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Mining News: Betting on Alaska  03/01/2015
American billionaires John Paulson, Seth Klarman and Thomas Kaplan have taken a keen interest in Alaska’s next generation of gold and copper mines. While it is natural for hedge fund managers such as Paulson and Klarman, and resource investors such as Kaplan, to hold mining stocks in their portfoli...

Mining News: News Nuggets: Higher grades eyed at Kensington  03/01/2015
Coeur Mining Inc. Feb. 18 reported that at the end of 2014 its Kensington Mine had 3.4 million tons of proven and probable reserves averaging 0.185 ounces per short ton (629,000 ozs) gold. Additionally, the Southeast Alaska mine had 1.57 million tons of measured and indicated resources averaging 0.1...

Mining News: News Nuggets: Graphite Creek continuity endures  03/01/2015
Graphite One Resources Inc. Feb. 17 reported that the final 10 holes of its 2014 drill program continue to encounter significant widths of near surface graphite mineralization along 700 meters of strike at its Graphite Creek property near Nome, Alaska. Highlights include: 42.81 meters of 6.27 percen...

Mining News: News Nuggets: Constantine avoids equity financing  03/01/2015
Constantine Metal Resources Ltd. Feb. 23 said it ended its fiscal year (Oct. 31) with C$587,481 in cash and working capital of C$470,841, compared with cash of C$181,557 and working capital of C$213,079 at the end of 2013. This increase is a result of the company generating more than C$663,000 from...

Mining News: News Nuggets: USGS maps critical Alaska minerals  03/01/2015
The U.S. Geological Survey Feb. 23 released new maps highlighting areas with potential for placer gold and five critical mineral deposit types in the U.S. Bureau of Land Management’s Central Yukon Planning Area of central and northern Alaska. The maps were created using a geographic information syst...

Mining News: Northern Neighbors: Dominion mines 5.7M carats in 2014  03/01/2015
Dominion Diamond Corp. Feb. 23 reported annual production results for the Ekati and Diavik diamond mines in Northwest Territories. For the year ending Jan. 31, the company’s Ekati mine produced 3.16 million carats of diamonds from 4.13 million metric tons of ore averaging 0.76 carats per metric ton,...

Mining News: Northern Neighbors: Capstone questions Minto economics  03/01/2015
Capstone Mining Corp. Feb. 17 reported that its Minto Mine in Yukon Territory produced 18,411 metric tons of copper in concentrates during 2014 at a C1 cash cost of US$2.33 per pound of payable copper. Surface mining at Minto was suspended at the end of the third quarter 2014 due to delays in receip...

Mining News: Northern Neighbors: Red Chris produces first copper  03/01/2015
Imperial Metals Corp. Feb. 17 reported commissioning of the mill at the Red Chris copper-gold mine in northwestern British Columbia is progressing well. Both the SAG and ball mill drive systems have been operated at 100 percent load factors. The flotation circuits and secondary regrind mill are now...

Mining News: Northern Neighbors: New Polaris draws C$10M infusion  03/01/2015
Canarc Resource Corp. Feb. 25 reported that a wholly owned subsidiary of Australia-based PanTerra Gold Ltd. has the option to earn 50 percent interest in Canarc’s New Polaris gold mine by investing C$10 million in the Northwest Canada project over the next 2.5 years. Aimed at advancing New Polaris t...

Mining News: AIDEA makes its case for Ambler Road  03/01/2015
The Alaska Industrial Development and Export Authority is asking state lawmakers whether it should move ahead with the Ambler Mining District Industrial Access Road, a proposed 200-mile transportation corridor that would link the Ambler Mining District in Northwest Alaska, with the Dalton Highway to...

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