The previous bulk sample results returned higher grades than those indicated by drilling.

Gold fell the most in almost a month after US inflation data came in hotter than expected.

Building the mine is expected to cost Marathon between C$470 million and C$490 million.

The precious metals miner said it reopened the Mexican gold mine on Sep. 10 following an initial meeting with local leaders.

Seguela will be Fortuna’s fifth mine, and is expected to produce 133,000 oz. gold a year.

The company intends to complete an updated economic study in the near future and to develop an exploration path.

Havieron is considered one of the biggest long-life gold-copper deposits in development worldwide, with an estimated value of over $1.2 billion.

Bullion has found a floor near $1,700 an ounce this month after slumping in August on the dollar’s rally.