Eldorado Gold to reopen Lamaque mine
Province has confirmed that mines can resume operations starting Wednesday, but only with strict measures in place to limit potential coronavirus contagion.
Province has confirmed that mines can resume operations starting Wednesday, but only with strict measures in place to limit potential coronavirus contagion.
The miner is taking steps to provide additional facilities onsite to boost production.
Once the sale is completed, the miner’s gross proceeds would total C$201 million (about $144m).
The companies are using cutting edge technology to provide information on ore-waste boundaries and to identify mineralized zones.
The fund will focus on three key areas: employee and community health, food security, and local economic resilience.
While gold production in the first three months of the year climbed to 115,949 ounces from 82,977 last year, it was lower than expected.
It was reported that several workers at the site had contracted the virus.
First-quarter production was within guidance and the Jacobina, El Peñón, and Minera Florida mines all exceeded their production targets.
Following the identification of the first case of COVID-19 on March 24, a worker died over the weekend.
Operations at Rainy River were halted for for two weeks to comply with federal and provincial coronavirus guidelines.