Manh Choh’s First Pour
Gold production has commenced at Manh Choh, Alaska’s newest major mine. Review the history of the Kinross-Contango ORE joint venture and the impact the project is having on the Interior.
Tag: Gold
Contango ORE Acquiring More Alaska Gold Prospects
Avidian Gold is selling its Alaska subsidiary to Contango ORE, the company involved in developing the Manh Choh mine. The $2.4 million deal covers two Interior prospects.
Investing in Gold & Silver
The everlasting luster that made the metals precious throughout history is also appealing to present-day traders looking for a solid form of wealth.
Coeur Mining Announces Positive Exploration Results at Kensington
Coeur Mining expects to invest approximately 60 percent of its total 2023 exploration investment of $40 to $50 million in Kensington underground gold mine in Alaska and the Silvertip polymetallic exploration project in British Columbia.
Operations Commence at Manh Choh Gold Mine
Operations have started at the Manh Choh gold mine near Tok, but the production phase is a year away, pending modifications to the mill at the Fort Knox mine near Fairbanks.
Contango Ore Lining Up Financing for Manh Choh Gold Mine
The developer of the Manh Choh gold mine near Tok is moving ahead with financing, selecting ING CAPITAL and Macquarie to arrange a $70 million loan for this year’s pre-production construction.
State Grants $300K to UAF to Train Manh Choh Miners
The Alaska Department of Labor and Workforce Development is providing a $300,000 grant to UAF for training workers from the Tok area for the Manh Choh gold mine.
‘Remarkable Groove’ Slides Gold into Alaska
Over millions of years, the Tintina Fault has moved gold-bearing rocks from Canada into Interior Alaska. The Yukon River, as it enters Alaska, somewhat follows the trace of the Tintina Fault.
Hecla Reports 22 Percent Higher Silver, 4 Percent Higher Gold Production, Lower Debt, Growing Cash Balances
At the Greens Creek mine in 2019, 9.9 million ounces of silver and 56,624 ounces of gold were produced. For the fourth quarter, 2.7 million ounces of silver and 15,356 ounces of gold were produced. Silver production for 2019 was the highest it has been since Hecla acquired 100 percent ownership of the mine in 2008.
The Outback in the Interior
Now two-thirds of the way through an eighteen-month transition plan focused on modernization and increased production, Northern Star Resources CEO Stuart Tonkin says that the Pogo investment has exceeded expectations.