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The Fort Knox Gold Mine is an open pit gold mine, 9 mi (14 km) east of Fox in the Fairbanks mining district of Alaska. It is owned and operated by Toronto -based Kinross Gold . Originally staked in 1913, after very minor mining at the location the property sat idle until being restaked in 1980.
Kinross' first project – now operated by its subsidiary Fairbanks Gold Mining – was the Fort Knox Gold Mine, an open-pit mining operation in Alaska. The area, including surrounding deposits, was prospected as early as 1913, but no mining took place until 1996. The mine currently produces over 200,000 ounces of gold a year. [27]
The Fort Knox mine is located within the Fairbanks North Star Borough, 25 miles (40 km) northeast of Fairbanks. The mine site is located primarily on State of Alaska and the Mental Health Trust lands. The mine is wholly owned by Kinross Gold Corporation. The mine opened in 1996 and in 2019 produced 200,263 troy ounces (6,228.9 kg) of gold.
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Gold-quartz-sulfide hydrothermal vein at the old Grant Mine, Fairbanks Mining District. The Fairbanks mining district is a gold-mining area in the U.S. state of Alaska. Placer mining began near Fairbanks in July 1902, after Felix Pedro (real name Felice Pedroni), an Italian immigrant and Tom Gilmore discovered gold in the hills north of the Tanana and Chena Rivers in 1901.
In August 2016, Kinross ceased operations at the Maricunga gold mine, resulting in a layoff of 300 employees. The decision to close the mine was the result of the Chilean government "shut[ing] down the water system linked to the operation over environmental concerns."