Fairbanks Daily News-Miner - Alaska gold production highest since 1916
Come on, Juneau! It could be here next...
Alaska gold production highest since 1916!
by The Associated Press2 hrs 37 mins ago | 311 views | 0 | 5 | |
ANCHORAGE, Alaska - Another gold rush seems to be under way in Alaska.
The state's gold production last year - 800,000 ounces - was the highest since 1916. Alaska accounts for nearly 10 percent of U.S. production.
The Anchorage Daily News reports record prices for gold have led out-of-state investors to bankroll drilling projects all over the state. But most of the gold is still coming from two mines - the open pit Fort Knox mine near Fairbanks, and the underground Pogo mine near Delta Junction. Together, they produced 84 percent of the state's gold last year.
"We now have two large gold mines operating. We've never had that before," said Steve Borell, executive director of the Alaska Miners Association.
A big gold mine near Juneau, the Kensington mine, is scheduled to begin production late next year. It would be the state's third-largest. Two smaller gold mines - the Rock Creek mine in Nome, and the Nixon Fork mine in McGrath - hope to reopen sometime soon.
Alaska's smaller placer gold mines, which excavate gold-bearing rock from ancient stream beds, increased production 5 percent to 53,849 ounces last year.
via Fairbanks Daily News-Miner - Alaska gold production highest since 1916 .
Alaska gold production highest since 1916!
by The Associated Press2 hrs 37 mins ago | 311 views | 0 | 5 | |
ANCHORAGE, Alaska - Another gold rush seems to be under way in Alaska.
The state's gold production last year - 800,000 ounces - was the highest since 1916. Alaska accounts for nearly 10 percent of U.S. production.
The Anchorage Daily News reports record prices for gold have led out-of-state investors to bankroll drilling projects all over the state. But most of the gold is still coming from two mines - the open pit Fort Knox mine near Fairbanks, and the underground Pogo mine near Delta Junction. Together, they produced 84 percent of the state's gold last year.
"We now have two large gold mines operating. We've never had that before," said Steve Borell, executive director of the Alaska Miners Association.
A big gold mine near Juneau, the Kensington mine, is scheduled to begin production late next year. It would be the state's third-largest. Two smaller gold mines - the Rock Creek mine in Nome, and the Nixon Fork mine in McGrath - hope to reopen sometime soon.
Alaska's smaller placer gold mines, which excavate gold-bearing rock from ancient stream beds, increased production 5 percent to 53,849 ounces last year.
via Fairbanks Daily News-Miner - Alaska gold production highest since 1916 .
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