Coeur Alaska Inc. now has federal clearance to increase throughput and extend the life of its Kensington gold mine in Southeast Alaska. U.S. Forest Service Tongass Supervisor M. Earl Stewart on Feb. 24 signed a record of decision approving Coeur’s plan to increase the processing capacity by 50% and nearly double the waste storage capacity at the underground gold mine.
Forest Service OKs Kensington Mine expansion kcaw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kcaw.org Daily Mail and Mail on Sunday newspapers.
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Federal fisheries officials raise concern over Kensington Mine expansion
A Kensington Mine worker underground. (Photo courtesy of Coeur Alaska)
Coeur Alaska reported its Kensington Mine produced around 125,000 ounces of gold in 2020. And its most recent report suggests it’s on track for a similar yield this year. At current prices that’s around $225 million worth each year.
“Gold prices have been excellent,” said Coeur Alaska’s General Manager Mark Kiessling in Juneau in a recent interview. “They came up quite a bit in 2019 and 2020. They’ve come down a little bit and 2021. But it’s still been very promising.”
The mine is on a patchwork of leased private land and Tongass National Forest in an area between Juneau and Haines east of Lynn Canal.
Alaska Journal | Coeur receives preliminary OK for Kensington expansion alaskajournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskajournal.com Daily Mail and Mail on Sunday newspapers.