News / Nunavut

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 By Shane Lasley    News
A rind of green malachite (copper carbonate) covers rocks collected at Storm.

Storm Copper resource tops expectations

American West Metals Ltd.'s 63-hole resource definition and exploration drill program at Storm Copper in 2023 has culminated in an inaugural resource estimate containing 452 million pounds of... — Updated 2/15/2024

 
 By Rose Ragsdale    News
A colorful sundog encircles the sun over a frozen plain in Canada’s North.

Proven hunter scents possible gold giant

As Nunavut officials hail the Canadian government's recent decision to grant devolution to the country's newest territory, one junior explorer is planning to undertake a summer exploration program... — Updated 2/1/2024 Full story

 
 By Shane Lasley    News
A snowcat with plow for grooming the winter road to the Goose gold mine.

Goose gold mine costs now at $1 billion

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... — Updated 1/25/2024 Full story

 
 By Shane Lasley    News
A barge delivers goods to Back River during the ice-free summer days in Nunavut.

B2Gold delivers the goods at Back River

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... — Updated 11/17/2023

 
 By Rose Ragsdale    News
Aerial view of the Meadowbank gold mine in Nunavut during the winter.

Strong economic forecast for Nunavut

Economists at the government of Nunavut are predicting major economic growth in Canada's northernmost territory next year, partly due to increased production and steady commodity prices in its... — Updated 10/19/2023

 
 By Shane Lasley    News
Aerial view of the development progress at the Goose Mine site as of September.

Goose gold mine development on track

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 go... — Updated 10/4/2023

 
 By Rose Ragsdale    News
A highly colorful multi-layer outcrop from Blue Star's Penthouse prospect.

Junior posts promising results for Ulu

Early this summer, Blue Star Gold Corp. launched an exploration program, hoping to identify favorable prospects and advance targets on its landholdings in western Nunavut to drill-ready status for... — Updated 9/14/2023

 
 By Rose Ragsdale    News
A ship loaded with iron ore mined at Mary River in Nunavut leaves Milne Inlet.

Revised plan for mining Mary River iron

Six months after the Canadian government rejected a plan to double approved output from the Mary River iron mine on Nunavut's Baffin Island, the mine's operator, Baffinland Iron Mines Corp., is... — Updated 6/22/2023

 
 By Rose Ragsdale    News
Aerial view of drill testing for uranium on tundra next to a fog covered lake.

Uranium explorers return to Far North

While lithium deposits are sparking fresh interest in Canada's northernmost territory, uranium is also spurring exploration companies to venture north this year to search for mineral riches in Nunav... — Updated 3/23/2023

 
 By Shane Lasley    News
Sandvik equipment advances underground development at Goose gold mine.

Sabina greenlights Goose gold mine

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... — Updated 2/13/2023

 
 By Shane Lasley    News
Four women from Nunavut in mining apparel with a large bar of gold.

Mint offers coin with only Nunavut gold

In response to an increasing number of precious metals investors wanting to know that the bullion they are buying is responsibly sourced, the Royal Canadian Mint has introduced its first gold... — Updated 10/27/2022

 
 By Rose Ragsdale    News
A driller operates an underground rig at the Meliadine gold mine in Nunavut.

Agnico steps up exploration in Nunavut

Adds $30 million to 2022 budgets at Nunavut gold mines, projects Agnico Eagle Mines Ltd., now firmly established as a gold producer in Nunavut, is adding another US$30 million to an already... — Updated 9/15/2022

 
 By Shane Lasley    News
Crews drill first 2022 hole at the high-grade Storm Copper project in Nunavut.

Aston Bay jumps on Storm Copper visuals

Aston Bay Holdings Ltd. shares rocketed 33% on Monday on the news of visual confirmation of strong copper mineralization encountered in the first two holes American West Metals Ltd. drilled this yea... — Updated 7/28/2022

 
 By Rose Ragsdale    News
Copper, green from oxidization, lying amongst rocks at the Storm project.

Storm ore could deliver simple payday

American West Metals Ltd., a junior led by two mining industry veterans from Australia, has returned to the Arctic this year for a second field season in pursuit of rich deposits at the Storm... — Updated 6/9/2022

 
 By Rose Ragsdale    News
North Arrow Minerals Nunavut Canada Naujaat diamond kimberlite mining yellow

Outlook glitters for Naujaat diamonds

With diamond prices climbing while global production is expected to remain flat through 2027, the outlook for diamond explorer North Arrow Minerals Inc. is shining bright. The company Feb. 22... — Updated 3/10/2022

 
 By Shane Lasley    News
Covid 19 omicron variant Nunavummiut miners Meliadine Hope Bay gold mines

Agnico sends Nunavummiut home – again

With the rise of the Omicron variant and the 13 presumptive COVID-19 cases at its Meliadine and Hope Bay gold mines in Nunavut, Agnico Eagle Mines Ltd. is sending its Nunavummiut (Nunavut... — Updated 1/6/2022

 
 By Rose Ragsdale    News
Angilak Lac 50 trend uranium exploration drill Nunavut Canada ValOre Metals

ValOre plans 2022 exploration at Angilak

In a move welcomed by investors, ValOre Metals Corp. plans to return to Nunavut to resume exploring its Angilak uranium project in 2022. A district-scale property covering a 59,483-hectare (146,982... — Updated 12/16/2021

 
 By Shane Lasley    News
Agnico Eagle Mines TMAC Resources Meliadine Hope Bay Nunavut Canada

Agnico investing $33M in exploring Nunavut

Looking to strengthen the gold mine platform it is building in Nunavut, Agnico Eagle Mines Ltd. is investing roughly US$33 million into exploring its three main assets in the Canadian territory ... — Updated 12/9/2021

 
 By Rose Ragsdale    News
Sabina Gold & Silver Nunavut Canada Agnico Eagle Mines Baffinland Iron COVID-19

Mining activity heats up after slowdown

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... — Updated 9/30/2021

 
 By Rose Ragsdale    News
Baffinland Iron Mines COVID-19 Mary River Canada Nunavut Inuit First Nation

Operator proposes iron mine expansion

As Nunavut regulators wrapped up a contentious final series of hearings in April on a proposed expansion of the Mary River iron ore mine on Baffin Island, the Canadian territory got hit with a new... — Updated 5/6/2021

 
 By Rose Ragsdale    News
Nunavut Canada Blue Star TMAC Resources Agnico Eagle Mines Sabina Gold

Mining in northern territory to rebound

Nunavut is one jurisdiction in Canada with a favorable economic outlook in the face of the COVID-19 pandemic, according to a recent economic analysis completed by the Conference Board of Canada.... — Updated 2/25/2021

 
 By Shane Lasley    News
TMAC Resources Inc. Shandong Gold Mining Co. Ltd. Agnico Eagle Mines Ltd.

Agnico Eagle cuts deal to acquire TMAC

In what could be the best outcome of Ottawa blocking Shandong Gold Mining's bid to acquire TMAC Resources Inc., Agnico Eagle Mines Ltd. has agreed to buy out its fellow Nunavut gold miner for... — Updated 1/14/2021

 
 By Shane Lasley    News
Jason Neal TMAC Resources Inc SD Gold Mining Hope Bay Mine Richard Fadden

TMAC weighs Hope Bay gold mine options

In a move that prevents a Chinese state-owned company from grabbing a foothold along the Northwest Passage in Canada's Arctic, officials in Ottawa have blocked Shandong Gold Mining Co. Ltd.'s bid... — Updated 1/7/2021

 
 By Shane Lasley    News
TMAC Resource Shandong SD Gold Mining Hope Bay gold mine Nunavut Canada

China's SD Gold cuts deal to buy Hope Bay

The Hope Bay gold mine will come under Chinese ownership with the finalization of a deal that would see Shandong Gold Mining Co. Ltd. buy full ownership of TMAC Resources Inc., the current owner... — Updated 9/26/2020

 
 By Shane Lasley    News
Back River gold exploration in Nunavut delayed due to COVID 19

Back River exploration put on back burner

Sabina Gold & Silver Corp. has deferred it planned drill program at the Back River gold project in Nunavut and has established work-from-home protocols for employees at its corporate office in... — Updated 9/26/2020 Full story

 

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