New Britannia refurbishment is about 64% complete and commissioning of the gold plant is expected in mid-2021, three months earlier than originally planned.
In April, the company released a prefeasibility study for Valentine, which outlined a 12-year open pit and conventional milling operation producing an average of 175,000 oz. of gold annually in the first nine years of operation.
Company generated a total of 20,008 oz. from its Eagle River complex in Ontario in the third quarter of this year, at all-in sustaining costs of $1,047 per oz.