The Rivard Property consists of one lease of six contiguous minerals claims encompassing 90 hectares.

Operations at the underground mine were suspended on Friday and have since resumed.

Under the deal, a company controlled by Eric Sprott, acquired around 5 million units for a total consideration of C$10 million.

The company’s claims now cover 110 km of the prospective Eureka structural trend.

Partners Agnico Eagle and Yamana Gold will begin construction on an underground ramp at their Canadian Malartic open pit mine, 25 km west of Val-d’Or, in August.

Fury Gold will combine the high-grade gold projects: Committee Bay in Nunavut, Homestake Ridge in B.C. and Eau Claire in Quebec.

The miner recorded net income of $80.7 million or $0.27 per share for Q2 2020, more than double the previous year's profits.

The company is maintaining 2020 guidance of 520,000-550,000 ounces at an all-in sustaining cost of $850-$950 per ounce sold.