- Write by:
-
Monday, February 1, 2021 - 12:57:00 PM
-
535 Visit
-
Print
Mining News Pro - McEwen Mining has reported progress with the turnaround at its Black Fox mine, in Timmins, Canada, and says it has “ambitious” plans for its Fox Complex, which has a combined resource base of three-million ounces
Consultants are working on a preliminary economic assessment to expand production from the current short mine life producing 30 000 oz/y to 40 000 oz/y, to a ten-year mine life producing 100 000 oz/y to 150 000 oz/y.
“Early results are encouraging,” the company said on Friday in a progress update.
Development of the underground access to the Froome deposit was ahead of schedule, with first ore to be delivered to the mill later this quarter. McEwen has reaffirmed the fourth quarter of 2021 as the Froome deposit’s scheduled commercial production date.
The company recently raised $12.7-million to fund the development of Froome.
Underground drilling at the Black Fox is also returning “encouraging” high-grade intercepts, McEwen said, stating that the results illustrated the potential of the mine.
Results from delineation drilling include 64.7 g/t over 2 m core length, 50.8 g/t over 5.6 m core length, 37.7 g/t over 2.6 m core length and 12.7 g/t over 3.2 m core length.
At Gold Bar, in Nevada, US, McEwen has completed an updated feasibility study following the recent 16% reduction in estimated reserves. The report would be published by February 23.
McEwen would also publish a feasibility study for its Fenix project, in Mexico, by February 15. The study envisions a gold and silver mine with a mine life of 9.5 years.
At Argentina’s San Jose, which joint venture partner Hochschild Mining operates, the company reported that it had received its first dividend for the year from its 49% interest. The mine also performed well in 2020, despite interruptions owing to Covid-19 issues.
Short Link:
https://www.miningnews.ir/En/News/610291
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
Adriatic Metals is taking over as the operator of the Rupice deposit development, which is part of the company’s Vares ...
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
No comments have been posted yet ...