The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 119
Pretium Resources Inc. July 9 reported that it produced 92,461 ounces of gold during the third quarter, about 17 percent less than the 111,340 oz produced during the previous three-month period. The Brucejack mill processed 240,122 averaging 12.4 grams per metric ton gold during the third quarter. While the amount of ore processed was up slightly from the 236,990 metric tons during the second quarter, the grade was substantially lower than the 14.9 g/t gold during the April...
Pretium Resources Inc. July 9 reported that its Brucejack Mine produced 111,340 ounces of gold during the second quarter, a quarterly record that puts the northwest British Columbia on pace to produce around 400,000 oz of gold this year. "With more than 187,000 oz produced in the first half of 2018, we have delivered on our first half 2018 guidance of 150,000 to 200,000 oz of gold," said Pretium President and CEO Joseph Ovsenek. Pretium achieved commercial production at...
Aben Resources Ltd. July 5 announced that an initial 5,000-meter drill program is well underway at the company's 23,000-hectare Forrest Kerr gold project in British Columbia's Golden Triangle. The initial focus of this planned 18-hole drill program is to expand the high-grade precious metal mineralization discovered in 2017 at the Boundary North zone, located near the center of the roughly 50-kilometer (30 miles) long Forrest Kerr property. Three holes, collared from the same...
Pretium Resources Inc. June 18 reported that two long holes drilled from the underground workings at it Brucejack Mine confirm the presence of Brucejack-style mineralization starting from the eastern edge of the Valley of the Kings, the high-grade gold deposit currently being mined, to beneath Flow Dome, a gold zone about 1,000 meters east. Surface drilling encountered bonanza grade gold at Flow Dome in 2015. Highlights from that program include 2.05 meters of 2,100 grams...
Aben Resources Ltd. May 23 said it plans to undertake a 5,000-meter drill program this year at its Forrest Kerr gold property located in northwestern British Columbia`s Golden Triangle region. Slated to start mid-June, this drilling will initially focus on the expansion of high-grade precious metal mineralization discovered at the Boundary North zone last summer. One such hole, FK17-04, cut 10 meters of 6.7 grams per metric ton gold, 6.4 g/t silver and 0.9 percent copper. The...
Pretium Resources Inc. April 11 reported that its Brucejack Mine in northwestern British Columbia produced 75,689 ounces of gold during the first quarter of 2018, a nearly 7 percent increase over the 70,281 oz produced during the previous quarter. Roughly 43 percent of the quarterly Brucejack gold was produced during March "Gold production improved steadily through the first quarter, with 32,910 ounces produced in March. This result is attributed to the successful...
Pretium Resources Inc. Feb. 26 said it is ramping up underground development and exploration at Brucejack, a high-grade gold mine in British Columbia's Golden Triangle. The company reached commercial production at Brucejack in mid-2017 and the operation produced 152,484 ounces of gold during the first six months of operation. This roughly 305,000-oz-per-year pace is despite the fact that lower grade was fed into the mill early on. While the mill has outperformed its...
High-grade underground gold mines have a lot of moving parts and ramping a new one up to commercial production is a period often interrupted by downtime as the operator finds things not working quite as well as planned. This has not been the case at Pretium Resources Inc.'s bonanza grade Brucejack gold mine in northwestern British Columbia. Achieving commercial production on July 1, the Brucejack Mine produced of 152,484 ounces of gold during the first six months of...
Pretium Resources Inc. Dec. 21 announced plans to increase the production at its Brucejack gold mine in northwestern British Columbia by roughly 40 percent. The company has submitted an application to BC regulatory agencies to increase the mine's production rate to 3,800 metric tons per day. The mill at Brucejack has a nameplate capacity of 2,700 metric tons per day. However, it has outperformed that capacity since the mine reached commercial production in July. During the...
In 1918, the Premier gold mine opened a few miles north of Stewart, a mining town that is the southern gateway to British Columbia's famed Golden Triangle. Over the ensuing 34 years, this underground operation churned out some 2 million ounces of gold and 45 million oz of silver, making it the largest gold producer in North America during that era. A century later, Premier continues to be in play and modern exploration is unveiling the vast mineral potential that northern... Full story
Pretium Resources Inc. Oct. 11 reported that its Brucejack Mine in northwestern British Columbia produced 82,203 ounces of gold during the third quarter. At the onset of the quarter, the feed for the newly commissioned mill was predominately from low-grade stockpiles and development muck, resulting in 16,882 oz of gold produced during July. As the ramp-up progressed, the mill began processing stope ore exclusively, resulting in 65,321 oz of gold produced in the last two...
When judging the health of global mineral exploration, British Columbia seems to be the perfect model. In 2015, roughly C$272 million was invested in discovering and delineating mineral deposits in B.C., down some C$66 million from 2014. This 19.5 percent drop is in lockstep with the decline in global mineral exploration budgets for the same period, according SNL Metals & Mining's World Exploration Trends report. Likewise, B.C. exploration decreased about 60 percent from the...
As a project generator, Millrock Resources Inc. is leveraging the notoriously cyclical mining markets to its advantage by acquiring promising mineral properties at rock bottom prices when the bears reign and ready them for robust exploration when the bulls run. "This is the exact time Millrock has been waiting for all along," Millrock President and CEO Gregory Beischer told Mining News. "We have stuck rigorously to our model, and here we are now taking advantage of the tremendous opportunities that are in front of us." Among...
Pretium Resources Inc. March 31 reported that the transmission line to its Brucejack Mine is energized, a major milestone for this new high-grade gold operation in northwestern British Columbia. Commissioning in now underway and first ore expected to be introduced to the mill in mid-April. Construction of underground infrastructure at Brucejack - including the crusher, conveyor, and transfer towers - is nearing completion and the electrical substation has been energized. The installation of the SAG and ball mills is slated...
Pretium Resources Inc. Dec. 15 reported that the proven and probable reserves at the Valley of the Kings deposit of its Brucejack gold mine project in northwestern British Columbia has increased to 15.6 million metric tons of ore grading 16.1 grams per metric ton (8.1 million ounces) gold. This includes 3.3 million metric tons of proven reserves averaging 14.5 g/t (1.6 million oz) gold, enough ore for the first three years of production at this developing underground gold mine. With construction and development on schedule,...
With world-class mineral deposits, paved roads and commercial power, northern British Columbia is considered by many as a great place to achieve a mining explorer's ultimate goal – find a mine. "The geology has been great up there for 100 million years, but it has only been the last five that we have had run-of-river (hydro-electric) projects, dams – literally billions of dollars of new infrastructure," said Colorado Resources Ltd. President and CEO Adam Travis. The start of... Full story
GT Gold Corp. is a new junior exploration company that is expanding an exciting high-grade gold discovery at its Tatogga property in British Columbia's Golden Triangle. Lying alongside Highway 37, just west of the village of Iskut, Tatogga hosts Saddle, a large gold-in-soil anomaly that was previously overlooked due to a lack of outcropping bedrock. As a private company, GT Gold discovered and sampled Saddle in 2013. Because of the downturn in the mining sector, however,...
Pretium Resources Inc. reached commercial production at its bonanza grade Brucejack gold mine on July 3, making it the newest operator in British Columbia's Golden Triangle. The ramp up to commercial operations went smoothly for the new miner. During commissioning in June and grade ramp-up in July a total of 25,392 ounces of gold were produced from low-grade stockpiles and development muck; plus ore introduced to the mill in July. The process plant averaged 2,699 metric tons...
With C$2.5 million in the bank and roughly two dozen mineral exploration projects it has generated in Alaska, British Columbia, New Mexico and Mexico, Millrock Resources Inc. is prepared for a stellar 2017 as metals prices rise and a bullish sentiment returns to mining markets. "While we will not under-estimate the work ahead, we continue to carry forward into 2017 with a spirit of optimism," Millrock President and CEO Greg Beischer said. "The cycle seems to have changed, and...
Pretium Resources Inc. March 9 reported that construction at its high-grade Brucejack gold mine in northern British Columbia is ahead of schedule. The company said it plans to begin dry commissioning of the mill this month and wet commissioning is expected in early April, well ahead of the mid-2017 commissioning plan. In preparation for startup, Pretium has stockpiled more than 144,000 metric tons of high-grade ore from the underground gold mine. The company is reporting smooth progress on the finalization of construction at... Full story
Pretium Resources Inc. June 20 announced the first gold at its Brucejack Mine in northwestern British Columbia. The Valley of the Kings deposit at Brucejack hosts 15.6 million metric tons of proven and probable reserves grading 16.1 grams per metric ton (8.1 million ounces) gold. This includes 3.3 million metric tons of proven reserves averaging 14.5 g/t (1.6 million oz) gold, enough ore for the first three years of production. Pretium has steadily reached construction milestones over the past several months, including the...
Pretium Resources Inc. July 3 announced that commercial production has been reached at its Brucejack gold mine in northwestern British Columbia. During June, the plant at Brucejack processed 70,805 metric tons of ore, for an average of 2,360 metric tons per day. This is about 87.4 percent of the plant's monthly nameplate capacity. Pretium is considering July 1 as the first official day of commercial production as it meets the definition under a credit agreement with the...
Pretium Resources Inc. Aug. 10 reported a smooth ramp up of operations at it Brucejack gold mine in northwestern British Columbia. During commissioning in June and grade ramp-up in July a total of 25,392 ounces of gold were produced from low-grade stockpiles, development muck; plus ore introduced to the mill in July. Construction and mechanical commissioning at the mine is substantially finished, and the demobilization of construction and contract crews is nearly complete. The...
Pretium Resources Inc. Nov. 10 reported that it produced 82,203 ounces of gold and 83,233 oz of silver at its Brucejack Mine during the third quarter. Commercial production at this northwestern British Columbia operation began on July 1 and during the first month of operation the mill feed was predominantly from low-grade stockpiles and development muck. As the mine ramp-up progressed, more stope ore was fed directly to the mill which improved production results. The mill processed 261,262 metric tons of this material during...
Pretium Resources Inc. Feb. 3 reported that construction at its Brucejack gold mine is ahead of schedule and commissioning of the mill is slated to begin in March, ahead of the mid-2017 start originally planned. In preparation for commissioning, the company has stockpiled more than 110,000 metric tons of ore from the high-grade underground gold mine. The total cost to complete construction of the Brucejack Mine, including contingencies, is now expected to be US$811.1 million,... Full story
