‹ Minerals

Take it on the chin and keep smiling

March 09, 2014

Northern miners record losses due mainly to weak metal prices, yet operational mines have largely kept running.

The NWT diamond mines seem to be doing OK.

The Alaska gold mines, Pogo, Kensington and Ft.Knox are all operating in the black, as far as can be determined. Red Dog, Alaska’s major zinc mine, and Greens Creek, a large silver mine, are operating successfully.

Saskatchewan’s uranium mines are doing fine and uranium prices may trend upwards.



Weakening copper prices portend bad things for the Yukon economy, as the Minto mine could shut-down at prices under $3.00 /lb.

The gold producers have toughed it out and prices have recovered a bit lately.