates the rich deposits of copper, gold, silver, nickel, platinum group elements, and other metals for which this region has gained international renown. Extending east from the Alaska border to the Cassiar Mountain range and north from the Nass and Skeena Rivers into the Yukon, the roughly...
Contributing 17,001 ounces of gold over the first 22 days after Newcrest Mining Ltd. acquired Brucejack Mine, this high-grade underground operation in British Columbia's prolific Golden Triangle is already bolstering the Australia-based company's bottom line. "In March 2022, we completed the Pretium acquisition, adding the world class Brucejack mine to our already exceptional asset portfolio, generating immediate gold production and cash flows this quarter," said Newcrest Mini... Full story
Seabridge Gold Inc. April 14 announced that Mitchell and East Mitchell, two of the five deposits on the company's KSM project in British Columbia's Golden Triangle, host a combined 72 million ounces of gold, 323 million oz of silver, 11.9 billion pounds of copper, and 171 million lb of molybdenum. Seabridge acquired East Mitchell, then known as Snowfield, from Pretium Resources Inc. toward the end of 2020. A drill program carried out last year confirmed that the neighboring...
Brucejack Mine in British Columbia's Golden Triangle is expected to push Newcrest Mining Ltd.'s annual gold production north of 2 million ounces per year, and that does not include the likely production boosts that will be created by an optimization and expansion program being launched at the newest addition to the Australian miner's portfolio. On March 9, Newcrest's roughly US$2.8 billion acquisition of Pretium Resources Inc. was finalized, a milestone that is expected to...
Seabridge Gold Inc. March 1 announced that its wholly-owned subsidiary, KSM Mining ULC, has signed an agreement with British Columbia Hydro and Power Authority to supply the world-class KSM copper-gold-silver project with hydroelectricity. Under this agreement, KSM will connect to BC Hydro's existing Northwest Transmission Line at a switching station located where KSM's Treaty Creek access road meets Highway 37. KSM Mining has already completed the design for a 30-kilometer...
Seabridge Gold Inc. Feb. 26 announced that it has secured US$225 million (C$285 million) to advance its world-class KSM copper-gold-silver project in British Columbia's Golden Triangle to the status of "substantially started." Sprott Resource Streaming and Royalty Corp. ("Sprott") and Ontario Teachers' Pension Plan have agreed to purchase a US$225 secured note from KSM Mining ULC, a Seabridge subsidiary, that these investors can exchange for a 60% gross silver royalty for the...
In a move that will help ensure that the First Nations people and communities in British Columbia's Golden Triangle benefit from the rising mining activity in their incredibly mineral-rich traditional territory, Tahltan Nation Development Corp. has secured the rights to sell Sandvik mining equipment, parts, tools, and digital solutions in northwestern British Columbia and neighboring Yukon. "Sandvik's global reputation for safety, quality, performance, customer service...
Seabridge Gold Inc. Feb. 1 reported that its 2021 drilling at KSM shows that its new 25.9-million-ounce Snowfield deposit is essentially a continuation of its 34.3-million-oz Mitchell deposit, which bodes well for incorporating Snowfield into a prefeasibility study that considers an even larger mine at KSM. A 2016 PFS detailed plans for a mine at KSM that would produce an average of 540,000 oz gold, 156 million lb copper, 2.2 million oz silver, and 1.2 million lb molybdenum...
In a bid to add the Brucejack Mine to its operations in British Columbia's Golden Triangle, Newcrest Mining Ltd. has entered into an agreement to pay roughly C$3.5 billion (US$2.8 billion) to acquire Pretium Resources Inc. "We are delighted to be expanding our presence in this highly prospective region in British Columbia," said Newcrest Mining Managing Director Sandeep Biswas. "Brucejack is a tier one mine in a tier one jurisdiction and will deliver immediate production,... Full story
After adding 25.9 million ounces of gold to its already world-class KSM project in British Columbia's Golden Triangle at the close of 2020, Seabridge Gold Inc. focused most of its 2021 exploration on bringing this new resource into the mine plan and discovering another KSM-like deposit on the nearby Iskut property. The massive expansion of resources is the result of an agreement to acquire the Snowfield property on the east border of the KSM property from Pretium Resources... Full story
Pretium Resources Inc.'s 2021 resource expansion and exploration drill program at Brucejack cut spectacular gold and silver grades, even for this Northern British Columbia project world-renowned for its bonanza-grade gold. So spectacular, in fact, that Newcrest Mining Ltd. paid roughly US$2.8 billion to acquire Pretium and its high-grade gold mine in BC's Golden Triangle. Going into 2021, the Valley of the Kings deposit at Brucejack hosted 11.5 million metric tons of proven... Full story
Despite a season challenged by heavy rains and an early snowstorm, the massive amount of exploration carried out in Northern British Columbia during 2021 piled loads of drill core and surface samples on assay labs already severely backlogged by COVID-19 protocols and restrictions that slowed the flow of samples in and data out of these facilities. Just how busy was the 2021 exploration season across the northern half of BC? According to North of 60 Mining News calculations,... Full story
