Gold mining in Alaska

New Gold Reports First Quarter Operational Results and Withdraws Annual Guidance

Retrieved on: 
Wednesday, April 15, 2020
Natural Resources, Other Natural Resources, Mining, Minerals, Physical sciences, Chemistry, Copper, Atoms, Copper mining in the United States, Gold mining in Alaska

ounces for the quarter (16,409 ounces of gold, and 18.5 million pounds of copper), gold production is above plan, while copper production is below plan.

Key Points: 
  • ounces for the quarter (16,409 ounces of gold, and 18.5 million pounds of copper), gold production is above plan, while copper production is below plan.
  • During the quarter, total development towards the B3 and C-zone advanced by approximately 1,231 metres, in-line with plan.
  • The underground mine averaged 16,727 tonnes per day for the quarter, in-line with plan.
  • The mill averaged 15,377 tonnes per day for the quarter, at an average gold and copper grade of 0.45 g/t gold and 0.73% copper, respectively, with copper grade lower than plan, at gold and copper recoveries of 81% and 82%, respectively.

Gold Resource Corporation Updates Proven & Probable Reserves, Boosting Consolidated Gold Grade and Ounces

Retrieved on: 
Monday, March 2, 2020
Mining, Kinross Gold, Mines, Gold mining in Alaska, Seabridge Gold

COLORADO SPRINGS, Colo., March 02, 2020 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the Company) updated its annual reserve estimates as of December 31, 2019, increasing its consolidated proven and probable gold reserve grade by 20.1% and consolidated proven and probable gold reserve ounces by 1.1%.

Key Points: 
  • COLORADO SPRINGS, Colo., March 02, 2020 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the Company) updated its annual reserve estimates as of December 31, 2019, increasing its consolidated proven and probable gold reserve grade by 20.1% and consolidated proven and probable gold reserve ounces by 1.1%.
  • Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.
  • Proven and probable reserve gold ounces included in the reserve report increased year-over-year by 2.5% to 220,100 ounces, an increase of 5,300 gold ounces, while gold grade increased 33.8% to 3.05 g/t.
  • As of December 31, 2019, proven and probable reserves at the Oaxaca Mining Unit totaled 2,831,600 tonnes grading 1.97 g/t gold and 122 g/t silver, equating to 179,300 gold ounces and 11,096,400 silver ounces.

Beauce Gold Fields: Comparative Analysis Indicates Eroded Fault Line as Source of Historical Placer Gold Channel

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Monday, March 2, 2020
Economic geology, Mining, Academic disciplines, Placer deposit, Gold mining, Placer mining, Gold mining in Alaska

As noted above, Trench 10008 contained visible gold particles from bedrock and exposed the main geological fault line that runs along the historical placer gold channel.

Key Points: 
  • As noted above, Trench 10008 contained visible gold particles from bedrock and exposed the main geological fault line that runs along the historical placer gold channel.
  • The presence of this gold system could explain, among other things, the gold placers found in the basal till and the underlying saprolite along the historic Saint-Simon-les-Mines placer gold channel.
  • Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the Beauce region of Southern Quebec.
  • The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries.

THEMAC Resources Group Ltd Announces Update of Project Economics and Permitting for Copper Flat Project

Retrieved on: 
Friday, February 28, 2020
Physical sciences, Chemistry, Copper, Atoms, Gold mining in Alaska

The Copper Flat Mine EIS was an extensive review that took seven years to complete.

Key Points: 
  • The Copper Flat Mine EIS was an extensive review that took seven years to complete.
  • In a separate action, the BLM on August 22, 2019, issued a positive decision on the Copper Flat Mine FEIS.
  • In announcing the decision, the BLM recognized that the Copper Flat Mine will enhance economic development by creating jobs and enabling community growth.
  • Proven and probable reserves at Copper Flat total 113.1 million tons; measured and indicated mineral resources, inclusive of mineral reserves, total 305 million tons.

Monarch Gold Generates Second Quarter Revenue Of $2.5 Million

Retrieved on: 
Tuesday, January 28, 2020
Mining, Kinross Gold, Mines, Gold mining in Alaska, Seabridge Gold

Monarch recovered a total of 2,606 ounces of gold from the cleaning of its Camflo mill.

Key Points: 
  • Monarch recovered a total of 2,606 ounces of gold from the cleaning of its Camflo mill.
  • The Corporation posted second quarter revenues of $2.5 million mainly from the sale of 1,383 ounces of gold at an average price of $1,771 (US $1,346) per ounce.
  • As at December 31, 2019, the Corporation had $5.1 million in cash, $3.6 million in short-term investments and 500 ounces of gold in inventory.
  • Monarch currently has a combined measured and indicated resource of 3.2 million ounces of gold with an inferred resource of 1.1 million ounces, including proven and probable reserves of 1.8 million ounces of gold for the Wasamac deposit (see table at the end of the release).

Dynacor Boosts Its Purchases of Ore to a Record High in 2019  

Retrieved on: 
Thursday, January 23, 2020
Kinross Gold, Mining, Companies, S&P/TSX 60 Index, Gold mining in Alaska

In December, the Corporation recorded its best monthly ore purchase volume and gold production, with purchases of 11,306 tonnes and a production of 8,815 ounces of gold.

Key Points: 
  • In December, the Corporation recorded its best monthly ore purchase volume and gold production, with purchases of 11,306 tonnes and a production of 8,815 ounces of gold.
  • December gold production volume was 34.9 % higher than the 2019 year to date monthly average.
  • The total volume of ore purchased in 2019 amounted to 105,238 tonnes compared to 90,977 in 2018, an increase of 15.7%.
  • In 2019, Dynacor produced 80,677 ounces of gold, in line with 2018 (81,314 ounces).

Gold Resource Corporation Achieves Record 2019 Annual Gold Production, Up 50% Year-Over-Year

Retrieved on: 
Wednesday, January 22, 2020
Companies, Mining, Metallon Corporation, Stock exchanges, Gold mining in Alaska

The Company produced a record 40,318 gold ounces and produced 1,732,604 silver ounces for the 2019 year, which met annual gold and silver production target ranges.

Key Points: 
  • The Company produced a record 40,318 gold ounces and produced 1,732,604 silver ounces for the 2019 year, which met annual gold and silver production target ranges.
  • Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, U.S.A.
  • 2019 was not only a record gold production year for Gold Resource Corporation, but the Company is well positioned to substantially increase our gold production profile further in 2020, Gold Resource Corporation CEO and President, Mr. Jason Reid, stated.
  • Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.

Golden Predator Announces Updated Technical Report; Oxide Gold Resource Ounces Increase more than 50% at Brewery Creek Mine, Yukon

Retrieved on: 
Wednesday, January 15, 2020
Chemical elements, Chemistry, Physical sciences, Bullion coins, Gold, Gold mining in Alaska

The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002.

Key Points: 
  • The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002.
  • Brewery Creek was put into Temporary Closure in 2002 following a collapse of the gold price below $300 US per troy ounce.
  • The Company conducted exploration drilling on the Brewery Creek project from 2010 to 2013 which increased the resource significantly.
  • This green gold provides the content for the mintage of .9999 gold coins from the Yukon Mint, a wholly owned subsidiary of Golden Predator.

Torex Gold Announces Updated Media Luna Resource Estimate

Retrieved on: 
Tuesday, January 14, 2020
Economic geology, Mineral resource estimation, Mining, Kinross Gold, Geology, Primary sector of the economy, Gold mining in Alaska, TriMetals Mining

Applying the metal prices used in the December 2019 resource to the June 2015 resource model, implies a metal inventory of 6.90 million gold equivalent ounces (48.8 million tonnes at a gold equivalent grade of 4.40 g/t).

Key Points: 
  • Applying the metal prices used in the December 2019 resource to the June 2015 resource model, implies a metal inventory of 6.90 million gold equivalent ounces (48.8 million tonnes at a gold equivalent grade of 4.40 g/t).
  • These numbers compare to the 2019 Indicated resource of 2.24 million gold equivalent ounces (12.6 million tonnes at a gold equivalent grade of 5.55 g/t) and Inferred resource of 4.56 million gold equivalent ounces (33.5 million tonnes at a gold equivalent grade of 4.23 g/t).
  • The updated mineral resource estimate prepared by Torex is based on data from 393 core drill holes (approximately 194,000 metres) completed between 2012 and 2019 within the resource area.
  • Table 2 and 3 below illustrate the sensitivity of the Indicated and Inferred resource estimates to changes in gold equivalent cutoff grade.

Royal Gold Provides Update on Its Fiscal 2020 Second Quarter

Retrieved on: 
Tuesday, January 7, 2020
Mining, Minerals, Natural Resources, Molybdenum, Royal Gold, Ounce, Companies, Measurement, S&P/TSX 60 Index, Stock exchanges, Gold mining in Alaska, Kinross Gold

Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, Royal Gold or the Company) today announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 60,000 gold equivalent ounces comprised of approximately 47,000 gold ounces, 514,000 silver ounces and 2,000 tonnes of copper related to its streaming agreements during its fiscal 2020 second quarter ended December 31, 2019 (second quarter).

Key Points: 
  • Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, Royal Gold or the Company) today announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 60,000 gold equivalent ounces comprised of approximately 47,000 gold ounces, 514,000 silver ounces and 2,000 tonnes of copper related to its streaming agreements during its fiscal 2020 second quarter ended December 31, 2019 (second quarter).
  • Second quarter stream sales were in line with previous guidance of 60,000 gold equivalent ounces.
  • The Company had approximately 39,000 gold equivalent ounces in inventory at the end of the second quarter consisting of 32,000 gold ounces, 466,000 silver ounces and 400 tonnes of copper.
  • Royal Golds second quarter 2020 results will be released after the market close on Wednesday, February 5, 2020, followed by a conference call the next day at noon Eastern Time (10:00 a.m. Mountain Time).