The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Toward its strategy to develop the full potential of existing gold mining operations and a key pipeline project, Agnico Eagle Mines Ltd. invested more than US$100 million on exploring this politically attractive and stable jurisdiction in Canada's Far North during 2023. This robust 2023 exploration began with a US$79.6 million budget for its three primary assets in Nunavut – Hope Bay, Meliadine, and Meadowbank – but given the early success, the company added US$21.5 million to...
It is hard to decide what to get more excited about at American West Metals Ltd.'s Storm Copper project in Nunavut – the abundance of near surface high-grade copper mineralization with the potential to be upgraded to a direct shipping ore, or the much larger yet still high-grade sediment-hosted copper orebody being unveiled under the zones being outlined on the surface. Together, these zones on the Storm Copper project on Somerset Island in Canada's Arctic offer a potential s...
Continuing a project-wide exploration program begun in 2022, Blue Star Gold Corp.'s geological team focused its 2023 exploration on elevating earlier staged prospects across the company's Ulu, Hood River, and Roma properties, which cover a more than 45-kilometer (28 miles) stretch of the High Lake Greenstone Belt in Nunavut to drill-ready status. According to a 2015 calculation, the Flood and Gnu zones on the Ulu property host 2.5 million metric tons of measured and indicated...
Reading the tea leaves years ahead of many other investors, one junior is bringing its late-stage base and platinum group metals project in central Nunavut to the forefront of mineral exploration in northern Canada. Focusing on metals critical for clean-energy, electric vehicles, batteries, and high-tech industries, Canadian North Resources Inc. has quietly advanced the Ferguson Lake project for the past decade. The project covers nearly 254 square kilometers (98 square... Full story
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
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...
