- Write by:
-
Wednesday, May 29, 2019 - 10:38:19 AM
-
827 Visit
-
Print
Mining News Pro - Toronto-based Alamos Gold has received the amended permit for expansion of the Island Gold mine to 1,200 t/d from the provincial Ministry of the Environment, Conservation and Parks.
According to Mining News Pro - The mine is located about 83 km northeast of Wawa, Ontario, Canada.
Alamos said the permit was received ahead of schedule. Underground mining rates are to reach 1,200 t/d in 2020, and the company is seeking ways to reach that level before the end of 2019.
The benefits of the phase two expansion are a production increase to 125,000 oz. per year and a lowering of the all-in sustaining costs to $550.
The company is also conducting a large ongoing exploration program that has already increased the resources at Island Gold. The mine has proven and probable reserves of 3 million tonnes grading 10.28 g/t gold. Measured and indicated resources are 969,000 tonnes at 8.77 g/t, and inferred resources are 4.2 million tonnes at 11.71 g/t gold. There are close to 2.8 million oz. of gold contained in all categories. A phase three expansion study is also underway.
Short Link:
https://www.miningnews.ir/En/News/380704
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay ...
French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones ...
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential ...
Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to ...
Gold production in Burkina Faso declined last year as deteriorating security conditions in the West African nation ...
Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in ...
A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform ...
No comments have been posted yet ...