The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Trade groups are incensed; many Alaska Natives feel ignored; DC delegation and governor vow to fight what is seen as a "politically motivated" ruling. Politically motivated, Illegal, hypocritical, irresponsible, unacceptable, and disgusting; this is how Alaska business leaders, policymakers, and Natives are characterizing the Biden administration's denial of permits to build a road that would link the critical mineral-rich Ambler Mining District to North American markets. "To...
Ascot raises $96.6 million to ramp Northern BC gold-silver mine to steady production; workers achieve impressive safety milestone. With the price of gold holding steady above $2,000 per ounce, Ascot Resources Ltd. is wrapping up the development of its Premier Mine and expects to pour the first gold at this newest iteration of the historic Northern British Columbia operation in April. "With project construction nearing completion and early commissioning underway, we eagerly ant...
Zinc contributed most to state's mine production value during 2023; gold is poised to take the crown and make run toward 1 million ounces per year. At a value of $1.5 billion, zinc held onto its throne as the most valuable metal produced in Alaska during 2023. With production forecasts and price trends headed in opposite directions for zinc and gold, however, the gleaming precious metal that drew fortune-seekers North at the turn of the 20th century could soon regain the... Full story
Ascot expects to begin feeding first ore into mill over the next few days and pour first ounces of gold from the Northern BC mine by mid-April. Ascot Resources Ltd. March 26 reported that it remains on track for the first gold pour at Premier in April and will reach commercial production at the new iteration of this historic gold-silver mine sometime after midyear. Lying about 15 kilometers (nine miles) north of Stewart, B.C., Ascot's Premier project is home to a...
Discovering Alaska's hidden wealth, the journey of Indigenous explorers in the land of platinum, Goodnews Bay Mining District. In the heart of Alaska's wilderness, two Alaska Native men stamped their names in state history with the discovery of the largest platinum deposit ever found in the Last Frontier. Both born into Yup'ik heritage, the journey of Walter Smith and Henry Wuya begins with early prospecting as little more than teenagers, to the landmark 1926 discovery on the... Full story
HB122 would authorize AIDEA to issue up to $300 million in bonds and leverage federal funding for critical mineral infrastructure projects in Alaska. Home to 49 out of the 50 minerals deemed critical to the United States, Alaska has the potential to be a reliable domestic source of the mined materials vital to high-tech, clean energy, and national defense. America's Last Frontier, however, is often lacking when it comes to the infrastructure needed to fully unlock the state's... Full story
The newest mine in B.C.'s Golden Triangle remains on pace to pour its first gold later this month. Ascot Resources Ltd. April 5 began feeding ore into the mill at Premier, marking the official start of a new era of production at this historical gold-silver operation on Nisga'a Nation Treaty Lands at the southern tip of British Columbia's prolific Golden Triangle. Premier, which lies about 15 kilometers (nine miles) north of Stewart, B.C., is home to a past-producing gold mine...
Expects to reach commercial production by Q3. Ascot Resources Ltd. April 22 announced that it has poured the first bars of gold at its Premier gold mine project in British Columbia's Golden Triangle. "The first gold pour is a hallmark commissioning milestone for Ascot, representing the culmination of years of hard work," said Ascot Resources President and CEO Derek White. Lying about 15 kilometers (nine miles) north of Stewart, B.C., Ascot's Premier gold project is home to a...
Zinc production is expected to trend downward as ore grades decline over the coming four years. Teck Resources Ltd. Feb. 21 reported that its Red Dog Mine in Northwest Alaska produced 1.19 billion pounds of zinc in 2023 and forecasts similar output this year. Starting in 2025, however, zinc production from this operation, which accounts for more than 4% of the world's supply of this galvanizing metal, is expected to begin dwindling. The company attributes the coming decrease i...
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...
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
With all the pieces in place, Ascot Resources Ltd. made the final push toward its transformation from mineral exploration and development company to a Premier gold producer in Northern British Columbia. Lying about 15 kilometers (nine miles) north of Stewart, BC, Ascot's Premier gold project is home to a past-producing gold mine that last operated in the 1990s. With much of the major infrastructure from this historical operation in place – mill, crushing and grinding circuits,...
Ascot Resources Ltd. Jan. 3 reported that the 72 infill and exploration holes drilled from surface last year at Big Missouri confirmed and expanded the underground stopes at this first deposit to be mined at the company's Premier gold project in British Columbia's Golden Triangle. Lying about nine miles (15 kilometers) north of Stewart, BC, Ascot's Premier gold project is home to a past-producing gold mine that last operated in the 1990s. A feasibility study completed in 2020...
BEAVER CREEK, COLO. – The thin air at the 8,100-foot elevation of the 2023 Precious Metals Summit at Beaver Creek offers a perfect allegory for the markets faced by the gold and silver mineral exploration companies that summited the Rocky Mountains to connect with investors. Mineral explorers in good financial shape hardly noticed the relatively low concentrations of capital atop Beaver Creek Mountain, those in decent shape may be winded but are hopeful they have enough f... Full story
Ascot Resources Ltd. Nov. 3 reported a bonanza grade gold intercept at Big Missouri that is the highest-grade intercept ever drilled at this first deposit to be mined when operations resume at the company's Premier gold project in British Columbia's Golden Triangle. Lying about nine miles (15 kilometers) north of Stewart, BC, Ascot's Premier gold project is home to a past-producing gold mine that last operated in the 1990s. A feasibility study completed in 2020 detailed plans...
Teck Resources Ltd. Oct. 24 reported that equipment failures at Red Dog impacted third-quarter production at this world-class zinc mine in Northwest Alaska. Over the three months ending Sept. 30, Red Dog produced 124,600 metric tons (274.7 million pounds) of zinc, which is 21% lower than the 157,800 metric tons (347.9 million lb) produced during the same period of 2022. Teck attributes the drop in zinc output to a drop in the tonnage of ore fed into the mill due to equipment...
Ascot Resources Ltd. Oct. 19 reported that the latest batch of assays from 12 holes includes seven that cut greater than an ounce of gold per metric ton at the Prew Zone, which is the first area of the Premier deposit to be mined when a new era of operations begins at the Premier Mine in British Columbia's Golden Triangle. Lying about 15 kilometers (nine miles) north of Stewart, BC, Ascot's Premier gold project is home to a past-producing gold mine that last operated in the...
As the White House continues to dole out hundreds of billions of dollars to position America as the global leader in clean energy and digital technologies, Beijing initiates a strategy to put America in check with the global economy equivalent of pawns. These pawns in the technology chess match between the U.S. and China are gallium and germanium, a pair of semiconductor metals used to make the computer chips essential to every facet of modern life. Before all the major news o... Full story
From rare earths in Northern Maine to lithium in Southern California and graphite in Alaska, the U.S. Geological Survey is on a mission to discover minerals critical to the nation's economy and clean energy goals on American soil. Or, more accurately, under American soil. This nationwide endeavor is officially called the Earth Mapping Resources Initiative, but is better known as Earth MRI, a clever moniker that reflects the earth penetrating scans that are providing... Full story
Ascot Resources Ltd. Aug. 14 reported that its Premier gold mine in Northern British Columbia remains on track for first gold production in the first quarter of 2024. Lying next to the town of Stewart at the southern tip of BC's Golden Triangle, Premier is home to a past-producing gold mine that last operated in the 1990s. A feasibility study completed in 2020 envisions four underground mines – Big Missouri, Silver Coin, Premier, and Red Mountain – feeding ore to an upd...
Ascot Resources Ltd. Aug. 25 reported that drills have tapped high-grade gold outside the currently planned stopes at Prew Zone, which is the first area of the Premier deposit to be mined when a new era of operations begins at the Premier gold project near the town of Stewart at the south tip of British Columbia's Golden Triangle. A 2020 feasibility study envisions four underground mines feeding ore to an updated version of the Premier mill. At 2,500 metric tons per day, this...
Teck Resources Ltd. July 26 reported that power system issues at Red Dog impacted second-quarter production at this world-class zinc mine in Northwest Alaska. Over the three months ending June 30, Red Dog produced 133,700 metric tons (294.8 million pounds) of zinc, which is 7% lower than the 143,800 metric tons (317 million lb) produced during the same period of 2022. Teck attributes the drop in zinc output primarily to lower zinc grades, which were expected as part of the...
Coming together to recognize the potential Alaska can bring to the table for the global transition to renewable energy, the 2023 Alaska Sustainable Energy Conference invited leaders in government, academia, industry, and investment from across the globe to participate in discussions and to be educated on the challenges and opportunities that the Last Frontier State presents as it looks forward to the next century of energy. Alaskans often remark about their home being a state... Full story
Ascot Resources Ltd. May 11 announced plans for up to 14,000 meters of resource expansion and upgrade drilling during the 2023 season at its Premier gold mine project in Northern British Columbia. Situated near the mining town of Stewart at the southern tip of BC's Golden Triangle, Premier is home to a past-producing gold mine that last operated in the 1990s. A feasibility study completed in 2020 envisions four underground mines – Big Missouri, Silver Coin, Premier, and Red M...
ANCHORAGE, Alaska: Gathering together leaders, decision-makers, and experts toward the common goal of understanding the value of Alaska's mineral endowment and how to unlock it for America's net-zero emission goals, the U.S. Department of Energy's Office of Fossil Energy and Carbon Management hosted a two-day workshop bringing attention to carbon management and critical minerals and how the Last Frontier will be a keystone in achieving the country's lofty ambition. Held at...
