The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Pembridge buys copper mine for 0 down, US$20M in payments North of 60 Mining News – June 7, 2019
A truckload of copper concentrates from the Minto Mine is being barged across the Yukon River on its way to the Skagway Ore Terminal in Southeast Alaska. From there the concentrates will be loaded onto ships destined for smelters.
In a deal that is good for the buyer, seller and the Yukon, Capstone Mining Corp. has agreed to sell the Minto copper mine to United Kingdom-based Pembridge Resources PLC.
"The sale of the Minto mine is very good news all around. Capstone will no longer incur the expense of having the mine on care and maintenance, and the recommencement of operations will be positive for Minto employees, contracto...
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