Gold and Silver – Page 147 – Republic of Mining

[Timmins Goldcorp] PGM aims to build larger milling facility – by Len Gillis (Timmins Daily Press – January 12, 2018)

January 12, 2018

http://www.timminspress.com/

TIMMINS – The skyline around the Dome Mine property is likely to see a dramatic change. With the recent closure of the Dome underground workings, the company is preparing to remove all the existing infrastructure and familiar surface buildings at that site.

Those changes were part of the presentation revealed to the Timmins Chamber of Commerce lunch event by Marc Lauzier Thursday. Lauzier is the mines general manager for Goldcorp Porcupine Gold Mines (PGM).

The chamber audience consisted mainly of mining supply and service representatives who seemed assured to hear that PGM is still in business as strongly as ever in the Porcupine Camp despite the Dome underground shutdown and especially with the prospect of the new Century Project.

Who Won Kitco’s Mining CEO of The Year? Rob McEwen – CEO, McEwen Mining (Kitco News – January 5, 2018)

January 11, 2018

http://www.kitco.com/

(Kitco News) – Kitco News brought back a fan favorite this year in an effort to give YOU, our dedicated readers, a voice!

After a few weeks of voting, we have finally tallied up the results to unveil who our readers and viewers think merits the title of CEO of 2017. After sifting through thousands of responses, and the names of over 100 CEOs you submitted, we have tallied your choice for the mining world’s top commander-in-chief.

For the second year in a row, Kitco readers voted for Rob McEwen – CEO, McEwen Mining (TSE, NYSE: MUX). Rob McEwen McEwen has been behind some of the biggest mining companies in the industry. First founding Goldcorp in the ‘90s –transforming the company from a collection of small companies into a mining powerhouse.

Permit application reveals size of scaled-down Pebble project – by Elwood Brehmer (Alaska Journal of Commerce – January 10, 2018)

January 11, 2018

http://www.alaskajournal.com/

The official Pebble mine plan released Jan. 5 by federal regulators describes a scaled-back project relative to prior concepts, but opponents contend it is a way for the company to get its foot in the door for future expansion.

Published by the Alaska District of the U.S. Army Corps of Engineers, the plan details a project that is much more than a mine. According to Pebble’s plan documents, its reach would stretch 187 miles from the mine site north of Iliamna Lake to the edge of the Sterling Highway on the southern Kenai Peninsula.

In between would be a natural gas pipeline up to 12 inches wide traversing the Cook Inlet sea floor for 95 miles from the Anchor Point area to a deepwater port at Amakdedori west of Augustine Island.

Site visit: IDM Mining pursues dual upside at Red Mountain – by Matthew Keevil (Northern Miner – January 11, 2018)

January 11, 2018

Northern Miner

STEWART, B.C. — An aura of history surrounds IDM Mining‘s (TSXV: IDM; US-OTC: RVRCF) Red Mountain gold property, 18 km northeast of the town of Stewart, British Columbia.

That history is especially acute for president and CEO Robert McLeod, who has long-standing family ties to the local community and cut his teeth as an exploration geologist at the project with Lac Minerals back in the early 1990s.

Red Mountain has near-term production potential and exploration upside across a 170 sq. km land package that has seen limited systematic work. The region was abuzz with helicopter activity during The Northern Miner’s visit in September 2016, due to renewed interest in B.C.’s Golden Triangle near the western margin of the Stikine terrain.

Barrick, Premier ink wide-ranging Nevada focused exploration, development pact – by Henry Lazenby (MiningWeekly.com – January 10, 2018)

January 11, 2018

http://www.miningweekly.com/

VANCOUVER (miningweekly.com) – Gold major Barrick Gold has signed a comprehensive exploration and development agreement with Premier Gold Mines that include toll-milling and exploration earn-in options for both companies at the McCoy-Cove and Rye projects.

Premier announced on Wednesday that, under the terms of the agreement, Barrick will have an option to earn a 60% interest in the exploration portion of its McCoy-Cove property (the joint venture (JV) property) by spending $22.5-million in exploration before June 30, 2022.

Further, Premier will retain 100% ownership over the Cove deposit portion of the McCoy-Cove property, which includes the high-grade Helen, 2201 and CSD/CSD Gap deposits. Premier will also secure a one-time bulk sample processing arrangement for the planned test-mining programme at its 100%-owned portion of the McCoy-Cove property.

NEWS RELEASE: [California Gold Rush] Exotic animals and the hunt for gold (University of New Mexico – January 8, 2018)

January 11, 2018

http://news.unm.edu/news/

Men, women and their families arrived in large numbers to northern California with the dream of striking it rich during the mid-19th century. What most people don’t know about the California Gold Rush is that exotic animals became as much a part of the experience as the exotic medals.

“During the Gold Rush of the 1850s, gold seekers, or Argonauts as they were known, transported exotic and non-native animals to northern California on a regular basis,” said Cyler Conrad, a Ph.D. candidate in the Department of Anthropology at The University of New Mexico. “Argonauts were hungry, and during the early years of the Gold Rush there was simply not enough local food to sustain their massive population.”

Conrad’s findings, recently published in an article in the journal California History, suggest that some of the exotic animals imported for food include Galápagos tortoises, sea turtles, turkeys and Atlantic cod. Other non-native animals imported during the Gold Rush-era served as support for hygiene and entertainment needs.

Mining company Klondex announces ‘immediate reduction’ of workers, operations at Manitoba gold mine (CBC News Manitoba – January 9, 2018)

January 10, 2018

http://www.cbc.ca/news/canada/manitoba/

Klondex acquired True North mining complex in Bissett in January 2016

The international mining company that owns an eastern Manitoba gold mine will be cutting back operations and workforce at the site effective immediately, according to a Tuesday news release.

Klondex Mines Ltd. announced “an immediate reduction of underground mining operations and workforce” at the True North mining complex near Bissett, Man. — about 165 kilometres northeast of Winnipeg — on its website on Tuesday. “We regret the implications these actions will have on our workforce and other stakeholders but must ensure the long-term sustainability of the Company,” said Klondex president Paul Huet in the written release.

The company acquired the 43,000-hectare complex in January 2016. According to the release, it decided to cut back operations at the mine because it didn’t make as much money as expected in 2017.

Timmins Sage Gold ramping up operations (Timmins Daily Press – January 9, 2018)

January 10, 2018

http://www.timminspress.com/

TIMMINS – Sage Gold Inc. the company that has 100% ownership of the Clavos Mine in Timmins, reports that its bulk sampling program has so far yielded almost 800 ounces of gold and expects to mill even more this month despite the unexpectedly cold temperatures in the past two weeks.

The information contained in a news release said the bulk sample so far represents what the company called “lower grade pre-stope development rock” mined by Sage and well as broken rock left by the previous mine operator, St. Andrew Goldfields Ltd.

“To date, the company has completed three mill runs between October and December 2017, as part of its bulk sampling program, yielding approximately 790 ounces of gold,” the company stated in its release.

Q&A David Garofalo: Why Goldcorp’s CEO thinks his company could be in the yukon for decades – by Herb Mathisen (Up Here Magazine – November 22, 2017)

January 9, 2018

https://uphere.ca/

In the summer of 2016, Goldcorp, one of the biggest gold-mining companies in the world, bought the Coffee Gold project in the Yukon from Kaminak for $530 million. Though the proposed mine, 130 kilometres south of Dawson City, has an estimated life of ten years, Goldcorp CEO David Garofalo believes that’s just the beginning. There’s a lot more gold waiting to be found.

Where does the Yukon figure into Goldcorp’s plans?

Whenever we’re looking at new opportunities, there are a couple things we’re looking at. We’re looking for a good mining history—receptivity to mining. Obviously the Yukon has that in spades. And what we’re also looking for is the potential for assets that can be scaled geologically and, ultimately, operationally.

While Kaminak did a tremendous job of outlining a resource of 5 million ounces on that property, they really only did exploration work on a small fraction of the overall [property.] We believe this deposit could at least double in size based on the geological prospectivity, the soil sampling done to date and the geophysical work.

Timmins Dome mine story still hasn’t reached an end – by Len Gillis (Timmins Daily Press – January 9, 2018)

January 9, 2018

http://www.timminspress.com/

TIMMINS – The closing of the Dome Mine underground operations at the end of December is but one chapter in the overall story that is Goldcorp Porcupine Gold Mines (PGM), according to Marc Lauzier.

As the mines general manager for PGM, Lauzier said it is not yet time to fully close the book on the Dome story, or the bigger story of PGM in the Porcupine Camp.

Lauzier was commenting Monday on the final shutdown of underground work at the historic Dome mine and what that operation has meant for the community over the past century.

“I think it has had an impact on the whole region,” said Lauzier. “The Dome has been open since 1910 I believe. I mean, that’s 107 years. How many communities can say they’ve had 107 years of active mine life from the same gold mine?”

Opening offshore drilling options: Trump’s move will benefit Alaska if done responsibly (Fairbanks Daily News-Miner – January 7, 2018)

January 8, 2018

http://www.newsminer.com/

News-Miner opinion: The Trump administration moved toward opening up 90 percent of the nation’s offshore oil reserves last week. Secretary of the Interior Ryan Zinke rolled out the five-year plan that allows for 47 offshore drilling leases, with 19 of those off the coast of Alaska.

It’s the latest in a bevy of headlines that spark visions of a robust economy for Alaska in the not-too-distant future. Add offshore drilling to the list that includes the following: Gov. Bill Walker’s proposed natural gas pipeline, the opening of a portion of the coastal plain of the Arctic National Wildlife Refuge to oil and gas development, Kinross applying for permits to expand the boundaries of its Fort Knox Gold Mine and the Pebble Partnership being allowed to apply for mining permits at its Pebble Mine site near Bristol Bay.

Alaska may not see all of these developments come to fruition, but this diverse portfolio has the potential to create many jobs and pump money into Alaska’s economy.

A visit to B.C.’s Cariboo region may have you catching gold fever – by Tim Johnson (Toronto Star – January 5, 2018)

January 8, 2018

https://www.thestar.com/

This interior district in B.C. is known for its gold, and the picturesque mining town of Wells is still home to a full-scale hard-rock operation.

WELLS, B.C—There’s still gold in them hills — and some of it happens to be on the table, right here, right now, at breakfast. A few ounces, both dust and nuggets, drawn from one of the richest mining claims ever staked in North America. Worth a few thousand dollars, and just sitting on the table here at the Wells Hotel, between our omelettes and coffees and huevos rancheros.

“All through the region here, people still work every creek, and you can’t step out of your car without setting foot on someone’s claim,” says Robin Sharpe, the mayor of this picturesque mountain town, which is still home to a full-scale hard-rock operation.

As snow falls lightly outside, I weigh up the heavy, valuable stuff currently selling for about $1,600 an ounce — in my hand. Noting a certain glitter in my eye, Sharpe feels it’s about time to issue a warning. “Gold fever, you know, it’s an addiction,” he says, with a knowing smile. “People really go nuts.”

U.S. agency starts review for Alaska mine project opposed by environmentalists – by Yereth Rosen (Reuters U.S. – Janaury 6, 2018)

January 8, 2018

https://www.reuters.com/

ANCHORAGE, Alaska (Reuters) – U.S. regulators formally launched a review process on Friday that could produce a permit a Canadian mining group needs to build the Pebble Mine copper and gold project in southwest Alaska, which is opposed by environmentalists.

The U.S. Army Corps of Engineers, the federal agency that regulates the development and dredging of wetlands, has published the completed permit application from the Pebble Limited Partnership on its website.

The application will trigger a formal environmental review of the plan to build an open-pit mine in a region with the world’s biggest sockeye salmon runs.

Precious Metals Outlook for 2018 – by Stefan Gleason (Lawrie On Gold – January 5, 2018)

January 5, 2018

https://lawrieongold.com/

Stefan Gleason is President of Money Metals Exchange, the national precious metals company named 2015 “Dealer of the Year” in the United States by an independent global ratings group.

The first trading days of 2018 are confirming signs of renewed investor interest in the precious metals sector after a long period of malaise. Gold and silver markets entered the year with some stealth momentum after quietly posting gains late in 2017. Gold finished the year above $1,300/oz. – its best yearly close since 2012.

Over the past five years, the yellow metal has been basing out in a range between $1,050 and $1,400. A push above $1,400 later this year would therefore be significant. It would get momentum traders and mainstream financial reporters to take notice.

The alternative investing world was enthralled by Bitcoin in 2017. While we don’t expect a Bitcoin-like mania to take hold in precious metals in 2018, we do expect gold and silver markets to make some noise.

Ontario Northland: Through timber to tidewater – by John Thompson (Railway Age – December 28, 2017)

January 4, 2018

http://www.railwayage.com/

Some Railway Age readers will be surprised to learn that GO Transit, launched in 1967, was not the first venture of the Province of Ontario into the railway business; that event actually occurred some 60 years earlier. The honor actually belongs to the provincially owned Ontario Northland Railway, which links the city of North Bay, on Lake Nipissing, to Moosonee, on the salt waters of James Bay.

At that time, and until recent years, North Bay was on the Canadian Pacific Railway (CPR) transcontinental (Montreal-Vancouver) main line. During the past decade, the trackage between a point just east of North Bay, to Smiths Falls (60 miles west of Montreal) was abandoned.

The territories served by the two provincial railways could hardly be more different: GO Transit is based in Toronto, Canada’s largest city, and carries commuters in business attire through an area of subdivisions, apartment towers, industries and fertile farmland.