Kaminak Advancing Coffee Gold Project

Kaminak Gold has reported a positive feasibility study for its Coffee gold project 130 km south of Dawson City in Yukon Territory, Canada. The study contemplates an open-pit, heap-leach operation producing a total of 1.86 million oz of gold over a 10-year mine life.

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Red Dog Files Tax Complaint

Teck Alaska, operator of the Red Dog mine in northwest Alaska, has filed a complaint in the Superior Court for the state of Alaska over a tax increase that Teck estimates could more than triple its annual payments as of 2016.

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Nyrstar Suspends Production at Middle Tennessee Mines

Nyrstar NV announced on December 7 that it is placing its middle Tennessee zinc mines on care and maintenance to further minimize cash consumption in its mining segment as it continues to address the impact of low metals prices. The decision will result in approximately 50,000 mt/y of zinc in concentrate being taken out of the market. Zinc metal production at Nyrstar’s Clarksville, Tennessee, smelter will be reduced by about 9,000 mt/y. The Clarksville smelter will continue to be supplied by Nyrstar’s east Tennessee mines and additional external sources. The smelter produced 110,000 mt of zinc in 2014.

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