A 152,000-tonne-per-day open-pit mine at Josemaria would deliver an average of 136,000 tonnes of copper, 231,000 oz. of gold annually over a 19-year mine life.
The new unit will include the current Crushing and Screening division, which is currently part of the Sandvik Mining and Rock Technology business area.
Company has received approval to begin the first 13,000 metres of a planned 50,000-metre drill program at its Eau Claire gold project in the James Bay region.