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.
Tag: Gold
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.
Interior Gold Mine Wins DNR Reclamation Award at Miners’ Convention
Alaska Department of Natural Resources awarded its 2019 Excellent Mine Reclamation Award to Ajax Mining Alaska Inc., a Fortymile mining district placer gold operation, in recognition of its successful continuous reclamation practices.
Millrock Enters Binding Letter Agreement Concerning Dragonslayer Copper-Gold Project
Millrock Resources signed a binding letter agreement whereby First Quantum Minerals Limited has been granted the exclusive right to enter an option agreement on Millrock’s Dragonslayer porphyry copper-gold project in eastern Alaska.
Out of the Mine and into the Smelter
Mineral exports accounted for 36 percent of Alaska’s export total in 2017, and all signs point to mined commodities staying one of the state’s leading exports for years to come.
Millrock Stakes Additional Claims in Goodpaster Mining District
Millrock Resources has staked two more blocks of claims in the Goodpaster Mining District. These claims are in addition to a large block of claims staked by the company, announced late last month.
Donlin Gold Continues to Advance
NOVAGOLD recently released its 2019 first quarter finacial results, which included an update on Donlin Gold.