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(114) stories found containing 'sabina gold'


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  • A snowcat with plow for grooming the winter road to the Goose gold mine.

    Goose gold mine costs now at $1 billion

    Shane Lasley, Mining News|Updated May 8, 2024

    Underestimated costs in feasibility, inflation push development costs higher; mine remains on pace to pour first gold during Q1 2025. With construction ahead of schedule, B2Gold Corp. says its Back River gold project in Nunavut remains on track to pour its first gold early in 2025. Costs, however, are tracking approximately 30% higher than was estimated, which is expected to push the final price tag for mine development north of C$1 billion (US$750 million). Last April,... Full story

  • Aerial view of the world-class Mary River iron deposit in Nunavut.

    Tenacious exploration delivers for Nunavut

    Rose Ragsdale, For Data Mine North|Updated Jan 17, 2024

    As 2023 raced toward its final weeks, mining explorers working in Canada's northernmost territory wrapped up ambitious campaigns to identify new deposits of various lucrative minerals, ranging from cobalt to copper and gold to uranium. Both mineral production and exploration spending in Nunavut decreased in 2022 compared with the previous year's totals, and another drop is expected for 2023. Natural Resources Canada earlier projected a 28% decrease in planned spending for... Full story

  • Band of green aurora behind a drill testing for gold at night at Goose.

    B2Gold explores Back River gold potential

    Updated Jan 17, 2024

    Upon gaining ownership of the Back River gold project in Nunavut through the roughly C$1.1 billion (US$820 million) buyout of Sabina Gold & Silver Corp., B2Gold Corp. established itself as the next largest gold producer in Canada's North. With the acquisition of Sabina, B2Gold has gained a derisked mine project on track to pour its first gold early in 2025, as well as a district-scale land package with enormous potential to support decades of production in Nunavut. "We are...

  • 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

  • Map showing the Back River gold claim blocks and marine laydown area.

    B2Gold exploration shows Back River upside

    Shane Lasley, Mining News|Updated Dec 1, 2023

    Drilling taps high-grade gold within, beyond resource bounds at Goose; exploration holes at George affirm growth potential. B2Gold Corp. Nov. 22 provided an update on an expansive exploration program at its newly acquired Back River gold project in Nunavut focused on high-grade gold zones to support an optimized mine plan Goose, along with drilling to explore potential future mines across the district-scale project that includes five blocks of claims covering an 80-kilometer...

  • A barge delivers goods to Back River during the ice-free summer days in Nunavut.

    B2Gold delivers the goods at Back River

    Shane Lasley, Mining News|Updated Nov 17, 2023

    Summer shipping and construction success keep the Goose Mine on track for first gold pour in Q1 2025. With a successful summer construction and shipping season, B2Gold Corp. says its Back River gold project in Nunavut remains on pace to pour its first gold early in 2025. Upon the April completion of its acquisition of Sabina Gold & Silver Corp., which had already made significant progress on early development at Back River, B2Gold immediately invested the resources necessary...

  • Aerial view of the development progress at the Goose Mine site as of September.

    Goose gold mine development on track

    Shane Lasley, Mining News|Updated Oct 4, 2023

    Upon the April completion of its buyout of Sabina Gold & Silver Corp., B2Gold Corp. hit the ground running at its new Back River gold property in Nunavut and remains on pace to pour its first gold there early in 2025. The most advanced project on the district-scale Back River property is Goose, a mine development project that is slated to produce 3.34 million oz of gold over 15 years of mining 18.7 million metric tons of proven and probable reserves averaging 5.97 grams per...

  • Helicopter perched atop the ridge of a mountain range.

    Onyx Gold junior joins Canadian exploration

    A.J. Roan, Mining News|Updated Jul 27, 2023

    Onyx Gold Corp. July 24 announced the introduction of the company's executive team and exploration plans for its properties within the highly prospective and overlapping Tintina and Tombstone gold belts in Yukon's Selwyn Basin, and within Ontario's portion of the Abitibi greenstone belt, Canada's most prolific gold region. Early this year, HighGold Mining Inc. spun out its (ON)tario (Y)ukon e(X)ploration properties into Onyx Gold and transferred all its outstanding shares...

  • Optimum Ventures crew building future drill pad at Harry project.

    New CEO to lead the Blackwolf pack

    A.J. Roan, Mining News|Updated Jun 29, 2023

    As it enters into an accelerated period of growth, Blackwolf Copper and Gold Ltd. has made an offer to buy out Northern British Columbia-focused gold and silver exploration company Optimum Ventures Ltd. and is shifting around some management positions to better facilitate the surplus of properties it has accumulated in recent years. Initially exploring its flagship historic Niblack copper-gold-silver-zinc project located on the southern end of Prince of Wales Island in...

  • Northern lights above a rig drilling at night at a gold mine project in Nunavut.

    B2Gold completes C$1.1B Sabina buyout

    Shane Lasley, Mining News|Updated Apr 27, 2023

    B2Gold Corp. April 19 completed a C$1.1 billion (US$820 million) acquisition of Sabina Gold & Silver Corp. and that company's Back River gold project in Nunavut. The district-scale Back River project includes five claim blocks along an 80-kilometer (50 miles) belt in the Kitikmeot region of western Nunavut. The most advanced project at Back River is Goose, a fully permitted, construction-ready mine project that is slated to produce 3.34 million oz of gold over 15 years of...

  • Pin in a map north of Great Slave Lake in Canada’s Northwest Territories.

    Yellowknife emerging as EV metals hub

    Shane Lasley, Mining News|Updated Apr 10, 2023

    The Northwest Territories capital city of Yellowknife is emerging as a northern link in North America's electric vehicle supply chain. Already home to Canada's only rare earths mine, a 160-kilometers (100 miles) area around this northern mining town happens to be enriched with the lithium and cobalt that is in massive demand for EV batteries, along with numerous other minerals critical to both Canada and the United States. A roughly 9,600-square-kilometer (3,700 square miles)... Full story

  • A green helicopter landed in front of orange-stained mountains at Rogue.

    Snowline closes $19.2M deal with B2Gold

    Shane Lasley, Mining News|Updated Mar 30, 2023

    Snowline Gold Corp. March 28 announced the closing of C$19.16 million (US$14.1 million) financing that involved B2Gold Corp. buying a 5% interest in the Yukon-focused gold explorer through the purchase of 3.94 million flow-through shares at C$4.86 per share. "B2Gold is a major global gold producer with a strong track record of growth built on a demonstrated commitment to communities, sustainable mining and employee safety," Snowline Gold CEO Scott Berdahl said earlier this...

  • Snowline Gold's camp located at the Rogue property in Yukon, Canada.

    B2Gold to invest C$19M in Snowline Gold

    A.J. Roan, Mining News|Updated Mar 29, 2023

    Snowline Gold Corp. March 14 announced that B2Gold Corp. is making a strategic investment of just over C$19 million in the Yukon-focused exploration company by purchasing nearly four million Snowline shares. "We are excited to welcome B2Gold as a growth-focused, long-term, value-driven investor," said Snowline Gold CEO Scott Berdahl. "B2Gold is a major global gold producer with a strong track record of growth built on a demonstrated commitment to communities, sustainable...

  • 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...

  • Map showing Bathurst Inlet in Nunavut, Canada.

    North Arrow adds lithium project to ranks

    A.J. Roan, Mining News|Updated Mar 11, 2023

    North Arrow Minerals Inc. Feb. 27 announced it has acquired the option to purchase the Bathurst Inlet lithium property in Nunavut, shifting its diamond expertise into the highly demanded battery mineral sector. With the southernmost mineral claim lying roughly 12 kilometers (7.5 miles) from Sabina Gold and Silver's port facility servicing the Back River gold mine project, North Arrow's new lithium property covers a series of mapped and interpreted pegmatite intrusives...

  • A large plane lands during the winter at a gold exploration camp in Nunavut.

    B2Gold makes C$1.1B offer for Sabina

    Shane Lasley, Mining News|Updated Mar 2, 2023

    Looking to add a high-quality, development-stage gold mine project in Canada to its portfolio, B2Gold Corp. has made a roughly C$1.1 billion (US$820 million) offer to buy out Sabina Gold & Silver Corp., owner of the Back River gold project in Nunavut. Back River is a district-scale project that includes five claim blocks along an 80-kilometer (50 miles) belt in the Kitikmeot region of western Nunavut. In September, Sabina's board officially approved the development of a...

  • Sandvik equipment advances underground development at Goose gold mine.

    Sabina greenlights Goose gold mine

    Shane Lasley, Mining News|Updated Feb 13, 2023

    Board okays 3.3M oz Nunavut mine, first gold pour slated for 2025 It's official, Sabina Gold & Silver Corp. is moving forward with the development of the Goose Mine on the company's Back River gold project in Nunavut, Canada. "This is a milestone decision for the company," said Sabina Gold President and CEO Bruce McLeod. A feasibility study that was updated in 2021 envisions a mine at the Goose deposit that will produce 3.34 million ounces of gold over an initial 15 years of...

  • Aerial view of the George exploration camp on the Back River gold project.

    New mine, exploration strategy for Sabina

    Shane Lasley|Updated Jan 18, 2023

    Following three generations of exploration spanning four decades, Sabina Gold & Silver Corp. is moving forward with the development of the Goose gold mine on its Back River project in Nunavut, Canada. "This is a milestone decision for the company," Sabina Gold President and CEO Bruce McLeod said in September. A feasibility study that was updated in 2021 envisions a mine at the Goose deposit that will average roughly 223,000 oz per year. Over the entire 15 years of mining...

  • A ribbon of green aurora arcs above Meliadine Mine building lit up at night.

    Gold, copper lead Nunavut exploration

    Rose Ragsdale, For Mining Explorers|Updated Jan 17, 2023

    While a small group of dedicated explorers returned in 2022 to advance production and development projects in Nunavut, a growing number of newcomers fanned out across the northern territory in search of a variety of minerals. Some came seeking gold deposits like those being explored and mined by Agnico Eagle Mines Ltd., while others chased historical occurrences of newly designated critical metals, especially copper and certain base metals, now in high demand for... Full story

  • Goose deposit Back River mine Nunavut Canada Sabina Gold & Silver drilling map

    Sabina drilling seeks more gold at Goose

    Shane Lasley, Mining News|Updated Mar 24, 2022

    Sabina Gold & Silver Corp. March 15 reported the start of a surface drill program focused on testing the interface of the planned open pit and down-plunge extension of the Umwelt deposit at the Goose property on the company's Back River gold mine project in Nunavut, Canada. Umwelt is one of five primary deposits at Goose that host 33.45 million metric tons of measured and indicated resources averaging 5.88 grams per metric ton (6.32 million ounces) gold and 13.79 million...

  • Nunavut Canada Sabina Gold Silver Back River Orion Wheaton Goose Mine Zhaojin

    Sabina secures $520M for Goose gold mine

    Shane Lasley|Updated Feb 17, 2022

    Sabina Gold & Silver Corp. Feb. 8 announced it has finalized a US$520 million financing package to fund construction and development of the Goose Mine on the company's Back River gold project in Nunavut, Canada. "This is a major milestone for Sabina," said Sabina Gold President and CEO Bruce McLeod. A feasibility study that was updated in 2021 contemplates mining 18.7 million metric tons of ore from the Goose Mine averaging 6 g/t gold. At a recovery rate of 93.4%, this...

  • Nunavut Canada Mining Explorers 2021 magazine Data Mine North TMAC Resources

    Nunavut exploration heats up in 2021

    Rose Ragsdale, For Data Mine North|Updated Feb 10, 2022

    Mineral exploration activity in Nunavut intensified in 2021 as mining companies mounted larger and more extensive programs in response to stronger capital markets, government infrastructure initiatives, and the easing of restrictions imposed to curb effects of the ongoing Covid-19 pandemic. Spanning 2 million square kilometers (about 782,000 square miles), the territory has 25 communities and about 39,353 residents, of whom 84% are Inuit. Nunavut has no roads, and all but one... Full story

  • Sabina Gold & Silver Back River Umwelt Nunavut Canada Goose Nuvuyak projects

    Sabina heads underground at Back River

    Shane Lasley, Data Mine North|Updated Jan 26, 2022

    Sabina Gold & Silver Corp. kicked off 2021 with a significant expansion to the gold resources at its Back River mine project in Nunavut. According to a calculation published in February, Back River hosts 33.45 million metric tons of measured and indicated resources averaging 5.88 grams per metric ton (6.32 million oz) gold; and 13.79 million metric tons of inferred resource averaging 6.44 g/t (2.86 million oz) gold. An updated feasibility study based on this resource details... Full story

  • Sabina Gold & Silver Back River underground development Umwelt Nunavut Canada

    Back River goes underground, year-round

    Shane Lasley, Mining News|Updated Nov 4, 2021

    Sabina Gold & Silver Corp. Nov. 2 reported that underground development at the Umwelt gold deposit will allow for the first-ever year-round operations at its Back River gold project in Nunavut, Canada. According to a calculation completed earlier this year, Back River hosts 33.45 million metric tons of measured and indicated resources averaging 5.88 grams per metric ton (6.32 million oz) gold; and 13.79 million metric tons of inferred resource averaging 6.44 g/t (2.86 million...

  • Sabina Gold & Silver Nunavut Canada Agnico Eagle Mines Baffinland Iron COVID-19

    Mining activity heats up after slowdown

    Rose Ragsdale, For Mining News|Updated Sep 30, 2021

    Mineral exploration activity is heating up this summer in Nunavut after a yearlong hiatus sparked by restrictions and cautionary moves driven by the COVID-19 pandemic in early 2020. For the northern Canadian territory's two mine operators and a handful of advanced- and early-stage explorers, the outlook for 2021 programs is much brighter. In mid-June, the Government of Nunavut gave Agnico Eagle Mines Ltd. the green light to allow its workers living in the Kivalliq region of...

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