Situated approximately 25 miles northeast of Fairbanks, Alaska, the Fort Knox Mine is one of the largest gold producing mines in the state. Fairbanks Gold Mining, Inc. pays The Trust royalties from production, which exceeds 300,000 ounces of gold annually.
Development of a “heap-leach” facility has extended the life of the mine allowing low grade ore to be extracted from its lode deposit (hardrock).
Good for the State
- 500 local residents employed full time
- Tailing storage facility on Fish Creek is a zero-discharge facility
- Voluntary Fish Creek reclamation project received the Tileston Award in 2009
- Seventy percent of operating budget is spent with businesses in Alaska