Mining News: News Nuggets: Higher grades eyed at Kensington

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 0.185 oz/ton (382,000 ounces) gold; and 1.62 million tons of inferred resources averaging 0.351 oz/t (570,000 ozs) gold. The highest grades are found at Jualin where the company reports 289,000 tons of inferred resource averaging 0.619 oz/t (179,000 ozs) gold. Coeur President and CEO Mitchell Krebs said the company plans to release a new mine plan for Kensington that reflects higher grade and higher margin production over an extended life at the Southeast Alaska mine. Across all of its properties, Coeur Mining’s year-end proven and probable mineral reserves totaled roughly 390.7 million silver-equivalent ounces, an increase of 6.2 million silver-equivalent ounces or 2 percent compared to year-end 2013.

- Shane Lasley