North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Kensington positioned for reserve growth

Coeur makes record investments in exploration during 2020 North of 60 Mining News – February 19, 2021

 

Last updated 2/25/2021 at 3:12pm

Coeur Mining Kensington Mitchell Krebs Alaska 2020 drill program assays reserves

Coeur Mining Inc.

Coeur invested roughly US$10.2 million on 47,575 meters of resource expansion, upgrade, and exploration drilling at its Kensington gold mine during 2020.

Coeur Mining Inc. Feb. 17 reported that the 47,575 meters of drilling completed in 173 holes at Kensington during 2020 nearly replaced the 124,867 ounces of gold produced and has positioned the Southeast Alaska operation for future reserve growth.

Going into 2021, Kensington had 1.68 million tons of proven and probable reserves averaging 0.197 oz/t (331,000 oz) gold; down slightly from the 1.68...



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