July 27, 2021 โ Coeur Alaska reported its Kensington Mine produced around 125,000 ounces of gold in 2020. And its most recent report suggests itโs on track for a similar yield this year. At current prices thatโs around $225 million worth each year.
โGold prices have been excellent,โ said Coeur Alaskaโs General Manager Mark Kiessling in Juneau in a recent interview. โThey came up quite a bit in 2019 and 2020. Theyโve come down a little bit and 2021. But itโs still been very promising.โ
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.
Itโs one of the regionโs largest private sector employers with around 360 employees.
But in order to stay open through 2033, the mine needs to expand its footprint.
โWeโre looking forward to continuing to to be partners in the community and continue to provide employment for Southeast Alaska for the for the near future,โ Kiessling said.