Kensington gears up for 2005 construction start: Coeur d'Alene Mines Corp. is awaiting regulatory approval to start construction work, and expects gold production in 2006.

Alaska Business MonthlyVol. 21 Nbr. 3, March 2005

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Kensington gears up for 2005 construction start: Coeur d'Alene Mines Corp. is awaiting regulatory approval to start construction work, and expects gold production in 2006.

Coeur d'Alene Mines Corp. has spent 15 years working on plans to develop the Kensington gold deposit, located 45 miles northeast of Juneau and a few miles inland of Lynn Canal, as an underground, hard-rock gold mine.

Despite numerous years of exploration and development work on site, a recent increase in gold prices, previous regulatory approval for construction of a gold mine, and a July 2003 memorandum of understanding with regulatory agencies outlining a schedule for permitting work, Coeur is s...

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