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

By Shane Lasley
Mining News 

Peak Gold JV slows plans at Manh Choh

Lowers 2022 budget due to inflation, contractor constraints North of 60 Mining News - February 21, 2022

 

Last updated 3/4/2022 at 3:35am

Manh Choh Fort Knox Kinross joint venture inflation Contango ORE Peak Gold JV

Contango ORE Inc.

An aerial view of the Manh Choh gold mine project on 675,000 acres of land leased from the Alaska Native Village of Tetlin.

With inflation pushing costs higher and billions of dollars of COVID relief and infrastructure spending flowing into Alaska from Washington D.C., creating a competitive market for construction contractors, the Peak Gold Joint Venture has decided to cut back on the preliminary development that was originally planned for its Manh Choh gold mine project near the communities of Tetlin and Tok in ea...



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