Kinross is telling Alaskans that it is not economical to build an ore processing facility at the high-grade gold deposit near Tetlin, so it has no choice but to use the highway system to truck ore to the Fort Knox mine for processing.
But there is good reason to dispute the claim.
Why?
Because a 2018 study of the proposed Tetlin project—before Kinross got involved—found that a mine project built at Tetlin would be an economical and profitable venture for all concerned, even with a gold price of $1,250 per ounce. Gold is now about $1,830 an ounce.
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