• Home
  • About Us
  • Subscribe
  • Advertise
  • Newsroom
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • Current Issue
    • Latest News
    • Special Report
    • Up Close
    • Opinion
  • News by Sector
    • Real Estate & Construction
    • Banking & Finance
    • Health Care
    • Education & Talent
    • North Idaho
    • Technology
    • Manufacturing
    • Retail
    • Government
  • Roundups & Features
    • Calendar
    • People
    • Business Licenses
    • Q&A Profiles
    • Cranes & Elevators
    • Retrospective
    • Insights
    • Restaurants & Retail
  • Supplements & Magazines
    • Book of Lists
    • Building the INW
    • Market Fact Book
    • Economic Forecast
    • Best Places to Work
    • Partner Publications
  • E-Edition
  • Journal Events
    • Elevating the Conversation
    • Workforce Summit
    • Icons
    • Women in Leadership
    • Rising Stars
    • Best Places to Work
    • People of Influence
    • Business of the Year Awards
  • Podcasts
  • Sponsored
  • INW Senior
Home » Goldrich gets early jump on work in central Alaska

Goldrich gets early jump on work in central Alaska

Warm weather lengthens mining concern's season

June 16, 2016

The president and CEO of Spokane-based Goldrich Mining Co. says the company has been able to begin work at its central Alaska mine earlier than expected due to warmer-than-normal temperatures.

Goldrich’s partner—Goldrich NyacAU Placer LLC—started mining its Chandalar gold project three weeks ahead of its normal mid-June production season start, says William Schara.

“Being able to start mining early when, in a whole year, you typically only get about 92 days … that’s pretty substantial,” Schara says.

Goldrich Placer expects to stockpile “pay” gravel, blast, and process additional mineralized material, and continue development of a new wash plant this year, Schara says. Work likely will continue there until early September.

Placer mining, as it’s called, is the mining of stream bed—alluvial deposits—for minerals, Schara says.

Since 2012, Schara says, Goldrich Placer has invested $24 million in the Chandalar mine project. The mine, located just outside Chandalar, Alaska, is approximately 200 miles north of Fairbanks.

Goldrich Mining and Goldrich Placer formed a joint venture to mine various placer deposits that occur throughout the company’s 23,000-acre mine, Schara says.

    Latest News
    • Related Articles

      Goldrich to drill soon in Alaska

      Spokane-based Goldrich, Alaska company to partner

      Central Valley School District starts work on $19 million new school

    Daily News Updates

    Subscribe today to our free E-Newsletters!

    Subscribe

    Featured Poll

    Which industry sector has the greatest growth opportunity in the greater Spokane area?

    Popular Articles

    • Tagliare photo web
      By Jase Picanso

      Tagliare Delicatessen plans shop on West Plains

    • Dumplings (17) web
      By Karina Elias

      Yo Dumplings opens inside Brick West Brewing Co.

    • Heart (1) web
      By Ethan Pack

      First phase of Heart Institute modernization kicks off

    • Swanson (16) web
      By Karina Elias

      Evergreen Gavekal opens Spokane office

    • Lance beck web
      By Ethan Pack

      Greater Spokane Incorporated names new chief strategy officer

    • News Content
      • News
      • Special Report
      • Up Close
      • Roundups & Features
      • Opinion
    • More Content
      • E-Edition
      • E-Mail Newsletters
      • Newsroom
      • Special Publications
      • Partner Publications
    • Customer Service
      • Editorial Calendar
      • Our Readers
      • Advertising
      • Subscriptions
      • Media Kit
    • Other Links
      • About Us
      • Contact Us
      • Journal Events
      • Privacy Policy
      • Tri-Cities Publications

    Journal of Business BBB Business Review allianceLogo.jpg CVC_Logo-1_small.jpg

    All content copyright ©  2026 by the Journal of Business and Northwest Business Press Inc. All rights reserved.

    Design, CMS, Hosting & Web Development :: ePublishing