A gold exploration project at Coeur Alaska’s Kensington Mine north of Juneau has revealed thousands more ounces of precious metals. The high-grade gold deposits will extend the mine’s life through 2029.

Steve Ball, the general manager at Kensington, said the company spent a few years and nearly $90 million drilling to discover more gold. Now those efforts have paid off.

“We increased our reserves from a low point of 261,000 ounces at the end of year 2022, to 501,000 ounces at the end of year 2024.”

Ball said those new reserves, which they’ve already started excavating, represent around five years of mine life.

Brian Holst is the executive director of the Juneau Economic Development Council. In an email, he said this is promising for workers here, since the mining industry is one

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