News / Nunavut
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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 3/6/2024
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
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
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
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
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 gold... — Updated 10/4/2023
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
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
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
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 gold... — Updated 2/13/2023
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
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
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
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
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
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
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
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 – M... — Updated 12/9/2021
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
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
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
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
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
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
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